E.P.E. & PARTNERS: 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. & PARTNERS
Largest movements
- Cash -€89,166
down €89,166 (-68.4%), from €130,323 to €41,158
mainly Deferred charges and accrued income (-€83,889) and Trade debts (-€45,654)
- Deferred charges and accrued income +€83,889
up €83,889 (+8,199%), from €1,023 to €84,912
- Receivables within one year +€29,557
up €29,557 (+23.6%), from €125,420 to €154,977
of which Other amounts receivable: +€21,406
- Receivables after one year +€5,500
new in 2025: €5,500
- Tangible fixed assets -€4,570
down €4,570 (-7.2%), from €63,162 to €58,592
of which Other tangible fixed assets: -€6,720
- Trade debts -€45,654
down €45,654 (-31.1%), from €146,791 to €101,137
- Accrued charges and deferred income +€22,371
new in 2025: €22,371
- Current portion of long-term debt +€18,204
up €18,204 (+113%), from €16,156 to €34,360
- Tax, wage and social debts +€11,793
up €11,793 (+31.7%), from €37,187 to €48,980
of which Remuneration and social security: +€21,946
- Debts after one year +€9,987
up €9,987 (+22.2%), from €44,944 to €54,930
- Gross operating margin +€100,931
up €100,931 (+30.2%), from €334,329 to €435,260
- Staff costs +€90,774
up €90,774 (+31.3%), from €290,147 to €380,921
- Depreciation +€9,927
up €9,927 (+153%), from €6,485 to €16,411
- Financial charges +€5,376
up €5,376 (+33.7%), from €15,976 to €21,352
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 | €352,814 | €372,544 | +€19,730 | +5.6% |
| Fixed assets | 21/28 | €96,047 | €85,997 | -€10,050 | -10.5% |
| Intangible fixed assets | 21 | €7,973 | €6,323 | -€1,650 | -20.7% |
| Tangible fixed assets | 22/27 | €63,162 | €58,592 | -€4,570 | -7.2% |
| Plant, machinery and equipment | 23 | €24,041 | €20,483 | -€3,558 | -14.8% |
| Furniture and vehicles | 24 | €4,140 | €9,848 | +€5,708 | +138% |
| Other tangible fixed assets | 26 | €34,980 | €28,260 | -€6,720 | -19.2% |
| Financial fixed assets | 28 | €24,912 | €21,083 | -€3,830 | -15.4% |
| Current assets | 29/58 | €256,767 | €286,547 | +€29,780 | +11.6% |
| Amounts receivable after more than one year | 29 | - | €5,500 | +€5,500 | |
| Other amounts receivable | 291 | - | €5,500 | +€5,500 | |
| Amounts receivable within one year | 40/41 | €125,420 | €154,977 | +€29,557 | +23.6% |
| Trade receivables | 40 | €125,420 | €133,571 | +€8,151 | +6.5% |
| Other amounts receivable | 41 | - | €21,406 | +€21,406 | |
| Cash at bank and in hand | 54/58 | €130,323 | €41,158 | -€89,166 | -68.4% |
| Deferred charges and accrued income | 490/1 | €1,023 | €84,912 | +€83,889 | +8,199% |
| Total equity and liabilities | 10/49 | €352,814 | €372,544 | +€19,730 | +5.6% |
| Equity | 10/15 | €76,427 | €80,843 | +€4,415 | +5.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,175 | €2,175 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €175 | €2,175 | +€2,000 | +1,144% |
| Profit (loss) carried forward | 14 | €54,253 | €58,668 | +€4,415 | +8.1% |
| Amounts payable | 17/49 | €276,387 | €291,701 | +€15,314 | +5.5% |
| Amounts payable after more than one year | 17 | €44,944 | €54,930 | +€9,987 | +22.2% |
| Financial debts | 170/4 | €44,944 | €54,930 | +€9,987 | +22.2% |
| Amounts payable within one year | 42/48 | €231,443 | €214,399 | -€17,043 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €16,156 | €34,360 | +€18,204 | +113% |
| Trade debts | 44 | €146,791 | €101,137 | -€45,654 | -31.1% |
| Suppliers | 440/4 | €146,791 | €101,137 | -€45,654 | -31.1% |
| Taxes, remuneration and social security | 45 | €37,187 | €48,980 | +€11,793 | +31.7% |
| Taxes | 450/3 | €37,187 | €27,034 | -€10,153 | -27.3% |
| Remuneration and social security | 454/9 | - | €21,946 | +€21,946 | |
| Other amounts payable | 47/48 | €31,308 | €29,923 | -€1,386 | -4.4% |
| Accrued charges and deferred income | 492/3 | - | €22,371 | +€22,371 | |
| Remuneration, social security and pensions | 62 | €290,147 | €380,921 | +€90,774 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,485 | €16,411 | +€9,927 | +153% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €94 | +€94 | |
| Other operating charges | 640/8 | €4,878 | €4,147 | -€731 | -15.0% |
| Non-recurring operating charges | 66A | - | -€675 | -€675 | |
| Gross operating margin | 9900 | €334,329 | €435,260 | +€100,931 | +30.2% |
| Operating profit (loss) | 9901 | €32,820 | €34,362 | +€1,542 | +4.7% |
| Financial income | 75/76B | €113 | - | -€113 | |
| Recurring financial income | 75 | €113 | - | -€113 | |
| Financial charges | 65/66B | €15,976 | €21,352 | +€5,376 | +33.7% |
| Recurring financial charges | 65 | €15,976 | €21,352 | +€5,376 | +33.7% |
| Profit (loss) for the period before taxes | 9903 | €16,957 | €13,010 | -€3,947 | -23.3% |
| Income taxes | 67/77 | €10,756 | €8,594 | -€2,162 | -20.1% |
| Profit (loss) for the period | 9904 | €6,201 | €4,415 | -€1,785 | -28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,201 | €4,415 | -€1,785 | -28.8% |
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 17 October 2026 via checked.be.