EMBRECHTS CONSULTING: 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.
EMBRECHTS CONSULTING
Largest movements
- Tangible fixed assets +€1.1m
up €1.1m (+51.0%), from €2.1m to €3.2m
of which Land and buildings: +€1.1m
- Cash -€207,572
down €207,572 (-98.3%), from €211,183 to €3,610
mainly Investment in fixed assets (net) (-€1.1m) and Other debts (-€206,249)
- Revaluation surpluses +€1.1m
up €1.1m (+165%), from €637,408 to €1.7m
- Debts after one year +€730,484
up €730,484 (+164%), from €445,777 to €1.2m
- Contributions -€650,000
down €650,000 (-53.5%), from €1.2m to €565,792
- Other debts -€206,249
down €206,249 (-99.1%), from €208,109 to €1,860
- Trade debts -€172,239
down €172,239 (-94.5%), from €182,309 to €10,070
- Financial charges -€21,445
down €21,445 (-30.3%), from €70,841 to €49,396
of which Non-recurring financial charges: -€51,098
- Gross operating margin +€14,270
up €14,270 (+6.5%), from €220,309 to €234,579
- Staff costs +€8,765
up €8,765 (+187%), from €4,693 to €13,457
- Other operating charges +€5,289
up €5,289 (+10.8%), from €48,910 to €54,198
- Financial income -€2,847
down €2,847 (-89.7%), from €3,176 to €329
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 | €2,425,307 | €3,270,901 | +€845,594 | +34.9% |
| Fixed assets | 21/28 | €2,103,582 | €3,177,023 | +€1.1m | +51.0% |
| Tangible fixed assets | 22/27 | €2,103,408 | €3,176,849 | +€1.1m | +51.0% |
| Land and buildings | 22 | €2,040,463 | €3,133,356 | +€1.1m | +53.6% |
| Plant, machinery and equipment | 23 | €1,159 | €862 | -€297 | -25.6% |
| Furniture and vehicles | 24 | €36,986 | €17,832 | -€19,154 | -51.8% |
| Other tangible fixed assets | 26 | €24,799 | €24,799 | = | 0.0% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €321,725 | €93,877 | -€227,848 | -70.8% |
| Amounts receivable within one year | 40/41 | €101,009 | €81,017 | -€19,992 | -19.8% |
| Trade receivables | 40 | €100,999 | €60,500 | -€40,499 | -40.1% |
| Other amounts receivable | 41 | €10 | €20,517 | +€20,507 | +206,305% |
| Cash at bank and in hand | 54/58 | €211,183 | €3,610 | -€207,572 | -98.3% |
| Deferred charges and accrued income | 490/1 | €9,534 | €9,250 | -€283 | -3.0% |
| Total equity and liabilities | 10/49 | €2,425,307 | €3,270,901 | +€845,594 | +34.9% |
| Equity | 10/15 | €1,373,306 | €1,819,867 | +€446,561 | +32.5% |
| Contributions | 10/11 | €1,215,792 | €565,792 | -€650,000 | -53.5% |
| Revaluation surpluses | 12 | €637,408 | €1,688,945 | +€1.1m | +165% |
| Reserves | 13 | €306,581 | €305,093 | -€1,488 | -0.5% |
| Tax-exempt reserves | 132 | €306,581 | €305,093 | -€1,488 | -0.5% |
| Profit (loss) carried forward | 14 | -€786,475 | -€739,963 | +€46,512 | +5.9% |
| Provisions and deferred taxes | 16 | €124,421 | €123,925 | -€496 | -0.4% |
| Provisions for liabilities and charges | 160/5 | €29,112 | €29,112 | = | 0.0% |
| Pensions and similar obligations | 160 | €29,112 | €29,112 | = | 0.0% |
| Deferred taxes | 168 | €95,309 | €94,813 | -€496 | -0.5% |
| Amounts payable | 17/49 | €927,579 | €1,327,108 | +€399,529 | +43.1% |
| Amounts payable after more than one year | 17 | €445,777 | €1,176,261 | +€730,484 | +164% |
| Financial debts | 170/4 | €445,777 | €1,176,261 | +€730,484 | +164% |
| Amounts payable within one year | 42/48 | €481,182 | €142,815 | -€338,367 | -70.3% |
| Current portion of amounts payable after more than one year | 42 | €83,937 | €110,913 | +€26,976 | +32.1% |
| Financial debts | 43 | - | €1,344 | +€1,344 | |
| Credit institutions | 430/8 | - | €1,344 | +€1,344 | |
| Trade debts | 44 | €182,309 | €10,070 | -€172,239 | -94.5% |
| Suppliers | 440/4 | €182,309 | €10,070 | -€172,239 | -94.5% |
| Taxes, remuneration and social security | 45 | €6,826 | €18,628 | +€11,802 | +173% |
| Taxes | 450/3 | €6,826 | €18,628 | +€11,802 | +173% |
| Other amounts payable | 47/48 | €208,109 | €1,860 | -€206,249 | -99.1% |
| Accrued charges and deferred income | 492/3 | €620 | €8,032 | +€7,412 | +1,195% |
| Remuneration, social security and pensions | 62 | €4,693 | €13,457 | +€8,765 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,904 | €64,510 | +€2,606 | +4.2% |
| Other operating charges | 640/8 | €48,910 | €54,198 | +€5,289 | +10.8% |
| Gross operating margin | 9900 | €220,309 | €234,579 | +€14,270 | +6.5% |
| Operating profit (loss) | 9901 | €104,802 | €102,413 | -€2,389 | -2.3% |
| Financial income | 75/76B | €3,176 | €329 | -€2,847 | -89.7% |
| Recurring financial income | 75 | €3,176 | €329 | -€2,847 | -89.7% |
| Financial charges | 65/66B | €70,841 | €49,396 | -€21,445 | -30.3% |
| Recurring financial charges | 65 | €19,743 | €49,396 | +€29,653 | +150% |
| Non-recurring financial charges | 66B | €51,098 | €0 | -€51,098 | -100% |
| Profit (loss) for the period before taxes | 9903 | €37,137 | €53,346 | +€16,209 | +43.6% |
| Transfer from deferred taxes | 780 | - | €496 | +€496 | |
| Income taxes | 67/77 | €12,437 | €15,153 | +€2,716 | +21.8% |
| Profit (loss) for the period | 9904 | €24,700 | €38,689 | +€13,990 | +56.6% |
| Transfer from tax-exempt reserves | 789 | - | €1,488 | +€1,488 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,700 | €40,177 | +€15,478 | +62.7% |
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 29 October 2026 via checked.be.