EPB CONSULT: 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.
EPB CONSULT
Largest movements
- Receivables within one year -€348,017
down €348,017 (-72.3%), from €481,046 to €133,028
of which Other amounts receivable: -€341,020
- Tangible fixed assets -€253,098
down €253,098 (-6.4%), from €3.9m to €3.7m
of which Land and buildings: -€244,217
- Financial fixed assets -€100,000
no longer reported in 2025 (was €100,000)
- Deferred charges and accrued income +€51,748
up €51,748 (+32.8%), from €157,962 to €209,710
- Debts after one year -€355,477
down €355,477 (-14.3%), from €2.5m to €2.1m
- Reserves -€190,848
down €190,848 (-11.9%), from €1.6m to €1.4m
of which Distributable reserves: -€116,167
- Short-term financial debts -€58,501
no longer reported in 2025 (was €58,501)
- Financial charges +€287,964
up €287,964 (+240.6%), from €119,673 to €407,637
of which Non-recurring financial charges: +€313,667
- Taxes -€87,245
down €87,245 (-86.4%), from €100,991 to €13,746
- Gross operating margin -€74,400
down €74,400 (-11.3%), from €656,120 to €581,720
- Other operating charges +€62,603
up €62,603 (+365.2%), from €17,143 to €79,746
- Financial income -€11,597
down €11,597 (-43.8%), from €26,448 to €14,851
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 | €5,081,858 | €4,376,980 | -€704,878 | -13.9% |
| Fixed assets | 21/28 | €4,028,312 | €3,675,214 | -€353,098 | -8.8% |
| Tangible fixed assets | 22/27 | €3,928,312 | €3,675,214 | -€253,098 | -6.4% |
| Land and buildings | 22 | €3,900,777 | €3,656,560 | -€244,217 | -6.3% |
| Plant, machinery and equipment | 23 | €780 | €491 | -€288 | -37.0% |
| Furniture and vehicles | 24 | €26,755 | €18,163 | -€8,592 | -32.1% |
| Financial fixed assets | 28 | €100,000 | - | -€100,000 | |
| Current assets | 29/58 | €1,053,546 | €701,765 | -€351,781 | -33.4% |
| Amounts receivable after more than one year | 29 | €319,063 | €331,028 | +€11,965 | +3.8% |
| Other amounts receivable | 291 | €319,063 | €331,028 | +€11,965 | +3.8% |
| Stocks and contracts in progress | 3 | €46,835 | - | -€46,835 | |
| Stocks | 30/36 | €46,835 | - | -€46,835 | |
| Amounts receivable within one year | 40/41 | €481,046 | €133,028 | -€348,017 | -72.3% |
| Trade receivables | 40 | €50,333 | €43,336 | -€6,997 | -13.9% |
| Other amounts receivable | 41 | €430,712 | €89,692 | -€341,020 | -79.2% |
| Current investments | 50/53 | €15 | €15 | +€0 | +0.2% |
| Cash at bank and in hand | 54/58 | €48,625 | €27,984 | -€20,641 | -42.4% |
| Deferred charges and accrued income | 490/1 | €157,962 | €209,710 | +€51,748 | +32.8% |
| Total equity and liabilities | 10/49 | €5,081,858 | €4,376,980 | -€704,878 | -13.9% |
| Equity | 10/15 | €1,842,120 | €1,651,272 | -€190,848 | -10.4% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Outside capital | 11 | €240,000 | €240,000 | = | 0.0% |
| Other | 1109/19 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €1,602,120 | €1,411,272 | -€190,848 | -11.9% |
| Tax-exempt reserves | 132 | €561,620 | €486,939 | -€74,681 | -13.3% |
| Distributable reserves | 133 | €1,040,500 | €924,333 | -€116,167 | -11.2% |
| Provisions and deferred taxes | 16 | €164,804 | €152,834 | -€11,970 | -7.3% |
| Deferred taxes | 168 | €164,804 | €152,834 | -€11,970 | -7.3% |
| Amounts payable | 17/49 | €3,074,934 | €2,572,874 | -€502,060 | -16.3% |
| Amounts payable after more than one year | 17 | €2,486,243 | €2,130,766 | -€355,477 | -14.3% |
| Financial debts | 170/4 | €2,486,243 | €2,130,766 | -€355,477 | -14.3% |
| Amounts payable within one year | 42/48 | €564,518 | €426,239 | -€138,280 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €363,587 | €355,623 | -€7,964 | -2.2% |
| Financial debts | 43 | €58,501 | - | -€58,501 | |
| Credit institutions | 430/8 | €58,501 | - | -€58,501 | |
| Trade debts | 44 | €15,016 | €8,396 | -€6,620 | -44.1% |
| Suppliers | 440/4 | €15,016 | €8,396 | -€6,620 | -44.1% |
| Advances received on contracts in progress | 46 | €1,165 | €1,055 | -€110 | -9.4% |
| Taxes, remuneration and social security | 45 | €39,188 | €15,197 | -€23,991 | -61.2% |
| Taxes | 450/3 | €39,188 | €15,197 | -€23,991 | -61.2% |
| Other amounts payable | 47/48 | €87,061 | €45,967 | -€41,094 | -47.2% |
| Accrued charges and deferred income | 492/3 | €24,173 | €15,869 | -€8,304 | -34.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,556 | €253,098 | -€11,459 | -4.3% |
| Other operating charges | 640/8 | €17,143 | €79,746 | +€62,603 | +365.2% |
| Gross operating margin | 9900 | €656,120 | €581,720 | -€74,400 | -11.3% |
| Operating profit (loss) | 9901 | €374,421 | €248,876 | -€125,544 | -33.5% |
| Financial income | 75/76B | €26,448 | €14,851 | -€11,597 | -43.8% |
| Recurring financial income | 75 | €26,448 | €14,851 | -€11,597 | -43.8% |
| Financial charges | 65/66B | €119,673 | €407,637 | +€287,964 | +240.6% |
| Recurring financial charges | 65 | €119,673 | €93,970 | -€25,703 | -21.5% |
| Non-recurring financial charges | 66B | - | €313,667 | +€313,667 | |
| Profit (loss) for the period before taxes | 9903 | €281,195 | -€143,910 | -€425,105 | |
| Transfer from deferred taxes | 780 | €11,970 | €11,970 | = | 0.0% |
| Income taxes | 67/77 | €100,991 | €13,746 | -€87,245 | -86.4% |
| Profit (loss) for the period | 9904 | €192,174 | -€145,686 | -€337,860 | |
| Transfer from tax-exempt reserves | 789 | €37,181 | €74,681 | +€37,500 | +100.9% |
| Profit (loss) for the period to be appropriated | 9905 | €229,355 | -€71,005 | -€300,360 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.