EMERGENCES: 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.
EMERGENCES
Largest movements
- Current assets -€560,954
down €560,954 (-61.7%), from €909,251 to €348,297
of which Current investments: -€537,987
- Equity -€537,266
down €537,266 (-72.1%), from €745,072 to €207,806
- Debts -€25,216
down €25,216 (-14.5%), from €174,391 to €149,175
- Gross operating margin -€639,447
down €639,447, from €308,222 to -€331,225
From the 2018 result to the 2019 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2018 | 2019 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €919,463 | €356,981 | -€562,482 | -61.2% |
| Fixed assets | 21/28 | €10,212 | €8,684 | -€1,528 | -15.0% |
| Tangible fixed assets | 22/27 | €10,212 | €8,684 | -€1,528 | -15.0% |
| Current assets | 29/58 | €909,251 | €348,297 | -€560,954 | -61.7% |
| Amounts receivable within one year | 40/41 | €46,973 | €24,999 | -€21,974 | -46.8% |
| Current investments | 50/53 | €830,000 | €292,013 | -€537,987 | -64.8% |
| Cash at bank and in hand | 54/58 | €29,230 | €26,660 | -€2,570 | -8.8% |
| Total equity and liabilities | 10/49 | €919,463 | €356,981 | -€562,482 | -61.2% |
| Equity | 10/15 | €745,072 | €207,806 | -€537,266 | -72.1% |
| Amounts payable | 17/49 | €174,391 | €149,175 | -€25,216 | -14.5% |
| Amounts payable within one year | 42/48 | €31,587 | €64,199 | +€32,612 | +103.2% |
| Trade debts | 44 | €17,196 | €42,812 | +€25,616 | +149.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,210 | €5,900 | -€310 | -5.0% |
| Gross operating margin | 9900 | €308,222 | -€331,225 | -€639,447 | |
| Operating profit (loss) | 9901 | €180,240 | -€530,605 | -€710,845 | |
| Recurring financial income | 75 | €138 | €582 | +€444 | +321.7% |
| Recurring financial charges | 65 | €12,161 | €7,099 | -€5,062 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €168,217 | -€537,122 | -€705,339 | |
| Profit (loss) for the period | 9904 | €168,024 | -€537,266 | -€705,290 | |
| Profit (loss) for the period to be appropriated | 9905 | €168,024 | -€537,266 | -€705,290 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2018 and 31 December 2019. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.