EPCM SERVICES: what changed
Two fiscal 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.
EPCM SERVICES
Largest movements
- Cash -€55,105
down €55,105 (-99.8%), from €55,196 to €91
mainly Trade debts (-€62,570) and Tax, wage and social debts (-€24,436)
- Receivables within one year -€47,324
down €47,324 (-64.3%), from €73,582 to €26,258
of which Other amounts receivable: -€28,360
- Trade debts -€62,570
no longer reported in 2025 (was €62,570)
- Tax, wage and social debts -€24,436
down €24,436 (-77.5%), from €31,534 to €7,098
- Other debts -€16,975
down €16,975 (-94.3%), from €18,000 to €1,025
- Profit (loss) carried forward +€1,772
up €1,772 (+9.8%), from €18,025 to €19,798
- Gross operating margin -€53,644
down €53,644 (-91.4%), from €58,694 to €5,049
- Taxes -€5,572
down €5,572 (-88.0%), from €6,335 to €763
- Staff costs -€1,634
no longer reported in 2025 (was €1,634)
- Depreciation +€913
up €913 (+56.9%), from €1,606 to €2,519
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 | €131,990 | €29,781 | -€102,209 | -77.4% |
| Fixed assets | 21/28 | €3,211 | €3,432 | +€221 | +6.9% |
| Tangible fixed assets | 22/27 | €3,211 | €3,432 | +€221 | +6.9% |
| Plant, machinery and equipment | 23 | €1,493 | €2,572 | +€1,080 | +72.4% |
| Furniture and vehicles | 24 | €1,718 | €859 | -€859 | -50.0% |
| Current assets | 29/58 | €128,779 | €26,349 | -€102,429 | -79.5% |
| Amounts receivable within one year | 40/41 | €73,582 | €26,258 | -€47,324 | -64.3% |
| Trade receivables | 40 | €18,964 | - | -€18,964 | |
| Other amounts receivable | 41 | €54,618 | €26,258 | -€28,360 | -51.9% |
| Cash at bank and in hand | 54/58 | €55,196 | €91 | -€55,105 | -99.8% |
| Total equity and liabilities | 10/49 | €131,990 | €29,781 | -€102,209 | -77.4% |
| Equity | 10/15 | €19,885 | €21,658 | +€1,772 | +8.9% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,025 | €19,798 | +€1,772 | +9.8% |
| Amounts payable | 17/49 | €112,104 | €8,123 | -€103,981 | -92.8% |
| Amounts payable within one year | 42/48 | €112,104 | €8,123 | -€103,981 | -92.8% |
| Trade debts | 44 | €62,570 | - | -€62,570 | |
| Suppliers | 440/4 | €62,570 | - | -€62,570 | |
| Taxes, remuneration and social security | 45 | €31,534 | €7,098 | -€24,436 | -77.5% |
| Taxes | 450/3 | €31,534 | €7,098 | -€24,436 | -77.5% |
| Other amounts payable | 47/48 | €18,000 | €1,025 | -€16,975 | -94.3% |
| Remuneration, social security and pensions | 62 | €1,634 | - | -€1,634 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,606 | €2,519 | +€913 | +56.9% |
| Other operating charges | 640/8 | €148 | €113 | -€34 | -23.2% |
| Gross operating margin | 9900 | €58,694 | €5,049 | -€53,644 | -91.4% |
| Operating profit (loss) | 9901 | €55,306 | €2,417 | -€52,889 | -95.6% |
| Financial income | 75/76B | €300 | €118 | -€182 | -60.7% |
| Recurring financial income | 75 | €300 | €118 | -€182 | -60.7% |
| Financial charges | 65/66B | - | €0 | +€0 | |
| Recurring financial charges | 65 | - | €0 | +€0 | |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €55,607 | €2,535 | -€53,071 | -95.4% |
| Income taxes | 67/77 | €6,335 | €763 | -€5,572 | -88.0% |
| Profit (loss) for the period | 9904 | €49,271 | €1,772 | -€47,499 | -96.4% |
| Profit (loss) for the period to be appropriated | 9905 | €49,271 | €1,772 | -€47,499 | -96.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.