E P ELECTRONICS: 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.
E P ELECTRONICS
Largest movements
- Receivables within one year -€20,279
down €20,279 (-7.1%), from €286,072 to €265,793
of which Other amounts receivable: -€20,642
- Cash +€11,991
up €11,991 (+18.1%), from €66,197 to €78,188
mainly Receivables within one year (+€20,279) and Depreciation (+€13,232)
- Tangible fixed assets -€10,791
down €10,791 (-9.7%), from €110,691 to €99,900
of which Plant, machinery and equipment: -€6,010
- Reserves -€21,742
down €21,742 (-6.5%), from €335,441 to €313,699
of which Distributable reserves: -€21,742
- Other debts +€6,321
up €6,321 (+29.4%), from €21,511 to €27,832
- Gross operating margin -€28,639
down €28,639 (-56.2%), from €50,959 to €22,320
- Taxes -€7,353
down €7,353 (-82.9%), from €8,869 to €1,516
- Depreciation -€2,626
down €2,626 (-16.6%), from €15,858 to €13,232
- Financial income +€992
up €992 (+31.7%), from €3,130 to €4,122
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 | €614,221 | €596,181 | -€18,040 | -2.9% |
| Fixed assets | 21/28 | €110,716 | €99,925 | -€10,791 | -9.7% |
| Tangible fixed assets | 22/27 | €110,691 | €99,900 | -€10,791 | -9.7% |
| Land and buildings | 22 | €85,765 | €81,713 | -€4,052 | -4.7% |
| Plant, machinery and equipment | 23 | €23,736 | €17,726 | -€6,010 | -25.3% |
| Furniture and vehicles | 24 | €1,190 | €461 | -€729 | -61.3% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €503,505 | €496,256 | -€7,249 | -1.4% |
| Amounts receivable within one year | 40/41 | €286,072 | €265,793 | -€20,279 | -7.1% |
| Trade receivables | 40 | €64,477 | €64,840 | +€363 | +0.6% |
| Other amounts receivable | 41 | €221,595 | €200,953 | -€20,642 | -9.3% |
| Current investments | 50/53 | €150,012 | €151,012 | +€1,000 | +0.7% |
| Cash at bank and in hand | 54/58 | €66,197 | €78,188 | +€11,991 | +18.1% |
| Deferred charges and accrued income | 490/1 | €1,224 | €1,263 | +€39 | +3.2% |
| Total equity and liabilities | 10/49 | €614,221 | €596,181 | -€18,040 | -2.9% |
| Equity | 10/15 | €583,335 | €561,593 | -€21,742 | -3.7% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €335,441 | €313,699 | -€21,742 | -6.5% |
| Non-distributable reserves | 130/1 | €6,233 | €6,233 | = | 0.0% |
| Legal reserve | 130 | €6,233 | €6,233 | = | 0.0% |
| Distributable reserves | 133 | €329,208 | €307,466 | -€21,742 | -6.6% |
| Amounts payable | 17/49 | €30,886 | €34,588 | +€3,702 | +12.0% |
| Amounts payable within one year | 42/48 | €30,886 | €34,588 | +€3,702 | +12.0% |
| Trade debts | 44 | €3,197 | €891 | -€2,306 | -72.1% |
| Suppliers | 440/4 | €3,197 | €891 | -€2,306 | -72.1% |
| Taxes, remuneration and social security | 45 | €6,178 | €5,865 | -€313 | -5.1% |
| Taxes | 450/3 | €6,178 | €5,865 | -€313 | -5.1% |
| Other amounts payable | 47/48 | €21,511 | €27,832 | +€6,321 | +29.4% |
| Remuneration, social security and pensions | 62 | €2,021 | €2,002 | -€19 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,858 | €13,232 | -€2,626 | -16.6% |
| Other operating charges | 640/8 | €7,037 | €7,254 | +€217 | +3.1% |
| Gross operating margin | 9900 | €50,959 | €22,320 | -€28,639 | -56.2% |
| Operating profit (loss) | 9901 | €26,043 | -€168 | -€26,211 | |
| Financial income | 75/76B | €3,130 | €4,122 | +€992 | +31.7% |
| Recurring financial income | 75 | €3,130 | €4,122 | +€992 | +31.7% |
| Financial charges | 65/66B | €200 | €180 | -€20 | -10.0% |
| Recurring financial charges | 65 | €200 | €180 | -€20 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | €28,973 | €3,774 | -€25,199 | -87.0% |
| Income taxes | 67/77 | €8,869 | €1,516 | -€7,353 | -82.9% |
| Profit (loss) for the period | 9904 | €20,104 | €2,258 | -€17,846 | -88.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,104 | €2,258 | -€17,846 | -88.8% |
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 2 October 2026 via checked.be.