EPHEM 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.
EPHEM SERVICES
Largest movements
- Receivables within one year -€10,697
down €10,697 (-27.6%), from €38,782 to €28,085
of which Trade receivables: -€11,000
- Tangible fixed assets -€2,500
down €2,500 (-35.3%), from €7,075 to €4,575
- Cash -€1,843
down €1,843 (-88.7%), from €2,079 to €236
mainly Net result for the year (-€21,659) and Deferred charges and accrued income (-€1,358)
- Deferred charges and accrued income +€1,358
up €1,358, from €0 to €1,358
- Profit (loss) carried forward -€21,659
down €21,659 (-771.4%), from -€2,808 to -€24,467
- Other debts +€7,061
up €7,061 (+37.9%), from €18,645 to €25,706
- Trade debts +€915
up €915 (+1800.0%), from €51 to €966
- Write-downs +€11,000
new in 2025: €11,000
- Gross operating margin -€10,772
down €10,772, from €3,191 to -€7,580
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 | €48,437 | €34,754 | -€13,683 | -28.2% |
| Fixed assets | 21/28 | €7,575 | €5,075 | -€2,500 | -33.0% |
| Tangible fixed assets | 22/27 | €7,075 | €4,575 | -€2,500 | -35.3% |
| Furniture and vehicles | 24 | €7,075 | €4,575 | -€2,500 | -35.3% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €40,861 | €29,678 | -€11,183 | -27.4% |
| Amounts receivable within one year | 40/41 | €38,782 | €28,085 | -€10,697 | -27.6% |
| Trade receivables | 40 | €13,310 | €2,310 | -€11,000 | -82.6% |
| Other amounts receivable | 41 | €25,472 | €25,775 | +€303 | +1.2% |
| Cash at bank and in hand | 54/58 | €2,079 | €236 | -€1,843 | -88.7% |
| Deferred charges and accrued income | 490/1 | €0 | €1,358 | +€1,358 | |
| Total equity and liabilities | 10/49 | €48,437 | €34,754 | -€13,683 | -28.2% |
| Equity | 10/15 | €24,508 | €2,849 | -€21,659 | -88.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,316 | €2,316 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,316 | €2,316 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,316 | €2,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,808 | -€24,467 | -€21,659 | -771.4% |
| Provisions and deferred taxes | 16 | €5,233 | €5,233 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,233 | €5,233 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,233 | €5,233 | = | 0.0% |
| Amounts payable | 17/49 | €18,696 | €26,672 | +€7,976 | +42.7% |
| Amounts payable within one year | 42/48 | €18,696 | €26,672 | +€7,976 | +42.7% |
| Trade debts | 44 | €51 | €966 | +€915 | +1800.0% |
| Suppliers | 440/4 | €51 | €966 | +€915 | +1800.0% |
| Other amounts payable | 47/48 | €18,645 | €25,706 | +€7,061 | +37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,500 | €2,500 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,000 | +€11,000 | |
| Other operating charges | 640/8 | €515 | €527 | +€12 | +2.4% |
| Gross operating margin | 9900 | €3,191 | -€7,580 | -€10,772 | |
| Operating profit (loss) | 9901 | €177 | -€21,608 | -€21,784 | |
| Financial charges | 65/66B | €58 | €51 | -€6 | -10.9% |
| Recurring financial charges | 65 | €58 | €51 | -€6 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €119 | -€21,659 | -€21,778 | |
| Profit (loss) for the period | 9904 | €119 | -€21,659 | -€21,778 | |
| Profit (loss) for the period to be appropriated | 9905 | €119 | -€21,659 | -€21,778 |
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 3 October 2026 via checked.be.