EPAA: 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.
EPAA
Largest movements
- Cash -€945
down €945 (-46.5%), from €2,034 to €1,089
mainly Net result for the year (-€2,524)
- Receivables within one year -€50
down €50 (-5.4%), from €924 to €874
of which Trade receivables: -€505
- Profit (loss) carried forward -€2,524
down €2,524 (-94.4%), from -€2,674 to -€5,197
- Trade debts +€1,529
up €1,529 (+242.1%), from €631 to €2,160
- Other operating charges -€382
down €382 (-74.9%), from €510 to €128
- Financial charges +€138
up €138 (+886.9%), from €16 to €154
- Gross operating margin -€94
down €94 (-4.4%), from -€2,148 to -€2,242
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.
Cash bridge derived
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 | €2,958 | €1,963 | -€995 | -33.6% |
| Current assets | 29/58 | €2,958 | €1,963 | -€995 | -33.6% |
| Amounts receivable within one year | 40/41 | €924 | €874 | -€50 | -5.4% |
| Trade receivables | 40 | €505 | €0 | -€505 | -100.0% |
| Other amounts receivable | 41 | €418 | €874 | +€456 | +108.9% |
| Cash at bank and in hand | 54/58 | €2,034 | €1,089 | -€945 | -46.5% |
| Total equity and liabilities | 10/49 | €2,958 | €1,963 | -€995 | -33.6% |
| Equity | 10/15 | €2,326 | -€197 | -€2,524 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,674 | -€5,197 | -€2,524 | -94.4% |
| Amounts payable | 17/49 | €631 | €2,160 | +€1,529 | +242.1% |
| Amounts payable within one year | 42/48 | €631 | €2,160 | +€1,529 | +242.1% |
| Trade debts | 44 | €631 | €2,160 | +€1,529 | +242.1% |
| Suppliers | 440/4 | €631 | €2,160 | +€1,529 | +242.1% |
| Other operating charges | 640/8 | €510 | €128 | -€382 | -74.9% |
| Gross operating margin | 9900 | -€2,148 | -€2,242 | -€94 | -4.4% |
| Operating profit (loss) | 9901 | -€2,658 | -€2,370 | +€289 | +10.9% |
| Financial charges | 65/66B | €16 | €154 | +€138 | +886.9% |
| Recurring financial charges | 65 | €16 | €154 | +€138 | +886.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,674 | -€2,524 | +€150 | +5.6% |
| Profit (loss) for the period | 9904 | -€2,674 | -€2,524 | +€150 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,674 | -€2,524 | +€150 | +5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.