Empress Development: 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.
Empress Development
Largest movements
- Tangible fixed assets -€20,927
down €20,927 (-13.8%), from €152,183 to €131,256
of which Land and buildings: -€14,251
- Receivables within one year -€15,289
down €15,289 (-22.2%), from €68,806 to €53,517
of which Trade receivables: -€11,302
- Cash +€4,136
up €4,136 (+9.7%), from €42,767 to €46,904
mainly Depreciation (+€20,927) and Receivables within one year (+€15,289)
- Tax, wage and social debts -€28,763
down €28,763 (-73.5%), from €39,155 to €10,391
of which Taxes: -€18,800
- Debts after one year -€15,828
down €15,828 (-13.3%), from €118,743 to €102,915
- Short-term financial debts +€9,995
up €9,995 (+34.5%), from €29,005 to €39,000
- Reserves +€7,833
up €7,833 (+7.0%), from €111,980 to €119,813
of which Distributable reserves: +€8,000
- Gross operating margin -€68,571
down €68,571 (-61.8%), from €110,976 to €42,405
- Staff costs -€41,037
down €41,037 (-89.6%), from €45,809 to €4,771
- Taxes -€7,174
down €7,174 (-52.7%), from €13,623 to €6,448
- Financial charges -€3,863
down €3,863 (-42.1%), from €9,171 to €5,309
- Other operating charges +€2,262
up €2,262 (+103.4%), from €2,187 to €4,449
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 | €386,931 | €354,791 | -€32,140 | -8.3% |
| Fixed assets | 21/28 | €152,419 | €131,493 | -€20,927 | -13.7% |
| Tangible fixed assets | 22/27 | €152,183 | €131,256 | -€20,927 | -13.8% |
| Land and buildings | 22 | €140,522 | €126,272 | -€14,251 | -10.1% |
| Plant, machinery and equipment | 23 | €562 | €236 | -€326 | -58.0% |
| Furniture and vehicles | 24 | €9,675 | €4,004 | -€5,671 | -58.6% |
| Other tangible fixed assets | 26 | €1,423 | €744 | -€679 | -47.7% |
| Financial fixed assets | 28 | €237 | €237 | = | 0.0% |
| Current assets | 29/58 | €234,512 | €223,298 | -€11,214 | -4.8% |
| Amounts receivable after more than one year | 29 | €113,000 | €113,000 | = | 0.0% |
| Other amounts receivable | 291 | €113,000 | €113,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,806 | €53,517 | -€15,289 | -22.2% |
| Trade receivables | 40 | €22,260 | €10,958 | -€11,302 | -50.8% |
| Other amounts receivable | 41 | €46,545 | €42,558 | -€3,987 | -8.6% |
| Cash at bank and in hand | 54/58 | €42,767 | €46,904 | +€4,136 | +9.7% |
| Deferred charges and accrued income | 490/1 | €9,938 | €9,877 | -€61 | -0.6% |
| Total equity and liabilities | 10/49 | €386,931 | €354,791 | -€32,140 | -8.3% |
| Equity | 10/15 | €130,580 | €138,846 | +€8,266 | +6.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €111,980 | €119,813 | +€7,833 | +7.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,675 | €20,507 | -€167 | -0.8% |
| Distributable reserves | 133 | €89,446 | €97,446 | +€8,000 | +8.9% |
| Profit (loss) carried forward | 14 | - | €433 | +€433 | |
| Provisions and deferred taxes | 16 | €642 | €586 | -€56 | -8.7% |
| Deferred taxes | 168 | €642 | €586 | -€56 | -8.7% |
| Amounts payable | 17/49 | €255,709 | €215,359 | -€40,350 | -15.8% |
| Amounts payable after more than one year | 17 | €118,743 | €102,915 | -€15,828 | -13.3% |
| Financial debts | 170/4 | €118,743 | €102,915 | -€15,828 | -13.3% |
| Amounts payable within one year | 42/48 | €136,966 | €112,285 | -€24,681 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €22,083 | €18,828 | -€3,255 | -14.7% |
| Financial debts | 43 | €29,005 | €39,000 | +€9,995 | +34.5% |
| Credit institutions | 430/8 | €29,005 | €39,000 | +€9,995 | +34.5% |
| Trade debts | 44 | €46,197 | €43,540 | -€2,658 | -5.8% |
| Suppliers | 440/4 | €46,197 | €43,540 | -€2,658 | -5.8% |
| Advances received on contracts in progress | 46 | €526 | €526 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €39,155 | €10,391 | -€28,763 | -73.5% |
| Taxes | 450/3 | €29,191 | €10,391 | -€18,800 | -64.4% |
| Remuneration and social security | 454/9 | €9,963 | €0 | -€9,963 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €159 | +€159 | |
| Remuneration, social security and pensions | 62 | €45,809 | €4,771 | -€41,037 | -89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,873 | €20,927 | -€947 | -4.3% |
| Other operating charges | 640/8 | €2,187 | €4,449 | +€2,262 | +103.4% |
| Gross operating margin | 9900 | €110,976 | €42,405 | -€68,571 | -61.8% |
| Operating profit (loss) | 9901 | €41,107 | €12,258 | -€28,849 | -70.2% |
| Financial income | 75/76B | €5,646 | €7,709 | +€2,063 | +36.5% |
| Recurring financial income | 75 | €5,646 | €7,709 | +€2,063 | +36.5% |
| Financial charges | 65/66B | €9,171 | €5,309 | -€3,863 | -42.1% |
| Recurring financial charges | 65 | €9,171 | €5,309 | -€3,863 | -42.1% |
| Profit (loss) for the period before taxes | 9903 | €37,582 | €14,658 | -€22,924 | -61.0% |
| Transfer from deferred taxes | 780 | €56 | €56 | +€0 | 0.0% |
| Income taxes | 67/77 | €13,623 | €6,448 | -€7,174 | -52.7% |
| Profit (loss) for the period | 9904 | €24,015 | €8,266 | -€15,750 | -65.6% |
| Transfer from tax-exempt reserves | 789 | €167 | €167 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,182 | €8,433 | -€15,750 | -65.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.