EPHEART: 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.
EPHEART
Largest movements
- Cash -€19,289
down €19,289 (-71.8%), from €26,850 to €7,561
mainly Tax, wage and social debts (-€14,762) and Investment in fixed assets (net) (-€5,480)
- Tangible fixed assets +€4,625
new in 2025: €4,625
- Receivables within one year -€3,534
down €3,534 (-28.9%), from €12,236 to €8,702
of which Other amounts receivable: -€8,277
- Tax, wage and social debts -€14,762
down €14,762 (-94.4%), from €15,644 to €882
- Profit (loss) carried forward -€2,415
down €2,415 (-14.0%), from €17,240 to €14,825
- Other debts -€1,063
down €1,063 (-86.7%), from €1,226 to €163
- Gross operating margin -€25,995
down €25,995, from €24,796 to -€1,199
- Taxes -€5,061
down €5,061 (-97.9%), from €5,170 to €109
- Other operating charges -€1,721
down €1,721 (-93.7%), from €1,836 to €115
- Depreciation +€855
new in 2025: €855
- Financial charges -€413
down €413 (-75.1%), from €550 to €137
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 | €39,086 | €20,888 | -€18,198 | -46.6% |
| Fixed assets | 21/28 | - | €4,625 | +€4,625 | |
| Tangible fixed assets | 22/27 | - | €4,625 | +€4,625 | |
| Furniture and vehicles | 24 | - | €4,625 | +€4,625 | |
| Current assets | 29/58 | €39,086 | €16,263 | -€22,823 | -58.4% |
| Amounts receivable within one year | 40/41 | €12,236 | €8,702 | -€3,534 | -28.9% |
| Trade receivables | 40 | €3,872 | €8,615 | +€4,743 | +122% |
| Other amounts receivable | 41 | €8,364 | €87 | -€8,277 | -99.0% |
| Cash at bank and in hand | 54/58 | €26,850 | €7,561 | -€19,289 | -71.8% |
| Total equity and liabilities | 10/49 | €39,086 | €20,888 | -€18,198 | -46.6% |
| Equity | 10/15 | €21,240 | €18,825 | -€2,415 | -11.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,240 | €14,825 | -€2,415 | -14.0% |
| Amounts payable | 17/49 | €17,846 | €2,063 | -€15,783 | -88.4% |
| Amounts payable within one year | 42/48 | €17,846 | €2,063 | -€15,783 | -88.4% |
| Trade debts | 44 | €976 | €1,018 | +€42 | +4.3% |
| Suppliers | 440/4 | €546 | €1,018 | +€472 | +86.4% |
| Bills of exchange payable | 441 | €430 | - | -€430 | |
| Taxes, remuneration and social security | 45 | €15,644 | €882 | -€14,762 | -94.4% |
| Taxes | 450/3 | €15,644 | €882 | -€14,762 | -94.4% |
| Other amounts payable | 47/48 | €1,226 | €163 | -€1,063 | -86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €855 | +€855 | |
| Other operating charges | 640/8 | €1,836 | €115 | -€1,721 | -93.7% |
| Gross operating margin | 9900 | €24,796 | -€1,199 | -€25,995 | |
| Operating profit (loss) | 9901 | €22,960 | -€2,169 | -€25,129 | |
| Financial charges | 65/66B | €550 | €137 | -€413 | -75.1% |
| Recurring financial charges | 65 | €550 | €137 | -€413 | -75.1% |
| Profit (loss) for the period before taxes | 9903 | €22,410 | -€2,306 | -€24,716 | |
| Income taxes | 67/77 | €5,170 | €109 | -€5,061 | -97.9% |
| Profit (loss) for the period | 9904 | €17,240 | -€2,415 | -€19,655 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,240 | -€2,415 | -€19,655 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.