Epicuris: 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.
Epicuris
Largest movements
- Receivables within one year -€435,989
down €435,989 (-37.7%), from €1.2m to €719,128
of which Trade receivables: -€436,506
- Cash +€324,904
up €324,904 (+8.1%), from €4.0m to €4.3m
mainly Advances received (+€438,102) and Receivables within one year (+€435,989)
- Tangible fixed assets -€208,138
down €208,138 (-50.5%), from €412,012 to €203,874
of which Plant, machinery and equipment: -€202,682
- Advances received +€438,102
up €438,102 (+40.9%), from €1.1m to €1.5m
- Trade debts -€339,120
down €339,120 (-52.9%), from €641,649 to €302,529
- Profit (loss) carried forward -€224,064
down €224,064, from €168,995 to -€55,069
- Investment grants -€174,352
down €174,352 (-16.6%), from €1.0m to €875,452
- Reserves -€62,000
down €62,000 (-2.8%), from €2.2m to €2.1m
- Purchases and services -€472,170
down €472,170 (-20.2%), from €2.3m to €1.9m
- Gross operating margin -€402,684
down €402,684 (-26.2%), from €1.5m to €1.1m
- Turnover +€49,954
up €49,954 (+43.7%), from €114,229 to €164,183
- Depreciation -€23,631
down €23,631 (-9.8%), from €240,521 to €216,890
- Staff costs +€20,735
up €20,735 (+1.8%), from €1.1m to €1.2m
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 | €5,585,161 | €5,268,633 | -€316,528 | -5.7% |
| Fixed assets | 21/28 | €412,012 | €203,874 | -€208,138 | -50.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €412,012 | €203,874 | -€208,138 | -50.5% |
| Plant, machinery and equipment | 23 | €403,412 | €200,730 | -€202,682 | -50.2% |
| Furniture and vehicles | 24 | €8,600 | €3,144 | -€5,456 | -63.4% |
| Current assets | 29/58 | €5,173,149 | €5,064,759 | -€108,390 | -2.1% |
| Stocks and contracts in progress | 3 | €7,652 | €2,131 | -€5,521 | -72.2% |
| Stocks | 30/36 | €7,652 | €2,131 | -€5,521 | -72.2% |
| Amounts receivable within one year | 40/41 | €1,155,117 | €719,128 | -€435,989 | -37.7% |
| Trade receivables | 40 | €1,151,013 | €714,507 | -€436,506 | -37.9% |
| Other amounts receivable | 41 | €4,104 | €4,621 | +€517 | +12.6% |
| Cash at bank and in hand | 54/58 | €4,000,040 | €4,324,944 | +€324,904 | +8.1% |
| Deferred charges and accrued income | 490/1 | €10,340 | €18,556 | +€8,216 | +79.5% |
| Total equity and liabilities | 10/49 | €5,585,161 | €5,268,633 | -€316,528 | -5.7% |
| Equity | 10/15 | €3,401,499 | €2,941,083 | -€460,416 | -13.5% |
| Reserves | 13 | €2,182,700 | €2,120,700 | -€62,000 | -2.8% |
| Profit (loss) carried forward | 14 | €168,995 | -€55,069 | -€224,064 | |
| Investment grants | 15 | €1,049,804 | €875,452 | -€174,352 | -16.6% |
| Provisions and deferred taxes | 16 | €266,567 | €308,754 | +€42,187 | +15.8% |
| Amounts payable | 17/49 | €1,917,095 | €2,018,796 | +€101,701 | +5.3% |
| Amounts payable within one year | 42/48 | €1,888,502 | €1,978,149 | +€89,647 | +4.7% |
| Trade debts | 44 | €641,649 | €302,529 | -€339,120 | -52.9% |
| Suppliers | 440/4 | €641,649 | €302,529 | -€339,120 | -52.9% |
| Advances received on contracts in progress | 46 | €1,071,197 | €1,509,299 | +€438,102 | +40.9% |
| Taxes, remuneration and social security | 45 | €175,656 | €166,321 | -€9,335 | -5.3% |
| Taxes | 450/3 | €22,543 | €31,175 | +€8,632 | +38.3% |
| Remuneration and social security | 454/9 | €153,113 | €135,146 | -€17,967 | -11.7% |
| Accrued charges and deferred income | 492/3 | €28,593 | €40,647 | +€12,054 | +42.2% |
| Turnover | 70 | €114,229 | €164,183 | +€49,954 | +43.7% |
| Membership fees, donations, legacies and grants | 73 | €3,730,840 | €2,808,039 | -€922,801 | -24.7% |
| Non-recurring operating income | 76A | - | €5,000 | +€5,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,343,242 | €1,871,072 | -€472,170 | -20.2% |
| Remuneration, social security and pensions | 62 | €1,146,089 | €1,166,824 | +€20,735 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €240,521 | €216,890 | -€23,631 | -9.8% |
| Gross operating margin | 9900 | €1,539,058 | €1,136,374 | -€402,684 | -26.2% |
| Operating profit (loss) | 9901 | €377,245 | -€289,528 | -€666,773 | |
| Financial income | 75/76B | €9,207 | €7,613 | -€1,594 | -17.3% |
| Recurring financial income | 75 | €9,207 | €7,613 | -€1,594 | -17.3% |
| Financial charges | 65/66B | €385 | €678 | +€293 | +76.1% |
| Recurring financial charges | 65 | €385 | €678 | +€293 | +76.1% |
| Profit (loss) for the period before taxes | 9903 | €386,067 | -€282,593 | -€668,660 | |
| Income taxes | 67/77 | €3,147 | €3,471 | +€324 | +10.3% |
| Profit (loss) for the period | 9904 | €382,920 | -€286,064 | -€668,984 | |
| Profit (loss) for the period to be appropriated | 9905 | €382,920 | -€286,064 | -€668,984 |
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 20 October 2026 via checked.be.