EPISES: 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.
EPISES
Largest movements
- Receivables within one year -€187,851
down €187,851 (-47.6%), from €394,760 to €206,909
of which Trade receivables: -€182,289
- Cash -€61,992
down €61,992 (-49.5%), from €125,197 to €63,205
mainly Trade debts (-€102,777) and Net result for the year (-€84,729)
- Trade debts -€102,777
down €102,777 (-28.6%), from €358,762 to €255,985
- Reserves -€91,055
down €91,055 (-98.0%), from €92,915 to €1,860
of which Distributable reserves: -€91,055
- Tax, wage and social debts -€46,394
down €46,394 (-77.7%), from €59,688 to €13,294
of which Remuneration and social security: -€37,437
- Profit (loss) carried forward +€6,326
up €6,326 (+8.8%), from -€72,051 to -€65,725
- Gross operating margin -€308,369
down €308,369 (-63.5%), from €485,477 to €177,108
- Staff costs -€133,611
down €133,611 (-34.1%), from €391,694 to €258,083
- Taxes +€24,889
up €24,889, from -€24,772 to €117
- Write-downs -€13,109
no longer reported in 2022 (was €13,109)
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €585,047 | €342,027 | -€243,020 | -41.5% |
| Fixed assets | 21/28 | €3,469 | €3,982 | +€513 | +14.8% |
| Tangible fixed assets | 22/27 | €3,169 | €3,682 | +€513 | +16.2% |
| Furniture and vehicles | 24 | €3,169 | €3,682 | +€513 | +16.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €581,578 | €338,045 | -€243,533 | -41.9% |
| Stocks and contracts in progress | 3 | €61,621 | €62,880 | +€1,259 | +2.0% |
| Stocks | 30/36 | €61,621 | €62,880 | +€1,259 | +2.0% |
| Amounts receivable within one year | 40/41 | €394,760 | €206,909 | -€187,851 | -47.6% |
| Trade receivables | 40 | €373,505 | €191,216 | -€182,289 | -48.8% |
| Other amounts receivable | 41 | €21,255 | €15,693 | -€5,562 | -26.2% |
| Cash at bank and in hand | 54/58 | €125,197 | €63,205 | -€61,992 | -49.5% |
| Deferred charges and accrued income | 490/1 | - | €5,051 | +€5,051 | |
| Total equity and liabilities | 10/49 | €585,047 | €342,027 | -€243,020 | -41.5% |
| Equity | 10/15 | €39,464 | -€45,265 | -€84,729 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €92,915 | €1,860 | -€91,055 | -98.0% |
| 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 | €91,055 | - | -€91,055 | |
| Profit (loss) carried forward | 14 | -€72,051 | -€65,725 | +€6,326 | +8.8% |
| Amounts payable | 17/49 | €545,583 | €387,292 | -€158,291 | -29.0% |
| Amounts payable within one year | 42/48 | €545,583 | €387,292 | -€158,291 | -29.0% |
| Current portion of amounts payable after more than one year | 42 | €3,726 | - | -€3,726 | |
| Trade debts | 44 | €358,762 | €255,985 | -€102,777 | -28.6% |
| Suppliers | 440/4 | €358,762 | €255,985 | -€102,777 | -28.6% |
| Taxes, remuneration and social security | 45 | €59,688 | €13,294 | -€46,394 | -77.7% |
| Taxes | 450/3 | €9,191 | €234 | -€8,957 | -97.5% |
| Remuneration and social security | 454/9 | €50,497 | €13,060 | -€37,437 | -74.1% |
| Other amounts payable | 47/48 | €123,407 | €118,013 | -€5,394 | -4.4% |
| Non-recurring operating income | 76A | €5,592 | €4,132 | -€1,460 | -26.1% |
| Remuneration, social security and pensions | 62 | €391,694 | €258,083 | -€133,611 | -34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €406 | €555 | +€149 | +36.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €13,109 | - | -€13,109 | |
| Other operating charges | 640/8 | €3,372 | €2,357 | -€1,015 | -30.1% |
| Gross operating margin | 9900 | €485,477 | €177,108 | -€308,369 | -63.5% |
| Operating profit (loss) | 9901 | €76,896 | -€83,887 | -€160,783 | |
| Financial income | 75/76B | - | €1,400 | +€1,400 | |
| Recurring financial income | 75 | - | €1,400 | +€1,400 | |
| Financial charges | 65/66B | €1,078 | €2,125 | +€1,047 | +97.1% |
| Recurring financial charges | 65 | €1,078 | €2,125 | +€1,047 | +97.1% |
| Profit (loss) for the period before taxes | 9903 | €75,818 | -€84,612 | -€160,430 | |
| Income taxes | 67/77 | -€24,772 | €117 | +€24,889 | |
| Profit (loss) for the period | 9904 | €100,590 | -€84,729 | -€185,319 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,590 | -€84,729 | -€185,319 |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.