EMPAIN MANSION: 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.
EMPAIN MANSION
Largest movements
- Tangible fixed assets -€646,992
down €646,992 (-5.4%), from €12.0m to €11.3m
of which Land and buildings: -€628,925
- Cash -€377,258
down €377,258 (-38.6%), from €977,183 to €599,925
mainly Net result for the year (-€2.6m) and Trade debts (-€233,980)
- Profit (loss) carried forward -€2.6m
down €2.6m (-9.0%), from -€29.3m to -€31.9m
- Debts after one year +€2.0m
up €2.0m (+4.5%), from €43.5m to €45.4m
- Trade debts -€233,980
down €233,980 (-49.9%), from €468,975 to €234,995
- Financial charges -€465,632
down €465,632 (-19.2%), from €2.4m to €2.0m
- Gross operating margin -€251,954
down €251,954 (-71.7%), from €351,158 to €99,203
- Other operating charges -€11,313
down €11,313 (-5.0%), from €226,889 to €215,577
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.
Derived cash bridge
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 | €15,865,926 | €14,946,787 | -€919,139 | -5.8% |
| Fixed assets | 21/28 | €14,634,894 | €14,054,315 | -€580,579 | -4.0% |
| Tangible fixed assets | 22/27 | €11,978,371 | €11,331,380 | -€646,992 | -5.4% |
| Land and buildings | 22 | €11,779,632 | €11,150,707 | -€628,925 | -5.3% |
| Plant, machinery and equipment | 23 | €198,740 | €180,672 | -€18,067 | -9.1% |
| Financial fixed assets | 28 | €2,656,522 | €2,722,935 | +€66,413 | +2.5% |
| Current assets | 29/58 | €1,231,032 | €892,472 | -€338,560 | -27.5% |
| Amounts receivable within one year | 40/41 | €187,436 | €225,304 | +€37,868 | +20.2% |
| Trade receivables | 40 | €45,827 | €186,127 | +€140,300 | +306% |
| Other amounts receivable | 41 | €141,610 | €39,177 | -€102,432 | -72.3% |
| Cash at bank and in hand | 54/58 | €977,183 | €599,925 | -€377,258 | -38.6% |
| Deferred charges and accrued income | 490/1 | €66,413 | €67,243 | +€830 | +1.2% |
| Total equity and liabilities | 10/49 | €15,865,926 | €14,946,787 | -€919,139 | -5.8% |
| Equity | 10/15 | -€28,397,044 | -€31,054,267 | -€2.7m | -9.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,276,113 | -€31,906,979 | -€2.6m | -9.0% |
| Investment grants | 15 | €817,070 | €790,712 | -€26,357 | -3.2% |
| Amounts payable | 17/49 | €44,262,970 | €46,001,054 | +€1.7m | +3.9% |
| Amounts payable after more than one year | 17 | €43,459,900 | €45,410,026 | +€2.0m | +4.5% |
| Financial debts | 170/4 | €43,459,900 | €45,410,026 | +€2.0m | +4.5% |
| Amounts payable within one year | 42/48 | €798,588 | €586,516 | -€212,072 | -26.6% |
| Trade debts | 44 | €468,975 | €234,995 | -€233,980 | -49.9% |
| Suppliers | 440/4 | €468,975 | €234,995 | -€233,980 | -49.9% |
| Other amounts payable | 47/48 | €329,613 | €351,521 | +€21,908 | +6.6% |
| Accrued charges and deferred income | 492/3 | €4,482 | €4,512 | +€30 | +0.7% |
| Non-recurring operating income | 76A | €232,837 | €25,968 | -€206,869 | -88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €644,611 | €646,992 | +€2,381 | +0.4% |
| Other operating charges | 640/8 | €226,889 | €215,577 | -€11,313 | -5.0% |
| Gross operating margin | 9900 | €351,158 | €99,203 | -€251,954 | -71.7% |
| Operating profit (loss) | 9901 | -€520,342 | -€763,365 | -€243,023 | -46.7% |
| Financial income | 75/76B | €92,787 | €93,602 | +€815 | +0.9% |
| Recurring financial income | 75 | €92,787 | €93,602 | +€815 | +0.9% |
| Financial charges | 65/66B | €2,426,736 | €1,961,104 | -€465,632 | -19.2% |
| Recurring financial charges | 65 | €2,426,736 | €1,961,104 | -€465,632 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | -€2,854,291 | -€2,630,866 | +€223,424 | +7.8% |
| Profit (loss) for the period | 9904 | -€2,854,291 | -€2,630,866 | +€223,424 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,854,291 | -€2,630,866 | +€223,424 | +7.8% |
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 28 October 2026 via checked.be.