EPITOPE: 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.
EPITOPE
Largest movements
- Cash +€91,391
up €91,391 (+99.0%), from €92,351 to €183,742
mainly Net result for the year (+€390,670) and Other debts (+€108,180)
- Receivables within one year -€48,755
down €48,755 (-20.9%), from €233,775 to €185,019
- Deferred charges and accrued income +€30,842
up €30,842 (+19.5%), from €157,971 to €188,813
- Other debts +€108,180
up €108,180 (+41.3%), from €261,727 to €369,907
- Debts after one year -€36,292
down €36,292 (-50.0%), from €72,624 to €36,332
- Trade debts +€29,272
up €29,272 (+372.9%), from €7,850 to €37,122
- Current portion of long-term debt -€27,848
down €27,848 (-21.9%), from €127,382 to €99,534
- Gross operating margin +€85,019
up €85,019 (+18.2%), from €466,220 to €551,238
- Taxes +€9,157
up €9,157 (+8.0%), from €113,990 to €123,148
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 | €987,687 | €1,057,657 | +€69,969 | +7.1% |
| Fixed assets | 21/28 | €163,591 | €160,081 | -€3,509 | -2.1% |
| Tangible fixed assets | 22/27 | €163,591 | €160,081 | -€3,509 | -2.1% |
| Land and buildings | 22 | €63,250 | €46,012 | -€17,238 | -27.3% |
| Plant, machinery and equipment | 23 | €20,291 | €57,576 | +€37,285 | +183.8% |
| Furniture and vehicles | 24 | €26,081 | €9,150 | -€16,931 | -64.9% |
| Other tangible fixed assets | 26 | €53,969 | €47,343 | -€6,626 | -12.3% |
| Current assets | 29/58 | €824,097 | €897,575 | +€73,479 | +8.9% |
| Amounts receivable after more than one year | 29 | €340,000 | €340,000 | = | 0.0% |
| Other amounts receivable | 291 | €340,000 | €340,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €233,775 | €185,019 | -€48,755 | -20.9% |
| Other amounts receivable | 41 | €233,775 | €185,019 | -€48,755 | -20.9% |
| Cash at bank and in hand | 54/58 | €92,351 | €183,742 | +€91,391 | +99.0% |
| Deferred charges and accrued income | 490/1 | €157,971 | €188,813 | +€30,842 | +19.5% |
| Total equity and liabilities | 10/49 | €987,687 | €1,057,657 | +€69,969 | +7.1% |
| Equity | 10/15 | €412,378 | €404,938 | -€7,440 | -1.8% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Contributions outside capital | 11 | €74,400 | €74,400 | = | 0.0% |
| Other | 1109/19 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €337,978 | €330,538 | -€7,440 | -2.2% |
| Non-distributable reserves | 130/1 | €7,440 | - | -€7,440 | |
| Reserves not available under the articles | 1311 | €7,440 | - | -€7,440 | |
| Distributable reserves | 133 | €330,538 | €330,538 | = | 0.0% |
| Provisions and deferred taxes | 16 | €33,208 | €33,208 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €33,208 | €33,208 | = | 0.0% |
| Pensions and similar obligations | 160 | €33,208 | €33,208 | = | 0.0% |
| Amounts payable | 17/49 | €542,101 | €619,511 | +€77,409 | +14.3% |
| Amounts payable after more than one year | 17 | €72,624 | €36,332 | -€36,292 | -50.0% |
| Financial debts | 170/4 | €72,624 | €36,332 | -€36,292 | -50.0% |
| Amounts payable within one year | 42/48 | €469,478 | €583,179 | +€113,701 | +24.2% |
| Current portion of amounts payable after more than one year | 42 | €127,382 | €99,534 | -€27,848 | -21.9% |
| Trade debts | 44 | €7,850 | €37,122 | +€29,272 | +372.9% |
| Suppliers | 440/4 | €7,850 | €37,122 | +€29,272 | +372.9% |
| Taxes, remuneration and social security | 45 | €72,518 | €76,616 | +€4,098 | +5.7% |
| Taxes | 450/3 | €72,518 | €76,616 | +€4,098 | +5.7% |
| Other amounts payable | 47/48 | €261,727 | €369,907 | +€108,180 | +41.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,798 | €52,846 | +€4,049 | +8.3% |
| Other operating charges | 640/8 | €494 | €63 | -€431 | -87.2% |
| Gross operating margin | 9900 | €466,220 | €551,238 | +€85,019 | +18.2% |
| Operating profit (loss) | 9901 | €416,928 | €498,329 | +€81,401 | +19.5% |
| Financial income | 75/76B | €18,345 | €20,448 | +€2,103 | +11.5% |
| Recurring financial income | 75 | €18,345 | €20,448 | +€2,103 | +11.5% |
| Financial charges | 65/66B | €8,242 | €4,960 | -€3,282 | -39.8% |
| Recurring financial charges | 65 | €8,242 | €4,960 | -€3,282 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €427,031 | €513,818 | +€86,786 | +20.3% |
| Income taxes | 67/77 | €113,990 | €123,148 | +€9,157 | +8.0% |
| Profit (loss) for the period | 9904 | €313,041 | €390,670 | +€77,629 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | €313,041 | €390,670 | +€77,629 | +24.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.