AF EPC CONSULT: what changed
AF EPC CONSULT
Largest movements
- Receivables within one year +€8,434
up €8,434 (+274%), from €3,077 to €11,511
of which Other amounts receivable: +€6,603
- Tangible fixed assets -€7,655
down €7,655 (-46.3%), from €16,539 to €8,884
of which Furniture and vehicles: -€5,788
- Deferred charges and accrued income -€2,928
down €2,928 (-18.5%), from €15,798 to €12,870
- Cash -€1,245
down €1,245 (-39.2%), from €3,176 to €1,932
mainly Receivables within one year (-€8,434) and Tax, wage and social debts (-€3,747)
- Profit (loss) carried forward +€6,181
up €6,181 (+33.0%), from €18,742 to €24,923
- Tax, wage and social debts -€3,747
down €3,747 (-66.1%), from €5,665 to €1,918
- Current portion of long-term debt -€3,203
down €3,203 (-69.1%), from €4,634 to €1,431
- Other debts -€2,572
no longer reported in 2025 (was €2,572)
- Debts after one year -€754
no longer reported in 2025 (was €754)
- Gross operating margin +€5,087
up €5,087 (+35.2%), from €14,455 to €19,542
- Taxes +€1,456
up €1,456 (+84.4%), from €1,725 to €3,181
- Financial charges +€1,418
up €1,418 (+112%), from €1,265 to €2,684
- Depreciation -€444
down €444 (-5.5%), from €8,099 to €7,655
- Other operating charges -€387
no longer reported in 2025 (was €387)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,591 | €35,196 | -€3,394 | -8.8% |
| Fixed assets | 21/28 | €16,539 | €8,884 | -€7,655 | -46.3% |
| Tangible fixed assets | 22/27 | €16,539 | €8,884 | -€7,655 | -46.3% |
| Plant, machinery and equipment | 23 | €7,354 | €5,487 | -€1,867 | -25.4% |
| Furniture and vehicles | 24 | €9,185 | €3,397 | -€5,788 | -63.0% |
| Current assets | 29/58 | €22,052 | €26,312 | +€4,261 | +19.3% |
| Amounts receivable within one year | 40/41 | €3,077 | €11,511 | +€8,434 | +274% |
| Trade receivables | 40 | €752 | €2,582 | +€1,830 | +243% |
| Other amounts receivable | 41 | €2,325 | €8,928 | +€6,603 | +284% |
| Cash at bank and in hand | 54/58 | €3,176 | €1,932 | -€1,245 | -39.2% |
| Deferred charges and accrued income | 490/1 | €15,798 | €12,870 | -€2,928 | -18.5% |
| Total equity and liabilities | 10/49 | €38,591 | €35,196 | -€3,394 | -8.8% |
| Equity | 10/15 | €21,242 | €27,423 | +€6,181 | +29.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,742 | €24,923 | +€6,181 | +33.0% |
| Amounts payable | 17/49 | €17,349 | €7,774 | -€9,575 | -55.2% |
| Amounts payable after more than one year | 17 | €754 | - | -€754 | |
| Financial debts | 170/4 | €754 | - | -€754 | |
| Amounts payable within one year | 42/48 | €16,595 | €7,774 | -€8,821 | -53.2% |
| Current portion of amounts payable after more than one year | 42 | €4,634 | €1,431 | -€3,203 | -69.1% |
| Trade debts | 44 | €3,723 | €4,425 | +€701 | +18.8% |
| Suppliers | 440/4 | €3,723 | €4,425 | +€701 | +18.8% |
| Taxes, remuneration and social security | 45 | €5,665 | €1,918 | -€3,747 | -66.1% |
| Taxes | 450/3 | €5,665 | €1,918 | -€3,747 | -66.1% |
| Other amounts payable | 47/48 | €2,572 | - | -€2,572 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,099 | €7,655 | -€444 | -5.5% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €14,455 | €19,542 | +€5,087 | +35.2% |
| Operating profit (loss) | 9901 | €5,968 | €11,887 | +€5,919 | +99.2% |
| Financial income | 75/76B | €344 | €158 | -€186 | -54.1% |
| Recurring financial income | 75 | €344 | €158 | -€186 | -54.1% |
| Financial charges | 65/66B | €1,265 | €2,684 | +€1,418 | +112% |
| Recurring financial charges | 65 | €1,265 | €2,684 | +€1,418 | +112% |
| Profit (loss) for the period before taxes | 9903 | €5,048 | €9,362 | +€4,314 | +85.5% |
| Income taxes | 67/77 | €1,725 | €3,181 | +€1,456 | +84.4% |
| Profit (loss) for the period | 9904 | €3,323 | €6,181 | +€2,858 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,323 | €6,181 | +€2,858 | +86.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.