EP TOITURES: 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 TOITURES
Largest movements
- Tangible fixed assets -€45,371
down €45,371 (-13.6%), from €334,465 to €289,094
of which Land and buildings: -€27,461
- Cash -€43,140
down €43,140 (-56.6%), from €76,255 to €33,115
mainly Short-term financial debts (-€50,000) and Debts after one year (-€37,304)
- Current investments -€13,670
down €13,670 (-11.3%), from €121,075 to €107,405
- Short-term financial debts -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Debts after one year -€37,304
down €37,304 (-17.2%), from €216,550 to €179,246
- Trade debts -€12,842
down €12,842 (-10.5%), from €122,355 to €109,513
- Tax, wage and social debts +€10,971
up €10,971 (+25,514%), from €43 to €11,014
- Current portion of long-term debt -€6,690
down €6,690 (-12.5%), from €53,616 to €46,926
- Gross operating margin +€46,798
up €46,798 (+10.7%), from €436,019 to €482,817
- Staff costs +€30,253
up €30,253 (+8.4%), from €362,091 to €392,344
- Financial income -€5,690
down €5,690 (-48.4%), from €11,763 to €6,073
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 | €614,170 | €517,012 | -€97,158 | -15.8% |
| Fixed assets | 21/28 | €334,490 | €289,119 | -€45,371 | -13.6% |
| Tangible fixed assets | 22/27 | €334,465 | €289,094 | -€45,371 | -13.6% |
| Land and buildings | 22 | €262,800 | €235,339 | -€27,461 | -10.4% |
| Furniture and vehicles | 24 | €71,665 | €53,755 | -€17,910 | -25.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €279,680 | €227,893 | -€51,787 | -18.5% |
| Stocks and contracts in progress | 3 | €28,595 | €29,085 | +€490 | +1.7% |
| Stocks | 30/36 | €28,595 | €29,085 | +€490 | +1.7% |
| Amounts receivable within one year | 40/41 | €53,755 | €56,568 | +€2,813 | +5.2% |
| Trade receivables | 40 | €15,619 | €32,018 | +€16,399 | +105% |
| Other amounts receivable | 41 | €38,136 | €24,550 | -€13,586 | -35.6% |
| Current investments | 50/53 | €121,075 | €107,405 | -€13,670 | -11.3% |
| Cash at bank and in hand | 54/58 | €76,255 | €33,115 | -€43,140 | -56.6% |
| Deferred charges and accrued income | 490/1 | - | €1,720 | +€1,720 | |
| Total equity and liabilities | 10/49 | €614,170 | €517,012 | -€97,158 | -15.8% |
| Equity | 10/15 | €111,200 | €108,571 | -€2,629 | -2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,427 | €68,986 | +€559 | +0.8% |
| Investment grants | 15 | €22,313 | €19,125 | -€3,188 | -14.3% |
| Amounts payable | 17/49 | €502,970 | €408,441 | -€94,529 | -18.8% |
| Amounts payable after more than one year | 17 | €216,550 | €179,246 | -€37,304 | -17.2% |
| Financial debts | 170/4 | €216,550 | €179,246 | -€37,304 | -17.2% |
| Amounts payable within one year | 42/48 | €286,420 | €229,195 | -€57,225 | -20.0% |
| Current portion of amounts payable after more than one year | 42 | €53,616 | €46,926 | -€6,690 | -12.5% |
| Financial debts | 43 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Credit institutions | 430/8 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Trade debts | 44 | €122,355 | €109,513 | -€12,842 | -10.5% |
| Suppliers | 440/4 | €122,355 | €109,513 | -€12,842 | -10.5% |
| Advances received on contracts in progress | 46 | €8,339 | €11,554 | +€3,215 | +38.6% |
| Taxes, remuneration and social security | 45 | €43 | €11,014 | +€10,971 | +25,514% |
| Remuneration and social security | 454/9 | €43 | €11,014 | +€10,971 | +25,514% |
| Other amounts payable | 47/48 | €2,067 | €188 | -€1,879 | -90.9% |
| Non-recurring operating income | 76A | €48,995 | - | -€48,995 | |
| Remuneration, social security and pensions | 62 | €362,091 | €392,344 | +€30,253 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,095 | €62,585 | +€2,490 | +4.1% |
| Other operating charges | 640/8 | €8,598 | €12,084 | +€3,486 | +40.5% |
| Gross operating margin | 9900 | €436,019 | €482,817 | +€46,798 | +10.7% |
| Operating profit (loss) | 9901 | €5,235 | €15,804 | +€10,569 | +202% |
| Financial income | 75/76B | €11,763 | €6,073 | -€5,690 | -48.4% |
| Recurring financial income | 75 | €11,763 | €6,073 | -€5,690 | -48.4% |
| Financial charges | 65/66B | €17,048 | €20,749 | +€3,701 | +21.7% |
| Recurring financial charges | 65 | €17,048 | €20,749 | +€3,701 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | -€50 | €1,128 | +€1,178 | |
| Income taxes | 67/77 | - | €569 | +€569 | |
| Profit (loss) for the period | 9904 | -€50 | €559 | +€609 | |
| Profit (loss) for the period to be appropriated | 9905 | -€50 | €559 | +€609 |
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.