EMD CONSULTING: 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.
EMD CONSULTING
Largest movements
- Receivables within one year +€11,469
up €11,469 (+59.9%), from €19,159 to €30,628
of which Other amounts receivable: +€10,259
- Cash +€7,544
up €7,544 (+126%), from €6,007 to €13,551
mainly Net result for the year (+€25,471) and Trade debts (+€712)
- Tangible fixed assets +€2,780
new in 2025: €2,780
- Reserves +€24,638
up €24,638 (+201%), from €12,263 to €36,901
- Other debts -€3,114
down €3,114 (-78.9%), from €3,947 to €833
- Trade debts +€712
up €712 (+136%), from €522 to €1,233
- Gross operating margin +€11,669
up €11,669 (+53.9%), from €21,656 to €33,324
- Depreciation -€3,025
down €3,025 (-95.5%), from €3,166 to €141
- Taxes +€2,625
up €2,625 (+49.7%), from €5,283 to €7,908
- Financial income +€525
up €525 (+166%), from €316 to €841
- Other operating charges +€337
new in 2025: €337
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 | €25,666 | €47,469 | +€21,802 | +84.9% |
| Fixed assets | 21/28 | €500 | €3,280 | +€2,780 | +556% |
| Tangible fixed assets | 22/27 | - | €2,780 | +€2,780 | |
| Furniture and vehicles | 24 | - | €2,780 | +€2,780 | |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €25,166 | €44,189 | +€19,023 | +75.6% |
| Amounts receivable within one year | 40/41 | €19,159 | €30,628 | +€11,469 | +59.9% |
| Trade receivables | 40 | €7,260 | €8,470 | +€1,210 | +16.7% |
| Other amounts receivable | 41 | €11,899 | €22,158 | +€10,259 | +86.2% |
| Cash at bank and in hand | 54/58 | €6,007 | €13,551 | +€7,544 | +126% |
| Deferred charges and accrued income | 490/1 | - | €10 | +€10 | |
| Total equity and liabilities | 10/49 | €25,666 | €47,469 | +€21,802 | +84.9% |
| Equity | 10/15 | €14,263 | €38,901 | +€24,638 | +173% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €12,263 | €36,901 | +€24,638 | +201% |
| Distributable reserves | 133 | €12,263 | €36,901 | +€24,638 | +201% |
| Amounts payable | 17/49 | €11,403 | €8,568 | -€2,836 | -24.9% |
| Amounts payable within one year | 42/48 | €11,403 | €8,568 | -€2,836 | -24.9% |
| Trade debts | 44 | €522 | €1,233 | +€712 | +136% |
| Suppliers | 440/4 | €522 | €1,233 | +€712 | +136% |
| Taxes, remuneration and social security | 45 | €6,935 | €6,501 | -€433 | -6.3% |
| Taxes | 450/3 | €5,000 | €5,206 | +€207 | +4.1% |
| Remuneration and social security | 454/9 | €1,935 | €1,295 | -€640 | -33.1% |
| Other amounts payable | 47/48 | €3,947 | €833 | -€3,114 | -78.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,166 | €141 | -€3,025 | -95.5% |
| Other operating charges | 640/8 | - | €337 | +€337 | |
| Gross operating margin | 9900 | €21,656 | €33,324 | +€11,669 | +53.9% |
| Operating profit (loss) | 9901 | €18,490 | €32,846 | +€14,356 | +77.6% |
| Financial income | 75/76B | €316 | €841 | +€525 | +166% |
| Recurring financial income | 75 | €316 | €841 | +€525 | +166% |
| Financial charges | 65/66B | €402 | €308 | -€94 | -23.4% |
| Recurring financial charges | 65 | €402 | €308 | -€94 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €18,405 | €33,379 | +€14,974 | +81.4% |
| Income taxes | 67/77 | €5,283 | €7,908 | +€2,625 | +49.7% |
| Profit (loss) for the period | 9904 | €13,122 | €25,471 | +€12,349 | +94.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,122 | €25,471 | +€12,349 | +94.1% |
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 19 October 2026 via checked.be.