Eponine: 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.
Eponine
Largest movements
- Stocks and contracts +€8,350
new in 2025: €8,350
- Receivables within one year -€7,908
down €7,908 (-16.2%), from €48,950 to €41,042
of which Other amounts receivable: -€13,704
- Cash +€2,960
up €2,960, from €0 to €2,960
mainly Net result for the year (+€10,072) and Trade debts (+€9,266)
- Profit (loss) carried forward +€10,072
up €10,072, from -€4,375 to €5,696
- Trade debts +€9,266
up €9,266 (+118%), from €7,843 to €17,109
- Short-term financial debts -€7,145
no longer reported in 2025 (was €7,145)
- Debts after one year -€5,443
down €5,443 (-16.2%), from €33,527 to €28,085
- Tax, wage and social debts -€3,831
down €3,831 (-24.4%), from €15,731 to €11,900
of which Taxes: -€7,472
- Gross operating margin +€8,321
up €8,321 (+48.4%), from €17,202 to €25,522
- Staff costs +€3,365
new in 2025: €3,365
- Depreciation -€2,436
down €2,436 (-23.8%), from €10,239 to €7,803
- Other operating charges -€2,032
down €2,032 (-62.0%), from €3,276 to €1,244
- Financial charges -€1,727
down €1,727 (-37.3%), from €4,635 to €2,907
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 | €79,406 | €83,657 | +€4,251 | +5.4% |
| Fixed assets | 21/28 | €30,456 | €31,263 | +€807 | +2.7% |
| Tangible fixed assets | 22/27 | €27,156 | €27,963 | +€807 | +3.0% |
| Plant, machinery and equipment | 23 | €27,156 | €27,963 | +€807 | +3.0% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €48,950 | €52,394 | +€3,444 | +7.0% |
| Stocks and contracts in progress | 3 | - | €8,350 | +€8,350 | |
| Stocks | 30/36 | - | €8,350 | +€8,350 | |
| Amounts receivable within one year | 40/41 | €48,950 | €41,042 | -€7,908 | -16.2% |
| Trade receivables | 40 | €34,931 | €40,727 | +€5,796 | +16.6% |
| Other amounts receivable | 41 | €14,019 | €315 | -€13,704 | -97.8% |
| Cash at bank and in hand | 54/58 | €0 | €2,960 | +€2,960 | |
| Deferred charges and accrued income | 490/1 | - | €43 | +€43 | |
| Total equity and liabilities | 10/49 | €79,406 | €83,657 | +€4,251 | +5.4% |
| Equity | 10/15 | €9,885 | €19,956 | +€10,072 | +102% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,375 | €5,696 | +€10,072 | |
| Amounts payable | 17/49 | €69,521 | €63,701 | -€5,820 | -8.4% |
| Amounts payable after more than one year | 17 | €33,527 | €28,085 | -€5,443 | -16.2% |
| Financial debts | 170/4 | €33,527 | €28,085 | -€5,443 | -16.2% |
| Amounts payable within one year | 42/48 | €35,994 | €35,616 | -€378 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €5,275 | €5,443 | +€168 | +3.2% |
| Financial debts | 43 | €7,145 | - | -€7,145 | |
| Credit institutions | 430/8 | €7,145 | - | -€7,145 | |
| Trade debts | 44 | €7,843 | €17,109 | +€9,266 | +118% |
| Suppliers | 440/4 | €7,843 | €17,109 | +€9,266 | +118% |
| Taxes, remuneration and social security | 45 | €15,731 | €11,900 | -€3,831 | -24.4% |
| Taxes | 450/3 | €15,572 | €8,099 | -€7,472 | -48.0% |
| Remuneration and social security | 454/9 | €159 | €3,800 | +€3,641 | +2,290% |
| Other amounts payable | 47/48 | - | €1,165 | +€1,165 | |
| Non-recurring operating income | 76A | - | €892 | +€892 | |
| Remuneration, social security and pensions | 62 | - | €3,365 | +€3,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,239 | €7,803 | -€2,436 | -23.8% |
| Other operating charges | 640/8 | €3,276 | €1,244 | -€2,032 | -62.0% |
| Non-recurring operating charges | 66A | €10,962 | - | -€10,962 | |
| Gross operating margin | 9900 | €17,202 | €25,522 | +€8,321 | +48.4% |
| Operating profit (loss) | 9901 | -€7,276 | €13,110 | +€20,386 | |
| Financial income | 75/76B | €775 | €7 | -€768 | -99.1% |
| Recurring financial income | 75 | €775 | €7 | -€768 | -99.1% |
| Financial charges | 65/66B | €4,635 | €2,907 | -€1,727 | -37.3% |
| Recurring financial charges | 65 | €4,635 | €2,907 | -€1,727 | -37.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,135 | €10,210 | +€21,345 | |
| Income taxes | 67/77 | €287 | €138 | -€149 | -51.8% |
| Profit (loss) for the period | 9904 | -€11,422 | €10,072 | +€21,493 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,422 | €10,072 | +€21,493 |
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 26 October 2026 via checked.be.