EMERGIMMO: what changed
What changed
EMERGIMMO
NACE 43.240, Other construction installation
filed annual accounts (NBB)
Net result for the year
€35,883
2024 · €103,751-€67,869
Equity
€2.4m
2024 · €2.4m+€35,883
Cash
€281,765
2024 · €121,779+€159,986
Balance sheet total
€4.6m
2024 · €4.5m+€126,140
Largest movements
Assets
- Receivables within one year -€207,560
down €207,560 (-17.0%), from €1.2m to €1.0m
of which Other amounts receivable: -€157,787
- Tangible fixed assets +€177,865
up €177,865 (+10.6%), from €1.7m to €1.8m
of which Land and buildings: +€198,701
- Cash +€159,986
up €159,986 (+131%), from €121,779 to €281,765
mainly Receivables within one year (+€207,560) and Depreciation (+€204,614)
Equity and liabilities
- Debts after one year +€138,349
up €138,349 (+8.2%), from €1.7m to €1.8m
of which Financial debts: +€144,815
Income statement
- Depreciation +€126,952
up €126,952 (+163%), from €77,662 to €204,614
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€103,751
Other operating income
+€29,621
Services and other goods
-€12,750
Staff costs
+€18,279
Depreciation
-€126,952
Provisions
-€10,644
Other operating charges
-€5,448
Other operating items
+€4,247
Financial income
-€306
Financial charges
+€24,618
Taxes
+€11,560
Deferred taxes and other
-€93
Result 2025
€35,883
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€409,749
Investment
-€380,851
Financing
+€131,088
Cash 2024
€121,779
From operations (derived)
+€409,749
Net result for the year
+€35,883
Depreciation
+€204,614
Receivables within one year
+€207,560
Deferred charges and accrued income
+€2,523
Provisions
-€2,937
Trade debts
-€25,104
Tax, wage and social debts
-€12,899
Accrued charges and deferred income
+€110
Investment (derived)
-€380,851
Investment in fixed assets (net)
-€380,851
Financing
+€131,088
Debts after one year
+€138,349
Current portion of long-term debt
-€7,261
Cash 2025
€281,765
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,511,800 | €4,637,941 | +€126,140 | +2.8% |
| Fixed assets | 21/28 | €3,160,648 | €3,336,885 | +€176,237 | +5.6% |
| Tangible fixed assets | 22/27 | €1,670,280 | €1,848,144 | +€177,865 | +10.6% |
| Land and buildings | 22 | €1,491,857 | €1,690,558 | +€198,701 | +13.3% |
| Plant, machinery and equipment | 23 | €144,745 | €124,145 | -€20,600 | -14.2% |
| Furniture and vehicles | 24 | €33,678 | €33,442 | -€236 | -0.7% |
| Financial fixed assets | 28 | €1,490,368 | €1,488,741 | -€1,628 | -0.1% |
| Affiliated companies | 280/1 | €1,488,281 | €1,488,281 | = | 0.0% |
| Participating interests | 280 | €1,488,281 | €1,488,281 | = | 0.0% |
| Other financial fixed assets | 284/8 | €2,087 | €460 | -€1,628 | -78.0% |
| Amounts receivable and cash guarantees | 285/8 | €2,087 | €460 | -€1,628 | -78.0% |
| Current assets | 29/58 | €1,351,153 | €1,301,056 | -€50,097 | -3.7% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,222,788 | €1,015,228 | -€207,560 | -17.0% |
| Trade receivables | 40 | €49,964 | €190 | -€49,774 | -99.6% |
| Other amounts receivable | 41 | €1,172,825 | €1,015,038 | -€157,787 | -13.5% |
| Cash at bank and in hand | 54/58 | €121,779 | €281,765 | +€159,986 | +131% |
| Deferred charges and accrued income | 490/1 | €6,585 | €4,062 | -€2,523 | -38.3% |
| Total equity and liabilities | 10/49 | €4,511,800 | €4,637,941 | +€126,140 | +2.8% |
| Equity | 10/15 | €2,389,157 | €2,425,040 | +€35,883 | +1.5% |
| Contributions | 10/11 | €868,000 | €868,000 | = | 0.0% |
| Capital | 10 | €868,000 | - | -€868,000 | |
| Issued capital | 100 | €868,000 | - | -€868,000 | |
| Reserves | 13 | €107,501 | €107,003 | -€498 | -0.5% |
| Non-distributable reserves | 130/1 | €86,800 | €0 | -€86,800 | -100% |
