EMBEDTECH: what changed
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
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it 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% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.