EMR 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.
EMR CONSTRUCT
Largest movements
- Cash +€108,292
up €108,292 (+63.5%), from €170,669 to €278,961
mainly Net result for the year (+€237,896) and Other debts (+€131,750)
- Receivables within one year +€20,518
up €20,518 (+7.8%), from €263,001 to €283,519
of which Other amounts receivable: +€102,258
- Tangible fixed assets -€11,533
down €11,533 (-2.1%), from €561,658 to €550,125
of which Plant, machinery and equipment: -€14,002
- Profit (loss) carried forward +€137,896
up €137,896 (+71.5%), from €192,766 to €330,662
- Other debts +€131,750
new in 2025: €131,750
- Trade debts -€81,804
down €81,804 (-47.5%), from €172,291 to €90,487
- Debts after one year -€53,625
down €53,625 (-14.9%), from €359,033 to €305,409
- Tax, wage and social debts +€50,248
up €50,248 (+68.0%), from €73,908 to €124,157
of which Taxes: +€45,573
- Gross operating margin +€523,002
up €523,002 (+91.4%), from €572,200 to €1.1m
- Staff costs +€120,730
up €120,730 (+24.8%), from €487,165 to €607,895
- Taxes +€82,733
up €82,733 (+10321.5%), from €802 to €83,535
- Financial charges +€50,796
up €50,796 (+174.9%), from €29,036 to €79,832
- Depreciation +€12,954
up €12,954 (+18.1%), from €71,572 to €84,526
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 | €1,019,341 | €1,141,350 | +€122,009 | +12.0% |
| Fixed assets | 21/28 | €580,683 | €569,150 | -€11,533 | -2.0% |
| Tangible fixed assets | 22/27 | €561,658 | €550,125 | -€11,533 | -2.1% |
| Land and buildings | 22 | €372,575 | €364,574 | -€8,001 | -2.1% |
| Plant, machinery and equipment | 23 | €75,278 | €61,276 | -€14,002 | -18.6% |
| Furniture and vehicles | 24 | €112,699 | €123,469 | +€10,770 | +9.6% |
| Other tangible fixed assets | 26 | €1,106 | €806 | -€300 | -27.1% |
| Financial fixed assets | 28 | €19,025 | €19,025 | = | 0.0% |
| Current assets | 29/58 | €438,658 | €572,200 | +€133,542 | +30.4% |
| Amounts receivable within one year | 40/41 | €263,001 | €283,519 | +€20,518 | +7.8% |
| Trade receivables | 40 | €157,792 | €76,052 | -€81,740 | -51.8% |
| Other amounts receivable | 41 | €105,209 | €207,467 | +€102,258 | +97.2% |
| Cash at bank and in hand | 54/58 | €170,669 | €278,961 | +€108,292 | +63.5% |
| Deferred charges and accrued income | 490/1 | €4,988 | €9,720 | +€4,732 | +94.9% |
| Total equity and liabilities | 10/49 | €1,019,341 | €1,141,350 | +€122,009 | +12.0% |
| Equity | 10/15 | €297,766 | €385,662 | +€87,896 | +29.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Distributable reserves | 133 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Profit (loss) carried forward | 14 | €192,766 | €330,662 | +€137,896 | +71.5% |
| Amounts payable | 17/49 | €721,575 | €755,688 | +€34,113 | +4.7% |
| Amounts payable after more than one year | 17 | €359,033 | €305,409 | -€53,625 | -14.9% |
| Financial debts | 170/4 | €359,033 | €305,409 | -€53,625 | -14.9% |
| Amounts payable within one year | 42/48 | €362,542 | €450,280 | +€87,738 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €116,343 | €79,742 | -€36,601 | -31.5% |
| Trade debts | 44 | €172,291 | €90,487 | -€81,804 | -47.5% |
| Suppliers | 440/4 | €172,291 | €90,487 | -€81,804 | -47.5% |
| Advances received on contracts in progress | 46 | - | €24,144 | +€24,144 | |
| Taxes, remuneration and social security | 45 | €73,908 | €124,157 | +€50,248 | +68.0% |
| Taxes | 450/3 | €56,212 | €101,785 | +€45,573 | +81.1% |
| Remuneration and social security | 454/9 | €17,696 | €22,372 | +€4,676 | +26.4% |
| Other amounts payable | 47/48 | - | €131,750 | +€131,750 | |
| Remuneration, social security and pensions | 62 | €487,165 | €607,895 | +€120,730 | +24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,572 | €84,526 | +€12,954 | +18.1% |
| Other operating charges | 640/8 | €6,161 | €5,091 | -€1,069 | -17.4% |
| Gross operating margin | 9900 | €572,200 | €1,095,202 | +€523,002 | +91.4% |
| Operating profit (loss) | 9901 | €7,301 | €397,690 | +€390,388 | +5346.8% |
| Financial income | 75/76B | €6 | €3,573 | +€3,567 | +59253.7% |
| Recurring financial income | 75 | €6 | €3,573 | +€3,567 | +59253.7% |
| Financial charges | 65/66B | €29,036 | €79,832 | +€50,796 | +174.9% |
| Recurring financial charges | 65 | €29,036 | €79,832 | +€50,796 | +174.9% |
| Profit (loss) for the period before taxes | 9903 | -€21,729 | €321,430 | +€343,160 | |
| Income taxes | 67/77 | €802 | €83,535 | +€82,733 | +10321.5% |
| Profit (loss) for the period | 9904 | -€22,531 | €237,896 | +€260,426 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,531 | €237,896 | +€260,426 |
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 10 October 2026 via checked.be.