EPMI: 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.
EPMI
Largest movements
- Cash +€239,906
up €239,906 (+90.7%), from €264,640 to €504,546
mainly Net result for the year (+€160,298) and Receivables within one year (+€140,506)
- Receivables within one year -€140,506
down €140,506 (-44.1%), from €318,624 to €178,118
of which Other amounts receivable: -€290,506
- Reserves +€160,000
up €160,000 (+24.8%), from €645,000 to €805,000
- Debts after one year -€117,394
down €117,394 (-6.4%), from €1.8m to €1.7m
of which Financial debts: -€117,394
- Tax, wage and social debts +€30,926
up €30,926 (+91.6%), from €33,748 to €64,674
of which Taxes: +€31,563
- Financial income -€300,612
down €300,612 (-99.8%), from €301,173 to €561
- Gross operating margin +€116,959
up €116,959 (+68.9%), from €169,669 to €286,628
- Taxes +€26,106
up €26,106 (+112.7%), from €23,156 to €49,263
- Financial charges +€21,817
up €21,817 (+39.6%), from €55,156 to €76,973
- Other operating charges -€4,799
down €4,799 (-88.0%), from €5,454 to €655
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 | €2,690,600 | €2,789,915 | +€99,315 | +3.7% |
| Fixed assets | 21/28 | €2,100,000 | €2,100,000 | = | 0.0% |
| Financial fixed assets | 28 | €2,100,000 | €2,100,000 | = | 0.0% |
| Current assets | 29/58 | €590,600 | €689,915 | +€99,315 | +16.8% |
| Amounts receivable within one year | 40/41 | €318,624 | €178,118 | -€140,506 | -44.1% |
| Trade receivables | 40 | €18,624 | €168,624 | +€150,000 | +805.4% |
| Other amounts receivable | 41 | €300,000 | €9,494 | -€290,506 | -96.8% |
| Cash at bank and in hand | 54/58 | €264,640 | €504,546 | +€239,906 | +90.7% |
| Deferred charges and accrued income | 490/1 | €7,336 | €7,251 | -€85 | -1.2% |
| Total equity and liabilities | 10/49 | €2,690,600 | €2,789,915 | +€99,315 | +3.7% |
| Equity | 10/15 | €695,647 | €855,944 | +€160,298 | +23.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €645,000 | €805,000 | +€160,000 | +24.8% |
| Distributable reserves | 133 | €645,000 | €805,000 | +€160,000 | +24.8% |
| Profit (loss) carried forward | 14 | €647 | €944 | +€298 | +46.0% |
| Amounts payable | 17/49 | €1,994,953 | €1,933,971 | -€60,983 | -3.1% |
| Amounts payable after more than one year | 17 | €1,828,567 | €1,711,173 | -€117,394 | -6.4% |
| Financial debts | 170/4 | €1,228,567 | €1,111,173 | -€117,394 | -9.6% |
| Other amounts payable | 178/9 | €600,000 | €600,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €166,386 | €215,672 | +€49,286 | +29.6% |
| Current portion of amounts payable after more than one year | 42 | €112,884 | €117,394 | +€4,509 | +4.0% |
| Trade debts | 44 | €1,999 | €2,351 | +€351 | +17.6% |
| Suppliers | 440/4 | €1,999 | €2,351 | +€351 | +17.6% |
| Taxes, remuneration and social security | 45 | €33,748 | €64,674 | +€30,926 | +91.6% |
| Taxes | 450/3 | €30,730 | €62,292 | +€31,563 | +102.7% |
| Remuneration and social security | 454/9 | €3,019 | €2,382 | -€637 | -21.1% |
| Other amounts payable | 47/48 | €17,754 | €31,253 | +€13,500 | +76.0% |
| Accrued charges and deferred income | 492/3 | - | €7,125 | +€7,125 | |
| Other operating charges | 640/8 | €5,454 | €655 | -€4,799 | -88.0% |
| Gross operating margin | 9900 | €169,669 | €286,628 | +€116,959 | +68.9% |
| Operating profit (loss) | 9901 | €164,215 | €285,973 | +€121,758 | +74.1% |
| Financial income | 75/76B | €301,173 | €561 | -€300,612 | -99.8% |
| Recurring financial income | 75 | €301,173 | €561 | -€300,612 | -99.8% |
| Financial charges | 65/66B | €55,156 | €76,973 | +€21,817 | +39.6% |
| Recurring financial charges | 65 | €55,156 | €76,973 | +€21,817 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | €410,232 | €209,560 | -€200,672 | -48.9% |
| Income taxes | 67/77 | €23,156 | €49,263 | +€26,106 | +112.7% |
| Profit (loss) for the period | 9904 | €387,076 | €160,298 | -€226,778 | -58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €387,076 | €160,298 | -€226,778 | -58.6% |
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 28 September 2026 via checked.be.