ERJ 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.
ERJ CONSTRUCT
Largest movements
- Receivables within one year -€164,456
down €164,456 (-66.1%), from €248,867 to €84,411
of which Trade receivables: -€134,435
- Receivables after one year -€93,000
down €93,000 (-100.0%), from €93,000 to €0
- Cash -€67,053
down €67,053 (-19.0%), from €353,663 to €286,610
mainly Contributions, distributions and other (-€845,381) and Debts after one year (-€27,382)
- Tangible fixed assets -€18,599
down €18,599 (-6.0%), from €311,527 to €292,928
- Reserves -€608,254
down €608,254 (-100.0%), from €608,254 to €0
- Other debts +€296,078
up €296,078 (+160.0%), from €185,000 to €481,078
- Debts after one year -€27,382
down €27,382 (-16.8%), from €162,841 to €135,459
- Gross operating margin -€73,224
down €73,224 (-17.7%), from €413,409 to €340,185
- Taxes -€13,158
down €13,158 (-14.0%), from €94,041 to €80,882
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 | €1,007,726 | €664,596 | -€343,130 | -34.0% |
| Fixed assets | 21/28 | €311,527 | €292,928 | -€18,599 | -6.0% |
| Tangible fixed assets | 22/27 | €311,527 | €292,928 | -€18,599 | -6.0% |
| Land and buildings | 22 | €311,527 | €292,928 | -€18,599 | -6.0% |
| Current assets | 29/58 | €696,199 | €371,667 | -€324,532 | -46.6% |
| Amounts receivable after more than one year | 29 | €93,000 | €0 | -€93,000 | -100.0% |
| Other amounts receivable | 291 | €93,000 | €0 | -€93,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €248,867 | €84,411 | -€164,456 | -66.1% |
| Trade receivables | 40 | €218,830 | €84,395 | -€134,435 | -61.4% |
| Other amounts receivable | 41 | €30,037 | €16 | -€30,021 | -99.9% |
| Cash at bank and in hand | 54/58 | €353,663 | €286,610 | -€67,053 | -19.0% |
| Deferred charges and accrued income | 490/1 | €669 | €646 | -€23 | -3.4% |
| Total equity and liabilities | 10/49 | €1,007,726 | €664,596 | -€343,130 | -34.0% |
| Equity | 10/15 | €611,254 | €3,000 | -€608,254 | -99.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €608,254 | €0 | -€608,254 | -100.0% |
| Distributable reserves | 133 | €608,254 | €0 | -€608,254 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €396,472 | €661,596 | +€265,124 | +66.9% |
| Amounts payable after more than one year | 17 | €162,841 | €135,459 | -€27,382 | -16.8% |
| Financial debts | 170/4 | €162,841 | €135,459 | -€27,382 | -16.8% |
| Amounts payable within one year | 42/48 | €231,084 | €523,916 | +€292,832 | +126.7% |
| Current portion of amounts payable after more than one year | 42 | €26,999 | €27,382 | +€383 | +1.4% |
| Trade debts | 44 | €182 | €480 | +€297 | +163.3% |
| Suppliers | 440/4 | €182 | €480 | +€297 | +163.3% |
| Taxes, remuneration and social security | 45 | €18,902 | €14,977 | -€3,926 | -20.8% |
| Taxes | 450/3 | €17,582 | €13,674 | -€3,908 | -22.2% |
| Remuneration and social security | 454/9 | €1,320 | €1,303 | -€18 | -1.3% |
| Other amounts payable | 47/48 | €185,000 | €481,078 | +€296,078 | +160.0% |
| Accrued charges and deferred income | 492/3 | €2,547 | €2,221 | -€326 | -12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,343 | €18,599 | +€255 | +1.4% |
| Other operating charges | 640/8 | €2,934 | €2,453 | -€481 | -16.4% |
| Gross operating margin | 9900 | €413,409 | €340,185 | -€73,224 | -17.7% |
| Operating profit (loss) | 9901 | €392,131 | €319,133 | -€72,998 | -18.6% |
| Financial income | 75/76B | €1,525 | €1,549 | +€24 | +1.6% |
| Recurring financial income | 75 | €1,525 | €1,549 | +€24 | +1.6% |
| Financial charges | 65/66B | €3,050 | €2,673 | -€377 | -12.4% |
| Recurring financial charges | 65 | €3,050 | €2,673 | -€377 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €390,606 | €318,009 | -€72,597 | -18.6% |
| Income taxes | 67/77 | €94,041 | €80,882 | -€13,158 | -14.0% |
| Profit (loss) for the period | 9904 | €296,565 | €237,127 | -€59,439 | -20.0% |
| Profit (loss) for the period to be appropriated | 9905 | €296,565 | €237,127 | -€59,439 | -20.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.