EPIC: 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.
EPIC
Largest movements
- Current investments +€100,000
up €100,000 (+117.6%), from €85,000 to €185,000
- Cash +€34,536
up €34,536 (+85.7%), from €40,284 to €74,820
mainly Net result for the year (+€121,149) and Trade debts (+€24,062)
- Receivables within one year +€11,975
up €11,975 (+41.1%), from €29,125 to €41,100
of which Other amounts receivable: +€15,232
- Profit (loss) carried forward +€121,149
up €121,149 (+116.9%), from €103,655 to €224,805
- Trade debts +€24,062
up €24,062 (+483.4%), from €4,978 to €29,040
- Tax, wage and social debts +€4,088
up €4,088 (+9.3%), from €44,145 to €48,232
- Gross operating margin +€26,017
up €26,017 (+19.5%), from €133,192 to €159,209
- Taxes +€6,718
up €6,718 (+23.3%), from €28,800 to €35,518
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 | €155,778 | €305,077 | +€149,299 | +95.8% |
| Fixed assets | 21/28 | €1,169 | €3,957 | +€2,788 | +238.5% |
| Tangible fixed assets | 22/27 | €1,169 | €3,957 | +€2,788 | +238.5% |
| Plant, machinery and equipment | 23 | €1,169 | €610 | -€559 | -47.8% |
| Furniture and vehicles | 24 | - | €3,347 | +€3,347 | |
| Current assets | 29/58 | €154,609 | €301,120 | +€146,511 | +94.8% |
| Amounts receivable within one year | 40/41 | €29,125 | €41,100 | +€11,975 | +41.1% |
| Trade receivables | 40 | €27,457 | €24,200 | -€3,257 | -11.9% |
| Other amounts receivable | 41 | €1,668 | €16,900 | +€15,232 | +913.1% |
| Current investments | 50/53 | €85,000 | €185,000 | +€100,000 | +117.6% |
| Cash at bank and in hand | 54/58 | €40,284 | €74,820 | +€34,536 | +85.7% |
| Deferred charges and accrued income | 490/1 | €200 | €200 | = | 0.0% |
| Total equity and liabilities | 10/49 | €155,778 | €305,077 | +€149,299 | +95.8% |
| Equity | 10/15 | €106,655 | €227,805 | +€121,149 | +113.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,655 | €224,805 | +€121,149 | +116.9% |
| Amounts payable | 17/49 | €49,123 | €77,272 | +€28,150 | +57.3% |
| Amounts payable within one year | 42/48 | €49,123 | €77,272 | +€28,150 | +57.3% |
| Trade debts | 44 | €4,978 | €29,040 | +€24,062 | +483.4% |
| Suppliers | 440/4 | €4,978 | €29,040 | +€24,062 | +483.4% |
| Taxes, remuneration and social security | 45 | €44,145 | €48,232 | +€4,088 | +9.3% |
| Taxes | 450/3 | €44,145 | €48,232 | +€4,088 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €509 | €1,125 | +€617 | +121.2% |
| Other operating charges | 640/8 | €321 | €295 | -€26 | -8.2% |
| Gross operating margin | 9900 | €133,192 | €159,209 | +€26,017 | +19.5% |
| Operating profit (loss) | 9901 | €132,363 | €157,789 | +€25,426 | +19.2% |
| Financial income | 75/76B | €213 | €234 | +€21 | +10.1% |
| Recurring financial income | 75 | €213 | €234 | +€21 | +10.1% |
| Financial charges | 65/66B | €120 | €1,355 | +€1,235 | +1029.4% |
| Recurring financial charges | 65 | €120 | €1,355 | +€1,235 | +1029.4% |
| Profit (loss) for the period before taxes | 9903 | €132,455 | €156,668 | +€24,212 | +18.3% |
| Income taxes | 67/77 | €28,800 | €35,518 | +€6,718 | +23.3% |
| Profit (loss) for the period | 9904 | €103,655 | €121,149 | +€17,494 | +16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €103,655 | €121,149 | +€17,494 | +16.9% |
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 29 September 2026 via checked.be.