EPPERTO: 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.
EPPERTO
Largest movements
- Current investments +€75,000
new in 2025: €75,000
- Cash -€58,527
down €58,527 (-60.2%), from €97,208 to €38,681
mainly Current investments (-€75,000) and Receivables within one year (-€8,941)
- Receivables within one year +€8,941
up €8,941 (+78.4%), from €11,404 to €20,345
- Tangible fixed assets -€2,583
down €2,583 (-81.1%), from €3,185 to €602
- Reserves +€24,368
up €24,368 (+26.0%), from €93,654 to €118,022
- Trade debts -€3,322
down €3,322 (-85.2%), from €3,900 to €578
- Tax, wage and social debts +€1,825
up €1,825 (+17.8%), from €10,276 to €12,100
- Gross operating margin -€28,214
down €28,214 (-44.4%), from €63,576 to €35,363
- Taxes -€5,005
down €5,005 (-39.3%), from €12,751 to €7,745
- Depreciation -€639
down €639 (-19.8%), from €3,223 to €2,583
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 | €112,019 | €134,854 | +€22,835 | +20.4% |
| Fixed assets | 21/28 | €3,185 | €602 | -€2,583 | -81.1% |
| Tangible fixed assets | 22/27 | €3,185 | €602 | -€2,583 | -81.1% |
| Furniture and vehicles | 24 | €3,185 | €602 | -€2,583 | -81.1% |
| Current assets | 29/58 | €108,834 | €134,252 | +€25,418 | +23.4% |
| Amounts receivable within one year | 40/41 | €11,404 | €20,345 | +€8,941 | +78.4% |
| Trade receivables | 40 | €11,404 | €20,345 | +€8,941 | +78.4% |
| Current investments | 50/53 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €97,208 | €38,681 | -€58,527 | -60.2% |
| Deferred charges and accrued income | 490/1 | €221 | €226 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €112,019 | €134,854 | +€22,835 | +20.4% |
| Equity | 10/15 | €97,654 | €122,022 | +€24,368 | +25.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €93,654 | €118,022 | +€24,368 | +26.0% |
| Distributable reserves | 133 | €93,654 | €118,022 | +€24,368 | +26.0% |
| Amounts payable | 17/49 | €14,365 | €12,832 | -€1,533 | -10.7% |
| Amounts payable within one year | 42/48 | €14,365 | €12,832 | -€1,533 | -10.7% |
| Trade debts | 44 | €3,900 | €578 | -€3,322 | -85.2% |
| Suppliers | 440/4 | €3,900 | €578 | -€3,322 | -85.2% |
| Taxes, remuneration and social security | 45 | €10,276 | €12,100 | +€1,825 | +17.8% |
| Taxes | 450/3 | €10,276 | €12,100 | +€1,825 | +17.8% |
| Other amounts payable | 47/48 | €189 | €154 | -€35 | -18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,223 | €2,583 | -€639 | -19.8% |
| Other operating charges | 640/8 | €288 | €487 | +€199 | +69.1% |
| Gross operating margin | 9900 | €63,576 | €35,363 | -€28,214 | -44.4% |
| Operating profit (loss) | 9901 | €60,066 | €32,293 | -€27,773 | -46.2% |
| Financial income | 75/76B | €0 | €176 | +€176 | +62,754% |
| Recurring financial income | 75 | €0 | €176 | +€176 | +62,754% |
| Financial charges | 65/66B | €551 | €356 | -€196 | -35.5% |
| Recurring financial charges | 65 | €551 | €356 | -€196 | -35.5% |
| Profit (loss) for the period before taxes | 9903 | €59,515 | €32,113 | -€27,402 | -46.0% |
| Income taxes | 67/77 | €12,751 | €7,745 | -€5,005 | -39.3% |
| Profit (loss) for the period | 9904 | €46,764 | €24,368 | -€22,396 | -47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,764 | €24,368 | -€22,396 | -47.9% |
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.