Embedded Systems Consulting: 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 Systems Consulting
Largest movements
- Receivables within one year +€137,756
up €137,756 (+292%), from €47,220 to €184,976
of which Trade receivables: +€132,384
- Cash -€134,690
down €134,690 (-60.9%), from €221,257 to €86,567
mainly Contributions, distributions and other (-€150,000) and Receivables within one year (-€137,756)
- Financial fixed assets +€50,000
up €50,000 (+25.2%), from €198,713 to €248,713
- Tangible fixed assets +€47,300
up €47,300 (+79.0%), from €59,861 to €107,160
of which Furniture and vehicles: +€48,065
- Trade debts +€70,060
up €70,060 (+4,602%), from €1,522 to €71,582
- Profit (loss) carried forward -€63,288
down €63,288 (-17.0%), from €371,449 to €308,161
- Other debts +€59,445
up €59,445 (+73.7%), from €80,627 to €140,072
- Debts after one year +€14,798
up €14,798 (+62.5%), from €23,690 to €38,488
- Tax, wage and social debts +€14,365
up €14,365 (+68.3%), from €21,038 to €35,404
- Gross operating margin -€17,894
down €17,894 (-11.4%), from €156,451 to €138,557
- Taxes -€2,147
down €2,147 (-7.0%), from €30,764 to €28,617
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 | €530,924 | €632,936 | +€102,012 | +19.2% |
| Fixed assets | 21/28 | €258,573 | €355,873 | +€97,300 | +37.6% |
| Tangible fixed assets | 22/27 | €59,861 | €107,160 | +€47,300 | +79.0% |
| Plant, machinery and equipment | 23 | €653 | €415 | -€238 | -36.4% |
| Furniture and vehicles | 24 | €56,298 | €104,363 | +€48,065 | +85.4% |
| Other tangible fixed assets | 26 | €2,910 | €2,382 | -€528 | -18.1% |
| Financial fixed assets | 28 | €198,713 | €248,713 | +€50,000 | +25.2% |
| Current assets | 29/58 | €272,351 | €277,063 | +€4,713 | +1.7% |
| Amounts receivable within one year | 40/41 | €47,220 | €184,976 | +€137,756 | +292% |
| Trade receivables | 40 | €47,216 | €179,600 | +€132,384 | +280% |
| Other amounts receivable | 41 | €4 | €5,376 | +€5,372 | +127,901% |
| Cash at bank and in hand | 54/58 | €221,257 | €86,567 | -€134,690 | -60.9% |
| Deferred charges and accrued income | 490/1 | €3,873 | €5,520 | +€1,648 | +42.5% |
| Total equity and liabilities | 10/49 | €530,924 | €632,936 | +€102,012 | +19.2% |
| Equity | 10/15 | €391,909 | €328,621 | -€63,288 | -16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 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% |
| Profit (loss) carried forward | 14 | €371,449 | €308,161 | -€63,288 | -17.0% |
| Amounts payable | 17/49 | €139,015 | €304,315 | +€165,300 | +119% |
| Amounts payable after more than one year | 17 | €23,690 | €38,488 | +€14,798 | +62.5% |
| Financial debts | 170/4 | €23,690 | €38,488 | +€14,798 | +62.5% |
| Amounts payable within one year | 42/48 | €114,225 | €264,677 | +€150,452 | +132% |
| Current portion of amounts payable after more than one year | 42 | €11,037 | €15,202 | +€4,165 | +37.7% |
| Financial debts | 43 | - | €2,417 | +€2,417 | |
| Credit institutions | 430/8 | - | €2,417 | +€2,417 | |
| Trade debts | 44 | €1,522 | €71,582 | +€70,060 | +4,602% |
| Suppliers | 440/4 | €1,522 | €71,582 | +€70,060 | +4,602% |
| Taxes, remuneration and social security | 45 | €21,038 | €35,404 | +€14,365 | +68.3% |
| Taxes | 450/3 | €21,038 | €35,404 | +€14,365 | +68.3% |
| Other amounts payable | 47/48 | €80,627 | €140,072 | +€59,445 | +73.7% |
| Accrued charges and deferred income | 492/3 | €1,100 | €1,150 | +€50 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,415 | €20,472 | -€943 | -4.4% |
| Other operating charges | 640/8 | €709 | €1,048 | +€339 | +47.8% |
| Gross operating margin | 9900 | €156,451 | €138,557 | -€17,894 | -11.4% |
| Operating profit (loss) | 9901 | €134,326 | €117,037 | -€17,289 | -12.9% |
| Financial income | 75/76B | €0 | €66 | +€66 | +658,100% |
| Recurring financial income | 75 | €0 | €66 | +€66 | +658,100% |
| Financial charges | 65/66B | €2,294 | €1,774 | -€520 | -22.7% |
| Recurring financial charges | 65 | €2,294 | €1,774 | -€520 | -22.7% |
| Profit (loss) for the period before taxes | 9903 | €132,033 | €115,329 | -€16,703 | -12.7% |
| Income taxes | 67/77 | €30,764 | €28,617 | -€2,147 | -7.0% |
| Profit (loss) for the period | 9904 | €101,269 | €86,712 | -€14,556 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,269 | €86,712 | -€14,556 | -14.4% |
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 13 October 2026 via checked.be.