E.A.P.S: 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.
E.A.P.S
Largest movements
- Tangible fixed assets +€67,025
up €67,025 (+291%), from €23,002 to €90,026
of which Furniture and vehicles: +€69,672
- Cash -€50,212
down €50,212 (-55.5%), from €90,471 to €40,258
mainly Investment in fixed assets (net) (-€86,000) and Debts after one year (-€19,264)
- Intangible fixed assets -€40,000
down €40,000 (-80.2%), from €49,863 to €9,863
- Receivables within one year +€17,474
up €17,474 (+37.9%), from €46,056 to €63,530
of which Other amounts receivable: +€10,767
- Deferred charges and accrued income +€8,136
up €8,136 (+5,010%), from €162 to €8,299
- Debts after one year -€19,264
down €19,264 (-17.2%), from €112,210 to €92,946
of which Other amounts payable: -€11,000
- Trade debts +€11,731
up €11,731 (+15.5%), from €75,469 to €87,200
- Tax, wage and social debts +€11,189
up €11,189 (+98.6%), from €11,348 to €22,538
of which Remuneration and social security: +€13,550
- Current portion of long-term debt +€11,169
up €11,169 (+112%), from €10,000 to €21,169
- Other debts -€10,859
no longer reported in 2025 (was €10,859)
- Staff costs +€16,864
up €16,864 (+34.1%), from €49,415 to €66,279
- Depreciation +€15,504
up €15,504 (+35.7%), from €43,471 to €58,975
- Gross operating margin +€15,317
up €15,317 (+14.8%), from €103,656 to €118,974
- Taxes -€1,536
no longer reported in 2025 (was €1,536)
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 | €270,844 | €269,477 | -€1,367 | -0.5% |
| Fixed assets | 21/28 | €82,865 | €109,889 | +€27,025 | +32.6% |
| Intangible fixed assets | 21 | €49,863 | €9,863 | -€40,000 | -80.2% |
| Tangible fixed assets | 22/27 | €23,002 | €90,026 | +€67,025 | +291% |
| Furniture and vehicles | 24 | €494 | €70,167 | +€69,672 | +14,099% |
| Other tangible fixed assets | 26 | €22,507 | €19,860 | -€2,648 | -11.8% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €187,980 | €159,587 | -€28,392 | -15.1% |
| Stocks and contracts in progress | 3 | €51,290 | €47,500 | -€3,790 | -7.4% |
| Stocks | 30/36 | €51,290 | €47,500 | -€3,790 | -7.4% |
| Amounts receivable within one year | 40/41 | €46,056 | €63,530 | +€17,474 | +37.9% |
| Trade receivables | 40 | €0 | €6,707 | +€6,707 | |
| Other amounts receivable | 41 | €46,056 | €56,824 | +€10,767 | +23.4% |
| Cash at bank and in hand | 54/58 | €90,471 | €40,258 | -€50,212 | -55.5% |
| Deferred charges and accrued income | 490/1 | €162 | €8,299 | +€8,136 | +5,010% |
| Total equity and liabilities | 10/49 | €270,844 | €269,477 | -€1,367 | -0.5% |
| Equity | 10/15 | €50,958 | €41,219 | -€9,739 | -19.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €45,958 | €36,219 | -€9,739 | -21.2% |
| Amounts payable | 17/49 | €219,886 | €228,258 | +€8,371 | +3.8% |
| Amounts payable after more than one year | 17 | €112,210 | €92,946 | -€19,264 | -17.2% |
| Financial debts | 170/4 | €50,210 | €41,946 | -€8,264 | -16.5% |
| Other amounts payable | 178/9 | €62,000 | €51,000 | -€11,000 | -17.7% |
| Amounts payable within one year | 42/48 | €107,676 | €130,907 | +€23,230 | +21.6% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €21,169 | +€11,169 | +112% |
| Trade debts | 44 | €75,469 | €87,200 | +€11,731 | +15.5% |
| Suppliers | 440/4 | €75,469 | €87,200 | +€11,731 | +15.5% |
| Taxes, remuneration and social security | 45 | €11,348 | €22,538 | +€11,189 | +98.6% |
| Taxes | 450/3 | €2,364 | €3 | -€2,361 | -99.9% |
| Remuneration and social security | 454/9 | €8,984 | €22,535 | +€13,550 | +151% |
| Other amounts payable | 47/48 | €10,859 | - | -€10,859 | |
| Accrued charges and deferred income | 492/3 | - | €4,405 | +€4,405 | |
| Remuneration, social security and pensions | 62 | €49,415 | €66,279 | +€16,864 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,471 | €58,975 | +€15,504 | +35.7% |
| Other operating charges | 640/8 | €1,069 | €823 | -€246 | -23.0% |
| Gross operating margin | 9900 | €103,656 | €118,974 | +€15,317 | +14.8% |
| Operating profit (loss) | 9901 | €9,702 | -€7,103 | -€16,805 | |
| Financial income | 75/76B | €33 | €78 | +€46 | +139% |
| Recurring financial income | 75 | €33 | €76 | +€43 | +132% |
| Non-recurring financial income | 76B | €33 | €2 | -€31 | -92.9% |
| Financial charges | 65/66B | €2,933 | €2,714 | -€219 | -7.5% |
| Recurring financial charges | 65 | €2,933 | €2,714 | -€219 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €6,801 | -€9,739 | -€16,540 | |
| Income taxes | 67/77 | €1,536 | - | -€1,536 | |
| Profit (loss) for the period | 9904 | €5,265 | -€9,739 | -€15,004 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,265 | -€9,739 | -€15,004 |
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 25 October 2026 via checked.be.