EMEF 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.
EMEF CONSTRUCT
Largest movements
- Cash -€33,796
down €33,796 (-100.0%), from €33,796 to €0
mainly Receivables within one year (-€18,812) and Tax, wage and social debts (-€9,476)
- Receivables within one year +€18,812
up €18,812 (+185.6%), from €10,134 to €28,946
of which Other amounts receivable: +€18,812
- Receivables after one year +€3,974
up €3,974 (+50.5%), from €7,874 to €11,848
- Tangible fixed assets -€697
down €697 (-72.6%), from €960 to €263
- Tax, wage and social debts -€9,476
down €9,476 (-100.0%), from €9,476 to €0
- Profit (loss) carried forward -€2,027
down €2,027 (-9.2%), from €22,064 to €20,037
- Gross operating margin +€1,776
up €1,776 (+72.3%), from -€2,458 to -€682
- Other operating charges -€103
down €103 (-14.5%), from €710 to €607
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 | €52,810 | €41,104 | -€11,706 | -22.2% |
| Fixed assets | 21/28 | €960 | €263 | -€697 | -72.6% |
| Tangible fixed assets | 22/27 | €960 | €263 | -€697 | -72.6% |
| Furniture and vehicles | 24 | €960 | €263 | -€697 | -72.6% |
| Current assets | 29/58 | €51,850 | €40,841 | -€11,009 | -21.2% |
| Amounts receivable after more than one year | 29 | €7,874 | €11,848 | +€3,974 | +50.5% |
| Other amounts receivable | 291 | €7,874 | €11,848 | +€3,974 | +50.5% |
| Amounts receivable within one year | 40/41 | €10,134 | €28,946 | +€18,812 | +185.6% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €10,134 | €28,946 | +€18,812 | +185.6% |
| Cash at bank and in hand | 54/58 | €33,796 | €0 | -€33,796 | -100.0% |
| Deferred charges and accrued income | 490/1 | €47 | €47 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €52,810 | €41,104 | -€11,706 | -22.2% |
| Equity | 10/15 | €42,064 | €40,037 | -€2,027 | -4.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,064 | €20,037 | -€2,027 | -9.2% |
| Amounts payable | 17/49 | €10,747 | €1,067 | -€9,679 | -90.1% |
| Amounts payable within one year | 42/48 | €10,747 | €1,067 | -€9,679 | -90.1% |
| Trade debts | 44 | €971 | €1,067 | +€97 | +10.0% |
| Suppliers | 440/4 | €971 | €1,067 | +€97 | +10.0% |
| Taxes, remuneration and social security | 45 | €9,476 | €0 | -€9,476 | -100.0% |
| Taxes | 450/3 | €9,476 | €0 | -€9,476 | -100.0% |
| Other amounts payable | 47/48 | €300 | €0 | -€300 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €697 | €697 | = | 0.0% |
| Other operating charges | 640/8 | €710 | €607 | -€103 | -14.5% |
| Gross operating margin | 9900 | -€2,458 | -€682 | +€1,776 | +72.3% |
| Operating profit (loss) | 9901 | -€3,866 | -€1,987 | +€1,879 | +48.6% |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | -€3,905 | -€2,027 | +€1,878 | +48.1% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€3,905 | -€2,027 | +€1,878 | +48.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,905 | -€2,027 | +€1,878 | +48.1% |
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 30 September 2026 via checked.be.