EP FINANCE: 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 FINANCE
Largest movements
- Receivables after one year +€362,761
new in 2024: €362,761
- Receivables within one year -€121,248
no longer reported in 2024 (was €121,248)
- Tangible fixed assets -€55,015
no longer reported in 2024 (was €55,015)
of which Other tangible fixed assets: -€50,267
- Deferred charges and accrued income -€39,602
no longer reported in 2024 (was €39,602)
- Intangible fixed assets -€25,676
no longer reported in 2024 (was €25,676)
- Reserves +€175,584
up €175,584 (+78631.4%), from €223 to €175,807
of which Distributable reserves: +€175,584
- Tax, wage and social debts -€45,598
down €45,598 (-67.8%), from €67,208 to €21,610
of which Taxes: -€39,619
- Accrued charges and deferred income +€42,159
up €42,159 (+3600.0%), from €1,171 to €43,330
- Debts after one year -€29,973
down €29,973 (-30.2%), from €99,323 to €69,350
- Short-term financial debts -€16,000
no longer reported in 2024 (was €16,000)
- Financial income +€207,294
up €207,294 (+5370310.1%), from €4 to €207,298
of which Non-recurring financial income: +€206,784
- Gross operating margin -€73,479
down €73,479 (-32.9%), from €223,501 to €150,022
- Taxes +€67,011
up €67,011 (+178.2%), from €37,610 to €104,621
- Staff costs -€25,761
down €25,761 (-96.8%), from €26,609 to €848
- Depreciation -€10,218
down €10,218 (-26.4%), from €38,697 to €28,479
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €241,541 | €362,761 | +€121,220 | +50.2% |
| Fixed assets | 21/28 | €80,691 | - | -€80,691 | |
| Intangible fixed assets | 21 | €25,676 | - | -€25,676 | |
| Tangible fixed assets | 22/27 | €55,015 | - | -€55,015 | |
| Plant, machinery and equipment | 23 | €2,650 | - | -€2,650 | |
| Furniture and vehicles | 24 | €2,098 | - | -€2,098 | |
| Other tangible fixed assets | 26 | €50,267 | - | -€50,267 | |
| Current assets | 29/58 | €160,850 | €362,761 | +€201,910 | +125.5% |
| Amounts receivable after more than one year | 29 | - | €362,761 | +€362,761 | |
| Trade receivables | 290 | - | €362,761 | +€362,761 | |
| Amounts receivable within one year | 40/41 | €121,248 | - | -€121,248 | |
| Other amounts receivable | 41 | €121,248 | - | -€121,248 | |
| Deferred charges and accrued income | 490/1 | €39,602 | - | -€39,602 | |
| Total equity and liabilities | 10/49 | €241,541 | €362,761 | +€121,220 | +50.2% |
| Equity | 10/15 | €19,501 | €195,085 | +€175,584 | +900.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €223 | €175,807 | +€175,584 | +78631.4% |
| Non-distributable reserves | 130/1 | €223 | €223 | = | 0.0% |
| Reserves not available under the articles | 1311 | €223 | €223 | = | 0.0% |
| Distributable reserves | 133 | - | €175,584 | +€175,584 | |
| Profit (loss) carried forward | 14 | €678 | €678 | = | 0.0% |
| Amounts payable | 17/49 | €222,040 | €167,676 | -€54,364 | -24.5% |
| Amounts payable after more than one year | 17 | €99,323 | €69,350 | -€29,973 | -30.2% |
| Financial debts | 170/4 | €99,323 | €69,350 | -€29,973 | -30.2% |
| Amounts payable within one year | 42/48 | €121,546 | €54,996 | -€66,551 | -54.8% |
| Current portion of amounts payable after more than one year | 42 | €33,744 | €29,973 | -€3,771 | -11.2% |
| Financial debts | 43 | €16,000 | - | -€16,000 | |
| Credit institutions | 430/8 | €16,000 | - | -€16,000 | |
| Trade debts | 44 | €3,158 | €3,413 | +€255 | +8.1% |
| Suppliers | 440/4 | €3,158 | €3,413 | +€255 | +8.1% |
| Taxes, remuneration and social security | 45 | €67,208 | €21,610 | -€45,598 | -67.8% |
| Taxes | 450/3 | €61,229 | €21,610 | -€39,619 | -64.7% |
| Remuneration and social security | 454/9 | €5,979 | - | -€5,979 | |
| Other amounts payable | 47/48 | €1,436 | - | -€1,436 | |
| Accrued charges and deferred income | 492/3 | €1,171 | €43,330 | +€42,159 | +3600.0% |
| Remuneration, social security and pensions | 62 | €26,609 | €848 | -€25,761 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,697 | €28,479 | -€10,218 | -26.4% |
| Other operating charges | 640/8 | €632 | €828 | +€196 | +31.0% |
| Non-recurring operating charges | 66A | - | €44,461 | +€44,461 | |
| Gross operating margin | 9900 | €223,501 | €150,022 | -€73,479 | -32.9% |
| Operating profit (loss) | 9901 | €157,563 | €75,407 | -€82,156 | -52.1% |
| Financial income | 75/76B | €4 | €207,298 | +€207,294 | +5370310.1% |
| Recurring financial income | 75 | €4 | €514 | +€510 | +13214.2% |
| Non-recurring financial income | 76B | - | €206,784 | +€206,784 | |
| Financial charges | 65/66B | €3,004 | €2,500 | -€505 | -16.8% |
| Recurring financial charges | 65 | €3,004 | €2,500 | -€505 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €154,563 | €280,205 | +€125,642 | +81.3% |
| Income taxes | 67/77 | €37,610 | €104,621 | +€67,011 | +178.2% |
| Profit (loss) for the period | 9904 | €116,953 | €175,584 | +€58,631 | +50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,953 | €175,584 | +€58,631 | +50.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.