EPHAMED: 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.
EPHAMED
Largest movements
- Cash -€50,651
down €50,651 (-48.8%), from €103,818 to €53,168
mainly Contributions, distributions and other (-€50,000) and Other debts (-€25,000)
- Stocks and contracts +€18,369
up €18,369 (+79.2%), from €23,184 to €41,554
- Receivables within one year +€12,021
up €12,021 (+2198.3%), from €547 to €12,567
of which Other amounts receivable: +€11,692
- Tangible fixed assets -€6,232
down €6,232 (-51.7%), from €12,049 to €5,817
- Other debts -€25,000
down €25,000 (-33.3%), from €75,000 to €50,000
- Profit (loss) carried forward +€8,570
up €8,570 (+66.4%), from €12,917 to €21,487
- Debts after one year -€4,515
no longer reported in 2025 (was €4,515)
- Tax, wage and social debts -€3,902
down €3,902 (-29.2%), from €13,374 to €9,472
- Current portion of long-term debt -€2,257
down €2,257 (-33.3%), from €6,772 to €4,515
- Gross operating margin -€27,632
down €27,632 (-24.2%), from €114,322 to €86,691
- Taxes -€6,483
down €6,483 (-24.1%), from €26,935 to €20,451
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 | €139,667 | €113,433 | -€26,234 | -18.8% |
| Fixed assets | 21/28 | €12,049 | €5,817 | -€6,232 | -51.7% |
| Tangible fixed assets | 22/27 | €12,049 | €5,817 | -€6,232 | -51.7% |
| Furniture and vehicles | 24 | €12,049 | €5,817 | -€6,232 | -51.7% |
| Current assets | 29/58 | €127,618 | €107,616 | -€20,001 | -15.7% |
| Stocks and contracts in progress | 3 | €23,184 | €41,554 | +€18,369 | +79.2% |
| Stocks | 30/36 | €23,184 | €41,554 | +€18,369 | +79.2% |
| Amounts receivable within one year | 40/41 | €547 | €12,567 | +€12,021 | +2198.3% |
| Trade receivables | 40 | €547 | €875 | +€329 | +60.1% |
| Other amounts receivable | 41 | - | €11,692 | +€11,692 | |
| Cash at bank and in hand | 54/58 | €103,818 | €53,168 | -€50,651 | -48.8% |
| Deferred charges and accrued income | 490/1 | €68 | €327 | +€259 | +380.8% |
| Total equity and liabilities | 10/49 | €139,667 | €113,433 | -€26,234 | -18.8% |
| Equity | 10/15 | €38,917 | €47,487 | +€8,570 | +22.0% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,917 | €21,487 | +€8,570 | +66.4% |
| Amounts payable | 17/49 | €100,750 | €65,946 | -€34,804 | -34.5% |
| Amounts payable after more than one year | 17 | €4,515 | - | -€4,515 | |
| Financial debts | 170/4 | €4,515 | - | -€4,515 | |
| Amounts payable within one year | 42/48 | €96,235 | €65,946 | -€30,289 | -31.5% |
| Current portion of amounts payable after more than one year | 42 | €6,772 | €4,515 | -€2,257 | -33.3% |
| Trade debts | 44 | €1,089 | €1,959 | +€870 | +79.9% |
| Suppliers | 440/4 | €1,089 | €1,959 | +€870 | +79.9% |
| Taxes, remuneration and social security | 45 | €13,374 | €9,472 | -€3,902 | -29.2% |
| Taxes | 450/3 | €13,374 | €9,472 | -€3,902 | -29.2% |
| Other amounts payable | 47/48 | €75,000 | €50,000 | -€25,000 | -33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,474 | €7,537 | +€63 | +0.8% |
| Other operating charges | 640/8 | €515 | €726 | +€211 | +40.9% |
| Gross operating margin | 9900 | €114,322 | €86,691 | -€27,632 | -24.2% |
| Operating profit (loss) | 9901 | €106,334 | €78,428 | -€27,906 | -26.2% |
| Financial income | 75/76B | €2,067 | €2,292 | +€225 | +10.9% |
| Recurring financial income | 75 | €2,067 | €2,292 | +€225 | +10.9% |
| Financial charges | 65/66B | €2,124 | €1,698 | -€426 | -20.1% |
| Recurring financial charges | 65 | €2,124 | €1,698 | -€426 | -20.1% |
| Profit (loss) for the period before taxes | 9903 | €106,276 | €79,022 | -€27,255 | -25.6% |
| Income taxes | 67/77 | €26,935 | €20,451 | -€6,483 | -24.1% |
| Profit (loss) for the period | 9904 | €79,342 | €58,570 | -€20,771 | -26.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,342 | €58,570 | -€20,771 | -26.2% |
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 30 September 2026 via checked.be.