EPC MEDICAL: what changed
What changed
EPC MEDICAL
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€232,696
2024 · €153,118+€79,578
Equity
€126,738
2024 · €126,643+€96
Cash
€72,515
2024 · €46,848+€25,666
Balance sheet total
€362,516
2024 · €281,359+€81,158
Largest movements
Assets
- Receivables within one year +€71,828
up €71,828 (+132%), from €54,250 to €126,078
of which Other amounts receivable: +€70,375
- Cash +€25,666
up €25,666 (+54.8%), from €46,848 to €72,515
mainly Net result for the year (+€232,696) and Other debts (+€79,600)
- Intangible fixed assets -€22,857
down €22,857 (-30.3%), from €75,543 to €52,686
- Deferred charges and accrued income +€9,600
up €9,600 (+12.0%), from €80,185 to €89,785
Equity and liabilities
- Other debts +€79,600
up €79,600 (+52.0%), from €153,000 to €232,600
Income statement
- Gross operating margin +€101,191
up €101,191 (+42.9%), from €235,699 to €336,891
- Taxes +€26,781
up €26,781 (+56.0%), from €47,853 to €74,634
- Financial income +€5,872
up €5,872 (+1,451%), from €405 to €6,277
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
€153,118
Gross operating margin
+€101,191
Depreciation
-€1,311
Other operating charges
+€367
Financial income
+€5,872
Financial charges
+€240
Taxes
-€26,781
Result 2025
€232,696
raises the resultlowers the result
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
+€263,296
Investment
-€5,030
Financing
-€232,600
Cash 2024
€46,848
From operations (derived)
+€263,296
Net result for the year
+€232,696
Depreciation
+€30,967
Receivables within one year
-€71,828
Deferred charges and accrued income
-€9,600
Trade debts
+€1,635
Smaller working-capital items
-€173
Other debts
+€79,600
Investment (derived)
-€5,030
Investment in fixed assets (net)
-€5,030
Financing
-€232,600
Contributions, distributions and other
-€232,600
Cash 2025
€72,515
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €281,359 | €362,516 | +€81,158 | +28.8% |
| Fixed assets | 21/28 | €100,075 | €74,138 | -€25,937 | -25.9% |
| Intangible fixed assets | 21 | €75,543 | €52,686 | -€22,857 | -30.3% |
| Tangible fixed assets | 22/27 | €24,533 | €21,452 | -€3,080 | -12.6% |
| Plant, machinery and equipment | 23 | €1,618 | €734 | -€884 | -54.6% |
| Furniture and vehicles | 24 | €2,061 | €1,379 | -€682 | -33.1% |
| Other tangible fixed assets | 26 | €20,855 | €19,339 | -€1,515 | -7.3% |
| Current assets | 29/58 | €181,283 | €288,378 | +€107,095 | +59.1% |
| Amounts receivable within one year | 40/41 | €54,250 | €126,078 | +€71,828 | +132% |
| Trade receivables | 40 | €2,621 | €4,074 | +€1,453 | +55.4% |
| Other amounts receivable | 41 | €51,629 | €122,004 | +€70,375 | +136% |
| Cash at bank and in hand | 54/58 | €46,848 | €72,515 | +€25,666 | +54.8% |
| Deferred charges and accrued income | 490/1 | €80,185 | €89,785 | +€9,600 | +12.0% |
| Total equity and liabilities | 10/49 | €281,359 | €362,516 | +€81,158 | +28.8% |
| Equity | 10/15 | €126,643 | €126,738 | +€96 | +0.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €121,200 | €121,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Other | 1319 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €114,700 | €114,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443 | €538 | +€96 | +21.6% |
| Amounts payable | 17/49 | €154,716 | €235,778 | +€81,062 | +52.4% |
| Amounts payable within one year | 42/48 | €154,716 | €235,585 | +€80,870 | +52.3% |
| Trade debts | 44 | - | €1,635 | +€1,635 | |
| Suppliers | 440/4 | - | €1,635 | +€1,635 | |
| Taxes, remuneration and social security | 45 | €1,716 | €1,350 | -€366 | -21.3% |
| Taxes | 450/3 | €1,716 | €1,350 | -€366 | -21.3% |
| Other amounts payable | 47/48 | €153,000 | €232,600 | +€79,600 | +52.0% |
| Accrued charges and deferred income | 492/3 | - | €193 | +€193 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,656 | €30,967 | +€1,311 | +4.4% |
| Other operating charges | 640/8 | €4,887 | €4,520 | -€367 | -7.5% |
| Gross operating margin | 9900 | €235,699 | €336,891 | +€101,191 | +42.9% |
| Operating profit (loss) | 9901 | €201,156 | €301,403 | +€100,247 | +49.8% |
| Financial income | 75/76B | €405 | €6,277 | +€5,872 | +1,451% |
| Recurring financial income | 75 | €405 | €6,277 | +€5,872 | +1,451% |
| Financial charges | 65/66B | €589 | €350 | -€240 | -40.7% |
| Recurring financial charges | 65 | €589 | €350 | -€240 | -40.7% |
| Profit (loss) for the period before taxes | 9903 | €200,971 | €307,330 | +€106,359 | +52.9% |
| Income taxes | 67/77 | €47,853 | €74,634 | +€26,781 | +56.0% |
| Profit (loss) for the period | 9904 | €153,118 | €232,696 | +€79,578 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €153,118 | €232,696 | +€79,578 | +52.0% |
Next steps
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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 7 November 2026 via checked.be.