EM Value Consulting: 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.
EM Value Consulting
Largest movements
- Cash +€79,983
up €79,983 (+2113.4%), from €3,785 to €83,768
mainly Net result for the year (+€114,783) and Debts after one year (+€30,779)
- Tangible fixed assets +€46,134
up €46,134 (+6301.4%), from €732 to €46,866
of which Furniture and vehicles: +€42,592
- Receivables within one year +€20,932
up €20,932 (+348.7%), from €6,003 to €26,935
of which Trade receivables: +€18,694
- Profit (loss) carried forward +€114,783
up €114,783 (+1071734.0%), from €11 to €114,793
- Debts after one year +€30,779
new in 2025: €30,779
- Current portion of long-term debt +€9,107
new in 2025: €9,107
- Other debts -€8,000
down €8,000 (-100.0%), from €8,000 to €0
- Gross operating margin +€157,914
up €157,914 (+50974.4%), from €310 to €158,223
- Taxes +€32,280
up €32,280 (+361475.8%), from €9 to €32,289
- Depreciation +€9,783
up €9,783 (+10464.7%), from €93 to €9,877
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 | €10,520 | €157,782 | +€147,263 | +1399.9% |
| Fixed assets | 21/28 | €732 | €46,866 | +€46,134 | +6301.4% |
| Tangible fixed assets | 22/27 | €732 | €46,866 | +€46,134 | +6301.4% |
| Plant, machinery and equipment | 23 | - | €3,542 | +€3,542 | |
| Furniture and vehicles | 24 | €732 | €43,324 | +€42,592 | +5817.5% |
| Current assets | 29/58 | €9,788 | €110,916 | +€101,129 | +1033.2% |
| Amounts receivable within one year | 40/41 | €6,003 | €26,935 | +€20,932 | +348.7% |
| Trade receivables | 40 | €4,880 | €23,574 | +€18,694 | +383.1% |
| Other amounts receivable | 41 | €1,123 | €3,361 | +€2,238 | +199.3% |
| Cash at bank and in hand | 54/58 | €3,785 | €83,768 | +€79,983 | +2113.4% |
| Deferred charges and accrued income | 490/1 | - | €213 | +€213 | |
| Total equity and liabilities | 10/49 | €10,520 | €157,782 | +€147,263 | +1399.9% |
| Equity | 10/15 | €2,511 | €117,293 | +€114,783 | +4571.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11 | €114,793 | +€114,783 | +1071734.0% |
| Amounts payable | 17/49 | €8,009 | €40,489 | +€32,480 | +405.5% |
| Amounts payable after more than one year | 17 | - | €30,779 | +€30,779 | |
| Financial debts | 170/4 | - | €30,779 | +€30,779 | |
| Amounts payable within one year | 42/48 | €8,009 | €9,710 | +€1,701 | +21.2% |
| Current portion of amounts payable after more than one year | 42 | - | €9,107 | +€9,107 | |
| Trade debts | 44 | - | €604 | +€604 | |
| Suppliers | 440/4 | - | €604 | +€604 | |
| Taxes, remuneration and social security | 45 | €9 | €0 | -€9 | -100.0% |
| Taxes | 450/3 | €9 | €0 | -€9 | -100.0% |
| Other amounts payable | 47/48 | €8,000 | €0 | -€8,000 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93 | €9,877 | +€9,783 | +10464.7% |
| Other operating charges | 640/8 | - | €356 | +€356 | |
| Non-recurring operating charges | 66A | - | €68 | +€68 | |
| Gross operating margin | 9900 | €310 | €158,223 | +€157,914 | +50974.4% |
| Operating profit (loss) | 9901 | €216 | €147,923 | +€147,706 | +68287.7% |
| Financial income | 75/76B | €0 | €567 | +€567 | +5674200.0% |
| Recurring financial income | 75 | €0 | €567 | +€567 | +5674200.0% |
| Financial charges | 65/66B | €197 | €1,419 | +€1,222 | +621.3% |
| Recurring financial charges | 65 | €197 | €1,419 | +€1,222 | +621.3% |
| Profit (loss) for the period before taxes | 9903 | €20 | €147,071 | +€147,052 | +748736.2% |
| Income taxes | 67/77 | €9 | €32,289 | +€32,280 | +361475.8% |
| Profit (loss) for the period | 9904 | €11 | €114,783 | +€114,772 | +1071634.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11 | €114,783 | +€114,772 | +1071634.0% |
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 1 October 2026 via checked.be.