EMPART II: 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.
EMPART II
Largest movements
No asset line moved by more than 1% of the balance sheet total.
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€16,497
down €16,497 (-98.7%), from €16,706 to €209
- Taxes -€6,379
down €6,379, from €4,888 to -€1,491
- Other operating charges -€592
down €592 (-46.0%), from €1,287 to €695
- Depreciation -€389
down €389 (-24.8%), from €1,570 to €1,181
- Financial charges -€43
down €43 (-44.0%), from €97 to €54
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.
Derived cash bridge
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 | €1,850,301 | €1,849,872 | -€429 | 0.0% |
| Formation expenses | 20 | €1,181 | - | -€1,181 | |
| Fixed assets | 21/28 | €1,837,049 | €1,837,049 | = | 0.0% |
| Financial fixed assets | 28 | €1,837,049 | €1,837,049 | = | 0.0% |
| Current assets | 29/58 | €12,071 | €12,823 | +€752 | +6.2% |
| Amounts receivable within one year | 40/41 | €4,351 | €11,798 | +€7,447 | +171% |
| Trade receivables | 40 | - | €47 | +€47 | |
| Other amounts receivable | 41 | €4,351 | €11,751 | +€7,400 | +170% |
| Cash at bank and in hand | 54/58 | €7,720 | €1,026 | -€6,695 | -86.7% |
| Total equity and liabilities | 10/49 | €1,850,301 | €1,849,872 | -€429 | 0.0% |
| Equity | 10/15 | €1,850,301 | €1,849,872 | -€429 | 0.0% |
| Contributions | 10/11 | €1,841,600 | €1,841,600 | = | 0.0% |
| Capital | 10 | €1,841,600 | €1,841,600 | = | 0.0% |
| Issued capital | 100 | €1,841,600 | €1,841,600 | = | 0.0% |
| Reserves | 13 | €8,000 | €8,000 | = | 0.0% |
| Distributable reserves | 133 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €701 | €272 | -€429 | -61.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €163 | €199 | +€36 | +21.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,570 | €1,181 | -€389 | -24.8% |
| Other operating charges | 640/8 | €1,287 | €695 | -€592 | -46.0% |
| Gross operating margin | 9900 | -€163 | -€199 | -€36 | -21.8% |
| Operating profit (loss) | 9901 | -€3,020 | -€2,075 | +€946 | +31.3% |
| Financial income | 75/76B | €16,706 | €209 | -€16,497 | -98.7% |
| Recurring financial income | 75 | €16,706 | €209 | -€16,497 | -98.7% |
| Financial charges | 65/66B | €97 | €54 | -€43 | -44.0% |
| Recurring financial charges | 65 | €97 | €54 | -€43 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €13,589 | -€1,920 | -€15,509 | |
| Income taxes | 67/77 | €4,888 | -€1,491 | -€6,379 | |
| Profit (loss) for the period | 9904 | €8,701 | -€429 | -€9,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,701 | -€429 | -€9,130 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.