EMPYCON: 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.
EMPYCON
Largest movements
- Tangible fixed assets -€30,773
down €30,773 (-10.0%), from €307,579 to €276,805
of which Furniture and vehicles: -€24,885
- Current investments +€21,257
up €21,257 (+88.9%), from €23,908 to €45,164
- Cash +€18,828
up €18,828 (+201%), from €9,364 to €28,192
mainly Net result for the year (+€63,580) and Depreciation (+€38,639)
- Reserves +€63,580
up €63,580 (+22.0%), from €288,947 to €352,526
of which Distributable reserves: +€63,580
- Current portion of long-term debt -€30,221
down €30,221 (-77.6%), from €38,932 to €8,711
- Debts after one year -€8,711
down €8,711 (-100%), from €8,711 to €0
- Trade debts -€7,880
down €7,880 (-85.6%), from €9,208 to €1,329
- Gross operating margin +€29,624
up €29,624 (+29.4%), from €100,794 to €130,418
- Financial income -€15,251
down €15,251 (-99.8%), from €15,281 to €30
- Taxes +€4,675
up €4,675 (+22.9%), from €20,382 to €25,057
- Financial charges -€2,924
down €2,924 (-67.7%), from €4,322 to €1,398
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €379,612 | €388,619 | +€9,008 | +2.4% |
| Fixed assets | 21/28 | €307,969 | €277,195 | -€30,773 | -10.0% |
| Tangible fixed assets | 22/27 | €307,579 | €276,805 | -€30,773 | -10.0% |
| Land and buildings | 22 | €268,982 | €256,181 | -€12,801 | -4.8% |
| Plant, machinery and equipment | 23 | €1,088 | €8,001 | +€6,913 | +636% |
| Furniture and vehicles | 24 | €37,509 | €12,623 | -€24,885 | -66.3% |
| Financial fixed assets | 28 | €390 | €390 | = | 0.0% |
| Current assets | 29/58 | €71,643 | €111,424 | +€39,781 | +55.5% |
| Stocks and contracts in progress | 3 | €5,642 | €5,247 | -€394 | -7.0% |
| Stocks | 30/36 | €5,642 | €5,247 | -€394 | -7.0% |
| Amounts receivable within one year | 40/41 | €29,302 | €28,906 | -€396 | -1.4% |
| Trade receivables | 40 | €27,536 | €28,859 | +€1,323 | +4.8% |
| Other amounts receivable | 41 | €1,766 | €47 | -€1,718 | -97.3% |
| Current investments | 50/53 | €23,908 | €45,164 | +€21,257 | +88.9% |
| Cash at bank and in hand | 54/58 | €9,364 | €28,192 | +€18,828 | +201% |
| Deferred charges and accrued income | 490/1 | €3,428 | €3,915 | +€487 | +14.2% |
| Total equity and liabilities | 10/49 | €379,612 | €388,619 | +€9,008 | +2.4% |
| Equity | 10/15 | €295,147 | €358,726 | +€63,580 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €288,947 | €352,526 | +€63,580 | +22.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €288,947 | €352,526 | +€63,580 | +22.0% |
| Amounts payable | 17/49 | €84,465 | €29,893 | -€54,572 | -64.6% |
| Amounts payable after more than one year | 17 | €8,711 | €0 | -€8,711 | -100% |
| Financial debts | 170/4 | €8,711 | €0 | -€8,711 | -100% |
| Amounts payable within one year | 42/48 | €72,540 | €29,405 | -€43,135 | -59.5% |
| Current portion of amounts payable after more than one year | 42 | €38,932 | €8,711 | -€30,221 | -77.6% |
| Financial debts | 43 | €0 | - | = | |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €9,208 | €1,329 | -€7,880 | -85.6% |
| Suppliers | 440/4 | €9,208 | €1,329 | -€7,880 | -85.6% |
| Taxes, remuneration and social security | 45 | €15,666 | €12,542 | -€3,124 | -19.9% |
| Taxes | 450/3 | €15,666 | €12,542 | -€3,124 | -19.9% |
| Other amounts payable | 47/48 | €8,734 | €6,823 | -€1,911 | -21.9% |
| Accrued charges and deferred income | 492/3 | €3,214 | €488 | -€2,726 | -84.8% |
| Non-recurring operating income | 76A | €0 | €1,650 | +€1,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,835 | €38,639 | -€1,196 | -3.0% |
| Other operating charges | 640/8 | €1,877 | €1,774 | -€103 | -5.5% |
| Gross operating margin | 9900 | €100,794 | €130,418 | +€29,624 | +29.4% |
| Operating profit (loss) | 9901 | €59,082 | €90,005 | +€30,923 | +52.3% |
| Financial income | 75/76B | €15,281 | €30 | -€15,251 | -99.8% |
| Recurring financial income | 75 | €15,281 | €30 | -€15,251 | -99.8% |
| Financial charges | 65/66B | €4,322 | €1,398 | -€2,924 | -67.7% |
| Recurring financial charges | 65 | €4,322 | €1,398 | -€2,924 | -67.7% |
| Profit (loss) for the period before taxes | 9903 | €70,041 | €88,637 | +€18,596 | +26.6% |
| Income taxes | 67/77 | €20,382 | €25,057 | +€4,675 | +22.9% |
| Profit (loss) for the period | 9904 | €49,659 | €63,580 | +€13,921 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,659 | €63,580 | +€13,921 | +28.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.