EPIPHANY CONSULTING: 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.
EPIPHANY CONSULTING
Largest movements
- Tangible fixed assets -€560,964
down €560,964 (-87.4%), from €641,901 to €80,937
of which Land and buildings: -€547,440
- Cash +€327,915
up €327,915 (+346%), from €94,778 to €422,693
mainly Investment in fixed assets (net) (+€547,440) and Net result for the year (+€36,901)
- Receivables within one year +€33,552
up €33,552 (+987%), from €3,399 to €36,952
of which Trade receivables: +€27,079
- Debts after one year -€161,069
no longer reported in 2025 (was €161,069)
- Other debts -€56,701
down €56,701 (-51.4%), from €110,348 to €53,647
- Reserves +€36,901
up €36,901 (+9.1%), from €405,454 to €442,355
of which Distributable reserves: +€36,901
- Current portion of long-term debt -€22,366
no longer reported in 2025 (was €22,366)
- Tax, wage and social debts +€10,871
up €10,871 (+127%), from €8,578 to €19,449
of which Taxes: +€9,453
- Gross operating margin -€284,509
down €284,509, from €136,823 to -€147,686
- Financial income +€234,675
up €234,675 (+782,249,967%), from €0 to €234,675
of which Non-recurring financial income: +€234,660
- Depreciation -€49,727
down €49,727 (-78.6%), from €63,251 to €13,524
- Financial charges -€10,198
down €10,198 (-56.6%), from €18,027 to €7,829
- Other operating charges +€8,666
up €8,666 (+209%), from €4,141 to €12,807
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 | €750,157 | €547,004 | -€203,153 | -27.1% |
| Fixed assets | 21/28 | €641,901 | €80,937 | -€560,964 | -87.4% |
| Tangible fixed assets | 22/27 | €641,901 | €80,937 | -€560,964 | -87.4% |
| Land and buildings | 22 | €547,440 | - | -€547,440 | |
| Plant, machinery and equipment | 23 | €776 | €381 | -€395 | -50.9% |
| Furniture and vehicles | 24 | €9,814 | €6,318 | -€3,496 | -35.6% |
| Other tangible fixed assets | 26 | €83,872 | €74,238 | -€9,634 | -11.5% |
| Current assets | 29/58 | €108,256 | €466,067 | +€357,811 | +331% |
| Amounts receivable within one year | 40/41 | €3,399 | €36,952 | +€33,552 | +987% |
| Trade receivables | 40 | €473 | €27,552 | +€27,079 | +5,728% |
| Other amounts receivable | 41 | €2,926 | €9,400 | +€6,474 | +221% |
| Cash at bank and in hand | 54/58 | €94,778 | €422,693 | +€327,915 | +346% |
| Deferred charges and accrued income | 490/1 | €10,079 | €6,423 | -€3,656 | -36.3% |
| Total equity and liabilities | 10/49 | €750,157 | €547,004 | -€203,153 | -27.1% |
| Equity | 10/15 | €425,454 | €462,355 | +€36,901 | +8.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €405,454 | €442,355 | +€36,901 | +9.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €405,454 | €442,355 | +€36,901 | +9.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €324,704 | €84,649 | -€240,055 | -73.9% |
| Amounts payable after more than one year | 17 | €161,069 | - | -€161,069 | |
| Financial debts | 170/4 | €161,069 | - | -€161,069 | |
| Amounts payable within one year | 42/48 | €157,356 | €80,254 | -€77,102 | -49.0% |
| Current portion of amounts payable after more than one year | 42 | €22,366 | - | -€22,366 | |
| Financial debts | 43 | €437 | €296 | -€141 | -32.3% |
| Credit institutions | 430/8 | €437 | €296 | -€141 | -32.3% |
| Trade debts | 44 | €15,626 | €6,862 | -€8,764 | -56.1% |
| Suppliers | 440/4 | €15,626 | €6,862 | -€8,764 | -56.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,578 | €19,449 | +€10,871 | +127% |
| Taxes | 450/3 | €8,578 | €18,032 | +€9,453 | +110% |
| Remuneration and social security | 454/9 | - | €1,417 | +€1,417 | |
| Other amounts payable | 47/48 | €110,348 | €53,647 | -€56,701 | -51.4% |
| Accrued charges and deferred income | 492/3 | €6,279 | €4,395 | -€1,884 | -30.0% |
| Non-recurring operating income | 76A | €11,000 | - | -€11,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,251 | €13,524 | -€49,727 | -78.6% |
| Other operating charges | 640/8 | €4,141 | €12,807 | +€8,666 | +209% |
| Gross operating margin | 9900 | €136,823 | -€147,686 | -€284,509 | |
| Operating profit (loss) | 9901 | €69,431 | -€174,017 | -€243,448 | |
| Financial income | 75/76B | €0 | €234,675 | +€234,675 | +782,249,967% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +49,933% |
| Non-recurring financial income | 76B | - | €234,660 | +€234,660 | |
| Financial charges | 65/66B | €18,027 | €7,829 | -€10,198 | -56.6% |
| Recurring financial charges | 65 | €18,027 | €7,829 | -€10,198 | -56.6% |
| Profit (loss) for the period before taxes | 9903 | €51,404 | €52,828 | +€1,425 | +2.8% |
| Income taxes | 67/77 | €18,578 | €15,927 | -€2,651 | -14.3% |
| Profit (loss) for the period | 9904 | €32,825 | €36,901 | +€4,076 | +12.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,825 | €36,901 | +€4,076 | +12.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.