E-MERGE CB: 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.
E-MERGE CB
Largest movements
- Cash -€6,334
down €6,334 (-20.2%), from €31,396 to €25,062
mainly Net result for the year (-€6,363)
- Profit (loss) carried forward -€6,363
down €6,363 (-26.1%), from -€24,410 to -€30,773
- Gross operating margin -€3,229
down €3,229 (-138%), from -€2,333 to -€5,562
- Financial charges +€135
up €135 (+20.2%), from €666 to €801
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 | €267,229 | €260,895 | -€6,334 | -2.4% |
| Fixed assets | 21/28 | €235,833 | €235,833 | = | 0.0% |
| Financial fixed assets | 28 | €235,833 | €235,833 | = | 0.0% |
| Current assets | 29/58 | €31,396 | €25,062 | -€6,334 | -20.2% |
| Cash at bank and in hand | 54/58 | €31,396 | €25,062 | -€6,334 | -20.2% |
| Total equity and liabilities | 10/49 | €267,229 | €260,895 | -€6,334 | -2.4% |
| Equity | 10/15 | €267,169 | €260,806 | -€6,363 | -2.4% |
| Contributions | 10/11 | €210,000 | €210,000 | = | 0.0% |
| Capital | 10 | €210,000 | €210,000 | = | 0.0% |
| Issued capital | 100 | €210,000 | €210,000 | = | 0.0% |
| Reserves | 13 | €81,579 | €81,579 | = | 0.0% |
| Non-distributable reserves | 130/1 | €81,579 | €81,579 | = | 0.0% |
| Legal reserve | 130 | €81,579 | €81,579 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,410 | -€30,773 | -€6,363 | -26.1% |
| Amounts payable | 17/49 | €61 | €89 | +€29 | +47.8% |
| Amounts payable within one year | 42/48 | €61 | €89 | +€29 | +47.8% |
| Trade debts | 44 | €61 | €89 | +€29 | +47.8% |
| Suppliers | 440/4 | €61 | €89 | +€29 | +47.8% |
| Gross operating margin | 9900 | -€2,333 | -€5,562 | -€3,229 | -138% |
| Operating profit (loss) | 9901 | -€2,333 | -€5,562 | -€3,229 | -138% |
| Financial charges | 65/66B | €666 | €801 | +€135 | +20.2% |
| Recurring financial charges | 65 | €666 | €801 | +€135 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,999 | -€6,363 | -€3,364 | -112% |
| Profit (loss) for the period | 9904 | -€2,999 | -€6,363 | -€3,364 | -112% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,999 | -€6,363 | -€3,364 | -112% |
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 21 October 2026 via checked.be.