EPC Fransen: 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 Fransen
Largest movements
- Stocks and contracts +€3,250
new in 2025: €3,250
- Receivables within one year +€783
up €783 (+272%), from €288 to €1,070
of which Trade receivables: +€1,000
- Cash -€769
down €769 (-12.1%), from €6,374 to €5,605
mainly Trade debts (-€3,833) and Stocks and contracts (-€3,250)
- Tangible fixed assets -€426
down €426 (-48.1%), from €886 to €460
- Tax, wage and social debts +€4,956
up €4,956 (+2,041%), from €243 to €5,199
of which Remuneration and social security: +€4,000
- Trade debts -€3,833
down €3,833 (-88.6%), from €4,327 to €494
- Other debts +€2,727
up €2,727 (+1,852%), from €147 to €2,874
- Profit (loss) carried forward -€1,013
down €1,013, from €569 to -€444
- Gross operating margin -€3,427
down €3,427, from €3,226 to -€201
- Staff costs -€1,610
no longer reported in 2025 (was €1,610)
- Taxes -€183
down €183 (-75.3%), from €243 to €60
- Financial charges -€146
down €146 (-41.8%), from €349 to €203
- Other operating charges +€62
up €62 (+100%), from €62 to €124
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 | €7,786 | €10,623 | +€2,838 | +36.4% |
| Fixed assets | 21/28 | €886 | €460 | -€426 | -48.1% |
| Tangible fixed assets | 22/27 | €886 | €460 | -€426 | -48.1% |
| Plant, machinery and equipment | 23 | €886 | €460 | -€426 | -48.1% |
| Current assets | 29/58 | €6,899 | €10,163 | +€3,264 | +47.3% |
| Stocks and contracts in progress | 3 | - | €3,250 | +€3,250 | |
| Stocks | 30/36 | - | €3,250 | +€3,250 | |
| Amounts receivable within one year | 40/41 | €288 | €1,070 | +€783 | +272% |
| Trade receivables | 40 | €70 | €1,070 | +€1,000 | +1,429% |
| Other amounts receivable | 41 | €218 | - | -€218 | |
| Cash at bank and in hand | 54/58 | €6,374 | €5,605 | -€769 | -12.1% |
| Deferred charges and accrued income | 490/1 | €238 | €238 | = | 0.0% |
| Total equity and liabilities | 10/49 | €7,786 | €10,623 | +€2,838 | +36.4% |
| Equity | 10/15 | €3,069 | €2,056 | -€1,013 | -33.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €569 | -€444 | -€1,013 | |
| Amounts payable | 17/49 | €4,717 | €8,567 | +€3,851 | +81.6% |
| Amounts payable within one year | 42/48 | €4,717 | €8,567 | +€3,851 | +81.6% |
| Trade debts | 44 | €4,327 | €494 | -€3,833 | -88.6% |
| Suppliers | 440/4 | €4,327 | €494 | -€3,833 | -88.6% |
| Taxes, remuneration and social security | 45 | €243 | €5,199 | +€4,956 | +2,041% |
| Taxes | 450/3 | €243 | €1,199 | +€956 | +394% |
| Remuneration and social security | 454/9 | - | €4,000 | +€4,000 | |
| Other amounts payable | 47/48 | €147 | €2,874 | +€2,727 | +1,852% |
| Remuneration, social security and pensions | 62 | €1,610 | - | -€1,610 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €426 | +€34 | +8.6% |
| Other operating charges | 640/8 | €62 | €124 | +€62 | +100% |
| Gross operating margin | 9900 | €3,226 | -€201 | -€3,427 | |
| Operating profit (loss) | 9901 | €1,161 | -€751 | -€1,912 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €349 | €203 | -€146 | -41.8% |
| Recurring financial charges | 65 | €349 | €203 | -€146 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €812 | -€953 | -€1,765 | |
| Income taxes | 67/77 | €243 | €60 | -€183 | -75.3% |
| Profit (loss) for the period | 9904 | €569 | -€1,013 | -€1,582 | |
| Profit (loss) for the period to be appropriated | 9905 | €569 | -€1,013 | -€1,582 |
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 19 October 2026 via checked.be.