EPC BELGIQUE: what changed
What changed
EPC BELGIQUE
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€626,264
2024 · €564,226+€62,038
Equity
€1.4m
2024 · €1.2m+€176,264
Cash
€294,909
2024 · €442,612-€147,703
Balance sheet total
€7.0m
2024 · €8.0m-€1.0m
Largest movements
Assets
- Receivables within one year -€533,225
down €533,225 (-15.0%), from €3.5m to €3.0m
of which Trade receivables: -€670,536
- Tangible fixed assets -€323,532
down €323,532 (-13.3%), from €2.4m to €2.1m
of which Leasing and similar rights: -€327,370
- Cash -€147,703
down €147,703 (-33.4%), from €442,612 to €294,909
mainly Trade debts (-€688,838) and Contributions, distributions and other (-€450,000)
Equity and liabilities
- Trade debts -€688,838
down €688,838 (-31.1%), from €2.2m to €1.5m
- Debts after one year -€311,278
down €311,278 (-21.1%), from €1.5m to €1.2m
- Profit (loss) carried forward +€176,264
up €176,264 (+15.4%), from €1.1m to €1.3m
- Current portion of long-term debt -€83,903
down €83,903 (-10.8%), from €775,407 to €691,504
Income statement
- Turnover -€374,832
down €374,832 (-2.9%), from €12.9m to €12.5m
- Goods and materials -€249,418
down €249,418 (-4.5%), from €5.5m to €5.3m
of which Purchases: -€304,940
- Staff costs +€185,389
up €185,389 (+6.5%), from €2.8m to €3.0m
- Depreciation -€162,139
down €162,139 (-17.2%), from €941,101 to €778,962
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.
Result 2024
€564,226
Turnover
-€374,832
Other operating income
-€55,569
Goods and materials
+€249,418
Services and other goods
-€28,195
Staff costs
-€185,389
Depreciation
+€162,139
Write-downs
+€1,539
Other operating charges
+€92,845
Other operating items
+€163,129
Financial income
+€1,978
Financial charges
+€17,455
Taxes
+€17,520
Result 2025
€626,264
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.1m
Investment
-€442,000
Financing
-€845,181
Cash 2024
€442,612
From operations (derived)
+€1.1m
Net result for the year
+€626,264
Depreciation
+€778,962
Stocks and contracts
-€2,561
Receivables within one year
+€533,225
Deferred charges and accrued income
+€1,144
Provisions
-€15,000
Trade debts
-€688,838
Tax, wage and social debts
-€17,195
Other debts
-€71,507
Accrued charges and deferred income
-€5,016
Investment (derived)
-€442,000
Investment in fixed assets (net)
-€442,000
Financing
-€845,181
Debts after one year
-€311,278
Current portion of long-term debt
-€83,903
Contributions, distributions and other
-€450,000
Cash 2025
€294,909
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,997,888 | €6,981,415 | -€1.0m | -12.7% |
| Fixed assets | 21/28 | €2,953,603 | €2,616,641 | -€336,962 | -11.4% |
| Intangible fixed assets | 21 | €13,461 | - | -€13,461 | |
| Tangible fixed assets | 22/27 | €2,435,109 | €2,111,577 | -€323,532 | -13.3% |
| Land and buildings | 22 | €180,233 | €345,628 | +€165,395 | +91.8% |
| Plant, machinery and equipment | 23 | €72,328 | €52,545 | -€19,783 | -27.4% |
| Furniture and vehicles | 24 | €41,369 | €55,672 | +€14,302 | +34.6% |
| Leasing and similar rights | 25 | €1,985,102 | €1,657,732 | -€327,370 | -16.5% |
| Assets under construction and advance payments | 27 | €156,076 | - | -€156,076 | |
| Financial fixed assets | 28 | €505,033 | €505,065 | +€31 | 0.0% |
| Affiliated companies | 280/1 | €499,000 | €499,000 | = | 0.0% |
| Participating interests | 280 | €499,000 | €499,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €6,033 | €6,065 | +€31 | +0.5% |
| Amounts receivable and cash guarantees | 285/8 | €6,033 | €6,065 | +€31 | +0.5% |
| Current assets | 29/58 | €5,044,285 | €4,364,774 | -€679,512 | -13.5% |
| Stocks and contracts in progress | 3 | €965,054 | €967,614 | +€2,561 | +0.3% |
| Stocks | 30/36 | €965,054 | €967,614 | +€2,561 | +0.3% |
| Raw materials and consumables | 30/31 | €243,631 | €235,782 | -€7,849 | -3.2% |
| Finished goods | 33 | €21,983 | €26,862 | +€4,878 | +22.2% |
| Goods purchased for resale | 34 | €699,440 | €704,971 | +€5,531 | +0.8% |
| Amounts receivable within one year | 40/41 | €3,545,460 | €3,012,235 | -€533,225 | -15.0% |
| Trade receivables | 40 | €3,223,467 | €2,552,931 | -€670,536 | -20.8% |
