EP Active 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.
EP Active Partners
Largest movements
- Cash +€71,184
up €71,184 (+561.2%), from €12,684 to €83,868
mainly Net result for the year (+€682,215) and Other debts (+€500,000)
- Short-term financial debts -€610,000
down €610,000 (-100.0%), from €610,000 to €0
- Other debts +€500,000
new in 2025: €500,000
- Profit (loss) carried forward +€182,215
new in 2025: €182,215
- Financial income +€301,286
up €301,286 (+76.2%), from €395,425 to €696,711
- Financial charges -€30,855
down €30,855 (-73.2%), from €42,172 to €11,317
- Depreciation -€543
down €543 (-100.0%), from €543 to €0
- Gross operating margin -€50
down €50 (-2.5%), from -€2,010 to -€2,060
- Other operating charges +€33
up €33 (+3.0%), from €1,086 to €1,118
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 | €1,977,640 | €2,048,886 | +€71,246 | +3.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,964,909 | €1,964,909 | = | 0.0% |
| Financial fixed assets | 28 | €1,964,909 | €1,964,909 | = | 0.0% |
| Current assets | 29/58 | €12,731 | €83,977 | +€71,246 | +559.6% |
| Amounts receivable within one year | 40/41 | €43 | €78 | +€35 | +83.0% |
| Other amounts receivable | 41 | €43 | €78 | +€35 | +83.0% |
| Cash at bank and in hand | 54/58 | €12,684 | €83,868 | +€71,184 | +561.2% |
| Deferred charges and accrued income | 490/1 | €4 | €30 | +€26 | +588.0% |
| Total equity and liabilities | 10/49 | €1,977,640 | €2,048,886 | +€71,246 | +3.6% |
| Equity | 10/15 | €1,366,315 | €1,548,529 | +€182,215 | +13.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €866,315 | €866,315 | = | 0.0% |
| Distributable reserves | 133 | €866,315 | €866,315 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €182,215 | +€182,215 | |
| Amounts payable | 17/49 | €611,326 | €500,357 | -€110,969 | -18.2% |
| Amounts payable within one year | 42/48 | €610,000 | €500,347 | -€109,653 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €610,000 | €0 | -€610,000 | -100.0% |
| Other loans | 439 | €610,000 | €0 | -€610,000 | -100.0% |
| Trade debts | 44 | - | €347 | +€347 | |
| Suppliers | 440/4 | - | €347 | +€347 | |
| Other amounts payable | 47/48 | - | €500,000 | +€500,000 | |
| Accrued charges and deferred income | 492/3 | €1,326 | €9 | -€1,317 | -99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543 | €0 | -€543 | -100.0% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | -€2,010 | -€2,060 | -€50 | -2.5% |
| Operating profit (loss) | 9901 | -€3,638 | -€3,178 | +€460 | +12.6% |
| Financial income | 75/76B | €395,425 | €696,711 | +€301,286 | +76.2% |
| Recurring financial income | 75 | €395,425 | €696,711 | +€301,286 | +76.2% |
| Financial charges | 65/66B | €42,172 | €11,317 | -€30,855 | -73.2% |
| Recurring financial charges | 65 | €42,172 | €11,317 | -€30,855 | -73.2% |
| Profit (loss) for the period before taxes | 9903 | €349,615 | €682,215 | +€332,600 | +95.1% |
| Profit (loss) for the period | 9904 | €349,615 | €682,215 | +€332,600 | +95.1% |
| Profit (loss) for the period to be appropriated | 9905 | €349,615 | €682,215 | +€332,600 | +95.1% |
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 11 October 2026 via checked.be.