EPIXEL: what changed
Two fiscal 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.
EPIXEL
Largest movements
- Receivables within one year +€17,110
up €17,110 (+98.6%), from €17,345 to €34,455
of which Trade receivables: +€16,940
- Cash -€16,721
down €16,721 (-36.7%), from €45,596 to €28,875
mainly Contributions, distributions and other (-€63,134) and Receivables within one year (-€17,110)
- Tangible fixed assets -€15,638
down €15,638 (-27.4%), from €57,088 to €41,450
of which Furniture and vehicles: -€11,769
- Stocks and contracts +€4,914
new in 2024: €4,914
- Debts after one year -€9,156
down €9,156 (-56.2%), from €16,283 to €7,128
- Other debts -€4,014
down €4,014 (-5.9%), from €68,386 to €64,372
- Tax, wage and social debts +€2,246
up €2,246 (+29.6%), from €7,600 to €9,846
of which Taxes: +€2,246
- Depreciation +€5,332
up €5,332 (+51.7%), from €10,306 to €15,638
- Financial charges +€1,773
up €1,773 (+392.5%), from €452 to €2,224
- Taxes -€1,233
down €1,233 (-6.7%), from €18,489 to €17,256
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €123,275 | €112,115 | -€11,161 | -9.1% |
| Fixed assets | 21/28 | €57,278 | €41,450 | -€15,828 | -27.6% |
| Tangible fixed assets | 22/27 | €57,088 | €41,450 | -€15,638 | -27.4% |
| Plant, machinery and equipment | 23 | €9,439 | €8,343 | -€1,095 | -11.6% |
| Furniture and vehicles | 24 | €38,995 | €27,226 | -€11,769 | -30.2% |
| Other tangible fixed assets | 26 | €8,655 | €5,881 | -€2,773 | -32.0% |
| Financial fixed assets | 28 | €190 | - | -€190 | |
| Current assets | 29/58 | €65,997 | €70,664 | +€4,667 | +7.1% |
| Stocks and contracts in progress | 3 | - | €4,914 | +€4,914 | |
| Stocks | 30/36 | - | €4,914 | +€4,914 | |
| Amounts receivable within one year | 40/41 | €17,345 | €34,455 | +€17,110 | +98.6% |
| Trade receivables | 40 | €16,000 | €32,940 | +€16,940 | +105.9% |
| Other amounts receivable | 41 | €1,345 | €1,515 | +€170 | +12.6% |
| Current investments | 50/53 | €1,100 | €350 | -€750 | -68.2% |
| Cash at bank and in hand | 54/58 | €45,596 | €28,875 | -€16,721 | -36.7% |
| Deferred charges and accrued income | 490/1 | €1,957 | €2,071 | +€114 | +5.8% |
| Total equity and liabilities | 10/49 | €123,275 | €112,115 | -€11,161 | -9.1% |
| Equity | 10/15 | €20,460 | €20,460 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Amounts payable | 17/49 | €102,815 | €91,655 | -€11,161 | -10.9% |
| Amounts payable after more than one year | 17 | €16,283 | €7,128 | -€9,156 | -56.2% |
| Financial debts | 170/4 | €16,283 | €7,128 | -€9,156 | -56.2% |
| Amounts payable within one year | 42/48 | €86,092 | €83,968 | -€2,123 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €8,771 | €9,156 | +€385 | +4.4% |
| Trade debts | 44 | €1,335 | €595 | -€740 | -55.4% |
| Suppliers | 440/4 | €1,335 | €595 | -€740 | -55.4% |
| Taxes, remuneration and social security | 45 | €7,600 | €9,846 | +€2,246 | +29.6% |
| Taxes | 450/3 | €5,600 | €7,846 | +€2,246 | +40.1% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €68,386 | €64,372 | -€4,014 | -5.9% |
| Accrued charges and deferred income | 492/3 | €440 | €559 | +€118 | +26.8% |
| Remuneration, social security and pensions | 62 | -€27 | - | +€27 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,306 | €15,638 | +€5,332 | +51.7% |
| Other operating charges | 640/8 | €1,109 | €384 | -€726 | -65.4% |
| Gross operating margin | 9900 | €97,778 | €98,520 | +€742 | +0.8% |
| Operating profit (loss) | 9901 | €86,389 | €82,498 | -€3,891 | -4.5% |
| Financial income | 75/76B | €55 | €115 | +€60 | +109.1% |
| Recurring financial income | 75 | €55 | €115 | +€60 | +109.1% |
| Financial charges | 65/66B | €452 | €2,224 | +€1,773 | +392.5% |
| Recurring financial charges | 65 | €452 | €2,224 | +€1,773 | +392.5% |
| Profit (loss) for the period before taxes | 9903 | €85,993 | €80,389 | -€5,603 | -6.5% |
| Income taxes | 67/77 | €18,489 | €17,256 | -€1,233 | -6.7% |
| Profit (loss) for the period | 9904 | €67,503 | €63,134 | -€4,370 | -6.5% |
| Profit (loss) for the period to be appropriated | 9905 | €67,503 | €63,134 | -€4,370 | -6.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.