EMBEDDED SYSTEMS FACTORY: 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 FACTORY
Largest movements
- Cash -€15,498
down €15,498 (-49.9%), from €31,071 to €15,572
mainly Contributions, distributions and other (-€26,300) and Other debts (-€10,243)
- Tangible fixed assets -€6,243
down €6,243 (-16.2%), from €38,573 to €32,330
of which Furniture and vehicles: -€5,061
- Receivables within one year +€1,614
up €1,614 (+8.8%), from €18,368 to €19,982
- Other debts -€10,243
down €10,243 (-47.8%), from €21,420 to €11,178
- Debts after one year -€5,124
down €5,124 (-17.9%), from €28,623 to €23,499
of which Financial debts: -€5,124
- Tax, wage and social debts -€4,805
down €4,805 (-36.8%), from €13,049 to €8,244
of which Taxes: -€4,805
- Gross operating margin +€1,692
up €1,692 (+3.8%), from €45,034 to €46,727
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 | €88,047 | €68,012 | -€20,035 | -22.8% |
| Fixed assets | 21/28 | €38,573 | €32,330 | -€6,243 | -16.2% |
| Tangible fixed assets | 22/27 | €38,573 | €32,330 | -€6,243 | -16.2% |
| Furniture and vehicles | 24 | €32,320 | €27,259 | -€5,061 | -15.7% |
| Other tangible fixed assets | 26 | €2,513 | €5,071 | +€2,557 | +102% |
| Assets under construction and advance payments | 27 | €3,739 | - | -€3,739 | |
| Current assets | 29/58 | €49,475 | €35,682 | -€13,793 | -27.9% |
| Amounts receivable within one year | 40/41 | €18,368 | €19,982 | +€1,614 | +8.8% |
| Trade receivables | 40 | €18,368 | €19,982 | +€1,614 | +8.8% |
| Cash at bank and in hand | 54/58 | €31,071 | €15,572 | -€15,498 | -49.9% |
| Deferred charges and accrued income | 490/1 | €36 | €128 | +€92 | +254% |
| Total equity and liabilities | 10/49 | €88,047 | €68,012 | -€20,035 | -22.8% |
| Equity | 10/15 | €18,627 | €18,957 | +€330 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27 | €357 | +€330 | +1,227% |
| Amounts payable | 17/49 | €69,420 | €49,055 | -€20,365 | -29.3% |
| Amounts payable after more than one year | 17 | €28,623 | €23,499 | -€5,124 | -17.9% |
| Financial debts | 170/4 | €10,023 | €4,899 | -€5,124 | -51.1% |
| Other amounts payable | 178/9 | €18,600 | €18,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,471 | €24,575 | -€14,896 | -37.7% |
| Current portion of amounts payable after more than one year | 42 | €4,903 | €5,124 | +€221 | +4.5% |
| Trade debts | 44 | €100 | €30 | -€70 | -69.9% |
| Suppliers | 440/4 | €100 | €30 | -€70 | -69.9% |
| Taxes, remuneration and social security | 45 | €13,049 | €8,244 | -€4,805 | -36.8% |
| Taxes | 450/3 | €11,599 | €6,794 | -€4,805 | -41.4% |
| Remuneration and social security | 454/9 | €1,450 | €1,450 | = | 0.0% |
| Other amounts payable | 47/48 | €21,420 | €11,178 | -€10,243 | -47.8% |
| Accrued charges and deferred income | 492/3 | €1,326 | €980 | -€345 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,014 | €10,293 | +€279 | +2.8% |
| Other operating charges | 640/8 | €729 | €751 | +€22 | +3.0% |
| Gross operating margin | 9900 | €45,034 | €46,727 | +€1,692 | +3.8% |
| Operating profit (loss) | 9901 | €34,291 | €35,682 | +€1,391 | +4.1% |
| Financial income | 75/76B | €55 | - | -€55 | |
| Recurring financial income | 75 | €55 | - | -€55 | |
| Financial charges | 65/66B | €2,366 | €1,947 | -€419 | -17.7% |
| Recurring financial charges | 65 | €2,366 | €1,947 | -€419 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €31,980 | €33,735 | +€1,755 | +5.5% |
| Income taxes | 67/77 | €6,835 | €7,105 | +€270 | +4.0% |
| Profit (loss) for the period | 9904 | €25,145 | €26,630 | +€1,485 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €25,145 | €26,630 | +€1,485 | +5.9% |
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 18 October 2026 via checked.be.