EPC: 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
EPC
NACE 20.412, Manufacture of chemicals and chemical products
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€2.2m
2024 · €2.0m+€163,138
Equity
€27.1m
2024 · €24.9m+€2.2m
Cash
€1.6m
2024 · €2.5m-€933,474
Balance sheet total
€46.0m
2024 · €43.2m+€2.8m
Largest movements
Assets
- Receivables within one year +€2.9m
up €2.9m (+13.0%), from €22.3m to €25.2m
of which Trade receivables: +€5.5m
- Stocks and contracts +€1.1m
up €1.1m (+18.3%), from €6.1m to €7.2m
- Cash -€933,474
down €933,474 (-37.4%), from €2.5m to €1.6m
mainly Receivables within one year (-€2.9m) and Investment in fixed assets (net) (-€2.4m)
Equity and liabilities
- Profit (loss) carried forward +€2.2m
up €2.2m (+18.8%), from €11.8m to €14.0m
- Other debts +€1.8m
up €1.8m (+53.7%), from €3.4m to €5.2m
- Trade debts -€1.8m
down €1.8m (-14.9%), from €12.0m to €10.2m
Income statement
- Turnover +€11.9m
up €11.9m (+17.5%), from €67.9m to €79.8m
- Goods and materials +€5.6m
up €5.6m (+10.6%), from €52.3m to €57.9m
of which Purchases: +€5.1m
- Financial charges +€3.0m
up €3.0m (+169.9%), from €1.8m to €4.7m
- Financial income -€2.9m
down €2.9m (-54.2%), from €5.4m to €2.5m
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
€2.0m
Turnover
+€11.9m
Other operating income
+€72,625
Goods and materials
-€5.6m
Services and other goods
-€487,271
Staff costs
-€371,552
Depreciation
-€349,424
Write-downs
-€24,226
Other operating charges
-€2,734
Other operating items
+€999,396
Financial income
-€2.9m
Financial charges
-€3.0m
Taxes
-€101,020
Result 2025
€2.2m
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
+€1.5m
Investment
-€2.4m
Financing
€0
Cash 2024
€2.5m
From operations (derived)
+€1.5m
Net result for the year
+€2.2m
Depreciation
+€2.4m
Stocks and contracts
-€1.1m
Receivables within one year
-€2.9m
Deferred charges and accrued income
+€296,821
Trade debts
-€1.8m
Tax, wage and social debts
+€180,277
Other debts
+€1.8m
Accrued charges and deferred income
+€393,745
Investment (derived)
-€2.4m
Investment in fixed assets (net)
-€2.4m
Cash 2025
€1.6m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €43,202,139 | €46,030,364 | +€2.8m | +6.5% |
| Fixed assets | 21/28 | €12,023,074 | €12,060,988 | +€37,915 | +0.3% |
| Tangible fixed assets | 22/27 | €11,992,883 | €12,030,798 | +€37,915 | +0.3% |
| Land and buildings | 22 | €2,180,803 | €2,097,912 | -€82,891 | -3.8% |
| Plant, machinery and equipment | 23 | €6,160,916 | €9,054,462 | +€2.9m | +47.0% |
| Furniture and vehicles | 24 | €60,495 | €28,753 | -€31,742 | -52.5% |
| Assets under construction and advance payments | 27 | €3,590,669 | €849,671 | -€2.7m | -76.3% |
| Financial fixed assets | 28 | €30,191 | €30,191 | = | 0.0% |
| Other financial fixed assets | 284/8 | €30,191 | €30,191 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €30,191 | €30,191 | = | 0.0% |
| Current assets | 29/58 | €31,179,066 | €33,969,376 | +€2.8m | +8.9% |
| Stocks and contracts in progress | 3 | €6,073,830 | €7,183,815 | +€1.1m | +18.3% |
| Stocks | 30/36 | €6,073,830 | €7,183,815 | +€1.1m | +18.3% |
| Raw materials and consumables | 30/31 | €4,011,163 | €3,932,781 | -€78,382 | -2.0% |
| Work in progress | 32 | €527,545 | €756,317 | +€228,771 | +43.4% |
| Finished goods | 33 | €1,535,121 | €2,494,717 | +€959,596 | +62.5% |
| Amounts receivable within one year | 40/41 | €22,311,743 | €25,222,364 | +€2.9m | +13.0% |
| Trade receivables | 40 | €2,126,490 | €7,660,063 | +€5.5m | +260.2% |
| Other amounts receivable | 41 | €20,185,254 | €17,562,301 | -€2.6m | -13.0% |
| Cash at bank and in hand | 54/58 | €2,496,671 | €1,563,197 | -€933,474 | -37.4% |
| Deferred charges and accrued income | 490/1 | €296,821 | €0 | -€296,821 | -100.0% |
| Total equity and liabilities | 10/49 | €43,202,139 | €46,030,364 | +€2.8m | +6.5% |
