EMC Construction: 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.
EMC Construction
Largest movements
- Stocks and contracts +€239,979
up €239,979 (+125.1%), from €191,898 to €431,877
- Receivables within one year +€39,325
up €39,325 (+277.8%), from €14,154 to €53,479
of which Trade receivables: +€37,693
- Cash -€23,951
down €23,951 (-99.9%), from €23,973 to €23
mainly Stocks and contracts (-€239,979) and Other debts (-€126,577)
- Tangible fixed assets -€11,387
down €11,387 (-2.8%), from €404,960 to €393,573
of which Land and buildings: -€17,565
- Debts after one year +€273,885
up €273,885 (+83.9%), from €326,321 to €600,206
- Other debts -€126,577
down €126,577 (-84.5%), from €149,794 to €23,216
- Reserves +€77,405
up €77,405 (+116.1%), from €66,692 to €144,097
- Tax, wage and social debts +€13,923
up €13,923 (+74.8%), from €18,620 to €32,543
of which Taxes: +€11,713
- Gross operating margin +€122,644
up €122,644 (+430.6%), from €28,485 to €151,129
- Taxes +€26,005
up €26,005 (+411.1%), from €6,325 to €32,330
- Depreciation +€15,692
up €15,692 (+572.1%), from €2,743 to €18,435
- Financial charges +€11,333
up €11,333 (+303.0%), from €3,741 to €15,074
- Other operating charges +€5,436
up €5,436 (+222.0%), from €2,449 to €7,885
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 | €667,735 | €912,964 | +€245,229 | +36.7% |
| Fixed assets | 21/28 | €436,160 | €424,773 | -€11,387 | -2.6% |
| Tangible fixed assets | 22/27 | €404,960 | €393,573 | -€11,387 | -2.8% |
| Land and buildings | 22 | €402,646 | €385,080 | -€17,565 | -4.4% |
| Plant, machinery and equipment | 23 | €1,483 | €8,115 | +€6,632 | +447.3% |
| Furniture and vehicles | 24 | €832 | €378 | -€455 | -54.6% |
| Financial fixed assets | 28 | €31,200 | €31,200 | = | 0.0% |
| Current assets | 29/58 | €231,575 | €488,191 | +€256,616 | +110.8% |
| Stocks and contracts in progress | 3 | €191,898 | €431,877 | +€239,979 | +125.1% |
| Stocks | 30/36 | €191,898 | €431,877 | +€239,979 | +125.1% |
| Amounts receivable within one year | 40/41 | €14,154 | €53,479 | +€39,325 | +277.8% |
| Trade receivables | 40 | €5,043 | €42,736 | +€37,693 | +747.4% |
| Other amounts receivable | 41 | €9,111 | €10,742 | +€1,632 | +17.9% |
| Cash at bank and in hand | 54/58 | €23,973 | €23 | -€23,951 | -99.9% |
| Deferred charges and accrued income | 490/1 | €1,550 | €2,813 | +€1,263 | +81.5% |
| Total equity and liabilities | 10/49 | €667,735 | €912,964 | +€245,229 | +36.7% |
| Equity | 10/15 | €82,692 | €160,097 | +€77,405 | +93.6% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Reserves | 13 | €66,692 | €144,097 | +€77,405 | +116.1% |
| Distributable reserves | 133 | €66,692 | €144,097 | +€77,405 | +116.1% |
| Amounts payable | 17/49 | €585,043 | €752,867 | +€167,824 | +28.7% |
| Amounts payable after more than one year | 17 | €326,321 | €600,206 | +€273,885 | +83.9% |
| Financial debts | 170/4 | €326,321 | €600,206 | +€273,885 | +83.9% |
| Amounts payable within one year | 42/48 | €258,722 | €152,061 | -€106,661 | -41.2% |
| Current portion of amounts payable after more than one year | 42 | €83,883 | €87,023 | +€3,141 | +3.7% |
| Trade debts | 44 | €6,426 | €9,279 | +€2,853 | +44.4% |
| Suppliers | 440/4 | €6,426 | €9,279 | +€2,853 | +44.4% |
| Taxes, remuneration and social security | 45 | €18,620 | €32,543 | +€13,923 | +74.8% |
| Taxes | 450/3 | €18,620 | €30,333 | +€11,713 | +62.9% |
| Remuneration and social security | 454/9 | - | €2,210 | +€2,210 | |
| Other amounts payable | 47/48 | €149,794 | €23,216 | -€126,577 | -84.5% |
| Accrued charges and deferred income | 492/3 | - | €600 | +€600 | |
| Remuneration, social security and pensions | 62 | €1,038 | - | -€1,038 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,743 | €18,435 | +€15,692 | +572.1% |
| Other operating charges | 640/8 | €2,449 | €7,885 | +€5,436 | +222.0% |
| Gross operating margin | 9900 | €28,485 | €151,129 | +€122,644 | +430.6% |
| Operating profit (loss) | 9901 | €22,255 | €124,809 | +€102,554 | +460.8% |
| Financial charges | 65/66B | €3,741 | €15,074 | +€11,333 | +303.0% |
| Recurring financial charges | 65 | €3,741 | €15,074 | +€11,333 | +303.0% |
| Profit (loss) for the period before taxes | 9903 | €18,515 | €109,735 | +€91,220 | +492.7% |
| Income taxes | 67/77 | €6,325 | €32,330 | +€26,005 | +411.1% |
| Profit (loss) for the period | 9904 | €12,189 | €77,405 | +€65,215 | +535.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,189 | €77,405 | +€65,215 | +535.0% |
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 3 October 2026 via checked.be.