EPG GLOBAL: what changed
EPG GLOBAL
Largest movements
- Receivables within one year -€32,510
down €32,510 (-57.0%), from €57,061 to €24,551
of which Trade receivables: -€33,021
- Cash -€22,537
down €22,537 (-38.5%), from €58,548 to €36,011
mainly Net result for the year (-€35,791) and Investment in fixed assets (net) (-€20,104)
- Tangible fixed assets +€6,926
up €6,926 (+21.5%), from €32,219 to €39,145
- Deferred charges and accrued income -€4,157
down €4,157 (-85.5%), from €4,865 to €708
- Profit (loss) carried forward -€27,473
new in 2025: -€27,473
- Tax, wage and social debts -€19,270
down €19,270 (-55.0%), from €35,062 to €15,792
of which Taxes: -€15,017
- Reserves -€8,318
down €8,318 (-11.1%), from €75,098 to €66,780
- Current portion of long-term debt +€8,081
up €8,081 (+183%), from €4,423 to €12,504
- Advances received -€5,475
no longer reported in 2025 (was €5,475)
- Gross operating margin -€151,039
down €151,039, from €135,783 to -€15,256
- Staff costs -€49,463
down €49,463, from €48,365 to -€1,098
- Taxes -€21,966
down €21,966 (-98.4%), from €22,332 to €366
- Other operating charges +€5,509
up €5,509 (+331%), from €1,664 to €7,173
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,693 | €100,415 | -€52,277 | -34.2% |
| Fixed assets | 21/28 | €32,219 | €39,145 | +€6,926 | +21.5% |
| Tangible fixed assets | 22/27 | €32,219 | €39,145 | +€6,926 | +21.5% |
| Furniture and vehicles | 24 | €32,219 | €39,145 | +€6,926 | +21.5% |
| Current assets | 29/58 | €120,474 | €61,270 | -€59,204 | -49.1% |
| Amounts receivable within one year | 40/41 | €57,061 | €24,551 | -€32,510 | -57.0% |
| Trade receivables | 40 | €54,767 | €21,747 | -€33,021 | -60.3% |
| Other amounts receivable | 41 | €2,294 | €2,805 | +€511 | +22.3% |
| Cash at bank and in hand | 54/58 | €58,548 | €36,011 | -€22,537 | -38.5% |
| Deferred charges and accrued income | 490/1 | €4,865 | €708 | -€4,157 | -85.5% |
| Total equity and liabilities | 10/49 | €152,693 | €100,415 | -€52,277 | -34.2% |
| Equity | 10/15 | €93,698 | €57,907 | -€35,791 | -38.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,098 | €66,780 | -€8,318 | -11.1% |
| Distributable reserves | 133 | €75,098 | €66,780 | -€8,318 | -11.1% |
| Profit (loss) carried forward | 14 | - | -€27,473 | -€27,473 | |
| Amounts payable | 17/49 | €58,995 | €42,508 | -€16,487 | -27.9% |
| Amounts payable after more than one year | 17 | €13,351 | €12,746 | -€604 | -4.5% |
| Financial debts | 170/4 | €13,351 | €12,746 | -€604 | -4.5% |
| Amounts payable within one year | 42/48 | €45,644 | €29,762 | -€15,882 | -34.8% |
| Current portion of amounts payable after more than one year | 42 | €4,423 | €12,504 | +€8,081 | +183% |
| Trade debts | 44 | €684 | €1,465 | +€781 | +114% |
| Suppliers | 440/4 | €684 | €1,465 | +€781 | +114% |
| Advances received on contracts in progress | 46 | €5,475 | - | -€5,475 | |
| Taxes, remuneration and social security | 45 | €35,062 | €15,792 | -€19,270 | -55.0% |
| Taxes | 450/3 | €28,676 | €13,659 | -€15,017 | -52.4% |
| Remuneration and social security | 454/9 | €6,385 | €2,133 | -€4,252 | -66.6% |
| Remuneration, social security and pensions | 62 | €48,365 | -€1,098 | -€49,463 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,950 | €13,177 | +€1,227 | +10.3% |
| Other operating charges | 640/8 | €1,664 | €7,173 | +€5,509 | +331% |
| Gross operating margin | 9900 | €135,783 | -€15,256 | -€151,039 | |
| Operating profit (loss) | 9901 | €73,804 | -€34,508 | -€108,312 | |
| Financial income | 75/76B | €132 | €1,423 | +€1,291 | +978% |
| Recurring financial income | 75 | €132 | €1,423 | +€1,291 | +978% |
| Financial charges | 65/66B | €1,931 | €2,340 | +€409 | +21.2% |
| Recurring financial charges | 65 | €1,931 | €2,340 | +€409 | +21.2% |
| Profit (loss) for the period before taxes | 9903 | €72,005 | -€35,425 | -€107,430 | |
| Income taxes | 67/77 | €22,332 | €366 | -€21,966 | -98.4% |
| Profit (loss) for the period | 9904 | €49,674 | -€35,791 | -€85,464 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,674 | -€35,791 | -€85,464 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.