EMPOWER: 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.
EMPOWER
Largest movements
- Receivables within one year -€44,229
down €44,229 (-13.3%), from €332,835 to €288,607
of which Trade receivables: -€69,731
- Tangible fixed assets +€28,870
up €28,870 (+3,039%), from €950 to €29,820
of which Furniture and vehicles: +€29,511
- Cash +€19,464
up €19,464 (+193%), from €10,065 to €29,529
mainly Receivables within one year (+€44,229) and Advances received (+€24,000)
- Advances received +€24,000
new in 2025: €24,000
- Reserves -€13,700
down €13,700 (-4.4%), from €312,790 to €299,090
of which Distributable reserves: -€13,700
- Tax, wage and social debts -€5,418
down €5,418 (-63.9%), from €8,475 to €3,057
- Gross operating margin -€12,704
down €12,704 (-30.8%), from €41,257 to €28,553
- Financial income +€1,467
up €1,467 (+19.5%), from €7,537 to €9,004
- Taxes -€855
down €855 (-7.3%), from €11,759 to €10,904
- Depreciation +€527
up €527 (+28.6%), from €1,840 to €2,367
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 | €343,939 | €348,447 | +€4,508 | +1.3% |
| Fixed assets | 21/28 | €950 | €29,820 | +€28,870 | +3,039% |
| Tangible fixed assets | 22/27 | €950 | €29,820 | +€28,870 | +3,039% |
| Plant, machinery and equipment | 23 | €642 | - | -€642 | |
| Furniture and vehicles | 24 | €308 | €29,820 | +€29,511 | +9,571% |
| Current assets | 29/58 | €342,989 | €318,627 | -€24,362 | -7.1% |
| Amounts receivable within one year | 40/41 | €332,835 | €288,607 | -€44,229 | -13.3% |
| Trade receivables | 40 | €148,806 | €79,075 | -€69,731 | -46.9% |
| Other amounts receivable | 41 | €184,030 | €209,532 | +€25,502 | +13.9% |
| Cash at bank and in hand | 54/58 | €10,065 | €29,529 | +€19,464 | +193% |
| Deferred charges and accrued income | 490/1 | €89 | €492 | +€403 | +454% |
| Total equity and liabilities | 10/49 | €343,939 | €348,447 | +€4,508 | +1.3% |
| Equity | 10/15 | €332,790 | €319,090 | -€13,700 | -4.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €312,790 | €299,090 | -€13,700 | -4.4% |
| Tax-exempt reserves | 132 | €4,016 | €4,016 | = | 0.0% |
| Distributable reserves | 133 | €308,775 | €295,074 | -€13,700 | -4.4% |
| Amounts payable | 17/49 | €11,149 | €29,357 | +€18,208 | +163% |
| Amounts payable within one year | 42/48 | €11,149 | €29,357 | +€18,208 | +163% |
| Trade debts | 44 | €2,674 | €2,300 | -€374 | -14.0% |
| Suppliers | 440/4 | €2,674 | €2,300 | -€374 | -14.0% |
| Advances received on contracts in progress | 46 | - | €24,000 | +€24,000 | |
| Taxes, remuneration and social security | 45 | €8,475 | €3,057 | -€5,418 | -63.9% |
| Taxes | 450/3 | €8,475 | €3,057 | -€5,418 | -63.9% |
| Non-recurring operating income | 76A | €7,190 | - | -€7,190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,840 | €2,367 | +€527 | +28.6% |
| Other operating charges | 640/8 | €913 | €878 | -€36 | -3.9% |
| Gross operating margin | 9900 | €41,257 | €28,553 | -€12,704 | -30.8% |
| Operating profit (loss) | 9901 | €38,503 | €25,308 | -€13,195 | -34.3% |
| Financial income | 75/76B | €7,537 | €9,004 | +€1,467 | +19.5% |
| Recurring financial income | 75 | €7,537 | €9,004 | +€1,467 | +19.5% |
| Financial charges | 65/66B | €2,183 | €1,792 | -€391 | -17.9% |
| Recurring financial charges | 65 | €2,183 | €1,792 | -€391 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €43,858 | €32,521 | -€11,337 | -25.9% |
| Income taxes | 67/77 | €11,759 | €10,904 | -€855 | -7.3% |
| Profit (loss) for the period | 9904 | €32,099 | €21,616 | -€10,483 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,099 | €21,616 | -€10,483 | -32.7% |
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 16 October 2026 via checked.be.