EMP 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.
EMP Construct
Largest movements
- Stocks and contracts +€1.8m
new in 2023: €1.8m
- Receivables within one year -€1.2m
down €1.2m (-72.2%), from €1.7m to €478,862
of which Trade receivables: -€1.1m
- Cash -€258,894
down €258,894 (-95.6%), from €270,918 to €12,025
mainly Stocks and contracts (-€1.8m) and Trade debts (-€912,880)
- Other debts +€1.9m
up €1.9m (+973.1%), from €194,050 to €2.1m
- Trade debts -€912,880
down €912,880 (-84.0%), from €1.1m to €174,116
- Advances received -€565,000
no longer reported in 2023 (was €565,000)
- Profit (loss) carried forward -€79,966
down €79,966, from €44,678 to -€35,288
- Gross operating margin -€291,817
down €291,817, from €217,744 to -€74,073
- Other operating charges -€42,169
down €42,169 (-97.7%), from €43,173 to €1,004
- Taxes -€30,415
down €30,415 (-94.2%), from €32,283 to €1,868
- Staff costs -€29,450
down €29,450 (-98.6%), from €29,877 to €427
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,990,994 | €2,306,347 | +€315,353 | +15.8% |
| Current assets | 29/58 | €1,990,994 | €2,306,347 | +€315,353 | +15.8% |
| Stocks and contracts in progress | 3 | - | €1,814,900 | +€1.8m | |
| Stocks | 30/36 | - | €1,814,900 | +€1.8m | |
| Amounts receivable within one year | 40/41 | €1,720,076 | €478,862 | -€1.2m | -72.2% |
| Trade receivables | 40 | €1,603,663 | €457,510 | -€1.1m | -71.5% |
| Other amounts receivable | 41 | €116,413 | €21,352 | -€95,061 | -81.7% |
| Cash at bank and in hand | 54/58 | €270,918 | €12,025 | -€258,894 | -95.6% |
| Deferred charges and accrued income | 490/1 | - | €561 | +€561 | |
| Total equity and liabilities | 10/49 | €1,990,994 | €2,306,347 | +€315,353 | +15.8% |
| Equity | 10/15 | €64,678 | -€15,288 | -€79,966 | |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,678 | -€35,288 | -€79,966 | |
| Amounts payable | 17/49 | €1,926,316 | €2,321,636 | +€395,319 | +20.5% |
| Amounts payable after more than one year | 17 | €17,841 | €17,841 | = | 0.0% |
| Financial debts | 170/4 | €17,841 | €17,841 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,908,475 | €2,303,794 | +€395,319 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €12,185 | €2,032 | -€10,153 | -83.3% |
| Financial debts | 43 | - | €108 | +€108 | |
| Credit institutions | 430/8 | - | €108 | +€108 | |
| Trade debts | 44 | €1,086,996 | €174,116 | -€912,880 | -84.0% |
| Suppliers | 440/4 | €1,086,996 | €174,116 | -€912,880 | -84.0% |
| Advances received on contracts in progress | 46 | €565,000 | - | -€565,000 | |
| Taxes, remuneration and social security | 45 | €50,244 | €45,267 | -€4,976 | -9.9% |
| Taxes | 450/3 | €46,506 | €45,267 | -€1,238 | -2.7% |
| Remuneration and social security | 454/9 | €3,738 | - | -€3,738 | |
| Other amounts payable | 47/48 | €194,050 | €2,082,270 | +€1.9m | +973.1% |
| Non-recurring operating income | 76A | €69,077 | - | -€69,077 | |
| Remuneration, social security and pensions | 62 | €29,877 | €427 | -€29,450 | -98.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,556 | - | -€1,556 | |
| Other operating charges | 640/8 | €43,173 | €1,004 | -€42,169 | -97.7% |
| Non-recurring operating charges | 66A | €33,236 | - | -€33,236 | |
| Gross operating margin | 9900 | €217,744 | -€74,073 | -€291,817 | |
| Operating profit (loss) | 9901 | €109,903 | -€75,504 | -€185,407 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.9% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.9% |
| Financial charges | 65/66B | €1,925 | €2,594 | +€669 | +34.7% |
| Recurring financial charges | 65 | €1,925 | €2,594 | +€669 | +34.7% |
| Profit (loss) for the period before taxes | 9903 | €107,988 | -€78,098 | -€186,086 | |
| Income taxes | 67/77 | €32,283 | €1,868 | -€30,415 | -94.2% |
| Profit (loss) for the period | 9904 | €75,705 | -€79,966 | -€155,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €75,705 | -€79,966 | -€155,671 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.