EMH 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.
EMH Consult
Largest movements
- Cash +€76,853
up €76,853 (+45.0%), from €170,855 to €247,708
mainly Net result for the year (+€115,167) and Depreciation (+€25,522)
- Tangible fixed assets -€25,522
down €25,522 (-51.7%), from €49,365 to €23,843
- Receivables within one year +€6,503
up €6,503 (+13.3%), from €48,840 to €55,344
of which Other amounts receivable: +€4,519
- Reserves +€106,948
up €106,948 (+116%), from €91,929 to €198,877
- Other debts -€62,458
down €62,458 (-97.7%), from €63,959 to €1,501
- Profit (loss) carried forward +€8,219
up €8,219 (+7.7%), from €106,948 to €115,167
- Trade debts +€5,126
up €5,126 (+390%), from €1,315 to €6,441
- Other operating charges -€8,702
down €8,702 (-95.6%), from €9,102 to €400
- Taxes +€3,707
up €3,707 (+10.7%), from €34,649 to €38,356
- Financial charges -€3,484
down €3,484 (-75.4%), from €4,619 to €1,136
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 | €269,151 | €326,986 | +€57,835 | +21.5% |
| Fixed assets | 21/28 | €49,456 | €23,934 | -€25,522 | -51.6% |
| Tangible fixed assets | 22/27 | €49,365 | €23,843 | -€25,522 | -51.7% |
| Furniture and vehicles | 24 | €49,365 | €23,843 | -€25,522 | -51.7% |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €219,695 | €303,052 | +€83,356 | +37.9% |
| Amounts receivable within one year | 40/41 | €48,840 | €55,344 | +€6,503 | +13.3% |
| Trade receivables | 40 | €21,364 | €23,349 | +€1,984 | +9.3% |
| Other amounts receivable | 41 | €27,476 | €31,995 | +€4,519 | +16.4% |
| Cash at bank and in hand | 54/58 | €170,855 | €247,708 | +€76,853 | +45.0% |
| Total equity and liabilities | 10/49 | €269,151 | €326,986 | +€57,835 | +21.5% |
| Equity | 10/15 | €203,877 | €319,044 | +€115,167 | +56.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €91,929 | €198,877 | +€106,948 | +116% |
| Distributable reserves | 133 | €91,929 | €198,877 | +€106,948 | +116% |
| Profit (loss) carried forward | 14 | €106,948 | €115,167 | +€8,219 | +7.7% |
| Amounts payable | 17/49 | €65,274 | €7,942 | -€57,333 | -87.8% |
| Amounts payable within one year | 42/48 | €65,274 | €7,942 | -€57,333 | -87.8% |
| Trade debts | 44 | €1,315 | €6,441 | +€5,126 | +390% |
| Suppliers | 440/4 | €1,315 | €6,441 | +€5,126 | +390% |
| Other amounts payable | 47/48 | €63,959 | €1,501 | -€62,458 | -97.7% |
| Non-recurring operating income | 76A | €2,460 | - | -€2,460 | |
| Remuneration, social security and pensions | 62 | €4,738 | €3,864 | -€874 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,522 | €25,522 | = | 0.0% |
| Other operating charges | 640/8 | €9,102 | €400 | -€8,702 | -95.6% |
| Gross operating margin | 9900 | €185,575 | €184,444 | -€1,130 | -0.6% |
| Operating profit (loss) | 9901 | €146,213 | €154,659 | +€8,446 | +5.8% |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,619 | €1,136 | -€3,484 | -75.4% |
| Recurring financial charges | 65 | €4,619 | €1,136 | -€3,484 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €141,597 | €153,523 | +€11,926 | +8.4% |
| Income taxes | 67/77 | €34,649 | €38,356 | +€3,707 | +10.7% |
| Profit (loss) for the period | 9904 | €106,948 | €115,167 | +€8,219 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €106,948 | €115,167 | +€8,219 | +7.7% |
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 27 October 2026 via checked.be.