EMBEDDED KNIGHT: 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.
EMBEDDED KNIGHT
Largest movements
- Cash +€11,342
up €11,342 (+2693.0%), from €421 to €11,763
mainly Net result for the year (+€9,242) and Tax, wage and social debts (+€3,280)
- Tangible fixed assets +€1,230
up €1,230 (+128.7%), from €956 to €2,186
- Profit (loss) carried forward +€9,242
up €9,242, from -€3,347 to €5,895
- Tax, wage and social debts +€3,280
up €3,280 (+379.8%), from €863 to €4,143
- Other debts +€323
up €323 (+17.9%), from €1,805 to €2,128
- Trade debts -€248
down €248 (-59.8%), from €415 to €167
- Gross operating margin +€13,624
up €13,624, from -€1,303 to €12,321
- Taxes +€1,863
new in 2025: €1,863
- Other operating charges -€124
down €124 (-23.5%), from €528 to €404
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 | €1,736 | €14,332 | +€12,596 | +725.6% |
| Fixed assets | 21/28 | €956 | €2,186 | +€1,230 | +128.7% |
| Tangible fixed assets | 22/27 | €956 | €2,186 | +€1,230 | +128.7% |
| Plant, machinery and equipment | 23 | €956 | €2,186 | +€1,230 | +128.7% |
| Current assets | 29/58 | €780 | €12,145 | +€11,366 | +1457.8% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €359 | €383 | +€24 | +6.7% |
| Trade receivables | 40 | €298 | €298 | = | 0.0% |
| Other amounts receivable | 41 | €61 | €85 | +€24 | +39.6% |
| Cash at bank and in hand | 54/58 | €421 | €11,763 | +€11,342 | +2693.0% |
| Total equity and liabilities | 10/49 | €1,736 | €14,332 | +€12,596 | +725.6% |
| Equity | 10/15 | -€1,347 | €7,895 | +€9,242 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,347 | €5,895 | +€9,242 | |
| Amounts payable | 17/49 | €3,083 | €6,437 | +€3,354 | +108.8% |
| Amounts payable within one year | 42/48 | €3,083 | €6,437 | +€3,354 | +108.8% |
| Trade debts | 44 | €415 | €167 | -€248 | -59.8% |
| Suppliers | 440/4 | €415 | €167 | -€248 | -59.8% |
| Taxes, remuneration and social security | 45 | €863 | €4,143 | +€3,280 | +379.8% |
| Taxes | 450/3 | €863 | €4,143 | +€3,280 | +379.8% |
| Other amounts payable | 47/48 | €1,805 | €2,128 | +€323 | +17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €554 | €608 | +€54 | +9.7% |
| Other operating charges | 640/8 | €528 | €404 | -€124 | -23.5% |
| Gross operating margin | 9900 | -€1,303 | €12,321 | +€13,624 | |
| Operating profit (loss) | 9901 | -€2,385 | €11,309 | +€13,694 | |
| Financial charges | 65/66B | €315 | €205 | -€111 | -35.2% |
| Recurring financial charges | 65 | €315 | €205 | -€111 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,700 | €11,105 | +€13,805 | |
| Income taxes | 67/77 | - | €1,863 | +€1,863 | |
| Profit (loss) for the period | 9904 | -€2,700 | €9,242 | +€11,942 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,700 | €9,242 | +€11,942 |
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 2 October 2026 via checked.be.