Epic Immo: 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.
What changed
Epic Immo
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€34,862
2024 · -€113,031+€78,168
Equity
€175,689
2024 · €210,552-€34,862
Cash
€52,415
2024 · €35,654+€16,761
Balance sheet total
€5.2m
2024 · €5.3m-€95,415
Largest movements
Assets
- Receivables within one year -€69,110
down €69,110 (-99.3%), from €69,569 to €458
of which Other amounts receivable: -€65,040
Equity and liabilities
- Debts after one year -€243,023
down €243,023 (-8.2%), from €3.0m to €2.7m
of which Financial debts: -€243,023
- Other debts +€179,784
up €179,784 (+9.6%), from €1.9m to €2.0m
Income statement
- Gross operating margin +€114,967
up €114,967 (+46.7%), from €245,938 to €360,905
- Depreciation +€25,818
up €25,818 (+11.7%), from €221,083 to €246,901
- Financial charges +€6,912
up €6,912 (+6.4%), from €108,555 to €115,466
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
-€113,031
Gross operating margin
+€114,967
Depreciation
-€25,818
Other operating charges
-€2,965
Financial income
-€535
Financial charges
-€6,912
Taxes
-€569
Result 2025
-€34,862
raises the resultlowers the result
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.
From operations
+€452,558
Investment
-€198,150
Financing
-€237,647
Cash 2024
€35,654
From operations (derived)
+€452,558
Net result for the year
-€34,862
Depreciation
+€246,901
Stocks and contracts
-€7,458
Receivables within one year
+€69,110
Deferred charges and accrued income
+€1,773
Trade debts
-€5,936
Tax, wage and social debts
+€11,330
Other debts
+€179,784
Accrued charges and deferred income
-€8,084
Investment (derived)
-€198,150
Investment in fixed assets (net)
-€198,150
Financing
-€237,647
Debts after one year
-€243,023
Current portion of long-term debt
+€5,376
Cash 2025
€52,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,300,169 | €5,204,754 | -€95,415 | -1.8% |
| Fixed assets | 21/28 | €4,562,770 | €4,514,018 | -€48,751 | -1.1% |
| Tangible fixed assets | 22/27 | €4,562,770 | €4,514,018 | -€48,751 | -1.1% |
| Land and buildings | 22 | €4,547,676 | €4,502,560 | -€45,116 | -1.0% |
| Plant, machinery and equipment | 23 | €11,857 | €8,979 | -€2,878 | -24.3% |
| Furniture and vehicles | 24 | €3,237 | €2,479 | -€757 | -23.4% |
| Current assets | 29/58 | €737,400 | €690,736 | -€46,664 | -6.3% |
| Stocks and contracts in progress | 3 | €630,095 | €637,553 | +€7,458 | +1.2% |
| Stocks | 30/36 | €630,095 | €637,553 | +€7,458 | +1.2% |
| Amounts receivable within one year | 40/41 | €69,569 | €458 | -€69,110 | -99.3% |
| Trade receivables | 40 | €4,434 | €364 | -€4,070 | -91.8% |
| Other amounts receivable | 41 | €65,135 | €95 | -€65,040 | -99.9% |
| Cash at bank and in hand | 54/58 | €35,654 | €52,415 | +€16,761 | +47.0% |
| Deferred charges and accrued income | 490/1 | €2,083 | €310 | -€1,773 | -85.1% |
| Total equity and liabilities | 10/49 | €5,300,169 | €5,204,754 | -€95,415 | -1.8% |
| Equity | 10/15 | €210,552 | €175,689 | -€34,862 | -16.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,552 | -€24,311 | -€34,862 | |
| Amounts payable | 17/49 | €5,089,618 | €5,029,065 | -€60,553 | -1.2% |
| Amounts payable after more than one year | 17 | €2,963,200 | €2,720,177 | -€243,023 | -8.2% |
| Financial debts | 170/4 | €2,948,280 | €2,705,257 | -€243,023 | -8.2% |
| Other amounts payable | 178/9 | €14,920 | €14,920 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,115,396 | €2,305,949 | +€190,554 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €237,647 | €243,023 | +€5,376 | +2.3% |
| Trade debts | 44 | €10,767 | €4,832 | -€5,936 | -55.1% |
| Suppliers | 440/4 | €10,767 | €4,832 | -€5,936 | -55.1% |
| Taxes, remuneration and social security | 45 | €1,431 | €12,760 | +€11,330 | +792% |
| Taxes | 450/3 | €1,431 | €12,760 | +€11,330 | +792% |
| Other amounts payable | 47/48 | €1,865,551 | €2,045,335 | +€179,784 | +9.6% |
| Accrued charges and deferred income | 492/3 | €11,022 | €2,939 | -€8,084 | -73.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €221,083 | €246,901 | +€25,818 | +11.7% |
| Other operating charges | 640/8 | €30,615 | €33,581 | +€2,965 | +9.7% |
| Gross operating margin | 9900 | €245,938 | €360,905 | +€114,967 | +46.7% |
| Operating profit (loss) | 9901 | -€5,761 | €80,423 | +€86,184 | |
| Financial income | 75/76B | €716 | €181 | -€535 | -74.7% |
| Recurring financial income | 75 | €716 | €181 | -€535 | -74.7% |
| Financial charges | 65/66B | €108,555 | €115,466 | +€6,912 | +6.4% |
| Recurring financial charges | 65 | €108,555 | €115,466 | +€6,912 | +6.4% |
| Profit (loss) for the period before taxes | 9903 | -€113,600 | -€34,862 | +€78,738 | +69.3% |
| Income taxes | 67/77 | -€569 | - | +€569 | |
| Profit (loss) for the period | 9904 | -€113,031 | -€34,862 | +€78,168 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€113,031 | -€34,862 | +€78,168 | +69.2% |
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 15 October 2026 via checked.be.