EMPRESARI: 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.
EMPRESARI
Largest movements
- Receivables within one year +€12,243
up €12,243 (+38.6%), from €31,705 to €43,948
of which Trade receivables: +€20,000
- Tangible fixed assets -€10,934
down €10,934 (-62.2%), from €17,590 to €6,656
of which Furniture and vehicles: -€12,135
- Deferred charges and accrued income -€889
no longer reported in 2025 (was €889)
- Cash -€871
down €871 (-10.5%), from €8,283 to €7,412
mainly Other debts (-€26,818) and Debts after one year (-€20,747)
- Profit (loss) carried forward +€46,991
up €46,991 (+86.2%), from -€54,490 to -€7,498
- Other debts -€26,818
down €26,818 (-87.0%), from €30,818 to €4,000
- Debts after one year -€20,747
down €20,747 (-74.3%), from €27,939 to €7,192
- Tax, wage and social debts +€3,095
up €3,095 (+538.5%), from €575 to €3,670
- Trade debts -€1,490
down €1,490 (-22.3%), from €6,691 to €5,201
- Financial charges -€140,126
down €140,126 (-97.4%), from €143,928 to €3,802
of which Non-recurring financial charges: -€138,406
- Gross operating margin +€27,141
up €27,141 (+48.5%), from €55,960 to €83,102
- Taxes +€14,110
up €14,110 (+453.3%), from €3,113 to €17,223
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 | €58,469 | €58,038 | -€430 | -0.7% |
| Fixed assets | 21/28 | €17,590 | €6,656 | -€10,934 | -62.2% |
| Tangible fixed assets | 22/27 | €17,590 | €6,656 | -€10,934 | -62.2% |
| Plant, machinery and equipment | 23 | €137 | - | -€137 | |
| Furniture and vehicles | 24 | €17,452 | €5,317 | -€12,135 | -69.5% |
| Other tangible fixed assets | 26 | - | €1,339 | +€1,339 | |
| Current assets | 29/58 | €40,879 | €51,382 | +€10,503 | +25.7% |
| Amounts receivable within one year | 40/41 | €31,705 | €43,948 | +€12,243 | +38.6% |
| Trade receivables | 40 | €10,200 | €30,200 | +€20,000 | +196.1% |
| Other amounts receivable | 41 | €21,505 | €13,748 | -€7,757 | -36.1% |
| Current investments | 50/53 | €2 | €23 | +€21 | +1181.9% |
| Cash at bank and in hand | 54/58 | €8,283 | €7,412 | -€871 | -10.5% |
| Deferred charges and accrued income | 490/1 | €889 | - | -€889 | |
| Total equity and liabilities | 10/49 | €58,469 | €58,038 | -€430 | -0.7% |
| Equity | 10/15 | -€46,430 | €562 | +€46,991 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€54,490 | -€7,498 | +€46,991 | +86.2% |
| Amounts payable | 17/49 | €104,898 | €57,477 | -€47,422 | -45.2% |
| Amounts payable after more than one year | 17 | €27,939 | €7,192 | -€20,747 | -74.3% |
| Financial debts | 170/4 | €27,939 | €7,192 | -€20,747 | -74.3% |
| Amounts payable within one year | 42/48 | €76,959 | €50,284 | -€26,675 | -34.7% |
| Current portion of amounts payable after more than one year | 42 | €38,876 | €37,413 | -€1,462 | -3.8% |
| Trade debts | 44 | €6,691 | €5,201 | -€1,490 | -22.3% |
| Suppliers | 440/4 | €6,691 | €5,201 | -€1,490 | -22.3% |
| Taxes, remuneration and social security | 45 | €575 | €3,670 | +€3,095 | +538.5% |
| Taxes | 450/3 | €575 | €3,670 | +€3,095 | +538.5% |
| Other amounts payable | 47/48 | €30,818 | €4,000 | -€26,818 | -87.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,128 | €12,307 | -€821 | -6.3% |
| Other operating charges | 640/8 | €768 | €711 | -€56 | -7.3% |
| Non-recurring operating charges | 66A | - | €2,300 | +€2,300 | |
| Gross operating margin | 9900 | €55,960 | €83,102 | +€27,141 | +48.5% |
| Operating profit (loss) | 9901 | €42,065 | €67,784 | +€25,719 | +61.1% |
| Financial income | 75/76B | €7 | €232 | +€225 | +3158.9% |
| Recurring financial income | 75 | €7 | €232 | +€225 | +3158.9% |
| Financial charges | 65/66B | €143,928 | €3,802 | -€140,126 | -97.4% |
| Recurring financial charges | 65 | €5,523 | €3,802 | -€1,721 | -31.2% |
| Non-recurring financial charges | 66B | €138,406 | - | -€138,406 | |
| Profit (loss) for the period before taxes | 9903 | -€101,856 | €64,214 | +€166,071 | |
| Income taxes | 67/77 | €3,113 | €17,223 | +€14,110 | +453.3% |
| Profit (loss) for the period | 9904 | -€104,969 | €46,991 | +€151,961 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,969 | €46,991 | +€151,961 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.