Embedded Computing Specialists: 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.
Embedded Computing Specialists
Largest movements
- Cash -€77,989
down €77,989 (-96.3%), from €80,971 to €2,982
mainly Investment in fixed assets (net) (-€64,868) and Receivables within one year (-€45,514)
- Intangible fixed assets +€64,868
up €64,868 (+52.2%), from €124,216 to €189,084
- Receivables within one year +€45,514
up €45,514 (+306%), from €14,887 to €60,402
of which Trade receivables: +€35,271
- Tangible fixed assets -€5,067
down €5,067 (-37.5%), from €13,497 to €8,430
of which Furniture and vehicles: -€4,668
- Current portion of long-term debt +€48,326
up €48,326 (+2,887%), from €1,674 to €50,000
- Trade debts +€28,686
up €28,686 (+375,473%), from €8 to €28,694
- Tax, wage and social debts -€26,756
down €26,756 (-95.7%), from €27,969 to €1,214
of which Taxes: -€23,356
- Profit (loss) carried forward -€23,172
down €23,172 (-18.3%), from €126,742 to €103,570
- Gross operating margin +€5,096
up €5,096 (+30.3%), from -€16,819 to -€11,723
- Other operating charges -€808
down €808 (-21.6%), from €3,735 to €2,928
- Financial charges +€758
up €758 (+34.4%), from €2,201 to €2,959
- Depreciation -€437
down €437 (-7.9%), from €5,504 to €5,067
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,412 | €262,408 | +€25,995 | +11.0% |
| Fixed assets | 21/28 | €138,092 | €197,893 | +€59,801 | +43.3% |
| Intangible fixed assets | 21 | €124,216 | €189,084 | +€64,868 | +52.2% |
| Tangible fixed assets | 22/27 | €13,497 | €8,430 | -€5,067 | -37.5% |
| Plant, machinery and equipment | 23 | €1,054 | €655 | -€399 | -37.9% |
| Furniture and vehicles | 24 | €12,443 | €7,775 | -€4,668 | -37.5% |
| Financial fixed assets | 28 | €379 | €379 | = | 0.0% |
| Current assets | 29/58 | €98,320 | €64,515 | -€33,806 | -34.4% |
| Amounts receivable within one year | 40/41 | €14,887 | €60,402 | +€45,514 | +306% |
| Trade receivables | 40 | - | €35,271 | +€35,271 | |
| Other amounts receivable | 41 | €14,887 | €25,131 | +€10,244 | +68.8% |
| Cash at bank and in hand | 54/58 | €80,971 | €2,982 | -€77,989 | -96.3% |
| Deferred charges and accrued income | 490/1 | €2,462 | €1,130 | -€1,332 | -54.1% |
| Total equity and liabilities | 10/49 | €236,412 | €262,408 | +€25,995 | +11.0% |
| Equity | 10/15 | €196,307 | €173,135 | -€23,172 | -11.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,365 | €63,365 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €61,505 | €61,505 | = | 0.0% |
| Profit (loss) carried forward | 14 | €126,742 | €103,570 | -€23,172 | -18.3% |
| Amounts payable | 17/49 | €40,105 | €89,273 | +€49,167 | +123% |
| Amounts payable within one year | 42/48 | €40,105 | €89,273 | +€49,167 | +123% |
| Current portion of amounts payable after more than one year | 42 | €1,674 | €50,000 | +€48,326 | +2,887% |
| Trade debts | 44 | €8 | €28,694 | +€28,686 | +375,473% |
| Suppliers | 440/4 | €8 | €28,694 | +€28,686 | +375,473% |
| Taxes, remuneration and social security | 45 | €27,969 | €1,214 | -€26,756 | -95.7% |
| Taxes | 450/3 | €24,569 | €1,214 | -€23,356 | -95.1% |
| Remuneration and social security | 454/9 | €3,400 | - | -€3,400 | |
| Other amounts payable | 47/48 | €10,454 | €9,365 | -€1,089 | -10.4% |
| Non-recurring operating income | 76A | €3,700 | - | -€3,700 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,504 | €5,067 | -€437 | -7.9% |
| Other operating charges | 640/8 | €3,735 | €2,928 | -€808 | -21.6% |
| Gross operating margin | 9900 | -€16,819 | -€11,723 | +€5,096 | +30.3% |
| Operating profit (loss) | 9901 | -€26,059 | -€19,718 | +€6,341 | +24.3% |
| Financial charges | 65/66B | €2,201 | €2,959 | +€758 | +34.4% |
| Recurring financial charges | 65 | €2,201 | €2,959 | +€758 | +34.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,260 | -€22,677 | +€5,583 | +19.8% |
| Income taxes | 67/77 | €440 | €495 | +€56 | +12.7% |
| Profit (loss) for the period | 9904 | -€28,699 | -€23,172 | +€5,527 | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,699 | -€23,172 | +€5,527 | +19.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.