E.P.E. IMMO: 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.P.E. IMMO
Largest movements
- Tangible fixed assets -€962,323
no longer reported in 2025 (was €962,323)
- Intangible fixed assets -€51,436
down €51,436 (-37.5%), from €137,162 to €85,726
- Short-term financial debts -€954,621
down €954,621 (-45.7%), from €2.1m to €1.1m
- Contributions -€51,811
down €51,811 (-6.5%), from €800,000 to €748,189
- Turnover -€200,000
no longer reported in 2025 (was €200,000)
- Goods and materials -€117,879
down €117,879 (-98.9%), from €119,179 to €1,300
of which Change in stocks: decrease (increase): -€119,179
- Financial charges -€60,752
down €60,752 (-68.8%), from €88,356 to €27,604
- Other operating income +€50,000
new in 2025: €50,000
- Depreciation +€17,146
up €17,146 (+50.0%), from €34,290 to €51,436
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,237,757 | €1,221,002 | -€1.0m | -45.4% |
| Fixed assets | 21/28 | €1,099,485 | €85,726 | -€1.0m | -92.2% |
| Intangible fixed assets | 21 | €137,162 | €85,726 | -€51,436 | -37.5% |
| Tangible fixed assets | 22/27 | €962,323 | - | -€962,323 | |
| Land and buildings | 22 | €962,323 | - | -€962,323 | |
| Current assets | 29/58 | €1,138,272 | €1,135,276 | -€2,996 | -0.3% |
| Stocks and contracts in progress | 3 | €1,133,016 | €1,133,016 | +€0 | 0.0% |
| Stocks | 30/36 | €1,133,016 | €1,133,016 | +€0 | 0.0% |
| Property held for sale | 35 | €1,133,016 | €1,133,016 | +€0 | 0.0% |
| Amounts receivable within one year | 40/41 | €5,256 | €2,260 | -€2,996 | -57.0% |
| Trade receivables | 40 | €3,547 | - | -€3,547 | |
| Other amounts receivable | 41 | €1,709 | €2,260 | +€551 | +32.3% |
| Total equity and liabilities | 10/49 | €2,237,757 | €1,221,002 | -€1.0m | -45.4% |
| Equity | 10/15 | €34,601 | -€24,261 | -€58,862 | |
| Contributions | 10/11 | €800,000 | €748,189 | -€51,811 | -6.5% |
| Capital | 10 | €800,000 | €748,189 | -€51,811 | -6.5% |
| Issued capital | 100 | €800,000 | €748,189 | -€51,811 | -6.5% |
| Profit (loss) carried forward | 14 | -€765,399 | -€772,450 | -€7,051 | -0.9% |
| Amounts payable | 17/49 | €2,203,156 | €1,245,263 | -€957,893 | -43.5% |
| Amounts payable within one year | 42/48 | €2,203,119 | €1,245,219 | -€957,900 | -43.5% |
| Financial debts | 43 | €2,090,460 | €1,135,839 | -€954,621 | -45.7% |
| Credit institutions | 430/8 | €2,090,460 | €1,135,839 | -€954,621 | -45.7% |
| Trade debts | 44 | €6,181 | €2,902 | -€3,279 | -53.1% |
| Suppliers | 440/4 | €6,181 | €2,902 | -€3,279 | -53.1% |
| Taxes, remuneration and social security | 45 | €106,479 | €106,479 | +€0 | 0.0% |
| Taxes | 450/3 | €106,479 | €106,479 | +€0 | 0.0% |
| Accrued charges and deferred income | 492/3 | €36 | €43 | +€7 | +18.1% |
| Operating income | 70/76A | €200,000 | €50,000 | -€150,000 | -75.0% |
| Turnover | 70 | €200,000 | - | -€200,000 | |
| Other operating income | 74 | - | €50,000 | +€50,000 | |
| Operating charges | 60/66A | €189,188 | €79,018 | -€110,170 | -58.2% |
| Goods for resale, raw materials and consumables | 60 | €119,179 | €1,300 | -€117,879 | -98.9% |
| Purchases | 600/8 | - | €1,300 | +€1,300 | |
| Change in stocks: decrease (increase) | 609 | €119,179 | - | -€119,179 | |
| Services and other goods | 61 | €23,752 | €14,631 | -€9,121 | -38.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,290 | €51,436 | +€17,146 | +50.0% |
| Other operating charges | 640/8 | €11,967 | €11,651 | -€316 | -2.6% |
| Operating profit (loss) | 9901 | €10,812 | -€29,018 | -€39,830 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Other financial income | 752/9 | €0 | - | = | |
| Financial charges | 65/66B | €88,356 | €27,604 | -€60,752 | -68.8% |
| Recurring financial charges | 65 | €88,356 | €27,604 | -€60,752 | -68.8% |
| Debt charges | 650 | €86,747 | €26,515 | -€60,232 | -69.4% |
| Other financial charges | 652/9 | €1,609 | €1,088 | -€521 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | -€77,544 | -€56,621 | +€20,923 | +27.0% |
| Profit (loss) for the period | 9904 | -€77,544 | -€56,621 | +€20,923 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,544 | -€56,621 | +€20,923 | +27.0% |
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 13 October 2026 via checked.be.