EMPEKA: 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.
EMPEKA
Largest movements
- Receivables after one year -€26,500
down €26,500 (-33.1%), from €80,000 to €53,500
- Cash +€18,351
up €18,351 (+112%), from €16,457 to €34,809
mainly Receivables after one year (+€26,500) and Depreciation (+€16,709)
- Tangible fixed assets -€16,709
down €16,709 (-13.1%), from €127,694 to €110,985
- Receivables within one year +€3,337
up €3,337 (+87.7%), from €3,805 to €7,141
of which Trade receivables: +€6,801
- Tax, wage and social debts -€8,018
down €8,018 (-64.0%), from €12,532 to €4,513
of which Remuneration and social security: -€10,000
- Current portion of long-term debt -€4,753
no longer reported in 2025 (was €4,753)
- Other debts -€3,000
no longer reported in 2025 (was €3,000)
- Reserves -€2,762
down €2,762 (-1.6%), from €173,856 to €171,094
of which Tax-exempt reserves: -€5,133
- Provisions -€2,643
down €2,643 (-25.0%), from €10,572 to €7,929
- Other operating charges +€27,065
up €27,065 (+1,323%), from €2,046 to €29,111
- Gross operating margin +€12,598
up €12,598 (+44.1%), from €28,572 to €41,170
- Financial income -€2,150
down €2,150 (-99.8%), from €2,153 to €4
- Taxes -€1,667
down €1,667 (-72.1%), from €2,311 to €644
- Financial charges -€706
down €706 (-85.9%), from €822 to €116
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 | €228,832 | €207,313 | -€21,519 | -9.4% |
| Fixed assets | 21/28 | €128,344 | €111,635 | -€16,709 | -13.0% |
| Tangible fixed assets | 22/27 | €127,694 | €110,985 | -€16,709 | -13.1% |
| Land and buildings | 22 | €127,694 | €110,985 | -€16,709 | -13.1% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €100,488 | €95,678 | -€4,810 | -4.8% |
| Amounts receivable after more than one year | 29 | €80,000 | €53,500 | -€26,500 | -33.1% |
| Other amounts receivable | 291 | €80,000 | €53,500 | -€26,500 | -33.1% |
| Amounts receivable within one year | 40/41 | €3,805 | €7,141 | +€3,337 | +87.7% |
| Trade receivables | 40 | - | €6,801 | +€6,801 | |
| Other amounts receivable | 41 | €3,805 | €340 | -€3,464 | -91.1% |
| Cash at bank and in hand | 54/58 | €16,457 | €34,809 | +€18,351 | +112% |
| Deferred charges and accrued income | 490/1 | €226 | €227 | +€1 | +0.6% |
| Total equity and liabilities | 10/49 | €228,832 | €207,313 | -€21,519 | -9.4% |
| Equity | 10/15 | €192,456 | €189,694 | -€2,762 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €173,856 | €171,094 | -€2,762 | -1.6% |
| Tax-exempt reserves | 132 | €20,532 | €15,399 | -€5,133 | -25.0% |
| Distributable reserves | 133 | €153,324 | €155,695 | +€2,371 | +1.5% |
| Provisions and deferred taxes | 16 | €10,572 | €7,929 | -€2,643 | -25.0% |
| Deferred taxes | 168 | €10,572 | €7,929 | -€2,643 | -25.0% |
| Amounts payable | 17/49 | €25,804 | €9,690 | -€16,114 | -62.4% |
| Amounts payable within one year | 42/48 | €25,250 | €7,790 | -€17,459 | -69.1% |
| Current portion of amounts payable after more than one year | 42 | €4,753 | - | -€4,753 | |
| Trade debts | 44 | €4,965 | €3,277 | -€1,687 | -34.0% |
| Suppliers | 440/4 | €4,965 | €3,277 | -€1,687 | -34.0% |
| Taxes, remuneration and social security | 45 | €12,532 | €4,513 | -€8,018 | -64.0% |
| Taxes | 450/3 | €2,532 | €4,513 | +€1,982 | +78.3% |
| Remuneration and social security | 454/9 | €10,000 | - | -€10,000 | |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €554 | €1,899 | +€1,345 | +243% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,709 | €16,709 | = | 0.0% |
| Other operating charges | 640/8 | €2,046 | €29,111 | +€27,065 | +1,323% |
| Gross operating margin | 9900 | €28,572 | €41,170 | +€12,598 | +44.1% |
| Operating profit (loss) | 9901 | €9,818 | -€4,650 | -€14,467 | |
| Financial income | 75/76B | €2,153 | €4 | -€2,150 | -99.8% |
| Recurring financial income | 75 | €2,153 | €4 | -€2,150 | -99.8% |
| Financial charges | 65/66B | €822 | €116 | -€706 | -85.9% |
| Recurring financial charges | 65 | €822 | €116 | -€706 | -85.9% |
| Profit (loss) for the period before taxes | 9903 | €11,149 | -€4,761 | -€15,911 | |
| Transfer from deferred taxes | 780 | €2,643 | €2,643 | = | 0.0% |
| Income taxes | 67/77 | €2,311 | €644 | -€1,667 | -72.1% |
| Profit (loss) for the period | 9904 | €11,481 | -€2,762 | -€14,243 | |
| Transfer from tax-exempt reserves | 789 | €5,133 | €5,133 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,614 | €2,371 | -€14,243 | -85.7% |
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 29 October 2026 via checked.be.