Ephione: 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.
Ephione
Largest movements
- Cash -€45,897
down €45,897 (-43.0%), from €106,759 to €60,861
mainly Debts after one year (-€146,151) and Short-term financial debts (-€8,522)
- Debts after one year -€146,151
down €146,151 (-13.9%), from €1.0m to €902,559
- Reserves +€89,548
up €89,548 (+17.4%), from €515,994 to €605,542
- Financial charges +€13,472
up €13,472 (+101%), from €13,275 to €26,747
- Taxes -€4,626
down €4,626 (-11.7%), from €39,657 to €35,031
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 | €1,728,755 | €1,684,363 | -€44,392 | -2.6% |
| Fixed assets | 21/28 | €1,618,802 | €1,618,802 | = | 0.0% |
| Financial fixed assets | 28 | €1,618,802 | €1,618,802 | = | 0.0% |
| Current assets | 29/58 | €109,953 | €65,561 | -€44,392 | -40.4% |
| Amounts receivable within one year | 40/41 | €3,118 | €4,700 | +€1,582 | +50.7% |
| Other amounts receivable | 41 | €3,118 | €4,700 | +€1,582 | +50.7% |
| Cash at bank and in hand | 54/58 | €106,759 | €60,861 | -€45,897 | -43.0% |
| Deferred charges and accrued income | 490/1 | €76 | - | -€76 | |
| Total equity and liabilities | 10/49 | €1,728,755 | €1,684,363 | -€44,392 | -2.6% |
| Equity | 10/15 | €535,994 | €625,542 | +€89,548 | +16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €515,994 | €605,542 | +€89,548 | +17.4% |
| Distributable reserves | 133 | €515,994 | €605,542 | +€89,548 | +17.4% |
| Amounts payable | 17/49 | €1,192,761 | €1,058,821 | -€133,939 | -11.2% |
| Amounts payable after more than one year | 17 | €1,048,710 | €902,559 | -€146,151 | -13.9% |
| Financial debts | 170/4 | €1,048,710 | €902,559 | -€146,151 | -13.9% |
| Amounts payable within one year | 42/48 | €137,901 | €135,862 | -€2,039 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €95,278 | €96,151 | +€873 | +0.9% |
| Financial debts | 43 | €8,522 | - | -€8,522 | |
| Credit institutions | 430/8 | €8,522 | - | -€8,522 | |
| Trade debts | 44 | €5,234 | €5,459 | +€225 | +4.3% |
| Suppliers | 440/4 | €5,234 | €5,459 | +€225 | +4.3% |
| Taxes, remuneration and social security | 45 | €6,630 | €5,727 | -€903 | -13.6% |
| Taxes | 450/3 | €6,630 | €5,727 | -€903 | -13.6% |
| Other amounts payable | 47/48 | €22,238 | €28,526 | +€6,288 | +28.3% |
| Accrued charges and deferred income | 492/3 | €6,150 | €20,400 | +€14,250 | +232% |
| Other operating charges | 640/8 | €1,324 | €1,356 | +€33 | +2.5% |
| Gross operating margin | 9900 | €154,684 | €153,515 | -€1,169 | -0.8% |
| Operating profit (loss) | 9901 | €153,360 | €152,159 | -€1,202 | -0.8% |
| Financial charges | 65/66B | €13,275 | €26,747 | +€13,472 | +101% |
| Recurring financial charges | 65 | €13,275 | €26,747 | +€13,472 | +101% |
| Profit (loss) for the period before taxes | 9903 | €140,086 | €125,412 | -€14,674 | -10.5% |
| Income taxes | 67/77 | €39,657 | €35,031 | -€4,626 | -11.7% |
| Profit (loss) for the period | 9904 | €100,429 | €90,381 | -€10,048 | -10.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,429 | €90,381 | -€10,048 | -10.0% |
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 1 November 2026 via checked.be.