Epicause: 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.
Epicause
Largest movements
- Receivables within one year +€40,754
up €40,754 (+133%), from €30,745 to €71,499
of which Other amounts receivable: +€34,704
- Tangible fixed assets +€3,135
new in 2025: €3,135
- Reserves +€33,985
up €33,985 (+190%), from €17,929 to €51,915
- Tax, wage and social debts +€8,810
up €8,810 (+116%), from €7,591 to €16,401
- Trade debts +€1,087
up €1,087 (+82.8%), from €1,313 to €2,399
- Gross operating margin +€20,182
up €20,182 (+90.6%), from €22,265 to €42,448
- Taxes +€4,531
up €4,531 (+101%), from €4,482 to €9,013
- Financial income +€1,482
up €1,482 (+190%), from €780 to €2,262
- Depreciation +€1,046
new in 2025: €1,046
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 | €30,833 | €74,715 | +€43,882 | +142% |
| Fixed assets | 21/28 | - | €3,135 | +€3,135 | |
| Tangible fixed assets | 22/27 | - | €3,135 | +€3,135 | |
| Furniture and vehicles | 24 | - | €3,135 | +€3,135 | |
| Current assets | 29/58 | €30,833 | €71,580 | +€40,746 | +132% |
| Amounts receivable within one year | 40/41 | €30,745 | €71,499 | +€40,754 | +133% |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Other amounts receivable | 41 | €30,745 | €65,449 | +€34,704 | +113% |
| Cash at bank and in hand | 54/58 | €88 | €80 | -€8 | -8.8% |
| Total equity and liabilities | 10/49 | €30,833 | €74,715 | +€43,882 | +142% |
| Equity | 10/15 | €21,929 | €55,915 | +€33,985 | +155% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €17,929 | €51,915 | +€33,985 | +190% |
| Distributable reserves | 133 | €17,929 | €51,915 | +€33,985 | +190% |
| Amounts payable | 17/49 | €8,904 | €18,800 | +€9,896 | +111% |
| Amounts payable within one year | 42/48 | €8,904 | €18,800 | +€9,896 | +111% |
| Trade debts | 44 | €1,313 | €2,399 | +€1,087 | +82.8% |
| Suppliers | 440/4 | €1,313 | €2,399 | +€1,087 | +82.8% |
| Taxes, remuneration and social security | 45 | €7,591 | €16,401 | +€8,810 | +116% |
| Taxes | 450/3 | €7,591 | €16,401 | +€8,810 | +116% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,046 | +€1,046 | |
| Other operating charges | 640/8 | €537 | €400 | -€138 | -25.6% |
| Gross operating margin | 9900 | €22,265 | €42,448 | +€20,182 | +90.6% |
| Operating profit (loss) | 9901 | €21,728 | €41,002 | +€19,274 | +88.7% |
| Financial income | 75/76B | €780 | €2,262 | +€1,482 | +190% |
| Recurring financial income | 75 | €780 | €2,262 | +€1,482 | +190% |
| Financial charges | 65/66B | €96 | €266 | +€169 | +175% |
| Recurring financial charges | 65 | €96 | €266 | +€169 | +175% |
| Profit (loss) for the period before taxes | 9903 | €22,412 | €42,998 | +€20,587 | +91.9% |
| Income taxes | 67/77 | €4,482 | €9,013 | +€4,531 | +101% |
| Profit (loss) for the period | 9904 | €17,929 | €33,985 | +€16,056 | +89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,929 | €33,985 | +€16,056 | +89.6% |
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 14 October 2026 via checked.be.