EGC 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.
EGC CONSTRUCT
Largest movements
- Receivables within one year +€274,550
up €274,550 (+161.9%), from €169,608 to €444,158
of which Trade receivables: +€264,252
- Financial fixed assets -€55,034
down €55,034 (-32.7%), from €168,555 to €113,521
- Cash -€21,516
down €21,516 (-35.3%), from €60,987 to €39,471
mainly Receivables within one year (-€274,550) and Tax, wage and social debts (-€15,194)
- Trade debts +€161,618
up €161,618 (+140.4%), from €115,118 to €276,736
of which Suppliers: +€155,444
- Reserves +€43,950
up €43,950 (+23.7%), from €185,796 to €229,746
- Tax, wage and social debts -€15,194
down €15,194 (-36.2%), from €41,978 to €26,784
of which Taxes: -€23,372
- Other debts +€14,134
up €14,134 (+141.4%), from €9,995 to €24,129
- Debts after one year -€9,505
down €9,505 (-50.5%), from €18,811 to €9,305
- Gross operating margin -€32,765
down €32,765 (-15.7%), from €209,114 to €176,349
- Taxes -€6,666
down €6,666 (-22.4%), from €29,759 to €23,092
- Staff costs +€5,677
up €5,677 (+7.2%), from €79,045 to €84,722
- Depreciation -€5,313
down €5,313 (-50.0%), from €10,616 to €5,303
- Other operating charges -€3,210
down €3,210 (-26.2%), from €12,248 to €9,038
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.
Cash bridge derived
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 | €417,233 | €612,793 | +€195,560 | +46.9% |
| Fixed assets | 21/28 | €183,218 | €123,421 | -€59,797 | -32.6% |
| Tangible fixed assets | 22/27 | €14,662 | €9,900 | -€4,762 | -32.5% |
| Plant, machinery and equipment | 23 | €2,817 | €3,160 | +€343 | +12.2% |
| Furniture and vehicles | 24 | €11,845 | €6,740 | -€5,105 | -43.1% |
| Financial fixed assets | 28 | €168,555 | €113,521 | -€55,034 | -32.7% |
| Current assets | 29/58 | €234,016 | €489,372 | +€255,356 | +109.1% |
| Amounts receivable within one year | 40/41 | €169,608 | €444,158 | +€274,550 | +161.9% |
| Trade receivables | 40 | €150,000 | €414,251 | +€264,252 | +176.2% |
| Other amounts receivable | 41 | €19,609 | €29,907 | +€10,298 | +52.5% |
| Cash at bank and in hand | 54/58 | €60,987 | €39,471 | -€21,516 | -35.3% |
| Deferred charges and accrued income | 490/1 | €3,420 | €5,743 | +€2,323 | +67.9% |
| Total equity and liabilities | 10/49 | €417,233 | €612,793 | +€195,560 | +46.9% |
| Equity | 10/15 | €221,883 | €265,833 | +€43,950 | +19.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €185,796 | €229,746 | +€43,950 | +23.7% |
| Distributable reserves | 133 | €185,796 | €229,746 | +€43,950 | +23.7% |
| Profit (loss) carried forward | 14 | €26,087 | €26,087 | = | 0.0% |
| Amounts payable | 17/49 | €195,350 | €346,960 | +€151,610 | +77.6% |
| Amounts payable after more than one year | 17 | €18,811 | €9,305 | -€9,505 | -50.5% |
| Financial debts | 170/4 | €18,811 | €9,305 | -€9,505 | -50.5% |
| Amounts payable within one year | 42/48 | €176,540 | €337,155 | +€160,615 | +91.0% |
| Current portion of amounts payable after more than one year | 42 | €9,448 | €9,505 | +€58 | +0.6% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €115,118 | €276,736 | +€161,618 | +140.4% |
| Suppliers | 440/4 | €115,118 | €270,562 | +€155,444 | +135.0% |
| Bills of exchange payable | 441 | - | €6,174 | +€6,174 | |
| Taxes, remuneration and social security | 45 | €41,978 | €26,784 | -€15,194 | -36.2% |
| Taxes | 450/3 | €28,303 | €4,930 | -€23,372 | -82.6% |
| Remuneration and social security | 454/9 | €13,675 | €21,854 | +€8,179 | +59.8% |
| Other amounts payable | 47/48 | €9,995 | €24,129 | +€14,134 | +141.4% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €79,045 | €84,722 | +€5,677 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,616 | €5,303 | -€5,313 | -50.0% |
| Other operating charges | 640/8 | €12,248 | €9,038 | -€3,210 | -26.2% |
| Gross operating margin | 9900 | €209,114 | €176,349 | -€32,765 | -15.7% |
| Operating profit (loss) | 9901 | €107,204 | €77,286 | -€29,918 | -27.9% |
| Financial income | 75/76B | €1,020 | €37 | -€983 | -96.4% |
| Recurring financial income | 75 | €1,020 | €37 | -€983 | -96.4% |
| Financial charges | 65/66B | €10,157 | €10,281 | +€124 | +1.2% |
| Recurring financial charges | 65 | €10,157 | €10,281 | +€124 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €98,067 | €67,042 | -€31,026 | -31.6% |
| Income taxes | 67/77 | €29,759 | €23,092 | -€6,666 | -22.4% |
| Profit (loss) for the period | 9904 | €68,309 | €43,950 | -€24,359 | -35.7% |
| Profit (loss) for the period to be appropriated | 9905 | €68,309 | €43,950 | -€24,359 | -35.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.