EMBER: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EMBER
Largest movements
- Receivables within one year +€31,447
up €31,447 (+92.9%), from €33,859 to €65,306
of which Other amounts receivable: +€16,310
- Cash +€3,503
up €3,503 (+29.4%), from €11,928 to €15,431
mainly Trade debts (+€37,803) and Depreciation (+€32,408)
- Trade debts +€37,803
up €37,803 (+87.8%), from €43,074 to €80,877
- Tax, wage and social debts +€31,713
up €31,713 (+57.8%), from €54,875 to €86,588
of which Taxes: +€25,001
- Debts after one year -€26,464
down €26,464 (-15.7%), from €168,916 to €142,452
of which Other amounts payable: -€15,308
- Profit (loss) carried forward -€26,158
down €26,158 (-15.8%), from -€165,362 to -€191,519
- Accrued charges and deferred income +€11,707
new in 2025: €11,707
- Gross operating margin +€96,946
up €96,946 (+116.5%), from €83,218 to €180,163
- Financial income -€76,606
down €76,606 (-94.1%), from €81,383 to €4,778
of which Non-recurring financial income: -€76,722
- Staff costs -€10,814
down €10,814 (-6.8%), from €159,549 to €148,735
- Depreciation +€5,606
up €5,606 (+20.9%), from €26,802 to €32,408
- Financial charges +€5,447
up €5,447 (+29.4%), from €18,512 to €23,958
of which Non-recurring financial charges: +€3,527
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €227,063 | €264,089 | +€37,025 | +16.3% |
| Fixed assets | 21/28 | €159,369 | €160,201 | +€831 | +0.5% |
| Tangible fixed assets | 22/27 | €148,419 | €149,251 | +€831 | +0.6% |
| Plant, machinery and equipment | 23 | €15,031 | €14,539 | -€492 | -3.3% |
| Furniture and vehicles | 24 | €6,023 | €7,235 | +€1,211 | +20.1% |
| Other tangible fixed assets | 26 | €127,365 | €127,477 | +€112 | +0.1% |
| Financial fixed assets | 28 | €10,950 | €10,950 | = | 0.0% |
| Current assets | 29/58 | €67,694 | €103,888 | +€36,194 | +53.5% |
| Stocks and contracts in progress | 3 | €18,561 | €19,662 | +€1,101 | +5.9% |
| Stocks | 30/36 | €18,561 | €19,662 | +€1,101 | +5.9% |
| Amounts receivable within one year | 40/41 | €33,859 | €65,306 | +€31,447 | +92.9% |
| Trade receivables | 40 | €32,219 | €47,356 | +€15,137 | +47.0% |
| Other amounts receivable | 41 | €1,640 | €17,950 | +€16,310 | +994.3% |
| Cash at bank and in hand | 54/58 | €11,928 | €15,431 | +€3,503 | +29.4% |
| Deferred charges and accrued income | 490/1 | €3,346 | €3,489 | +€143 | +4.3% |
| Total equity and liabilities | 10/49 | €227,063 | €264,089 | +€37,025 | +16.3% |
| Equity | 10/15 | -€82,556 | -€108,714 | -€26,158 | -31.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,806 | €77,806 | = | 0.0% |
| Tax-exempt reserves | 132 | €77,806 | €77,806 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,362 | -€191,519 | -€26,158 | -15.8% |
| Amounts payable | 17/49 | €309,619 | €372,802 | +€63,183 | +20.4% |
| Amounts payable after more than one year | 17 | €168,916 | €142,452 | -€26,464 | -15.7% |
| Financial debts | 170/4 | €94,963 | €83,807 | -€11,156 | -11.7% |
| Other amounts payable | 178/9 | €73,952 | €58,645 | -€15,308 | -20.7% |
| Amounts payable within one year | 42/48 | €140,704 | €218,643 | +€77,940 | +55.4% |
| Current portion of amounts payable after more than one year | 42 | €10,431 | €11,156 | +€725 | +7.0% |
| Financial debts | 43 | €18,488 | €20,777 | +€2,289 | +12.4% |
| Other loans | 439 | €18,488 | €20,777 | +€2,289 | +12.4% |
| Trade debts | 44 | €43,074 | €80,877 | +€37,803 | +87.8% |
| Suppliers | 440/4 | €43,074 | €80,877 | +€37,803 | +87.8% |
| Taxes, remuneration and social security | 45 | €54,875 | €86,588 | +€31,713 | +57.8% |
| Taxes | 450/3 | €26,024 | €51,025 | +€25,001 | +96.1% |
| Remuneration and social security | 454/9 | €28,851 | €35,564 | +€6,712 | +23.3% |
| Other amounts payable | 47/48 | €13,836 | €19,245 | +€5,409 | +39.1% |
| Accrued charges and deferred income | 492/3 | - | €11,707 | +€11,707 | |
| Remuneration, social security and pensions | 62 | €159,549 | €148,735 | -€10,814 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,802 | €32,408 | +€5,606 | +20.9% |
| Other operating charges | 640/8 | €2,992 | €5,998 | +€3,006 | +100.5% |
| Gross operating margin | 9900 | €83,218 | €180,163 | +€96,946 | +116.5% |
| Operating profit (loss) | 9901 | -€106,125 | -€6,977 | +€99,148 | +93.4% |
| Financial income | 75/76B | €81,383 | €4,778 | -€76,606 | -94.1% |
| Recurring financial income | 75 | €280 | €397 | +€117 | +41.6% |
| Non-recurring financial income | 76B | €81,103 | €4,381 | -€76,722 | -94.6% |
| Financial charges | 65/66B | €18,512 | €23,958 | +€5,447 | +29.4% |
| Recurring financial charges | 65 | €11,022 | €12,941 | +€1,920 | +17.4% |
| Non-recurring financial charges | 66B | €7,490 | €11,017 | +€3,527 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | -€43,253 | -€26,158 | +€17,096 | +39.5% |
| Transfer to deferred taxes | 680 | €77,806 | - | -€77,806 | |
| Profit (loss) for the period | 9904 | -€121,059 | -€26,158 | +€94,901 | +78.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€121,059 | -€26,158 | +€94,901 | +78.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.