EP Management Solutions: 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 Management Solutions
Largest movements
- Cash +€54,946
up €54,946 (+229.7%), from €23,920 to €78,866
- Receivables within one year +€7,108
up €7,108 (+69.0%), from €10,298 to €17,406
of which Trade receivables: +€4,310
- Tangible fixed assets +€5,636
new in 2025: €5,636
- Other debts +€53,374
up €53,374 (+3541.2%), from €1,507 to €54,881
- Tax, wage and social debts +€9,160
up €9,160 (+166.2%), from €5,510 to €14,670
- Reserves +€6,743
up €6,743 (+47.2%), from €14,300 to €21,043
- Trade debts -€1,858
down €1,858 (-70.3%), from €2,642 to €784
- Gross operating margin +€48,367
up €48,367 (+549.9%), from €8,795 to €57,162
- Taxes -€6,787
down €6,787, from €2,702 to -€4,084
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,218 | €101,907 | +€67,690 | +197.8% |
| Fixed assets | 21/28 | - | €5,636 | +€5,636 | |
| Tangible fixed assets | 22/27 | - | €5,636 | +€5,636 | |
| Plant, machinery and equipment | 23 | - | €5,636 | +€5,636 | |
| Current assets | 29/58 | €34,218 | €96,272 | +€62,054 | +181.3% |
| Amounts receivable within one year | 40/41 | €10,298 | €17,406 | +€7,108 | +69.0% |
| Trade receivables | 40 | €9,000 | €13,310 | +€4,310 | +47.9% |
| Other amounts receivable | 41 | €1,298 | €4,096 | +€2,798 | +215.6% |
| Cash at bank and in hand | 54/58 | €23,920 | €78,866 | +€54,946 | +229.7% |
| Total equity and liabilities | 10/49 | €34,218 | €101,907 | +€67,690 | +197.8% |
| Equity | 10/15 | €24,559 | €31,301 | +€6,743 | +27.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €14,300 | €21,043 | +€6,743 | +47.2% |
| Distributable reserves | 133 | €14,300 | €21,043 | +€6,743 | +47.2% |
| Profit (loss) carried forward | 14 | €5,259 | €5,259 | = | 0.0% |
| Amounts payable | 17/49 | €9,659 | €70,606 | +€60,947 | +631.0% |
| Amounts payable within one year | 42/48 | €9,659 | €70,336 | +€60,676 | +628.2% |
| Trade debts | 44 | €2,642 | €784 | -€1,858 | -70.3% |
| Suppliers | 440/4 | €2,642 | €784 | -€1,858 | -70.3% |
| Taxes, remuneration and social security | 45 | €5,510 | €14,670 | +€9,160 | +166.2% |
| Taxes | 450/3 | €5,510 | €14,670 | +€9,160 | +166.2% |
| Other amounts payable | 47/48 | €1,507 | €54,881 | +€53,374 | +3541.2% |
| Accrued charges and deferred income | 492/3 | - | €270 | +€270 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4 | +€4 | |
| Other operating charges | 640/8 | €62 | €605 | +€544 | +884.3% |
| Gross operating margin | 9900 | €8,795 | €57,162 | +€48,367 | +549.9% |
| Operating profit (loss) | 9901 | €8,734 | €56,552 | +€47,819 | +547.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €78 | €497 | +€419 | +536.5% |
| Recurring financial charges | 65 | €78 | €497 | +€419 | +536.5% |
| Profit (loss) for the period before taxes | 9903 | €8,656 | €56,056 | +€47,400 | +547.6% |
| Income taxes | 67/77 | €2,702 | -€4,084 | -€6,787 | |
| Profit (loss) for the period | 9904 | €5,953 | €60,140 | +€54,187 | +910.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,953 | €60,140 | +€54,187 | +910.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.