EMBUILD: 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.
What changed
EMBUILD
NACE 94.110, Activities of business and employers' organisations
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€702,612
2024 · €1.8m-€1.1m
Equity
€34.8m
2024 · €34.1m+€702,612
Cash
€9.5m
2024 · €6.9m+€2.6m
Balance sheet total
€45.6m
2024 · €45.1m+€538,044
Largest movements
Assets
- Cash +€2.6m
up €2.6m (+37.5%), from €6.9m to €9.5m
mainly Current investments (+€2.4m) and Depreciation (+€1.1m)
- Current investments -€2.4m
down €2.4m (-8.8%), from €27.5m to €25.1m
- Deferred charges and accrued income +€989,251
up €989,251 (+92.4%), from €1.1m to €2.1m
- Receivables within one year -€509,793
down €509,793 (-16.9%), from €3.0m to €2.5m
of which Trade receivables: -€577,021
Equity and liabilities
- Profit (loss) carried forward +€509,429
up €509,429 (+196.0%), from €259,884 to €769,313
Income statement
- Services and other goods +€1.4m
up €1.4m (+14.4%), from €9.8m to €11.2m
- Other operating income -€638,839
down €638,839 (-28.3%), from €2.3m to €1.6m
- Financial income -€286,581
down €286,581 (-11.6%), from €2.5m to €2.2m
- Staff costs +€243,818
up €243,818 (+1.9%), from €12.8m to €13.0m
- Financial charges -€195,596
down €195,596, from €70,316 to -€125,279
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.
Result 2024
€1.8m
Turnover
-€5,044
Other operating income
-€638,839
Goods and materials
+€85,426
Services and other goods
-€1.4m
Staff costs
-€243,818
Depreciation
-€2,206
Write-downs
-€176,689
Other operating charges
+€60,099
Other operating items
+€1.3m
Financial income
-€286,581
Financial charges
+€195,596
Result 2025
€702,612
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.
From operations
+€1.3m
Investment
+€1.4m
Financing
-€75,955
Cash 2024
€6.9m
From operations (derived)
+€1.3m
Net result for the year
+€702,612
Depreciation
+€1.1m
Stocks and contracts
+€652
Receivables within one year
+€509,793
Deferred charges and accrued income
-€989,251
Provisions
-€330,277
Debts within one year
-€121,237
Accrued charges and deferred income
+€362,901
Investment (derived)
+€1.4m
Investment in fixed assets (net)
-€1.0m
Current investments
+€2.4m
Financing
-€75,955
Debts after one year
-€75,955
Cash 2025
€9.5m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,075,782 | €45,613,826 | +€538,044 | +1.2% |
| Fixed assets | 21/28 | €5,904,867 | €5,769,667 | -€135,201 | -2.3% |
| Intangible fixed assets | 21 | €1,250 | - | -€1,250 | |
| Tangible fixed assets | 22/27 | €5,126,610 | €5,003,964 | -€122,646 | -2.4% |
| Land and buildings | 22 | €12,843 | €9,472 | -€3,371 | -26.2% |
| Plant, machinery and equipment | 23 | €9,767 | €5,965 | -€3,803 | -38.9% |
| Furniture and vehicles | 24 | €5,103,999 | €4,782,876 | -€321,123 | -6.3% |
| Assets under construction and advance payments | 27 | - | €205,651 | +€205,651 | |
| Financial fixed assets | 28 | €777,008 | €765,703 | -€11,305 | -1.5% |
| Affiliated companies | 280/1 | €13,655 | - | -€13,655 | |
| Participating interests | 280 | €13,655 | - | -€13,655 | |
| Other financial fixed assets | 284/8 | €763,353 | €765,703 | +€2,350 | +0.3% |
| Shares | 284 | €759,673 | €759,673 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €3,680 | €6,030 | +€2,350 | +63.9% |
| Current assets | 29/58 | €39,170,914 | €39,844,159 | +€673,245 | +1.7% |
| Amounts receivable after more than one year | 29 | €675,754 | €675,754 | = | 0.0% |
| Trade receivables | 290 | €455,754 | €455,754 | = | 0.0% |
| Other amounts receivable | 291 | €220,000 | €220,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,783 | €1,132 | -€652 | -36.5% |
| Stocks | 30/36 | €1,783 | €1,132 | -€652 | -36.5% |
| Goods purchased for resale | 34 | €1,783 | €1,132 | -€652 | -36.5% |
| Amounts receivable within one year | 40/41 | €3,019,402 | €2,509,610 | -€509,793 | -16.9% |
| Trade receivables | 40 | €2,445,015 | €1,867,994 | -€577,021 | -23.6% |
| Other amounts receivable | 41 | €574,387 | €641,616 | +€67,229 | +11.7% |
