EPICOEUR: what changed
Two fiscal 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.
EPICOEUR
Largest movements
- Cash +€51,507
up €51,507 (+273.6%), from €18,828 to €70,335
mainly Accrued charges and deferred income (+€41,292) and Tax, wage and social debts (+€8,469)
- Receivables within one year +€13,430
up €13,430 (+14.1%), from €94,939 to €108,369
of which Other amounts receivable: +€13,950
- Accrued charges and deferred income +€41,292
up €41,292 (+50.7%), from €81,420 to €122,712
- Tax, wage and social debts +€8,469
up €8,469 (+151.7%), from €5,581 to €14,050
of which Remuneration and social security: +€10,392
- Profit (loss) carried forward +€7,246
up €7,246 (+74.5%), from €9,732 to €16,979
- Trade debts +€4,814
up €4,814 (+41.3%), from €11,662 to €16,476
- Staff costs +€29,473
up €29,473 (+108.5%), from €27,163 to €56,637
- Gross operating margin +€23,488
up €23,488 (+56.8%), from €41,378 to €64,866
- Taxes -€3,134
down €3,134, from €2,452 to -€682
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,153 | €181,324 | +€64,170 | +54.8% |
| Fixed assets | 21/28 | €3,295 | €2,109 | -€1,187 | -36.0% |
| Tangible fixed assets | 22/27 | €2,995 | €1,809 | -€1,187 | -39.6% |
| Furniture and vehicles | 24 | €2,995 | €1,809 | -€1,187 | -39.6% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €113,858 | €179,215 | +€65,357 | +57.4% |
| Amounts receivable within one year | 40/41 | €94,939 | €108,369 | +€13,430 | +14.1% |
| Trade receivables | 40 | €931 | €411 | -€520 | -55.9% |
| Other amounts receivable | 41 | €94,008 | €107,958 | +€13,950 | +14.8% |
| Cash at bank and in hand | 54/58 | €18,828 | €70,335 | +€51,507 | +273.6% |
| Deferred charges and accrued income | 490/1 | €91 | €511 | +€420 | +462.4% |
| Total equity and liabilities | 10/49 | €117,153 | €181,324 | +€64,170 | +54.8% |
| Equity | 10/15 | €17,982 | €25,879 | +€7,896 | +43.9% |
| Contributions | 10/11 | €8,250 | €8,900 | +€650 | +7.9% |
| Profit (loss) carried forward | 14 | €9,732 | €16,979 | +€7,246 | +74.5% |
| Amounts payable | 17/49 | €99,171 | €155,445 | +€56,274 | +56.7% |
| Amounts payable within one year | 42/48 | €17,751 | €32,733 | +€14,982 | +84.4% |
| Trade debts | 44 | €11,662 | €16,476 | +€4,814 | +41.3% |
| Suppliers | 440/4 | €11,662 | €16,476 | +€4,814 | +41.3% |
| Taxes, remuneration and social security | 45 | €5,581 | €14,050 | +€8,469 | +151.7% |
| Taxes | 450/3 | €3,718 | €1,795 | -€1,923 | -51.7% |
| Remuneration and social security | 454/9 | €1,863 | €12,255 | +€10,392 | +557.8% |
| Other amounts payable | 47/48 | €508 | €2,207 | +€1,699 | +334.8% |
| Accrued charges and deferred income | 492/3 | €81,420 | €122,712 | +€41,292 | +50.7% |
| Remuneration, social security and pensions | 62 | €27,163 | €56,637 | +€29,473 | +108.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565 | €1,187 | +€622 | +110.2% |
| Other operating charges | 640/8 | €798 | €403 | -€394 | -49.4% |
| Non-recurring operating charges | 66A | €576 | - | -€576 | |
| Gross operating margin | 9900 | €41,378 | €64,866 | +€23,488 | +56.8% |
| Operating profit (loss) | 9901 | €12,276 | €6,639 | -€5,637 | -45.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €91 | €75 | -€16 | -17.8% |
| Recurring financial charges | 65 | €91 | €75 | -€16 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €12,185 | €6,564 | -€5,621 | -46.1% |
| Income taxes | 67/77 | €2,452 | -€682 | -€3,134 | |
| Profit (loss) for the period | 9904 | €9,732 | €7,246 | -€2,486 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,732 | €7,246 | -€2,486 | -25.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.