GD-EMF-Consulting: what changed
GD-EMF-Consulting
Largest movements
- Cash -€15,327
down €15,327 (-31.2%), from €49,128 to €33,801
mainly Investment in fixed assets (net) (-€12,647) and Receivables within one year (-€10,398)
- Receivables within one year +€10,398
up €10,398 (+11.0%), from €94,558 to €104,956
of which Trade receivables: +€6,563
- Tangible fixed assets +€8,343
up €8,343 (+172%), from €4,858 to €13,201
of which Furniture and vehicles: +€9,427
- Deferred charges and accrued income +€2,067
up €2,067 (+132%), from €1,569 to €3,637
- Trade debts +€6,591
up €6,591 (+104%), from €6,347 to €12,937
- Tax, wage and social debts -€6,166
down €6,166 (-51.4%), from €12,007 to €5,841
- Reserves +€5,057
up €5,057 (+5.0%), from €100,535 to €105,592
- Gross operating margin -€9,873
down €9,873 (-35.2%), from €28,030 to €18,157
- Taxes -€3,035
down €3,035 (-32.9%), from €9,213 to €6,179
- Other operating charges -€2,047
down €2,047 (-77.7%), from €2,634 to €587
- Depreciation +€1,710
up €1,710 (+65.9%), from €2,594 to €4,304
- Financial charges -€588
down €588 (-22.4%), from €2,619 to €2,031
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,113 | €155,595 | +€5,482 | +3.7% |
| Fixed assets | 21/28 | €4,858 | €13,201 | +€8,343 | +172% |
| Tangible fixed assets | 22/27 | €4,858 | €13,201 | +€8,343 | +172% |
| Plant, machinery and equipment | 23 | €2,450 | €1,366 | -€1,084 | -44.2% |
| Furniture and vehicles | 24 | €2,408 | €11,835 | +€9,427 | +392% |
| Current assets | 29/58 | €145,255 | €142,394 | -€2,861 | -2.0% |
| Amounts receivable within one year | 40/41 | €94,558 | €104,956 | +€10,398 | +11.0% |
| Trade receivables | 40 | €7,637 | €14,200 | +€6,563 | +85.9% |
| Other amounts receivable | 41 | €86,921 | €90,756 | +€3,835 | +4.4% |
| Cash at bank and in hand | 54/58 | €49,128 | €33,801 | -€15,327 | -31.2% |
| Deferred charges and accrued income | 490/1 | €1,569 | €3,637 | +€2,067 | +132% |
| Total equity and liabilities | 10/49 | €150,113 | €155,595 | +€5,482 | +3.7% |
| Equity | 10/15 | €131,759 | €136,816 | +€5,057 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100,535 | €105,592 | +€5,057 | +5.0% |
| Distributable reserves | 133 | €100,535 | €105,592 | +€5,057 | +5.0% |
| Profit (loss) carried forward | 14 | €25,024 | €25,024 | = | 0.0% |
| Amounts payable | 17/49 | €18,354 | €18,779 | +€425 | +2.3% |
| Amounts payable within one year | 42/48 | €18,354 | €18,779 | +€425 | +2.3% |
| Trade debts | 44 | €6,347 | €12,937 | +€6,591 | +104% |
| Suppliers | 440/4 | €6,347 | €12,937 | +€6,591 | +104% |
| Taxes, remuneration and social security | 45 | €12,007 | €5,841 | -€6,166 | -51.4% |
| Taxes | 450/3 | €12,007 | €5,841 | -€6,166 | -51.4% |
| Non-recurring operating income | 76A | - | €578 | +€578 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,594 | €4,304 | +€1,710 | +65.9% |
| Other operating charges | 640/8 | €2,634 | €587 | -€2,047 | -77.7% |
| Gross operating margin | 9900 | €28,030 | €18,157 | -€9,873 | -35.2% |
| Operating profit (loss) | 9901 | €22,802 | €13,266 | -€9,536 | -41.8% |
| Financial income | 75/76B | €7 | €1 | -€6 | -88.4% |
| Recurring financial income | 75 | €7 | €1 | -€6 | -88.4% |
| Financial charges | 65/66B | €2,619 | €2,031 | -€588 | -22.4% |
| Recurring financial charges | 65 | €2,619 | €2,031 | -€588 | -22.4% |
| Profit (loss) for the period before taxes | 9903 | €20,190 | €11,236 | -€8,954 | -44.3% |
| Income taxes | 67/77 | €9,213 | €6,179 | -€3,035 | -32.9% |
| Profit (loss) for the period | 9904 | €10,977 | €5,057 | -€5,920 | -53.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,977 | €5,057 | -€5,920 | -53.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.