EMM CONSULTING: 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.
EMM CONSULTING
Largest movements
- Tangible fixed assets -€799,158
down €799,158 (-36.8%), from €2.2m to €1.4m
of which Land and buildings: -€787,476
- Cash -€122,003
down €122,003 (-73.3%), from €166,366 to €44,363
mainly Debts after one year (-€802,787) and Trade debts (-€43,186)
- Receivables within one year +€39,032
up €39,032 (+5.6%), from €695,807 to €734,839
of which Other amounts receivable: +€69,728
- Debts after one year -€802,787
down €802,787 (-43.0%), from €1.9m to €1.1m
- Trade debts -€43,186
down €43,186 (-22.7%), from €190,086 to €146,899
- Gross operating margin -€54,127
down €54,127 (-23.7%), from €228,179 to €174,052
- Depreciation -€26,310
down €26,310 (-25.8%), from €102,138 to €75,828
- Taxes -€9,120
down €9,120 (-95.2%), from €9,579 to €459
- Other operating charges -€8,742
down €8,742 (-42.7%), from €20,491 to €11,749
- Financial charges +€8,027
up €8,027 (+9.5%), from €84,862 to €92,889
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 | €3,456,496 | €2,574,610 | -€881,885 | -25.5% |
| Fixed assets | 21/28 | €2,354,732 | €1,554,534 | -€800,198 | -34.0% |
| Tangible fixed assets | 22/27 | €2,171,767 | €1,372,609 | -€799,158 | -36.8% |
| Land and buildings | 22 | €2,126,202 | €1,338,726 | -€787,476 | -37.0% |
| Plant, machinery and equipment | 23 | €3,566 | €2,133 | -€1,433 | -40.2% |
| Furniture and vehicles | 24 | €14,458 | €11,070 | -€3,388 | -23.4% |
| Leasing and similar rights | 25 | €27,541 | €20,681 | -€6,860 | -24.9% |
| Financial fixed assets | 28 | €182,965 | €181,925 | -€1,040 | -0.6% |
| Current assets | 29/58 | €1,101,764 | €1,020,076 | -€81,687 | -7.4% |
| Amounts receivable after more than one year | 29 | €238,446 | €238,446 | = | 0.0% |
| Other amounts receivable | 291 | €238,446 | €238,446 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €695,807 | €734,839 | +€39,032 | +5.6% |
| Trade receivables | 40 | €333,029 | €302,334 | -€30,696 | -9.2% |
| Other amounts receivable | 41 | €362,778 | €432,506 | +€69,728 | +19.2% |
| Cash at bank and in hand | 54/58 | €166,366 | €44,363 | -€122,003 | -73.3% |
| Deferred charges and accrued income | 490/1 | €1,144 | €2,428 | +€1,284 | +112% |
| Total equity and liabilities | 10/49 | €3,456,496 | €2,574,610 | -€881,885 | -25.5% |
| Equity | 10/15 | €394,539 | €396,165 | +€1,626 | +0.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €388,339 | €389,965 | +€1,626 | +0.4% |
| Distributable reserves | 133 | €388,339 | €389,965 | +€1,626 | +0.4% |
| Amounts payable | 17/49 | €3,061,957 | €2,178,446 | -€883,511 | -28.9% |
| Amounts payable after more than one year | 17 | €1,865,827 | €1,063,040 | -€802,787 | -43.0% |
| Financial debts | 170/4 | €1,865,827 | €1,063,040 | -€802,787 | -43.0% |
| Amounts payable within one year | 42/48 | €1,196,130 | €1,104,202 | -€91,928 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €133,781 | €103,492 | -€30,288 | -22.6% |
| Financial debts | 43 | €71,534 | €97,911 | +€26,378 | +36.9% |
| Credit institutions | 430/8 | €6,761 | €28,364 | +€21,603 | +320% |
| Other loans | 439 | €64,772 | €69,547 | +€4,775 | +7.4% |
| Trade debts | 44 | €190,086 | €146,899 | -€43,186 | -22.7% |
| Suppliers | 440/4 | €190,086 | €146,899 | -€43,186 | -22.7% |
| Taxes, remuneration and social security | 45 | €19,826 | €5,359 | -€14,466 | -73.0% |
| Taxes | 450/3 | €19,826 | €5,359 | -€14,466 | -73.0% |
| Other amounts payable | 47/48 | €780,904 | €750,540 | -€30,364 | -3.9% |
| Accrued charges and deferred income | 492/3 | - | €11,204 | +€11,204 | |
| Non-recurring operating income | 76A | €12,434 | €53,787 | +€41,352 | +333% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,138 | €75,828 | -€26,310 | -25.8% |
| Other operating charges | 640/8 | €20,491 | €11,749 | -€8,742 | -42.7% |
| Gross operating margin | 9900 | €228,179 | €174,052 | -€54,127 | -23.7% |
| Operating profit (loss) | 9901 | €105,550 | €86,475 | -€19,075 | -18.1% |
| Financial income | 75/76B | €7,560 | €8,499 | +€939 | +12.4% |
| Recurring financial income | 75 | €7,560 | €8,499 | +€939 | +12.4% |
| Financial charges | 65/66B | €84,862 | €92,889 | +€8,027 | +9.5% |
| Recurring financial charges | 65 | €84,862 | €92,889 | +€8,027 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €28,248 | €2,084 | -€26,164 | -92.6% |
| Income taxes | 67/77 | €9,579 | €459 | -€9,120 | -95.2% |
| Profit (loss) for the period | 9904 | €18,669 | €1,626 | -€17,043 | -91.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,669 | €1,626 | -€17,043 | -91.3% |
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.