EPICURUS CONSTRUCT: 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.
EPICURUS CONSTRUCT
Largest movements
- Tangible fixed assets +€97,842
up €97,842 (+43.5%), from €225,134 to €322,976
of which Land and buildings: +€57,633
- Receivables within one year +€13,674
up €13,674 (+3.7%), from €366,571 to €380,244
of which Trade receivables: +€9,977
- Other debts +€65,165
up €65,165 (+29.7%), from €219,380 to €284,546
- Trade debts +€31,959
up €31,959 (+54.7%), from €58,461 to €90,421
- Current portion of long-term debt +€25,952
up €25,952 (+320.2%), from €8,105 to €34,057
- Tax, wage and social debts -€13,649
down €13,649 (-42.2%), from €32,306 to €18,657
of which Taxes: -€13,649
- Gross operating margin -€78,736
down €78,736 (-93.0%), from €84,673 to €5,937
- Depreciation -€25,279
down €25,279 (-100.0%), from €25,279 to €0
- Taxes -€15,713
down €15,713 (-95.4%), from €16,465 to €752
- Financial charges -€2,394
down €2,394 (-21.9%), from €10,918 to €8,524
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 | €597,625 | €706,067 | +€108,441 | +18.1% |
| Fixed assets | 21/28 | €225,134 | €322,976 | +€97,842 | +43.5% |
| Tangible fixed assets | 22/27 | €225,134 | €322,976 | +€97,842 | +43.5% |
| Land and buildings | 22 | €185,298 | €242,931 | +€57,633 | +31.1% |
| Plant, machinery and equipment | 23 | - | €11,000 | +€11,000 | |
| Furniture and vehicles | 24 | €22,779 | €44,487 | +€21,709 | +95.3% |
| Other tangible fixed assets | 26 | €17,058 | €24,558 | +€7,500 | +44.0% |
| Current assets | 29/58 | €372,492 | €383,091 | +€10,599 | +2.8% |
| Amounts receivable within one year | 40/41 | €366,571 | €380,244 | +€13,674 | +3.7% |
| Trade receivables | 40 | €334,471 | €344,447 | +€9,977 | +3.0% |
| Other amounts receivable | 41 | €32,100 | €35,797 | +€3,697 | +11.5% |
| Cash at bank and in hand | 54/58 | €5,097 | €2,846 | -€2,251 | -44.2% |
| Deferred charges and accrued income | 490/1 | €824 | €0 | -€824 | -100.0% |
| Total equity and liabilities | 10/49 | €597,625 | €706,067 | +€108,441 | +18.1% |
| Equity | 10/15 | €217,030 | €212,835 | -€4,194 | -1.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €198,430 | €198,430 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,216 | €1,216 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,216 | €1,216 | = | 0.0% |
| Distributable reserves | 133 | €197,213 | €197,213 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,194 | -€4,194 | |
| Amounts payable | 17/49 | €380,596 | €493,231 | +€112,635 | +29.6% |
| Amounts payable after more than one year | 17 | €30,062 | €33,499 | +€3,437 | +11.4% |
| Financial debts | 170/4 | €30,062 | €33,499 | +€3,437 | +11.4% |
| Amounts payable within one year | 42/48 | €350,534 | €459,732 | +€109,198 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €8,105 | €34,057 | +€25,952 | +320.2% |
| Financial debts | 43 | €230 | €0 | -€230 | -100.0% |
| Credit institutions | 430/8 | €230 | €0 | -€230 | -100.0% |
| Trade debts | 44 | €58,461 | €90,421 | +€31,959 | +54.7% |
| Suppliers | 440/4 | €58,461 | €90,421 | +€31,959 | +54.7% |
| Advances received on contracts in progress | 46 | €32,052 | €32,052 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €32,306 | €18,657 | -€13,649 | -42.2% |
| Taxes | 450/3 | €32,306 | €18,657 | -€13,649 | -42.2% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €219,380 | €284,546 | +€65,165 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,279 | €0 | -€25,279 | -100.0% |
| Other operating charges | 640/8 | €1,700 | €855 | -€845 | -49.7% |
| Gross operating margin | 9900 | €84,673 | €5,937 | -€78,736 | -93.0% |
| Operating profit (loss) | 9901 | €57,695 | €5,082 | -€52,613 | -91.2% |
| Financial income | 75/76B | €2 | €0 | -€2 | -96.7% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -96.7% |
| Financial charges | 65/66B | €10,918 | €8,524 | -€2,394 | -21.9% |
| Recurring financial charges | 65 | €10,918 | €8,524 | -€2,394 | -21.9% |
| Profit (loss) for the period before taxes | 9903 | €46,779 | -€3,442 | -€50,221 | |
| Income taxes | 67/77 | €16,465 | €752 | -€15,713 | -95.4% |
| Profit (loss) for the period | 9904 | €30,314 | -€4,194 | -€34,508 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,314 | -€4,194 | -€34,508 |
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.