D'EPOQUE: 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.
D'EPOQUE
Largest movements
- Cash +€243,243
up €243,243 (+20.0%), from €1.2m to €1.5m
mainly Net result for the year (+€345,502) and Depreciation (+€37,868)
- Tangible fixed assets -€37,081
down €37,081 (-11.2%), from €330,628 to €293,547
of which Land and buildings: -€22,352
- Receivables within one year +€21,399
up €21,399 (+43.0%), from €49,795 to €71,195
of which Other amounts receivable: +€19,799
- Reserves +€345,502
up €345,502 (+29.1%), from €1.2m to €1.5m
of which Distributable reserves: +€219,202
- Tax, wage and social debts -€67,730
down €67,730 (-78.6%), from €86,184 to €18,454
- Other debts -€46,113
down €46,113 (-60.6%), from €76,113 to €30,000
- Debts after one year -€21,921
down €21,921 (-17.2%), from €127,816 to €105,894
- Gross operating margin -€18,957
down €18,957 (-3.4%), from €553,701 to €534,744
- Financial income +€13,165
up €13,165 (+9882.5%), from €133 to €13,299
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 | €1,615,320 | €1,829,968 | +€214,649 | +13.3% |
| Fixed assets | 21/28 | €331,218 | €294,072 | -€37,146 | -11.2% |
| Tangible fixed assets | 22/27 | €330,628 | €293,547 | -€37,081 | -11.2% |
| Land and buildings | 22 | €292,188 | €269,837 | -€22,352 | -7.6% |
| Plant, machinery and equipment | 23 | €3,942 | €2,618 | -€1,324 | -33.6% |
| Furniture and vehicles | 24 | €34,498 | €21,092 | -€13,406 | -38.9% |
| Financial fixed assets | 28 | €590 | €525 | -€65 | -11.0% |
| Current assets | 29/58 | €1,284,102 | €1,535,897 | +€251,795 | +19.6% |
| Stocks and contracts in progress | 3 | €20,101 | €7,253 | -€12,848 | -63.9% |
| Stocks | 30/36 | €20,101 | €7,253 | -€12,848 | -63.9% |
| Amounts receivable within one year | 40/41 | €49,795 | €71,195 | +€21,399 | +43.0% |
| Trade receivables | 40 | €17,992 | €19,592 | +€1,600 | +8.9% |
| Other amounts receivable | 41 | €31,803 | €51,602 | +€19,799 | +62.3% |
| Cash at bank and in hand | 54/58 | €1,214,205 | €1,457,449 | +€243,243 | +20.0% |
| Total equity and liabilities | 10/49 | €1,615,320 | €1,829,968 | +€214,649 | +13.3% |
| Equity | 10/15 | €1,206,831 | €1,552,333 | +€345,502 | +28.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,188,231 | €1,533,733 | +€345,502 | +29.1% |
| Tax-exempt reserves | 132 | €218,920 | €345,220 | +€126,300 | +57.7% |
| Distributable reserves | 133 | €969,311 | €1,188,513 | +€219,202 | +22.6% |
| Amounts payable | 17/49 | €408,489 | €277,636 | -€130,853 | -32.0% |
| Amounts payable after more than one year | 17 | €127,816 | €105,894 | -€21,921 | -17.2% |
| Financial debts | 170/4 | €127,816 | €105,894 | -€21,921 | -17.2% |
| Amounts payable within one year | 42/48 | €280,673 | €171,741 | -€108,932 | -38.8% |
| Current portion of amounts payable after more than one year | 42 | €21,499 | €21,921 | +€422 | +2.0% |
| Financial debts | 43 | €86,667 | €86,835 | +€168 | +0.2% |
| Credit institutions | 430/8 | €86,667 | €86,835 | +€168 | +0.2% |
| Trade debts | 44 | €10,210 | €14,531 | +€4,321 | +42.3% |
| Suppliers | 440/4 | €10,210 | €14,531 | +€4,321 | +42.3% |
| Taxes, remuneration and social security | 45 | €86,184 | €18,454 | -€67,730 | -78.6% |
| Taxes | 450/3 | €86,184 | €18,454 | -€67,730 | -78.6% |
| Other amounts payable | 47/48 | €76,113 | €30,000 | -€46,113 | -60.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,796 | €37,868 | +€1,073 | +2.9% |
| Other operating charges | 640/8 | €21,107 | €19,499 | -€1,608 | -7.6% |
| Gross operating margin | 9900 | €553,701 | €534,744 | -€18,957 | -3.4% |
| Operating profit (loss) | 9901 | €495,799 | €477,377 | -€18,422 | -3.7% |
| Financial income | 75/76B | €133 | €13,299 | +€13,165 | +9882.5% |
| Recurring financial income | 75 | €133 | €13,299 | +€13,165 | +9882.5% |
| Financial charges | 65/66B | €7,325 | €6,787 | -€539 | -7.4% |
| Recurring financial charges | 65 | €7,325 | €6,787 | -€539 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €488,607 | €483,889 | -€4,718 | -1.0% |
| Income taxes | 67/77 | €139,814 | €138,387 | -€1,427 | -1.0% |
| Profit (loss) for the period | 9904 | €348,792 | €345,502 | -€3,291 | -0.9% |
| Transfer to tax-exempt reserves | 689 | €126,300 | €126,300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €222,492 | €219,202 | -€3,291 | -1.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.