EPC Jan Schepens: 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 Jan Schepens
Largest movements
- Tangible fixed assets -€7,918
down €7,918 (-2.5%), from €321,359 to €313,442
of which Land and buildings: -€5,100
- Cash -€7,281
no longer reported in 2025 (was €7,281)
mainly Contributions, distributions and other (-€38,900) and Short-term financial debts (-€13,061)
- Receivables within one year -€5,976
down €5,976 (-37.8%), from €15,808 to €9,832
of which Trade receivables: -€6,759
- Short-term financial debts -€13,061
down €13,061 (-65.3%), from €20,000 to €6,939
- Trade debts -€9,451
down €9,451 (-60.4%), from €15,654 to €6,204
- Reserves -€7,350
down €7,350 (-45.4%), from €16,176 to €8,826
- Current portion of long-term debt +€7,133
up €7,133 (+51.7%), from €13,793 to €20,926
- Tax, wage and social debts +€3,491
up €3,491 (+18.5%), from €18,854 to €22,345
- Gross operating margin -€49,792
down €49,792 (-45.2%), from €110,086 to €60,294
- Depreciation -€35,607
down €35,607 (-79.9%), from €44,543 to €8,936
- Financial charges +€4,591
up €4,591 (+42.9%), from €10,710 to €15,301
- Taxes -€3,838
down €3,838 (-66.7%), from €5,754 to €1,916
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €348,431 | €326,172 | -€22,259 | -6.4% |
| Fixed assets | 21/28 | €323,875 | €314,939 | -€8,936 | -2.8% |
| Intangible fixed assets | 21 | €2,516 | €1,497 | -€1,018 | -40.5% |
| Tangible fixed assets | 22/27 | €321,359 | €313,442 | -€7,918 | -2.5% |
| Land and buildings | 22 | €313,400 | €308,300 | -€5,100 | -1.6% |
| Plant, machinery and equipment | 23 | €6,154 | €4,065 | -€2,090 | -34.0% |
| Furniture and vehicles | 24 | €1,805 | €1,077 | -€728 | -40.3% |
| Current assets | 29/58 | €24,556 | €11,233 | -€13,323 | -54.3% |
| Amounts receivable within one year | 40/41 | €15,808 | €9,832 | -€5,976 | -37.8% |
| Trade receivables | 40 | €14,917 | €8,158 | -€6,759 | -45.3% |
| Other amounts receivable | 41 | €891 | €1,674 | +€783 | +87.9% |
| Cash at bank and in hand | 54/58 | €7,281 | - | -€7,281 | |
| Deferred charges and accrued income | 490/1 | €1,467 | €1,401 | -€66 | -4.5% |
| Total equity and liabilities | 10/49 | €348,431 | €326,172 | -€22,259 | -6.4% |
| Equity | 10/15 | €16,676 | €9,326 | -€7,350 | -44.1% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €16,176 | €8,826 | -€7,350 | -45.4% |
| Distributable reserves | 133 | €16,176 | €8,826 | -€7,350 | -45.4% |
| Amounts payable | 17/49 | €331,755 | €316,846 | -€14,909 | -4.5% |
| Amounts payable after more than one year | 17 | €263,454 | €260,432 | -€3,022 | -1.1% |
| Financial debts | 170/4 | €263,454 | €260,432 | -€3,022 | -1.1% |
| Amounts payable within one year | 42/48 | €68,301 | €56,414 | -€11,887 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €13,793 | €20,926 | +€7,133 | +51.7% |
| Financial debts | 43 | €20,000 | €6,939 | -€13,061 | -65.3% |
| Credit institutions | 430/8 | €20,000 | €6,939 | -€13,061 | -65.3% |
| Trade debts | 44 | €15,654 | €6,204 | -€9,451 | -60.4% |
| Suppliers | 440/4 | €15,654 | €6,204 | -€9,451 | -60.4% |
| Taxes, remuneration and social security | 45 | €18,854 | €22,345 | +€3,491 | +18.5% |
| Taxes | 450/3 | €18,854 | €22,345 | +€3,491 | +18.5% |
| Non-recurring operating income | 76A | €13,814 | - | -€13,814 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,543 | €8,936 | -€35,607 | -79.9% |
| Other operating charges | 640/8 | €3,124 | €2,591 | -€533 | -17.0% |
| Gross operating margin | 9900 | €110,086 | €60,294 | -€49,792 | -45.2% |
| Operating profit (loss) | 9901 | €62,419 | €48,766 | -€13,653 | -21.9% |
| Financial income | 75/76B | €124 | €1 | -€123 | -99.2% |
| Recurring financial income | 75 | €124 | €1 | -€123 | -99.2% |
| Financial charges | 65/66B | €10,710 | €15,301 | +€4,591 | +42.9% |
| Recurring financial charges | 65 | €10,710 | €15,301 | +€4,591 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €51,833 | €33,466 | -€18,367 | -35.4% |
| Income taxes | 67/77 | €5,754 | €1,916 | -€3,838 | -66.7% |
| Profit (loss) for the period | 9904 | €46,079 | €31,550 | -€14,528 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,079 | €31,550 | -€14,528 | -31.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.