EMPANADAS.BE: 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.
EMPANADAS.BE
Largest movements
- Cash +€43,133
up €43,133 (+86.0%), from €50,126 to €93,258
mainly Net result for the year (+€55,090) and Depreciation (+€28,583)
- Tangible fixed assets -€24,406
down €24,406 (-27.3%), from €89,401 to €64,996
of which Furniture and vehicles: -€14,752
- Receivables within one year +€19,390
up €19,390 (+69.1%), from €28,079 to €47,469
of which Other amounts receivable: +€12,428
- Stocks and contracts +€4,566
up €4,566 (+23.6%), from €19,369 to €23,935
- Profit (loss) carried forward +€27,817
up €27,817 (+29.5%), from €94,383 to €122,200
- Reserves +€27,273
new in 2025: €27,273
- Short-term financial debts +€20,000
new in 2025: €20,000
- Current portion of long-term debt -€18,565
down €18,565 (-56.5%), from €32,858 to €14,293
- Debts after one year -€14,293
down €14,293 (-54.4%), from €26,272 to €11,979
- Gross operating margin +€58,892
up €58,892 (+53.7%), from €109,752 to €168,643
- Staff costs +€17,478
up €17,478 (+48.0%), from €36,405 to €53,883
- Taxes +€13,592
up €13,592 (+103%), from €13,247 to €26,839
- Depreciation -€1,721
down €1,721 (-5.7%), from €30,304 to €28,583
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 | €190,710 | €231,584 | +€40,875 | +21.4% |
| Fixed assets | 21/28 | €89,576 | €65,171 | -€24,406 | -27.2% |
| Tangible fixed assets | 22/27 | €89,401 | €64,996 | -€24,406 | -27.3% |
| Plant, machinery and equipment | 23 | €6,987 | €7,152 | +€165 | +2.4% |
| Furniture and vehicles | 24 | €23,008 | €8,256 | -€14,752 | -64.1% |
| Other tangible fixed assets | 26 | €59,406 | €49,587 | -€9,819 | -16.5% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €101,133 | €166,414 | +€65,280 | +64.5% |
| Stocks and contracts in progress | 3 | €19,369 | €23,935 | +€4,566 | +23.6% |
| Stocks | 30/36 | €19,369 | €23,935 | +€4,566 | +23.6% |
| Amounts receivable within one year | 40/41 | €28,079 | €47,469 | +€19,390 | +69.1% |
| Trade receivables | 40 | €16,411 | €23,372 | +€6,961 | +42.4% |
| Other amounts receivable | 41 | €11,668 | €24,096 | +€12,428 | +107% |
| Cash at bank and in hand | 54/58 | €50,126 | €93,258 | +€43,133 | +86.0% |
| Deferred charges and accrued income | 490/1 | €3,560 | €1,751 | -€1,808 | -50.8% |
| Total equity and liabilities | 10/49 | €190,710 | €231,584 | +€40,875 | +21.4% |
| Equity | 10/15 | €100,583 | €155,673 | +€55,090 | +54.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €27,273 | +€27,273 | |
| Distributable reserves | 133 | - | €27,273 | +€27,273 | |
| Profit (loss) carried forward | 14 | €94,383 | €122,200 | +€27,817 | +29.5% |
| Amounts payable | 17/49 | €90,127 | €75,912 | -€14,215 | -15.8% |
| Amounts payable after more than one year | 17 | €26,272 | €11,979 | -€14,293 | -54.4% |
| Financial debts | 170/4 | €26,272 | €11,979 | -€14,293 | -54.4% |
| Amounts payable within one year | 42/48 | €63,855 | €58,942 | -€4,913 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €32,858 | €14,293 | -€18,565 | -56.5% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €12,488 | €9,757 | -€2,731 | -21.9% |
| Suppliers | 440/4 | €12,488 | €9,757 | -€2,731 | -21.9% |
| Taxes, remuneration and social security | 45 | €3,508 | €13,976 | +€10,468 | +298% |
| Taxes | 450/3 | €102 | €8,150 | +€8,048 | +7,919% |
| Remuneration and social security | 454/9 | €3,407 | €5,826 | +€2,420 | +71.0% |
| Other amounts payable | 47/48 | €15,000 | €916 | -€14,084 | -93.9% |
| Accrued charges and deferred income | 492/3 | - | €4,991 | +€4,991 | |
| Remuneration, social security and pensions | 62 | €36,405 | €53,883 | +€17,478 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,304 | €28,583 | -€1,721 | -5.7% |
| Other operating charges | 640/8 | €1,533 | €1,867 | +€334 | +21.8% |
| Gross operating margin | 9900 | €109,752 | €168,643 | +€58,892 | +53.7% |
| Operating profit (loss) | 9901 | €41,510 | €84,311 | +€42,800 | +103% |
| Financial income | 75/76B | €685 | €1,104 | +€418 | +61.0% |
| Recurring financial income | 75 | €685 | €1,104 | +€418 | +61.0% |
| Financial charges | 65/66B | €3,582 | €3,485 | -€97 | -2.7% |
| Recurring financial charges | 65 | €3,582 | €3,485 | -€97 | -2.7% |
| Profit (loss) for the period before taxes | 9903 | €38,614 | €81,929 | +€43,316 | +112% |
| Income taxes | 67/77 | €13,247 | €26,839 | +€13,592 | +103% |
| Profit (loss) for the period | 9904 | €25,366 | €55,090 | +€29,724 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €25,366 | €55,090 | +€29,724 | +117% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.