Epistemy: 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.
Epistemy
Largest movements
- Cash -€31,380
down €31,380 (-93.7%), from €33,493 to €2,114
mainly Investment in fixed assets (net) (-€14,513) and Deferred charges and accrued income (-€7,763)
- Tangible fixed assets +€10,669
up €10,669 (+678%), from €1,575 to €12,244
of which Other tangible fixed assets: +€12,197
- Deferred charges and accrued income +€7,763
up €7,763 (+867%), from €895 to €8,658
- Receivables within one year +€1,269
up €1,269 (+1,172%), from €108 to €1,377
of which Other amounts receivable: +€1,377
- Tax, wage and social debts -€7,087
down €7,087 (-72.5%), from €9,775 to €2,688
- Other debts -€5,391
no longer reported in 2025 (was €5,391)
- Trade debts +€3,441
up €3,441 (+190%), from €1,812 to €5,253
- Profit (loss) carried forward -€2,517
down €2,517 (-363%), from -€693 to -€3,210
- Gross operating margin -€3,535
down €3,535 (-27.9%), from €12,680 to €9,145
- Other operating charges -€2,066
down €2,066 (-24.7%), from €8,357 to €6,291
- Depreciation +€1,935
up €1,935 (+101%), from €1,909 to €3,844
- Taxes -€1,264
down €1,264 (-71.2%), from €1,775 to €511
- Financial charges +€765
up €765 (+214%), from €357 to €1,122
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 | €47,787 | €36,109 | -€11,679 | -24.4% |
| Fixed assets | 21/28 | €13,291 | €23,960 | +€10,669 | +80.3% |
| Tangible fixed assets | 22/27 | €1,575 | €12,244 | +€10,669 | +678% |
| Furniture and vehicles | 24 | €1,575 | €46 | -€1,528 | -97.1% |
| Other tangible fixed assets | 26 | - | €12,197 | +€12,197 | |
| Financial fixed assets | 28 | €11,716 | €11,716 | = | 0.0% |
| Current assets | 29/58 | €34,496 | €12,149 | -€22,348 | -64.8% |
| Amounts receivable within one year | 40/41 | €108 | €1,377 | +€1,269 | +1,172% |
| Trade receivables | 40 | €108 | - | -€108 | |
| Other amounts receivable | 41 | - | €1,377 | +€1,377 | |
| Cash at bank and in hand | 54/58 | €33,493 | €2,114 | -€31,380 | -93.7% |
| Deferred charges and accrued income | 490/1 | €895 | €8,658 | +€7,763 | +867% |
| Total equity and liabilities | 10/49 | €47,787 | €36,109 | -€11,679 | -24.4% |
| Equity | 10/15 | €30,685 | €28,167 | -€2,517 | -8.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €18,978 | €18,978 | = | 0.0% |
| Distributable reserves | 133 | €18,978 | €18,978 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€693 | -€3,210 | -€2,517 | -363% |
| Amounts payable | 17/49 | €17,103 | €7,941 | -€9,161 | -53.6% |
| Amounts payable within one year | 42/48 | €16,979 | €7,941 | -€9,038 | -53.2% |
| Trade debts | 44 | €1,812 | €5,253 | +€3,441 | +190% |
| Suppliers | 440/4 | €1,812 | €5,253 | +€3,441 | +190% |
| Taxes, remuneration and social security | 45 | €9,775 | €2,688 | -€7,087 | -72.5% |
| Taxes | 450/3 | €9,775 | €2,688 | -€7,087 | -72.5% |
| Other amounts payable | 47/48 | €5,391 | - | -€5,391 | |
| Accrued charges and deferred income | 492/3 | €124 | - | -€124 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,909 | €3,844 | +€1,935 | +101% |
| Other operating charges | 640/8 | €8,357 | €6,291 | -€2,066 | -24.7% |
| Gross operating margin | 9900 | €12,680 | €9,145 | -€3,535 | -27.9% |
| Operating profit (loss) | 9901 | €2,414 | -€990 | -€3,404 | |
| Financial income | 75/76B | €107 | €106 | -€0 | -0.2% |
| Recurring financial income | 75 | €107 | €106 | -€0 | -0.2% |
| Financial charges | 65/66B | €357 | €1,122 | +€765 | +214% |
| Recurring financial charges | 65 | €357 | €1,122 | +€765 | +214% |
| Profit (loss) for the period before taxes | 9903 | €2,164 | -€2,006 | -€4,170 | |
| Income taxes | 67/77 | €1,775 | €511 | -€1,264 | -71.2% |
| Profit (loss) for the period | 9904 | €389 | -€2,517 | -€2,906 | |
| Profit (loss) for the period to be appropriated | 9905 | €389 | -€2,517 | -€2,906 |
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 13 October 2026 via checked.be.