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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.

What changed

EMPOWER

BE 0414.490.797
NACE 16.110, Sawmilling and planing of wood
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€21,616
2024 · €32,099-€10,483
Equity
€319,090
2024 · €332,790-€13,700
Cash
€29,529
2024 · €10,065+€19,464
Balance sheet total
€348,447
2024 · €343,939+€4,508

Largest movements

2024 to 2025
Assets
  • 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)

Equity and liabilities
  • 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

Income statement
  • 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

effect on the 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.

Result 2024 €32,099
Gross operating margin -€12,704
Depreciation -€527
Other operating charges +€36
Financial income +€1,467
Financial charges +€391
Taxes +€855
Result 2025 €21,616
raises the resultlowers the result

Derived cash bridge

cash 2024 to 2025

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.

From operations +€86,017
Investment -€31,237
Financing -€35,316
Cash 2024 €10,065
Net result for the year +€21,616
Depreciation +€2,367
Receivables within one year +€44,229
Deferred charges and accrued income -€403
Trade debts -€374
Tax, wage and social debts -€5,418
Advances received +€24,000
Investment in fixed assets (net) -€31,237
Contributions, distributions and other -€35,316
Cash 2025 €29,529
brings cash intakes cash out
Every line side by side 37 lines
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.