ËPIKUR: 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.
ËPIKUR
Largest movements
- Tangible fixed assets +€77,552
up €77,552 (+104.9%), from €73,957 to €151,510
of which Assets under construction and advance payments: +€78,300
- Cash +€54,002
up €54,002 (+80.7%), from €66,945 to €120,948
mainly Net result for the year (+€103,874) and Debts after one year (+€82,336)
- Receivables within one year +€36,886
up €36,886 (+173.3%), from €21,282 to €58,168
of which Trade receivables: +€26,807
- Profit (loss) carried forward +€103,874
new in 2025: €103,874
- Debts after one year +€82,336
new in 2025: €82,336
- Reserves -€23,529
down €23,529 (-16.7%), from €140,997 to €117,468
- Tax, wage and social debts -€12,634
down €12,634 (-67.7%), from €18,651 to €6,017
- Trade debts +€9,314
up €9,314 (+153.8%), from €6,056 to €15,369
- Gross operating margin +€32,116
up €32,116 (+28.3%), from €113,573 to €145,690
- Taxes +€8,997
up €8,997 (+41.3%), from €21,762 to €30,759
- Depreciation -€3,652
down €3,652 (-36.4%), from €10,044 to €6,393
- Financial charges +€3,564
up €3,564 (+1980.2%), from €180 to €3,744
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 | €168,789 | €335,804 | +€167,016 | +98.9% |
| Fixed assets | 21/28 | €77,618 | €153,867 | +€76,250 | +98.2% |
| Intangible fixed assets | 21 | €2,660 | €1,108 | -€1,553 | -58.4% |
| Tangible fixed assets | 22/27 | €73,957 | €151,510 | +€77,552 | +104.9% |
| Land and buildings | 22 | €29,961 | €29,232 | -€730 | -2.4% |
| Furniture and vehicles | 24 | €84 | €3,360 | +€3,276 | +3891.8% |
| Other tangible fixed assets | 26 | €16,267 | €12,973 | -€3,294 | -20.2% |
| Assets under construction and advance payments | 27 | €27,644 | €105,944 | +€78,300 | +283.2% |
| Financial fixed assets | 28 | €1,000 | €1,250 | +€250 | +25.0% |
| Current assets | 29/58 | €91,171 | €181,937 | +€90,766 | +99.6% |
| Amounts receivable within one year | 40/41 | €21,282 | €58,168 | +€36,886 | +173.3% |
| Trade receivables | 40 | €19,282 | €46,089 | +€26,807 | +139.0% |
| Other amounts receivable | 41 | €2,000 | €12,079 | +€10,079 | +504.0% |
| Cash at bank and in hand | 54/58 | €66,945 | €120,948 | +€54,002 | +80.7% |
| Deferred charges and accrued income | 490/1 | €2,944 | €2,821 | -€123 | -4.2% |
| Total equity and liabilities | 10/49 | €168,789 | €335,804 | +€167,016 | +98.9% |
| Equity | 10/15 | €143,997 | €224,342 | +€80,345 | +55.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €140,997 | €117,468 | -€23,529 | -16.7% |
| Distributable reserves | 133 | €140,997 | €117,468 | -€23,529 | -16.7% |
| Profit (loss) carried forward | 14 | - | €103,874 | +€103,874 | |
| Amounts payable | 17/49 | €24,792 | €111,462 | +€86,671 | +349.6% |
| Amounts payable after more than one year | 17 | - | €82,336 | +€82,336 | |
| Financial debts | 170/4 | - | €82,336 | +€82,336 | |
| Amounts payable within one year | 42/48 | €24,792 | €29,126 | +€4,335 | +17.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,951 | +€4,951 | |
| Trade debts | 44 | €6,056 | €15,369 | +€9,314 | +153.8% |
| Suppliers | 440/4 | €6,056 | €15,369 | +€9,314 | +153.8% |
| Taxes, remuneration and social security | 45 | €18,651 | €6,017 | -€12,634 | -67.7% |
| Taxes | 450/3 | €18,651 | €6,017 | -€12,634 | -67.7% |
| Other amounts payable | 47/48 | €86 | €2,790 | +€2,704 | +3163.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,044 | €6,393 | -€3,652 | -36.4% |
| Other operating charges | 640/8 | €387 | €924 | +€537 | +138.6% |
| Gross operating margin | 9900 | €113,573 | €145,690 | +€32,116 | +28.3% |
| Operating profit (loss) | 9901 | €103,142 | €138,373 | +€35,231 | +34.2% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €180 | €3,744 | +€3,564 | +1980.2% |
| Recurring financial charges | 65 | €180 | €3,744 | +€3,564 | +1980.2% |
| Profit (loss) for the period before taxes | 9903 | €102,962 | €134,634 | +€31,672 | +30.8% |
| Income taxes | 67/77 | €21,762 | €30,759 | +€8,997 | +41.3% |
| Profit (loss) for the period | 9904 | €81,199 | €103,874 | +€22,675 | +27.9% |
| Profit (loss) for the period to be appropriated | 9905 | €81,199 | €103,874 | +€22,675 | +27.9% |
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 11 October 2026 via checked.be.