EPIMAD: 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.
EPIMAD
Largest movements
- Receivables within one year -€21,771
down €21,771 (-28.1%), from €77,462 to €55,691
of which Trade receivables: -€29,265
- Cash +€12,172
up €12,172 (+66.4%), from €18,320 to €30,492
mainly Net result for the year (+€45,287) and Receivables within one year (+€21,771)
- Tangible fixed assets +€6,268
up €6,268 (+72.6%), from €8,628 to €14,896
of which Furniture and vehicles: +€7,147
- Reserves -€21,713
down €21,713 (-32.0%), from €67,763 to €46,050
- Contributions +€12,400
up €12,400 (+200%), from €6,200 to €18,600
- Trade debts +€11,089
up €11,089 (+212%), from €5,243 to €16,332
- Current portion of long-term debt -€4,202
no longer reported in 2024 (was €4,202)
- Other operating charges -€17,718
down €17,718 (-91.9%), from €19,280 to €1,562
- Gross operating margin +€6,507
up €6,507 (+10.6%), from €61,652 to €68,159
- Taxes +€5,669
up €5,669 (+69.7%), from €8,136 to €13,805
- Depreciation -€5,475
down €5,475 (-41.0%), from €13,355 to €7,880
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €107,122 | €104,417 | -€2,704 | -2.5% |
| Fixed assets | 21/28 | €8,628 | €14,896 | +€6,268 | +72.6% |
| Tangible fixed assets | 22/27 | €8,628 | €14,896 | +€6,268 | +72.6% |
| Plant, machinery and equipment | 23 | €3,644 | €2,765 | -€879 | -24.1% |
| Furniture and vehicles | 24 | €4,984 | €12,131 | +€7,147 | +143% |
| Current assets | 29/58 | €98,494 | €89,521 | -€8,972 | -9.1% |
| Amounts receivable within one year | 40/41 | €77,462 | €55,691 | -€21,771 | -28.1% |
| Trade receivables | 40 | €37,174 | €7,909 | -€29,265 | -78.7% |
| Other amounts receivable | 41 | €40,288 | €47,782 | +€7,494 | +18.6% |
| Cash at bank and in hand | 54/58 | €18,320 | €30,492 | +€12,172 | +66.4% |
| Deferred charges and accrued income | 490/1 | €2,712 | €3,338 | +€627 | +23.1% |
| Total equity and liabilities | 10/49 | €107,122 | €104,417 | -€2,704 | -2.5% |
| Equity | 10/15 | €73,963 | €64,650 | -€9,313 | -12.6% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200% |
| Reserves | 13 | €67,763 | €46,050 | -€21,713 | -32.0% |
| Distributable reserves | 133 | €67,763 | €46,050 | -€21,713 | -32.0% |
| Amounts payable | 17/49 | €33,159 | €39,768 | +€6,609 | +19.9% |
| Amounts payable within one year | 42/48 | €33,159 | €39,768 | +€6,609 | +19.9% |
| Current portion of amounts payable after more than one year | 42 | €4,202 | - | -€4,202 | |
| Trade debts | 44 | €5,243 | €16,332 | +€11,089 | +212% |
| Suppliers | 440/4 | €5,243 | €16,332 | +€11,089 | +212% |
| Taxes, remuneration and social security | 45 | €23,714 | €23,436 | -€278 | -1.2% |
| Taxes | 450/3 | €23,714 | €23,436 | -€278 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,355 | €7,880 | -€5,475 | -41.0% |
| Other operating charges | 640/8 | €19,280 | €1,562 | -€17,718 | -91.9% |
| Gross operating margin | 9900 | €61,652 | €68,159 | +€6,507 | +10.6% |
| Operating profit (loss) | 9901 | €29,016 | €58,717 | +€29,701 | +102% |
| Financial income | 75/76B | €1,857 | €2,473 | +€616 | +33.2% |
| Recurring financial income | 75 | €1,857 | €2,473 | +€616 | +33.2% |
| Financial charges | 65/66B | €2,173 | €2,098 | -€75 | -3.4% |
| Recurring financial charges | 65 | €2,173 | €2,098 | -€75 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €28,700 | €59,092 | +€30,392 | +106% |
| Income taxes | 67/77 | €8,136 | €13,805 | +€5,669 | +69.7% |
| Profit (loss) for the period | 9904 | €20,564 | €45,287 | +€24,723 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €20,564 | €45,287 | +€24,723 | +120% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.