EPB: what changed
EPB
Largest movements
- Receivables within one year -€78,279
down €78,279 (-38.7%), from €202,027 to €123,748
of which Trade receivables: -€67,181
- Deferred charges and accrued income +€33,600
up €33,600 (+11,218%), from €300 to €33,900
- Cash +€3,572
up €3,572 (+59.0%), from €6,051 to €9,623
mainly Receivables within one year (+€78,279) and Net result for the year (+€36,906)
- Trade debts -€65,367
down €65,367 (-59.9%), from €109,216 to €43,848
- Debts after one year +€20,000
up €20,000 (+36.4%), from €55,000 to €75,000
- Profit (loss) carried forward +€16,906
up €16,906 (+75.0%), from €22,554 to €39,459
- Other debts -€6,836
down €6,836 (-52.0%), from €13,150 to €6,314
- Tax, wage and social debts -€5,808
down €5,808 (-89.9%), from €6,458 to €650
- Gross operating margin +€40,719
up €40,719 (+1,450%), from €2,808 to €43,527
- Taxes +€4,852
up €4,852 (+647%), from €750 to €5,602
- Financial income -€2,126
down €2,126 (-99.9%), from €2,129 to €2
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,377 | €167,271 | -€41,106 | -19.7% |
| Current assets | 29/58 | €208,377 | €167,271 | -€41,106 | -19.7% |
| Amounts receivable within one year | 40/41 | €202,027 | €123,748 | -€78,279 | -38.7% |
| Trade receivables | 40 | €183,206 | €116,025 | -€67,181 | -36.7% |
| Other amounts receivable | 41 | €18,821 | €7,723 | -€11,097 | -59.0% |
| Cash at bank and in hand | 54/58 | €6,051 | €9,623 | +€3,572 | +59.0% |
| Deferred charges and accrued income | 490/1 | €300 | €33,900 | +€33,600 | +11,218% |
| Total equity and liabilities | 10/49 | €208,377 | €167,271 | -€41,106 | -19.7% |
| Equity | 10/15 | €24,554 | €41,459 | +€16,906 | +68.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,554 | €39,459 | +€16,906 | +75.0% |
| Amounts payable | 17/49 | €183,824 | €125,812 | -€58,012 | -31.6% |
| Amounts payable after more than one year | 17 | €55,000 | €75,000 | +€20,000 | +36.4% |
| Other amounts payable | 178/9 | €55,000 | €75,000 | +€20,000 | +36.4% |
| Amounts payable within one year | 42/48 | €128,824 | €50,812 | -€78,012 | -60.6% |
| Trade debts | 44 | €109,216 | €43,848 | -€65,367 | -59.9% |
| Suppliers | 440/4 | €109,216 | €43,848 | -€65,367 | -59.9% |
| Taxes, remuneration and social security | 45 | €6,458 | €650 | -€5,808 | -89.9% |
| Taxes | 450/3 | €6,458 | €650 | -€5,808 | -89.9% |
| Other amounts payable | 47/48 | €13,150 | €6,314 | -€6,836 | -52.0% |
| Other operating charges | 640/8 | €419 | €400 | -€19 | -4.6% |
| Gross operating margin | 9900 | €2,808 | €43,527 | +€40,719 | +1,450% |
| Operating profit (loss) | 9901 | €2,389 | €43,127 | +€40,738 | +1,705% |
| Financial income | 75/76B | €2,129 | €2 | -€2,126 | -99.9% |
| Recurring financial income | 75 | €2,129 | €2 | -€2,126 | -99.9% |
| Financial charges | 65/66B | €796 | €622 | -€175 | -21.9% |
| Recurring financial charges | 65 | €796 | €622 | -€175 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €3,722 | €42,508 | +€38,786 | +1,042% |
| Income taxes | 67/77 | €750 | €5,602 | +€4,852 | +647% |
| Profit (loss) for the period | 9904 | €2,972 | €36,906 | +€33,934 | +1,142% |
| Profit (loss) for the period to be appropriated | 9905 | €2,972 | €36,906 | +€33,934 | +1,142% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.