P. Embrechts Services: 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.
P. Embrechts Services
Largest movements
- Current investments -€48,396
down €48,396 (-36.3%), from €133,142 to €84,746
- Receivables within one year +€14,504
new in 2025: €14,504
- Tangible fixed assets -€6,771
down €6,771 (-48.4%), from €13,988 to €7,217
of which Leasing and similar rights: -€6,032
- Cash -€2,786
down €2,786 (-10.4%), from €26,753 to €23,967
mainly Contributions, distributions and other (-€120,000) and Receivables within one year (-€14,504)
- Reserves -€39,690
down €39,690 (-26.3%), from €150,777 to €111,086
- Current portion of long-term debt -€3,345
down €3,345 (-68.4%), from €4,894 to €1,548
- Debts after one year -€2,805
no longer reported in 2025 (was €2,805)
- Other debts +€2,711
up €2,711 (+167%), from €1,620 to €4,331
- Gross operating margin +€5,943
up €5,943 (+6.0%), from €99,519 to €105,462
- Financial income +€2,931
up €2,931 (+1,654%), from €177 to €3,109
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 | €176,534 | €133,818 | -€42,716 | -24.2% |
| Fixed assets | 21/28 | €13,988 | €7,217 | -€6,771 | -48.4% |
| Tangible fixed assets | 22/27 | €13,988 | €7,217 | -€6,771 | -48.4% |
| Leasing and similar rights | 25 | €7,584 | €1,552 | -€6,032 | -79.5% |
| Other tangible fixed assets | 26 | €6,404 | €5,665 | -€739 | -11.5% |
| Current assets | 29/58 | €162,546 | €126,601 | -€35,945 | -22.1% |
| Stocks and contracts in progress | 3 | €1,225 | €1,848 | +€622 | +50.8% |
| Stocks | 30/36 | €1,225 | €1,848 | +€622 | +50.8% |
| Amounts receivable within one year | 40/41 | - | €14,504 | +€14,504 | |
| Trade receivables | 40 | - | €14,504 | +€14,504 | |
| Current investments | 50/53 | €133,142 | €84,746 | -€48,396 | -36.3% |
| Cash at bank and in hand | 54/58 | €26,753 | €23,967 | -€2,786 | -10.4% |
| Deferred charges and accrued income | 490/1 | €1,426 | €1,536 | +€110 | +7.7% |
| Total equity and liabilities | 10/49 | €176,534 | €133,818 | -€42,716 | -24.2% |
| Equity | 10/15 | €153,777 | €114,086 | -€39,690 | -25.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €150,777 | €111,086 | -€39,690 | -26.3% |
| Distributable reserves | 133 | €150,777 | €111,086 | -€39,690 | -26.3% |
| Amounts payable | 17/49 | €22,757 | €19,732 | -€3,026 | -13.3% |
| Amounts payable after more than one year | 17 | €2,805 | - | -€2,805 | |
| Financial debts | 170/4 | €2,805 | - | -€2,805 | |
| Amounts payable within one year | 42/48 | €19,952 | €19,732 | -€221 | -1.1% |
| Current portion of amounts payable after more than one year | 42 | €4,894 | €1,548 | -€3,345 | -68.4% |
| Trade debts | 44 | €1,844 | €1,723 | -€120 | -6.5% |
| Suppliers | 440/4 | €1,844 | €1,723 | -€120 | -6.5% |
| Taxes, remuneration and social security | 45 | €11,595 | €12,129 | +€534 | +4.6% |
| Taxes | 450/3 | €11,595 | €12,129 | +€534 | +4.6% |
| Other amounts payable | 47/48 | €1,620 | €4,331 | +€2,711 | +167% |
| Non-recurring operating income | 76A | €3,000 | €8,260 | +€5,260 | +175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,771 | €6,771 | = | 0.0% |
| Other operating charges | 640/8 | €2,273 | €2,043 | -€230 | -10.1% |
| Gross operating margin | 9900 | €99,519 | €105,462 | +€5,943 | +6.0% |
| Operating profit (loss) | 9901 | €90,475 | €96,648 | +€6,173 | +6.8% |
| Financial income | 75/76B | €177 | €3,109 | +€2,931 | +1,654% |
| Recurring financial income | 75 | €177 | €3,109 | +€2,931 | +1,654% |
| Financial charges | 65/66B | €305 | €63 | -€243 | -79.5% |
| Recurring financial charges | 65 | €305 | €63 | -€243 | -79.5% |
| Profit (loss) for the period before taxes | 9903 | €90,347 | €99,694 | +€9,348 | +10.3% |
| Income taxes | 67/77 | €18,614 | €19,385 | +€771 | +4.1% |
| Profit (loss) for the period | 9904 | €71,733 | €80,310 | +€8,576 | +12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €71,733 | €80,310 | +€8,576 | +12.0% |
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 25 October 2026 via checked.be.