EPSILOC: 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.
EPSILOC
Largest movements
- Tangible fixed assets +€18,834
new in 2025: €18,834
- Receivables within one year -€11,689
down €11,689 (-75.7%), from €15,436 to €3,747
of which Trade receivables: -€10,991
- Cash -€9,796
down €9,796 (-83.9%), from €11,669 to €1,873
mainly Investment in fixed assets (net) (-€17,296) and Tax, wage and social debts (-€17,126)
- Financial fixed assets -€1,694
no longer reported in 2025 (was €1,694)
- Other debts +€24,179
new in 2025: €24,179
- Tax, wage and social debts -€17,126
down €17,126 (-89.7%), from €19,089 to €1,963
of which Remuneration and social security: -€9,566
- Profit (loss) carried forward -€8,519
down €8,519, from €4,700 to -€3,819
- Trade debts -€3,261
down €3,261 (-51.3%), from €6,363 to €3,102
- Gross operating margin -€65,209
down €65,209, from €60,308 to -€4,901
- Staff costs -€30,251
down €30,251 (-93.0%), from €32,514 to €2,263
- Financial charges -€20,089
down €20,089 (-96.9%), from €20,724 to €635
- Taxes -€1,952
down €1,952 (-98.8%), from €1,976 to €24
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 | €30,152 | €25,588 | -€4,564 | -15.1% |
| Fixed assets | 21/28 | €1,694 | €18,834 | +€17,140 | +1011.8% |
| Tangible fixed assets | 22/27 | - | €18,834 | +€18,834 | |
| Furniture and vehicles | 24 | - | €18,834 | +€18,834 | |
| Financial fixed assets | 28 | €1,694 | - | -€1,694 | |
| Current assets | 29/58 | €28,458 | €6,754 | -€21,704 | -76.3% |
| Amounts receivable within one year | 40/41 | €15,436 | €3,747 | -€11,689 | -75.7% |
| Trade receivables | 40 | €14,672 | €3,681 | -€10,991 | -74.9% |
| Other amounts receivable | 41 | €764 | €66 | -€698 | -91.4% |
| Current investments | 50/53 | - | €28 | +€28 | |
| Cash at bank and in hand | 54/58 | €11,669 | €1,873 | -€9,796 | -83.9% |
| Deferred charges and accrued income | 490/1 | €1,353 | €1,106 | -€247 | -18.3% |
| Total equity and liabilities | 10/49 | €30,152 | €25,588 | -€4,564 | -15.1% |
| Equity | 10/15 | €4,700 | -€3,819 | -€8,519 | |
| Profit (loss) carried forward | 14 | €4,700 | -€3,819 | -€8,519 | |
| Amounts payable | 17/49 | €25,452 | €29,408 | +€3,956 | +15.5% |
| Amounts payable within one year | 42/48 | €25,452 | €29,408 | +€3,956 | +15.5% |
| Financial debts | 43 | - | €164 | +€164 | |
| Credit institutions | 430/8 | - | €164 | +€164 | |
| Trade debts | 44 | €6,363 | €3,102 | -€3,261 | -51.3% |
| Suppliers | 440/4 | €6,363 | €3,102 | -€3,261 | -51.3% |
| Taxes, remuneration and social security | 45 | €19,089 | €1,963 | -€17,126 | -89.7% |
| Taxes | 450/3 | €8,357 | €798 | -€7,560 | -90.5% |
| Remuneration and social security | 454/9 | €10,732 | €1,166 | -€9,566 | -89.1% |
| Other amounts payable | 47/48 | - | €24,179 | +€24,179 | |
| Remuneration, social security and pensions | 62 | €32,514 | €2,263 | -€30,251 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €156 | +€156 | |
| Other operating charges | 640/8 | €434 | €625 | +€191 | +44.0% |
| Gross operating margin | 9900 | €60,308 | -€4,901 | -€65,209 | |
| Operating profit (loss) | 9901 | €27,360 | -€7,944 | -€35,304 | |
| Financial income | 75/76B | €40 | €84 | +€44 | +109.1% |
| Recurring financial income | 75 | €40 | €84 | +€44 | +109.1% |
| Financial charges | 65/66B | €20,724 | €635 | -€20,089 | -96.9% |
| Recurring financial charges | 65 | €20,724 | €635 | -€20,089 | -96.9% |
| Profit (loss) for the period before taxes | 9903 | €6,676 | -€8,495 | -€15,171 | |
| Income taxes | 67/77 | €1,976 | €24 | -€1,952 | -98.8% |
| Profit (loss) for the period | 9904 | €4,700 | -€8,519 | -€13,219 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,700 | -€8,519 | -€13,219 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.