E.M.G. CONSTRUCT: what changed
Two fiscal 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.
E.M.G. CONSTRUCT
Largest movements
- Receivables within one year -€430,406
down €430,406 (-56.9%), from €756,881 to €326,475
of which Trade receivables: -€444,415
- Cash -€310,524
down €310,524 (-56.0%), from €554,251 to €243,726
mainly Trade debts (-€399,746) and Net result for the year (-€235,705)
- Stocks and contracts +€18,812
new in 2024: €18,812
- Trade debts -€399,746
down €399,746 (-87.8%), from €455,438 to €55,692
- Profit (loss) carried forward -€235,705
down €235,705 (-33.8%), from €696,590 to €460,885
- Advances received -€37,603
down €37,603 (-54.9%), from €68,540 to €30,937
- Tax, wage and social debts -€31,415
down €31,415 (-21.5%), from €146,389 to €114,973
of which Remuneration and social security: -€15,781
- Debts after one year -€22,399
down €22,399 (-10.7%), from €209,661 to €187,262
- Turnover -€3.1m
down €3.1m (-86.5%), from €3.5m to €478,233
- Purchases and services -€2.1m
down €2.1m (-80.7%), from €2.6m to €493,996
- Gross operating margin -€996,597
down €996,597, from €980,834 to -€15,763
- Taxes -€170,542
down €170,542 (-90.8%), from €187,864 to €17,322
- Staff costs -€43,737
down €43,737 (-20.7%), from €210,788 to €167,051
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,659,140 | €931,058 | -€728,082 | -43.9% |
| Fixed assets | 21/28 | €346,891 | €342,044 | -€4,846 | -1.4% |
| Tangible fixed assets | 22/27 | €346,106 | €341,259 | -€4,846 | -1.4% |
| Land and buildings | 22 | €273,972 | €276,193 | +€2,221 | +0.8% |
| Plant, machinery and equipment | 23 | €61,374 | €58,799 | -€2,575 | -4.2% |
| Furniture and vehicles | 24 | €10,759 | €6,267 | -€4,493 | -41.8% |
| Financial fixed assets | 28 | €785 | €785 | = | 0.0% |
| Current assets | 29/58 | €1,312,250 | €589,014 | -€723,236 | -55.1% |
| Stocks and contracts in progress | 3 | - | €18,812 | +€18,812 | |
| Stocks | 30/36 | - | €18,812 | +€18,812 | |
| Amounts receivable within one year | 40/41 | €756,881 | €326,475 | -€430,406 | -56.9% |
| Trade receivables | 40 | €711,027 | €266,613 | -€444,415 | -62.5% |
| Other amounts receivable | 41 | €45,854 | €59,863 | +€14,009 | +30.6% |
| Cash at bank and in hand | 54/58 | €554,251 | €243,726 | -€310,524 | -56.0% |
| Deferred charges and accrued income | 490/1 | €1,117 | - | -€1,117 | |
| Total equity and liabilities | 10/49 | €1,659,140 | €931,058 | -€728,082 | -43.9% |
| Equity | 10/15 | €754,650 | €518,945 | -€235,705 | -31.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,860 | €51,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €696,590 | €460,885 | -€235,705 | -33.8% |
| Amounts payable | 17/49 | €904,490 | €412,112 | -€492,378 | -54.4% |
| Amounts payable after more than one year | 17 | €209,661 | €187,262 | -€22,399 | -10.7% |
| Financial debts | 170/4 | €209,661 | €187,262 | -€22,399 | -10.7% |
| Amounts payable within one year | 42/48 | €693,979 | €224,000 | -€469,979 | -67.7% |
| Current portion of amounts payable after more than one year | 42 | €23,613 | €22,399 | -€1,214 | -5.1% |
| Trade debts | 44 | €455,438 | €55,692 | -€399,746 | -87.8% |
| Suppliers | 440/4 | €455,438 | €55,692 | -€399,746 | -87.8% |
| Advances received on contracts in progress | 46 | €68,540 | €30,937 | -€37,603 | -54.9% |
| Taxes, remuneration and social security | 45 | €146,389 | €114,973 | -€31,415 | -21.5% |
| Taxes | 450/3 | €123,781 | €108,146 | -€15,635 | -12.6% |
| Remuneration and social security | 454/9 | €22,608 | €6,827 | -€15,781 | -69.8% |
| Accrued charges and deferred income | 492/3 | €850 | €850 | = | 0.0% |
| Turnover | 70 | €3,546,335 | €478,233 | -€3.1m | -86.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,565,501 | €493,996 | -€2.1m | -80.7% |
| Remuneration, social security and pensions | 62 | €210,788 | €167,051 | -€43,737 | -20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,794 | €16,726 | +€1,932 | +13.1% |
| Other operating charges | 640/8 | €9,353 | €9,131 | -€222 | -2.4% |
| Gross operating margin | 9900 | €980,834 | -€15,763 | -€996,597 | |
| Operating profit (loss) | 9901 | €745,898 | -€208,671 | -€954,569 | |
| Financial income | 75/76B | €320 | €322 | +€2 | +0.6% |
| Recurring financial income | 75 | €320 | €322 | +€2 | +0.6% |
| Financial charges | 65/66B | €12,781 | €10,034 | -€2,747 | -21.5% |
| Recurring financial charges | 65 | €12,781 | €10,034 | -€2,747 | -21.5% |
| Profit (loss) for the period before taxes | 9903 | €733,437 | -€218,383 | -€951,820 | |
| Income taxes | 67/77 | €187,864 | €17,322 | -€170,542 | -90.8% |
| Profit (loss) for the period | 9904 | €545,573 | -€235,705 | -€781,277 | |
| Profit (loss) for the period to be appropriated | 9905 | €545,573 | -€235,705 | -€781,277 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.