EMBLEM BEHEER: 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.
EMBLEM BEHEER
Largest movements
- Tangible fixed assets +€16,274
up €16,274 (+5.5%), from €297,496 to €313,770
of which Land and buildings: +€17,904
- Other debts +€19,920
up €19,920 (+10.5%), from €188,996 to €208,916
- Current portion of long-term debt -€4,651
no longer reported in 2025 (was €4,651)
- Profit (loss) carried forward +€3,958
up €3,958 (+8.7%), from -€45,238 to -€41,280
- Gross operating margin +€6,320
up €6,320 (+32.5%), from €19,436 to €25,756
- Turnover +€3,740
up €3,740 (+14.6%), from €25,698 to €29,439
- Depreciation +€3,177
up €3,177 (+51.0%), from €6,234 to €9,411
- Purchases and services +€3,148
up €3,148 (+50.3%), from €6,262 to €9,411
- Financial charges +€1,480
up €1,480 (+15.4%), from €9,588 to €11,069
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.
Derived cash bridge
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 | €298,410 | €317,637 | +€19,227 | +6.4% |
| Fixed assets | 21/28 | €297,496 | €313,770 | +€16,274 | +5.5% |
| Tangible fixed assets | 22/27 | €297,496 | €313,770 | +€16,274 | +5.5% |
| Land and buildings | 22 | €283,431 | €301,335 | +€17,904 | +6.3% |
| Furniture and vehicles | 24 | €14,065 | €12,435 | -€1,629 | -11.6% |
| Current assets | 29/58 | €914 | €3,867 | +€2,953 | +323% |
| Cash at bank and in hand | 54/58 | €914 | €3,867 | +€2,953 | +323% |
| Total equity and liabilities | 10/49 | €298,410 | €317,637 | +€19,227 | +6.4% |
| Equity | 10/15 | €104,762 | €108,720 | +€3,958 | +3.8% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,238 | -€41,280 | +€3,958 | +8.7% |
| Amounts payable | 17/49 | €193,647 | €208,916 | +€15,269 | +7.9% |
| Amounts payable within one year | 42/48 | €193,647 | €208,916 | +€15,269 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €4,651 | - | -€4,651 | |
| Other amounts payable | 47/48 | €188,996 | €208,916 | +€19,920 | +10.5% |
| Turnover | 70 | €25,698 | €29,439 | +€3,740 | +14.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €6,262 | €9,411 | +€3,148 | +50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,234 | €9,411 | +€3,177 | +51.0% |
| Other operating charges | 640/8 | €2,250 | €1,318 | -€931 | -41.4% |
| Non-recurring operating charges | 66A | €896 | - | -€896 | |
| Gross operating margin | 9900 | €19,436 | €25,756 | +€6,320 | +32.5% |
| Operating profit (loss) | 9901 | €10,056 | €15,027 | +€4,970 | +49.4% |
| Financial charges | 65/66B | €9,588 | €11,069 | +€1,480 | +15.4% |
| Recurring financial charges | 65 | €9,588 | €11,069 | +€1,480 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €468 | €3,958 | +€3,490 | +746% |
| Profit (loss) for the period | 9904 | €468 | €3,958 | +€3,490 | +746% |
| Profit (loss) for the period to be appropriated | 9905 | €468 | €3,958 | +€3,490 | +746% |
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 21 October 2026 via checked.be.