EMP VISION: 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 VISION
Largest movements
- Cash +€148,744
up €148,744 (+347.0%), from €42,869 to €191,613
mainly Other debts (+€118,450) and Investment in fixed assets (net) (+€104,101)
- Tangible fixed assets -€111,954
down €111,954 (-55.4%), from €202,204 to €90,250
of which Land and buildings: -€109,928
- Current investments -€28,855
down €28,855 (-100.0%), from €28,855 to €0
- Receivables within one year -€14,845
down €14,845 (-10.4%), from €142,788 to €127,942
of which Other amounts receivable: -€14,845
- Other debts +€118,450
up €118,450, from €0 to €118,450
- Reserves -€69,870
down €69,870 (-21.0%), from €333,117 to €263,246
of which Distributable reserves: -€69,870
- Profit (loss) carried forward -€51,312
down €51,312 (-88.0%), from €58,312 to €7,000
- Tax, wage and social debts +€11,596
up €11,596 (+370.0%), from €3,134 to €14,730
of which Taxes: +€11,596
- Current portion of long-term debt -€8,500
down €8,500 (-100.0%), from €8,500 to €0
- Gross operating margin +€58,746
up €58,746 (+330.4%), from €17,778 to €76,524
- Financial charges +€56,241
up €56,241 (+3535.8%), from €1,591 to €57,831
of which Non-recurring financial charges: +€55,534
- Taxes +€13,172
up €13,172 (+845.6%), from €1,558 to €14,730
- Depreciation -€6,685
down €6,685 (-46.0%), from €14,537 to €7,852
- Other operating charges +€3,777
up €3,777 (+141.5%), from €2,669 to €6,445
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 | €416,741 | €409,832 | -€6,909 | -1.7% |
| Fixed assets | 21/28 | €202,230 | €90,277 | -€111,954 | -55.4% |
| Tangible fixed assets | 22/27 | €202,204 | €90,250 | -€111,954 | -55.4% |
| Land and buildings | 22 | €199,593 | €89,666 | -€109,928 | -55.1% |
| Plant, machinery and equipment | 23 | €1,418 | €585 | -€833 | -58.7% |
| Furniture and vehicles | 24 | €1,193 | €0 | -€1,193 | -100.0% |
| Financial fixed assets | 28 | €26 | €26 | = | 0.0% |
| Current assets | 29/58 | €214,511 | €319,555 | +€105,044 | +49.0% |
| Amounts receivable within one year | 40/41 | €142,788 | €127,942 | -€14,845 | -10.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €142,788 | €127,942 | -€14,845 | -10.4% |
| Current investments | 50/53 | €28,855 | €0 | -€28,855 | -100.0% |
| Cash at bank and in hand | 54/58 | €42,869 | €191,613 | +€148,744 | +347.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €416,741 | €409,832 | -€6,909 | -1.7% |
| Equity | 10/15 | €397,633 | €276,452 | -€121,182 | -30.5% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €333,117 | €263,246 | -€69,870 | -21.0% |
| Tax-exempt reserves | 132 | €3,844 | €3,844 | = | 0.0% |
| Distributable reserves | 133 | €329,273 | €259,403 | -€69,870 | -21.2% |
| Profit (loss) carried forward | 14 | €58,312 | €7,000 | -€51,312 | -88.0% |
| Amounts payable | 17/49 | €19,108 | €133,380 | +€114,272 | +598.0% |
| Amounts payable after more than one year | 17 | €6,575 | €200 | -€6,375 | -97.0% |
| Financial debts | 170/4 | €6,375 | €0 | -€6,375 | -100.0% |
| Other amounts payable | 178/9 | €200 | €200 | = | 0.0% |
| Amounts payable within one year | 42/48 | €12,533 | €133,180 | +€120,648 | +962.7% |
| Current portion of amounts payable after more than one year | 42 | €8,500 | €0 | -€8,500 | -100.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €899 | €0 | -€899 | -100.0% |
| Suppliers | 440/4 | €899 | €0 | -€899 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,134 | €14,730 | +€11,596 | +370.0% |
| Taxes | 450/3 | €3,134 | €14,730 | +€11,596 | +370.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €118,450 | +€118,450 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,537 | €7,852 | -€6,685 | -46.0% |
| Other operating charges | 640/8 | €2,669 | €6,445 | +€3,777 | +141.5% |
| Gross operating margin | 9900 | €17,778 | €76,524 | +€58,746 | +330.4% |
| Operating profit (loss) | 9901 | €573 | €62,227 | +€61,654 | +10768.5% |
| Financial income | 75/76B | €8,245 | €7,603 | -€642 | -7.8% |
| Recurring financial income | 75 | €8,245 | €7,603 | -€642 | -7.8% |
| Financial charges | 65/66B | €1,591 | €57,831 | +€56,241 | +3535.8% |
| Recurring financial charges | 65 | €1,591 | €2,297 | +€707 | +44.4% |
| Non-recurring financial charges | 66B | - | €55,534 | +€55,534 | |
| Profit (loss) for the period before taxes | 9903 | €7,227 | €11,998 | +€4,771 | +66.0% |
| Income taxes | 67/77 | €1,558 | €14,730 | +€13,172 | +845.6% |
| Profit (loss) for the period | 9904 | €5,669 | -€2,732 | -€8,401 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,669 | -€2,732 | -€8,401 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.