| Current investments | 50/53 | €27,478,123 | €25,073,265 | -€2.4m | -8.8% |
| Cash at bank and in hand | 54/58 | €6,924,726 | €9,524,022 | +€2.6m | +37.5% |
| Deferred charges and accrued income | 490/1 | €1,071,126 | €2,060,378 | +€989,251 | +92.4% |
| Total equity and liabilities | 10/49 | €45,075,782 | €45,613,826 | +€538,044 | +1.2% |
| Equity | 10/15 | €34,072,054 | €34,774,666 | +€702,612 | +2.1% |
| Contributions | 10/11 | €9,261,163 | €9,261,163 | = | 0.0% |
| Capital | 10 | €9,261,163 | €9,261,163 | = | 0.0% |
| Reserves | 13 | €24,551,006 | €24,744,189 | +€193,183 | +0.8% |
| Profit (loss) carried forward | 14 | €259,884 | €769,313 | +€509,429 | +196.0% |
| Provisions and deferred taxes | 16 | €330,277 | - | -€330,277 | |
| Provisions for liabilities and charges | 160/5 | €330,277 | - | -€330,277 | |
| Pensions and similar obligations | 160 | €30,277 | - | -€30,277 | |
| Other liabilities and charges | 164/5 | €300,000 | - | -€300,000 | |
| Amounts payable | 17/49 | €10,673,451 | €10,839,160 | +€165,709 | +1.6% |
| Amounts payable after more than one year | 17 | €227,865 | €151,910 | -€75,955 | -33.3% |
| Financial debts | 170/4 | €227,865 | €151,910 | -€75,955 | -33.3% |
| Other loans | 174 | €227,865 | €151,910 | -€75,955 | -33.3% |
| Amounts payable within one year | 42/48 | €8,071,266 | €7,950,029 | -€121,237 | -1.5% |
| Trade debts | 44 | €2,212,717 | €2,678,729 | +€466,012 | +21.1% |
| Suppliers | 440/4 | €2,212,717 | €2,678,729 | +€466,012 | +21.1% |
| Taxes, remuneration and social security | 45 | €1,338,060 | €1,486,359 | +€148,299 | +11.1% |
| Taxes | 450/3 | €171,500 | €171,595 | +€95 | +0.1% |
| Remuneration and social security | 454/9 | €1,166,561 | €1,314,764 | +€148,204 | +12.7% |
| Accrued charges and deferred income | 492/3 | €2,374,320 | €2,737,220 | +€362,901 | +15.3% |
| Operating income | 70/76A | €26,821,971 | €27,156,092 | +€334,121 | +1.2% |
| Turnover | 70 | €8,012,329 | €8,007,285 | -€5,044 | -0.1% |
| Other operating income | 74 | €2,254,069 | €1,615,230 | -€638,839 | -28.3% |
| Non-recurring operating income | 76A | €77,084 | €51,058 | -€26,026 | -33.8% |
| Operating charges | 60/66A | €27,416,578 | €28,759,048 | +€1.3m | +4.9% |
| Goods for resale, raw materials and consumables | 60 | €3,237,367 | €3,151,941 | -€85,426 | -2.6% |
| Purchases | 600/8 | €3,232,935 | €3,151,289 | -€81,646 | -2.5% |
| Change in stocks: decrease (increase) | 609 | €4,432 | €652 | -€3,780 | -85.3% |
| Services and other goods | 61 | €9,750,389 | €11,157,066 | +€1.4m | +14.4% |
| Remuneration, social security and pensions | 62 | €12,768,208 | €13,012,025 | +€243,818 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,141,675 | €1,143,881 | +€2,206 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €133,406 | €310,095 | +€176,689 | +132.4% |
| Other operating charges | 640/8 | €360,761 | €300,661 | -€60,099 | -16.7% |
| Non-recurring operating charges | 66A | - | €13,655 | +€13,655 | |
| Operating profit (loss) | 9901 | -€594,607 | -€1,602,956 | -€1.0m | -169.6% |
| Financial income | 75/76B | €2,466,870 | €2,180,289 | -€286,581 | -11.6% |
| Recurring financial income | 75 | €2,466,870 | €2,180,289 | -€286,581 | -11.6% |
| Income from current assets | 751 | €59,114 | €50,885 | -€8,230 | -13.9% |
| Other financial income | 752/9 | €2,407,756 | €2,129,404 | -€278,352 | -11.6% |
| Financial charges | 65/66B | €70,316 | -€125,279 | -€195,596 | |
| Recurring financial charges | 65 | €70,316 | -€125,279 | -€195,596 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€10,945 | -€173,409 | -€162,465 | -1484.4% |
| Other financial charges | 652/9 | €81,261 | €48,130 | -€33,131 | -40.8% |
| Profit (loss) for the period before taxes | 9903 | €1,801,947 | €702,612 | -€1.1m | -61.0% |
| Profit (loss) for the period | 9904 | €1,801,947 | €702,612 | -€1.1m | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,801,947 | €702,612 | -€1.1m | -61.0% |
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 30 September 2026 via checked.be.