EMBLEME: 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.
EMBLEME
Largest movements
- Cash +€17,242
up €17,242 (+347%), from €4,974 to €22,216
- Stocks and contracts +€14,301
new in 2025: €14,301
- Receivables within one year +€9,102
up €9,102 (+170%), from €5,362 to €14,463
of which Trade receivables: +€9,102
- Tangible fixed assets +€1,388
new in 2025: €1,388
of which Furniture and vehicles: +€859
- Trade debts +€43,862
up €43,862 (+2,184%), from €2,008 to €45,870
- Tax, wage and social debts -€3,332
down €3,332 (-54.3%), from €6,133 to €2,802
- Profit (loss) carried forward +€1,331
up €1,331, from -€49 to €1,281
- Gross operating margin +€2,990
up €2,990 (+2,151%), from €139 to €3,129
- Financial charges +€1,626
up €1,626 (+3,511%), from €46 to €1,672
- Depreciation +€1,123
new in 2025: €1,123
- Other operating charges -€108
no longer reported in 2025 (was €108)
- Taxes +€33
up €33 (+97.7%), from €34 to €67
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,336 | €52,367 | +€42,032 | +407% |
| Fixed assets | 21/28 | - | €1,388 | +€1,388 | |
| Tangible fixed assets | 22/27 | - | €1,388 | +€1,388 | |
| Plant, machinery and equipment | 23 | - | €529 | +€529 | |
| Furniture and vehicles | 24 | - | €859 | +€859 | |
| Current assets | 29/58 | €10,336 | €50,979 | +€40,644 | +393% |
| Stocks and contracts in progress | 3 | - | €14,301 | +€14,301 | |
| Stocks | 30/36 | - | €14,301 | +€14,301 | |
| Amounts receivable within one year | 40/41 | €5,362 | €14,463 | +€9,102 | +170% |
| Trade receivables | 40 | €5,362 | €14,463 | +€9,102 | +170% |
| Other amounts receivable | 41 | - | €0 | = | |
| Cash at bank and in hand | 54/58 | €4,974 | €22,216 | +€17,242 | +347% |
| Total equity and liabilities | 10/49 | €10,336 | €52,367 | +€42,032 | +407% |
| Equity | 10/15 | €951 | €2,281 | +€1,331 | +140% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49 | €1,281 | +€1,331 | |
| Amounts payable | 17/49 | €9,385 | €50,086 | +€40,701 | +434% |
| Amounts payable within one year | 42/48 | €9,385 | €50,086 | +€40,701 | +434% |
| Trade debts | 44 | €2,008 | €45,870 | +€43,862 | +2,184% |
| Suppliers | 440/4 | €2,008 | €45,870 | +€43,862 | +2,184% |
| Taxes, remuneration and social security | 45 | €6,133 | €2,802 | -€3,332 | -54.3% |
| Taxes | 450/3 | €6,133 | €2,802 | -€3,332 | -54.3% |
| Other amounts payable | 47/48 | €1,243 | €1,414 | +€171 | +13.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,123 | +€1,123 | |
| Other operating charges | 640/8 | €108 | - | -€108 | |
| Gross operating margin | 9900 | €139 | €3,129 | +€2,990 | +2,151% |
| Operating profit (loss) | 9901 | €31 | €2,006 | +€1,975 | +6,365% |
| Financial charges | 65/66B | €46 | €1,672 | +€1,626 | +3,511% |
| Recurring financial charges | 65 | €46 | €1,672 | +€1,626 | +3,511% |
| Profit (loss) for the period before taxes | 9903 | -€15 | €334 | +€349 | |
| Income taxes | 67/77 | €34 | €67 | +€33 | +97.7% |
| Profit (loss) for the period | 9904 | -€49 | €267 | +€316 | |
| Profit (loss) for the period to be appropriated | 9905 | -€49 | €267 | +€316 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.