ESMERALDA: 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.
ESMERALDA
Largest movements
- Cash -€11,461
down €11,461 (-76.1%), from €15,069 to €3,608
mainly Net result for the year (-€26,869) and Receivables within one year (-€4,024)
- Receivables within one year +€4,024
up €4,024 (+178%), from €2,264 to €6,287
of which Other amounts receivable: +€4,477
- Profit (loss) carried forward -€26,869
down €26,869 (-8.4%), from -€320,426 to -€347,295
- Other debts +€20,000
up €20,000 (+8.3%), from €241,193 to €261,193
- Trade debts -€569
down €569 (-100%), from €569 to €0
- Gross operating margin -€12,728
down €12,728 (-147%), from -€8,631 to -€21,359
- Other operating charges +€4,643
up €4,643 (+1,033%), from €449 to €5,092
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 | €18,733 | €11,295 | -€7,437 | -39.7% |
| Fixed assets | 21/28 | €1,400 | €1,400 | = | 0.0% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €17,333 | €9,895 | -€7,437 | -42.9% |
| Amounts receivable within one year | 40/41 | €2,264 | €6,287 | +€4,024 | +178% |
| Trade receivables | 40 | €454 | €0 | -€454 | -100% |
| Other amounts receivable | 41 | €1,810 | €6,287 | +€4,477 | +247% |
| Cash at bank and in hand | 54/58 | €15,069 | €3,608 | -€11,461 | -76.1% |
| Total equity and liabilities | 10/49 | €18,733 | €11,295 | -€7,437 | -39.7% |
| Equity | 10/15 | -€252,226 | -€279,095 | -€26,869 | -10.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€320,426 | -€347,295 | -€26,869 | -8.4% |
| Amounts payable | 17/49 | €270,959 | €290,390 | +€19,431 | +7.2% |
| Amounts payable within one year | 42/48 | €241,761 | €261,193 | +€19,431 | +8.0% |
| Trade debts | 44 | €569 | €0 | -€569 | -100% |
| Suppliers | 440/4 | €569 | €0 | -€569 | -100% |
| Other amounts payable | 47/48 | €241,193 | €261,193 | +€20,000 | +8.3% |
| Accrued charges and deferred income | 492/3 | €29,197 | €29,197 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €5,092 | +€4,643 | +1,033% |
| Gross operating margin | 9900 | -€8,631 | -€21,359 | -€12,728 | -147% |
| Operating profit (loss) | 9901 | -€9,080 | -€26,452 | -€17,371 | -191% |
| Financial charges | 65/66B | €251 | €417 | +€166 | +66.1% |
| Recurring financial charges | 65 | €251 | €417 | +€166 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€9,331 | -€26,869 | -€17,537 | -188% |
| Profit (loss) for the period | 9904 | -€9,331 | -€26,869 | -€17,537 | -188% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,331 | -€26,869 | -€17,537 | -188% |
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 18 October 2026 via checked.be.