EPSICOM: 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.
EPSICOM
Largest movements
- Deferred charges and accrued income +€3,053
up €3,053 (+974.5%), from €313 to €3,366
- Receivables within one year +€2,140
up €2,140 (+17.7%), from €12,071 to €14,211
of which Trade receivables: +€2,526
- Cash +€224
up €224 (+21.2%), from €1,057 to €1,281
mainly Other debts (+€7,992) and Net result for the year (+€3,833)
- Other debts +€7,992
up €7,992 (+20.2%), from €39,620 to €47,612
- Debts after one year -€5,457
no longer reported in 2025 (was €5,457)
- Profit (loss) carried forward +€3,833
up €3,833 (+5.0%), from -€76,307 to -€72,474
- Trade debts -€1,132
down €1,132 (-4.9%), from €22,960 to €21,828
- Gross operating margin +€5,709
up €5,709, from -€198 to €5,511
- Taxes -€373
no longer reported in 2025 (was €373)
- Depreciation -€323
down €323 (-64.0%), from €505 to €182
- Other operating charges -€138
down €138 (-10.5%), from €1,307 to €1,169
- Financial charges +€80
up €80 (+31.7%), from €251 to €331
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 | €14,231 | €19,467 | +€5,236 | +36.8% |
| Fixed assets | 21/28 | €790 | €609 | -€182 | -23.0% |
| Tangible fixed assets | 22/27 | €630 | €448 | -€182 | -28.9% |
| Furniture and vehicles | 24 | €630 | €448 | -€182 | -28.9% |
| Financial fixed assets | 28 | €161 | €161 | = | 0.0% |
| Current assets | 29/58 | €13,441 | €18,858 | +€5,417 | +40.3% |
| Amounts receivable within one year | 40/41 | €12,071 | €14,211 | +€2,140 | +17.7% |
| Trade receivables | 40 | €11,212 | €13,738 | +€2,526 | +22.5% |
| Other amounts receivable | 41 | €859 | €473 | -€386 | -45.0% |
| Cash at bank and in hand | 54/58 | €1,057 | €1,281 | +€224 | +21.2% |
| Deferred charges and accrued income | 490/1 | €313 | €3,366 | +€3,053 | +974.5% |
| Total equity and liabilities | 10/49 | €14,231 | €19,467 | +€5,236 | +36.8% |
| Equity | 10/15 | -€54,932 | -€51,098 | +€3,833 | +7.0% |
| Contributions | 10/11 | €16,163 | €16,163 | = | 0.0% |
| Reserves | 13 | €5,213 | €5,213 | = | 0.0% |
| Non-distributable reserves | 130/1 | €228 | €228 | = | 0.0% |
| Reserves not available under the articles | 1311 | €228 | €228 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,985 | €4,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€76,307 | -€72,474 | +€3,833 | +5.0% |
| Amounts payable | 17/49 | €69,163 | €70,565 | +€1,402 | +2.0% |
| Amounts payable after more than one year | 17 | €5,457 | - | -€5,457 | |
| Financial debts | 170/4 | €5,457 | - | -€5,457 | |
| Amounts payable within one year | 42/48 | €63,705 | €70,565 | +€6,860 | +10.8% |
| Current portion of amounts payable after more than one year | 42 | €1,125 | €1,125 | = | 0.0% |
| Trade debts | 44 | €22,960 | €21,828 | -€1,132 | -4.9% |
| Suppliers | 440/4 | €22,960 | €21,828 | -€1,132 | -4.9% |
| Other amounts payable | 47/48 | €39,620 | €47,612 | +€7,992 | +20.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €505 | €182 | -€323 | -64.0% |
| Other operating charges | 640/8 | €1,307 | €1,169 | -€138 | -10.5% |
| Gross operating margin | 9900 | -€198 | €5,511 | +€5,709 | |
| Operating profit (loss) | 9901 | -€2,009 | €4,161 | +€6,170 | |
| Financial income | 75/76B | €4 | €4 | -€1 | -13.6% |
| Recurring financial income | 75 | €4 | €4 | -€1 | -13.6% |
| Financial charges | 65/66B | €251 | €331 | +€80 | +31.7% |
| Recurring financial charges | 65 | €251 | €331 | +€80 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,256 | €3,833 | +€6,090 | |
| Income taxes | 67/77 | €373 | - | -€373 | |
| Profit (loss) for the period | 9904 | -€2,629 | €3,833 | +€6,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,629 | €3,833 | +€6,463 |
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 30 September 2026 via checked.be.