EPPA: what changed
What changed
EPPA
NACE 73.200, Market research and public opinion polling
filed annual accounts (NBB)
Net result for the year
€371,975
2024 · €513,010-€141,035
Equity
€1.5m
2024 · €1.1m+€371,975
Cash
€507,331
2024 · €1.1m-€607,002
Balance sheet total
€3.1m
2024 · €3.5m-€392,164
Largest movements
Assets
- Cash -€607,002
down €607,002 (-54.5%), from €1.1m to €507,331
mainly Other debts (-€815,000) and Investment in fixed assets (net) (-€198,011)
- Tangible fixed assets +€124,385
up €124,385 (+49.2%), from €252,724 to €377,109
of which Furniture and vehicles: +€85,717
- Intangible fixed assets -€113,677
down €113,677 (-27.0%), from €421,577 to €307,900
- Receivables within one year +€106,607
up €106,607 (+7.1%), from €1.5m to €1.6m
of which Trade receivables: +€54,096
- Current investments +€103,978
up €103,978 (+109%), from €95,420 to €199,398
Equity and liabilities
- Other debts -€815,000
down €815,000 (-97.3%), from €837,500 to €22,500
- Reserves +€371,975
up €371,975 (+39.6%), from €939,775 to €1.3m
of which Distributable reserves: +€267,997
- Trade debts +€132,603
up €132,603 (+11.3%), from €1.2m to €1.3m
- Accrued charges and deferred income -€92,262
down €92,262 (-36.9%), from €250,111 to €157,849
Income statement
- Gross operating margin -€120,113
down €120,113 (-6.6%), from €1.8m to €1.7m
- Staff costs +€65,119
up €65,119 (+7.5%), from €865,476 to €930,595
- Write-downs +€52,757
up €52,757, from -€52,757 to €0
- Other operating charges -€51,988
down €51,988 (-41.9%), from €124,044 to €72,055
- Taxes -€45,768
down €45,768 (-25.0%), from €182,926 to €137,158
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
€513,010
Gross operating margin
-€120,113
Staff costs
-€65,119
Depreciation
-€734
Write-downs
-€52,757
Other operating charges
+€51,988
Financial income
-€1,358
Financial charges
+€1,289
Taxes
+€45,768
Result 2025
€371,975
raises the resultlowers the result
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
-€332,284
Investment
-€301,989
Financing
+€27,271
Cash 2024
€1.1m
From operations (derived)
-€332,284
Net result for the year
+€371,975
Depreciation
+€186,673
Receivables within one year
-€106,607
Deferred charges and accrued income
+€7,085
Trade debts
+€132,603
Tax, wage and social debts
-€16,751
Other debts
-€815,000
Accrued charges and deferred income
-€92,262
Investment (derived)
-€301,989
Investment in fixed assets (net)
-€198,011
Current investments
-€103,978
Financing
+€27,271
Debts after one year
+€29,000
Current portion of long-term debt
+€18,271
Short-term financial debts
-€20,000
Cash 2025
€507,331
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,515,140 | €3,122,976 | -€392,164 | -11.2% |
| Fixed assets | 21/28 | €674,301 | €685,639 | +€11,338 | +1.7% |
| Intangible fixed assets | 21 | €421,577 | €307,900 | -€113,677 | -27.0% |
| Tangible fixed assets | 22/27 | €252,724 | €377,109 | +€124,385 | +49.2% |
| Plant, machinery and equipment | 23 | €55,805 | €95,421 | +€39,616 | +71.0% |
| Furniture and vehicles | 24 | €191,697 | €277,414 | +€85,717 | +44.7% |
| Other tangible fixed assets | 26 | €5,222 | €4,274 | -€948 | -18.2% |
| Financial fixed assets | 28 | - | €630 | +€630 | |
| Current assets | 29/58 | €2,840,839 | €2,437,337 | -€403,502 | -14.2% |
| Amounts receivable within one year | 40/41 | €1,495,576 | €1,602,184 | +€106,607 | +7.1% |
| Trade receivables | 40 | €1,470,576 | €1,524,672 | +€54,096 | +3.7% |
| Other amounts receivable | 41 | €25,000 | €77,511 | +€52,512 | +210% |
| Current investments | 50/53 | €95,420 | €199,398 | +€103,978 | +109% |
| Cash at bank and in hand | 54/58 | €1,114,333 | €507,331 | -€607,002 | -54.5% |
| Deferred charges and accrued income | 490/1 | €135,510 | €128,425 | -€7,085 | -5.2% |
| Total equity and liabilities | 10/49 | €3,515,140 | €3,122,976 | -€392,164 | -11.2% |
| Equity | 10/15 | €1,089,775 | €1,461,750 | +€371,975 | +34.1% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €939,775 | €1,311,750 | +€371,975 | +39.6% |
| Non-distributable reserves | 130/1 | €15,000 | €118,978 | +€103,978 | +693% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Own shares acquired | 1312 | - | €103,978 | +€103,978 | |
| Distributable reserves | 133 | €924,775 | €1,192,772 | +€267,997 | +29.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,425,365 | €1,661,226 | -€764,139 | -31.5% |
| Amounts payable after more than one year | 17 | - | €29,000 | +€29,000 | |
| Financial debts | 170/4 | - | €29,000 | +€29,000 | |
| Amounts payable within one year | 42/48 | €2,175,254 | €1,474,377 | -€700,877 | -32.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | €18,271 | +€18,271 | |
| Financial debts | 43 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Credit institutions | 430/8 | €70,000 | €50,000 | -€20,000 | -28.6% |
| Trade debts | 44 | €1,168,684 | €1,301,288 | +€132,603 | +11.3% |
| Suppliers | 440/4 | €1,168,684 | €1,301,288 | +€132,603 | +11.3% |
| Taxes, remuneration and social security | 45 | €99,069 | €82,319 | -€16,751 | -16.9% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €99,069 | €82,319 | -€16,751 | -16.9% |
| Other amounts payable | 47/48 | €837,500 | €22,500 | -€815,000 | -97.3% |
| Accrued charges and deferred income | 492/3 | €250,111 | €157,849 | -€92,262 | -36.9% |
| Remuneration, social security and pensions | 62 | €865,476 | €930,595 | +€65,119 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €185,939 | €186,673 | +€734 | +0.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€52,757 | €0 | +€52,757 | |
| Other operating charges | 640/8 | €124,044 | €72,055 | -€51,988 | -41.9% |
| Gross operating margin | 9900 | €1,832,000 | €1,711,888 | -€120,113 | -6.6% |
| Operating profit (loss) | 9901 | €709,299 | €522,565 | -€186,734 | -26.3% |
| Financial income | 75/76B | €5,220 | €3,862 | -€1,358 | -26.0% |
| Recurring financial income | 75 | €5,220 | €3,862 | -€1,358 | -26.0% |
| Financial charges | 65/66B | €18,583 | €17,294 | -€1,289 | -6.9% |
| Recurring financial charges | 65 | €18,583 | €17,294 | -€1,289 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €695,936 | €509,133 | -€186,804 | -26.8% |
| Income taxes | 67/77 | €182,926 | €137,158 | -€45,768 | -25.0% |
| Profit (loss) for the period | 9904 | €513,010 | €371,975 | -€141,035 | -27.5% |
| Profit (loss) for the period to be appropriated | 9905 | €513,010 | €371,975 | -€141,035 | -27.5% |
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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 4 November 2026 via checked.be.