Ephas Consulting: 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.
Ephas Consulting
Largest movements
- Cash +€52,985
up €52,985 (+468%), from €11,319 to €64,304
mainly Net result for the year (+€88,310) and Depreciation (+€45,864)
- Tangible fixed assets -€45,864
down €45,864 (-8.1%), from €568,233 to €522,369
of which Land and buildings: -€44,662
- Reserves +€88,310
up €88,310 (+37.4%), from €236,192 to €324,502
of which Distributable reserves: +€88,310
- Debts after one year -€50,313
down €50,313 (-22.6%), from €222,756 to €172,443
of which Financial debts: -€50,903
- Other debts -€25,489
down €25,489 (-47.5%), from €53,655 to €28,166
- Gross operating margin +€12,178
up €12,178 (+7.2%), from €170,311 to €182,489
- Taxes +€4,480
up €4,480 (+13.7%), from €32,611 to €37,092
- Other operating charges -€3,040
down €3,040 (-53.9%), from €5,639 to €2,599
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.
Derived cash bridge
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 | €611,917 | €619,279 | +€7,362 | +1.2% |
| Fixed assets | 21/28 | €568,233 | €522,369 | -€45,864 | -8.1% |
| Tangible fixed assets | 22/27 | €568,233 | €522,369 | -€45,864 | -8.1% |
| Land and buildings | 22 | €543,768 | €499,106 | -€44,662 | -8.2% |
| Other tangible fixed assets | 26 | €24,465 | €23,263 | -€1,201 | -4.9% |
| Current assets | 29/58 | €43,685 | €96,910 | +€53,225 | +122% |
| Amounts receivable within one year | 40/41 | €30,004 | €29,691 | -€313 | -1.0% |
| Trade receivables | 40 | €30,004 | €29,691 | -€313 | -1.0% |
| Cash at bank and in hand | 54/58 | €11,319 | €64,304 | +€52,985 | +468% |
| Deferred charges and accrued income | 490/1 | €2,362 | €2,915 | +€553 | +23.4% |
| Total equity and liabilities | 10/49 | €611,917 | €619,279 | +€7,362 | +1.2% |
| Equity | 10/15 | €256,623 | €344,932 | +€88,310 | +34.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,192 | €324,502 | +€88,310 | +37.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €234,332 | €322,642 | +€88,310 | +37.7% |
| Profit (loss) carried forward | 14 | €1,831 | €1,831 | = | 0.0% |
| Amounts payable | 17/49 | €355,295 | €274,347 | -€80,948 | -22.8% |
| Amounts payable after more than one year | 17 | €222,756 | €172,443 | -€50,313 | -22.6% |
| Financial debts | 170/4 | €222,756 | €171,853 | -€50,903 | -22.9% |
| Other amounts payable | 178/9 | - | €590 | +€590 | |
| Amounts payable within one year | 42/48 | €129,490 | €94,908 | -€34,582 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €54,674 | €51,042 | -€3,632 | -6.6% |
| Trade debts | 44 | €7,210 | €2,436 | -€4,773 | -66.2% |
| Suppliers | 440/4 | €7,210 | €2,436 | -€4,773 | -66.2% |
| Advances received on contracts in progress | 46 | €590 | - | -€590 | |
| Taxes, remuneration and social security | 45 | €13,361 | €13,263 | -€98 | -0.7% |
| Taxes | 450/3 | €11,111 | €13,263 | +€2,152 | +19.4% |
| Remuneration and social security | 454/9 | €2,250 | - | -€2,250 | |
| Other amounts payable | 47/48 | €53,655 | €28,166 | -€25,489 | -47.5% |
| Accrued charges and deferred income | 492/3 | €3,049 | €6,996 | +€3,947 | +129% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,864 | €45,864 | -€0 | 0.0% |
| Other operating charges | 640/8 | €5,639 | €2,599 | -€3,040 | -53.9% |
| Gross operating margin | 9900 | €170,311 | €182,489 | +€12,178 | +7.2% |
| Operating profit (loss) | 9901 | €118,808 | €134,026 | +€15,218 | +12.8% |
| Financial income | 75/76B | - | €2 | +€2 | |
| Recurring financial income | 75 | - | €2 | +€2 | |
| Financial charges | 65/66B | €7,090 | €8,627 | +€1,536 | +21.7% |
| Recurring financial charges | 65 | €7,090 | €8,627 | +€1,536 | +21.7% |
| Profit (loss) for the period before taxes | 9903 | €111,718 | €125,402 | +€13,684 | +12.2% |
| Income taxes | 67/77 | €32,611 | €37,092 | +€4,480 | +13.7% |
| Profit (loss) for the period | 9904 | €79,106 | €88,310 | +€9,203 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €79,106 | €88,310 | +€9,203 | +11.6% |
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 19 October 2026 via checked.be.