EPKO: 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.
EPKO
Largest movements
- Cash +€16,012
up €16,012 (+891.3%), from €1,797 to €17,809
mainly Net result for the year (+€17,593) and Depreciation (+€8,622)
- Tangible fixed assets -€15,025
down €15,025 (-11.7%), from €128,646 to €113,621
of which Furniture and vehicles: -€17,417
- Receivables within one year +€4,149
up €4,149 (+6.3%), from €65,769 to €69,918
of which Other amounts receivable: +€12,197
- Profit (loss) carried forward +€17,593
up €17,593 (+32.9%), from €53,556 to €71,149
- Debts after one year -€11,551
down €11,551 (-11.9%), from €97,298 to €85,747
- Current portion of long-term debt -€8,162
down €8,162 (-41.4%), from €19,714 to €11,551
- Short-term financial debts +€7,338
new in 2025: €7,338
- Tax, wage and social debts +€6,926
up €6,926 (+40.3%), from €17,195 to €24,121
- Gross operating margin -€16,860
down €16,860 (-27.5%), from €61,291 to €44,431
- Depreciation -€10,221
down €10,221 (-54.2%), from €18,843 to €8,622
- Taxes -€1,901
down €1,901 (-19.0%), from €10,018 to €8,117
- Financial charges +€1,767
up €1,767 (+31.0%), from €5,700 to €7,467
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 | €203,045 | €209,040 | +€5,994 | +3.0% |
| Fixed assets | 21/28 | €128,646 | €113,621 | -€15,025 | -11.7% |
| Tangible fixed assets | 22/27 | €128,646 | €113,621 | -€15,025 | -11.7% |
| Land and buildings | 22 | €2,599 | €11,519 | +€8,920 | +343.3% |
| Plant, machinery and equipment | 23 | €1,319 | €1,005 | -€314 | -23.8% |
| Furniture and vehicles | 24 | €20,426 | €3,009 | -€17,417 | -85.3% |
| Other tangible fixed assets | 26 | €104,303 | €98,089 | -€6,215 | -6.0% |
| Current assets | 29/58 | €74,399 | €95,419 | +€21,020 | +28.3% |
| Amounts receivable after more than one year | 29 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 291 | €5,000 | €5,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,769 | €69,918 | +€4,149 | +6.3% |
| Trade receivables | 40 | €45,271 | €37,222 | -€8,048 | -17.8% |
| Other amounts receivable | 41 | €20,499 | €32,695 | +€12,197 | +59.5% |
| Cash at bank and in hand | 54/58 | €1,797 | €17,809 | +€16,012 | +891.3% |
| Deferred charges and accrued income | 490/1 | €1,834 | €2,693 | +€859 | +46.8% |
| Total equity and liabilities | 10/49 | €203,045 | €209,040 | +€5,994 | +3.0% |
| Equity | 10/15 | €60,221 | €77,814 | +€17,593 | +29.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €465 | €465 | = | 0.0% |
| Non-distributable reserves | 130/1 | €465 | €465 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €465 | €465 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,556 | €71,149 | +€17,593 | +32.9% |
| Amounts payable | 17/49 | €142,825 | €131,226 | -€11,599 | -8.1% |
| Amounts payable after more than one year | 17 | €97,298 | €85,747 | -€11,551 | -11.9% |
| Financial debts | 170/4 | €97,298 | €85,747 | -€11,551 | -11.9% |
| Amounts payable within one year | 42/48 | €45,527 | €45,479 | -€48 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €19,714 | €11,551 | -€8,162 | -41.4% |
| Financial debts | 43 | - | €7,338 | +€7,338 | |
| Credit institutions | 430/8 | - | €7,338 | +€7,338 | |
| Trade debts | 44 | €8,618 | €2,469 | -€6,150 | -71.4% |
| Suppliers | 440/4 | €8,618 | €2,469 | -€6,150 | -71.4% |
| Taxes, remuneration and social security | 45 | €17,195 | €24,121 | +€6,926 | +40.3% |
| Taxes | 450/3 | €17,195 | €24,121 | +€6,926 | +40.3% |
| Non-recurring operating income | 76A | - | €5,821 | +€5,821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,843 | €8,622 | -€10,221 | -54.2% |
| Other operating charges | 640/8 | €3,095 | €2,546 | -€549 | -17.7% |
| Non-recurring operating charges | 66A | - | €1,309 | +€1,309 | |
| Gross operating margin | 9900 | €61,291 | €44,431 | -€16,860 | -27.5% |
| Operating profit (loss) | 9901 | €39,352 | €31,954 | -€7,398 | -18.8% |
| Financial income | 75/76B | €679 | €1,223 | +€544 | +80.2% |
| Recurring financial income | 75 | €679 | €1,223 | +€544 | +80.2% |
| Financial charges | 65/66B | €5,700 | €7,467 | +€1,767 | +31.0% |
| Recurring financial charges | 65 | €5,700 | €7,467 | +€1,767 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | €34,331 | €25,710 | -€8,620 | -25.1% |
| Income taxes | 67/77 | €10,018 | €8,117 | -€1,901 | -19.0% |
| Profit (loss) for the period | 9904 | €24,312 | €17,593 | -€6,719 | -27.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,312 | €17,593 | -€6,719 | -27.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.