EPOCA PRODUCTS: what changed
Two financial 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.
EPOCA PRODUCTS
Largest movements
- Receivables within one year -€210,438
down €210,438 (-17.0%), from €1.2m to €1.0m
of which Trade receivables: -€166,594
- Cash +€142,257
up €142,257 (+50.9%), from €279,748 to €422,005
mainly Receivables within one year (+€210,438) and Current investments (+€113,000)
- Current investments -€113,000
down €113,000 (-81.3%), from €139,000 to €26,000
- Tangible fixed assets +€75,040
up €75,040 (+29.0%), from €258,932 to €333,972
of which Land and buildings: +€76,201
- Stocks and contracts -€65,012
down €65,012 (-15.3%), from €424,777 to €359,765
- Reserves -€129,364
down €129,364 (-8.8%), from €1.5m to €1.3m
of which Distributable reserves: -€129,364
- Debts after one year -€79,824
down €79,824 (-28.4%), from €281,488 to €201,664
- Current portion of long-term debt -€35,224
down €35,224 (-30.6%), from €115,048 to €79,824
- Accrued charges and deferred income +€30,759
up €30,759 (+665%), from €4,625 to €35,384
- Gross operating margin -€122,669
down €122,669 (-20.6%), from €595,536 to €472,867
- Staff costs -€35,015
down €35,015 (-8.0%), from €435,069 to €400,054
- Taxes -€31,607
down €31,607 (-96.3%), from €32,810 to €1,203
- Write-downs +€25,746
up €25,746 (+858%), from €3,000 to €28,746
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.
Derived cash bridge
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 | €2,657,048 | €2,452,255 | -€204,793 | -7.7% |
| Fixed assets | 21/28 | €562,476 | €601,696 | +€39,220 | +7.0% |
| Intangible fixed assets | 21 | €301,363 | €265,543 | -€35,820 | -11.9% |
| Tangible fixed assets | 22/27 | €258,932 | €333,972 | +€75,040 | +29.0% |
| Land and buildings | 22 | €243,908 | €320,108 | +€76,201 | +31.2% |
| Plant, machinery and equipment | 23 | €12,113 | €12,927 | +€814 | +6.7% |
| Furniture and vehicles | 24 | €2,912 | €937 | -€1,975 | -67.8% |
| Financial fixed assets | 28 | €2,181 | €2,181 | = | 0.0% |
| Current assets | 29/58 | €2,094,571 | €1,850,559 | -€244,013 | -11.6% |
| Stocks and contracts in progress | 3 | €424,777 | €359,765 | -€65,012 | -15.3% |
| Stocks | 30/36 | €424,777 | €359,765 | -€65,012 | -15.3% |
| Amounts receivable within one year | 40/41 | €1,240,830 | €1,030,392 | -€210,438 | -17.0% |
| Trade receivables | 40 | €832,492 | €665,899 | -€166,594 | -20.0% |
| Other amounts receivable | 41 | €408,338 | €364,494 | -€43,844 | -10.7% |
| Current investments | 50/53 | €139,000 | €26,000 | -€113,000 | -81.3% |
| Cash at bank and in hand | 54/58 | €279,748 | €422,005 | +€142,257 | +50.9% |
| Deferred charges and accrued income | 490/1 | €10,217 | €12,396 | +€2,180 | +21.3% |
| Total equity and liabilities | 10/49 | €2,657,048 | €2,452,255 | -€204,793 | -7.7% |
| Equity | 10/15 | €1,693,277 | €1,561,311 | -€131,965 | -7.8% |
| Contributions | 10/11 | €222,000 | €222,000 | = | 0.0% |
| Capital | 10 | €222,000 | €222,000 | = | 0.0% |
| Issued capital | 100 | €222,000 | €222,000 | = | 0.0% |
| Reserves | 13 | €1,468,675 | €1,339,311 | -€129,364 | -8.8% |
| Non-distributable reserves | 130/1 | €22,200 | €22,200 | = | 0.0% |
| Legal reserve | 130 | €22,200 | €22,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €150,975 | €150,975 | = | 0.0% |
| Distributable reserves | 133 | €1,295,500 | €1,166,136 | -€129,364 | -10.0% |
| Profit (loss) carried forward | 14 | €2,602 | - | -€2,602 | |
| Amounts payable | 17/49 | €963,771 | €890,944 | -€72,827 | -7.6% |
| Amounts payable after more than one year | 17 | €281,488 | €201,664 | -€79,824 | -28.4% |
| Financial debts | 170/4 | €281,488 | €201,664 | -€79,824 | -28.4% |
| Amounts payable within one year | 42/48 | €677,658 | €653,896 | -€23,762 | -3.5% |
| Current portion of amounts payable after more than one year | 42 | €115,048 | €79,824 | -€35,224 | -30.6% |
| Trade debts | 44 | €227,089 | €248,503 | +€21,413 | +9.4% |
| Suppliers | 440/4 | €227,089 | €248,503 | +€21,413 | +9.4% |
| Taxes, remuneration and social security | 45 | €107,694 | €94,351 | -€13,344 | -12.4% |
| Taxes | 450/3 | €61,546 | €50,164 | -€11,382 | -18.5% |
| Remuneration and social security | 454/9 | €46,149 | €44,187 | -€1,962 | -4.3% |
| Other amounts payable | 47/48 | €227,826 | €231,218 | +€3,392 | +1.5% |
| Accrued charges and deferred income | 492/3 | €4,625 | €35,384 | +€30,759 | +665% |
| Remuneration, social security and pensions | 62 | €435,069 | €400,054 | -€35,015 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,171 | €67,153 | +€2,982 | +4.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,000 | €28,746 | +€25,746 | +858% |
| Other operating charges | 640/8 | €5,989 | €5,335 | -€654 | -10.9% |
| Gross operating margin | 9900 | €595,536 | €472,867 | -€122,669 | -20.6% |
| Operating profit (loss) | 9901 | €87,307 | -€28,421 | -€115,728 | |
| Financial income | 75/76B | €22,033 | €24,925 | +€2,891 | +13.1% |
| Recurring financial income | 75 | €22,033 | €24,925 | +€2,891 | +13.1% |
| Financial charges | 65/66B | €29,846 | €27,267 | -€2,579 | -8.6% |
| Recurring financial charges | 65 | €29,846 | €27,267 | -€2,579 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €79,495 | -€30,763 | -€110,258 | |
| Income taxes | 67/77 | €32,810 | €1,203 | -€31,607 | -96.3% |
| Profit (loss) for the period | 9904 | €46,685 | -€31,965 | -€78,650 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,685 | -€31,965 | -€78,650 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.