EMBEDDED ENGINEERING: 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 ENGINEERING
Largest movements
- Cash +€10,651
up €10,651 (+7.6%), from €140,500 to €151,151
mainly Net result for the year (+€29,297) and Current portion of long-term debt (+€11,000)
- Receivables after one year -€2,533
down €2,533 (-40.4%), from €6,267 to €3,733
- Receivables within one year +€2,416
up €2,416 (+11.1%), from €21,772 to €24,188
of which Trade receivables: +€4,819
- Current portion of long-term debt +€11,000
new in 2025: €11,000
- Accrued charges and deferred income -€10,000
no longer reported in 2025 (was €10,000)
- Tax, wage and social debts +€9,634
up €9,634 (+660.7%), from €1,458 to €11,092
- Other debts -€7,292
no longer reported in 2025 (was €7,292)
- Reserves +€6,597
up €6,597 (+4.1%), from €159,924 to €166,521
of which Distributable reserves: +€6,597
- Taxes +€16,648
up €16,648 (+1108.5%), from €1,502 to €18,149
- Gross operating margin +€6,301
up €6,301 (+14.6%), from €43,073 to €49,373
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €178,817 | €189,404 | +€10,587 | +5.9% |
| Fixed assets | 21/28 | €10,279 | €10,130 | -€149 | -1.4% |
| Tangible fixed assets | 22/27 | €1,555 | €1,407 | -€149 | -9.6% |
| Furniture and vehicles | 24 | €1,555 | €1,407 | -€149 | -9.6% |
| Financial fixed assets | 28 | €8,723 | €8,723 | = | 0.0% |
| Current assets | 29/58 | €168,539 | €179,274 | +€10,736 | +6.4% |
| Amounts receivable after more than one year | 29 | €6,267 | €3,733 | -€2,533 | -40.4% |
| Other amounts receivable | 291 | €6,267 | €3,733 | -€2,533 | -40.4% |
| Amounts receivable within one year | 40/41 | €21,772 | €24,188 | +€2,416 | +11.1% |
| Trade receivables | 40 | €14,754 | €19,573 | +€4,819 | +32.7% |
| Other amounts receivable | 41 | €7,018 | €4,615 | -€2,403 | -34.2% |
| Cash at bank and in hand | 54/58 | €140,500 | €151,151 | +€10,651 | +7.6% |
| Deferred charges and accrued income | 490/1 | - | €202 | +€202 | |
| Total equity and liabilities | 10/49 | €178,817 | €189,404 | +€10,587 | +5.9% |
| Equity | 10/15 | €159,924 | €166,521 | +€6,597 | +4.1% |
| Reserves | 13 | €159,924 | €166,521 | +€6,597 | +4.1% |
| 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 | €158,064 | €164,661 | +€6,597 | +4.2% |
| Amounts payable | 17/49 | €18,894 | €22,884 | +€3,990 | +21.1% |
| Amounts payable within one year | 42/48 | €8,894 | €22,884 | +€13,990 | +157.3% |
| Current portion of amounts payable after more than one year | 42 | - | €11,000 | +€11,000 | |
| Trade debts | 44 | €144 | €792 | +€648 | +451.2% |
| Suppliers | 440/4 | €144 | €792 | +€648 | +451.2% |
| Taxes, remuneration and social security | 45 | €1,458 | €11,092 | +€9,634 | +660.7% |
| Taxes | 450/3 | €1,458 | €11,092 | +€9,634 | +660.7% |
| Other amounts payable | 47/48 | €7,292 | - | -€7,292 | |
| Accrued charges and deferred income | 492/3 | €10,000 | - | -€10,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,591 | €1,189 | -€402 | -25.3% |
| Other operating charges | 640/8 | €708 | €609 | -€99 | -14.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €43,073 | €49,373 | +€6,301 | +14.6% |
| Operating profit (loss) | 9901 | €40,774 | €47,576 | +€6,802 | +16.7% |
| Financial income | 75/76B | - | €205 | +€205 | |
| Recurring financial income | 75 | - | €205 | +€205 | |
| Financial charges | 65/66B | €317 | €334 | +€18 | +5.5% |
| Recurring financial charges | 65 | €317 | €334 | +€18 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €40,457 | €47,446 | +€6,989 | +17.3% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €1,502 | €18,149 | +€16,648 | +1108.5% |
| Profit (loss) for the period | 9904 | €38,956 | €29,297 | -€9,659 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,956 | €29,297 | -€9,659 | -24.8% |
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 9 October 2026 via checked.be.