E-MERGE SLY: 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 SLY
Largest movements
- Cash -€205,188
down €205,188 (-93.6%), from €219,256 to €14,067
mainly Current investments (-€200,000) and Net result for the year (-€4,050)
- Current investments +€200,000
new in 2025: €200,000
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€5,429
down €5,429 (-234%), from -€2,323 to -€7,752
- Financial income +€3,468
up €3,468, from €0 to €3,468
- Taxes -€1,037
down €1,037, from €0 to -€1,037
- Financial charges -€197
down €197 (-19.7%), from €999 to €803
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 | €12,006,170 | €12,002,119 | -€4,051 | 0.0% |
| Fixed assets | 21/28 | €11,786,915 | €11,786,915 | = | 0.0% |
| Financial fixed assets | 28 | €11,786,915 | €11,786,915 | = | 0.0% |
| Current assets | 29/58 | €219,256 | €215,204 | -€4,051 | -1.8% |
| Amounts receivable within one year | 40/41 | - | €999 | +€999 | |
| Other amounts receivable | 41 | - | €999 | +€999 | |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €219,256 | €14,067 | -€205,188 | -93.6% |
| Deferred charges and accrued income | 490/1 | - | €138 | +€138 | |
| Total equity and liabilities | 10/49 | €12,006,170 | €12,002,119 | -€4,051 | 0.0% |
| Equity | 10/15 | €12,006,080 | €12,002,030 | -€4,050 | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,938,430 | €11,934,380 | -€4,050 | 0.0% |
| Amounts payable | 17/49 | €91 | €89 | -€1 | -1.5% |
| Amounts payable within one year | 42/48 | €91 | €89 | -€1 | -1.5% |
| Trade debts | 44 | €91 | €89 | -€1 | -1.5% |
| Suppliers | 440/4 | €91 | €89 | -€1 | -1.5% |
| Gross operating margin | 9900 | -€2,323 | -€7,752 | -€5,429 | -234% |
| Operating profit (loss) | 9901 | -€2,323 | -€7,752 | -€5,429 | -234% |
| Financial income | 75/76B | €0 | €3,468 | +€3,468 | |
| Recurring financial income | 75 | €0 | €3,468 | +€3,468 | |
| Financial charges | 65/66B | €999 | €803 | -€197 | -19.7% |
| Recurring financial charges | 65 | €999 | €803 | -€197 | -19.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,322 | -€5,087 | -€1,765 | -53.1% |
| Income taxes | 67/77 | €0 | -€1,037 | -€1,037 | |
| Profit (loss) for the period | 9904 | -€3,322 | -€4,050 | -€728 | -21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,322 | -€4,050 | -€728 | -21.9% |
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 31 October 2026 via checked.be.