EPONA ST: 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.
EPONA ST
Largest movements
- Cash +€11,464
up €11,464 (+25.8%), from €44,496 to €55,960
mainly Net result for the year (+€9,494) and Depreciation (+€8,966)
- Tangible fixed assets -€8,966
down €8,966 (-3.4%), from €261,934 to €252,967
of which Furniture and vehicles: -€5,284
- Trade debts -€10,216
down €10,216 (-75.1%), from €13,600 to €3,384
- Profit (loss) carried forward +€9,494
up €9,494 (+12.5%), from -€76,068 to -€66,574
- Gross operating margin +€8,120
up €8,120 (+40.9%), from €19,861 to €27,981
- Financial income -€1,381
down €1,381 (-36.1%), from €3,823 to €2,442
- Other operating charges +€765
up €765 (+12.6%), from €6,084 to €6,849
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 | €436,211 | €437,682 | +€1,471 | +0.3% |
| Fixed assets | 21/28 | €261,934 | €252,967 | -€8,966 | -3.4% |
| Tangible fixed assets | 22/27 | €261,934 | €252,967 | -€8,966 | -3.4% |
| Land and buildings | 22 | €210,094 | €208,089 | -€2,005 | -1.0% |
| Plant, machinery and equipment | 23 | €11,266 | €9,588 | -€1,678 | -14.9% |
| Furniture and vehicles | 24 | €40,574 | €35,291 | -€5,284 | -13.0% |
| Current assets | 29/58 | €174,277 | €184,714 | +€10,437 | +6.0% |
| Stocks and contracts in progress | 3 | €19,550 | €19,550 | = | 0.0% |
| Stocks | 30/36 | €19,550 | €19,550 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,554 | €5,131 | -€2,423 | -32.1% |
| Trade receivables | 40 | €5,439 | €4,141 | -€1,298 | -23.9% |
| Other amounts receivable | 41 | €2,115 | €989 | -€1,126 | -53.2% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,496 | €55,960 | +€11,464 | +25.8% |
| Deferred charges and accrued income | 490/1 | €2,677 | €4,074 | +€1,397 | +52.2% |
| Total equity and liabilities | 10/49 | €436,211 | €437,682 | +€1,471 | +0.3% |
| Equity | 10/15 | €329,494 | €338,988 | +€9,494 | +2.9% |
| Contributions | 10/11 | €404,562 | €404,562 | = | 0.0% |
| Capital | 10 | €404,562 | €404,562 | = | 0.0% |
| Issued capital | 100 | €404,562 | €404,562 | = | 0.0% |
| Reserves | 13 | €1,000 | €1,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,000 | €1,000 | = | 0.0% |
| Legal reserve | 130 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,068 | -€66,574 | +€9,494 | +12.5% |
| Amounts payable | 17/49 | €106,717 | €98,694 | -€8,023 | -7.5% |
| Amounts payable within one year | 42/48 | €106,717 | €98,694 | -€8,023 | -7.5% |
| Financial debts | 43 | €150 | €0 | -€150 | -100% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €150 | €0 | -€150 | -100% |
| Trade debts | 44 | €13,600 | €3,384 | -€10,216 | -75.1% |
| Suppliers | 440/4 | €13,600 | €3,384 | -€10,216 | -75.1% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €2,250 | €4,592 | +€2,342 | +104% |
| Taxes | 450/3 | €2,250 | €4,592 | +€2,342 | +104% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €90,717 | €90,717 | = | 0.0% |
| Non-recurring operating income | 76A | €3,136 | €3,134 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,078 | €8,966 | -€112 | -1.2% |
| Other operating charges | 640/8 | €6,084 | €6,849 | +€765 | +12.6% |
| Non-recurring operating charges | 66A | - | €4,970 | +€4,970 | |
| Gross operating margin | 9900 | €19,861 | €27,981 | +€8,120 | +40.9% |
| Operating profit (loss) | 9901 | €4,699 | €7,196 | +€2,496 | +53.1% |
| Financial income | 75/76B | €3,823 | €2,442 | -€1,381 | -36.1% |
| Recurring financial income | 75 | €3,823 | €2,442 | -€1,381 | -36.1% |
| Financial charges | 65/66B | €117 | €143 | +€26 | +22.3% |
| Recurring financial charges | 65 | €117 | €143 | +€26 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €8,405 | €9,494 | +€1,090 | +13.0% |
| Profit (loss) for the period | 9904 | €8,405 | €9,494 | +€1,090 | +13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,405 | €9,494 | +€1,090 | +13.0% |
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 18 October 2026 via checked.be.