EP Electronics: 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 Electronics
Largest movements
- Cash -€22,573
down €22,573 (-15.4%), from €146,553 to €123,980
mainly Debts after one year (-€29,111) and Short-term financial debts (-€20,000)
- Intangible fixed assets -€20,397
no longer reported in 2025 (was €20,397)
- Stocks and contracts -€7,488
down €7,488 (-2.3%), from €325,971 to €318,483
- Debts after one year -€29,111
down €29,111 (-44.8%), from €65,029 to €35,918
- Short-term financial debts -€20,000
down €20,000 (-33.3%), from €60,000 to €40,000
- Reserves +€19,307
up €19,307 (+8.4%), from €230,809 to €250,116
- Tax, wage and social debts -€11,343
down €11,343 (-33.6%), from €33,763 to €22,420
of which Taxes: -€5,746
- Trade debts -€6,243
down €6,243 (-4.0%), from €155,525 to €149,282
- Gross operating margin -€42,641
down €42,641 (-22.5%), from €189,736 to €147,095
- Staff costs -€9,922
down €9,922 (-11.2%), from €88,247 to €78,325
- Taxes -€5,986
down €5,986 (-44.9%), from €13,320 to €7,334
- Financial charges -€3,214
down €3,214 (-34.8%), from €9,230 to €6,016
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 | €600,440 | €551,472 | -€48,968 | -8.2% |
| Fixed assets | 21/28 | €72,544 | €48,698 | -€23,846 | -32.9% |
| Intangible fixed assets | 21 | €20,397 | - | -€20,397 | |
| Tangible fixed assets | 22/27 | €46,404 | €42,955 | -€3,449 | -7.4% |
| Plant, machinery and equipment | 23 | €31,366 | €31,242 | -€124 | -0.4% |
| Furniture and vehicles | 24 | €15,038 | €11,713 | -€3,325 | -22.1% |
| Financial fixed assets | 28 | €5,743 | €5,743 | = | 0.0% |
| Current assets | 29/58 | €527,896 | €502,774 | -€25,122 | -4.8% |
| Stocks and contracts in progress | 3 | €325,971 | €318,483 | -€7,488 | -2.3% |
| Stocks | 30/36 | €325,971 | €318,483 | -€7,488 | -2.3% |
| Amounts receivable within one year | 40/41 | €52,660 | €57,263 | +€4,603 | +8.7% |
| Trade receivables | 40 | €50,980 | €47,918 | -€3,062 | -6.0% |
| Other amounts receivable | 41 | €1,680 | €9,345 | +€7,665 | +456% |
| Cash at bank and in hand | 54/58 | €146,553 | €123,980 | -€22,573 | -15.4% |
| Deferred charges and accrued income | 490/1 | €2,712 | €3,048 | +€336 | +12.4% |
| Total equity and liabilities | 10/49 | €600,440 | €551,472 | -€48,968 | -8.2% |
| Equity | 10/15 | €250,809 | €270,116 | +€19,307 | +7.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €230,809 | €250,116 | +€19,307 | +8.4% |
| Distributable reserves | 133 | €230,809 | €250,116 | +€19,307 | +8.4% |
| Amounts payable | 17/49 | €349,631 | €281,356 | -€68,275 | -19.5% |
| Amounts payable after more than one year | 17 | €65,029 | €35,918 | -€29,111 | -44.8% |
| Financial debts | 170/4 | €65,029 | €35,918 | -€29,111 | -44.8% |
| Amounts payable within one year | 42/48 | €284,602 | €245,438 | -€39,164 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €28,610 | €29,110 | +€500 | +1.7% |
| Financial debts | 43 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Credit institutions | 430/8 | €60,000 | €40,000 | -€20,000 | -33.3% |
| Trade debts | 44 | €155,525 | €149,282 | -€6,243 | -4.0% |
| Suppliers | 440/4 | €155,525 | €149,282 | -€6,243 | -4.0% |
| Taxes, remuneration and social security | 45 | €33,763 | €22,420 | -€11,343 | -33.6% |
| Taxes | 450/3 | €15,169 | €9,423 | -€5,746 | -37.9% |
| Remuneration and social security | 454/9 | €18,594 | €12,997 | -€5,597 | -30.1% |
| Other amounts payable | 47/48 | €6,704 | €4,626 | -€2,078 | -31.0% |
| Remuneration, social security and pensions | 62 | €88,247 | €78,325 | -€9,922 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,522 | €30,121 | +€599 | +2.0% |
| Other operating charges | 640/8 | €5,468 | €5,506 | +€38 | +0.7% |
| Gross operating margin | 9900 | €189,736 | €147,095 | -€42,641 | -22.5% |
| Operating profit (loss) | 9901 | €66,499 | €33,143 | -€33,356 | -50.2% |
| Financial income | 75/76B | €112 | €640 | +€528 | +471% |
| Recurring financial income | 75 | €112 | €640 | +€528 | +471% |
| Financial charges | 65/66B | €9,230 | €6,016 | -€3,214 | -34.8% |
| Recurring financial charges | 65 | €9,230 | €6,016 | -€3,214 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €57,381 | €27,767 | -€29,614 | -51.6% |
| Income taxes | 67/77 | €13,320 | €7,334 | -€5,986 | -44.9% |
| Profit (loss) for the period | 9904 | €44,061 | €20,433 | -€23,628 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,061 | €20,433 | -€23,628 | -53.6% |
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 13 October 2026 via checked.be.