| Equity | 10/15 | €24,915,921 | €27,126,523 | +€2.2m | +8.9% |
| Contributions | 10/11 | €12,548,849 | €12,548,849 | = | 0.0% |
| Capital | 10 | €6,061,500 | €6,061,500 | = | 0.0% |
| Issued capital | 100 | €6,061,500 | €6,061,500 | = | 0.0% |
| Outside capital | 11 | €6,487,349 | €6,487,349 | = | 0.0% |
| Share premium | 1100/10 | €6,487,349 | €6,487,349 | = | 0.0% |
| Reserves | 13 | €606,150 | €606,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €606,150 | €606,150 | = | 0.0% |
| Legal reserve | 130 | €606,150 | €606,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,760,922 | €13,971,524 | +€2.2m | +18.8% |
| Amounts payable | 17/49 | €18,286,218 | €18,903,841 | +€617,623 | +3.4% |
| Amounts payable within one year | 42/48 | €17,773,668 | €17,997,546 | +€223,878 | +1.3% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €12,033,536 | €10,243,979 | -€1.8m | -14.9% |
| Suppliers | 440/4 | €12,033,536 | €10,243,979 | -€1.8m | -14.9% |
| Taxes, remuneration and social security | 45 | €2,327,470 | €2,507,747 | +€180,277 | +7.7% |
| Taxes | 450/3 | €122,992 | €139,040 | +€16,048 | +13.0% |
| Remuneration and social security | 454/9 | €2,204,478 | €2,368,707 | +€164,229 | +7.4% |
| Other amounts payable | 47/48 | €3,412,663 | €5,245,821 | +€1.8m | +53.7% |
| Accrued charges and deferred income | 492/3 | €512,550 | €906,295 | +€393,745 | +76.8% |
| Operating income | 70/76A | €68,471,899 | €81,415,659 | +€12.9m | +18.9% |
| Turnover | 70 | €67,876,439 | €79,788,445 | +€11.9m | +17.5% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €229,238 | €1,188,367 | +€959,129 | +418.4% |
| Other operating income | 74 | €366,222 | €438,847 | +€72,625 | +19.8% |
| Operating charges | 60/66A | €69,377,813 | €76,133,847 | +€6.8m | +9.7% |
| Goods for resale, raw materials and consumables | 60 | €52,308,539 | €57,869,634 | +€5.6m | +10.6% |
| Purchases | 600/8 | €52,654,603 | €57,788,155 | +€5.1m | +9.7% |
| Change in stocks: decrease (increase) | 609 | -€346,064 | €81,479 | +€427,542 | |
| Services and other goods | 61 | €4,772,653 | €5,259,923 | +€487,271 | +10.2% |
| Remuneration, social security and pensions | 62 | €10,133,138 | €10,504,690 | +€371,552 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,019,968 | €2,369,393 | +€349,424 | +17.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€27,323 | -€3,097 | +€24,226 | +88.7% |
| Other operating charges | 640/8 | €8,199 | €10,932 | +€2,734 | +33.3% |
| Non-recurring operating charges | 66A | €162,639 | €122,372 | -€40,267 | -24.8% |
| Operating profit (loss) | 9901 | -€905,914 | €5,281,812 | +€6.2m | |
| Financial income | 75/76B | €5,438,562 | €2,493,114 | -€2.9m | -54.2% |
| Recurring financial income | 75 | €5,438,562 | €2,493,114 | -€2.9m | -54.2% |
| Income from current assets | 751 | €1,119,455 | €708,144 | -€411,311 | -36.7% |
| Other financial income | 752/9 | €4,319,106 | €1,784,970 | -€2.5m | -58.7% |
| Financial charges | 65/66B | €1,753,297 | €4,731,418 | +€3.0m | +169.9% |
| Recurring financial charges | 65 | €1,753,297 | €4,731,418 | +€3.0m | +169.9% |
| Other financial charges | 652/9 | €1,753,297 | €4,731,418 | +€3.0m | +169.9% |
| Profit (loss) for the period before taxes | 9903 | €2,779,350 | €3,043,508 | +€264,158 | +9.5% |
| Income taxes | 67/77 | €731,886 | €832,906 | +€101,020 | +13.8% |
| Taxes | 670/3 | €739,151 | €832,906 | +€93,754 | +12.7% |
| Tax adjustments and reversals of tax provisions | 77 | €7,265 | €0 | -€7,265 | -100.0% |
| Profit (loss) for the period | 9904 | €2,047,464 | €2,210,602 | +€163,138 | +8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,047,464 | €2,210,602 | +€163,138 | +8.0% |
Source: filed annual accounts (NBB), fiscal years ended 28 June 2024 and 27 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.