TEAM-EMBEDDED: 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.
TEAM-EMBEDDED
Largest movements
- Cash +€40,927
up €40,927 (+193%), from €21,171 to €62,097
mainly Net result for the year (+€31,455) and Receivables within one year (+€5,455)
- Receivables within one year -€5,455
down €5,455 (-28.9%), from €18,855 to €13,400
of which Other amounts receivable: -€5,455
- Reserves +€31,400
new in 2025: €31,400
- Tax, wage and social debts +€3,290
up €3,290 (+233%), from €1,410 to €4,700
of which Taxes: +€3,290
- Gross operating margin +€59,169
up €59,169, from -€17,891 to €41,278
- Taxes +€7,026
up €7,026 (+5,323%), from €132 to €7,158
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 | €44,538 | €79,937 | +€35,399 | +79.5% |
| Fixed assets | 21/28 | €3,835 | €3,178 | -€657 | -17.1% |
| Tangible fixed assets | 22/27 | €3,835 | €3,178 | -€657 | -17.1% |
| Plant, machinery and equipment | 23 | €3,619 | €1,969 | -€1,650 | -45.6% |
| Furniture and vehicles | 24 | €215 | €1,209 | +€994 | +461% |
| Current assets | 29/58 | €40,703 | €76,759 | +€36,056 | +88.6% |
| Amounts receivable within one year | 40/41 | €18,855 | €13,400 | -€5,455 | -28.9% |
| Trade receivables | 40 | €13,400 | €13,400 | = | 0.0% |
| Other amounts receivable | 41 | €5,455 | €0 | -€5,455 | -100% |
| Cash at bank and in hand | 54/58 | €21,171 | €62,097 | +€40,927 | +193% |
| Deferred charges and accrued income | 490/1 | €678 | €1,262 | +€584 | +86.2% |
| Total equity and liabilities | 10/49 | €44,538 | €79,937 | +€35,399 | +79.5% |
| Equity | 10/15 | €24,020 | €55,475 | +€31,455 | +131% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | - | €31,400 | +€31,400 | |
| Distributable reserves | 133 | - | €31,400 | +€31,400 | |
| Profit (loss) carried forward | 14 | €14,020 | €14,075 | +€55 | +0.4% |
| Amounts payable | 17/49 | €20,518 | €24,462 | +€3,945 | +19.2% |
| Amounts payable within one year | 42/48 | €19,842 | €23,867 | +€4,025 | +20.3% |
| Trade debts | 44 | €33 | €731 | +€698 | +2,129% |
| Suppliers | 440/4 | €33 | €731 | +€698 | +2,129% |
| Taxes, remuneration and social security | 45 | €1,410 | €4,700 | +€3,290 | +233% |
| Taxes | 450/3 | €1,410 | €4,700 | +€3,290 | +233% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €18,400 | €18,436 | +€36 | +0.2% |
| Accrued charges and deferred income | 492/3 | €675 | €595 | -€80 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,472 | €2,458 | -€13 | -0.5% |
| Other operating charges | 640/8 | €62 | €125 | +€63 | +102% |
| Gross operating margin | 9900 | -€17,891 | €41,278 | +€59,169 | |
| Operating profit (loss) | 9901 | -€20,425 | €38,694 | +€59,119 | |
| Financial charges | 65/66B | €301 | €81 | -€220 | -73.1% |
| Recurring financial charges | 65 | €301 | €81 | -€220 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | -€20,726 | €38,613 | +€59,339 | |
| Income taxes | 67/77 | €132 | €7,158 | +€7,026 | +5,323% |
| Profit (loss) for the period | 9904 | -€20,858 | €31,455 | +€52,313 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,858 | €31,455 | +€52,313 |
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 24 October 2026 via checked.be.