Epoxy Technology Europe: what changed
What changed
Epoxy Technology Europe
NACE 46.190, Agents in non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€428,048
2024 · €1.2m-€728,940
Equity
€4.7m
2024 · €4.2m+€428,048
Cash
€816,985
2024 · €1.0m-€193,087
Balance sheet total
€5.6m
2024 · €4.7m+€907,660
Largest movements
Assets
- Receivables within one year +€955,480
up €955,480 (+28.6%), from €3.3m to €4.3m
of which Other amounts receivable: +€1.2m
- Cash -€193,087
down €193,087 (-19.1%), from €1.0m to €816,985
mainly Receivables within one year (-€955,480) and Investment in fixed assets (net) (-€97,158)
- Tangible fixed assets +€79,338
up €79,338 (+237%), from €33,406 to €112,744
of which Plant, machinery and equipment: +€75,953
Equity and liabilities
- Trade debts +€470,426
up €470,426 (+136%), from €345,824 to €816,251
- Profit (loss) carried forward +€428,048
up €428,048 (+10.1%), from €4.2m to €4.6m
Income statement
- Gross operating margin -€1.0m
down €1.0m (-56.3%), from €1.8m to €781,651
- Taxes -€242,064
down €242,064 (-62.7%), from €386,210 to €144,146
- Staff costs +€87,469
up €87,469 (+41.5%), from €210,601 to €298,070
- Financial income +€63,983
up €63,983 (+78.5%), from €81,544 to €145,527
- Write-downs -€24,699
down €24,699 (-64.6%), from €38,240 to €13,540
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€1.2m
Gross operating margin
-€1.0m
Staff costs
-€87,469
Depreciation
+€9,078
Write-downs
+€24,699
Other operating charges
-€245
Other operating items
+€820
Financial income
+€63,983
Financial charges
+€24,632
Taxes
+€242,064
Result 2025
€428,048
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€95,930
Investment
-€97,158
Financing
€0
Cash 2024
€1.0m
From operations (derived)
-€95,930
Net result for the year
+€428,048
Depreciation
+€18,874
Stocks and contracts
-€46,548
Receivables within one year
-€955,480
Deferred charges and accrued income
-€20,435
Trade debts
+€470,426
Tax, wage and social debts
+€9,453
Accrued charges and deferred income
-€267
Investment (derived)
-€97,158
Investment in fixed assets (net)
-€97,158
Cash 2025
€816,985
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,651,363 | €5,559,023 | +€907,660 | +19.5% |
| Fixed assets | 21/28 | €34,522 | €112,806 | +€78,284 | +227% |
| Intangible fixed assets | 21 | €1,054 | €0 | -€1,054 | -100% |
| Tangible fixed assets | 22/27 | €33,406 | €112,744 | +€79,338 | +237% |
| Plant, machinery and equipment | 23 | €7,602 | €83,555 | +€75,953 | +999% |
| Furniture and vehicles | 24 | €9,670 | €7,030 | -€2,640 | -27.3% |
| Other tangible fixed assets | 26 | €16,133 | €22,159 | +€6,025 | +37.3% |
| Financial fixed assets | 28 | €62 | €62 | = | 0.0% |
| Current assets | 29/58 | €4,616,841 | €5,446,217 | +€829,376 | +18.0% |
| Stocks and contracts in progress | 3 | €251,452 | €298,000 | +€46,548 | +18.5% |
| Stocks | 30/36 | €251,452 | €298,000 | +€46,548 | +18.5% |
| Amounts receivable within one year | 40/41 | €3,339,320 | €4,294,800 | +€955,480 | +28.6% |
| Trade receivables | 40 | €471,532 | €216,193 | -€255,339 | -54.2% |
| Other amounts receivable | 41 | €2,867,788 | €4,078,607 | +€1.2m | +42.2% |
| Cash at bank and in hand | 54/58 | €1,010,073 | €816,985 | -€193,087 | -19.1% |
| Deferred charges and accrued income | 490/1 | €15,996 | €36,431 | +€20,435 | +128% |
| Total equity and liabilities | 10/49 | €4,651,363 | €5,559,023 | +€907,660 | +19.5% |
| Equity | 10/15 | €4,249,422 | €4,677,471 | +€428,048 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,860 | €12,860 | = | 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% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,217,962 | €4,646,011 | +€428,048 | +10.1% |
| Amounts payable | 17/49 | €401,940 | €881,552 | +€479,612 | +119% |
| Amounts payable within one year | 42/48 | €397,863 | €877,742 | +€479,879 | +121% |
| Trade debts | 44 | €345,824 | €816,251 | +€470,426 | +136% |
| Suppliers | 440/4 | €345,824 | €816,251 | +€470,426 | +136% |
| Taxes, remuneration and social security | 45 | €52,039 | €61,491 | +€9,453 | +18.2% |
| Taxes | 450/3 | €20,545 | €17,186 | -€3,359 | -16.3% |
| Remuneration and social security | 454/9 | €31,494 | €44,306 | +€12,812 | +40.7% |
| Accrued charges and deferred income | 492/3 | €4,077 | €3,810 | -€267 | -6.6% |
| Remuneration, social security and pensions | 62 | €210,601 | €298,070 | +€87,469 | +41.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,952 | €18,874 | -€9,078 | -32.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €38,240 | €13,540 | -€24,699 | -64.6% |
| Other operating charges | 640/8 | €7,875 | €8,120 | +€245 | +3.1% |
| Non-recurring operating charges | 66A | €823 | €3 | -€820 | -99.6% |
| Gross operating margin | 9900 | €1,788,153 | €781,651 | -€1.0m | -56.3% |
| Operating profit (loss) | 9901 | €1,502,663 | €443,044 | -€1.1m | -70.5% |
| Financial income | 75/76B | €81,544 | €145,527 | +€63,983 | +78.5% |
| Recurring financial income | 75 | €81,544 | €145,527 | +€63,983 | +78.5% |
| Financial charges | 65/66B | €41,009 | €16,376 | -€24,632 | -60.1% |
| Recurring financial charges | 65 | €40,762 | €16,376 | -€24,385 | -59.8% |
| Non-recurring financial charges | 66B | €247 | €0 | -€247 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,543,198 | €572,195 | -€971,003 | -62.9% |
| Income taxes | 67/77 | €386,210 | €144,146 | -€242,064 | -62.7% |
| Profit (loss) for the period | 9904 | €1,156,988 | €428,048 | -€728,940 | -63.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,156,988 | €428,048 | -€728,940 | -63.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.