EMPIRE: 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.
EMPIRE
Largest movements
- Current investments +€43,449
new in 2025: €43,449
- Cash -€18,903
down €18,903 (-30.4%), from €62,189 to €43,286
mainly Current investments (-€43,449) and Deferred charges and accrued income (-€4,813)
- Tangible fixed assets -€13,062
down €13,062 (-4.7%), from €277,705 to €264,643
of which Land and buildings: -€7,766
- Deferred charges and accrued income +€4,813
up €4,813 (+272.0%), from €1,769 to €6,583
- Profit (loss) carried forward +€20,879
up €20,879 (+18.7%), from -€111,537 to -€90,658
- Reserves -€6,499
down €6,499 (-5.1%), from €126,593 to €120,094
- Trade debts +€4,230
up €4,230 (+573.6%), from €737 to €4,968
- Debts after one year -€3,785
down €3,785 (-100.0%), from €3,785 to €0
- Depreciation -€9,691
down €9,691 (-42.6%), from €22,753 to €13,062
- Gross operating margin +€2,572
up €2,572 (+8.3%), from €31,050 to €33,623
- Taxes +€2,544
up €2,544 (+553.2%), from €460 to €3,004
- Other operating charges +€1,201
up €1,201 (+50.7%), from €2,366 to €3,567
- Financial charges +€597
up €597 (+84.0%), from €711 to €1,308
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 | €356,075 | €370,280 | +€14,205 | +4.0% |
| Fixed assets | 21/28 | €277,705 | €264,643 | -€13,062 | -4.7% |
| Tangible fixed assets | 22/27 | €277,705 | €264,643 | -€13,062 | -4.7% |
| Land and buildings | 22 | €263,520 | €255,754 | -€7,766 | -2.9% |
| Plant, machinery and equipment | 23 | €179 | €0 | -€179 | -100.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Leasing and similar rights | 25 | €14,006 | €8,889 | -€5,117 | -36.5% |
| Current assets | 29/58 | €78,370 | €105,638 | +€27,267 | +34.8% |
| Amounts receivable within one year | 40/41 | €14,412 | €12,320 | -€2,092 | -14.5% |
| Trade receivables | 40 | €13,271 | €12,320 | -€952 | -7.2% |
| Other amounts receivable | 41 | €1,140 | €0 | -€1,140 | -100.0% |
| Current investments | 50/53 | - | €43,449 | +€43,449 | |
| Cash at bank and in hand | 54/58 | €62,189 | €43,286 | -€18,903 | -30.4% |
| Deferred charges and accrued income | 490/1 | €1,769 | €6,583 | +€4,813 | +272.0% |
| Total equity and liabilities | 10/49 | €356,075 | €370,280 | +€14,205 | +4.0% |
| Equity | 10/15 | €17,055 | €31,436 | +€14,381 | +84.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €126,593 | €120,094 | -€6,499 | -5.1% |
| Tax-exempt reserves | 132 | €126,593 | €120,094 | -€6,499 | -5.1% |
| Profit (loss) carried forward | 14 | -€111,537 | -€90,658 | +€20,879 | +18.7% |
| Provisions and deferred taxes | 16 | €31,648 | €30,023 | -€1,625 | -5.1% |
| Deferred taxes | 168 | €31,648 | €30,023 | -€1,625 | -5.1% |
| Amounts payable | 17/49 | €307,372 | €308,820 | +€1,449 | +0.5% |
| Amounts payable after more than one year | 17 | €3,785 | €0 | -€3,785 | -100.0% |
| Financial debts | 170/4 | €3,785 | €0 | -€3,785 | -100.0% |
| Amounts payable within one year | 42/48 | €302,896 | €308,096 | +€5,200 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €5,521 | €3,785 | -€1,736 | -31.4% |
| Financial debts | 43 | - | €49 | +€49 | |
| Credit institutions | 430/8 | - | €49 | +€49 | |
| Trade debts | 44 | €737 | €4,968 | +€4,230 | +573.6% |
| Suppliers | 440/4 | €737 | €4,968 | +€4,230 | +573.6% |
| Taxes, remuneration and social security | 45 | €6,243 | €7,540 | +€1,298 | +20.8% |
| Taxes | 450/3 | €6,243 | €7,540 | +€1,298 | +20.8% |
| Other amounts payable | 47/48 | €290,395 | €291,754 | +€1,359 | +0.5% |
| Accrued charges and deferred income | 492/3 | €691 | €725 | +€34 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,753 | €13,062 | -€9,691 | -42.6% |
| Other operating charges | 640/8 | €2,366 | €3,567 | +€1,201 | +50.7% |
| Non-recurring operating charges | 66A | €305 | €0 | -€305 | -100.0% |
| Gross operating margin | 9900 | €31,050 | €33,623 | +€2,572 | +8.3% |
| Operating profit (loss) | 9901 | €5,625 | €16,993 | +€11,368 | +202.1% |
| Financial income | 75/76B | €1 | €75 | +€74 | +14854.0% |
| Recurring financial income | 75 | €1 | €75 | +€74 | +14854.0% |
| Financial charges | 65/66B | €711 | €1,308 | +€597 | +84.0% |
| Recurring financial charges | 65 | €711 | €1,308 | +€597 | +84.0% |
| Profit (loss) for the period before taxes | 9903 | €4,915 | €15,760 | +€10,845 | +220.7% |
| Transfer from deferred taxes | 780 | €2,942 | €1,625 | -€1,317 | -44.8% |
| Income taxes | 67/77 | €460 | €3,004 | +€2,544 | +553.2% |
| Profit (loss) for the period | 9904 | €7,397 | €14,381 | +€6,984 | +94.4% |
| Transfer from tax-exempt reserves | 789 | €11,767 | €6,499 | -€5,269 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,164 | €20,879 | +€1,715 | +8.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.