EMPERAT: 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.
EMPERAT
Largest movements
- Financial fixed assets -€140,000
down €140,000 (-25.0%), from €559,994 to €419,994
- Receivables within one year -€38,846
down €38,846 (-70.1%), from €55,419 to €16,573
of which Trade receivables: -€40,150
- Cash +€14,094
up €14,094 (+81.6%), from €17,267 to €31,361
mainly Investment in fixed assets (net) (+€140,000) and Receivables within one year (+€38,846)
- Tangible fixed assets -€10,881
down €10,881 (-79.0%), from €13,766 to €2,885
of which Furniture and vehicles: -€10,643
- Debts after one year -€109,659
down €109,659 (-44.6%), from €245,967 to €136,308
- Other debts -€29,104
down €29,104 (-9.3%), from €311,388 to €282,284
- Tax, wage and social debts -€26,731
down €26,731 (-76.9%), from €34,747 to €8,015
- Current portion of long-term debt -€13,251
down €13,251 (-26.9%), from €49,345 to €36,094
- Gross operating margin -€99,427
down €99,427 (-76.1%), from €130,691 to €31,264
- Taxes -€30,954
down €30,954 (-94.5%), from €32,743 to €1,789
- Depreciation -€3,645
down €3,645 (-25.1%), from €14,526 to €10,881
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 | €654,015 | €477,252 | -€176,762 | -27.0% |
| Fixed assets | 21/28 | €573,760 | €422,879 | -€150,881 | -26.3% |
| Tangible fixed assets | 22/27 | €13,766 | €2,885 | -€10,881 | -79.0% |
| Plant, machinery and equipment | 23 | €238 | €0 | -€238 | -100% |
| Furniture and vehicles | 24 | €13,528 | €2,885 | -€10,643 | -78.7% |
| Financial fixed assets | 28 | €559,994 | €419,994 | -€140,000 | -25.0% |
| Current assets | 29/58 | €80,254 | €54,373 | -€25,881 | -32.2% |
| Amounts receivable within one year | 40/41 | €55,419 | €16,573 | -€38,846 | -70.1% |
| Trade receivables | 40 | €52,573 | €12,424 | -€40,150 | -76.4% |
| Other amounts receivable | 41 | €2,845 | €4,149 | +€1,304 | +45.8% |
| Current investments | 50/53 | €2,214 | €0 | -€2,214 | -100% |
| Cash at bank and in hand | 54/58 | €17,267 | €31,361 | +€14,094 | +81.6% |
| Deferred charges and accrued income | 490/1 | €5,354 | €6,439 | +€1,085 | +20.3% |
| Total equity and liabilities | 10/49 | €654,015 | €477,252 | -€176,762 | -27.0% |
| Equity | 10/15 | €11,585 | €11,762 | +€177 | +1.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,585 | €6,762 | +€177 | +2.7% |
| Amounts payable | 17/49 | €642,429 | €465,490 | -€176,939 | -27.5% |
| Amounts payable after more than one year | 17 | €245,967 | €136,308 | -€109,659 | -44.6% |
| Financial debts | 170/4 | €245,967 | €136,308 | -€109,659 | -44.6% |
| Amounts payable within one year | 42/48 | €396,462 | €328,401 | -€68,062 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €49,345 | €36,094 | -€13,251 | -26.9% |
| Trade debts | 44 | €983 | €2,007 | +€1,024 | +104% |
| Suppliers | 440/4 | €983 | €2,007 | +€1,024 | +104% |
| Taxes, remuneration and social security | 45 | €34,747 | €8,015 | -€26,731 | -76.9% |
| Taxes | 450/3 | €34,747 | €8,015 | -€26,731 | -76.9% |
| Other amounts payable | 47/48 | €311,388 | €282,284 | -€29,104 | -9.3% |
| Accrued charges and deferred income | 492/3 | - | €782 | +€782 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,526 | €10,881 | -€3,645 | -25.1% |
| Other operating charges | 640/8 | €741 | €1,789 | +€1,048 | +141% |
| Gross operating margin | 9900 | €130,691 | €31,264 | -€99,427 | -76.1% |
| Operating profit (loss) | 9901 | €115,424 | €18,594 | -€96,830 | -83.9% |
| Financial income | 75/76B | €0 | €760 | +€760 | |
| Recurring financial income | 75 | €0 | €760 | +€760 | |
| Financial charges | 65/66B | €17,011 | €17,388 | +€377 | +2.2% |
| Recurring financial charges | 65 | €17,011 | €10,348 | -€6,664 | -39.2% |
| Non-recurring financial charges | 66B | - | €7,041 | +€7,041 | |
| Profit (loss) for the period before taxes | 9903 | €98,412 | €1,966 | -€96,447 | -98.0% |
| Income taxes | 67/77 | €32,743 | €1,789 | -€30,954 | -94.5% |
| Profit (loss) for the period | 9904 | €65,670 | €177 | -€65,493 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €65,670 | €177 | -€65,493 | -99.7% |
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 19 October 2026 via checked.be.