Emergence: 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.
Emergence
Largest movements
- Cash -€86,188
down €86,188 (-97.1%), from €88,768 to €2,580
- Profit (loss) carried forward -€145,205
down €145,205 (-543.5%), from -€26,717 to -€171,921
- Contributions +€63,000
up €63,000 (+94.0%), from €67,000 to €130,000
- Debts within one year -€5,059
down €5,059 (-4.8%), from €104,479 to €99,421
of which Trade debts: -€10,639
- Gross operating margin -€53,001
down €53,001, from €52,665 to -€336
From the 2020 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,763 | €57,499 | -€87,264 | -60.3% |
| Current assets | 29/58 | €144,763 | €57,499 | -€87,264 | -60.3% |
| Amounts receivable within one year | 40/41 | €55,995 | €54,919 | -€1,075 | -1.9% |
| Trade receivables | 40 | - | €52,454 | +€52,454 | |
| Other amounts receivable | 41 | - | €2,466 | +€2,466 | |
| Cash at bank and in hand | 54/58 | €88,768 | €2,580 | -€86,188 | -97.1% |
| Total equity and liabilities | 10/49 | €144,763 | €57,499 | -€87,264 | -60.3% |
| Equity | 10/15 | €40,283 | -€41,921 | -€82,205 | |
| Contributions | 10/11 | €67,000 | €130,000 | +€63,000 | +94.0% |
| Capital | 10 | - | €130,000 | +€130,000 | |
| Issued capital | 100 | - | €130,000 | +€130,000 | |
| Profit (loss) carried forward | 14 | -€26,717 | -€171,921 | -€145,205 | -543.5% |
| Amounts payable | 17/49 | €104,479 | €99,421 | -€5,059 | -4.8% |
| Amounts payable within one year | 42/48 | €104,479 | €99,421 | -€5,059 | -4.8% |
| Trade debts | 44 | €16,109 | €5,470 | -€10,639 | -66.0% |
| Suppliers | 440/4 | - | €5,470 | +€5,470 | |
| Other amounts payable | 47/48 | - | €93,951 | +€93,951 | |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €52,665 | -€336 | -€53,001 | |
| Operating profit (loss) | 9901 | €47,026 | -€724 | -€47,749 | |
| Financial charges | 65/66B | - | €163 | +€163 | |
| Recurring financial charges | 65 | €52 | €163 | +€111 | +211.0% |
| Profit (loss) for the period before taxes | 9903 | €46,973 | -€887 | -€47,860 | |
| Profit (loss) for the period | 9904 | €46,973 | -€887 | -€47,860 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,973 | -€887 | -€47,860 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.