Empax: 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.
Empax
Largest movements
- Cash -€68,951
down €68,951 (-59.4%), from €116,047 to €47,097
mainly Contributions, distributions and other (-€160,000) and Receivables within one year (-€15,255)
- Receivables within one year +€15,255
up €15,255 (+100.9%), from €15,125 to €30,380
- Current investments +€2,439
new in 2025: €2,439
- Tangible fixed assets -€1,647
down €1,647 (-25.4%), from €6,470 to €4,823
of which Furniture and vehicles: -€1,238
- Reserves -€99,440
down €99,440 (-98.1%), from €101,358 to €1,918
- Other debts +€51,000
new in 2025: €51,000
- Tax, wage and social debts -€4,344
down €4,344 (-13.7%), from €31,764 to €27,421
- Gross operating margin +€16,745
up €16,745 (+26.0%), from €64,450 to €81,195
- Taxes +€3,374
up €3,374 (+26.5%), from €12,723 to €16,097
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 | €137,682 | €84,779 | -€52,903 | -38.4% |
| Fixed assets | 21/28 | €6,510 | €4,863 | -€1,647 | -25.3% |
| Tangible fixed assets | 22/27 | €6,470 | €4,823 | -€1,647 | -25.4% |
| Plant, machinery and equipment | 23 | €1,359 | €951 | -€408 | -30.0% |
| Furniture and vehicles | 24 | €5,111 | €3,872 | -€1,238 | -24.2% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €131,172 | €79,916 | -€51,256 | -39.1% |
| Amounts receivable within one year | 40/41 | €15,125 | €30,380 | +€15,255 | +100.9% |
| Trade receivables | 40 | €15,125 | €30,380 | +€15,255 | +100.9% |
| Current investments | 50/53 | - | €2,439 | +€2,439 | |
| Cash at bank and in hand | 54/58 | €116,047 | €47,097 | -€68,951 | -59.4% |
| Total equity and liabilities | 10/49 | €137,682 | €84,779 | -€52,903 | -38.4% |
| Equity | 10/15 | €104,358 | €4,918 | -€99,440 | -95.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €101,358 | €1,918 | -€99,440 | -98.1% |
| Distributable reserves | 133 | €101,358 | €1,918 | -€99,440 | -98.1% |
| Amounts payable | 17/49 | €33,324 | €79,861 | +€46,537 | +139.6% |
| Amounts payable within one year | 42/48 | €33,324 | €79,861 | +€46,537 | +139.6% |
| Trade debts | 44 | €1,560 | €1,440 | -€120 | -7.7% |
| Suppliers | 440/4 | €1,560 | €1,440 | -€120 | -7.7% |
| Taxes, remuneration and social security | 45 | €31,764 | €27,421 | -€4,344 | -13.7% |
| Taxes | 450/3 | €31,764 | €27,421 | -€4,344 | -13.7% |
| Other amounts payable | 47/48 | - | €51,000 | +€51,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,489 | €1,647 | +€158 | +10.6% |
| Other operating charges | 640/8 | €488 | €900 | +€412 | +84.5% |
| Gross operating margin | 9900 | €64,450 | €81,195 | +€16,745 | +26.0% |
| Operating profit (loss) | 9901 | €62,473 | €78,648 | +€16,175 | +25.9% |
| Financial income | 75/76B | - | €80 | +€80 | |
| Recurring financial income | 75 | - | €80 | +€80 | |
| Financial charges | 65/66B | €2,590 | €2,071 | -€519 | -20.0% |
| Recurring financial charges | 65 | €2,590 | €2,071 | -€519 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €59,883 | €76,657 | +€16,774 | +28.0% |
| Income taxes | 67/77 | €12,723 | €16,097 | +€3,374 | +26.5% |
| Profit (loss) for the period | 9904 | €47,160 | €60,560 | +€13,400 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €47,160 | €60,560 | +€13,400 | +28.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.