EPIC Agency: 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 Agency
Largest movements
- Receivables within one year -€138,500
down €138,500 (-24.1%), from €574,432 to €435,932
of which Trade receivables: -€160,183
- Tangible fixed assets -€79,683
down €79,683 (-5.8%), from €1.4m to €1.3m
of which Land and buildings: -€46,776
- Cash -€58,383
down €58,383 (-63.2%), from €92,413 to €34,030
mainly Net result for the year (-€233,489) and Tax, wage and social debts (-€124,178)
- Profit (loss) carried forward -€233,489
down €233,489, from €60,676 to -€172,813
- Short-term financial debts +€205,244
up €205,244 (+103%), from €200,000 to €405,244
- Tax, wage and social debts -€124,178
down €124,178 (-41.6%), from €298,642 to €174,464
of which Taxes: -€70,479
- Debts after one year -€61,957
down €61,957 (-9.3%), from €665,341 to €603,383
- Other debts -€24,784
down €24,784 (-31.3%), from €79,074 to €54,290
- Gross operating margin -€486,429
down €486,429 (-26.3%), from €1.8m to €1.4m
- Staff costs -€75,081
down €75,081 (-5.0%), from €1.5m to €1.4m
- Taxes -€42,188
down €42,188 (-92.7%), from €45,505 to €3,317
- Other operating charges -€25,677
down €25,677 (-80.8%), from €31,767 to €6,090
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 | €2,134,237 | €1,857,660 | -€276,578 | -13.0% |
| Fixed assets | 21/28 | €1,443,837 | €1,359,331 | -€84,506 | -5.9% |
| Intangible fixed assets | 21 | €49,102 | €49,019 | -€83 | -0.2% |
| Tangible fixed assets | 22/27 | €1,382,479 | €1,302,796 | -€79,683 | -5.8% |
| Land and buildings | 22 | €1,304,718 | €1,257,942 | -€46,776 | -3.6% |
| Furniture and vehicles | 24 | €77,761 | €44,853 | -€32,908 | -42.3% |
| Financial fixed assets | 28 | €12,256 | €7,516 | -€4,740 | -38.7% |
| Current assets | 29/58 | €690,400 | €498,329 | -€192,071 | -27.8% |
| Amounts receivable within one year | 40/41 | €574,432 | €435,932 | -€138,500 | -24.1% |
| Trade receivables | 40 | €571,953 | €411,770 | -€160,183 | -28.0% |
| Other amounts receivable | 41 | €2,479 | €24,162 | +€21,683 | +875% |
| Cash at bank and in hand | 54/58 | €92,413 | €34,030 | -€58,383 | -63.2% |
| Deferred charges and accrued income | 490/1 | €23,555 | €28,367 | +€4,812 | +20.4% |
| Total equity and liabilities | 10/49 | €2,134,237 | €1,857,660 | -€276,578 | -13.0% |
| Equity | 10/15 | €684,947 | €442,277 | -€242,670 | -35.4% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €373,483 | €373,483 | = | 0.0% |
| Distributable reserves | 133 | €373,483 | €373,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,676 | -€172,813 | -€233,489 | |
| Investment grants | 15 | €238,788 | €229,607 | -€9,181 | -3.8% |
| Provisions and deferred taxes | 16 | €10,000 | €0 | -€10,000 | -100% |
| Provisions for liabilities and charges | 160/5 | €10,000 | €0 | -€10,000 | -100% |
| Other liabilities and charges | 164/5 | €10,000 | €0 | -€10,000 | -100% |
| Amounts payable | 17/49 | €1,439,291 | €1,415,382 | -€23,908 | -1.7% |
| Amounts payable after more than one year | 17 | €665,341 | €603,383 | -€61,957 | -9.3% |
| Financial debts | 170/4 | €665,341 | €603,383 | -€61,957 | -9.3% |
| Amounts payable within one year | 42/48 | €766,508 | €811,999 | +€45,491 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €79,662 | €67,082 | -€12,580 | -15.8% |
| Financial debts | 43 | €200,000 | €405,244 | +€205,244 | +103% |
| Credit institutions | 430/8 | €200,000 | €405,244 | +€205,244 | +103% |
| Trade debts | 44 | €109,130 | €110,366 | +€1,236 | +1.1% |
| Suppliers | 440/4 | €109,130 | €110,366 | +€1,236 | +1.1% |
| Advances received on contracts in progress | 46 | €0 | €553 | +€553 | |
| Taxes, remuneration and social security | 45 | €298,642 | €174,464 | -€124,178 | -41.6% |
| Taxes | 450/3 | €91,238 | €20,759 | -€70,479 | -77.2% |
| Remuneration and social security | 454/9 | €207,404 | €153,705 | -€53,699 | -25.9% |
| Other amounts payable | 47/48 | €79,074 | €54,290 | -€24,784 | -31.3% |
| Accrued charges and deferred income | 492/3 | €7,442 | €0 | -€7,442 | -100% |
| Remuneration, social security and pensions | 62 | €1,516,442 | €1,441,362 | -€75,081 | -5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,949 | €123,266 | -€14,683 | -10.6% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | -€10,000 | -€10,000 | |
| Other operating charges | 640/8 | €31,767 | €6,090 | -€25,677 | -80.8% |
| Non-recurring operating charges | 66A | €324 | €0 | -€324 | -100% |
| Gross operating margin | 9900 | €1,847,205 | €1,360,776 | -€486,429 | -26.3% |
| Operating profit (loss) | 9901 | €160,722 | -€199,941 | -€360,664 | |
| Financial income | 75/76B | €13,191 | €9,537 | -€3,655 | -27.7% |
| Recurring financial income | 75 | €9,222 | €9,537 | +€314 | +3.4% |
| Non-recurring financial income | 76B | €3,969 | €0 | -€3,969 | -100% |
| Financial charges | 65/66B | €37,007 | €39,767 | +€2,759 | +7.5% |
| Recurring financial charges | 65 | €37,007 | €39,767 | +€2,759 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €136,906 | -€230,172 | -€367,078 | |
| Income taxes | 67/77 | €45,505 | €3,317 | -€42,188 | -92.7% |
| Profit (loss) for the period | 9904 | €91,402 | -€233,489 | -€324,890 | |
| Profit (loss) for the period to be appropriated | 9905 | €91,402 | -€233,489 | -€324,890 |
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 25 October 2026 via checked.be.