EPL: 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.
EPL
Largest movements
- Stocks and contracts -€285,555
down €285,555 (-50.5%), from €565,555 to €280,000
- Debts after one year -€362,433
down €362,433 (-97.7%), from €370,967 to €8,534
of which Other amounts payable: -€370,967
- Short-term financial debts +€122,128
up €122,128 (+81.4%), from €150,000 to €272,128
- Profit (loss) carried forward -€83,322
down €83,322 (-154.9%), from -€53,784 to -€137,106
- Current portion of long-term debt +€33,331
new in 2025: €33,331
- Write-downs +€289,162
new in 2025: €289,162
- Financial income +€222,989
new in 2025: €222,989
- Financial charges -€6,405
down €6,405 (-31.5%), from €20,361 to €13,957
- Gross operating margin -€782
down €782 (-61.7%), from -€1,268 to -€2,051
- Other operating charges -€252
down €252 (-18.1%), from €1,393 to €1,141
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 | €568,143 | €280,092 | -€288,051 | -50.7% |
| Current assets | 29/58 | €568,143 | €280,092 | -€288,051 | -50.7% |
| Stocks and contracts in progress | 3 | €565,555 | €280,000 | -€285,555 | -50.5% |
| Stocks | 30/36 | €565,555 | €280,000 | -€285,555 | -50.5% |
| Cash at bank and in hand | 54/58 | €2,290 | €92 | -€2,199 | -96.0% |
| Deferred charges and accrued income | 490/1 | €297 | - | -€297 | |
| Total equity and liabilities | 10/49 | €568,143 | €280,092 | -€288,051 | -50.7% |
| Equity | 10/15 | €46,216 | -€37,106 | -€83,322 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,784 | -€137,106 | -€83,322 | -154.9% |
| Amounts payable | 17/49 | €521,927 | €317,198 | -€204,729 | -39.2% |
| Amounts payable after more than one year | 17 | €370,967 | €8,534 | -€362,433 | -97.7% |
| Financial debts | 170/4 | - | €8,534 | +€8,534 | |
| Other amounts payable | 178/9 | €370,967 | - | -€370,967 | |
| Amounts payable within one year | 42/48 | €150,209 | €308,315 | +€158,106 | +105.3% |
| Current portion of amounts payable after more than one year | 42 | - | €33,331 | +€33,331 | |
| Financial debts | 43 | €150,000 | €272,128 | +€122,128 | +81.4% |
| Credit institutions | 430/8 | €150,000 | €272,128 | +€122,128 | +81.4% |
| Trade debts | 44 | €209 | €2,856 | +€2,647 | +1268.3% |
| Suppliers | 440/4 | €209 | €2,856 | +€2,647 | +1268.3% |
| Accrued charges and deferred income | 492/3 | €751 | €348 | -€403 | -53.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €289,162 | +€289,162 | |
| Other operating charges | 640/8 | €1,393 | €1,141 | -€252 | -18.1% |
| Gross operating margin | 9900 | -€1,268 | -€2,051 | -€782 | -61.7% |
| Operating profit (loss) | 9901 | -€2,662 | -€292,354 | -€289,692 | -10883.8% |
| Financial income | 75/76B | - | €222,989 | +€222,989 | |
| Recurring financial income | 75 | - | €222,989 | +€222,989 | |
| Financial charges | 65/66B | €20,361 | €13,957 | -€6,405 | -31.5% |
| Recurring financial charges | 65 | €20,361 | €13,957 | -€6,405 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,023 | -€83,322 | -€60,299 | -261.9% |
| Profit (loss) for the period | 9904 | -€23,023 | -€83,322 | -€60,299 | -261.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,023 | -€83,322 | -€60,299 | -261.9% |
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 30 September 2026 via checked.be.