EMPTORES: 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.
EMPTORES
Largest movements
- Current investments +€387,257
up €387,257 (+264%), from €146,724 to €533,981
- Receivables after one year +€332,500
new in 2025: €332,500
- Cash -€116,855
down €116,855 (-59.6%), from €195,950 to €79,095
mainly Current investments (-€387,257) and Receivables after one year (-€332,500)
- Receivables within one year -€29,531
down €29,531 (-43.8%), from €67,450 to €37,920
of which Trade receivables: -€27,130
- Reserves +€520,570
up €520,570 (+134%), from €387,187 to €907,756
of which Distributable reserves: +€520,570
- Tax, wage and social debts +€88,413
up €88,413 (+8,327%), from €1,062 to €89,474
of which Taxes: +€88,218
- Other debts -€27,224
down €27,224 (-97.2%), from €28,003 to €779
- Financial income +€414,071
up €414,071 (+17,494%), from €2,367 to €416,438
- Gross operating margin +€171,517
up €171,517 (+424%), from €40,480 to €211,997
- Taxes +€91,840
up €91,840 (+767%), from €11,976 to €103,816
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 | €437,399 | €1,013,400 | +€576,001 | +132% |
| Fixed assets | 21/28 | €24,791 | €27,149 | +€2,358 | +9.5% |
| Tangible fixed assets | 22/27 | €1,261 | €3,618 | +€2,358 | +187% |
| Plant, machinery and equipment | 23 | €715 | €472 | -€243 | -34.0% |
| Furniture and vehicles | 24 | - | €660 | +€660 | |
| Other tangible fixed assets | 26 | €545 | €2,486 | +€1,940 | +356% |
| Financial fixed assets | 28 | €23,531 | €23,531 | = | 0.0% |
| Current assets | 29/58 | €412,608 | €986,251 | +€573,643 | +139% |
| Amounts receivable after more than one year | 29 | - | €332,500 | +€332,500 | |
| Other amounts receivable | 291 | - | €332,500 | +€332,500 | |
| Amounts receivable within one year | 40/41 | €67,450 | €37,920 | -€29,531 | -43.8% |
| Trade receivables | 40 | €59,425 | €32,295 | -€27,130 | -45.7% |
| Other amounts receivable | 41 | €8,025 | €5,625 | -€2,400 | -29.9% |
| Current investments | 50/53 | €146,724 | €533,981 | +€387,257 | +264% |
| Cash at bank and in hand | 54/58 | €195,950 | €79,095 | -€116,855 | -59.6% |
| Deferred charges and accrued income | 490/1 | €2,483 | €2,756 | +€272 | +11.0% |
| Total equity and liabilities | 10/49 | €437,399 | €1,013,400 | +€576,001 | +132% |
| Equity | 10/15 | €399,587 | €920,156 | +€520,570 | +130% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €387,187 | €907,756 | +€520,570 | +134% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €385,327 | €905,896 | +€520,570 | +135% |
| Amounts payable | 17/49 | €37,813 | €93,244 | +€55,431 | +147% |
| Amounts payable within one year | 42/48 | €37,813 | €93,244 | +€55,431 | +147% |
| Trade debts | 44 | €8,748 | €2,990 | -€5,758 | -65.8% |
| Suppliers | 440/4 | €8,748 | €2,990 | -€5,758 | -65.8% |
| Taxes, remuneration and social security | 45 | €1,062 | €89,474 | +€88,413 | +8,327% |
| Taxes | 450/3 | €1,062 | €89,280 | +€88,218 | +8,309% |
| Remuneration and social security | 454/9 | - | €194 | +€194 | |
| Other amounts payable | 47/48 | €28,003 | €779 | -€27,224 | -97.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388 | €1,680 | +€1,292 | +333% |
| Other operating charges | 640/8 | €2,137 | €1,748 | -€389 | -18.2% |
| Gross operating margin | 9900 | €40,480 | €211,997 | +€171,517 | +424% |
| Operating profit (loss) | 9901 | €37,954 | €208,569 | +€170,614 | +450% |
| Financial income | 75/76B | €2,367 | €416,438 | +€414,071 | +17,494% |
| Recurring financial income | 75 | €2,367 | €416,438 | +€414,071 | +17,494% |
| Financial charges | 65/66B | €179 | €621 | +€442 | +247% |
| Recurring financial charges | 65 | €179 | €621 | +€442 | +247% |
| Profit (loss) for the period before taxes | 9903 | €40,143 | €624,386 | +€584,244 | +1,455% |
| Income taxes | 67/77 | €11,976 | €103,816 | +€91,840 | +767% |
| Profit (loss) for the period | 9904 | €28,167 | €520,570 | +€492,403 | +1,748% |
| Profit (loss) for the period to be appropriated | 9905 | €28,167 | €520,570 | +€492,403 | +1,748% |
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 26 October 2026 via checked.be.