Empharis Solutions: 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.
Empharis Solutions
Largest movements
- Receivables within one year -€38,694
down €38,694 (-30.4%), from €127,452 to €88,758
of which Trade receivables: -€47,450
- Receivables after one year +€34,959
up €34,959 (+132%), from €26,501 to €61,461
- Cash +€26,324
up €26,324 (+96.5%), from €27,284 to €53,608
mainly Net result for the year (+€151,896) and Other debts (+€55,396)
- Tangible fixed assets +€8,641
up €8,641 (+49.4%), from €17,492 to €26,134
of which Furniture and vehicles: +€10,409
- Intangible fixed assets -€4,270
down €4,270 (-25.0%), from €17,069 to €12,799
- Other debts +€55,396
up €55,396 (+48.8%), from €113,562 to €168,959
- Reserves -€44,109
down €44,109 (-50.0%), from €88,256 to €44,146
- Tax, wage and social debts +€9,372
up €9,372 (+75.9%), from €12,344 to €21,717
of which Taxes: +€5,588
- Gross operating margin +€41,094
up €41,094 (+13.7%), from €300,957 to €342,052
- Taxes +€12,293
up €12,293 (+35.3%), from €34,778 to €47,071
- Staff costs -€10,101
down €10,101 (-7.0%), from €144,951 to €134,850
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 | €220,117 | €243,887 | +€23,769 | +10.8% |
| Fixed assets | 21/28 | €34,561 | €38,932 | +€4,371 | +12.6% |
| Intangible fixed assets | 21 | €17,069 | €12,799 | -€4,270 | -25.0% |
| Tangible fixed assets | 22/27 | €17,492 | €26,134 | +€8,641 | +49.4% |
| Furniture and vehicles | 24 | €3,459 | €13,868 | +€10,409 | +301% |
| Other tangible fixed assets | 26 | €14,033 | €12,266 | -€1,767 | -12.6% |
| Current assets | 29/58 | €185,556 | €204,954 | +€19,398 | +10.5% |
| Amounts receivable after more than one year | 29 | €26,501 | €61,461 | +€34,959 | +132% |
| Other amounts receivable | 291 | €26,501 | €61,461 | +€34,959 | +132% |
| Amounts receivable within one year | 40/41 | €127,452 | €88,758 | -€38,694 | -30.4% |
| Trade receivables | 40 | €103,291 | €55,841 | -€47,450 | -45.9% |
| Other amounts receivable | 41 | €24,161 | €32,917 | +€8,757 | +36.2% |
| Cash at bank and in hand | 54/58 | €27,284 | €53,608 | +€26,324 | +96.5% |
| Deferred charges and accrued income | 490/1 | €4,319 | €1,127 | -€3,191 | -73.9% |
| Total equity and liabilities | 10/49 | €220,117 | €243,887 | +€23,769 | +10.8% |
| Equity | 10/15 | €91,173 | €48,960 | -€42,213 | -46.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €88,256 | €44,146 | -€44,109 | -50.0% |
| Distributable reserves | 133 | €88,256 | €44,146 | -€44,109 | -50.0% |
| Profit (loss) carried forward | 14 | -€83 | €1,814 | +€1,896 | |
| Amounts payable | 17/49 | €128,944 | €194,926 | +€65,982 | +51.2% |
| Amounts payable within one year | 42/48 | €128,944 | €193,651 | +€64,707 | +50.2% |
| Trade debts | 44 | €3,038 | €2,976 | -€62 | -2.0% |
| Suppliers | 440/4 | €3,038 | €2,976 | -€62 | -2.0% |
| Taxes, remuneration and social security | 45 | €12,344 | €21,717 | +€9,372 | +75.9% |
| Taxes | 450/3 | €0 | €5,588 | +€5,588 | |
| Remuneration and social security | 454/9 | €12,344 | €16,129 | +€3,785 | +30.7% |
| Other amounts payable | 47/48 | €113,562 | €168,959 | +€55,396 | +48.8% |
| Accrued charges and deferred income | 492/3 | - | €1,275 | +€1,275 | |
| Remuneration, social security and pensions | 62 | €144,951 | €134,850 | -€10,101 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,159 | €10,456 | +€2,297 | +28.1% |
| Other operating charges | 640/8 | €483 | €428 | -€55 | -11.4% |
| Gross operating margin | 9900 | €300,957 | €342,052 | +€41,094 | +13.7% |
| Operating profit (loss) | 9901 | €147,364 | €196,317 | +€48,953 | +33.2% |
| Financial income | 75/76B | €1,121 | €2,960 | +€1,838 | +164% |
| Recurring financial income | 75 | €1,121 | €2,960 | +€1,838 | +164% |
| Financial charges | 65/66B | €330 | €310 | -€21 | -6.2% |
| Recurring financial charges | 65 | €330 | €310 | -€21 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €148,155 | €198,967 | +€50,812 | +34.3% |
| Income taxes | 67/77 | €34,778 | €47,071 | +€12,293 | +35.3% |
| Profit (loss) for the period | 9904 | €113,377 | €151,896 | +€38,519 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €113,377 | €151,896 | +€38,519 | +34.0% |
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 21 October 2026 via checked.be.