EMDH 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.
EMDH Consult
Largest movements
- Cash -€57,249
down €57,249 (-40.4%), from €141,699 to €84,450
mainly Contributions, distributions and other (-€40,425) and Other debts (-€33,402)
- Receivables within one year +€5,936
up €5,936 (+32.5%), from €18,278 to €24,214
of which Trade receivables: +€8,587
- Tangible fixed assets +€4,359
up €4,359 (+149%), from €2,930 to €7,288
of which Furniture and vehicles: +€3,908
- Deferred charges and accrued income -€2,119
down €2,119 (-46.2%), from €4,589 to €2,469
- Other debts -€33,402
down €33,402 (-48.4%), from €68,969 to €35,568
- Reserves -€17,370
down €17,370 (-19.2%), from €90,425 to €73,055
- Tax, wage and social debts +€3,248
up €3,248 (+50.7%), from €6,400 to €9,648
- Gross operating margin +€40,242
up €40,242, from -€12,312 to €27,930
- Taxes +€2,951
up €2,951 (+1,661%), from €178 to €3,129
- Write-downs -€800
down €800 (-100%), from €800 to €0
- Financial income -€489
down €489 (-52.2%), from €937 to €448
- Depreciation +€286
up €286 (+23.3%), from €1,230 to €1,516
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 | €167,496 | €118,422 | -€49,074 | -29.3% |
| Fixed assets | 21/28 | €2,930 | €7,288 | +€4,359 | +149% |
| Tangible fixed assets | 22/27 | €2,930 | €7,288 | +€4,359 | +149% |
| Furniture and vehicles | 24 | €1,500 | €5,409 | +€3,908 | +260% |
| Other tangible fixed assets | 26 | €1,429 | €1,880 | +€450 | +31.5% |
| Current assets | 29/58 | €164,566 | €111,134 | -€53,432 | -32.5% |
| Amounts receivable within one year | 40/41 | €18,278 | €24,214 | +€5,936 | +32.5% |
| Trade receivables | 40 | €6,175 | €14,762 | +€8,587 | +139% |
| Other amounts receivable | 41 | €12,104 | €9,452 | -€2,651 | -21.9% |
| Cash at bank and in hand | 54/58 | €141,699 | €84,450 | -€57,249 | -40.4% |
| Deferred charges and accrued income | 490/1 | €4,589 | €2,469 | -€2,119 | -46.2% |
| Total equity and liabilities | 10/49 | €167,496 | €118,422 | -€49,074 | -29.3% |
| Equity | 10/15 | €90,525 | €73,155 | -€17,370 | -19.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €90,425 | €73,055 | -€17,370 | -19.2% |
| Distributable reserves | 133 | €90,425 | €73,055 | -€17,370 | -19.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €76,971 | €45,268 | -€31,703 | -41.2% |
| Amounts payable within one year | 42/48 | €76,971 | €45,268 | -€31,703 | -41.2% |
| Financial debts | 43 | €253 | €52 | -€201 | -79.3% |
| Other loans | 439 | €253 | €52 | -€201 | -79.3% |
| Trade debts | 44 | €1,348 | €0 | -€1,348 | -100% |
| Suppliers | 440/4 | €1,348 | €0 | -€1,348 | -100% |
| Taxes, remuneration and social security | 45 | €6,400 | €9,648 | +€3,248 | +50.7% |
| Taxes | 450/3 | €6,400 | €9,648 | +€3,248 | +50.7% |
| Other amounts payable | 47/48 | €68,969 | €35,568 | -€33,402 | -48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,230 | €1,516 | +€286 | +23.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €800 | €0 | -€800 | -100% |
| Other operating charges | 640/8 | €542 | €599 | +€57 | +10.5% |
| Gross operating margin | 9900 | -€12,312 | €27,930 | +€40,242 | |
| Operating profit (loss) | 9901 | -€14,884 | €25,815 | +€40,699 | |
| Financial income | 75/76B | €937 | €448 | -€489 | -52.2% |
| Recurring financial income | 75 | €937 | €448 | -€489 | -52.2% |
| Financial charges | 65/66B | €80 | €80 | -€0 | -0.2% |
| Recurring financial charges | 65 | €80 | €80 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,027 | €26,183 | +€40,211 | |
| Income taxes | 67/77 | €178 | €3,129 | +€2,951 | +1,661% |
| Profit (loss) for the period | 9904 | -€14,205 | €23,055 | +€37,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,205 | €23,055 | +€37,259 |
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.