EPATRA: 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.
EPATRA
Largest movements
- Deferred charges and accrued income +€4,327
up €4,327 (+228.1%), from €1,897 to €6,223
- Cash -€997
down €997 (-24.4%), from €4,085 to €3,089
mainly Net result for the year (-€135,133) and Accrued charges and deferred income (-€10,575)
- Tangible fixed assets -€655
down €655 (-43.8%), from €1,496 to €842
- Profit (loss) carried forward -€135,133
down €135,133 (-129.3%), from -€104,511 to -€239,645
- Other debts +€126,019
up €126,019 (+229.1%), from €55,000 to €181,019
- Trade debts +€13,252
up €13,252 (+72.4%), from €18,308 to €31,559
- Accrued charges and deferred income -€10,575
no longer reported in 2025 (was €10,575)
- Tax, wage and social debts +€9,089
up €9,089 (+22.7%), from €40,097 to €49,185
of which Taxes: +€12,411
- Gross operating margin -€57,992
down €57,992 (-32.5%), from €178,459 to €120,467
- Financial charges -€42,938
down €42,938 (-99.5%), from €43,134 to €197
- Other operating charges -€2,982
down €2,982 (-76.7%), from €3,885 to €904
- Staff costs +€2,482
up €2,482 (+1.0%), from €250,713 to €253,195
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 | €38,398 | €41,049 | +€2,651 | +6.9% |
| Fixed assets | 21/28 | €1,496 | €842 | -€655 | -43.8% |
| Tangible fixed assets | 22/27 | €1,496 | €842 | -€655 | -43.8% |
| Furniture and vehicles | 24 | €1,496 | €842 | -€655 | -43.8% |
| Current assets | 29/58 | €36,902 | €40,207 | +€3,305 | +9.0% |
| Amounts receivable within one year | 40/41 | €30,920 | €30,895 | -€25 | -0.1% |
| Trade receivables | 40 | €28,107 | €29,024 | +€917 | +3.3% |
| Other amounts receivable | 41 | €2,813 | €1,872 | -€942 | -33.5% |
| Cash at bank and in hand | 54/58 | €4,085 | €3,089 | -€997 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,897 | €6,223 | +€4,327 | +228.1% |
| Total equity and liabilities | 10/49 | €38,398 | €41,049 | +€2,651 | +6.9% |
| Equity | 10/15 | -€85,581 | -€220,715 | -€135,133 | -157.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €330 | €330 | = | 0.0% |
| Distributable reserves | 133 | €330 | €330 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€104,511 | -€239,645 | -€135,133 | -129.3% |
| Amounts payable | 17/49 | €123,979 | €261,764 | +€137,784 | +111.1% |
| Amounts payable within one year | 42/48 | €113,404 | €261,764 | +€148,359 | +130.8% |
| Trade debts | 44 | €18,308 | €31,559 | +€13,252 | +72.4% |
| Suppliers | 440/4 | €18,308 | €31,559 | +€13,252 | +72.4% |
| Taxes, remuneration and social security | 45 | €40,097 | €49,185 | +€9,089 | +22.7% |
| Taxes | 450/3 | €7,823 | €20,234 | +€12,411 | +158.7% |
| Remuneration and social security | 454/9 | €32,274 | €28,951 | -€3,323 | -10.3% |
| Other amounts payable | 47/48 | €55,000 | €181,019 | +€126,019 | +229.1% |
| Accrued charges and deferred income | 492/3 | €10,575 | - | -€10,575 | |
| Remuneration, social security and pensions | 62 | €250,713 | €253,195 | +€2,482 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €555 | €655 | +€100 | +18.0% |
| Other operating charges | 640/8 | €3,885 | €904 | -€2,982 | -76.7% |
| Gross operating margin | 9900 | €178,459 | €120,467 | -€57,992 | -32.5% |
| Operating profit (loss) | 9901 | -€76,694 | -€134,286 | -€57,592 | -75.1% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €43,134 | €197 | -€42,938 | -99.5% |
| Recurring financial charges | 65 | €43,134 | €197 | -€42,938 | -99.5% |
| Profit (loss) for the period before taxes | 9903 | -€119,828 | -€134,478 | -€14,650 | -12.2% |
| Income taxes | 67/77 | €671 | €655 | -€16 | -2.4% |
| Profit (loss) for the period | 9904 | -€120,499 | -€135,133 | -€14,634 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€120,499 | -€135,133 | -€14,634 | -12.1% |
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 7 October 2026 via checked.be.