EPA Consulting: 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.
EPA Consulting
Largest movements
- Cash -€128,641
down €128,641 (-70.6%), from €182,246 to €53,605
mainly Contributions, distributions and other (-€261,479) and Net result for the year (-€149,897)
- Receivables within one year -€30,632
down €30,632 (-7.9%), from €387,565 to €356,934
of which Other amounts receivable: -€18,532
- Reserves -€261,479
down €261,479 (-24.9%), from €1.1m to €790,313
of which Distributable reserves: -€261,479
- Other debts +€259,408
up €259,408 (+12,528%), from €2,071 to €261,479
- Profit (loss) carried forward -€149,897
new in 2025: -€149,897
- Tax, wage and social debts -€16,285
down €16,285 (-96.9%), from €16,802 to €518
- Gross operating margin -€309,218
down €309,218, from €173,323 to -€135,894
- Taxes -€49,017
down €49,017 (-99.0%), from €49,535 to €518
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 | €1,089,841 | €921,400 | -€168,440 | -15.5% |
| Fixed assets | 21/28 | €17,178 | €7,448 | -€9,730 | -56.6% |
| Tangible fixed assets | 22/27 | €17,178 | €7,448 | -€9,730 | -56.6% |
| Furniture and vehicles | 24 | €17,178 | €7,448 | -€9,730 | -56.6% |
| Current assets | 29/58 | €1,072,662 | €913,952 | -€158,710 | -14.8% |
| Amounts receivable within one year | 40/41 | €387,565 | €356,934 | -€30,632 | -7.9% |
| Trade receivables | 40 | €12,100 | - | -€12,100 | |
| Other amounts receivable | 41 | €375,465 | €356,934 | -€18,532 | -4.9% |
| Current investments | 50/53 | €499,998 | €499,998 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €182,246 | €53,605 | -€128,641 | -70.6% |
| Deferred charges and accrued income | 490/1 | €2,853 | €3,415 | +€562 | +19.7% |
| Total equity and liabilities | 10/49 | €1,089,841 | €921,400 | -€168,440 | -15.5% |
| Equity | 10/15 | €1,070,392 | €659,017 | -€411,376 | -38.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,051,792 | €790,313 | -€261,479 | -24.9% |
| Tax-exempt reserves | 132 | €4,982 | €4,982 | = | 0.0% |
| Distributable reserves | 133 | €1,046,811 | €785,332 | -€261,479 | -25.0% |
| Profit (loss) carried forward | 14 | - | -€149,897 | -€149,897 | |
| Amounts payable | 17/49 | €19,449 | €262,384 | +€242,935 | +1,249% |
| Amounts payable within one year | 42/48 | €19,449 | €262,384 | +€242,935 | +1,249% |
| Trade debts | 44 | €576 | €387 | -€188 | -32.7% |
| Suppliers | 440/4 | €576 | €387 | -€188 | -32.7% |
| Taxes, remuneration and social security | 45 | €16,802 | €518 | -€16,285 | -96.9% |
| Taxes | 450/3 | €16,802 | €518 | -€16,285 | -96.9% |
| Other amounts payable | 47/48 | €2,071 | €261,479 | +€259,408 | +12,528% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,511 | €12,727 | +€217 | +1.7% |
| Other operating charges | 640/8 | €519 | €687 | +€169 | +32.5% |
| Gross operating margin | 9900 | €173,323 | -€135,894 | -€309,218 | |
| Operating profit (loss) | 9901 | €160,294 | -€149,309 | -€309,603 | |
| Financial charges | 65/66B | €69 | €70 | +€1 | +1.9% |
| Recurring financial charges | 65 | €69 | €70 | +€1 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €160,225 | -€149,379 | -€309,604 | |
| Income taxes | 67/77 | €49,535 | €518 | -€49,017 | -99.0% |
| Profit (loss) for the period | 9904 | €110,691 | -€149,897 | -€260,587 | |
| Profit (loss) for the period to be appropriated | 9905 | €110,691 | -€149,897 | -€260,587 |
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 15 October 2026 via checked.be.