EMBEST: what changed
Two fiscal 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.
EMBEST
Largest movements
- Cash +€64,258
up €64,258 (+53.9%), from €119,326 to €183,584
mainly Net result for the year (+€65,984) and Trade debts (+€2,207)
- Reserves +€65,984
up €65,984 (+55.1%), from €119,720 to €185,704
- Tax, wage and social debts -€2,828
down €2,828 (-9.0%), from €31,322 to €28,493
of which Taxes: -€2,828
- Trade debts +€2,207
new in 2025: €2,207
- Gross operating margin -€13,660
down €13,660 (-13.1%), from €104,649 to €90,989
- Taxes -€3,241
down €3,241 (-15.6%), from €20,731 to €17,490
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 | €154,542 | €219,904 | +€65,362 | +42.3% |
| Fixed assets | 21/28 | €11,899 | €10,479 | -€1,420 | -11.9% |
| Tangible fixed assets | 22/27 | €11,899 | €10,479 | -€1,420 | -11.9% |
| Plant, machinery and equipment | 23 | €1,171 | €901 | -€270 | -23.1% |
| Other tangible fixed assets | 26 | €10,728 | €9,578 | -€1,150 | -10.7% |
| Current assets | 29/58 | €142,643 | €209,425 | +€66,782 | +46.8% |
| Amounts receivable within one year | 40/41 | €16,033 | €17,157 | +€1,124 | +7.0% |
| Trade receivables | 40 | €16,033 | €16,559 | +€527 | +3.3% |
| Other amounts receivable | 41 | - | €597 | +€597 | |
| Current investments | 50/53 | €5,000 | €5,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,326 | €183,584 | +€64,258 | +53.9% |
| Deferred charges and accrued income | 490/1 | €2,284 | €3,684 | +€1,400 | +61.3% |
| Total equity and liabilities | 10/49 | €154,542 | €219,904 | +€65,362 | +42.3% |
| Equity | 10/15 | €123,220 | €189,204 | +€65,984 | +53.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €119,720 | €185,704 | +€65,984 | +55.1% |
| Distributable reserves | 133 | €119,720 | €185,704 | +€65,984 | +55.1% |
| Amounts payable | 17/49 | €31,322 | €30,700 | -€622 | -2.0% |
| Amounts payable within one year | 42/48 | €31,322 | €30,700 | -€622 | -2.0% |
| Trade debts | 44 | - | €2,207 | +€2,207 | |
| Suppliers | 440/4 | - | €2,207 | +€2,207 | |
| Taxes, remuneration and social security | 45 | €31,322 | €28,493 | -€2,828 | -9.0% |
| Taxes | 450/3 | €29,767 | €26,938 | -€2,828 | -9.5% |
| Remuneration and social security | 454/9 | €1,555 | €1,555 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046 | €1,771 | +€724 | +69.2% |
| Other operating charges | 640/8 | €659 | €1,333 | +€674 | +102.4% |
| Gross operating margin | 9900 | €104,649 | €90,989 | -€13,660 | -13.1% |
| Operating profit (loss) | 9901 | €102,944 | €87,886 | -€15,058 | -14.6% |
| Financial income | 75/76B | €862 | €331 | -€531 | -61.6% |
| Recurring financial income | 75 | €862 | €331 | -€531 | -61.6% |
| Financial charges | 65/66B | €5,313 | €4,743 | -€571 | -10.7% |
| Recurring financial charges | 65 | €5,313 | €4,743 | -€571 | -10.7% |
| Profit (loss) for the period before taxes | 9903 | €98,492 | €83,474 | -€15,019 | -15.2% |
| Income taxes | 67/77 | €20,731 | €17,490 | -€3,241 | -15.6% |
| Profit (loss) for the period | 9904 | €77,761 | €65,984 | -€11,778 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €77,761 | €65,984 | -€11,778 | -15.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.