EMJ Conseils: 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.
EMJ Conseils
Largest movements
- Cash -€50,628
down €50,628 (-36.1%), from €140,359 to €89,731
mainly Contributions, distributions and other (-€95,294) and Tax, wage and social debts (-€4,513)
- Receivables within one year +€2,585
up €2,585 (+10.7%), from €24,104 to €26,689
of which Other amounts receivable: +€17,105
- Profit (loss) carried forward -€41,074
down €41,074, from €35,473 to -€5,601
- Tax, wage and social debts -€4,513
down €4,513 (-27.7%), from €16,308 to €11,795
- Gross operating margin +€22,118
up €22,118 (+43.2%), from €51,258 to €73,377
- Taxes +€10,774
up €10,774 (+167.9%), from €6,416 to €17,189
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 | €167,919 | €120,981 | -€46,938 | -28.0% |
| Fixed assets | 21/28 | €3,235 | €4,560 | +€1,325 | +41.0% |
| Tangible fixed assets | 22/27 | €3,235 | €4,560 | +€1,325 | +41.0% |
| Furniture and vehicles | 24 | €3,235 | €4,560 | +€1,325 | +41.0% |
| Current assets | 29/58 | €164,684 | €116,421 | -€48,263 | -29.3% |
| Amounts receivable within one year | 40/41 | €24,104 | €26,689 | +€2,585 | +10.7% |
| Trade receivables | 40 | €14,520 | €0 | -€14,520 | -100.0% |
| Other amounts receivable | 41 | €9,584 | €26,689 | +€17,105 | +178.5% |
| Cash at bank and in hand | 54/58 | €140,359 | €89,731 | -€50,628 | -36.1% |
| Deferred charges and accrued income | 490/1 | €221 | €0 | -€221 | -100.0% |
| Total equity and liabilities | 10/49 | €167,919 | €120,981 | -€46,938 | -28.0% |
| Equity | 10/15 | €148,973 | €107,899 | -€41,074 | -27.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €112,500 | €112,500 | = | 0.0% |
| Distributable reserves | 133 | €112,500 | €112,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,473 | -€5,601 | -€41,074 | |
| Amounts payable | 17/49 | €18,945 | €13,082 | -€5,864 | -30.9% |
| Amounts payable within one year | 42/48 | €18,945 | €13,082 | -€5,864 | -30.9% |
| Trade debts | 44 | €2,627 | €982 | -€1,645 | -62.6% |
| Suppliers | 440/4 | €2,627 | €982 | -€1,645 | -62.6% |
| Taxes, remuneration and social security | 45 | €16,308 | €11,795 | -€4,513 | -27.7% |
| Taxes | 450/3 | €16,308 | €11,795 | -€4,513 | -27.7% |
| Other amounts payable | 47/48 | €10 | €304 | +€294 | +2940.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €1,454 | +€204 | +16.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €51,258 | €73,377 | +€22,118 | +43.2% |
| Operating profit (loss) | 9901 | €49,621 | €71,523 | +€21,902 | +44.1% |
| Financial income | 75/76B | €0 | €11 | +€11 | +54950.0% |
| Recurring financial income | 75 | €0 | €11 | +€11 | +54950.0% |
| Financial charges | 65/66B | €114 | €125 | +€12 | +10.2% |
| Recurring financial charges | 65 | €114 | €125 | +€12 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €49,507 | €71,409 | +€21,901 | +44.2% |
| Income taxes | 67/77 | €6,416 | €17,189 | +€10,774 | +167.9% |
| Profit (loss) for the period | 9904 | €43,092 | €54,220 | +€11,128 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €43,092 | €54,220 | +€11,128 | +25.8% |
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 11 October 2026 via checked.be.