EMBEDTECH: 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.
EMBEDTECH
Largest movements
- Cash +€34,564
up €34,564 (+43.5%), from €79,456 to €114,020
mainly Other debts (+€159,061) and Net result for the year (+€86,322)
- Tangible fixed assets -€22,108
down €22,108 (-27.3%), from €81,110 to €59,002
of which Furniture and vehicles: -€21,797
- Receivables within one year -€10,358
down €10,358 (-23.8%), from €43,479 to €33,121
of which Other amounts receivable: -€9,758
- Reserves -€177,043
down €177,043 (-99.8%), from €177,365 to €322
- Other debts +€159,061
up €159,061 (+340,820%), from €47 to €159,107
- Tax, wage and social debts +€22,742
up €22,742 (+107%), from €21,323 to €44,064
- Gross operating margin +€32,287
up €32,287 (+30.5%), from €105,720 to €138,007
- Depreciation +€13,263
up €13,263 (+125%), from €10,579 to €23,842
- Taxes +€4,901
up €4,901 (+24.9%), from €19,659 to €24,560
- Other operating charges +€1,958
up €1,958 (+182%), from €1,074 to €3,032
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 | €204,143 | €207,697 | +€3,554 | +1.7% |
| Fixed assets | 21/28 | €81,209 | €60,556 | -€20,653 | -25.4% |
| Intangible fixed assets | 21 | - | €1,455 | +€1,455 | |
| Tangible fixed assets | 22/27 | €81,110 | €59,002 | -€22,108 | -27.3% |
| Plant, machinery and equipment | 23 | €2,042 | €1,731 | -€311 | -15.2% |
| Furniture and vehicles | 24 | €79,068 | €57,271 | -€21,797 | -27.6% |
| Financial fixed assets | 28 | €99 | €99 | = | 0.0% |
| Current assets | 29/58 | €122,935 | €147,141 | +€24,206 | +19.7% |
| Amounts receivable within one year | 40/41 | €43,479 | €33,121 | -€10,358 | -23.8% |
| Trade receivables | 40 | €27,800 | €27,200 | -€600 | -2.2% |
| Other amounts receivable | 41 | €15,679 | €5,921 | -€9,758 | -62.2% |
| Cash at bank and in hand | 54/58 | €79,456 | €114,020 | +€34,564 | +43.5% |
| Total equity and liabilities | 10/49 | €204,143 | €207,697 | +€3,554 | +1.7% |
| Equity | 10/15 | €181,365 | €4,322 | -€177,043 | -97.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Contributions outside capital | 11 | €4,000 | - | -€4,000 | |
| Other | 1109/19 | €4,000 | - | -€4,000 | |
| Reserves | 13 | €177,365 | €322 | -€177,043 | -99.8% |
| Distributable reserves | 133 | €177,365 | €322 | -€177,043 | -99.8% |
| Amounts payable | 17/49 | €22,779 | €203,375 | +€180,597 | +793% |
| Amounts payable within one year | 42/48 | €22,779 | €203,375 | +€180,597 | +793% |
| Trade debts | 44 | €1,409 | €203 | -€1,206 | -85.6% |
| Suppliers | 440/4 | €1,409 | €203 | -€1,206 | -85.6% |
| Taxes, remuneration and social security | 45 | €21,323 | €44,064 | +€22,742 | +107% |
| Taxes | 450/3 | €21,323 | €44,064 | +€22,742 | +107% |
| Other amounts payable | 47/48 | €47 | €159,107 | +€159,061 | +340,820% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,579 | €23,842 | +€13,263 | +125% |
| Other operating charges | 640/8 | €1,074 | €3,032 | +€1,958 | +182% |
| Gross operating margin | 9900 | €105,720 | €138,007 | +€32,287 | +30.5% |
| Operating profit (loss) | 9901 | €94,067 | €111,133 | +€17,066 | +18.1% |
| Financial charges | 65/66B | €153 | €251 | +€98 | +64.1% |
| Recurring financial charges | 65 | €153 | €251 | +€98 | +64.1% |
| Profit (loss) for the period before taxes | 9903 | €93,914 | €110,881 | +€16,968 | +18.1% |
| Income taxes | 67/77 | €19,659 | €24,560 | +€4,901 | +24.9% |
| Profit (loss) for the period | 9904 | €74,255 | €86,322 | +€12,067 | +16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €74,255 | €86,322 | +€12,067 | +16.3% |
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.