EPC IMMO: 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 IMMO
Largest movements
- Deferred charges and accrued income +€26,615
up €26,615 (+1,803%), from €1,476 to €28,091
- Tangible fixed assets +€14,310
up €14,310 (+548%), from €2,612 to €16,923
of which Furniture and vehicles: +€12,135
- Receivables within one year +€8,623
up €8,623 (+69.6%), from €12,388 to €21,012
of which Other amounts receivable: +€8,076
- Debts after one year +€24,156
new in 2025: €24,156
- Profit (loss) carried forward +€18,103
up €18,103, from -€2,367 to €15,735
- Tax, wage and social debts +€5,992
up €5,992 (+79.9%), from €7,500 to €13,492
of which Remuneration and social security: +€6,067
- Trade debts +€1,475
up €1,475 (+21.8%), from €6,753 to €8,228
- Gross operating margin +€35,233
up €35,233 (+233%), from €15,111 to €50,344
- Staff costs +€25,432
up €25,432, from €0 to €25,432
- Taxes +€5,381
up €5,381, from -€2,381 to €3,000
- Depreciation +€1,609
up €1,609 (+132%), from €1,223 to €2,832
- Other operating charges -€1,227
down €1,227 (-65.1%), from €1,883 to €656
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 | €33,998 | €83,121 | +€49,124 | +144% |
| Fixed assets | 21/28 | €2,612 | €16,923 | +€14,310 | +548% |
| Tangible fixed assets | 22/27 | €2,612 | €16,923 | +€14,310 | +548% |
| Plant, machinery and equipment | 23 | - | €2,175 | +€2,175 | |
| Furniture and vehicles | 24 | €2,612 | €14,748 | +€12,135 | +465% |
| Current assets | 29/58 | €31,385 | €66,199 | +€34,814 | +111% |
| Amounts receivable within one year | 40/41 | €12,388 | €21,012 | +€8,623 | +69.6% |
| Trade receivables | 40 | €10,522 | €11,069 | +€547 | +5.2% |
| Other amounts receivable | 41 | €1,866 | €9,942 | +€8,076 | +433% |
| Cash at bank and in hand | 54/58 | €17,521 | €17,097 | -€425 | -2.4% |
| Deferred charges and accrued income | 490/1 | €1,476 | €28,091 | +€26,615 | +1,803% |
| Total equity and liabilities | 10/49 | €33,998 | €83,121 | +€49,124 | +144% |
| Equity | 10/15 | €16,233 | €34,335 | +€18,103 | +112% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,367 | €15,735 | +€18,103 | |
| Amounts payable | 17/49 | €17,765 | €48,786 | +€31,021 | +175% |
| Amounts payable after more than one year | 17 | - | €24,156 | +€24,156 | |
| Financial debts | 170/4 | - | €24,156 | +€24,156 | |
| Amounts payable within one year | 42/48 | €17,765 | €24,631 | +€6,866 | +38.6% |
| Trade debts | 44 | €6,753 | €8,228 | +€1,475 | +21.8% |
| Suppliers | 440/4 | €6,753 | €8,228 | +€1,475 | +21.8% |
| Advances received on contracts in progress | 46 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €7,500 | €13,492 | +€5,992 | +79.9% |
| Taxes | 450/3 | €2,184 | €2,109 | -€75 | -3.4% |
| Remuneration and social security | 454/9 | €5,316 | €11,383 | +€6,067 | +114% |
| Other amounts payable | 47/48 | €3,512 | €2,910 | -€602 | -17.1% |
| Turnover | 70 | - | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €0 | €25,432 | +€25,432 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,223 | €2,832 | +€1,609 | +132% |
| Other operating charges | 640/8 | €1,883 | €656 | -€1,227 | -65.1% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €15,111 | €50,344 | +€35,233 | +233% |
| Operating profit (loss) | 9901 | €12,005 | €21,425 | +€9,420 | +78.5% |
| Financial income | 75/76B | €0 | €3 | +€3 | +30,900% |
| Recurring financial income | 75 | €0 | €3 | +€3 | +30,900% |
| Financial charges | 65/66B | €0 | €325 | +€325 | +3,250,000% |
| Recurring financial charges | 65 | €0 | €325 | +€325 | +3,250,000% |
| Profit (loss) for the period before taxes | 9903 | €12,005 | €21,103 | +€9,098 | +75.8% |
| Income taxes | 67/77 | -€2,381 | €3,000 | +€5,381 | |
| Profit (loss) for the period | 9904 | €14,386 | €18,103 | +€3,717 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,386 | €18,103 | +€3,717 | +25.8% |
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 16 October 2026 via checked.be.