EP LAW: 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 LAW
Largest movements
- Cash +€138,279
up €138,279 (+94.2%), from €146,740 to €285,018
mainly Net result for the year (+€99,685) and Trade debts (+€33,707)
- Receivables within one year +€22,708
up €22,708 (+8.1%), from €280,297 to €303,004
of which Other amounts receivable: +€13,484
- Deferred charges and accrued income +€11,340
up €11,340 (+164%), from €6,902 to €18,242
- Profit (loss) carried forward +€99,685
up €99,685 (+55.5%), from €179,757 to €279,442
- Trade debts +€33,707
up €33,707 (+20.9%), from €161,114 to €194,822
- Short-term financial debts +€24,000
new in 2025: €24,000
- Other debts +€14,948
up €14,948 (+1,424%), from €1,049 to €15,997
- Gross operating margin +€20,184
up €20,184 (+13.6%), from €148,372 to €168,556
- Taxes +€8,213
up €8,213 (+34.1%), from €24,074 to €32,288
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 | €437,443 | €608,106 | +€170,663 | +39.0% |
| Fixed assets | 21/28 | €3,504 | €1,841 | -€1,663 | -47.5% |
| Tangible fixed assets | 22/27 | €3,504 | €1,841 | -€1,663 | -47.5% |
| Furniture and vehicles | 24 | €3,504 | €1,841 | -€1,663 | -47.5% |
| Current assets | 29/58 | €433,939 | €606,265 | +€172,326 | +39.7% |
| Amounts receivable within one year | 40/41 | €280,297 | €303,004 | +€22,708 | +8.1% |
| Trade receivables | 40 | €278,267 | €287,490 | +€9,224 | +3.3% |
| Other amounts receivable | 41 | €2,030 | €15,514 | +€13,484 | +664% |
| Cash at bank and in hand | 54/58 | €146,740 | €285,018 | +€138,279 | +94.2% |
| Deferred charges and accrued income | 490/1 | €6,902 | €18,242 | +€11,340 | +164% |
| Total equity and liabilities | 10/49 | €437,443 | €608,106 | +€170,663 | +39.0% |
| Equity | 10/15 | €209,757 | €309,442 | +€99,685 | +47.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €179,757 | €279,442 | +€99,685 | +55.5% |
| Amounts payable | 17/49 | €227,686 | €298,664 | +€70,979 | +31.2% |
| Amounts payable within one year | 42/48 | €226,891 | €298,664 | +€71,773 | +31.6% |
| Financial debts | 43 | - | €24,000 | +€24,000 | |
| Credit institutions | 430/8 | - | €24,000 | +€24,000 | |
| Trade debts | 44 | €161,114 | €194,822 | +€33,707 | +20.9% |
| Suppliers | 440/4 | €161,114 | €194,822 | +€33,707 | +20.9% |
| Taxes, remuneration and social security | 45 | €64,727 | €63,845 | -€882 | -1.4% |
| Taxes | 450/3 | €57,448 | €56,362 | -€1,085 | -1.9% |
| Remuneration and social security | 454/9 | €7,280 | €7,483 | +€203 | +2.8% |
| Other amounts payable | 47/48 | €1,049 | €15,997 | +€14,948 | +1,424% |
| Accrued charges and deferred income | 492/3 | €794 | €0 | -€794 | -100% |
| Remuneration, social security and pensions | 62 | €24,120 | €25,335 | +€1,215 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | €1,663 | +€620 | +59.4% |
| Other operating charges | 640/8 | €9,312 | €7,915 | -€1,397 | -15.0% |
| Gross operating margin | 9900 | €148,372 | €168,556 | +€20,184 | +13.6% |
| Operating profit (loss) | 9901 | €113,897 | €133,643 | +€19,746 | +17.3% |
| Financial income | 75/76B | €149 | €4 | -€146 | -97.5% |
| Recurring financial income | 75 | €149 | €4 | -€146 | -97.5% |
| Financial charges | 65/66B | €1,663 | €1,674 | +€11 | +0.7% |
| Recurring financial charges | 65 | €1,663 | €1,674 | +€11 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €112,383 | €131,972 | +€19,589 | +17.4% |
| Income taxes | 67/77 | €24,074 | €32,288 | +€8,213 | +34.1% |
| Profit (loss) for the period | 9904 | €88,308 | €99,685 | +€11,376 | +12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €88,308 | €99,685 | +€11,376 | +12.9% |
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 18 October 2026 via checked.be.