EMS 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.
EMS CONSTRUCT
Largest movements
- Cash -€55,408
down €55,408 (-84.0%), from €65,980 to €10,573
- Tangible fixed assets +€45,379
up €45,379 (+286%), from €15,888 to €61,267
of which Furniture and vehicles: +€47,085
- Receivables within one year -€36,014
down €36,014 (-69.4%), from €51,906 to €15,892
of which Trade receivables: -€38,071
- Stocks and contracts -€1,693
down €1,693 (-48.5%), from €3,493 to €1,800
- Trade debts -€28,382
down €28,382 (-95.0%), from €29,876 to €1,494
- Debts after one year -€10,159
down €10,159 (-13.7%), from €74,073 to €63,914
of which Financial debts: -€10,159
- Tax, wage and social debts -€4,650
down €4,650 (-90.5%), from €5,138 to €487
of which Remuneration and social security: -€3,999
- Other debts -€2,721
down €2,721 (-34.6%), from €7,862 to €5,141
- Depreciation +€13,939
up €13,939 (+334%), from €4,169 to €18,108
- Gross operating margin +€9,022
up €9,022 (+15.5%), from €58,349 to €67,372
- Staff costs +€5,774
up €5,774 (+16.0%), from €36,100 to €41,874
- Financial charges +€5,536
up €5,536 (+840%), from €659 to €6,196
of which Non-recurring financial charges: +€4,000
- Other operating charges +€1,644
up €1,644 (+206%), from €800 to €2,444
From the 2023 result to the 2024 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,116 | €91,468 | -€46,648 | -33.8% |
| Fixed assets | 21/28 | €15,888 | €61,267 | +€45,379 | +286% |
| Tangible fixed assets | 22/27 | €15,888 | €61,267 | +€45,379 | +286% |
| Plant, machinery and equipment | 23 | €3,217 | €1,511 | -€1,706 | -53.0% |
| Furniture and vehicles | 24 | €12,671 | €59,756 | +€47,085 | +372% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €122,228 | €30,201 | -€92,027 | -75.3% |
| Stocks and contracts in progress | 3 | €3,493 | €1,800 | -€1,693 | -48.5% |
| Stocks | 30/36 | €3,493 | €1,800 | -€1,693 | -48.5% |
| Amounts receivable within one year | 40/41 | €51,906 | €15,892 | -€36,014 | -69.4% |
| Trade receivables | 40 | €49,280 | €11,208 | -€38,071 | -77.3% |
| Other amounts receivable | 41 | €2,626 | €4,684 | +€2,058 | +78.4% |
| Cash at bank and in hand | 54/58 | €65,980 | €10,573 | -€55,408 | -84.0% |
| Deferred charges and accrued income | 490/1 | €849 | €1,937 | +€1,087 | +128% |
| Total equity and liabilities | 10/49 | €138,116 | €91,468 | -€46,648 | -33.8% |
| Equity | 10/15 | €14,741 | €13,528 | -€1,212 | -8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €736 | €736 | = | 0.0% |
| Non-distributable reserves | 130/1 | €736 | - | -€736 | |
| Reserves not available under the articles | 1311 | €736 | - | -€736 | |
| Distributable reserves | 133 | - | €736 | +€736 | |
| Profit (loss) carried forward | 14 | -€4,595 | -€5,808 | -€1,212 | -26.4% |
| Amounts payable | 17/49 | €123,375 | €77,940 | -€45,436 | -36.8% |
| Amounts payable after more than one year | 17 | €74,073 | €63,914 | -€10,159 | -13.7% |
| Financial debts | 170/4 | €28,573 | €18,414 | -€10,159 | -35.6% |
| Other amounts payable | 178/9 | €45,500 | €45,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €49,302 | €13,965 | -€35,337 | -71.7% |
| Current portion of amounts payable after more than one year | 42 | €6,427 | €6,843 | +€416 | +6.5% |
| Trade debts | 44 | €29,876 | €1,494 | -€28,382 | -95.0% |
| Suppliers | 440/4 | €29,876 | €1,494 | -€28,382 | -95.0% |
| Taxes, remuneration and social security | 45 | €5,138 | €487 | -€4,650 | -90.5% |
| Taxes | 450/3 | €757 | €106 | -€651 | -86.0% |
| Remuneration and social security | 454/9 | €4,380 | €381 | -€3,999 | -91.3% |
| Other amounts payable | 47/48 | €7,862 | €5,141 | -€2,721 | -34.6% |
| Accrued charges and deferred income | 492/3 | - | €60 | +€60 | |
| Non-recurring operating income | 76A | €32,375 | - | -€32,375 | |
| Remuneration, social security and pensions | 62 | €36,100 | €41,874 | +€5,774 | +16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,169 | €18,108 | +€13,939 | +334% |
| Other operating charges | 640/8 | €800 | €2,444 | +€1,644 | +206% |
| Non-recurring operating charges | 66A | €1,981 | - | -€1,981 | |
| Gross operating margin | 9900 | €58,349 | €67,372 | +€9,022 | +15.5% |
| Operating profit (loss) | 9901 | €15,300 | €4,947 | -€10,353 | -67.7% |
| Financial income | 75/76B | €11 | €46 | +€35 | +327% |
| Recurring financial income | 75 | €11 | €46 | +€35 | +327% |
| Financial charges | 65/66B | €659 | €6,196 | +€5,536 | +840% |
| Recurring financial charges | 65 | €659 | €2,196 | +€1,536 | +233% |
| Non-recurring financial charges | 66B | - | €4,000 | +€4,000 | |
| Profit (loss) for the period before taxes | 9903 | €14,651 | -€1,203 | -€15,855 | |
| Income taxes | 67/77 | - | €9 | +€9 | |
| Profit (loss) for the period | 9904 | €14,651 | -€1,212 | -€15,864 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,651 | -€1,212 | -€15,864 |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.