EPIVINO: 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.
EPIVINO
Largest movements
- Cash +€114,143
up €114,143 (+44,393%), from €257 to €114,400
mainly Stocks and contracts (+€97,807) and Advances received (+€24,818)
- Stocks and contracts -€97,807
down €97,807 (-8.1%), from €1.2m to €1.1m
- Receivables within one year +€42,957
up €42,957 (+118%), from €36,321 to €79,279
of which Trade receivables: +€30,585
- Tangible fixed assets -€15,569
down €15,569 (-45.1%), from €34,484 to €18,915
of which Furniture and vehicles: -€8,675
- Advances received +€24,818
up €24,818 (+133%), from €18,638 to €43,455
- Debts after one year +€23,539
up €23,539 (+14.7%), from €159,764 to €183,303
- Other debts -€16,417
down €16,417 (-2.5%), from €655,774 to €639,357
- Gross operating margin -€29,292
down €29,292 (-39.1%), from €74,983 to €45,692
- Taxes -€8,266
down €8,266 (-61.7%), from €13,406 to €5,140
- Financial charges +€3,119
up €3,119 (+22.1%), from €14,122 to €17,242
- Depreciation +€1,454
up €1,454 (+10.3%), from €14,115 to €15,569
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 | €1,280,158 | €1,323,028 | +€42,871 | +3.3% |
| Fixed assets | 21/28 | €35,484 | €19,915 | -€15,569 | -43.9% |
| Tangible fixed assets | 22/27 | €34,484 | €18,915 | -€15,569 | -45.1% |
| Furniture and vehicles | 24 | €27,591 | €18,915 | -€8,675 | -31.4% |
| Other tangible fixed assets | 26 | €6,894 | €0 | -€6,894 | -100% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €1,244,673 | €1,303,113 | +€58,440 | +4.7% |
| Amounts receivable after more than one year | 29 | €804 | €0 | -€804 | -100% |
| Other amounts receivable | 291 | €804 | €0 | -€804 | -100% |
| Stocks and contracts in progress | 3 | €1,204,840 | €1,107,033 | -€97,807 | -8.1% |
| Stocks | 30/36 | €1,204,840 | €1,107,033 | -€97,807 | -8.1% |
| Amounts receivable within one year | 40/41 | €36,321 | €79,279 | +€42,957 | +118% |
| Trade receivables | 40 | €32,074 | €62,659 | +€30,585 | +95.4% |
| Other amounts receivable | 41 | €4,248 | €16,620 | +€12,372 | +291% |
| Cash at bank and in hand | 54/58 | €257 | €114,400 | +€114,143 | +44,393% |
| Deferred charges and accrued income | 490/1 | €2,451 | €2,402 | -€49 | -2.0% |
| Total equity and liabilities | 10/49 | €1,280,158 | €1,323,028 | +€42,871 | +3.3% |
| Equity | 10/15 | €170,399 | €176,304 | +€5,905 | +3.5% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €2,442 | €2,442 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,442 | €2,442 | = | 0.0% |
| Profit (loss) carried forward | 14 | €127,957 | €133,863 | +€5,905 | +4.6% |
| Amounts payable | 17/49 | €1,109,758 | €1,146,724 | +€36,966 | +3.3% |
| Amounts payable after more than one year | 17 | €159,764 | €183,303 | +€23,539 | +14.7% |
| Financial debts | 170/4 | €159,764 | €183,303 | +€23,539 | +14.7% |
| Amounts payable within one year | 42/48 | €886,086 | €886,517 | +€431 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €19,634 | €19,961 | +€327 | +1.7% |
| Financial debts | 43 | €15,496 | €14,204 | -€1,292 | -8.3% |
| Credit institutions | 430/8 | €15,496 | €14,204 | -€1,292 | -8.3% |
| Trade debts | 44 | €134,583 | €122,196 | -€12,387 | -9.2% |
| Suppliers | 440/4 | €134,583 | €122,196 | -€12,387 | -9.2% |
| Advances received on contracts in progress | 46 | €18,638 | €43,455 | +€24,818 | +133% |
| Taxes, remuneration and social security | 45 | €41,961 | €47,343 | +€5,382 | +12.8% |
| Taxes | 450/3 | €41,961 | €47,343 | +€5,382 | +12.8% |
| Other amounts payable | 47/48 | €655,774 | €639,357 | -€16,417 | -2.5% |
| Accrued charges and deferred income | 492/3 | €63,908 | €76,904 | +€12,996 | +20.3% |
| Non-recurring operating income | 76A | €413 | €0 | -€413 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,115 | €15,569 | +€1,454 | +10.3% |
| Other operating charges | 640/8 | €1,665 | €1,887 | +€222 | +13.4% |
| Gross operating margin | 9900 | €74,983 | €45,692 | -€29,292 | -39.1% |
| Operating profit (loss) | 9901 | €59,204 | €28,235 | -€30,969 | -52.3% |
| Financial income | 75/76B | €12 | €52 | +€40 | +327% |
| Recurring financial income | 75 | €12 | €52 | +€40 | +327% |
| Financial charges | 65/66B | €14,122 | €17,242 | +€3,119 | +22.1% |
| Recurring financial charges | 65 | €14,122 | €17,242 | +€3,119 | +22.1% |
| Profit (loss) for the period before taxes | 9903 | €45,094 | €11,046 | -€34,048 | -75.5% |
| Income taxes | 67/77 | €13,406 | €5,140 | -€8,266 | -61.7% |
| Profit (loss) for the period | 9904 | €31,687 | €5,905 | -€25,782 | -81.4% |
| Profit (loss) for the period to be appropriated | 9905 | €31,687 | €5,905 | -€25,782 | -81.4% |
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 23 October 2026 via checked.be.