EPBF: 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.
What changed
EPBF
NACE 64.999, Other financial services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€44,347
2024 · €202,518-€246,865
Equity
€12.3m
2024 · €12.3m-€44,347
Cash
€1.9m
2024 · €1.3m+€610,904
Balance sheet total
€13.7m
2024 · €13.3m+€450,831
Largest movements
Assets
- Cash +€610,904
up €610,904 (+46.1%), from €1.3m to €1.9m
mainly Other debts (+€492,221) and Deferred charges and accrued income (+€87,733)
Equity and liabilities
- Other debts +€492,221
up €492,221 (+65.6%), from €750,174 to €1.2m
Income statement
- Turnover -€262,851
down €262,851 (-27.0%), from €972,362 to €709,511
- Financial income -€162,813
down €162,813 (-39.5%), from €412,299 to €249,486
- Goods and materials -€98,729
down €98,729 (-26.1%), from €378,699 to €279,970
- Taxes -€70,971
no longer reported in 2025 (was €70,971)
- Services and other goods -€25,222
down €25,222 (-4.5%), from €554,738 to €529,516
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.
Result 2024
€202,518
Turnover
-€262,851
Goods and materials
+€98,729
Services and other goods
+€25,222
Staff costs
-€13,575
Write-downs
-€128
Other operating charges
-€1,998
Financial income
-€162,813
Financial charges
-€422
Taxes
+€70,971
Result 2025
-€44,347
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.
From operations
+€613,016
Investment
-€2,113
Financing
€0
Cash 2024
€1.3m
From operations (derived)
+€613,016
Net result for the year
-€44,347
Depreciation
+€37,076
Receivables within one year
+€37,377
Deferred charges and accrued income
+€87,733
Trade debts
+€5,453
Tax, wage and social debts
-€2,496
Other debts
+€492,221
Investment (derived)
-€2,113
Current investments
-€2,113
Cash 2025
€1.9m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €13,265,406 | €13,716,237 | +€450,831 | +3.4% |
| Fixed assets | 21/28 | €69,852 | €32,776 | -€37,076 | -53.1% |
| Intangible fixed assets | 21 | €69,207 | €32,478 | -€36,729 | -53.1% |
| Tangible fixed assets | 22/27 | €595 | €248 | -€347 | -58.3% |
| Plant, machinery and equipment | 23 | €595 | €248 | -€347 | -58.3% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Other financial fixed assets | 284/8 | €50 | €50 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €13,195,554 | €13,683,460 | +€487,907 | +3.7% |
| Amounts receivable within one year | 40/41 | €205,176 | €167,799 | -€37,377 | -18.2% |
| Trade receivables | 40 | €190,545 | €154,651 | -€35,894 | -18.8% |
| Other amounts receivable | 41 | €14,631 | €13,149 | -€1,483 | -10.1% |
| Current investments | 50/53 | €11,502,607 | €11,504,720 | +€2,113 | 0.0% |
| Other investments | 51/53 | €11,502,607 | €11,504,720 | +€2,113 | 0.0% |
| Cash at bank and in hand | 54/58 | €1,325,905 | €1,936,809 | +€610,904 | +46.1% |
| Deferred charges and accrued income | 490/1 | €161,865 | €74,132 | -€87,733 | -54.2% |
| Total equity and liabilities | 10/49 | €13,265,406 | €13,716,237 | +€450,831 | +3.4% |
| Equity | 10/15 | €12,339,016 | €12,294,669 | -€44,347 | -0.4% |
| Contributions | 10/11 | €7,000,000 | €7,000,000 | = | 0.0% |
| Capital | 10 | €7,000,000 | €7,000,000 | = | 0.0% |
| Issued capital | 100 | €7,000,000 | €7,000,000 | = | 0.0% |
| Reserves | 13 | €337,057 | €337,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €337,057 | €337,057 | = | 0.0% |
| Legal reserve | 130 | €337,057 | €337,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,001,960 | €4,957,612 | -€44,347 | -0.9% |
| Amounts payable | 17/49 | €926,390 | €1,421,568 | +€495,178 | +53.5% |
| Amounts payable within one year | 42/48 | €926,390 | €1,421,568 | +€495,178 | +53.5% |
| Trade debts | 44 | €127,064 | €132,517 | +€5,453 | +4.3% |
| Suppliers | 440/4 | €127,064 | €132,517 | +€5,453 | +4.3% |
| Taxes, remuneration and social security | 45 | €49,152 | €46,657 | -€2,496 | -5.1% |
| Taxes | 450/3 | €29,958 | €29,689 | -€269 | -0.9% |
| Remuneration and social security | 454/9 | €19,194 | €16,968 | -€2,226 | -11.6% |
| Other amounts payable | 47/48 | €750,174 | €1,242,394 | +€492,221 | +65.6% |
| Operating income | 70/76A | €972,362 | €709,511 | -€262,851 | -27.0% |
| Turnover | 70 | €972,362 | €709,511 | -€262,851 | -27.0% |
| Operating charges | 60/66A | €1,108,871 | €1,000,621 | -€108,250 | -9.8% |
| Goods for resale, raw materials and consumables | 60 | €378,699 | €279,970 | -€98,729 | -26.1% |
| Purchases | 600/8 | €378,699 | €279,970 | -€98,729 | -26.1% |
| Services and other goods | 61 | €554,738 | €529,516 | -€25,222 | -4.5% |
| Remuneration, social security and pensions | 62 | €138,457 | €152,032 | +€13,575 | +9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,076 | €37,076 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€98 | €30 | +€128 | |
| Other operating charges | 640/8 | - | €1,998 | +€1,998 | |
| Operating profit (loss) | 9901 | -€136,509 | -€291,110 | -€154,601 | -113.3% |
| Financial income | 75/76B | €412,299 | €249,486 | -€162,813 | -39.5% |
| Recurring financial income | 75 | €412,299 | €249,486 | -€162,813 | -39.5% |
| Income from current assets | 751 | €412,299 | €249,486 | -€162,813 | -39.5% |
| Financial charges | 65/66B | €2,301 | €2,723 | +€422 | +18.4% |
| Recurring financial charges | 65 | €2,301 | €2,723 | +€422 | +18.4% |
| Debt charges | 650 | €824 | €824 | = | 0.0% |
| Other financial charges | 652/9 | €1,477 | €1,900 | +€422 | +28.6% |
| Profit (loss) for the period before taxes | 9903 | €273,489 | -€44,347 | -€317,836 | |
| Income taxes | 67/77 | €70,971 | - | -€70,971 | |
| Taxes | 670/3 | €70,971 | - | -€70,971 | |
| Profit (loss) for the period | 9904 | €202,518 | -€44,347 | -€246,865 | |
| Profit (loss) for the period to be appropriated | 9905 | €202,518 | -€44,347 | -€246,865 |
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 1 October 2026 via checked.be.