E.P.M.: 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.M.
Largest movements
- Receivables within one year -€1,708
down €1,708 (-2.5%), from €68,511 to €66,803
of which Trade receivables: -€6,895
- Profit (loss) carried forward -€3,206
down €3,206 (-28.9%), from €11,079 to €7,873
- Trade debts +€2,971
new in 2025: €2,971
- Gross operating margin -€5,512
down €5,512, from €2,591 to -€2,922
- Taxes +€897
new in 2025: €897
- Depreciation -€775
down €775 (-37.2%), from €2,084 to €1,309
- Staff costs +€580
up €580 (+298%), from €195 to €775
- Other operating charges -€190
down €190 (-34.6%), from €548 to €359
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 | €75,676 | €74,735 | -€941 | -1.2% |
| Fixed assets | 21/28 | €2,978 | €3,310 | +€332 | +11.1% |
| Tangible fixed assets | 22/27 | €2,978 | €3,310 | +€332 | +11.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €1,816 | €1,001 | -€814 | -44.8% |
| Furniture and vehicles | 24 | €1,163 | €2,309 | +€1,146 | +98.6% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Current assets | 29/58 | €72,698 | €71,425 | -€1,273 | -1.8% |
| Amounts receivable within one year | 40/41 | €68,511 | €66,803 | -€1,708 | -2.5% |
| Trade receivables | 40 | €8,000 | €1,105 | -€6,895 | -86.2% |
| Other amounts receivable | 41 | €60,511 | €65,698 | +€5,187 | +8.6% |
| Cash at bank and in hand | 54/58 | €4,187 | €4,622 | +€435 | +10.4% |
| Total equity and liabilities | 10/49 | €75,676 | €74,735 | -€941 | -1.2% |
| Equity | 10/15 | €74,970 | €71,765 | -€3,206 | -4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €45,291 | €45,291 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,431 | €43,431 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,079 | €7,873 | -€3,206 | -28.9% |
| Amounts payable | 17/49 | €706 | €2,971 | +€2,265 | +321% |
| Amounts payable within one year | 42/48 | €706 | €2,971 | +€2,265 | +321% |
| Trade debts | 44 | - | €2,971 | +€2,971 | |
| Suppliers | 440/4 | - | €2,971 | +€2,971 | |
| Taxes, remuneration and social security | 45 | €578 | - | -€578 | |
| Taxes | 450/3 | €578 | - | -€578 | |
| Other amounts payable | 47/48 | €128 | - | -€128 | |
| Remuneration, social security and pensions | 62 | €195 | €775 | +€580 | +298% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,084 | €1,309 | -€775 | -37.2% |
| Other operating charges | 640/8 | €548 | €359 | -€190 | -34.6% |
| Gross operating margin | 9900 | €2,591 | -€2,922 | -€5,512 | |
| Operating profit (loss) | 9901 | -€236 | -€5,364 | -€5,128 | -2,174% |
| Financial income | 75/76B | €3,437 | €3,314 | -€123 | -3.6% |
| Recurring financial income | 75 | €3,437 | €3,314 | -€123 | -3.6% |
| Financial charges | 65/66B | €182 | €258 | +€77 | +42.1% |
| Recurring financial charges | 65 | €182 | €258 | +€77 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €3,019 | -€2,309 | -€5,328 | |
| Income taxes | 67/77 | - | €897 | +€897 | |
| Profit (loss) for the period | 9904 | €3,019 | -€3,206 | -€6,225 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,019 | -€3,206 | -€6,225 |
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 21 October 2026 via checked.be.