EPI-CERISE: 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-CERISE
Largest movements
- Cash -€4,101
down €4,101 (-16.4%), from €25,009 to €20,908
mainly Net result for the year (-€8,696) and Receivables within one year (-€2,884)
- Receivables within one year +€2,884
up €2,884 (+3,605%), from €80 to €2,964
of which Trade receivables: +€2,881
- Profit (loss) carried forward -€8,696
down €8,696 (-21.1%), from €41,179 to €32,483
- Trade debts +€6,931
up €6,931 (+134%), from €5,157 to €12,088
- Gross operating margin -€7,550
down €7,550 (-25.0%), from €30,182 to €22,632
- Staff costs +€1,106
up €1,106 (+4.1%), from €26,993 to €28,099
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 | €62,981 | €60,779 | -€2,202 | -3.5% |
| Fixed assets | 21/28 | €5,552 | €5,059 | -€492 | -8.9% |
| Tangible fixed assets | 22/27 | €4,255 | €3,763 | -€492 | -11.6% |
| Other tangible fixed assets | 26 | €4,255 | €3,763 | -€492 | -11.6% |
| Financial fixed assets | 28 | €1,297 | €1,297 | = | 0.0% |
| Current assets | 29/58 | €57,429 | €55,720 | -€1,710 | -3.0% |
| Stocks and contracts in progress | 3 | €32,340 | €31,847 | -€493 | -1.5% |
| Stocks | 30/36 | €32,340 | €31,847 | -€493 | -1.5% |
| Amounts receivable within one year | 40/41 | €80 | €2,964 | +€2,884 | +3,605% |
| Trade receivables | 40 | €40 | €2,921 | +€2,881 | +7,131% |
| Other amounts receivable | 41 | €40 | €43 | +€4 | +9.1% |
| Cash at bank and in hand | 54/58 | €25,009 | €20,908 | -€4,101 | -16.4% |
| Total equity and liabilities | 10/49 | €62,981 | €60,779 | -€2,202 | -3.5% |
| Equity | 10/15 | €49,239 | €40,543 | -€8,696 | -17.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,179 | €32,483 | -€8,696 | -21.1% |
| Amounts payable | 17/49 | €13,742 | €20,236 | +€6,494 | +47.3% |
| Amounts payable within one year | 42/48 | €13,742 | €20,236 | +€6,494 | +47.3% |
| Trade debts | 44 | €5,157 | €12,088 | +€6,931 | +134% |
| Suppliers | 440/4 | €5,157 | €12,088 | +€6,931 | +134% |
| Taxes, remuneration and social security | 45 | €4,181 | €3,685 | -€496 | -11.9% |
| Taxes | 450/3 | €1,240 | €784 | -€456 | -36.8% |
| Remuneration and social security | 454/9 | €2,941 | €2,901 | -€40 | -1.4% |
| Other amounts payable | 47/48 | €4,404 | €4,463 | +€59 | +1.3% |
| Remuneration, social security and pensions | 62 | €26,993 | €28,099 | +€1,106 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €492 | €492 | = | 0.0% |
| Other operating charges | 640/8 | €1,800 | €1,530 | -€270 | -15.0% |
| Gross operating margin | 9900 | €30,182 | €22,632 | -€7,550 | -25.0% |
| Operating profit (loss) | 9901 | €897 | -€7,489 | -€8,386 | |
| Financial income | 75/76B | €7 | - | -€7 | |
| Recurring financial income | 75 | €7 | - | -€7 | |
| Financial charges | 65/66B | €1,267 | €1,207 | -€61 | -4.8% |
| Recurring financial charges | 65 | €1,267 | €1,207 | -€61 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | -€363 | -€8,696 | -€8,333 | -2,294% |
| Profit (loss) for the period | 9904 | -€363 | -€8,696 | -€8,333 | -2,294% |
| Profit (loss) for the period to be appropriated | 9905 | -€363 | -€8,696 | -€8,333 | -2,294% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.