EMPEIROS: 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.
EMPEIROS
Largest movements
- Cash -€20,689
down €20,689 (-22.4%), from €92,236 to €71,547
mainly Investment in fixed assets (net) (-€22,140) and Receivables within one year (-€19,378)
- Receivables within one year +€19,378
up €19,378 (+42.6%), from €45,485 to €64,863
of which Other amounts receivable: +€35,917
- Tangible fixed assets +€16,245
up €16,245 (+121%), from €13,458 to €29,703
of which Other tangible fixed assets: +€11,496
- Reserves +€20,816
up €20,816 (+15.7%), from €132,974 to €153,790
of which Distributable reserves: +€20,816
- Other debts -€10,386
no longer reported in 2025 (was €10,386)
- Tax, wage and social debts +€3,978
up €3,978 (+127%), from €3,135 to €7,113
- Gross operating margin -€3,545
down €3,545 (-9.4%), from €37,659 to €34,114
- Depreciation +€2,127
up €2,127 (+56.4%), from €3,768 to €5,895
- Taxes -€1,295
down €1,295 (-12.6%), from €10,279 to €8,984
- Financial income +€618
up €618 (+54.0%), from €1,144 to €1,762
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 | €155,055 | €169,864 | +€14,809 | +9.6% |
| Fixed assets | 21/28 | €13,483 | €29,728 | +€16,245 | +120% |
| Tangible fixed assets | 22/27 | €13,458 | €29,703 | +€16,245 | +121% |
| Furniture and vehicles | 24 | €13,458 | €18,207 | +€4,749 | +35.3% |
| Other tangible fixed assets | 26 | - | €11,496 | +€11,496 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €141,572 | €140,136 | -€1,436 | -1.0% |
| Amounts receivable within one year | 40/41 | €45,485 | €64,863 | +€19,378 | +42.6% |
| Trade receivables | 40 | €44,921 | €28,382 | -€16,539 | -36.8% |
| Other amounts receivable | 41 | €564 | €36,481 | +€35,917 | +6,368% |
| Cash at bank and in hand | 54/58 | €92,236 | €71,547 | -€20,689 | -22.4% |
| Deferred charges and accrued income | 490/1 | €3,851 | €3,726 | -€125 | -3.2% |
| Total equity and liabilities | 10/49 | €155,055 | €169,864 | +€14,809 | +9.6% |
| Equity | 10/15 | €141,094 | €161,910 | +€20,816 | +14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €132,974 | €153,790 | +€20,816 | +15.7% |
| Tax-exempt reserves | 132 | €21,836 | €21,836 | = | 0.0% |
| Distributable reserves | 133 | €111,138 | €131,954 | +€20,816 | +18.7% |
| Profit (loss) carried forward | 14 | €1,920 | €1,920 | = | 0.0% |
| Amounts payable | 17/49 | €13,961 | €7,954 | -€6,007 | -43.0% |
| Amounts payable within one year | 42/48 | €13,961 | €7,954 | -€6,007 | -43.0% |
| Trade debts | 44 | €440 | €841 | +€401 | +91.1% |
| Suppliers | 440/4 | €440 | €841 | +€401 | +91.1% |
| Taxes, remuneration and social security | 45 | €3,135 | €7,113 | +€3,978 | +127% |
| Taxes | 450/3 | €3,135 | €7,113 | +€3,978 | +127% |
| Other amounts payable | 47/48 | €10,386 | - | -€10,386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,768 | €5,895 | +€2,127 | +56.4% |
| Gross operating margin | 9900 | €37,659 | €34,114 | -€3,545 | -9.4% |
| Operating profit (loss) | 9901 | €33,891 | €28,219 | -€5,672 | -16.7% |
| Financial income | 75/76B | €1,144 | €1,762 | +€618 | +54.0% |
| Recurring financial income | 75 | €1,144 | €1,762 | +€618 | +54.0% |
| Financial charges | 65/66B | €262 | €181 | -€81 | -30.9% |
| Recurring financial charges | 65 | €262 | €181 | -€81 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €34,773 | €29,800 | -€4,973 | -14.3% |
| Income taxes | 67/77 | €10,279 | €8,984 | -€1,295 | -12.6% |
| Profit (loss) for the period | 9904 | €24,494 | €20,816 | -€3,678 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,494 | €20,816 | -€3,678 | -15.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.