EPIBIN: 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.
What changed
EPIBIN
NACE 10.712, Artisanal bread and fresh pastry making
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€24,756
2024 · €29,020-€4,264
Equity
€118,367
2024 · €93,612+€24,756
Cash
€7,040
2024 · €6,963+€77
Balance sheet total
€766,672
2024 · €832,642-€65,970
Largest movements
Assets
- Tangible fixed assets -€65,826
down €65,826 (-9.5%), from €689,368 to €623,543
of which Other tangible fixed assets: -€38,522
Equity and liabilities
- Debts after one year -€89,919
down €89,919 (-18.3%), from €491,512 to €401,593
- Trade debts +€33,760
up €33,760 (+42.1%), from €80,155 to €113,915
- Other debts -€29,782
down €29,782 (-79.7%), from €37,385 to €7,603
- Profit (loss) carried forward +€24,756
up €24,756 (+95.4%), from €25,962 to €50,717
- Tax, wage and social debts -€8,657
down €8,657 (-19.7%), from €43,897 to €35,240
of which Remuneration and social security: -€8,745
Income statement
- Gross operating margin -€58,011
down €58,011 (-11.6%), from €501,903 to €443,892
- Staff costs -€41,644
down €41,644 (-12.0%), from €347,690 to €306,045
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.
Result 2024
€29,020
Gross operating margin
-€58,011
Staff costs
+€41,644
Depreciation
-€328
Other operating charges
-€201
Other operating items
+€11,143
Financial income
-€544
Financial charges
+€3,670
Taxes
-€1,638
Result 2025
€24,756
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.
From operations
+€88,168
Investment
-€2,010
Financing
-€86,081
Cash 2024
€6,963
From operations (derived)
+€88,168
Net result for the year
+€24,756
Depreciation
+€70,815
Stocks and contracts
-€785
Receivables within one year
-€1,882
Smaller working-capital items
-€57
Trade debts
+€33,760
Tax, wage and social debts
-€8,657
Other debts
-€29,782
Investment (derived)
-€2,010
Investment in fixed assets (net)
-€2,010
Financing
-€86,081
Debts after one year
-€89,919
Current portion of long-term debt
+€3,838
Cash 2025
€7,040
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €832,642 | €766,672 | -€65,970 | -7.9% |
| Formation expenses | 20 | €12,132 | €9,152 | -€2,980 | -24.6% |
| Fixed assets | 21/28 | €695,968 | €630,143 | -€65,826 | -9.5% |
| Tangible fixed assets | 22/27 | €689,368 | €623,543 | -€65,826 | -9.5% |
| Plant, machinery and equipment | 23 | €121,392 | €101,327 | -€20,065 | -16.5% |
| Furniture and vehicles | 24 | €41,406 | €34,167 | -€7,239 | -17.5% |
| Other tangible fixed assets | 26 | €526,571 | €488,049 | -€38,522 | -7.3% |
| Financial fixed assets | 28 | €6,600 | €6,600 | = | 0.0% |
| Current assets | 29/58 | €124,541 | €127,377 | +€2,836 | +2.3% |
| Stocks and contracts in progress | 3 | €14,408 | €15,192 | +€785 | +5.4% |
| Stocks | 30/36 | €14,408 | €15,192 | +€785 | +5.4% |
| Amounts receivable within one year | 40/41 | €99,191 | €101,073 | +€1,882 | +1.9% |
| Trade receivables | 40 | €13,826 | €35,273 | +€21,447 | +155.1% |
| Other amounts receivable | 41 | €85,365 | €65,799 | -€19,565 | -22.9% |
| Cash at bank and in hand | 54/58 | €6,963 | €7,040 | +€77 | +1.1% |
| Deferred charges and accrued income | 490/1 | €3,980 | €4,072 | +€92 | +2.3% |
| Total equity and liabilities | 10/49 | €832,642 | €766,672 | -€65,970 | -7.9% |
| Equity | 10/15 | €93,612 | €118,367 | +€24,756 | +26.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,962 | €50,717 | +€24,756 | +95.4% |
| Amounts payable | 17/49 | €739,030 | €648,304 | -€90,726 | -12.3% |
| Amounts payable after more than one year | 17 | €491,512 | €401,593 | -€89,919 | -18.3% |
| Financial debts | 170/4 | €491,512 | €401,593 | -€89,919 | -18.3% |
| Amounts payable within one year | 42/48 | €247,518 | €246,676 | -€842 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €86,081 | €89,919 | +€3,838 | +4.5% |
| Trade debts | 44 | €80,155 | €113,915 | +€33,760 | +42.1% |
| Suppliers | 440/4 | €80,155 | €113,915 | +€33,760 | +42.1% |
| Taxes, remuneration and social security | 45 | €43,897 | €35,240 | -€8,657 | -19.7% |
| Taxes | 450/3 | €29 | €117 | +€88 | +304.5% |
| Remuneration and social security | 454/9 | €43,868 | €35,123 | -€8,745 | -19.9% |
| Other amounts payable | 47/48 | €37,385 | €7,603 | -€29,782 | -79.7% |
| Accrued charges and deferred income | 492/3 | - | €35 | +€35 | |
| Non-recurring operating income | 76A | €9,112 | €1,363 | -€7,749 | -85.0% |
| Remuneration, social security and pensions | 62 | €347,690 | €306,045 | -€41,644 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,487 | €70,815 | +€328 | +0.5% |
| Other operating charges | 640/8 | €1,268 | €1,469 | +€201 | +15.8% |
| Non-recurring operating charges | 66A | €12,745 | €1,602 | -€11,143 | -87.4% |
| Gross operating margin | 9900 | €501,903 | €443,892 | -€58,011 | -11.6% |
| Operating profit (loss) | 9901 | €69,713 | €63,961 | -€5,752 | -8.3% |
| Financial income | 75/76B | €1,255 | €711 | -€544 | -43.3% |
| Recurring financial income | 75 | €1,255 | €711 | -€544 | -43.3% |
| Financial charges | 65/66B | €27,670 | €24,000 | -€3,670 | -13.3% |
| Recurring financial charges | 65 | €27,670 | €24,000 | -€3,670 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | €43,297 | €40,671 | -€2,626 | -6.1% |
| Income taxes | 67/77 | €14,278 | €15,915 | +€1,638 | +11.5% |
| Profit (loss) for the period | 9904 | €29,020 | €24,756 | -€4,264 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,020 | €24,756 | -€4,264 | -14.7% |
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 6 October 2026 via checked.be.