EPIC: 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.
EPIC
Largest movements
- Cash -€10,342
down €10,342 (-92.1%), from €11,234 to €892
mainly Net result for the year (-€22,401) and Tax, wage and social debts (-€15,676)
- Receivables within one year -€7,334
down €7,334 (-40.2%), from €18,249 to €10,914
of which Trade receivables: -€10,334
- Deferred charges and accrued income -€4,422
down €4,422 (-81.9%), from €5,402 to €980
- Tangible fixed assets -€1,011
down €1,011 (-5.2%), from €19,523 to €18,512
of which Furniture and vehicles: -€3,116
- Profit (loss) carried forward -€22,401
down €22,401, from €18,190 to -€4,211
- Tax, wage and social debts -€15,676
down €15,676 (-63.4%), from €24,727 to €9,051
of which Taxes: -€18,443
- Other debts +€10,269
up €10,269 (+233%), from €4,411 to €14,680
- Trade debts +€4,699
up €4,699 (+103%), from €4,580 to €9,278
- Gross operating margin -€18,067
down €18,067 (-83.5%), from €21,637 to €3,570
- Staff costs +€9,734
up €9,734 (+90.7%), from €10,733 to €20,467
- Taxes -€4,406
down €4,406 (-100%), from €4,406 to €0
- Depreciation +€2,240
up €2,240 (+89.7%), from €2,496 to €4,735
- Financial charges +€402
up €402 (+738%), from €54 to €456
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 | €54,408 | €31,298 | -€23,109 | -42.5% |
| Fixed assets | 21/28 | €19,523 | €18,512 | -€1,011 | -5.2% |
| Tangible fixed assets | 22/27 | €19,523 | €18,512 | -€1,011 | -5.2% |
| Furniture and vehicles | 24 | €7,086 | €3,970 | -€3,116 | -44.0% |
| Other tangible fixed assets | 26 | €12,437 | €14,542 | +€2,104 | +16.9% |
| Current assets | 29/58 | €34,885 | €12,787 | -€22,098 | -63.3% |
| Amounts receivable within one year | 40/41 | €18,249 | €10,914 | -€7,334 | -40.2% |
| Trade receivables | 40 | €18,249 | €7,914 | -€10,334 | -56.6% |
| Other amounts receivable | 41 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €11,234 | €892 | -€10,342 | -92.1% |
| Deferred charges and accrued income | 490/1 | €5,402 | €980 | -€4,422 | -81.9% |
| Total equity and liabilities | 10/49 | €54,408 | €31,298 | -€23,109 | -42.5% |
| Equity | 10/15 | €20,690 | -€1,711 | -€22,401 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,190 | -€4,211 | -€22,401 | |
| Amounts payable | 17/49 | €33,718 | €33,009 | -€708 | -2.1% |
| Amounts payable within one year | 42/48 | €33,718 | €33,009 | -€708 | -2.1% |
| Trade debts | 44 | €4,580 | €9,278 | +€4,699 | +103% |
| Suppliers | 440/4 | €4,580 | €9,278 | +€4,699 | +103% |
| Taxes, remuneration and social security | 45 | €24,727 | €9,051 | -€15,676 | -63.4% |
| Taxes | 450/3 | €23,622 | €5,179 | -€18,443 | -78.1% |
| Remuneration and social security | 454/9 | €1,105 | €3,872 | +€2,767 | +250% |
| Other amounts payable | 47/48 | €4,411 | €14,680 | +€10,269 | +233% |
| Remuneration, social security and pensions | 62 | €10,733 | €20,467 | +€9,734 | +90.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,496 | €4,735 | +€2,240 | +89.7% |
| Other operating charges | 640/8 | €124 | €313 | +€189 | +153% |
| Gross operating margin | 9900 | €21,637 | €3,570 | -€18,067 | -83.5% |
| Operating profit (loss) | 9901 | €8,285 | -€21,945 | -€30,230 | |
| Financial charges | 65/66B | €54 | €456 | +€402 | +738% |
| Recurring financial charges | 65 | €54 | €456 | +€402 | +738% |
| Profit (loss) for the period before taxes | 9903 | €8,231 | -€22,401 | -€30,632 | |
| Income taxes | 67/77 | €4,406 | €0 | -€4,406 | -100% |
| Profit (loss) for the period | 9904 | €3,824 | -€22,401 | -€26,226 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,824 | -€22,401 | -€26,226 |
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 14 October 2026 via checked.be.