| Legal reserve | 130 | €86,800 | - | -€86,800 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €20,701 | €20,203 | -€498 | -2.4% |
| Distributable reserves | 133 | - | €86,800 | +€86,800 | |
| Profit (loss) carried forward | 14 | €1,413,657 | €1,450,037 | +€36,381 | +2.6% |
| Provisions and deferred taxes | 16 | €3,421 | €484 | -€2,937 | -85.8% |
| Provisions for liabilities and charges | 160/5 | €2,771 | €0 | -€2,771 | -100% |
| Other liabilities and charges | 164/5 | €2,771 | €0 | -€2,771 | -100% |
| Deferred taxes | 168 | €650 | €484 | -€166 | -25.5% |
| Amounts payable | 17/49 | €2,119,222 | €2,212,417 | +€93,195 | +4.4% |
| Amounts payable after more than one year | 17 | €1,689,694 | €1,828,044 | +€138,349 | +8.2% |
| Financial debts | 170/4 | €988,243 | €1,133,059 | +€144,815 | +14.7% |
| Credit institutions | 173 | €988,243 | €1,133,059 | +€144,815 | +14.7% |
| Other amounts payable | 178/9 | €701,451 | €694,985 | -€6,466 | -0.9% |
| Amounts payable within one year | 42/48 | €429,528 | €384,263 | -€45,264 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €144,408 | €137,147 | -€7,261 | -5.0% |
| Trade debts | 44 | €256,555 | €231,451 | -€25,104 | -9.8% |
| Suppliers | 440/4 | €256,555 | €231,451 | -€25,104 | -9.8% |
| Taxes, remuneration and social security | 45 | €28,564 | €15,665 | -€12,899 | -45.2% |
| Taxes | 450/3 | €13,152 | €0 | -€13,152 | -100% |
| Remuneration and social security | 454/9 | €15,412 | €15,665 | +€253 | +1.6% |
| Accrued charges and deferred income | 492/3 | - | €110 | +€110 | |
| Operating income | 70/76A | €928,169 | €958,031 | +€29,862 | +3.2% |
| Turnover | 70 | €0 | - | = | |
| Other operating income | 74 | €919,360 | €948,981 | +€29,621 | +3.2% |
| Non-recurring operating income | 76A | €8,809 | €9,050 | +€241 | +2.7% |
| Operating charges | 60/66A | €679,671 | €813,181 | +€133,510 | +19.6% |
| Goods for resale, raw materials and consumables | 60 | €0 | - | = | |
| Purchases | 600/8 | €0 | - | = | |
| Services and other goods | 61 | €389,117 | €401,868 | +€12,750 | +3.3% |
| Remuneration, social security and pensions | 62 | €170,165 | €151,886 | -€18,279 | -10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,662 | €204,614 | +€126,952 | +163% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€13,415 | -€2,771 | +€10,644 | +79.3% |
| Other operating charges | 640/8 | €52,137 | €57,585 | +€5,448 | +10.4% |
| Non-recurring operating charges | 66A | €4,006 | €0 | -€4,006 | -100% |
| Operating profit (loss) | 9901 | €248,497 | €144,850 | -€103,647 | -41.7% |
| Financial income | 75/76B | €339 | €33 | -€306 | -90.4% |
| Recurring financial income | 75 | €339 | €33 | -€306 | -90.4% |
| Income from current assets | 751 | €3 | €2 | -€0 | -16.4% |
| Other financial income | 752/9 | €336 | €30 | -€306 | -91.0% |
| Financial charges | 65/66B | €114,969 | €90,351 | -€24,618 | -21.4% |
| Recurring financial charges | 65 | €114,969 | €90,351 | -€24,618 | -21.4% |
| Debt charges | 650 | €104,629 | €86,909 | -€17,720 | -16.9% |
| Other financial charges | 652/9 | €10,340 | €3,442 | -€6,898 | -66.7% |
| Profit (loss) for the period before taxes | 9903 | €133,867 | €54,532 | -€79,335 | -59.3% |
| Transfer from deferred taxes | 780 | €259 | €166 | -€93 | -36.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €30,375 | €18,815 | -€11,560 | -38.1% |
| Taxes | 670/3 | €30,676 | €18,815 | -€11,860 | -38.7% |
| Tax adjustments and reversals of tax provisions | 77 | €301 | €0 | -€301 | -100% |
| Profit (loss) for the period | 9904 | €103,751 | €35,883 | -€67,869 | -65.4% |
| Transfer from tax-exempt reserves | 789 | €720 | €498 | -€222 | -30.8% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €104,471 | €36,381 | -€68,091 | -65.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.