EBM CONSTRUCT: 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.
EBM CONSTRUCT
Largest movements
- Receivables within one year +€18,483
up €18,483 (+1,232%), from €1,500 to €19,983
of which Trade receivables: +€18,483
- Tangible fixed assets -€8,162
down €8,162 (-3.8%), from €213,804 to €205,642
of which Land and buildings: -€6,645
- Cash +€2,888
new in 2025: €2,888
mainly Short-term financial debts (+€47,135) and Depreciation (+€7,726)
- Short-term financial debts +€47,135
up €47,135 (+117%), from €40,365 to €87,500
- Trade debts -€19,230
down €19,230 (-64.3%), from €29,908 to €10,677
- Debts after one year -€17,672
down €17,672 (-22.8%), from €77,659 to €59,987
- Other debts +€4,830
up €4,830 (+22.6%), from €21,376 to €26,206
- Tax, wage and social debts -€3,994
down €3,994 (-49.4%), from €8,089 to €4,095
of which Taxes: -€3,994
- Gross operating margin +€25,411
up €25,411 (+175%), from €14,510 to €39,920
- Depreciation -€4,085
down €4,085 (-34.6%), from €11,812 to €7,726
- Other operating charges +€2,387
up €2,387 (+127%), from €1,882 to €4,269
- Financial charges +€2,244
up €2,244 (+10.7%), from €20,905 to €23,149
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 | €216,740 | €230,235 | +€13,495 | +6.2% |
| Fixed assets | 21/28 | €213,804 | €205,642 | -€8,162 | -3.8% |
| Tangible fixed assets | 22/27 | €213,804 | €205,642 | -€8,162 | -3.8% |
| Land and buildings | 22 | €211,543 | €204,898 | -€6,645 | -3.1% |
| Plant, machinery and equipment | 23 | €1,825 | €744 | -€1,081 | -59.2% |
| Furniture and vehicles | 24 | €436 | €0 | -€436 | -100% |
| Current assets | 29/58 | €2,936 | €24,593 | +€21,657 | +738% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,500 | €19,983 | +€18,483 | +1,232% |
| Trade receivables | 40 | €1,500 | €19,983 | +€18,483 | +1,232% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | - | €2,888 | +€2,888 | |
| Deferred charges and accrued income | 490/1 | €1,436 | €1,722 | +€286 | +19.9% |
| Total equity and liabilities | 10/49 | €216,740 | €230,235 | +€13,495 | +6.2% |
| Equity | 10/15 | €19,779 | €24,098 | +€4,319 | +21.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €5,498 | +€3,638 | +196% |
| 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 | - | €3,638 | +€3,638 | |
| Profit (loss) carried forward | 14 | -€681 | €0 | +€681 | |
| Amounts payable | 17/49 | €196,960 | €206,137 | +€9,176 | +4.7% |
| Amounts payable after more than one year | 17 | €77,659 | €59,987 | -€17,672 | -22.8% |
| Financial debts | 170/4 | €77,659 | €59,987 | -€17,672 | -22.8% |
| Amounts payable within one year | 42/48 | €117,784 | €146,150 | +€28,366 | +24.1% |
| Current portion of amounts payable after more than one year | 42 | €18,047 | €17,672 | -€375 | -2.1% |
| Financial debts | 43 | €40,365 | €87,500 | +€47,135 | +117% |
| Credit institutions | 430/8 | €40,365 | €87,500 | +€47,135 | +117% |
| Trade debts | 44 | €29,908 | €10,677 | -€19,230 | -64.3% |
| Suppliers | 440/4 | €29,908 | €10,677 | -€19,230 | -64.3% |
| Taxes, remuneration and social security | 45 | €8,089 | €4,095 | -€3,994 | -49.4% |
| Taxes | 450/3 | €8,089 | €4,095 | -€3,994 | -49.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €21,376 | €26,206 | +€4,830 | +22.6% |
| Accrued charges and deferred income | 492/3 | €1,518 | €0 | -€1,518 | -100% |
| Non-recurring operating income | 76A | €0 | €9,564 | +€9,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,812 | €7,726 | -€4,085 | -34.6% |
| Other operating charges | 640/8 | €1,882 | €4,269 | +€2,387 | +127% |
| Gross operating margin | 9900 | €14,510 | €39,920 | +€25,411 | +175% |
| Operating profit (loss) | 9901 | €816 | €27,925 | +€27,109 | +3,321% |
| Financial income | 75/76B | €13 | €5 | -€7 | -57.6% |
| Recurring financial income | 75 | €13 | €5 | -€7 | -57.6% |
| Financial charges | 65/66B | €20,905 | €23,149 | +€2,244 | +10.7% |
| Recurring financial charges | 65 | €20,905 | €23,149 | +€2,244 | +10.7% |
| Profit (loss) for the period before taxes | 9903 | -€20,076 | €4,781 | +€24,858 | |
| Income taxes | 67/77 | €497 | €463 | -€35 | -7.0% |
| Profit (loss) for the period | 9904 | -€20,574 | €4,319 | +€24,892 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,574 | €4,319 | +€24,892 |
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 19 October 2026 via checked.be.