EMPRENDO: 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.
EMPRENDO
Largest movements
- Receivables within one year -€56,578
down €56,578 (-51.6%), from €109,588 to €53,011
of which Other amounts receivable: -€55,346
- Financial fixed assets -€12,400
down €12,400 (-100%), from €12,400 to €0
- Tangible fixed assets -€7,526
down €7,526 (-95.7%), from €7,867 to €340
- Cash -€1,776
down €1,776 (-75.5%), from €2,354 to €578
mainly Net result for the year (-€74,988) and Trade debts (-€2,300)
- Profit (loss) carried forward -€74,988
down €74,988 (-58.0%), from -€129,196 to -€204,184
- Trade debts -€2,300
down €2,300 (-64.7%), from €3,553 to €1,253
- Financial charges +€52,224
up €52,224 (+491%), from €10,626 to €62,850
- Gross operating margin +€4,119
up €4,119 (+97.3%), from -€4,234 to -€115
- Write-downs +€1,054
new in 2025: €1,054
- Depreciation -€1,044
down €1,044 (-87.3%), from €1,196 to €152
- Other operating charges -€530
down €530 (-42.7%), from €1,239 to €710
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 | €134,737 | €56,392 | -€78,345 | -58.1% |
| Fixed assets | 21/28 | €20,267 | €340 | -€19,926 | -98.3% |
| Tangible fixed assets | 22/27 | €7,867 | €340 | -€7,526 | -95.7% |
| Furniture and vehicles | 24 | €7,867 | €340 | -€7,526 | -95.7% |
| Financial fixed assets | 28 | €12,400 | €0 | -€12,400 | -100% |
| Current assets | 29/58 | €114,470 | €56,051 | -€58,419 | -51.0% |
| Amounts receivable within one year | 40/41 | €109,588 | €53,011 | -€56,578 | -51.6% |
| Trade receivables | 40 | €4,880 | €3,648 | -€1,232 | -25.2% |
| Other amounts receivable | 41 | €104,708 | €49,363 | -€55,346 | -52.9% |
| Cash at bank and in hand | 54/58 | €2,354 | €578 | -€1,776 | -75.5% |
| Deferred charges and accrued income | 490/1 | €2,528 | €2,463 | -€65 | -2.6% |
| Total equity and liabilities | 10/49 | €134,737 | €56,392 | -€78,345 | -58.1% |
| Equity | 10/15 | €20,804 | -€54,184 | -€74,988 | |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€129,196 | -€204,184 | -€74,988 | -58.0% |
| Amounts payable | 17/49 | €113,933 | €110,576 | -€3,357 | -2.9% |
| Amounts payable within one year | 42/48 | €111,653 | €108,797 | -€2,856 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €108,000 | €107,500 | -€500 | -0.5% |
| Other loans | 439 | €108,000 | €107,500 | -€500 | -0.5% |
| Trade debts | 44 | €3,553 | €1,253 | -€2,300 | -64.7% |
| Suppliers | 440/4 | €3,553 | €1,253 | -€2,300 | -64.7% |
| Taxes, remuneration and social security | 45 | €100 | €44 | -€56 | -56.2% |
| Taxes | 450/3 | €100 | €44 | -€56 | -56.2% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €2,280 | €1,779 | -€501 | -22.0% |
| Non-recurring operating income | 76A | - | €3,475 | +€3,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,196 | €152 | -€1,044 | -87.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,054 | +€1,054 | |
| Other operating charges | 640/8 | €1,239 | €710 | -€530 | -42.7% |
| Non-recurring operating charges | 66A | - | €12,400 | +€12,400 | |
| Gross operating margin | 9900 | -€4,234 | -€115 | +€4,119 | +97.3% |
| Operating profit (loss) | 9901 | -€6,669 | -€14,431 | -€7,762 | -116% |
| Financial income | 75/76B | €2,716 | €2,293 | -€422 | -15.6% |
| Recurring financial income | 75 | €2,716 | €2,293 | -€422 | -15.6% |
| Financial charges | 65/66B | €10,626 | €62,850 | +€52,224 | +491% |
| Recurring financial charges | 65 | €10,626 | €62,850 | +€52,224 | +491% |
| Profit (loss) for the period before taxes | 9903 | -€14,579 | -€74,988 | -€60,409 | -414% |
| Profit (loss) for the period | 9904 | -€14,579 | -€74,988 | -€60,409 | -414% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,579 | -€74,988 | -€60,409 | -414% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.