EPPUR: what changed
Two fiscal 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.
EPPUR
Largest movements
- Tangible fixed assets +€208,203
up €208,203 (+2079.5%), from €10,012 to €218,215
of which Land and buildings: +€175,417
- Cash +€12,672
up €12,672 (+22.7%), from €55,804 to €68,476
mainly Other debts (+€108,733) and Net result for the year (+€39,812)
- Other debts +€108,733
up €108,733 (+1299.5%), from €8,367 to €117,100
- Reserves +€39,810
up €39,810 (+69.2%), from €57,500 to €97,310
- Accrued charges and deferred income +€28,273
up €28,273 (+17127.7%), from €165 to €28,438
- Tax, wage and social debts +€23,048
up €23,048 (+79.4%), from €29,042 to €52,090
of which Taxes: +€22,041
- Debts after one year +€11,455
new in 2025: €11,455
- Depreciation +€34,421
up €34,421 (+839.8%), from €4,099 to €38,519
- Gross operating margin +€32,935
up €32,935 (+46.4%), from €70,915 to €103,851
- Taxes +€5,121
up €5,121 (+28.4%), from €18,020 to €23,141
- Financial charges -€3,543
down €3,543 (-69.2%), from €5,118 to €1,575
of which Non-recurring financial charges: -€4,639
- Financial income +€1,499
up €1,499 (+148414.9%), from €1 to €1,500
of which Non-recurring financial income: +€1,500
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.
Cash bridge derived
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 | €106,114 | €329,432 | +€223,318 | +210.5% |
| Fixed assets | 21/28 | €10,012 | €218,215 | +€208,203 | +2079.5% |
| Tangible fixed assets | 22/27 | €10,012 | €218,215 | +€208,203 | +2079.5% |
| Land and buildings | 22 | - | €175,417 | +€175,417 | |
| Furniture and vehicles | 24 | €10,012 | €42,799 | +€32,787 | +327.5% |
| Current assets | 29/58 | €96,102 | €111,217 | +€15,115 | +15.7% |
| Amounts receivable after more than one year | 29 | €22,500 | €22,500 | = | 0.0% |
| Other amounts receivable | 291 | €22,500 | €22,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,931 | €19,132 | +€2,200 | +13.0% |
| Trade receivables | 40 | €16,931 | €15,073 | -€1,858 | -11.0% |
| Other amounts receivable | 41 | - | €4,058 | +€4,058 | |
| Cash at bank and in hand | 54/58 | €55,804 | €68,476 | +€12,672 | +22.7% |
| Deferred charges and accrued income | 490/1 | €867 | €1,109 | +€242 | +27.9% |
| Total equity and liabilities | 10/49 | €106,114 | €329,432 | +€223,318 | +210.5% |
| Equity | 10/15 | €66,657 | €106,469 | +€39,812 | +59.7% |
| Contributions | 10/11 | €9,112 | €9,112 | = | 0.0% |
| Reserves | 13 | €57,500 | €97,310 | +€39,810 | +69.2% |
| Distributable reserves | 133 | €57,500 | €97,310 | +€39,810 | +69.2% |
| Profit (loss) carried forward | 14 | €46 | €47 | +€2 | +4.2% |
| Amounts payable | 17/49 | €39,457 | €222,962 | +€183,506 | +465.1% |
| Amounts payable after more than one year | 17 | - | €11,455 | +€11,455 | |
| Financial debts | 170/4 | - | €11,455 | +€11,455 | |
| Amounts payable within one year | 42/48 | €39,292 | €183,070 | +€143,778 | +365.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,227 | +€8,227 | |
| Trade debts | 44 | €1,882 | €5,652 | +€3,770 | +200.4% |
| Suppliers | 440/4 | €1,882 | €5,652 | +€3,770 | +200.4% |
| Taxes, remuneration and social security | 45 | €29,042 | €52,090 | +€23,048 | +79.4% |
| Taxes | 450/3 | €28,627 | €50,667 | +€22,041 | +77.0% |
| Remuneration and social security | 454/9 | €416 | €1,423 | +€1,008 | +242.3% |
| Other amounts payable | 47/48 | €8,367 | €117,100 | +€108,733 | +1299.5% |
| Accrued charges and deferred income | 492/3 | €165 | €28,438 | +€28,273 | +17127.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,099 | €38,519 | +€34,421 | +839.8% |
| Other operating charges | 640/8 | €2,521 | €2,304 | -€218 | -8.6% |
| Gross operating margin | 9900 | €70,915 | €103,851 | +€32,935 | +46.4% |
| Operating profit (loss) | 9901 | €64,296 | €63,028 | -€1,268 | -2.0% |
| Financial income | 75/76B | €1 | €1,500 | +€1,499 | +148414.9% |
| Recurring financial income | 75 | €1 | €1,500 | +€1,499 | +148414.9% |
| Non-recurring financial income | 76B | - | €1,500 | +€1,500 | |
| Financial charges | 65/66B | €5,118 | €1,575 | -€3,543 | -69.2% |
| Recurring financial charges | 65 | €478 | €1,575 | +€1,097 | +229.2% |
| Non-recurring financial charges | 66B | €4,639 | - | -€4,639 | |
| Profit (loss) for the period before taxes | 9903 | €59,179 | €62,953 | +€3,774 | +6.4% |
| Income taxes | 67/77 | €18,020 | €23,141 | +€5,121 | +28.4% |
| Profit (loss) for the period | 9904 | €41,159 | €39,812 | -€1,347 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €41,159 | €39,812 | -€1,347 | -3.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.