EMBR: 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.
EMBR
Largest movements
- Cash +€24,444
up €24,444 (+56.4%), from €43,309 to €67,754
mainly Net result for the year (+€69,057) and Tax, wage and social debts (+€23,794)
- Receivables within one year +€21,862
up €21,862 (+342.1%), from €6,391 to €28,252
of which Trade receivables: +€27,096
- Tangible fixed assets -€3,882
down €3,882 (-2.4%), from €164,966 to €161,084
of which Plant, machinery and equipment: -€2,003
- Reserves +€69,057
up €69,057 (+113.1%), from €61,047 to €130,104
- Other debts -€45,601
down €45,601 (-97.6%), from €46,736 to €1,134
- Tax, wage and social debts +€23,794
up €23,794 (+74.9%), from €31,781 to €55,574
of which Remuneration and social security: +€14,370
- Debts after one year -€11,845
down €11,845 (-29.3%), from €40,491 to €28,646
- Trade debts +€4,938
up €4,938 (+10.6%), from €46,679 to €51,617
- Gross operating margin +€37,243
up €37,243 (+9.8%), from €380,902 to €418,145
- Staff costs +€18,357
up €18,357 (+6.4%), from €285,501 to €303,858
- Financial charges -€8,606
down €8,606 (-79.7%), from €10,801 to €2,195
- Depreciation +€6,875
up €6,875 (+56.7%), from €12,130 to €19,005
- Taxes +€5,152
up €5,152 (+39.7%), from €12,985 to €18,137
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 | €240,066 | €280,921 | +€40,855 | +17.0% |
| Fixed assets | 21/28 | €165,366 | €161,484 | -€3,882 | -2.3% |
| Tangible fixed assets | 22/27 | €164,966 | €161,084 | -€3,882 | -2.4% |
| Plant, machinery and equipment | 23 | €154,083 | €152,080 | -€2,003 | -1.3% |
| Furniture and vehicles | 24 | €10,883 | €9,004 | -€1,879 | -17.3% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €74,700 | €119,438 | +€44,738 | +59.9% |
| Stocks and contracts in progress | 3 | €25,000 | €23,432 | -€1,568 | -6.3% |
| Stocks | 30/36 | €25,000 | €23,432 | -€1,568 | -6.3% |
| Amounts receivable within one year | 40/41 | €6,391 | €28,252 | +€21,862 | +342.1% |
| Trade receivables | 40 | €1,156 | €28,252 | +€27,096 | +2344.0% |
| Other amounts receivable | 41 | €5,235 | - | -€5,235 | |
| Cash at bank and in hand | 54/58 | €43,309 | €67,754 | +€24,444 | +56.4% |
| Total equity and liabilities | 10/49 | €240,066 | €280,921 | +€40,855 | +17.0% |
| Equity | 10/15 | €63,047 | €132,104 | +€69,057 | +109.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €61,047 | €130,104 | +€69,057 | +113.1% |
| Distributable reserves | 133 | €61,047 | €130,104 | +€69,057 | +113.1% |
| Amounts payable | 17/49 | €177,018 | €148,817 | -€28,202 | -15.9% |
| Amounts payable after more than one year | 17 | €40,491 | €28,646 | -€11,845 | -29.3% |
| Financial debts | 170/4 | €40,491 | €28,646 | -€11,845 | -29.3% |
| Amounts payable within one year | 42/48 | €136,527 | €120,171 | -€16,357 | -12.0% |
| Current portion of amounts payable after more than one year | 42 | €11,332 | €11,845 | +€512 | +4.5% |
| Trade debts | 44 | €46,679 | €51,617 | +€4,938 | +10.6% |
| Suppliers | 440/4 | €46,679 | €51,617 | +€4,938 | +10.6% |
| Taxes, remuneration and social security | 45 | €31,781 | €55,574 | +€23,794 | +74.9% |
| Taxes | 450/3 | €12,985 | €22,409 | +€9,424 | +72.6% |
| Remuneration and social security | 454/9 | €18,796 | €33,166 | +€14,370 | +76.4% |
| Other amounts payable | 47/48 | €46,736 | €1,134 | -€45,601 | -97.6% |
| Remuneration, social security and pensions | 62 | €285,501 | €303,858 | +€18,357 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,130 | €19,005 | +€6,875 | +56.7% |
| Other operating charges | 640/8 | €3,853 | €6,691 | +€2,838 | +73.6% |
| Gross operating margin | 9900 | €380,902 | €418,145 | +€37,243 | +9.8% |
| Operating profit (loss) | 9901 | €79,418 | €88,591 | +€9,173 | +11.6% |
| Financial income | 75/76B | €5,415 | €798 | -€4,617 | -85.3% |
| Recurring financial income | 75 | €5,415 | €798 | -€4,617 | -85.3% |
| Financial charges | 65/66B | €10,801 | €2,195 | -€8,606 | -79.7% |
| Recurring financial charges | 65 | €10,801 | €2,195 | -€8,606 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €74,032 | €87,194 | +€13,162 | +17.8% |
| Income taxes | 67/77 | €12,985 | €18,137 | +€5,152 | +39.7% |
| Profit (loss) for the period | 9904 | €61,047 | €69,057 | +€8,010 | +13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €61,047 | €69,057 | +€8,010 | +13.1% |
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 8 October 2026 via checked.be.