EPIGONE: 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.
EPIGONE
Largest movements
- Cash +€98,853
up €98,853 (+203%), from €48,813 to €147,666
mainly Net result for the year (+€61,233) and Receivables within one year (+€40,757)
- Receivables within one year -€40,757
down €40,757 (-30.5%), from €133,573 to €92,816
of which Trade receivables: -€43,833
- Tangible fixed assets -€22,755
down €22,755 (-5.6%), from €407,354 to €384,599
of which Land and buildings: -€13,404
- Profit (loss) carried forward +€56,834
up €56,834 (+109%), from €52,201 to €109,035
- Accrued charges and deferred income -€34,912
down €34,912 (-79.6%), from €43,869 to €8,957
- Other debts +€29,313
up €29,313 (+100%), from €29,198 to €58,511
- Debts after one year -€17,717
down €17,717 (-6.7%), from €264,643 to €246,926
- Tax, wage and social debts +€14,989
up €14,989 (+28.4%), from €52,723 to €67,712
of which Taxes: +€23,051
- Gross operating margin +€38,140
up €38,140 (+24.7%), from €154,447 to €192,587
- Staff costs -€14,456
down €14,456 (-16.3%), from €88,512 to €74,056
- Taxes +€6,340
up €6,340 (+59.4%), from €10,674 to €17,014
- Other operating charges +€3,911
up €3,911 (+240%), from €1,630 to €5,541
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 | €627,493 | €667,311 | +€39,818 | +6.3% |
| Fixed assets | 21/28 | €407,524 | €384,769 | -€22,755 | -5.6% |
| Tangible fixed assets | 22/27 | €407,354 | €384,599 | -€22,755 | -5.6% |
| Land and buildings | 22 | €381,500 | €368,096 | -€13,404 | -3.5% |
| Plant, machinery and equipment | 23 | €11,716 | €9,170 | -€2,546 | -21.7% |
| Furniture and vehicles | 24 | €14,028 | €7,223 | -€6,805 | -48.5% |
| Other tangible fixed assets | 26 | €110 | €110 | = | 0.0% |
| Financial fixed assets | 28 | €170 | €170 | = | 0.0% |
| Current assets | 29/58 | €219,969 | €282,542 | +€62,573 | +28.4% |
| Stocks and contracts in progress | 3 | €37,583 | €42,060 | +€4,477 | +11.9% |
| Stocks | 30/36 | €37,583 | €42,060 | +€4,477 | +11.9% |
| Amounts receivable within one year | 40/41 | €133,573 | €92,816 | -€40,757 | -30.5% |
| Trade receivables | 40 | €130,102 | €86,269 | -€43,833 | -33.7% |
| Other amounts receivable | 41 | €3,471 | €6,547 | +€3,076 | +88.6% |
| Cash at bank and in hand | 54/58 | €48,813 | €147,666 | +€98,853 | +203% |
| Total equity and liabilities | 10/49 | €627,493 | €667,311 | +€39,818 | +6.3% |
| Equity | 10/15 | €173,446 | €228,386 | +€54,940 | +31.7% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €5,000 | €5,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,201 | €109,035 | +€56,834 | +109% |
| Investment grants | 15 | €66,245 | €64,351 | -€1,894 | -2.9% |
| Amounts payable | 17/49 | €454,047 | €438,925 | -€15,122 | -3.3% |
| Amounts payable after more than one year | 17 | €264,643 | €246,926 | -€17,717 | -6.7% |
| Financial debts | 170/4 | €264,643 | €246,926 | -€17,717 | -6.7% |
| Amounts payable within one year | 42/48 | €145,535 | €183,042 | +€37,507 | +25.8% |
| Current portion of amounts payable after more than one year | 42 | €14,593 | €14,066 | -€527 | -3.6% |
| Trade debts | 44 | €49,021 | €42,753 | -€6,268 | -12.8% |
| Suppliers | 440/4 | €49,021 | €42,753 | -€6,268 | -12.8% |
| Taxes, remuneration and social security | 45 | €52,723 | €67,712 | +€14,989 | +28.4% |
| Taxes | 450/3 | €40,778 | €63,829 | +€23,051 | +56.5% |
| Remuneration and social security | 454/9 | €11,945 | €3,883 | -€8,062 | -67.5% |
| Other amounts payable | 47/48 | €29,198 | €58,511 | +€29,313 | +100% |
| Accrued charges and deferred income | 492/3 | €43,869 | €8,957 | -€34,912 | -79.6% |
| Remuneration, social security and pensions | 62 | €88,512 | €74,056 | -€14,456 | -16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,194 | €24,971 | -€1,223 | -4.7% |
| Other operating charges | 640/8 | €1,630 | €5,541 | +€3,911 | +240% |
| Non-recurring operating charges | 66A | - | €1,066 | +€1,066 | |
| Gross operating margin | 9900 | €154,447 | €192,587 | +€38,140 | +24.7% |
| Operating profit (loss) | 9901 | €38,111 | €86,953 | +€48,842 | +128% |
| Financial income | 75/76B | €4,731 | €5,586 | +€855 | +18.1% |
| Recurring financial income | 75 | €4,470 | €5,586 | +€1,116 | +25.0% |
| Non-recurring financial income | 76B | €261 | - | -€261 | |
| Financial charges | 65/66B | €14,990 | €14,292 | -€698 | -4.7% |
| Recurring financial charges | 65 | €14,990 | €14,292 | -€698 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €27,852 | €78,247 | +€50,395 | +181% |
| Income taxes | 67/77 | €10,674 | €17,014 | +€6,340 | +59.4% |
| Profit (loss) for the period | 9904 | €17,178 | €61,233 | +€44,055 | +256% |
| Profit (loss) for the period to be appropriated | 9905 | €17,178 | €61,233 | +€44,055 | +256% |
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 16 October 2026 via checked.be.