EPIVORE: 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.
What changed
EPIVORE
NACE 56.111, Full-service restaurants
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€13,198
2024 · -€24,931+€38,129
Equity
€169,953
2024 · €156,755+€13,198
Cash
€252,423
2024 · €260,799-€8,375
Balance sheet total
€890,261
2024 · €916,065-€25,804
Largest movements
Assets
- Tangible fixed assets -€34,739
down €34,739 (-5.8%), from €594,757 to €560,019
of which Land and buildings: -€22,406
- Receivables within one year +€14,824
up €14,824 (+241.4%), from €6,141 to €20,965
of which Trade receivables: +€16,185
Equity and liabilities
- Debts after one year -€45,786
down €45,786 (-9.1%), from €501,119 to €455,333
- Profit (loss) carried forward +€13,198
up €13,198 (+23.3%), from €56,674 to €69,871
Income statement
- Gross operating margin +€90,310
up €90,310 (+18.8%), from €479,151 to €569,460
- Staff costs +€37,427
up €37,427 (+8.4%), from €446,561 to €483,988
- Taxes +€8,888
up €8,888 (+1012.6%), from €878 to €9,765
- Depreciation +€6,346
up €6,346 (+16.1%), from €39,325 to €45,671
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.
Result 2024
-€24,931
Gross operating margin
+€90,310
Staff costs
-€37,427
Depreciation
-€6,346
Other operating charges
-€41
Financial income
+€183
Financial charges
+€338
Taxes
-€8,888
Result 2025
€13,198
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.
From operations
+€49,091
Investment
-€10,932
Financing
-€46,534
Cash 2024
€260,799
From operations (derived)
+€49,091
Net result for the year
+€13,198
Depreciation
+€45,671
Stocks and contracts
-€437
Receivables within one year
-€14,824
Deferred charges and accrued income
-€2,048
Trade debts
+€8,324
Tax, wage and social debts
+€2,293
Other debts
-€3,085
Investment (derived)
-€10,932
Investment in fixed assets (net)
-€10,932
Financing
-€46,534
Debts after one year
-€45,786
Current portion of long-term debt
-€748
Cash 2025
€252,423
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €916,065 | €890,261 | -€25,804 | -2.8% |
| Fixed assets | 21/28 | €596,469 | €561,731 | -€34,739 | -5.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €594,757 | €560,019 | -€34,739 | -5.8% |
| Land and buildings | 22 | €546,122 | €523,715 | -€22,406 | -4.1% |
| Plant, machinery and equipment | 23 | €7,223 | €5,714 | -€1,508 | -20.9% |
| Furniture and vehicles | 24 | €41,413 | €30,589 | -€10,824 | -26.1% |
| Financial fixed assets | 28 | €1,712 | €1,712 | = | 0.0% |
| Current assets | 29/58 | €319,595 | €328,530 | +€8,934 | +2.8% |
| Stocks and contracts in progress | 3 | €38,306 | €38,743 | +€437 | +1.1% |
| Stocks | 30/36 | €38,306 | €38,743 | +€437 | +1.1% |
| Amounts receivable within one year | 40/41 | €6,141 | €20,965 | +€14,824 | +241.4% |
| Trade receivables | 40 | €3,141 | €19,325 | +€16,185 | +515.3% |
| Other amounts receivable | 41 | €3,000 | €1,639 | -€1,361 | -45.4% |
| Current investments | 50/53 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €260,799 | €252,423 | -€8,375 | -3.2% |
| Deferred charges and accrued income | 490/1 | €4,351 | €6,399 | +€2,048 | +47.1% |
| Total equity and liabilities | 10/49 | €916,065 | €890,261 | -€25,804 | -2.8% |
| Equity | 10/15 | €156,755 | €169,953 | +€13,198 | +8.4% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Capital | 10 | €75,000 | - | -€75,000 | |
| Issued capital | 100 | €75,000 | - | -€75,000 | |
| Reserves | 13 | €25,081 | €25,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | - | -€7,500 | |
| Reserves not available under the articles | 1311 | - | €7,500 | +€7,500 | |
| Distributable reserves | 133 | €17,581 | €17,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,674 | €69,871 | +€13,198 | +23.3% |
| Amounts payable | 17/49 | €759,310 | €720,308 | -€39,002 | -5.1% |
| Amounts payable after more than one year | 17 | €501,119 | €455,333 | -€45,786 | -9.1% |
| Financial debts | 170/4 | €501,119 | €455,333 | -€45,786 | -9.1% |
| Amounts payable within one year | 42/48 | €258,191 | €264,975 | +€6,784 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €51,852 | €51,104 | -€748 | -1.4% |
| Trade debts | 44 | €74,010 | €82,334 | +€8,324 | +11.2% |
| Suppliers | 440/4 | €74,010 | €82,334 | +€8,324 | +11.2% |
| Taxes, remuneration and social security | 45 | €92,306 | €94,599 | +€2,293 | +2.5% |
| Taxes | 450/3 | €12,560 | €13,786 | +€1,226 | +9.8% |
| Remuneration and social security | 454/9 | €79,746 | €80,812 | +€1,067 | +1.3% |
| Other amounts payable | 47/48 | €40,023 | €36,938 | -€3,085 | -7.7% |
| Remuneration, social security and pensions | 62 | €446,561 | €483,988 | +€37,427 | +8.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,325 | €45,671 | +€6,346 | +16.1% |
| Other operating charges | 640/8 | €4,582 | €4,623 | +€41 | +0.9% |
| Gross operating margin | 9900 | €479,151 | €569,460 | +€90,310 | +18.8% |
| Operating profit (loss) | 9901 | -€11,317 | €35,179 | +€46,496 | |
| Financial income | 75/76B | €192 | €375 | +€183 | +95.1% |
| Recurring financial income | 75 | €192 | €375 | +€183 | +95.1% |
| Financial charges | 65/66B | €12,928 | €12,591 | -€338 | -2.6% |
| Recurring financial charges | 65 | €12,928 | €12,591 | -€338 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,053 | €22,963 | +€47,017 | |
| Income taxes | 67/77 | €878 | €9,765 | +€8,888 | +1012.6% |
| Profit (loss) for the period | 9904 | -€24,931 | €13,198 | +€38,129 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,931 | €13,198 | +€38,129 |
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 11 October 2026 via checked.be.