Epic Frame: what changed
Epic Frame
Largest movements
- Receivables within one year +€65,270
up €65,270 (+73.7%), from €88,537 to €153,807
of which Trade receivables: +€66,375
- Cash -€12,554
down €12,554 (-43.9%), from €28,609 to €16,055
mainly Receivables within one year (-€65,270) and Current portion of long-term debt (-€45,000)
- Financial fixed assets +€3,750
up €3,750 (+382%), from €982 to €4,732
- Tangible fixed assets -€2,695
down €2,695 (-25.4%), from €10,600 to €7,905
of which Plant, machinery and equipment: -€3,186
- Tax, wage and social debts +€70,538
up €70,538 (+34.7%), from €203,431 to €273,970
of which Taxes: +€68,939
- Other debts +€65,689
new in 2025: €65,689
- Current portion of long-term debt -€45,000
no longer reported in 2025 (was €45,000)
- Trade debts -€35,917
down €35,917 (-20.0%), from €179,990 to €144,073
- Profit (loss) carried forward -€4,453
down €4,453 (-1.3%), from -€340,219 to -€344,672
- Gross operating margin +€30,236
up €30,236 (+10.6%), from €284,249 to €314,485
- Staff costs -€11,403
down €11,403 (-3.6%), from €320,210 to €308,807
- Other operating charges -€10,411
no longer reported in 2025 (was €10,411)
- Financial charges -€8,327
down €8,327 (-69.3%), from €12,015 to €3,688
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,948 | €183,970 | +€55,022 | +42.7% |
| Fixed assets | 21/28 | €11,582 | €12,637 | +€1,055 | +9.1% |
| Tangible fixed assets | 22/27 | €10,600 | €7,905 | -€2,695 | -25.4% |
| Plant, machinery and equipment | 23 | €5,408 | €2,222 | -€3,186 | -58.9% |
| Furniture and vehicles | 24 | €5,192 | €5,683 | +€491 | +9.5% |
| Financial fixed assets | 28 | €982 | €4,732 | +€3,750 | +382% |
| Current assets | 29/58 | €117,366 | €171,332 | +€53,967 | +46.0% |
| Amounts receivable within one year | 40/41 | €88,537 | €153,807 | +€65,270 | +73.7% |
| Trade receivables | 40 | €81,841 | €148,216 | +€66,375 | +81.1% |
| Other amounts receivable | 41 | €6,696 | €5,591 | -€1,105 | -16.5% |
| Cash at bank and in hand | 54/58 | €28,609 | €16,055 | -€12,554 | -43.9% |
| Deferred charges and accrued income | 490/1 | €220 | €1,470 | +€1,250 | +568% |
| Total equity and liabilities | 10/49 | €128,948 | €183,970 | +€55,022 | +42.7% |
| Equity | 10/15 | -€299,473 | -€303,926 | -€4,453 | -1.5% |
| Contributions | 10/11 | €12,000 | €12,000 | = | 0.0% |
| Reserves | 13 | €28,745 | €28,745 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €26,745 | €26,745 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€340,219 | -€344,672 | -€4,453 | -1.3% |
| Amounts payable | 17/49 | €428,421 | €487,896 | +€59,475 | +13.9% |
| Amounts payable within one year | 42/48 | €428,421 | €487,896 | +€59,475 | +13.9% |
| Current portion of amounts payable after more than one year | 42 | €45,000 | - | -€45,000 | |
| Financial debts | 43 | - | €4,164 | +€4,164 | |
| Credit institutions | 430/8 | - | €4,164 | +€4,164 | |
| Trade debts | 44 | €179,990 | €144,073 | -€35,917 | -20.0% |
| Suppliers | 440/4 | €179,990 | €144,073 | -€35,917 | -20.0% |
| Taxes, remuneration and social security | 45 | €203,431 | €273,970 | +€70,538 | +34.7% |
| Taxes | 450/3 | €135,074 | €204,012 | +€68,939 | +51.0% |
| Remuneration and social security | 454/9 | €68,358 | €69,957 | +€1,600 | +2.3% |
| Other amounts payable | 47/48 | - | €65,689 | +€65,689 | |
| Remuneration, social security and pensions | 62 | €320,210 | €308,807 | -€11,403 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,724 | €6,498 | +€1,774 | +37.5% |
| Other operating charges | 640/8 | €10,411 | - | -€10,411 | |
| Gross operating margin | 9900 | €284,249 | €314,485 | +€30,236 | +10.6% |
| Operating profit (loss) | 9901 | -€51,096 | -€820 | +€50,276 | +98.4% |
| Financial income | 75/76B | €0 | €11 | +€10 | +2,911% |
| Recurring financial income | 75 | €0 | €11 | +€10 | +2,911% |
| Financial charges | 65/66B | €12,015 | €3,688 | -€8,327 | -69.3% |
| Recurring financial charges | 65 | €12,015 | €3,688 | -€8,327 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | -€63,111 | -€4,498 | +€58,613 | +92.9% |
| Income taxes | 67/77 | €216 | €171 | -€45 | -20.8% |
| Profit (loss) for the period | 9904 | -€63,327 | -€4,669 | +€58,658 | +92.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,327 | -€4,669 | +€58,658 | +92.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.