EMPEHA: 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.
EMPEHA
Largest movements
- Current investments -€2.0m
no longer reported in 2025 (was €2.0m)
- Cash +€871,878
up €871,878 (+308.6%), from €282,531 to €1.2m
mainly Current investments (+€2.0m) and Net result for the year (+€86,058)
- Reserves -€915,797
down €915,797 (-2.3%), from €39.9m to €39.0m
- Financial income -€65,656
down €65,656 (-32.4%), from €202,695 to €137,038
- Taxes -€24,701
down €24,701 (-37.7%), from €65,516 to €40,815
- Gross operating margin -€3,048
down €3,048 (-8.5%), from €35,896 to €32,847
- Staff costs -€1,213
down €1,213 (-2.8%), from €42,965 to €41,752
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 | €40,028,667 | €39,061,060 | -€967,607 | -2.4% |
| Fixed assets | 21/28 | €34,037,387 | €34,037,387 | = | 0.0% |
| Financial fixed assets | 28 | €34,037,387 | €34,037,387 | = | 0.0% |
| Current assets | 29/58 | €5,991,280 | €5,023,673 | -€967,607 | -16.2% |
| Amounts receivable after more than one year | 29 | €3,260,084 | €3,260,084 | = | 0.0% |
| Other amounts receivable | 291 | €3,260,084 | €3,260,084 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €444,007 | €609,180 | +€165,173 | +37.2% |
| Trade receivables | 40 | €15,017 | €16,030 | +€1,014 | +6.7% |
| Other amounts receivable | 41 | €428,991 | €593,150 | +€164,160 | +38.3% |
| Current investments | 50/53 | €2,000,000 | - | -€2.0m | |
| Cash at bank and in hand | 54/58 | €282,531 | €1,154,409 | +€871,878 | +308.6% |
| Deferred charges and accrued income | 490/1 | €4,658 | - | -€4,658 | |
| Total equity and liabilities | 10/49 | €40,028,667 | €39,061,060 | -€967,607 | -2.4% |
| Equity | 10/15 | €39,951,419 | €39,035,622 | -€915,797 | -2.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €39,932,869 | €39,017,072 | -€915,797 | -2.3% |
| Distributable reserves | 133 | €39,932,869 | €39,017,072 | -€915,797 | -2.3% |
| Amounts payable | 17/49 | €77,248 | €25,439 | -€51,810 | -67.1% |
| Amounts payable within one year | 42/48 | €77,248 | €25,439 | -€51,810 | -67.1% |
| Trade debts | 44 | €2,600 | €4,320 | +€1,720 | +66.2% |
| Suppliers | 440/4 | €2,600 | €4,320 | +€1,720 | +66.2% |
| Taxes, remuneration and social security | 45 | €74,648 | €21,118 | -€53,530 | -71.7% |
| Taxes | 450/3 | €64,337 | €10,914 | -€53,424 | -83.0% |
| Remuneration and social security | 454/9 | €10,311 | €10,205 | -€106 | -1.0% |
| Remuneration, social security and pensions | 62 | €42,965 | €41,752 | -€1,213 | -2.8% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €35,896 | €32,847 | -€3,048 | -8.5% |
| Operating profit (loss) | 9901 | -€8,155 | -€10,024 | -€1,869 | -22.9% |
| Financial income | 75/76B | €202,695 | €137,038 | -€65,656 | -32.4% |
| Recurring financial income | 75 | €202,695 | €137,038 | -€65,656 | -32.4% |
| Financial charges | 65/66B | €212 | €142 | -€70 | -33.2% |
| Recurring financial charges | 65 | €212 | €142 | -€70 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €194,328 | €126,873 | -€67,455 | -34.7% |
| Income taxes | 67/77 | €65,516 | €40,815 | -€24,701 | -37.7% |
| Profit (loss) for the period | 9904 | €128,812 | €86,058 | -€42,754 | -33.2% |
| Profit (loss) for the period to be appropriated | 9905 | €128,812 | €86,058 | -€42,754 | -33.2% |
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 8 October 2026 via checked.be.