AEPHIS CONSULTING: 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.
AEPHIS CONSULTING
Largest movements
- Current investments +€163,730
up €163,730 (+145%), from €112,711 to €276,441
- Tangible fixed assets -€128,592
down €128,592 (-8.3%), from €1.6m to €1.4m
of which Land and buildings: -€122,147
- Cash +€24,783
up €24,783 (+44.6%), from €55,518 to €80,301
mainly Net result for the year (+€151,899) and Depreciation (+€129,996)
- Reserves +€152,000
up €152,000 (+35.3%), from €431,160 to €583,160
- Debts after one year -€106,105
down €106,105 (-11.0%), from €967,600 to €861,495
- Tax, wage and social debts +€27,160
up €27,160 (+96.3%), from €28,198 to €55,359
of which Taxes: +€29,197
- Gross operating margin +€76,851
up €76,851 (+25.4%), from €303,030 to €379,881
- Staff costs -€41,903
down €41,903, from €39,601 to -€2,301
- Taxes +€39,759
up €39,759 (+163%), from €24,343 to €64,102
- Depreciation +€6,621
up €6,621 (+5.4%), from €123,376 to €129,996
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 | €1,763,325 | €1,844,097 | +€80,772 | +4.6% |
| Fixed assets | 21/28 | €1,554,364 | €1,425,771 | -€128,592 | -8.3% |
| Tangible fixed assets | 22/27 | €1,554,364 | €1,425,771 | -€128,592 | -8.3% |
| Land and buildings | 22 | €1,519,518 | €1,397,371 | -€122,147 | -8.0% |
| Plant, machinery and equipment | 23 | €748 | €444 | -€304 | -40.6% |
| Furniture and vehicles | 24 | €33,256 | €27,754 | -€5,502 | -16.5% |
| Other tangible fixed assets | 26 | €841 | €202 | -€639 | -76.0% |
| Current assets | 29/58 | €208,961 | €418,326 | +€209,364 | +100% |
| Amounts receivable within one year | 40/41 | €35,433 | €50,643 | +€15,210 | +42.9% |
| Trade receivables | 40 | €35,379 | €50,643 | +€15,264 | +43.1% |
| Other amounts receivable | 41 | €54 | €0 | -€54 | -100% |
| Current investments | 50/53 | €112,711 | €276,441 | +€163,730 | +145% |
| Cash at bank and in hand | 54/58 | €55,518 | €80,301 | +€24,783 | +44.6% |
| Deferred charges and accrued income | 490/1 | €5,299 | €10,941 | +€5,642 | +106% |
| Total equity and liabilities | 10/49 | €1,763,325 | €1,844,097 | +€80,772 | +4.6% |
| Equity | 10/15 | €539,846 | €691,744 | +€151,899 | +28.1% |
| Contributions | 10/11 | €107,900 | €107,900 | = | 0.0% |
| Reserves | 13 | €431,160 | €583,160 | +€152,000 | +35.3% |
| Distributable reserves | 133 | €431,160 | €583,160 | +€152,000 | +35.3% |
| Profit (loss) carried forward | 14 | €785 | €684 | -€101 | -12.9% |
| Amounts payable | 17/49 | €1,223,479 | €1,152,353 | -€71,126 | -5.8% |
| Amounts payable after more than one year | 17 | €967,600 | €861,495 | -€106,105 | -11.0% |
| Financial debts | 170/4 | €967,600 | €861,495 | -€106,105 | -11.0% |
| Amounts payable within one year | 42/48 | €245,029 | €283,201 | +€38,172 | +15.6% |
| Current portion of amounts payable after more than one year | 42 | €104,257 | €106,105 | +€1,849 | +1.8% |
| Trade debts | 44 | €4,836 | €7,202 | +€2,366 | +48.9% |
| Suppliers | 440/4 | €4,836 | €7,202 | +€2,366 | +48.9% |
| Taxes, remuneration and social security | 45 | €28,198 | €55,359 | +€27,160 | +96.3% |
| Taxes | 450/3 | €20,492 | €49,689 | +€29,197 | +142% |
| Remuneration and social security | 454/9 | €7,707 | €5,670 | -€2,037 | -26.4% |
| Other amounts payable | 47/48 | €107,738 | €114,535 | +€6,797 | +6.3% |
| Accrued charges and deferred income | 492/3 | €10,851 | €7,657 | -€3,193 | -29.4% |
| Remuneration, social security and pensions | 62 | €39,601 | -€2,301 | -€41,903 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,376 | €129,996 | +€6,621 | +5.4% |
| Other operating charges | 640/8 | €13,811 | €12,825 | -€986 | -7.1% |
| Gross operating margin | 9900 | €303,030 | €379,881 | +€76,851 | +25.4% |
| Operating profit (loss) | 9901 | €126,242 | €239,362 | +€113,119 | +89.6% |
| Financial income | 75/76B | €1,670 | €2,483 | +€813 | +48.7% |
| Recurring financial income | 75 | €1,670 | €2,483 | +€813 | +48.7% |
| Financial charges | 65/66B | €22,784 | €25,844 | +€3,059 | +13.4% |
| Recurring financial charges | 65 | €22,784 | €25,844 | +€3,059 | +13.4% |
| Profit (loss) for the period before taxes | 9903 | €105,128 | €216,001 | +€110,873 | +105% |
| Income taxes | 67/77 | €24,343 | €64,102 | +€39,759 | +163% |
| Profit (loss) for the period | 9904 | €80,785 | €151,899 | +€71,113 | +88.0% |
| Profit (loss) for the period to be appropriated | 9905 | €80,785 | €151,899 | +€71,113 | +88.0% |
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 24 October 2026 via checked.be.