EPC Consult: 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.
EPC Consult
Largest movements
- Financial fixed assets +€180,000
up €180,000 (+125%), from €144,202 to €324,202
- Cash -€34,736
down €34,736 (-75.9%), from €45,753 to €11,017
mainly Investment in fixed assets (net) (-€180,604) and Receivables within one year (-€12,048)
- Receivables within one year +€12,048
up €12,048 (+74.9%), from €16,094 to €28,142
of which Trade receivables: +€8,603
- Receivables after one year -€6,278
down €6,278 (-37.9%), from €16,571 to €10,293
- Debts after one year +€87,011
new in 2025: €87,011
- Other debts +€41,469
up €41,469 (+239%), from €17,386 to €58,855
- Current portion of long-term debt +€12,989
new in 2025: €12,989
- Reserves +€10,500
up €10,500 (+7.7%), from €136,060 to €146,560
of which Distributable reserves: +€10,500
- Tax, wage and social debts -€5,092
down €5,092 (-38.5%), from €13,216 to €8,124
- Gross operating margin -€23,277
down €23,277 (-48.5%), from €47,996 to €24,720
- Taxes -€6,349
down €6,349 (-48.2%), from €13,178 to €6,828
- Financial charges +€2,891
up €2,891 (+609%), from €475 to €3,366
- Other operating charges -€964
down €964 (-21.9%), from €4,397 to €3,433
- Financial income +€639
up €639 (+233%), from €274 to €913
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 | €228,752 | €377,724 | +€148,973 | +65.1% |
| Fixed assets | 21/28 | €146,644 | €326,074 | +€179,430 | +122% |
| Tangible fixed assets | 22/27 | €2,442 | €1,872 | -€570 | -23.4% |
| Furniture and vehicles | 24 | €2,442 | €1,872 | -€570 | -23.4% |
| Financial fixed assets | 28 | €144,202 | €324,202 | +€180,000 | +125% |
| Current assets | 29/58 | €82,107 | €51,651 | -€30,457 | -37.1% |
| Amounts receivable after more than one year | 29 | €16,571 | €10,293 | -€6,278 | -37.9% |
| Other amounts receivable | 291 | €16,571 | €10,293 | -€6,278 | -37.9% |
| Amounts receivable within one year | 40/41 | €16,094 | €28,142 | +€12,048 | +74.9% |
| Trade receivables | 40 | €15,988 | €24,591 | +€8,603 | +53.8% |
| Other amounts receivable | 41 | €107 | €3,551 | +€3,444 | +3,228% |
| Cash at bank and in hand | 54/58 | €45,753 | €11,017 | -€34,736 | -75.9% |
| Deferred charges and accrued income | 490/1 | €3,689 | €2,198 | -€1,491 | -40.4% |
| Total equity and liabilities | 10/49 | €228,752 | €377,724 | +€148,973 | +65.1% |
| Equity | 10/15 | €194,387 | €205,219 | +€10,831 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €136,060 | €146,560 | +€10,500 | +7.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €134,200 | €144,700 | +€10,500 | +7.8% |
| Profit (loss) carried forward | 14 | €52,127 | €52,459 | +€331 | +0.6% |
| Amounts payable | 17/49 | €34,365 | €172,506 | +€138,141 | +402% |
| Amounts payable after more than one year | 17 | - | €87,011 | +€87,011 | |
| Financial debts | 170/4 | - | €87,011 | +€87,011 | |
| Amounts payable within one year | 42/48 | €34,365 | €84,934 | +€50,570 | +147% |
| Current portion of amounts payable after more than one year | 42 | - | €12,989 | +€12,989 | |
| Trade debts | 44 | €3,763 | €4,967 | +€1,204 | +32.0% |
| Suppliers | 440/4 | €3,763 | €4,967 | +€1,204 | +32.0% |
| Taxes, remuneration and social security | 45 | €13,216 | €8,124 | -€5,092 | -38.5% |
| Taxes | 450/3 | €13,216 | €8,124 | -€5,092 | -38.5% |
| Other amounts payable | 47/48 | €17,386 | €58,855 | +€41,469 | +239% |
| Accrued charges and deferred income | 492/3 | - | €560 | +€560 | |
| Non-recurring operating income | 76A | - | €150 | +€150 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,313 | €1,174 | -€139 | -10.6% |
| Other operating charges | 640/8 | €4,397 | €3,433 | -€964 | -21.9% |
| Non-recurring operating charges | 66A | €210 | - | -€210 | |
| Gross operating margin | 9900 | €47,996 | €24,720 | -€23,277 | -48.5% |
| Operating profit (loss) | 9901 | €42,076 | €20,112 | -€21,964 | -52.2% |
| Financial income | 75/76B | €274 | €913 | +€639 | +233% |
| Recurring financial income | 75 | €274 | €913 | +€639 | +233% |
| Financial charges | 65/66B | €475 | €3,366 | +€2,891 | +609% |
| Recurring financial charges | 65 | €475 | €3,366 | +€2,891 | +609% |
| Profit (loss) for the period before taxes | 9903 | €41,876 | €17,660 | -€24,216 | -57.8% |
| Income taxes | 67/77 | €13,178 | €6,828 | -€6,349 | -48.2% |
| Profit (loss) for the period | 9904 | €28,698 | €10,831 | -€17,867 | -62.3% |
| Transfer from tax-exempt reserves | 789 | €15,000 | - | -€15,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €43,698 | €10,831 | -€32,867 | -75.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.