EMPHICO: 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.
EMPHICO
Largest movements
- Financial fixed assets -€220,000
down €220,000 (-99.6%), from €220,800 to €800
- Receivables within one year +€153,449
up €153,449 (+1261.9%), from €12,160 to €165,609
of which Other amounts receivable: +€124,536
- Tangible fixed assets -€21,891
down €21,891 (-20.4%), from €107,072 to €85,181
of which Furniture and vehicles: -€22,858
- Cash -€8,765
down €8,765 (-71.7%), from €12,220 to €3,455
mainly Receivables within one year (-€153,449) and Current portion of long-term debt (-€99,352)
- Current portion of long-term debt -€99,352
down €99,352 (-81.9%), from €121,330 to €21,978
- Debts after one year -€21,978
down €21,978 (-27.9%), from €78,699 to €56,721
- Trade debts +€21,796
up €21,796 (+429.6%), from €5,074 to €26,870
- Reserves +€17,235
up €17,235 (+47.3%), from €36,401 to €53,636
of which Distributable reserves: +€17,235
- Other debts -€8,935
down €8,935 (-44.2%), from €20,210 to €11,275
- Gross operating margin +€11,273
up €11,273 (+24.1%), from €46,807 to €58,080
- Depreciation +€9,110
up €9,110 (+57.6%), from €15,815 to €24,925
- Financial income +€4,011
up €4,011 (+60963.1%), from €7 to €4,018
- Taxes +€2,595
up €2,595 (+28.9%), from €8,978 to €11,572
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.
Cash bridge derived
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 | €355,732 | €260,298 | -€95,435 | -26.8% |
| Fixed assets | 21/28 | €327,872 | €85,981 | -€241,891 | -73.8% |
| Tangible fixed assets | 22/27 | €107,072 | €85,181 | -€21,891 | -20.4% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | - | €967 | +€967 | |
| Furniture and vehicles | 24 | €107,072 | €84,214 | -€22,858 | -21.3% |
| Financial fixed assets | 28 | €220,800 | €800 | -€220,000 | -99.6% |
| Current assets | 29/58 | €27,861 | €174,317 | +€146,456 | +525.7% |
| Amounts receivable within one year | 40/41 | €12,160 | €165,609 | +€153,449 | +1261.9% |
| Trade receivables | 40 | €5,839 | €34,752 | +€28,913 | +495.2% |
| Other amounts receivable | 41 | €6,321 | €130,857 | +€124,536 | +1970.2% |
| Cash at bank and in hand | 54/58 | €12,220 | €3,455 | -€8,765 | -71.7% |
| Deferred charges and accrued income | 490/1 | €3,481 | €5,253 | +€1,772 | +50.9% |
| Total equity and liabilities | 10/49 | €355,732 | €260,298 | -€95,435 | -26.8% |
| Equity | 10/15 | €99,887 | €117,122 | +€17,235 | +17.3% |
| Contributions | 10/11 | €32,550 | €32,550 | = | 0.0% |
| Reserves | 13 | €36,401 | €53,636 | +€17,235 | +47.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €34,546 | €51,781 | +€17,235 | +49.9% |
| Profit (loss) carried forward | 14 | €30,936 | €30,936 | = | 0.0% |
| Amounts payable | 17/49 | €255,845 | €143,175 | -€112,670 | -44.0% |
| Amounts payable after more than one year | 17 | €78,699 | €56,721 | -€21,978 | -27.9% |
| Financial debts | 170/4 | €78,699 | €56,721 | -€21,978 | -27.9% |
| Amounts payable within one year | 42/48 | €177,146 | €86,454 | -€90,692 | -51.2% |
| Current portion of amounts payable after more than one year | 42 | €121,330 | €21,978 | -€99,352 | -81.9% |
| Financial debts | 43 | €15,960 | €16,969 | +€1,009 | +6.3% |
| Credit institutions | 430/8 | €15,960 | €16,969 | +€1,009 | +6.3% |
| Trade debts | 44 | €5,074 | €26,870 | +€21,796 | +429.6% |
| Suppliers | 440/4 | €5,074 | €26,870 | +€21,796 | +429.6% |
| Taxes, remuneration and social security | 45 | €14,572 | €9,363 | -€5,209 | -35.7% |
| Taxes | 450/3 | €14,572 | €9,363 | -€5,209 | -35.7% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €20,210 | €11,275 | -€8,935 | -44.2% |
| Remuneration, social security and pensions | 62 | €723 | €576 | -€147 | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,815 | €24,925 | +€9,110 | +57.6% |
| Other operating charges | 640/8 | €2,438 | €2,043 | -€395 | -16.2% |
| Gross operating margin | 9900 | €46,807 | €58,080 | +€11,273 | +24.1% |
| Operating profit (loss) | 9901 | €27,831 | €30,537 | +€2,705 | +9.7% |
| Financial income | 75/76B | €7 | €4,018 | +€4,011 | +60963.1% |
| Recurring financial income | 75 | €7 | €4,018 | +€4,011 | +60963.1% |
| Financial charges | 65/66B | €6,095 | €5,747 | -€348 | -5.7% |
| Recurring financial charges | 65 | €6,095 | €5,747 | -€348 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €21,743 | €28,807 | +€7,065 | +32.5% |
| Income taxes | 67/77 | €8,978 | €11,572 | +€2,595 | +28.9% |
| Profit (loss) for the period | 9904 | €12,765 | €17,235 | +€4,470 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,765 | €17,235 | +€4,470 | +35.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.