DOUBLE EPICE: 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.
DOUBLE EPICE
Largest movements
- Cash -€41,941
down €41,941 (-64.6%), from €64,967 to €23,026
mainly Tax, wage and social debts (-€14,613) and Contributions, distributions and other (-€12,903)
- Receivables within one year +€8,832
up €8,832 (+15.0%), from €58,821 to €67,653
of which Trade receivables: +€7,680
- Current investments +€4,533
up €4,533 (+35.8%), from €12,680 to €17,214
- Deferred charges and accrued income -€3,451
down €3,451 (-86.6%), from €3,986 to €535
- Tangible fixed assets -€1,557
down €1,557 (-68.1%), from €2,287 to €730
- Tax, wage and social debts -€14,613
down €14,613 (-80.1%), from €18,233 to €3,621
- Reserves -€12,903
down €12,903 (-13.6%), from €95,120 to €82,217
of which Distributable reserves: -€12,903
- Other debts -€5,832
down €5,832 (-31.1%), from €18,735 to €12,903
- Profit (loss) carried forward -€2,967
down €2,967, from €0 to -€2,967
- Trade debts +€1,525
up €1,525 (+33.5%), from €4,547 to €6,073
- Gross operating margin -€52,840
down €52,840 (-93.0%), from €56,837 to €3,997
- Taxes -€13,296
down €13,296 (-68.6%), from €19,393 to €6,098
- Other operating charges -€2,106
down €2,106 (-84.0%), from €2,506 to €400
- Financial income -€702
down €702 (-23.1%), from €3,037 to €2,335
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 | €142,836 | €109,253 | -€33,583 | -23.5% |
| Fixed assets | 21/28 | €2,382 | €825 | -€1,557 | -65.4% |
| Tangible fixed assets | 22/27 | €2,287 | €730 | -€1,557 | -68.1% |
| Furniture and vehicles | 24 | €2,287 | €730 | -€1,557 | -68.1% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €140,454 | €108,427 | -€32,026 | -22.8% |
| Amounts receivable within one year | 40/41 | €58,821 | €67,653 | +€8,832 | +15.0% |
| Trade receivables | 40 | €19,223 | €26,903 | +€7,680 | +40.0% |
| Other amounts receivable | 41 | €39,598 | €40,750 | +€1,152 | +2.9% |
| Current investments | 50/53 | €12,680 | €17,214 | +€4,533 | +35.8% |
| Cash at bank and in hand | 54/58 | €64,967 | €23,026 | -€41,941 | -64.6% |
| Deferred charges and accrued income | 490/1 | €3,986 | €535 | -€3,451 | -86.6% |
| Total equity and liabilities | 10/49 | €142,836 | €109,253 | -€33,583 | -23.5% |
| Equity | 10/15 | €101,320 | €85,450 | -€15,870 | -15.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €95,120 | €82,217 | -€12,903 | -13.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €95,120 | €82,217 | -€12,903 | -13.6% |
| Profit (loss) carried forward | 14 | €0 | -€2,967 | -€2,967 | |
| Amounts payable | 17/49 | €41,516 | €23,802 | -€17,713 | -42.7% |
| Amounts payable within one year | 42/48 | €41,516 | €23,596 | -€17,920 | -43.2% |
| Financial debts | 43 | - | €1,000 | +€1,000 | |
| Credit institutions | 430/8 | - | €1,000 | +€1,000 | |
| Trade debts | 44 | €4,547 | €6,073 | +€1,525 | +33.5% |
| Suppliers | 440/4 | €4,547 | €6,073 | +€1,525 | +33.5% |
| Taxes, remuneration and social security | 45 | €18,233 | €3,621 | -€14,613 | -80.1% |
| Taxes | 450/3 | €18,233 | €3,621 | -€14,613 | -80.1% |
| Other amounts payable | 47/48 | €18,735 | €12,903 | -€5,832 | -31.1% |
| Accrued charges and deferred income | 492/3 | - | €206 | +€206 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,557 | €1,557 | = | 0.0% |
| Other operating charges | 640/8 | €2,506 | €400 | -€2,106 | -84.0% |
| Gross operating margin | 9900 | €56,837 | €3,997 | -€52,840 | -93.0% |
| Operating profit (loss) | 9901 | €52,774 | €2,040 | -€50,734 | -96.1% |
| Financial income | 75/76B | €3,037 | €2,335 | -€702 | -23.1% |
| Recurring financial income | 75 | €3,037 | €2,335 | -€702 | -23.1% |
| Financial charges | 65/66B | €1,186 | €1,245 | +€58 | +4.9% |
| Recurring financial charges | 65 | €1,186 | €1,245 | +€58 | +4.9% |
| Profit (loss) for the period before taxes | 9903 | €54,625 | €3,131 | -€51,494 | -94.3% |
| Income taxes | 67/77 | €19,393 | €6,098 | -€13,296 | -68.6% |
| Profit (loss) for the period | 9904 | €35,231 | -€2,967 | -€38,198 | |
| Transfer from tax-exempt reserves | 789 | €2,500 | €0 | -€2,500 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,731 | -€2,967 | -€40,698 |
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 5 October 2026 via checked.be.