eP: 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.
eP
Largest movements
- Stocks and contracts -€25,133
down €25,133 (-4.9%), from €514,547 to €489,414
- Tangible fixed assets -€17,817
down €17,817 (-13.8%), from €128,705 to €110,888
of which Other tangible fixed assets: -€22,016
- Trade debts -€75,251
down €75,251 (-35.4%), from €212,456 to €137,205
- Short-term financial debts -€34,205
down €34,205 (-46.1%), from €74,205 to €40,000
- Debts after one year +€30,262
up €30,262 (+20.2%), from €150,000 to €180,262
- Tax, wage and social debts +€25,224
up €25,224 (+32.6%), from €77,286 to €102,510
of which Remuneration and social security: +€26,289
- Gross operating margin +€223,721
up €223,721 (+68.4%), from €326,864 to €550,585
- Staff costs +€189,996
up €189,996 (+73.5%), from €258,469 to €448,465
- Financial charges +€15,575
up €15,575 (+36.8%), from €42,380 to €57,955
- Write-downs +€15,000
no longer reported in 2025 (was -€15,000)
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 | €740,152 | €699,019 | -€41,133 | -5.6% |
| Fixed assets | 21/28 | €130,977 | €113,160 | -€17,817 | -13.6% |
| Tangible fixed assets | 22/27 | €128,705 | €110,888 | -€17,817 | -13.8% |
| Plant, machinery and equipment | 23 | €9,246 | €14,623 | +€5,377 | +58.2% |
| Furniture and vehicles | 24 | €9,333 | €8,154 | -€1,178 | -12.6% |
| Other tangible fixed assets | 26 | €110,126 | €88,110 | -€22,016 | -20.0% |
| Financial fixed assets | 28 | €2,272 | €2,272 | = | 0.0% |
| Current assets | 29/58 | €609,175 | €585,859 | -€23,317 | -3.8% |
| Stocks and contracts in progress | 3 | €514,547 | €489,414 | -€25,133 | -4.9% |
| Stocks | 30/36 | €514,547 | €489,414 | -€25,133 | -4.9% |
| Amounts receivable within one year | 40/41 | €56,588 | €53,397 | -€3,191 | -5.6% |
| Trade receivables | 40 | €54,186 | €34,040 | -€20,146 | -37.2% |
| Other amounts receivable | 41 | €2,401 | €19,357 | +€16,955 | +706.1% |
| Cash at bank and in hand | 54/58 | €30,241 | €35,607 | +€5,367 | +17.7% |
| Deferred charges and accrued income | 490/1 | €7,800 | €7,441 | -€359 | -4.6% |
| Total equity and liabilities | 10/49 | €740,152 | €699,019 | -€41,133 | -5.6% |
| Equity | 10/15 | €212,406 | €219,361 | +€6,955 | +3.3% |
| Contributions | 10/11 | €98,600 | €98,600 | = | 0.0% |
| Reserves | 13 | €36,229 | €36,229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,325 | €2,325 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,325 | €2,325 | = | 0.0% |
| Distributable reserves | 133 | €33,904 | €33,904 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,576 | €84,532 | +€6,955 | +9.0% |
| Amounts payable | 17/49 | €527,747 | €479,658 | -€48,088 | -9.1% |
| Amounts payable after more than one year | 17 | €150,000 | €180,262 | +€30,262 | +20.2% |
| Financial debts | 170/4 | €150,000 | €180,262 | +€30,262 | +20.2% |
| Amounts payable within one year | 42/48 | €372,213 | €293,531 | -€78,682 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €8,266 | €12,021 | +€3,755 | +45.4% |
| Financial debts | 43 | €74,205 | €40,000 | -€34,205 | -46.1% |
| Credit institutions | 430/8 | €74,205 | €40,000 | -€34,205 | -46.1% |
| Trade debts | 44 | €212,456 | €137,205 | -€75,251 | -35.4% |
| Suppliers | 440/4 | €212,456 | €137,205 | -€75,251 | -35.4% |
| Taxes, remuneration and social security | 45 | €77,286 | €102,510 | +€25,224 | +32.6% |
| Taxes | 450/3 | €45,957 | €44,891 | -€1,066 | -2.3% |
| Remuneration and social security | 454/9 | €31,329 | €57,619 | +€26,289 | +83.9% |
| Other amounts payable | 47/48 | - | €1,795 | +€1,795 | |
| Accrued charges and deferred income | 492/3 | €5,534 | €5,865 | +€331 | +6.0% |
| Remuneration, social security and pensions | 62 | €258,469 | €448,465 | +€189,996 | +73.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,102 | €29,510 | +€2,407 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,000 | - | +€15,000 | |
| Other operating charges | 640/8 | €7,175 | €4,541 | -€2,634 | -36.7% |
| Gross operating margin | 9900 | €326,864 | €550,585 | +€223,721 | +68.4% |
| Operating profit (loss) | 9901 | €49,118 | €68,069 | +€18,951 | +38.6% |
| Financial income | 75/76B | €866 | €781 | -€86 | -9.9% |
| Recurring financial income | 75 | €866 | €781 | -€86 | -9.9% |
| Financial charges | 65/66B | €42,380 | €57,955 | +€15,575 | +36.8% |
| Recurring financial charges | 65 | €42,380 | €57,955 | +€15,575 | +36.8% |
| Profit (loss) for the period before taxes | 9903 | €7,605 | €10,895 | +€3,290 | +43.3% |
| Income taxes | 67/77 | €5,198 | €3,940 | -€1,259 | -24.2% |
| Profit (loss) for the period | 9904 | €2,406 | €6,955 | +€4,549 | +189.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,406 | €6,955 | +€4,549 | +189.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.