EMSQL: 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.
EMSQL
Largest movements
- Cash +€22,307
up €22,307 (+1290.9%), from €1,728 to €24,035
mainly Net result for the year (+€14,925) and Other debts (+€4,418)
- Profit (loss) carried forward +€14,925
up €14,925 (+7.7%), from -€193,030 to -€178,105
- Other debts +€4,418
up €4,418 (+2.4%), from €186,123 to €190,541
- Tax, wage and social debts +€2,300
new in 2025: €2,300
- Trade debts +€575
up €575 (+39.8%), from €1,443 to €2,018
- Gross operating margin +€19,276
new in 2025: €19,276
- Taxes +€2,300
new in 2025: €2,300
- Staff costs -€1,260
no longer reported in 2025 (was €1,260)
- Financial charges +€541
up €541 (+563.0%), from €96 to €637
- Depreciation -€347
no longer reported in 2025 (was €347)
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 | €1,817 | €24,035 | +€22,218 | +1222.8% |
| Current assets | 29/58 | €1,817 | €24,035 | +€22,218 | +1222.8% |
| Amounts receivable within one year | 40/41 | €89 | - | -€89 | |
| Other amounts receivable | 41 | €89 | - | -€89 | |
| Cash at bank and in hand | 54/58 | €1,728 | €24,035 | +€22,307 | +1290.9% |
| Total equity and liabilities | 10/49 | €1,817 | €24,035 | +€22,218 | +1222.8% |
| Equity | 10/15 | -€185,749 | -€170,824 | +€14,925 | +8.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,081 | €1,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,081 | €1,081 | = | 0.0% |
| Legal reserve | 130 | €1,081 | €1,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€193,030 | -€178,105 | +€14,925 | +7.7% |
| Amounts payable | 17/49 | €187,566 | €194,859 | +€7,293 | +3.9% |
| Amounts payable within one year | 42/48 | €187,566 | €194,859 | +€7,293 | +3.9% |
| Trade debts | 44 | €1,443 | €2,018 | +€575 | +39.8% |
| Suppliers | 440/4 | €1,443 | €2,018 | +€575 | +39.8% |
| Taxes, remuneration and social security | 45 | - | €2,300 | +€2,300 | |
| Taxes | 450/3 | - | €2,300 | +€2,300 | |
| Other amounts payable | 47/48 | €186,123 | €190,541 | +€4,418 | +2.4% |
| Remuneration, social security and pensions | 62 | €1,260 | - | -€1,260 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €347 | - | -€347 | |
| Other operating charges | 640/8 | €1,344 | €1,414 | +€70 | +5.2% |
| Gross operating margin | 9900 | - | €19,276 | +€19,276 | |
| Operating profit (loss) | 9901 | -€2,951 | €17,861 | +€20,812 | |
| Financial charges | 65/66B | €96 | €637 | +€541 | +563.0% |
| Recurring financial charges | 65 | €96 | €637 | +€541 | +563.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,047 | €17,225 | +€20,272 | |
| Income taxes | 67/77 | - | €2,300 | +€2,300 | |
| Profit (loss) for the period | 9904 | -€3,047 | €14,925 | +€17,972 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,047 | €14,925 | +€17,972 |
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.