EPIPHANY: 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.
EPIPHANY
Largest movements
- Tangible fixed assets -€8,362
down €8,362 (-25.2%), from €33,237 to €24,875
of which Furniture and vehicles: -€5,510
- Deferred charges and accrued income +€7,899
up €7,899 (+921.9%), from €857 to €8,756
- Receivables within one year -€1,371
down €1,371 (-25.7%), from €5,335 to €3,964
of which Other amounts receivable: -€5,335
- Cash +€998
up €998, from €0 to €998
mainly Other debts (+€69,497) and Depreciation (+€6,068)
- Profit (loss) carried forward -€72,660
down €72,660 (-55.6%), from -€130,690 to -€203,350
- Other debts +€69,497
up €69,497 (+99.3%), from €69,974 to €139,471
- Trade debts +€1,816
up €1,816 (+321.9%), from €564 to €2,380
- Tax, wage and social debts +€942
up €942 (+309.0%), from €305 to €1,247
- Short-term financial debts -€430
down €430 (-100.0%), from €430 to €0
- Gross operating margin -€6,563
down €6,563 (-11.7%), from -€56,024 to -€62,587
- Depreciation -€2,298
down €2,298 (-27.5%), from €8,366 to €6,068
- Financial charges +€1,850
up €1,850 (+316.0%), from €586 to €2,436
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 | €39,429 | €38,593 | -€836 | -2.1% |
| Fixed assets | 21/28 | €33,237 | €24,875 | -€8,362 | -25.2% |
| Tangible fixed assets | 22/27 | €33,237 | €24,875 | -€8,362 | -25.2% |
| Furniture and vehicles | 24 | €16,079 | €10,569 | -€5,510 | -34.3% |
| Other tangible fixed assets | 26 | €17,158 | €14,307 | -€2,852 | -16.6% |
| Current assets | 29/58 | €6,192 | €13,718 | +€7,526 | +121.5% |
| Amounts receivable within one year | 40/41 | €5,335 | €3,964 | -€1,371 | -25.7% |
| Trade receivables | 40 | - | €3,964 | +€3,964 | |
| Other amounts receivable | 41 | €5,335 | €0 | -€5,335 | -100.0% |
| Cash at bank and in hand | 54/58 | €0 | €998 | +€998 | |
| Deferred charges and accrued income | 490/1 | €857 | €8,756 | +€7,899 | +921.9% |
| Total equity and liabilities | 10/49 | €39,429 | €38,593 | -€836 | -2.1% |
| Equity | 10/15 | -€31,844 | -€104,505 | -€72,660 | -228.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €92,646 | €92,646 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €90,786 | €90,786 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,690 | -€203,350 | -€72,660 | -55.6% |
| Amounts payable | 17/49 | €71,273 | €143,098 | +€71,824 | +100.8% |
| Amounts payable within one year | 42/48 | €71,273 | €143,098 | +€71,824 | +100.8% |
| Financial debts | 43 | €430 | €0 | -€430 | -100.0% |
| Credit institutions | 430/8 | €430 | €0 | -€430 | -100.0% |
| Trade debts | 44 | €564 | €2,380 | +€1,816 | +321.9% |
| Suppliers | 440/4 | €564 | €2,380 | +€1,816 | +321.9% |
| Taxes, remuneration and social security | 45 | €305 | €1,247 | +€942 | +309.0% |
| Taxes | 450/3 | €305 | €1,247 | +€942 | +309.0% |
| Other amounts payable | 47/48 | €69,974 | €139,471 | +€69,497 | +99.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,366 | €6,068 | -€2,298 | -27.5% |
| Other operating charges | 640/8 | €1,187 | €1,171 | -€16 | -1.4% |
| Gross operating margin | 9900 | -€56,024 | -€62,587 | -€6,563 | -11.7% |
| Operating profit (loss) | 9901 | -€65,578 | -€69,826 | -€4,249 | -6.5% |
| Financial income | 75/76B | €462 | €0 | -€462 | -100.0% |
| Recurring financial income | 75 | €462 | €0 | -€462 | -100.0% |
| Financial charges | 65/66B | €586 | €2,436 | +€1,850 | +316.0% |
| Recurring financial charges | 65 | €586 | €2,436 | +€1,850 | +316.0% |
| Profit (loss) for the period before taxes | 9903 | -€65,702 | -€72,262 | -€6,560 | -10.0% |
| Income taxes | 67/77 | €305 | €398 | +€93 | +30.6% |
| Profit (loss) for the period | 9904 | -€66,007 | -€72,660 | -€6,654 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,007 | -€72,660 | -€6,654 | -10.1% |
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 6 October 2026 via checked.be.