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Embeetle: 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.

What changed

Embeetle

BE 0743.919.427
NACE 62.100, Computer programming
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€21,737
2023 · -€21,170-€567
Equity
-€61,829
2023 · -€40,092-€21,737
Cash
€11,957
2023 · €14,923-€2,966
Balance sheet total
€16,707
2023 · €19,425-€2,718

Largest movements

2023 to 2024
Assets
  • Cash -€2,966

    down €2,966 (-19.9%), from €14,923 to €11,957

    mainly Net result for the year (-€21,737) and Trade debts (-€981)

  • Receivables within one year +€248

    up €248 (+5.5%), from €4,502 to €4,750

Equity and liabilities
  • Profit (loss) carried forward -€21,737

    down €21,737 (-45.7%), from -€47,592 to -€69,329

  • Debts after one year +€20,000

    up €20,000 (+66.7%), from €30,000 to €50,000

  • Trade debts -€981

    down €981 (-3.3%), from €29,517 to €28,536

Income statement
  • Gross operating margin -€678

    down €678 (-3.3%), from -€20,524 to -€21,202

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 -€21,170
Gross operating margin -€678
Depreciation +€166
Other operating charges -€3
Financial income +€3
Financial charges -€56
Result 2024 -€21,737

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations -€22,966
Investment €0
Financing +€20,000
Cash 2023 €14,923
Net result for the year -€21,737
Receivables within one year -€248
Trade debts -€981
Debts after one year +€20,000
Cash 2024 €11,957
Every line side by side 27 lines
Line Code 2023 2024 Change %
Total assets 20/58 €19,425 €16,707 -€2,718 -14.0%
Formation expenses 20 €0 €0 =
Current assets 29/58 €19,425 €16,707 -€2,718 -14.0%
Amounts receivable within one year 40/41 €4,502 €4,750 +€248 +5.5%
Other amounts receivable 41 €4,502 €4,750 +€248 +5.5%
Cash at bank and in hand 54/58 €14,923 €11,957 -€2,966 -19.9%
Total equity and liabilities 10/49 €19,425 €16,707 -€2,718 -14.0%
Equity 10/15 -€40,092 -€61,829 -€21,737 -54.2%
Contributions 10/11 €7,500 €7,500 = 0.0%
Profit (loss) carried forward 14 -€47,592 -€69,329 -€21,737 -45.7%
Amounts payable 17/49 €59,517 €78,536 +€19,019 +32.0%
Amounts payable after more than one year 17 €30,000 €50,000 +€20,000 +66.7%
Financial debts 170/4 €30,000 €50,000 +€20,000 +66.7%
Amounts payable within one year 42/48 €29,517 €28,536 -€981 -3.3%
Trade debts 44 €29,517 €28,536 -€981 -3.3%
Suppliers 440/4 €29,517 €28,536 -€981 -3.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €166 - -€166
Other operating charges 640/8 €384 €387 +€3 +0.8%
Gross operating margin 9900 -€20,524 -€21,202 -€678 -3.3%
Operating profit (loss) 9901 -€21,075 -€21,589 -€515 -2.4%
Financial income 75/76B €4 €7 +€3 +99.1%
Recurring financial income 75 €4 €7 +€3 +99.1%
Financial charges 65/66B €99 €155 +€56 +56.4%
Recurring financial charges 65 €99 €155 +€56 +56.4%
Profit (loss) for the period before taxes 9903 -€21,170 -€21,737 -€567 -2.7%
Profit (loss) for the period 9904 -€21,170 -€21,737 -€567 -2.7%
Profit (loss) for the period to be appropriated 9905 -€21,170 -€21,737 -€567 -2.7%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.