Tine Embrechts: 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.
Tine Embrechts
Largest movements
- Cash +€28,177
up €28,177 (+79.6%), from €35,406 to €63,583
mainly Other debts (+€54,910) and Net result for the year (+€24,619)
- Tangible fixed assets -€11,476
down €11,476 (-22.5%), from €51,102 to €39,625
of which Land and buildings: -€9,120
- Receivables within one year +€8,074
up €8,074 (+18.0%), from €44,968 to €53,041
of which Other amounts receivable: +€6,822
- Other debts +€54,910
new in 2025: €54,910
- Profit (loss) carried forward -€22,884
no longer reported in 2025 (was €22,884)
- Reserves -€17,098
down €17,098 (-22.3%), from €76,525 to €59,427
of which Distributable reserves: -€17,098
- Advances received +€7,208
new in 2025: €7,208
- Trade debts +€1,671
up €1,671 (+465%), from €360 to €2,031
- Gross operating margin +€7,545
up €7,545 (+19.4%), from €38,988 to €46,533
- Depreciation +€1,659
up €1,659 (+16.9%), from €9,818 to €11,476
- Taxes +€1,578
up €1,578 (+19.1%), from €8,257 to €9,835
- Financial charges -€1,476
down €1,476 (-75.2%), from €1,963 to €487
of which Non-recurring financial charges: -€1,231
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 | €131,905 | €156,466 | +€24,561 | +18.6% |
| Fixed assets | 21/28 | €51,102 | €39,625 | -€11,476 | -22.5% |
| Tangible fixed assets | 22/27 | €51,102 | €39,625 | -€11,476 | -22.5% |
| Land and buildings | 22 | €45,207 | €36,087 | -€9,120 | -20.2% |
| Plant, machinery and equipment | 23 | €5,895 | €3,538 | -€2,357 | -40.0% |
| Current assets | 29/58 | €80,804 | €116,841 | +€36,037 | +44.6% |
| Amounts receivable within one year | 40/41 | €44,968 | €53,041 | +€8,074 | +18.0% |
| Trade receivables | 40 | €28,766 | €30,018 | +€1,252 | +4.4% |
| Other amounts receivable | 41 | €16,202 | €23,024 | +€6,822 | +42.1% |
| Cash at bank and in hand | 54/58 | €35,406 | €63,583 | +€28,177 | +79.6% |
| Deferred charges and accrued income | 490/1 | €430 | €217 | -€213 | -49.6% |
| Total equity and liabilities | 10/49 | €131,905 | €156,466 | +€24,561 | +18.6% |
| Equity | 10/15 | €118,008 | €78,027 | -€39,981 | -33.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,525 | €59,427 | -€17,098 | -22.3% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €70,525 | €53,427 | -€17,098 | -24.2% |
| Profit (loss) carried forward | 14 | €22,884 | - | -€22,884 | |
| Amounts payable | 17/49 | €13,897 | €78,439 | +€64,542 | +464% |
| Amounts payable within one year | 42/48 | €13,858 | €78,439 | +€64,581 | +466% |
| Trade debts | 44 | €360 | €2,031 | +€1,671 | +465% |
| Suppliers | 440/4 | €360 | €2,031 | +€1,671 | +465% |
| Advances received on contracts in progress | 46 | - | €7,208 | +€7,208 | |
| Taxes, remuneration and social security | 45 | €13,498 | €14,291 | +€792 | +5.9% |
| Taxes | 450/3 | €13,498 | €14,291 | +€792 | +5.9% |
| Other amounts payable | 47/48 | - | €54,910 | +€54,910 | |
| Accrued charges and deferred income | 492/3 | €39 | - | -€39 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,818 | €11,476 | +€1,659 | +16.9% |
| Other operating charges | 640/8 | €278 | €120 | -€158 | -56.9% |
| Gross operating margin | 9900 | €38,988 | €46,533 | +€7,545 | +19.4% |
| Operating profit (loss) | 9901 | €28,892 | €34,937 | +€6,044 | +20.9% |
| Financial income | 75/76B | €132 | €4 | -€128 | -96.9% |
| Recurring financial income | 75 | €132 | €4 | -€128 | -96.9% |
| Financial charges | 65/66B | €1,963 | €487 | -€1,476 | -75.2% |
| Recurring financial charges | 65 | €732 | €487 | -€245 | -33.4% |
| Non-recurring financial charges | 66B | €1,231 | - | -€1,231 | |
| Profit (loss) for the period before taxes | 9903 | €27,061 | €34,454 | +€7,392 | +27.3% |
| Income taxes | 67/77 | €8,257 | €9,835 | +€1,578 | +19.1% |
| Profit (loss) for the period | 9904 | €18,805 | €24,619 | +€5,814 | +30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,805 | €24,619 | +€5,814 | +30.9% |
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 23 October 2026 via checked.be.