EML 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.
EML CONSTRUCT
Largest movements
- Stocks and contracts +€30,000
up €30,000 (+37.5%), from €80,000 to €110,000
- Receivables within one year -€21,241
down €21,241 (-31.8%), from €66,763 to €45,521
of which Trade receivables: -€24,121
- Cash -€14,353
down €14,353 (-37.9%), from €37,862 to €23,510
mainly Other debts (-€31,275) and Stocks and contracts (-€30,000)
- Tangible fixed assets -€2,961
down €2,961 (-3.8%), from €77,925 to €74,963
of which Plant, machinery and equipment: -€8,502
- Other debts -€31,275
down €31,275 (-15.8%), from €197,533 to €166,258
- Reserves +€23,536
up €23,536 (+169.8%), from €13,861 to €37,397
- Accrued charges and deferred income +€14,731
up €14,731 (+350.9%), from €4,198 to €18,929
- Trade debts -€14,020
down €14,020 (-42.7%), from €32,856 to €18,837
- Other operating charges +€4,724
up €4,724 (+415.5%), from €1,137 to €5,860
- Taxes +€3,509
up €3,509 (+89.6%), from €3,916 to €7,425
- Gross operating margin +€2,223
up €2,223 (+4.2%), from €52,791 to €55,013
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 | €262,550 | €256,426 | -€6,124 | -2.3% |
| Fixed assets | 21/28 | €77,925 | €74,963 | -€2,961 | -3.8% |
| Tangible fixed assets | 22/27 | €77,925 | €74,963 | -€2,961 | -3.8% |
| Land and buildings | 22 | €33,688 | €30,054 | -€3,634 | -10.8% |
| Plant, machinery and equipment | 23 | €24,186 | €15,684 | -€8,502 | -35.2% |
| Furniture and vehicles | 24 | €20,050 | €29,226 | +€9,175 | +45.8% |
| Current assets | 29/58 | €184,625 | €181,463 | -€3,163 | -1.7% |
| Stocks and contracts in progress | 3 | €80,000 | €110,000 | +€30,000 | +37.5% |
| Stocks | 30/36 | €80,000 | €110,000 | +€30,000 | +37.5% |
| Amounts receivable within one year | 40/41 | €66,763 | €45,521 | -€21,241 | -31.8% |
| Trade receivables | 40 | €66,423 | €42,302 | -€24,121 | -36.3% |
| Other amounts receivable | 41 | €339 | €3,219 | +€2,880 | +848.3% |
| Cash at bank and in hand | 54/58 | €37,862 | €23,510 | -€14,353 | -37.9% |
| Deferred charges and accrued income | 490/1 | - | €2,431 | +€2,431 | |
| Total equity and liabilities | 10/49 | €262,550 | €256,426 | -€6,124 | -2.3% |
| Equity | 10/15 | €14,861 | €38,397 | +€23,536 | +158.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €13,861 | €37,397 | +€23,536 | +169.8% |
| Distributable reserves | 133 | €13,861 | €37,397 | +€23,536 | +169.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €247,689 | €218,029 | -€29,660 | -12.0% |
| Amounts payable within one year | 42/48 | €243,490 | €199,100 | -€44,391 | -18.2% |
| Trade debts | 44 | €32,856 | €18,837 | -€14,020 | -42.7% |
| Suppliers | 440/4 | €32,856 | €18,837 | -€14,020 | -42.7% |
| Taxes, remuneration and social security | 45 | €13,101 | €14,005 | +€904 | +6.9% |
| Taxes | 450/3 | €13,101 | €14,005 | +€904 | +6.9% |
| Other amounts payable | 47/48 | €197,533 | €166,258 | -€31,275 | -15.8% |
| Accrued charges and deferred income | 492/3 | €4,198 | €18,929 | +€14,731 | +350.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,033 | €18,046 | +€13 | +0.1% |
| Other operating charges | 640/8 | €1,137 | €5,860 | +€4,724 | +415.5% |
| Non-recurring operating charges | 66A | €10,320 | €0 | -€10,320 | -100.0% |
| Gross operating margin | 9900 | €52,791 | €55,013 | +€2,223 | +4.2% |
| Operating profit (loss) | 9901 | €23,301 | €31,107 | +€7,805 | +33.5% |
| Financial income | 75/76B | €70 | €54 | -€17 | -23.4% |
| Recurring financial income | 75 | €70 | €54 | -€17 | -23.4% |
| Financial charges | 65/66B | €388 | €199 | -€189 | -48.6% |
| Recurring financial charges | 65 | €388 | €199 | -€189 | -48.6% |
| Profit (loss) for the period before taxes | 9903 | €22,984 | €30,961 | +€7,977 | +34.7% |
| Income taxes | 67/77 | €3,916 | €7,425 | +€3,509 | +89.6% |
| Profit (loss) for the period | 9904 | €19,068 | €23,536 | +€4,468 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,068 | €23,536 | +€4,468 | +23.4% |
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 9 October 2026 via checked.be.