| Other amounts receivable | 41 | €321,992 | €459,303 | +€137,311 | +42.6% |
| Cash at bank and in hand | 54/58 | €442,612 | €294,909 | -€147,703 | -33.4% |
| Deferred charges and accrued income | 490/1 | €91,160 | €90,015 | -€1,144 | -1.3% |
| Total equity and liabilities | 10/49 | €7,997,888 | €6,981,415 | -€1.0m | -12.7% |
| Equity | 10/15 | €1,215,039 | €1,391,303 | +€176,264 | +14.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,146,839 | €1,323,103 | +€176,264 | +15.4% |
| Provisions and deferred taxes | 16 | €183,000 | €168,000 | -€15,000 | -8.2% |
| Provisions for liabilities and charges | 160/5 | €183,000 | €168,000 | -€15,000 | -8.2% |
| Environmental obligations | 163 | €183,000 | €168,000 | -€15,000 | -8.2% |
| Amounts payable | 17/49 | €6,599,850 | €5,422,112 | -€1.2m | -17.8% |
| Amounts payable after more than one year | 17 | €1,476,339 | €1,165,062 | -€311,278 | -21.1% |
| Financial debts | 170/4 | €1,476,339 | €1,165,062 | -€311,278 | -21.1% |
| Leasing and similar obligations | 172 | €1,476,339 | €1,165,062 | -€311,278 | -21.1% |
| Amounts payable within one year | 42/48 | €5,118,495 | €4,257,051 | -€861,444 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €775,407 | €691,504 | -€83,903 | -10.8% |
| Trade debts | 44 | €2,214,417 | €1,525,578 | -€688,838 | -31.1% |
| Suppliers | 440/4 | €2,214,417 | €1,525,578 | -€688,838 | -31.1% |
| Taxes, remuneration and social security | 45 | €627,971 | €610,776 | -€17,195 | -2.7% |
| Taxes | 450/3 | €123,648 | €165,524 | +€41,876 | +33.9% |
| Remuneration and social security | 454/9 | €504,324 | €445,252 | -€59,072 | -11.7% |
| Other amounts payable | 47/48 | €1,500,699 | €1,429,192 | -€71,507 | -4.8% |
| Accrued charges and deferred income | 492/3 | €5,016 | - | -€5,016 | |
| Operating income | 70/76A | €13,906,078 | €13,465,850 | -€440,228 | -3.2% |
| Turnover | 70 | €12,899,699 | €12,524,867 | -€374,832 | -2.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €14,706 | €4,878 | -€9,827 | -66.8% |
| Other operating income | 74 | €991,674 | €936,105 | -€55,569 | -5.6% |
| Operating charges | 60/66A | €12,945,815 | €12,480,502 | -€465,313 | -3.6% |
| Goods for resale, raw materials and consumables | 60 | €5,528,312 | €5,278,895 | -€249,418 | -4.5% |
| Purchases | 600/8 | €5,581,517 | €5,276,577 | -€304,940 | -5.5% |
| Change in stocks: decrease (increase) | 609 | -€53,205 | €2,318 | +€55,522 | |
| Services and other goods | 61 | €3,269,811 | €3,298,006 | +€28,195 | +0.9% |
| Remuneration, social security and pensions | 62 | €2,832,407 | €3,017,796 | +€185,389 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €941,101 | €778,962 | -€162,139 | -17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €12,925 | €11,387 | -€1,539 | -11.9% |
| Other operating charges | 640/8 | €178,258 | €85,413 | -€92,845 | -52.1% |
| Non-recurring operating charges | 66A | €183,000 | €10,044 | -€172,956 | -94.5% |
| Operating profit (loss) | 9901 | €960,263 | €985,348 | +€25,085 | +2.6% |
| Financial income | 75/76B | €2,108 | €4,087 | +€1,978 | +93.8% |
| Recurring financial income | 75 | €2,108 | €4,087 | +€1,978 | +93.8% |
| Income from current assets | 751 | €1,556 | €3,983 | +€2,428 | +156% |
| Other financial income | 752/9 | €553 | €104 | -€449 | -81.3% |
| Financial charges | 65/66B | €124,800 | €107,345 | -€17,455 | -14.0% |
| Recurring financial charges | 65 | €124,800 | €107,345 | -€17,455 | -14.0% |
| Debt charges | 650 | €112,220 | €24,457 | -€87,763 | -78.2% |
| Other financial charges | 652/9 | €12,580 | €82,888 | +€70,308 | +559% |
| Profit (loss) for the period before taxes | 9903 | €837,571 | €882,089 | +€44,517 | +5.3% |
| Income taxes | 67/77 | €273,345 | €255,825 | -€17,520 | -6.4% |
| Taxes | 670/3 | €277,147 | €255,825 | -€21,322 | -7.7% |
| Tax adjustments and reversals of tax provisions | 77 | €3,802 | - | -€3,802 | |
| Profit (loss) for the period | 9904 | €564,226 | €626,264 | +€62,038 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €564,226 | €626,264 | +€62,038 | +11.0% |
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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 4 November 2026 via checked.be.