Empowerment: 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.
Empowerment
Largest movements
- Cash -€20,224
down €20,224 (-63.6%), from €31,814 to €11,590
mainly Trade debts (-€17,109) and Deferred charges and accrued income (-€15,194)
- Deferred charges and accrued income +€15,194
up €15,194 (+22070.8%), from €69 to €15,262
- Receivables after one year +€11,427
up €11,427 (+17.9%), from €64,016 to €75,443
- Receivables within one year -€8,141
down €8,141 (-43.6%), from €18,675 to €10,535
of which Other amounts receivable: -€6,255
- Trade debts -€17,109
down €17,109 (-58.1%), from €29,441 to €12,332
- Profit (loss) carried forward +€7,613
up €7,613 (+11.2%), from €67,860 to €75,473
- Tax, wage and social debts +€6,908
up €6,908 (+32.0%), from €21,566 to €28,474
- Gross operating margin -€74,692
down €74,692 (-81.1%), from €92,081 to €17,389
- Taxes -€14,867
down €14,867 (-70.4%), from €21,122 to €6,255
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 | €119,367 | €116,780 | -€2,588 | -2.2% |
| Formation expenses | 20 | €843 | €0 | -€843 | -100.0% |
| Current assets | 29/58 | €118,524 | €116,780 | -€1,744 | -1.5% |
| Amounts receivable after more than one year | 29 | €64,016 | €75,443 | +€11,427 | +17.9% |
| Other amounts receivable | 291 | €64,016 | €75,443 | +€11,427 | +17.9% |
| Amounts receivable within one year | 40/41 | €18,675 | €10,535 | -€8,141 | -43.6% |
| Trade receivables | 40 | €9,386 | €7,500 | -€1,886 | -20.1% |
| Other amounts receivable | 41 | €9,290 | €3,035 | -€6,255 | -67.3% |
| Current investments | 50/53 | €3,950 | €3,950 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,814 | €11,590 | -€20,224 | -63.6% |
| Deferred charges and accrued income | 490/1 | €69 | €15,262 | +€15,194 | +22070.8% |
| Total equity and liabilities | 10/49 | €119,367 | €116,780 | -€2,588 | -2.2% |
| Equity | 10/15 | €68,360 | €75,973 | +€7,613 | +11.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,860 | €75,473 | +€7,613 | +11.2% |
| Amounts payable | 17/49 | €51,007 | €40,807 | -€10,200 | -20.0% |
| Amounts payable within one year | 42/48 | €51,007 | €40,807 | -€10,200 | -20.0% |
| Trade debts | 44 | €29,441 | €12,332 | -€17,109 | -58.1% |
| Suppliers | 440/4 | €29,441 | €12,332 | -€17,109 | -58.1% |
| Taxes, remuneration and social security | 45 | €21,566 | €28,474 | +€6,908 | +32.0% |
| Taxes | 450/3 | €21,566 | €28,474 | +€6,908 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €422 | €690 | +€268 | +63.6% |
| Other operating charges | 640/8 | €880 | €1,246 | +€367 | +41.7% |
| Gross operating margin | 9900 | €92,081 | €17,389 | -€74,692 | -81.1% |
| Operating profit (loss) | 9901 | €90,780 | €15,453 | -€75,326 | -83.0% |
| Financial charges | 65/66B | €1,798 | €1,585 | -€212 | -11.8% |
| Recurring financial charges | 65 | €1,798 | €1,585 | -€212 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €88,982 | €13,868 | -€75,114 | -84.4% |
| Income taxes | 67/77 | €21,122 | €6,255 | -€14,867 | -70.4% |
| Profit (loss) for the period | 9904 | €67,860 | €7,613 | -€60,247 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €67,860 | €7,613 | -€60,247 | -88.8% |
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 3 October 2026 via checked.be.