EMBROS: 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.
EMBROS
Largest movements
- Cash +€2.3m
up €2.3m (+373%), from €610,805 to €2.9m
mainly Current investments (+€1.9m) and Net result for the year (+€530,546)
- Current investments -€1.9m
down €1.9m (-8.2%), from €22.8m to €20.9m
- Financial fixed assets +€278,550
up €278,550 (+16.4%), from €1.7m to €2.0m
- Reserves +€530,546
up €530,546 (+2.1%), from €25.0m to €25.5m
- Financial income +€345,250
up €345,250 (+35.0%), from €986,806 to €1.3m
- Financial charges +€97,775
up €97,775 (+40.7%), from €240,085 to €337,861
- Taxes +€76,370
up €76,370 (+241%), from €31,702 to €108,072
- Gross operating margin -€37,577
down €37,577 (-11.9%), from -€316,771 to -€354,348
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 | €25,181,980 | €25,776,940 | +€594,960 | +2.4% |
| Fixed assets | 21/28 | €1,703,212 | €1,981,762 | +€278,550 | +16.4% |
| Financial fixed assets | 28 | €1,703,212 | €1,981,762 | +€278,550 | +16.4% |
| Current assets | 29/58 | €23,478,768 | €23,795,178 | +€316,410 | +1.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €109,629 | €0 | -€109,629 | -100% |
| Other amounts receivable | 41 | €109,629 | €0 | -€109,629 | -100% |
| Current investments | 50/53 | €22,755,590 | €20,900,048 | -€1.9m | -8.2% |
| Cash at bank and in hand | 54/58 | €610,805 | €2,888,699 | +€2.3m | +373% |
| Deferred charges and accrued income | 490/1 | €2,744 | €6,430 | +€3,686 | +134% |
| Total equity and liabilities | 10/49 | €25,181,980 | €25,776,940 | +€594,960 | +2.4% |
| Equity | 10/15 | €24,962,276 | €25,492,822 | +€530,546 | +2.1% |
| Contributions | 10/11 | €9,916 | €9,916 | = | 0.0% |
| Reserves | 13 | €24,952,360 | €25,482,906 | +€530,546 | +2.1% |
| Distributable reserves | 133 | €24,952,360 | €25,482,906 | +€530,546 | +2.1% |
| Amounts payable | 17/49 | €219,704 | €284,118 | +€64,414 | +29.3% |
| Amounts payable within one year | 42/48 | €168,885 | €235,521 | +€66,636 | +39.5% |
| Trade debts | 44 | €168,885 | €204,141 | +€35,256 | +20.9% |
| Suppliers | 440/4 | €168,885 | €204,141 | +€35,256 | +20.9% |
| Taxes, remuneration and social security | 45 | €0 | €31,380 | +€31,380 | |
| Taxes | 450/3 | €0 | €31,380 | +€31,380 | |
| Accrued charges and deferred income | 492/3 | €50,820 | €48,598 | -€2,222 | -4.4% |
| Other operating charges | 640/8 | €1,108 | €1,230 | +€122 | +11.0% |
| Gross operating margin | 9900 | -€316,771 | -€354,348 | -€37,577 | -11.9% |
| Operating profit (loss) | 9901 | -€317,879 | -€355,578 | -€37,699 | -11.9% |
| Financial income | 75/76B | €986,806 | €1,332,057 | +€345,250 | +35.0% |
| Recurring financial income | 75 | €986,806 | €1,332,057 | +€345,250 | +35.0% |
| Financial charges | 65/66B | €240,085 | €337,861 | +€97,775 | +40.7% |
| Recurring financial charges | 65 | €240,085 | €337,861 | +€97,775 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €428,842 | €638,618 | +€209,776 | +48.9% |
| Income taxes | 67/77 | €31,702 | €108,072 | +€76,370 | +241% |
| Profit (loss) for the period | 9904 | €397,140 | €530,546 | +€133,406 | +33.6% |
| Profit (loss) for the period to be appropriated | 9905 | €397,140 | €530,546 | +€133,406 | +33.6% |
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 28 October 2026 via checked.be.