EMBO 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.
EMBO CONSTRUCT
Largest movements
- Receivables within one year -€28,088
down €28,088 (-18.3%), from €153,828 to €125,740
of which Other amounts receivable: -€23,261
- Stocks and contracts -€6,306
down €6,306 (-57.3%), from €11,009 to €4,704
of which Contracts in progress: -€3,538
- Cash -€4,310
down €4,310 (-64.8%), from €6,652 to €2,342
mainly Net result for the year (-€32,641) and Tax, wage and social debts (-€8,335)
- Reserves -€28,337
down €28,337 (-20.6%), from €137,305 to €108,967
- Tax, wage and social debts -€8,335
down €8,335 (-92.5%), from €9,010 to €674
of which Remuneration and social security: -€7,385
- Profit (loss) carried forward -€4,304
new in 2025: -€4,304
- Other debts +€3,570
up €3,570 (+122%), from €2,915 to €6,485
- Trade debts -€2,783
down €2,783 (-68.4%), from €4,069 to €1,286
- Staff costs -€30,684
down €30,684 (-76.4%), from €40,150 to €9,467
- Gross operating margin -€14,742
down €14,742 (-1,368%), from -€1,078 to -€15,819
- Financial charges +€3,402
up €3,402 (+975%), from €349 to €3,751
- Other operating charges -€1,392
down €1,392 (-59.6%), from €2,337 to €944
- Depreciation +€785
up €785 (+44.7%), from €1,758 to €2,543
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 | €178,098 | €137,909 | -€40,190 | -22.6% |
| Fixed assets | 21/28 | €6,020 | €4,535 | -€1,486 | -24.7% |
| Tangible fixed assets | 22/27 | €6,020 | €4,535 | -€1,486 | -24.7% |
| Furniture and vehicles | 24 | €6,020 | €4,535 | -€1,486 | -24.7% |
| Current assets | 29/58 | €172,078 | €133,374 | -€38,704 | -22.5% |
| Stocks and contracts in progress | 3 | €11,009 | €4,704 | -€6,306 | -57.3% |
| Stocks | 30/36 | €7,472 | €4,704 | -€2,768 | -37.0% |
| Contracts in progress | 37 | €3,538 | €0 | -€3,538 | -100% |
| Amounts receivable within one year | 40/41 | €153,828 | €125,740 | -€28,088 | -18.3% |
| Trade receivables | 40 | €16,416 | €11,589 | -€4,827 | -29.4% |
| Other amounts receivable | 41 | €137,412 | €114,151 | -€23,261 | -16.9% |
| Cash at bank and in hand | 54/58 | €6,652 | €2,342 | -€4,310 | -64.8% |
| Deferred charges and accrued income | 490/1 | €588 | €588 | = | 0.0% |
| Total equity and liabilities | 10/49 | €178,098 | €137,909 | -€40,190 | -22.6% |
| Equity | 10/15 | €162,105 | €129,464 | -€32,641 | -20.1% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €137,305 | €108,967 | -€28,337 | -20.6% |
| Distributable reserves | 133 | €137,305 | €108,967 | -€28,337 | -20.6% |
| Profit (loss) carried forward | 14 | - | -€4,304 | -€4,304 | |
| Amounts payable | 17/49 | €15,994 | €8,445 | -€7,549 | -47.2% |
| Amounts payable within one year | 42/48 | €15,994 | €8,445 | -€7,549 | -47.2% |
| Trade debts | 44 | €4,069 | €1,286 | -€2,783 | -68.4% |
| Suppliers | 440/4 | €4,069 | €1,286 | -€2,783 | -68.4% |
| Taxes, remuneration and social security | 45 | €9,010 | €674 | -€8,335 | -92.5% |
| Taxes | 450/3 | €1,625 | €674 | -€950 | -58.5% |
| Remuneration and social security | 454/9 | €7,385 | €0 | -€7,385 | -100% |
| Other amounts payable | 47/48 | €2,915 | €6,485 | +€3,570 | +122% |
| Remuneration, social security and pensions | 62 | €40,150 | €9,467 | -€30,684 | -76.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,758 | €2,543 | +€785 | +44.7% |
| Other operating charges | 640/8 | €2,337 | €944 | -€1,392 | -59.6% |
| Gross operating margin | 9900 | -€1,078 | -€15,819 | -€14,742 | -1,368% |
| Operating profit (loss) | 9901 | -€45,322 | -€28,774 | +€16,549 | +36.5% |
| Financial income | 75/76B | €102 | €0 | -€102 | -100% |
| Recurring financial income | 75 | €102 | €0 | -€102 | -100% |
| Financial charges | 65/66B | €349 | €3,751 | +€3,402 | +975% |
| Recurring financial charges | 65 | €349 | €3,751 | +€3,402 | +975% |
| Profit (loss) for the period before taxes | 9903 | -€45,569 | -€32,525 | +€13,044 | +28.6% |
| Income taxes | 67/77 | €174 | €116 | -€58 | -33.2% |
| Profit (loss) for the period | 9904 | -€45,743 | -€32,641 | +€13,102 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€45,743 | -€32,641 | +€13,102 | +28.6% |
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.