EMPIRICAL Consulting: 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.
EMPIRICAL Consulting
Largest movements
- Cash +€303,326
up €303,326 (+218%), from €139,268 to €442,594
mainly Current investments (+€300,000) and Debts after one year (+€20,936)
- Current investments -€300,000
no longer reported in 2025 (was €300,000)
- Tangible fixed assets +€21,468
up €21,468 (+2,870%), from €748 to €22,216
of which Furniture and vehicles: +€22,216
- Debts after one year +€20,936
new in 2025: €20,936
- Other debts -€5,943
down €5,943 (-56.6%), from €10,496 to €4,553
- Current portion of long-term debt +€5,324
new in 2025: €5,324
- Gross operating margin +€10,600
up €10,600, from -€5,536 to €5,064
- Financial income +€3,772
up €3,772 (+73.5%), from €5,133 to €8,905
- Depreciation +€3,756
up €3,756 (+473%), from €794 to €4,550
- Taxes +€3,055
up €3,055 (+603%), from €507 to €3,562
- Other operating charges +€544
up €544 (+51.1%), from €1,064 to €1,607
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 | €450,795 | €470,621 | +€19,826 | +4.4% |
| Fixed assets | 21/28 | €748 | €22,216 | +€21,468 | +2,870% |
| Tangible fixed assets | 22/27 | €748 | €22,216 | +€21,468 | +2,870% |
| Furniture and vehicles | 24 | - | €22,216 | +€22,216 | |
| Other tangible fixed assets | 26 | €748 | - | -€748 | |
| Current assets | 29/58 | €450,047 | €448,405 | -€1,642 | -0.4% |
| Amounts receivable within one year | 40/41 | €4,223 | €3,378 | -€846 | -20.0% |
| Trade receivables | 40 | €723 | €2,621 | +€1,898 | +263% |
| Other amounts receivable | 41 | €3,500 | €757 | -€2,744 | -78.4% |
| Current investments | 50/53 | €300,000 | - | -€300,000 | |
| Cash at bank and in hand | 54/58 | €139,268 | €442,594 | +€303,326 | +218% |
| Deferred charges and accrued income | 490/1 | €6,556 | €2,433 | -€4,123 | -62.9% |
| Total equity and liabilities | 10/49 | €450,795 | €470,621 | +€19,826 | +4.4% |
| Equity | 10/15 | €435,282 | €438,749 | +€3,467 | +0.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €87,500 | €90,900 | +€3,400 | +3.9% |
| Tax-exempt reserves | 132 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €72,000 | €75,400 | +€3,400 | +4.7% |
| Profit (loss) carried forward | 14 | €327,322 | €327,389 | +€67 | 0.0% |
| Amounts payable | 17/49 | €15,513 | €31,871 | +€16,358 | +105% |
| Amounts payable after more than one year | 17 | - | €20,936 | +€20,936 | |
| Financial debts | 170/4 | - | €20,936 | +€20,936 | |
| Amounts payable within one year | 42/48 | €14,313 | €10,886 | -€3,428 | -23.9% |
| Current portion of amounts payable after more than one year | 42 | - | €5,324 | +€5,324 | |
| Trade debts | 44 | €3,374 | €366 | -€3,008 | -89.2% |
| Suppliers | 440/4 | €3,374 | €366 | -€3,008 | -89.2% |
| Taxes, remuneration and social security | 45 | €443 | €642 | +€199 | +44.8% |
| Taxes | 450/3 | €443 | €642 | +€199 | +44.8% |
| Other amounts payable | 47/48 | €10,496 | €4,553 | -€5,943 | -56.6% |
| Accrued charges and deferred income | 492/3 | €1,200 | €50 | -€1,150 | -95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €794 | €4,550 | +€3,756 | +473% |
| Other operating charges | 640/8 | €1,064 | €1,607 | +€544 | +51.1% |
| Gross operating margin | 9900 | -€5,536 | €5,064 | +€10,600 | |
| Operating profit (loss) | 9901 | -€7,393 | -€1,093 | +€6,300 | +85.2% |
| Financial income | 75/76B | €5,133 | €8,905 | +€3,772 | +73.5% |
| Recurring financial income | 75 | €5,133 | €8,905 | +€3,772 | +73.5% |
| Financial charges | 65/66B | €328 | €782 | +€454 | +138% |
| Recurring financial charges | 65 | €328 | €782 | +€454 | +138% |
| Profit (loss) for the period before taxes | 9903 | -€2,589 | €7,029 | +€9,618 | |
| Income taxes | 67/77 | €507 | €3,562 | +€3,055 | +603% |
| Profit (loss) for the period | 9904 | -€3,095 | €3,467 | +€6,563 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,095 | €3,467 | +€6,563 |
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 26 October 2026 via checked.be.