EPHIDA: 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.
EPHIDA
Largest movements
- Receivables after one year +€74,800
up €74,800 (+17.3%), from €431,900 to €506,700
- Cash +€35,814
up €35,814 (+40.5%), from €88,522 to €124,336
mainly Net result for the year (+€139,784) and Trade debts (+€8,418)
- Receivables within one year +€11,792
up €11,792 (+58.8%), from €20,044 to €31,835
of which Other amounts receivable: +€18,742
- Profit (loss) carried forward +€139,784
up €139,784 (+31.1%), from €450,148 to €589,932
- Tax, wage and social debts -€19,832
down €19,832 (-24.5%), from €81,103 to €61,271
- Trade debts +€8,418
up €8,418 (+3,348%), from €251 to €8,669
- Gross operating margin -€40,344
down €40,344 (-20.3%), from €199,098 to €158,754
- Taxes -€8,713
down €8,713 (-17.7%), from €49,248 to €40,535
- Financial income +€3,705
up €3,705 (+20.5%), from €18,095 to €21,800
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 | €540,465 | €662,872 | +€122,406 | +22.6% |
| Current assets | 29/58 | €540,465 | €662,872 | +€122,406 | +22.6% |
| Amounts receivable after more than one year | 29 | €431,900 | €506,700 | +€74,800 | +17.3% |
| Other amounts receivable | 291 | €431,900 | €506,700 | +€74,800 | +17.3% |
| Amounts receivable within one year | 40/41 | €20,044 | €31,835 | +€11,792 | +58.8% |
| Trade receivables | 40 | €18,050 | €11,100 | -€6,950 | -38.5% |
| Other amounts receivable | 41 | €1,994 | €20,735 | +€18,742 | +940% |
| Cash at bank and in hand | 54/58 | €88,522 | €124,336 | +€35,814 | +40.5% |
| Total equity and liabilities | 10/49 | €540,465 | €662,872 | +€122,406 | +22.6% |
| Equity | 10/15 | €453,148 | €592,932 | +€139,784 | +30.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €450,148 | €589,932 | +€139,784 | +31.1% |
| Amounts payable | 17/49 | €87,318 | €69,940 | -€17,378 | -19.9% |
| Amounts payable within one year | 42/48 | €87,318 | €69,940 | -€17,378 | -19.9% |
| Trade debts | 44 | €251 | €8,669 | +€8,418 | +3,348% |
| Suppliers | 440/4 | €251 | €8,669 | +€8,418 | +3,348% |
| Taxes, remuneration and social security | 45 | €81,103 | €61,271 | -€19,832 | -24.5% |
| Taxes | 450/3 | €81,103 | €61,271 | -€19,832 | -24.5% |
| Other amounts payable | 47/48 | €5,963 | €0 | -€5,963 | -100% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €199,098 | €158,754 | -€40,344 | -20.3% |
| Operating profit (loss) | 9901 | €199,034 | €158,688 | -€40,346 | -20.3% |
| Financial income | 75/76B | €18,095 | €21,800 | +€3,705 | +20.5% |
| Recurring financial income | 75 | €18,095 | €21,800 | +€3,705 | +20.5% |
| Financial charges | 65/66B | €135 | €169 | +€34 | +25.2% |
| Recurring financial charges | 65 | €135 | €169 | +€34 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €216,994 | €180,319 | -€36,675 | -16.9% |
| Income taxes | 67/77 | €49,248 | €40,535 | -€8,713 | -17.7% |
| Profit (loss) for the period | 9904 | €167,745 | €139,784 | -€27,962 | -16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €167,745 | €139,784 | -€27,962 | -16.7% |
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 23 October 2026 via checked.be.