EPI: 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.
EPI
Largest movements
- Cash +€61,377
up €61,377 (+1029.7%), from €5,960 to €67,337
mainly Debts within one year (+€49,052) and Accrued charges and deferred income (+€21,852)
- Receivables within one year +€31,737
up €31,737 (+11.2%), from €284,573 to €316,310
of which Trade receivables: +€42,640
- Tangible fixed assets -€13,896
down €13,896 (-43.2%), from €32,163 to €18,268
of which Furniture and vehicles: -€12,862
- Debts within one year +€49,052
up €49,052 (+25.5%), from €192,369 to €241,420
of which Tax, wage and social debts: +€27,491
- Accrued charges and deferred income +€21,852
new in 2025: €21,852
- Profit (loss) carried forward +€6,729
up €6,729 (+5.4%), from €123,994 to €130,723
- Staff costs -€63,966
down €63,966 (-7.0%), from €915,678 to €851,712
- Gross operating margin -€58,966
down €58,966 (-6.3%), from €934,172 to €875,206
- Depreciation -€10,692
down €10,692 (-40.9%), from €26,173 to €15,481
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 | €326,363 | €403,995 | +€77,633 | +23.8% |
| Fixed assets | 21/28 | €35,804 | €20,323 | -€15,481 | -43.2% |
| Intangible fixed assets | 21 | €3,640 | €2,055 | -€1,585 | -43.5% |
| Tangible fixed assets | 22/27 | €32,163 | €18,268 | -€13,896 | -43.2% |
| Furniture and vehicles | 24 | €26,265 | €13,403 | -€12,862 | -49.0% |
| Other tangible fixed assets | 26 | €5,898 | €4,865 | -€1,034 | -17.5% |
| Current assets | 29/58 | €290,559 | €383,673 | +€93,114 | +32.0% |
| Amounts receivable within one year | 40/41 | €284,573 | €316,310 | +€31,737 | +11.2% |
| Trade receivables | 40 | €252,402 | €295,042 | +€42,640 | +16.9% |
| Other amounts receivable | 41 | €32,171 | €21,268 | -€10,903 | -33.9% |
| Current investments | 50/53 | €25 | €25 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,960 | €67,337 | +€61,377 | +1029.7% |
| Total equity and liabilities | 10/49 | €326,363 | €403,995 | +€77,633 | +23.8% |
| Equity | 10/15 | €123,994 | €130,723 | +€6,729 | +5.4% |
| Profit (loss) carried forward | 14 | €123,994 | €130,723 | +€6,729 | +5.4% |
| Provisions and deferred taxes | 16 | €10,000 | €10,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €10,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable | 17/49 | €192,369 | €263,272 | +€70,904 | +36.9% |
| Amounts payable within one year | 42/48 | €192,369 | €241,420 | +€49,052 | +25.5% |
| Trade debts | 44 | €32,075 | €29,844 | -€2,230 | -7.0% |
| Suppliers | 440/4 | €32,075 | €29,844 | -€2,230 | -7.0% |
| Taxes, remuneration and social security | 45 | €99,869 | €127,360 | +€27,491 | +27.5% |
| Remuneration and social security | 454/9 | €99,869 | €127,360 | +€27,491 | +27.5% |
| Accrued charges and deferred income | 492/3 | - | €21,852 | +€21,852 | |
| Remuneration, social security and pensions | 62 | €915,678 | €851,712 | -€63,966 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,173 | €15,481 | -€10,692 | -40.9% |
| Other operating charges | 640/8 | €292 | €280 | -€13 | -4.4% |
| Gross operating margin | 9900 | €934,172 | €875,206 | -€58,966 | -6.3% |
| Operating profit (loss) | 9901 | -€7,972 | €7,733 | +€15,705 | |
| Financial income | 75/76B | €475 | €98 | -€377 | -79.3% |
| Recurring financial income | 75 | €475 | €98 | -€377 | -79.3% |
| Financial charges | 65/66B | €1,082 | €1,091 | +€9 | +0.8% |
| Recurring financial charges | 65 | €992 | €1,091 | +€99 | +10.0% |
| Non-recurring financial charges | 66B | €90 | - | -€90 | |
| Profit (loss) for the period before taxes | 9903 | -€8,579 | €6,740 | +€15,319 | |
| Income taxes | 67/77 | €142 | €11 | -€131 | -92.2% |
| Profit (loss) for the period | 9904 | -€8,721 | €6,729 | +€15,450 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,721 | €6,729 | +€15,450 |
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 11 October 2026 via checked.be.