E-MERGING DIGITAL: 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.
E-MERGING DIGITAL
Largest movements
- Deferred charges and accrued income +€195
up €195 (+89.3%), from €218 to €413
- Receivables within one year +€60
up €60 (+45.6%), from €130 to €190
- Tangible fixed assets -€36
no longer reported in 2025 (was €36)
- Cash -€11
down €11 (-28.2%), from €39 to €28
mainly Net result for the year (-€17,862) and Deferred charges and accrued income (-€195)
- Profit (loss) carried forward -€17,862
down €17,862 (-22.9%), from -€78,053 to -€95,914
- Other debts +€15,722
up €15,722 (+38.2%), from €41,210 to €56,933
- Tax, wage and social debts +€2,032
up €2,032 (+62.9%), from €3,230 to €5,262
of which Remuneration and social security: +€1,760
- Trade debts +€314
up €314 (+560.9%), from €56 to €369
- Gross operating margin +€745
up €745 (+4.3%), from -€17,317 to -€16,572
- Other operating charges +€456
up €456 (+83.1%), from €549 to €1,005
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.
Cash bridge derived
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 | €878 | €1,084 | +€207 | +23.6% |
| Fixed assets | 21/28 | €490 | €454 | -€36 | -7.4% |
| Tangible fixed assets | 22/27 | €36 | - | -€36 | |
| Furniture and vehicles | 24 | €36 | - | -€36 | |
| Financial fixed assets | 28 | €454 | €454 | = | 0.0% |
| Current assets | 29/58 | €387 | €630 | +€243 | +62.8% |
| Amounts receivable within one year | 40/41 | €130 | €190 | +€60 | +45.6% |
| Trade receivables | 40 | €130 | €190 | +€60 | +45.6% |
| Cash at bank and in hand | 54/58 | €39 | €28 | -€11 | -28.2% |
| Deferred charges and accrued income | 490/1 | €218 | €413 | +€195 | +89.3% |
| Total equity and liabilities | 10/49 | €878 | €1,084 | +€207 | +23.6% |
| Equity | 10/15 | -€43,619 | -€61,480 | -€17,862 | -40.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €31,434 | €31,434 | = | 0.0% |
| Distributable reserves | 133 | €31,434 | €31,434 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,053 | -€95,914 | -€17,862 | -22.9% |
| Amounts payable | 17/49 | €44,496 | €62,564 | +€18,068 | +40.6% |
| Amounts payable within one year | 42/48 | €44,496 | €62,564 | +€18,068 | +40.6% |
| Trade debts | 44 | €56 | €369 | +€314 | +560.9% |
| Suppliers | 440/4 | €56 | €369 | +€314 | +560.9% |
| Taxes, remuneration and social security | 45 | €3,230 | €5,262 | +€2,032 | +62.9% |
| Taxes | 450/3 | €1,182 | €1,454 | +€272 | +23.1% |
| Remuneration and social security | 454/9 | €2,048 | €3,808 | +€1,760 | +85.9% |
| Other amounts payable | 47/48 | €41,210 | €56,933 | +€15,722 | +38.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83 | €36 | -€47 | -56.4% |
| Other operating charges | 640/8 | €549 | €1,005 | +€456 | +83.1% |
| Gross operating margin | 9900 | -€17,317 | -€16,572 | +€745 | +4.3% |
| Operating profit (loss) | 9901 | -€17,949 | -€17,613 | +€336 | +1.9% |
| Financial charges | 65/66B | - | €107 | +€107 | |
| Recurring financial charges | 65 | - | €107 | +€107 | |
| Profit (loss) for the period before taxes | 9903 | -€17,949 | -€17,721 | +€229 | +1.3% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€18,089 | -€17,862 | +€227 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,089 | -€17,862 | +€227 | +1.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.