EMAAR CONSULT: 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.
EMAAR CONSULT
Largest movements
- Receivables within one year +€24,997
up €24,997 (+342%), from €7,316 to €32,313
of which Trade receivables: +€20,934
- Cash -€20,190
down €20,190 (-45.4%), from €44,504 to €24,314
mainly Receivables within one year (-€24,997) and Investment in fixed assets (net) (-€17,851)
- Tangible fixed assets +€15,237
new in 2024: €15,237
- Profit (loss) carried forward +€22,870
up €22,870 (+56.6%), from €40,398 to €63,268
- Other debts -€3,500
down €3,500 (-89.3%), from €3,921 to €421
- Tax, wage and social debts +€3,380
new in 2024: €3,380
- Trade debts -€2,707
down €2,707 (-49.2%), from €5,501 to €2,795
- Gross operating margin -€21,947
down €21,947 (-44.8%), from €48,937 to €26,990
- Taxes -€8,000
no longer reported in 2024 (was €8,000)
- Depreciation +€2,614
new in 2024: €2,614
- Other operating charges +€1,108
up €1,108 (+301%), from €368 to €1,476
From the 2023 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,820 | €71,864 | +€20,044 | +38.7% |
| Fixed assets | 21/28 | - | €15,237 | +€15,237 | |
| Tangible fixed assets | 22/27 | - | €15,237 | +€15,237 | |
| Furniture and vehicles | 24 | - | €15,237 | +€15,237 | |
| Current assets | 29/58 | €51,820 | €56,627 | +€4,807 | +9.3% |
| Amounts receivable within one year | 40/41 | €7,316 | €32,313 | +€24,997 | +342% |
| Trade receivables | 40 | €3,586 | €24,520 | +€20,934 | +584% |
| Other amounts receivable | 41 | €3,730 | €7,793 | +€4,063 | +109% |
| Cash at bank and in hand | 54/58 | €44,504 | €24,314 | -€20,190 | -45.4% |
| Total equity and liabilities | 10/49 | €51,820 | €71,864 | +€20,044 | +38.7% |
| Equity | 10/15 | €42,398 | €65,268 | +€22,870 | +53.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,398 | €63,268 | +€22,870 | +56.6% |
| Amounts payable | 17/49 | €9,422 | €6,596 | -€2,826 | -30.0% |
| Amounts payable within one year | 42/48 | €9,422 | €6,596 | -€2,826 | -30.0% |
| Trade debts | 44 | €5,501 | €2,795 | -€2,707 | -49.2% |
| Suppliers | 440/4 | €5,501 | €2,795 | -€2,707 | -49.2% |
| Taxes, remuneration and social security | 45 | - | €3,380 | +€3,380 | |
| Remuneration and social security | 454/9 | - | €3,380 | +€3,380 | |
| Other amounts payable | 47/48 | €3,921 | €421 | -€3,500 | -89.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,614 | +€2,614 | |
| Other operating charges | 640/8 | €368 | €1,476 | +€1,108 | +301% |
| Gross operating margin | 9900 | €48,937 | €26,990 | -€21,947 | -44.8% |
| Operating profit (loss) | 9901 | €48,569 | €22,900 | -€25,669 | -52.9% |
| Financial charges | 65/66B | €171 | €30 | -€141 | -82.4% |
| Recurring financial charges | 65 | €171 | €30 | -€141 | -82.4% |
| Profit (loss) for the period before taxes | 9903 | €48,398 | €22,870 | -€25,528 | -52.7% |
| Income taxes | 67/77 | €8,000 | - | -€8,000 | |
| Profit (loss) for the period | 9904 | €40,398 | €22,870 | -€17,528 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €40,398 | €22,870 | -€17,528 | -43.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.