EPPE SEGRIF: 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.
EPPE SEGRIF
Largest movements
- Receivables within one year -€57,590
down €57,590 (-5.3%), from €1.1m to €1.0m
of which Other amounts receivable: -€93,189
- Cash +€32,410
up €32,410 (+22.0%), from €147,088 to €179,498
mainly Net result for the year (+€111,365) and Receivables within one year (+€57,590)
- Deferred charges and accrued income -€20,738
down €20,738 (-35.1%), from €59,101 to €38,362
- Profit (loss) carried forward +€111,365
up €111,365 (+15.7%), from €707,717 to €819,083
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Trade debts -€38,180
down €38,180 (-6.4%), from €597,578 to €559,398
- Tax, wage and social debts -€32,836
down €32,836 (-24.5%), from €134,078 to €101,242
of which Taxes: -€37,719
- Staff costs +€58,724
up €58,724 (+15.5%), from €379,736 to €438,460
- Taxes -€14,517
down €14,517 (-24.3%), from €59,728 to €45,211
- Financial income -€10,499
down €10,499 (-51.2%), from €20,501 to €10,002
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 | €1,624,374 | €1,560,667 | -€63,707 | -3.9% |
| Fixed assets | 21/28 | €112,827 | €103,628 | -€9,199 | -8.2% |
| Intangible fixed assets | 21 | €15,877 | €10,872 | -€5,005 | -31.5% |
| Tangible fixed assets | 22/27 | €10,187 | €5,993 | -€4,194 | -41.2% |
| Furniture and vehicles | 24 | €10,187 | €5,993 | -€4,194 | -41.2% |
| Financial fixed assets | 28 | €86,763 | €86,763 | = | 0.0% |
| Current assets | 29/58 | €1,511,547 | €1,457,039 | -€54,508 | -3.6% |
| Stocks and contracts in progress | 3 | €208,809 | €200,220 | -€8,589 | -4.1% |
| Stocks | 30/36 | €208,809 | €200,220 | -€8,589 | -4.1% |
| Amounts receivable within one year | 40/41 | €1,096,548 | €1,038,958 | -€57,590 | -5.3% |
| Trade receivables | 40 | €745,914 | €781,512 | +€35,599 | +4.8% |
| Other amounts receivable | 41 | €350,635 | €257,446 | -€93,189 | -26.6% |
| Cash at bank and in hand | 54/58 | €147,088 | €179,498 | +€32,410 | +22.0% |
| Deferred charges and accrued income | 490/1 | €59,101 | €38,362 | -€20,738 | -35.1% |
| Total equity and liabilities | 10/49 | €1,624,374 | €1,560,667 | -€63,707 | -3.9% |
| Equity | 10/15 | €775,917 | €887,283 | +€111,365 | +14.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €707,717 | €819,083 | +€111,365 | +15.7% |
| Amounts payable | 17/49 | €848,456 | €673,384 | -€175,072 | -20.6% |
| Amounts payable within one year | 42/48 | €848,456 | €673,384 | -€175,072 | -20.6% |
| Trade debts | 44 | €597,578 | €559,398 | -€38,180 | -6.4% |
| Suppliers | 440/4 | €597,578 | €559,398 | -€38,180 | -6.4% |
| Advances received on contracts in progress | 46 | €16,800 | €12,744 | -€4,056 | -24.1% |
| Taxes, remuneration and social security | 45 | €134,078 | €101,242 | -€32,836 | -24.5% |
| Taxes | 450/3 | €63,511 | €25,792 | -€37,719 | -59.4% |
| Remuneration and social security | 454/9 | €70,567 | €75,450 | +€4,883 | +6.9% |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Remuneration, social security and pensions | 62 | €379,736 | €438,460 | +€58,724 | +15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,038 | €10,477 | -€561 | -5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,534 | - | -€1,534 | |
| Other operating charges | 640/8 | €1,956 | €971 | -€985 | -50.4% |
| Gross operating margin | 9900 | €609,159 | €605,890 | -€3,269 | -0.5% |
| Operating profit (loss) | 9901 | €214,896 | €155,982 | -€58,914 | -27.4% |
| Financial income | 75/76B | €20,501 | €10,002 | -€10,499 | -51.2% |
| Recurring financial income | 75 | €20,501 | €10,002 | -€10,499 | -51.2% |
| Financial charges | 65/66B | €7,263 | €9,407 | +€2,145 | +29.5% |
| Recurring financial charges | 65 | €7,263 | €9,407 | +€2,145 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €228,134 | €156,576 | -€71,557 | -31.4% |
| Income taxes | 67/77 | €59,728 | €45,211 | -€14,517 | -24.3% |
| Profit (loss) for the period | 9904 | €168,406 | €111,365 | -€57,041 | -33.9% |
| Profit (loss) for the period to be appropriated | 9905 | €168,406 | €111,365 | -€57,041 | -33.9% |
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 27 October 2026 via checked.be.