Epic Invest: what changed
What changed
Epic Invest
NACE 47.632, Retail sale of bicycles
filed annual accounts (NBB)
Net result for the year
€17,321
2024 · -€13,996+€31,318
Equity
€20,983
2024 · -€26,339+€47,321
Cash
€7,437
2024 · €6,536+€901
Balance sheet total
€118,527
2024 · €67,495+€51,032
Largest movements
Assets
- Tangible fixed assets +€35,300
up €35,300 (+242%), from €14,614 to €49,914
of which Furniture and vehicles: +€34,043
- Receivables within one year +€21,107
up €21,107 (+136%), from €15,567 to €36,673
of which Trade receivables: +€13,928
- Stocks and contracts -€6,139
down €6,139 (-20.2%), from €30,456 to €24,318
Equity and liabilities
- Other debts -€47,626
no longer reported in 2025 (was €47,626)
- Contributions +€30,000
up €30,000 (+242%), from €12,400 to €42,400
- Debts after one year +€25,720
new in 2025: €25,720
- Profit (loss) carried forward +€17,321
up €17,321 (+44.7%), from -€38,739 to -€21,417
- Advances received +€13,975
new in 2025: €13,975
Income statement
- Gross operating margin +€39,619
up €39,619, from -€6,969 to €32,650
- Staff costs +€4,734
new in 2025: €4,734
- Depreciation +€1,201
up €1,201 (+20.4%), from €5,898 to €7,100
- Other operating charges +€1,141
up €1,141 (+125%), from €916 to €2,058
- Financial charges +€1,081
up €1,081 (+280%), from €386 to €1,467
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.
Result 2024
-€13,996
Gross operating margin
+€39,619
Staff costs
-€4,734
Depreciation
-€1,201
Other operating charges
-€1,141
Financial income
-€143
Financial charges
-€1,081
Result 2025
€17,321
raises the resultlowers the result
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.
From operations
-€17,853
Investment
-€42,400
Financing
+€61,154
Cash 2024
€6,536
From operations (derived)
-€17,853
Net result for the year
+€17,321
Depreciation
+€7,100
Stocks and contracts
+€6,139
Receivables within one year
-€21,107
Deferred charges and accrued income
+€137
Trade debts
-€7,150
Tax, wage and social debts
+€13,357
Advances received
+€13,975
Other debts
-€47,626
Investment (derived)
-€42,400
Investment in fixed assets (net)
-€42,400
Financing
+€61,154
Debts after one year
+€25,720
Current portion of long-term debt
+€5,435
Contributions, distributions and other
+€30,000
Cash 2025
€7,437
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,495 | €118,527 | +€51,032 | +75.6% |
| Fixed assets | 21/28 | €14,614 | €49,914 | +€35,300 | +242% |
| Tangible fixed assets | 22/27 | €14,614 | €49,914 | +€35,300 | +242% |
| Plant, machinery and equipment | 23 | €2,334 | €4,078 | +€1,743 | +74.7% |
| Furniture and vehicles | 24 | €10,597 | €44,640 | +€34,043 | +321% |
| Other tangible fixed assets | 26 | €1,683 | €1,196 | -€487 | -28.9% |
| Current assets | 29/58 | €52,881 | €68,613 | +€15,732 | +29.7% |
| Stocks and contracts in progress | 3 | €30,456 | €24,318 | -€6,139 | -20.2% |
| Stocks | 30/36 | €30,456 | €24,318 | -€6,139 | -20.2% |
| Amounts receivable within one year | 40/41 | €15,567 | €36,673 | +€21,107 | +136% |
| Trade receivables | 40 | €10,963 | €24,891 | +€13,928 | +127% |
| Other amounts receivable | 41 | €4,604 | €11,783 | +€7,179 | +156% |
| Cash at bank and in hand | 54/58 | €6,536 | €7,437 | +€901 | +13.8% |
| Deferred charges and accrued income | 490/1 | €321 | €184 | -€137 | -42.6% |
| Total equity and liabilities | 10/49 | €67,495 | €118,527 | +€51,032 | +75.6% |
| Equity | 10/15 | -€26,339 | €20,983 | +€47,321 | |
| Contributions | 10/11 | €12,400 | €42,400 | +€30,000 | +242% |
| Profit (loss) carried forward | 14 | -€38,739 | -€21,417 | +€17,321 | +44.7% |
| Amounts payable | 17/49 | €93,834 | €97,544 | +€3,710 | +4.0% |
| Amounts payable after more than one year | 17 | - | €25,720 | +€25,720 | |
| Financial debts | 170/4 | - | €25,720 | +€25,720 | |
| Amounts payable within one year | 42/48 | €93,834 | €71,825 | -€22,009 | -23.5% |
| Current portion of amounts payable after more than one year | 42 | €7,260 | €12,694 | +€5,435 | +74.9% |
| Trade debts | 44 | €29,316 | €22,166 | -€7,150 | -24.4% |
| Suppliers | 440/4 | €29,316 | €22,166 | -€7,150 | -24.4% |
| Advances received on contracts in progress | 46 | - | €13,975 | +€13,975 | |
| Taxes, remuneration and social security | 45 | €9,632 | €22,989 | +€13,357 | +139% |
| Taxes | 450/3 | €9,632 | €22,936 | +€13,304 | +138% |
| Remuneration and social security | 454/9 | - | €53 | +€53 | |
| Other amounts payable | 47/48 | €47,626 | - | -€47,626 | |
| Non-recurring operating income | 76A | €6,422 | - | -€6,422 | |
| Remuneration, social security and pensions | 62 | - | €4,734 | +€4,734 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,898 | €7,100 | +€1,201 | +20.4% |
| Other operating charges | 640/8 | €916 | €2,058 | +€1,141 | +125% |
| Gross operating margin | 9900 | -€6,969 | €32,650 | +€39,619 | |
| Operating profit (loss) | 9901 | -€13,784 | €18,758 | +€32,542 | |
| Financial income | 75/76B | €174 | €30 | -€143 | -82.5% |
| Recurring financial income | 75 | €174 | €30 | -€143 | -82.5% |
| Financial charges | 65/66B | €386 | €1,467 | +€1,081 | +280% |
| Recurring financial charges | 65 | €386 | €1,467 | +€1,081 | +280% |
| Profit (loss) for the period before taxes | 9903 | -€13,996 | €17,321 | +€31,318 | |
| Profit (loss) for the period | 9904 | -€13,996 | €17,321 | +€31,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,996 | €17,321 | +€31,318 |
Next steps
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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 4 November 2026 via checked.be.