EMPET: 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.
EMPET
Largest movements
- Stocks and contracts -€168,876
down €168,876 (-20.9%), from €808,172 to €639,295
- Receivables within one year +€127,093
up €127,093 (+173.4%), from €73,303 to €200,396
of which Trade receivables: +€110,133
- Cash +€103,998
up €103,998 (+47.0%), from €221,193 to €325,191
mainly Debts after one year (+€277,090) and Stocks and contracts (+€168,876)
- Tangible fixed assets +€77,090
up €77,090 (+16.4%), from €469,233 to €546,323
of which Furniture and vehicles: +€79,785
- Debts after one year +€277,090
up €277,090 (+93.2%), from €297,150 to €574,240
of which Other amounts payable: +€250,000
- Short-term financial debts -€250,072
down €250,072 (-89.5%), from €279,494 to €29,421
of which Credit institutions: -€250,000
- Other debts -€197,404
down €197,404 (-77.7%), from €254,173 to €56,769
- Trade debts +€117,127
up €117,127 (+119.6%), from €97,924 to €215,050
- Reserves +€99,110
up €99,110 (+17.6%), from €563,890 to €663,000
- Staff costs +€4,656
up €4,656 (+7.7%), from €60,126 to €64,782
- Depreciation +€4,144
up €4,144 (+16.7%), from €24,765 to €28,909
- Financial charges +€3,455
up €3,455 (+7.7%), from €44,714 to €48,169
- Gross operating margin +€3,028
up €3,028 (+1.1%), from €273,944 to €276,972
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,582,451 | €1,719,478 | +€137,027 | +8.7% |
| Fixed assets | 21/28 | €469,233 | €546,323 | +€77,090 | +16.4% |
| Tangible fixed assets | 22/27 | €469,233 | €546,323 | +€77,090 | +16.4% |
| Land and buildings | 22 | €438,629 | €439,722 | +€1,093 | +0.2% |
| Plant, machinery and equipment | 23 | €28,478 | €24,690 | -€3,788 | -13.3% |
| Furniture and vehicles | 24 | €2,126 | €81,911 | +€79,785 | +3753.2% |
| Current assets | 29/58 | €1,113,218 | €1,173,154 | +€59,937 | +5.4% |
| Stocks and contracts in progress | 3 | €808,172 | €639,295 | -€168,876 | -20.9% |
| Stocks | 30/36 | €808,172 | €639,295 | -€168,876 | -20.9% |
| Amounts receivable within one year | 40/41 | €73,303 | €200,396 | +€127,093 | +173.4% |
| Trade receivables | 40 | €54,133 | €164,266 | +€110,133 | +203.4% |
| Other amounts receivable | 41 | €19,170 | €36,130 | +€16,960 | +88.5% |
| Cash at bank and in hand | 54/58 | €221,193 | €325,191 | +€103,998 | +47.0% |
| Deferred charges and accrued income | 490/1 | €10,550 | €8,272 | -€2,279 | -21.6% |
| Total equity and liabilities | 10/49 | €1,582,451 | €1,719,478 | +€137,027 | +8.7% |
| Equity | 10/15 | €582,490 | €681,600 | +€99,110 | +17.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €563,890 | €663,000 | +€99,110 | +17.6% |
| Distributable reserves | 133 | €563,890 | €663,000 | +€99,110 | +17.6% |
| Amounts payable | 17/49 | €999,961 | €1,037,877 | +€37,917 | +3.8% |
| Amounts payable after more than one year | 17 | €297,150 | €574,240 | +€277,090 | +93.2% |
| Financial debts | 170/4 | €297,150 | €324,240 | +€27,090 | +9.1% |
| Other amounts payable | 178/9 | - | €250,000 | +€250,000 | |
| Amounts payable within one year | 42/48 | €686,827 | €444,885 | -€241,942 | -35.2% |
| Current portion of amounts payable after more than one year | 42 | €31,284 | €39,026 | +€7,741 | +24.7% |
| Financial debts | 43 | €279,494 | €29,421 | -€250,072 | -89.5% |
| Credit institutions | 430/8 | €250,000 | - | -€250,000 | |
| Other loans | 439 | €29,494 | €29,421 | -€72 | -0.2% |
| Trade debts | 44 | €97,924 | €215,050 | +€117,127 | +119.6% |
| Suppliers | 440/4 | €97,924 | €215,050 | +€117,127 | +119.6% |
| Taxes, remuneration and social security | 45 | €23,952 | €104,619 | +€80,667 | +336.8% |
| Taxes | 450/3 | €8,018 | €86,653 | +€78,636 | +980.8% |
| Remuneration and social security | 454/9 | €15,934 | €17,966 | +€2,031 | +12.7% |
| Other amounts payable | 47/48 | €254,173 | €56,769 | -€197,404 | -77.7% |
| Accrued charges and deferred income | 492/3 | €15,984 | €18,752 | +€2,768 | +17.3% |
| Remuneration, social security and pensions | 62 | €60,126 | €64,782 | +€4,656 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,765 | €28,909 | +€4,144 | +16.7% |
| Other operating charges | 640/8 | €4,513 | €4,027 | -€487 | -10.8% |
| Gross operating margin | 9900 | €273,944 | €276,972 | +€3,028 | +1.1% |
| Operating profit (loss) | 9901 | €184,539 | €179,254 | -€5,285 | -2.9% |
| Financial income | 75/76B | €814 | €517 | -€297 | -36.5% |
| Recurring financial income | 75 | €814 | €517 | -€297 | -36.5% |
| Financial charges | 65/66B | €44,714 | €48,169 | +€3,455 | +7.7% |
| Recurring financial charges | 65 | €44,714 | €48,169 | +€3,455 | +7.7% |
| Profit (loss) for the period before taxes | 9903 | €140,640 | €131,602 | -€9,037 | -6.4% |
| Income taxes | 67/77 | €33,178 | €30,692 | -€2,485 | -7.5% |
| Profit (loss) for the period | 9904 | €107,462 | €100,910 | -€6,552 | -6.1% |
| Profit (loss) for the period to be appropriated | 9905 | €107,462 | €100,910 | -€6,552 | -6.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.