EPSILON: 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.
EPSILON
Largest movements
- Deferred charges and accrued income -€5,792
down €5,792 (-66.1%), from €8,759 to €2,968
- Tangible fixed assets +€1,233
up €1,233 (+1.4%), from €89,600 to €90,832
of which Land and buildings: +€1,343
- Debts after one year -€5,181
down €5,181 (-8.8%), from €58,763 to €53,582
- Reserves +€2,500
up €2,500 (+47.6%), from €5,250 to €7,750
of which Distributable reserves: +€2,500
- Trade debts -€1,255
down €1,255 (-67.5%), from €1,860 to €605
- Gross operating margin -€2,400
down €2,400 (-26.0%), from €9,238 to €6,837
- Other operating charges -€377
down €377 (-29.6%), from €1,276 to €899
- Taxes -€194
down €194 (-13.0%), from €1,493 to €1,298
- Depreciation +€108
up €108 (+5.9%), from €1,839 to €1,947
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 | €107,621 | €103,322 | -€4,299 | -4.0% |
| Fixed assets | 21/28 | €89,600 | €90,832 | +€1,233 | +1.4% |
| Tangible fixed assets | 22/27 | €89,600 | €90,832 | +€1,233 | +1.4% |
| Land and buildings | 22 | €89,489 | €90,832 | +€1,343 | +1.5% |
| Plant, machinery and equipment | 23 | €111 | - | -€111 | |
| Current assets | 29/58 | €18,021 | €12,490 | -€5,531 | -30.7% |
| Amounts receivable within one year | 40/41 | €129 | €831 | +€702 | +544.9% |
| Other amounts receivable | 41 | €129 | €831 | +€702 | +544.9% |
| Cash at bank and in hand | 54/58 | €9,133 | €8,692 | -€442 | -4.8% |
| Deferred charges and accrued income | 490/1 | €8,759 | €2,968 | -€5,792 | -66.1% |
| Total equity and liabilities | 10/49 | €107,621 | €103,322 | -€4,299 | -4.0% |
| Equity | 10/15 | €46,541 | €49,135 | +€2,594 | +5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Share premium | 1100/10 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €5,250 | €7,750 | +€2,500 | +47.6% |
| Non-distributable reserves | 130/1 | €750 | €750 | = | 0.0% |
| Legal reserve | 130 | €750 | €750 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €7,000 | +€2,500 | +55.6% |
| Profit (loss) carried forward | 14 | €21,291 | €21,385 | +€94 | +0.4% |
| Amounts payable | 17/49 | €61,079 | €54,187 | -€6,892 | -11.3% |
| Amounts payable after more than one year | 17 | €58,763 | €53,582 | -€5,181 | -8.8% |
| Other amounts payable | 178/9 | €58,763 | €53,582 | -€5,181 | -8.8% |
| Amounts payable within one year | 42/48 | €2,317 | €605 | -€1,712 | -73.9% |
| Trade debts | 44 | €1,860 | €605 | -€1,255 | -67.5% |
| Suppliers | 440/4 | €1,860 | €605 | -€1,255 | -67.5% |
| Taxes, remuneration and social security | 45 | €457 | - | -€457 | |
| Taxes | 450/3 | €457 | - | -€457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,839 | €1,947 | +€108 | +5.9% |
| Other operating charges | 640/8 | €1,276 | €899 | -€377 | -29.6% |
| Gross operating margin | 9900 | €9,238 | €6,837 | -€2,400 | -26.0% |
| Operating profit (loss) | 9901 | €6,122 | €3,991 | -€2,131 | -34.8% |
| Financial charges | 65/66B | €95 | €100 | +€5 | +4.7% |
| Recurring financial charges | 65 | €95 | €100 | +€5 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €6,027 | €3,892 | -€2,135 | -35.4% |
| Income taxes | 67/77 | €1,493 | €1,298 | -€194 | -13.0% |
| Profit (loss) for the period | 9904 | €4,535 | €2,594 | -€1,941 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,535 | €2,594 | -€1,941 | -42.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.