Emendo 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.
Emendo Consult
Largest movements
- Receivables within one year -€34,968
down €34,968 (-96.4%), from €36,271 to €1,303
of which Trade receivables: -€34,848
- Tangible fixed assets -€18,957
down €18,957 (-84.5%), from €22,441 to €3,485
of which Other tangible fixed assets: -€21,521
- Cash -€14,943
down €14,943 (-18.4%), from €81,426 to €66,482
mainly Contributions, distributions and other (-€76,765) and Other debts (-€15,072)
- Profit (loss) carried forward -€49,739
down €49,739 (-82.2%), from €60,511 to €10,772
- Other debts -€15,072
down €15,072 (-22.5%), from €67,000 to €51,928
- Tax, wage and social debts -€2,356
down €2,356 (-30.8%), from €7,656 to €5,300
of which Taxes: -€2,589
- Gross operating margin -€23,693
down €23,693 (-36.2%), from €65,535 to €41,843
- Taxes -€4,212
down €4,212 (-32.7%), from €12,884 to €8,672
- Depreciation -€2,175
down €2,175 (-84.3%), from €2,581 to €406
- Financial charges +€1,063
up €1,063 (+34.6%), from €3,073 to €4,136
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 | €156,349 | €88,046 | -€68,303 | -43.7% |
| Fixed assets | 21/28 | €22,441 | €3,485 | -€18,957 | -84.5% |
| Tangible fixed assets | 22/27 | €22,441 | €3,485 | -€18,957 | -84.5% |
| Furniture and vehicles | 24 | €921 | €3,485 | +€2,564 | +278% |
| Other tangible fixed assets | 26 | €21,521 | €0 | -€21,521 | -100% |
| Current assets | 29/58 | €133,907 | €84,562 | -€49,346 | -36.9% |
| Amounts receivable within one year | 40/41 | €36,271 | €1,303 | -€34,968 | -96.4% |
| Trade receivables | 40 | €34,848 | €0 | -€34,848 | -100% |
| Other amounts receivable | 41 | €1,423 | €1,303 | -€120 | -8.4% |
| Current investments | 50/53 | €13,195 | €13,288 | +€93 | +0.7% |
| Cash at bank and in hand | 54/58 | €81,426 | €66,482 | -€14,943 | -18.4% |
| Deferred charges and accrued income | 490/1 | €3,016 | €3,487 | +€472 | +15.6% |
| Total equity and liabilities | 10/49 | €156,349 | €88,046 | -€68,303 | -43.7% |
| Equity | 10/15 | €79,111 | €29,372 | -€49,739 | -62.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,511 | €10,772 | -€49,739 | -82.2% |
| Amounts payable | 17/49 | €77,238 | €58,674 | -€18,564 | -24.0% |
| Amounts payable within one year | 42/48 | €77,090 | €58,564 | -€18,526 | -24.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €2,434 | €1,336 | -€1,098 | -45.1% |
| Suppliers | 440/4 | €2,434 | €1,336 | -€1,098 | -45.1% |
| Taxes, remuneration and social security | 45 | €7,656 | €5,300 | -€2,356 | -30.8% |
| Taxes | 450/3 | €7,656 | €5,067 | -€2,589 | -33.8% |
| Remuneration and social security | 454/9 | - | €233 | +€233 | |
| Other amounts payable | 47/48 | €67,000 | €51,928 | -€15,072 | -22.5% |
| Accrued charges and deferred income | 492/3 | €148 | €110 | -€38 | -25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,581 | €406 | -€2,175 | -84.3% |
| Other operating charges | 640/8 | €918 | €1,285 | +€367 | +39.9% |
| Non-recurring operating charges | 66A | - | €1,459 | +€1,459 | |
| Gross operating margin | 9900 | €65,535 | €41,843 | -€23,693 | -36.2% |
| Operating profit (loss) | 9901 | €62,036 | €38,692 | -€23,344 | -37.6% |
| Financial income | 75/76B | €536 | €1,142 | +€606 | +113% |
| Recurring financial income | 75 | €536 | €1,142 | +€606 | +113% |
| Financial charges | 65/66B | €3,073 | €4,136 | +€1,063 | +34.6% |
| Recurring financial charges | 65 | €3,073 | €4,136 | +€1,063 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €59,499 | €35,698 | -€23,801 | -40.0% |
| Income taxes | 67/77 | €12,884 | €8,672 | -€4,212 | -32.7% |
| Profit (loss) for the period | 9904 | €46,615 | €27,026 | -€19,589 | -42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,615 | €27,026 | -€19,589 | -42.0% |
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 28 October 2026 via checked.be.