EMF 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.
EMF CONSULTING
Largest movements
- Receivables within one year +€12,601
up €12,601 (+73.7%), from €17,092 to €29,693
of which Trade receivables: +€12,621
- Cash -€3,305
down €3,305 (-7.0%), from €47,081 to €43,776
mainly Contributions, distributions and other (-€95,000) and Tax, wage and social debts (-€21,868)
- Tangible fixed assets -€2,757
down €2,757 (-1.9%), from €144,784 to €142,027
- Other debts +€68,996
up €68,996 (+265.3%), from €26,004 to €95,000
- Profit (loss) carried forward -€22,541
down €22,541 (-98.1%), from €22,966 to €425
- Tax, wage and social debts -€21,868
down €21,868 (-63.6%), from €34,362 to €12,494
- Debts after one year -€10,861
down €10,861 (-13.6%), from €79,799 to €68,938
- Trade debts -€8,229
down €8,229 (-24.0%), from €34,248 to €26,019
- Gross operating margin +€40,261
up €40,261 (+54.1%), from €74,406 to €114,667
- Taxes +€17,231
up €17,231 (+141.9%), from €12,140 to €29,371
- Depreciation +€1,292
up €1,292 (+16.8%), from €7,694 to €8,986
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 | €210,699 | €215,737 | +€5,038 | +2.4% |
| Fixed assets | 21/28 | €144,784 | €142,027 | -€2,757 | -1.9% |
| Tangible fixed assets | 22/27 | €144,784 | €142,027 | -€2,757 | -1.9% |
| Land and buildings | 22 | €144,784 | €142,027 | -€2,757 | -1.9% |
| Current assets | 29/58 | €65,915 | €73,710 | +€7,795 | +11.8% |
| Amounts receivable within one year | 40/41 | €17,092 | €29,693 | +€12,601 | +73.7% |
| Trade receivables | 40 | €17,071 | €29,693 | +€12,621 | +73.9% |
| Other amounts receivable | 41 | €20 | - | -€20 | |
| Cash at bank and in hand | 54/58 | €47,081 | €43,776 | -€3,305 | -7.0% |
| Deferred charges and accrued income | 490/1 | €1,742 | €241 | -€1,501 | -86.2% |
| Total equity and liabilities | 10/49 | €210,699 | €215,737 | +€5,038 | +2.4% |
| Equity | 10/15 | €24,966 | €2,425 | -€22,541 | -90.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,966 | €425 | -€22,541 | -98.1% |
| Amounts payable | 17/49 | €185,732 | €213,312 | +€27,580 | +14.8% |
| Amounts payable after more than one year | 17 | €79,799 | €68,938 | -€10,861 | -13.6% |
| Financial debts | 170/4 | €79,799 | €68,938 | -€10,861 | -13.6% |
| Amounts payable within one year | 42/48 | €105,164 | €144,374 | +€39,209 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €10,551 | €10,861 | +€310 | +2.9% |
| Trade debts | 44 | €34,248 | €26,019 | -€8,229 | -24.0% |
| Suppliers | 440/4 | €34,248 | €26,019 | -€8,229 | -24.0% |
| Taxes, remuneration and social security | 45 | €34,362 | €12,494 | -€21,868 | -63.6% |
| Taxes | 450/3 | €34,362 | €12,494 | -€21,868 | -63.6% |
| Other amounts payable | 47/48 | €26,004 | €95,000 | +€68,996 | +265.3% |
| Accrued charges and deferred income | 492/3 | €769 | - | -€769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,694 | €8,986 | +€1,292 | +16.8% |
| Other operating charges | 640/8 | €949 | €1,116 | +€166 | +17.5% |
| Gross operating margin | 9900 | €74,406 | €114,667 | +€40,261 | +54.1% |
| Operating profit (loss) | 9901 | €65,763 | €104,566 | +€38,803 | +59.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,037 | €2,736 | -€300 | -9.9% |
| Recurring financial charges | 65 | €3,037 | €2,736 | -€300 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €62,726 | €101,830 | +€39,104 | +62.3% |
| Income taxes | 67/77 | €12,140 | €29,371 | +€17,231 | +141.9% |
| Profit (loss) for the period | 9904 | €50,586 | €72,459 | +€21,873 | +43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,586 | €72,459 | +€21,873 | +43.2% |
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 8 October 2026 via checked.be.