EPB VEREECKE: 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.
EPB VEREECKE
Largest movements
- Receivables within one year -€73,332
down €73,332 (-43.5%), from €168,672 to €95,340
of which Other amounts receivable: -€72,855
- Cash -€28,411
down €28,411 (-25.9%), from €109,564 to €81,153
mainly Contributions, distributions and other (-€378,925) and Investment in fixed assets (net) (-€8,454)
- Reserves -€173,442
down €173,442 (-73.4%), from €236,274 to €62,832
- Other debts +€69,485
up €69,485 (+203%), from €34,238 to €103,723
- Gross operating margin +€26,422
up €26,422 (+10.4%), from €254,548 to €280,971
- Taxes +€6,760
up €6,760 (+12.1%), from €56,027 to €62,787
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 | €307,740 | €200,538 | -€107,203 | -34.8% |
| Fixed assets | 21/28 | €24,479 | €21,631 | -€2,849 | -11.6% |
| Intangible fixed assets | 21 | €1,034 | €606 | -€429 | -41.4% |
| Tangible fixed assets | 22/27 | €23,445 | €21,025 | -€2,420 | -10.3% |
| Land and buildings | 22 | €3,158 | €5,833 | +€2,675 | +84.7% |
| Plant, machinery and equipment | 23 | €3,079 | €3,931 | +€853 | +27.7% |
| Furniture and vehicles | 24 | €17,209 | €11,261 | -€5,948 | -34.6% |
| Current assets | 29/58 | €283,261 | €178,907 | -€104,354 | -36.8% |
| Amounts receivable within one year | 40/41 | €168,672 | €95,340 | -€73,332 | -43.5% |
| Trade receivables | 40 | €83,478 | €83,001 | -€477 | -0.6% |
| Other amounts receivable | 41 | €85,194 | €12,339 | -€72,855 | -85.5% |
| Cash at bank and in hand | 54/58 | €109,564 | €81,153 | -€28,411 | -25.9% |
| Deferred charges and accrued income | 490/1 | €5,025 | €2,414 | -€2,611 | -52.0% |
| Total equity and liabilities | 10/49 | €307,740 | €200,538 | -€107,203 | -34.8% |
| Equity | 10/15 | €241,274 | €67,832 | -€173,442 | -71.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €236,274 | €62,832 | -€173,442 | -73.4% |
| Distributable reserves | 133 | €236,274 | €62,832 | -€173,442 | -73.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €66,466 | €132,705 | +€66,239 | +99.7% |
| Amounts payable within one year | 42/48 | €63,729 | €130,834 | +€67,104 | +105% |
| Trade debts | 44 | €6,198 | €4,719 | -€1,480 | -23.9% |
| Suppliers | 440/4 | €6,198 | €4,719 | -€1,480 | -23.9% |
| Taxes, remuneration and social security | 45 | €23,293 | €22,392 | -€901 | -3.9% |
| Taxes | 450/3 | €23,293 | €22,392 | -€901 | -3.9% |
| Other amounts payable | 47/48 | €34,238 | €103,723 | +€69,485 | +203% |
| Accrued charges and deferred income | 492/3 | €2,737 | €1,872 | -€865 | -31.6% |
| Remuneration, social security and pensions | 62 | €1,575 | €0 | -€1,575 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,336 | €11,303 | -€33 | -0.3% |
| Other operating charges | 640/8 | €1,504 | €1,571 | +€66 | +4.4% |
| Gross operating margin | 9900 | €254,548 | €280,971 | +€26,422 | +10.4% |
| Operating profit (loss) | 9901 | €240,133 | €268,097 | +€27,964 | +11.6% |
| Financial income | 75/76B | €959 | €281 | -€677 | -70.6% |
| Recurring financial income | 75 | €959 | €281 | -€677 | -70.6% |
| Financial charges | 65/66B | €827 | €108 | -€719 | -87.0% |
| Recurring financial charges | 65 | €827 | €108 | -€719 | -87.0% |
| Profit (loss) for the period before taxes | 9903 | €240,265 | €268,271 | +€28,006 | +11.7% |
| Income taxes | 67/77 | €56,027 | €62,787 | +€6,760 | +12.1% |
| Profit (loss) for the period | 9904 | €184,238 | €205,483 | +€21,246 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | €184,238 | €205,483 | +€21,246 | +11.5% |
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 18 October 2026 via checked.be.