EPICUREAN: 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.
EPICUREAN
Largest movements
- Tangible fixed assets -€19,996
down €19,996 (-25.4%), from €78,766 to €58,770
- Cash +€2,720
up €2,720 (+5.9%), from €45,728 to €48,448
mainly Depreciation (+€23,478) and Net result for the year (+€6,211)
- Receivables within one year +€1,684
new in 2025: €1,684
- Deferred charges and accrued income -€1,517
no longer reported in 2025 (was €1,517)
- Debts after one year -€14,831
down €14,831 (-40.6%), from €36,499 to €21,667
- Other debts -€6,000
down €6,000 (-35.6%), from €16,833 to €10,833
- Reserves +€5,378
up €5,378 (+20.2%), from €26,648 to €32,027
- Gross operating margin -€3,634
down €3,634 (-8.8%), from €41,225 to €37,591
- Financial charges -€1,192
down €1,192 (-22.2%), from €5,371 to €4,179
- Other operating charges -€685
down €685 (-25.4%), from €2,694 to €2,009
- Depreciation +€656
up €656 (+2.9%), from €22,822 to €23,478
- Taxes +€597
up €597 (+53.4%), from €1,117 to €1,714
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 | €131,408 | €115,466 | -€15,942 | -12.1% |
| Fixed assets | 21/28 | €78,766 | €58,770 | -€19,996 | -25.4% |
| Tangible fixed assets | 22/27 | €78,766 | €58,770 | -€19,996 | -25.4% |
| Land and buildings | 22 | €23,952 | €15,948 | -€8,004 | -33.4% |
| Plant, machinery and equipment | 23 | €27,673 | €22,466 | -€5,206 | -18.8% |
| Furniture and vehicles | 24 | €27,141 | €20,356 | -€6,785 | -25.0% |
| Current assets | 29/58 | €52,642 | €56,695 | +€4,053 | +7.7% |
| Stocks and contracts in progress | 3 | €5,397 | €6,563 | +€1,166 | +21.6% |
| Stocks | 30/36 | €5,397 | €6,563 | +€1,166 | +21.6% |
| Amounts receivable within one year | 40/41 | - | €1,684 | +€1,684 | |
| Trade receivables | 40 | - | €1,684 | +€1,684 | |
| Cash at bank and in hand | 54/58 | €45,728 | €48,448 | +€2,720 | +5.9% |
| Deferred charges and accrued income | 490/1 | €1,517 | - | -€1,517 | |
| Total equity and liabilities | 10/49 | €131,408 | €115,466 | -€15,942 | -12.1% |
| Equity | 10/15 | €45,398 | €50,777 | +€5,378 | +11.8% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €26,648 | €32,027 | +€5,378 | +20.2% |
| Distributable reserves | 133 | €26,648 | €32,027 | +€5,378 | +20.2% |
| Amounts payable | 17/49 | €86,010 | €64,689 | -€21,321 | -24.8% |
| Amounts payable after more than one year | 17 | €36,499 | €21,667 | -€14,831 | -40.6% |
| Financial debts | 170/4 | €36,499 | €21,667 | -€14,831 | -40.6% |
| Amounts payable within one year | 42/48 | €48,709 | €42,314 | -€6,395 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €15,056 | €15,635 | +€579 | +3.8% |
| Trade debts | 44 | €6,139 | €5,658 | -€482 | -7.8% |
| Suppliers | 440/4 | €6,139 | €5,658 | -€482 | -7.8% |
| Taxes, remuneration and social security | 45 | €10,680 | €10,188 | -€492 | -4.6% |
| Taxes | 450/3 | €7,930 | €4,188 | -€3,742 | -47.2% |
| Remuneration and social security | 454/9 | €2,750 | €6,000 | +€3,250 | +118.2% |
| Other amounts payable | 47/48 | €16,833 | €10,833 | -€6,000 | -35.6% |
| Accrued charges and deferred income | 492/3 | €802 | €708 | -€94 | -11.7% |
| Non-recurring operating income | 76A | - | €11,312 | +€11,312 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,822 | €23,478 | +€656 | +2.9% |
| Other operating charges | 640/8 | €2,694 | €2,009 | -€685 | -25.4% |
| Gross operating margin | 9900 | €41,225 | €37,591 | -€3,634 | -8.8% |
| Operating profit (loss) | 9901 | €15,710 | €12,104 | -€3,605 | -23.0% |
| Financial charges | 65/66B | €5,371 | €4,179 | -€1,192 | -22.2% |
| Recurring financial charges | 65 | €5,371 | €4,179 | -€1,192 | -22.2% |
| Profit (loss) for the period before taxes | 9903 | €10,338 | €7,925 | -€2,413 | -23.3% |
| Income taxes | 67/77 | €1,117 | €1,714 | +€597 | +53.4% |
| Profit (loss) for the period | 9904 | €9,221 | €6,211 | -€3,010 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,221 | €6,211 | -€3,010 | -32.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.