EPICURIO: 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.
EPICURIO
Largest movements
- Cash -€64,413
down €64,413 (-58.4%), from €110,319 to €45,906
mainly Receivables within one year (-€28,380) and Net result for the year (-€25,278)
- Receivables within one year +€28,380
up €28,380 (+173.3%), from €16,375 to €44,755
of which Trade receivables: +€28,249
- Deferred charges and accrued income +€6,079
up €6,079 (+250.7%), from €2,424 to €8,503
- Tangible fixed assets -€1,476
down €1,476 (-14.3%), from €10,297 to €8,821
of which Furniture and vehicles: -€2,350
- Reserves -€25,278
down €25,278 (-25.0%), from €101,119 to €75,841
- Trade debts +€11,638
up €11,638 (+299.3%), from €3,888 to €15,526
- Tax, wage and social debts -€11,240
down €11,240 (-40.5%), from €27,757 to €16,517
- Other debts -€6,550
down €6,550 (-100.0%), from €6,550 to €0
- Gross operating margin -€80,719
down €80,719, from €59,673 to -€21,046
- Taxes -€12,653
down €12,653 (-98.0%), from €12,915 to €262
- Depreciation +€2,230
up €2,230 (+194.1%), from €1,149 to €3,379
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 | €139,415 | €107,984 | -€31,430 | -22.5% |
| Fixed assets | 21/28 | €10,297 | €8,821 | -€1,476 | -14.3% |
| Tangible fixed assets | 22/27 | €10,297 | €8,821 | -€1,476 | -14.3% |
| Plant, machinery and equipment | 23 | €721 | €1,595 | +€874 | +121.2% |
| Furniture and vehicles | 24 | €9,576 | €7,226 | -€2,350 | -24.5% |
| Current assets | 29/58 | €129,118 | €99,163 | -€29,954 | -23.2% |
| Amounts receivable within one year | 40/41 | €16,375 | €44,755 | +€28,380 | +173.3% |
| Trade receivables | 40 | €15,989 | €44,238 | +€28,249 | +176.7% |
| Other amounts receivable | 41 | €385 | €517 | +€132 | +34.2% |
| Cash at bank and in hand | 54/58 | €110,319 | €45,906 | -€64,413 | -58.4% |
| Deferred charges and accrued income | 490/1 | €2,424 | €8,503 | +€6,079 | +250.7% |
| Total equity and liabilities | 10/49 | €139,415 | €107,984 | -€31,430 | -22.5% |
| Equity | 10/15 | €101,219 | €75,941 | -€25,278 | -25.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €101,119 | €75,841 | -€25,278 | -25.0% |
| Distributable reserves | 133 | €101,119 | €75,841 | -€25,278 | -25.0% |
| Amounts payable | 17/49 | €38,196 | €32,044 | -€6,152 | -16.1% |
| Amounts payable within one year | 42/48 | €38,196 | €32,044 | -€6,152 | -16.1% |
| Trade debts | 44 | €3,888 | €15,526 | +€11,638 | +299.3% |
| Suppliers | 440/4 | €3,888 | €15,526 | +€11,638 | +299.3% |
| Taxes, remuneration and social security | 45 | €27,757 | €16,517 | -€11,240 | -40.5% |
| Taxes | 450/3 | €27,757 | €16,517 | -€11,240 | -40.5% |
| Other amounts payable | 47/48 | €6,550 | €0 | -€6,550 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,149 | €3,379 | +€2,230 | +194.1% |
| Other operating charges | 640/8 | €118 | €520 | +€402 | +340.4% |
| Gross operating margin | 9900 | €59,673 | -€21,046 | -€80,719 | |
| Operating profit (loss) | 9901 | €58,406 | -€24,945 | -€83,351 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €306 | €72 | -€234 | -76.4% |
| Recurring financial charges | 65 | €306 | €72 | -€234 | -76.4% |
| Profit (loss) for the period before taxes | 9903 | €58,100 | -€25,016 | -€83,116 | |
| Income taxes | 67/77 | €12,915 | €262 | -€12,653 | -98.0% |
| Profit (loss) for the period | 9904 | €45,185 | -€25,278 | -€70,463 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,185 | -€25,278 | -€70,463 |
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 12 October 2026 via checked.be.