EPICT: 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.
EPICT
Largest movements
- Receivables within one year +€171,080
up €171,080 (+161.1%), from €106,185 to €277,266
of which Trade receivables: +€184,548
- Current investments -€75,443
down €75,443 (-49.3%), from €153,017 to €77,574
- Cash -€75,106
down €75,106 (-21.1%), from €356,231 to €281,125
mainly Contributions, distributions and other (-€619,032) and Receivables within one year (-€171,080)
- Reserves -€260,641
down €260,641 (-57.3%), from €455,161 to €194,520
- Other debts +€255,279
up €255,279 (+1133.1%), from €22,529 to €277,808
- Trade debts +€49,987
up €49,987 (+67.1%), from €74,502 to €124,489
- Tax, wage and social debts -€25,500
down €25,500 (-49.4%), from €51,664 to €26,164
- Gross operating margin +€70,325
up €70,325 (+17.4%), from €404,872 to €475,198
- Taxes +€22,896
up €22,896 (+23.8%), from €96,217 to €119,113
- Financial income -€8,173
down €8,173 (-53.2%), from €15,355 to €7,182
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.
Cash bridge derived
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 | €623,078 | €642,054 | +€18,975 | +3.0% |
| Fixed assets | 21/28 | €7,645 | €6,089 | -€1,556 | -20.3% |
| Tangible fixed assets | 22/27 | €7,645 | €6,089 | -€1,556 | -20.3% |
| Plant, machinery and equipment | 23 | €1,513 | €1,137 | -€375 | -24.8% |
| Furniture and vehicles | 24 | €1,952 | €1,008 | -€944 | -48.3% |
| Other tangible fixed assets | 26 | €4,180 | €3,943 | -€237 | -5.7% |
| Current assets | 29/58 | €615,433 | €635,964 | +€20,531 | +3.3% |
| Amounts receivable within one year | 40/41 | €106,185 | €277,266 | +€171,080 | +161.1% |
| Trade receivables | 40 | €92,218 | €276,766 | +€184,548 | +200.1% |
| Other amounts receivable | 41 | €13,968 | €500 | -€13,468 | -96.4% |
| Current investments | 50/53 | €153,017 | €77,574 | -€75,443 | -49.3% |
| Cash at bank and in hand | 54/58 | €356,231 | €281,125 | -€75,106 | -21.1% |
| Total equity and liabilities | 10/49 | €623,078 | €642,054 | +€18,975 | +3.0% |
| Equity | 10/15 | €473,761 | €213,120 | -€260,641 | -55.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €455,161 | €194,520 | -€260,641 | -57.3% |
| Distributable reserves | 133 | €455,161 | €194,520 | -€260,641 | -57.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €149,317 | €428,934 | +€279,617 | +187.3% |
| Amounts payable within one year | 42/48 | €149,317 | €428,934 | +€279,617 | +187.3% |
| Financial debts | 43 | €622 | €472 | -€150 | -24.0% |
| Credit institutions | 430/8 | €622 | €472 | -€150 | -24.0% |
| Trade debts | 44 | €74,502 | €124,489 | +€49,987 | +67.1% |
| Suppliers | 440/4 | €74,502 | €124,489 | +€49,987 | +67.1% |
| Taxes, remuneration and social security | 45 | €51,664 | €26,164 | -€25,500 | -49.4% |
| Taxes | 450/3 | €51,664 | €26,164 | -€25,500 | -49.4% |
| Other amounts payable | 47/48 | €22,529 | €277,808 | +€255,279 | +1133.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,628 | €2,712 | +€84 | +3.2% |
| Other operating charges | 640/8 | €406 | €490 | +€84 | +20.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €404,872 | €475,198 | +€70,325 | +17.4% |
| Operating profit (loss) | 9901 | €401,839 | €471,996 | +€70,157 | +17.5% |
| Financial income | 75/76B | €15,355 | €7,182 | -€8,173 | -53.2% |
| Recurring financial income | 75 | €15,355 | €7,182 | -€8,173 | -53.2% |
| Financial charges | 65/66B | €1,944 | €1,673 | -€271 | -13.9% |
| Recurring financial charges | 65 | €1,944 | €1,673 | -€271 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €415,249 | €477,504 | +€62,255 | +15.0% |
| Income taxes | 67/77 | €96,217 | €119,113 | +€22,896 | +23.8% |
| Profit (loss) for the period | 9904 | €319,032 | €358,391 | +€39,359 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €319,032 | €358,391 | +€39,359 | +12.3% |
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 10 October 2026 via checked.be.