EPLUCON: 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.
EPLUCON
Largest movements
- Receivables within one year +€47,202
up €47,202 (+17.8%), from €264,629 to €311,831
of which Trade receivables: +€32,357
- Stocks and contracts -€28,634
down €28,634 (-6.7%), from €427,190 to €398,555
- Cash +€23,973
up €23,973 (+14.6%), from €163,655 to €187,628
mainly Trade debts (+€49,229) and Stocks and contracts (+€28,634)
- Advances received -€52,762
down €52,762 (-100.0%), from €52,762 to €0
- Trade debts +€49,229
up €49,229 (+44.7%), from €110,230 to €159,460
- Debts after one year +€26,667
up €26,667 (+13.6%), from €196,667 to €223,333
- Reserves +€24,744
up €24,744 (+5.6%), from €440,706 to €465,450
- Gross operating margin -€129,023
down €129,023 (-38.1%), from €338,344 to €209,321
- Taxes -€33,059
down €33,059 (-76.5%), from €43,214 to €10,155
- Financial income -€8,787
down €8,787 (-99.5%), from €8,832 to €46
- Staff costs -€5,557
down €5,557 (-3.6%), from €154,564 to €149,007
- Depreciation +€3,808
up €3,808 (+36.2%), from €10,526 to €14,334
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 | €934,630 | €965,514 | +€30,884 | +3.3% |
| Fixed assets | 21/28 | €75,987 | €64,485 | -€11,502 | -15.1% |
| Intangible fixed assets | 21 | €45,863 | €39,196 | -€6,667 | -14.5% |
| Tangible fixed assets | 22/27 | €30,124 | €25,289 | -€4,836 | -16.1% |
| Plant, machinery and equipment | 23 | €1,821 | €1,398 | -€423 | -23.2% |
| Furniture and vehicles | 24 | €28,303 | €23,890 | -€4,413 | -15.6% |
| Current assets | 29/58 | €858,643 | €901,030 | +€42,387 | +4.9% |
| Stocks and contracts in progress | 3 | €427,190 | €398,555 | -€28,634 | -6.7% |
| Stocks | 30/36 | €427,190 | €398,555 | -€28,634 | -6.7% |
| Amounts receivable within one year | 40/41 | €264,629 | €311,831 | +€47,202 | +17.8% |
| Trade receivables | 40 | €264,629 | €296,986 | +€32,357 | +12.2% |
| Other amounts receivable | 41 | €0 | €14,845 | +€14,845 | |
| Cash at bank and in hand | 54/58 | €163,655 | €187,628 | +€23,973 | +14.6% |
| Deferred charges and accrued income | 490/1 | €3,169 | €3,015 | -€154 | -4.9% |
| Total equity and liabilities | 10/49 | €934,630 | €965,514 | +€30,884 | +3.3% |
| Equity | 10/15 | €450,706 | €475,450 | +€24,744 | +5.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €440,706 | €465,450 | +€24,744 | +5.6% |
| Distributable reserves | 133 | €440,706 | €465,450 | +€24,744 | +5.6% |
| Amounts payable | 17/49 | €483,924 | €490,064 | +€6,140 | +1.3% |
| Amounts payable after more than one year | 17 | €196,667 | €223,333 | +€26,667 | +13.6% |
| Other amounts payable | 178/9 | €196,667 | €223,333 | +€26,667 | +13.6% |
| Amounts payable within one year | 42/48 | €286,700 | €266,357 | -€20,343 | -7.1% |
| Trade debts | 44 | €110,230 | €159,460 | +€49,229 | +44.7% |
| Suppliers | 440/4 | €110,230 | €159,460 | +€49,229 | +44.7% |
| Advances received on contracts in progress | 46 | €52,762 | €0 | -€52,762 | -100.0% |
| Taxes, remuneration and social security | 45 | €106,549 | €98,379 | -€8,170 | -7.7% |
| Taxes | 450/3 | €73,359 | €79,056 | +€5,697 | +7.8% |
| Remuneration and social security | 454/9 | €33,190 | €19,323 | -€13,867 | -41.8% |
| Other amounts payable | 47/48 | €17,159 | €8,519 | -€8,640 | -50.4% |
| Accrued charges and deferred income | 492/3 | €557 | €373 | -€184 | -33.0% |
| Remuneration, social security and pensions | 62 | €154,564 | €149,007 | -€5,557 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,526 | €14,334 | +€3,808 | +36.2% |
| Other operating charges | 640/8 | €2,091 | €2,806 | +€714 | +34.2% |
| Gross operating margin | 9900 | €338,344 | €209,321 | -€129,023 | -38.1% |
| Operating profit (loss) | 9901 | €171,163 | €43,174 | -€127,988 | -74.8% |
| Financial income | 75/76B | €8,832 | €46 | -€8,787 | -99.5% |
| Recurring financial income | 75 | €8,832 | €46 | -€8,787 | -99.5% |
| Financial charges | 65/66B | €12,083 | €8,321 | -€3,762 | -31.1% |
| Recurring financial charges | 65 | €12,083 | €8,321 | -€3,762 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €167,912 | €34,899 | -€133,013 | -79.2% |
| Income taxes | 67/77 | €43,214 | €10,155 | -€33,059 | -76.5% |
| Profit (loss) for the period | 9904 | €124,698 | €24,744 | -€99,954 | -80.2% |
| Profit (loss) for the period to be appropriated | 9905 | €124,698 | €24,744 | -€99,954 | -80.2% |
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 5 October 2026 via checked.be.