Emre Hangisi Consultancy: 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.
Emre Hangisi Consultancy
Largest movements
- Receivables after one year +€80,000
up €80,000 (+364%), from €22,000 to €102,000
- Cash -€42,765
down €42,765 (-53.8%), from €79,534 to €36,770
mainly Receivables after one year (-€80,000) and Investment in fixed assets (net) (-€5,661)
- Reserves +€42,968
up €42,968 (+47.2%), from €90,939 to €133,907
- Tax, wage and social debts -€3,521
down €3,521 (-14.7%), from €24,010 to €20,489
- Gross operating margin -€17,144
down €17,144 (-21.9%), from €78,412 to €61,269
- Taxes -€3,481
down €3,481 (-21.5%), from €16,178 to €12,697
- Other operating charges +€1,828
up €1,828 (+788%), from €232 to €2,059
- Financial income +€1,000
up €1,000 (+182%), from €550 to €1,550
- Depreciation +€960
up €960 (+23.6%), from €4,059 to €5,019
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 | €122,750 | €160,816 | +€38,066 | +31.0% |
| Fixed assets | 21/28 | €5,970 | €6,611 | +€641 | +10.7% |
| Tangible fixed assets | 22/27 | €5,970 | €6,611 | +€641 | +10.7% |
| Plant, machinery and equipment | 23 | €1,969 | €3,531 | +€1,562 | +79.3% |
| Furniture and vehicles | 24 | €4,000 | €3,080 | -€921 | -23.0% |
| Current assets | 29/58 | €116,780 | €154,205 | +€37,425 | +32.0% |
| Amounts receivable after more than one year | 29 | €22,000 | €102,000 | +€80,000 | +364% |
| Other amounts receivable | 291 | €22,000 | €102,000 | +€80,000 | +364% |
| Amounts receivable within one year | 40/41 | €15,246 | €14,944 | -€303 | -2.0% |
| Trade receivables | 40 | €15,246 | €14,944 | -€303 | -2.0% |
| Cash at bank and in hand | 54/58 | €79,534 | €36,770 | -€42,765 | -53.8% |
| Deferred charges and accrued income | 490/1 | - | €492 | +€492 | |
| Total equity and liabilities | 10/49 | €122,750 | €160,816 | +€38,066 | +31.0% |
| Equity | 10/15 | €95,939 | €138,907 | +€42,968 | +44.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €90,939 | €133,907 | +€42,968 | +47.2% |
| Distributable reserves | 133 | €90,939 | €133,907 | +€42,968 | +47.2% |
| Amounts payable | 17/49 | €26,811 | €21,909 | -€4,902 | -18.3% |
| Amounts payable within one year | 42/48 | €26,811 | €21,909 | -€4,902 | -18.3% |
| Trade debts | 44 | €90 | - | -€90 | |
| Suppliers | 440/4 | €90 | - | -€90 | |
| Taxes, remuneration and social security | 45 | €24,010 | €20,489 | -€3,521 | -14.7% |
| Taxes | 450/3 | €24,010 | €20,489 | -€3,521 | -14.7% |
| Other amounts payable | 47/48 | €2,710 | €1,420 | -€1,290 | -47.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,059 | €5,019 | +€960 | +23.6% |
| Other operating charges | 640/8 | €232 | €2,059 | +€1,828 | +788% |
| Gross operating margin | 9900 | €78,412 | €61,269 | -€17,144 | -21.9% |
| Operating profit (loss) | 9901 | €74,121 | €54,190 | -€19,931 | -26.9% |
| Financial income | 75/76B | €550 | €1,550 | +€1,000 | +182% |
| Recurring financial income | 75 | €550 | €1,550 | +€1,000 | +182% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €74,598 | €55,665 | -€18,933 | -25.4% |
| Income taxes | 67/77 | €16,178 | €12,697 | -€3,481 | -21.5% |
| Profit (loss) for the period | 9904 | €58,419 | €42,968 | -€15,452 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €58,419 | €42,968 | -€15,452 | -26.4% |
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 29 October 2026 via checked.be.