Empalo: 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.
Empalo
Largest movements
- Cash +€61,325
up €61,325 (+32.2%), from €190,664 to €251,990
mainly Other debts (+€229,592) and Net result for the year (+€122,267)
- Tangible fixed assets -€8,618
down €8,618 (-2.9%), from €293,352 to €284,734
of which Furniture and vehicles: -€6,868
- Other debts +€229,592
up €229,592 (+199.3%), from €115,212 to €344,804
- Reserves -€151,000
down €151,000 (-100.0%), from €151,000 to €0
- Debts after one year -€31,500
down €31,500 (-18.8%), from €168,000 to €136,500
- Gross operating margin +€14,126
up €14,126 (+8.0%), from €176,996 to €191,122
- Taxes +€6,713
up €6,713 (+18.7%), from €35,817 to €42,530
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €493,987 | €543,799 | +€49,812 | +10.1% |
| Fixed assets | 21/28 | €293,352 | €284,734 | -€8,618 | -2.9% |
| Tangible fixed assets | 22/27 | €293,352 | €284,734 | -€8,618 | -2.9% |
| Land and buildings | 22 | €267,948 | €266,199 | -€1,750 | -0.7% |
| Furniture and vehicles | 24 | €25,404 | €18,535 | -€6,868 | -27.0% |
| Current assets | 29/58 | €200,635 | €259,065 | +€58,430 | +29.1% |
| Amounts receivable within one year | 40/41 | €4,788 | €1,456 | -€3,333 | -69.6% |
| Other amounts receivable | 41 | €4,788 | €1,456 | -€3,333 | -69.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €190,664 | €251,990 | +€61,325 | +32.2% |
| Deferred charges and accrued income | 490/1 | €5,182 | €5,620 | +€437 | +8.4% |
| Total equity and liabilities | 10/49 | €493,987 | €543,799 | +€49,812 | +10.1% |
| Equity | 10/15 | €156,539 | €5,806 | -€150,733 | -96.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €151,000 | €0 | -€151,000 | -100.0% |
| Distributable reserves | 133 | €151,000 | €0 | -€151,000 | -100.0% |
| Profit (loss) carried forward | 14 | €539 | €806 | +€267 | +49.5% |
| Amounts payable | 17/49 | €337,448 | €537,993 | +€200,545 | +59.4% |
| Amounts payable after more than one year | 17 | €168,000 | €136,500 | -€31,500 | -18.8% |
| Financial debts | 170/4 | €168,000 | €136,500 | -€31,500 | -18.8% |
| Amounts payable within one year | 42/48 | €168,499 | €400,527 | +€232,028 | +137.7% |
| Current portion of amounts payable after more than one year | 42 | €31,500 | €31,500 | = | 0.0% |
| Trade debts | 44 | €6,923 | €8,369 | +€1,446 | +20.9% |
| Suppliers | 440/4 | €6,923 | €8,369 | +€1,446 | +20.9% |
| Taxes, remuneration and social security | 45 | €14,863 | €15,853 | +€990 | +6.7% |
| Taxes | 450/3 | €14,863 | €15,853 | +€990 | +6.7% |
| Other amounts payable | 47/48 | €115,212 | €344,804 | +€229,592 | +199.3% |
| Accrued charges and deferred income | 492/3 | €949 | €966 | +€17 | +1.8% |
| Non-recurring operating income | 76A | €6,025 | €12,507 | +€6,482 | +107.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,469 | €19,599 | +€130 | +0.7% |
| Other operating charges | 640/8 | €4,363 | €3,208 | -€1,156 | -26.5% |
| Gross operating margin | 9900 | €176,996 | €191,122 | +€14,126 | +8.0% |
| Operating profit (loss) | 9901 | €153,164 | €168,315 | +€15,151 | +9.9% |
| Financial income | 75/76B | €1,463 | €0 | -€1,463 | -100.0% |
| Recurring financial income | 75 | €1,463 | €0 | -€1,463 | -100.0% |
| Financial charges | 65/66B | €3,438 | €3,518 | +€81 | +2.3% |
| Recurring financial charges | 65 | €3,438 | €3,518 | +€81 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €151,189 | €164,797 | +€13,608 | +9.0% |
| Income taxes | 67/77 | €35,817 | €42,530 | +€6,713 | +18.7% |
| Profit (loss) for the period | 9904 | €115,372 | €122,267 | +€6,895 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €115,372 | €122,267 | +€6,895 | +6.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.