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
- Cash +€7,764
up €7,764 (+51.1%), from €15,201 to €22,965
mainly Other debts (+€15,195) and Net result for the year (+€11,387)
- Receivables within one year +€720
up €720 (+219.2%), from €329 to €1,049
of which Trade receivables: +€421
- Tax, wage and social debts -€18,752
down €18,752 (-99.6%), from €18,825 to €73
of which Remuneration and social security: -€18,825
- Other debts +€15,195
up €15,195 (+16.1%), from €94,116 to €109,311
- Profit (loss) carried forward +€11,387
up €11,387 (+9.6%), from -€118,263 to -€106,875
- Trade debts +€348
new in 2025: €348
- Gross operating margin +€1,696
up €1,696 (+16.0%), from €10,577 to €12,273
- Other operating charges +€129
up €129 (+32.5%), from €398 to €527
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 | €16,646 | €24,825 | +€8,179 | +49.1% |
| Fixed assets | 21/28 | €963 | €811 | -€152 | -15.8% |
| Tangible fixed assets | 22/27 | €963 | €811 | -€152 | -15.8% |
| Plant, machinery and equipment | 23 | €963 | €811 | -€152 | -15.8% |
| Current assets | 29/58 | €15,683 | €24,014 | +€8,331 | +53.1% |
| Stocks and contracts in progress | 3 | €154 | - | -€154 | |
| Stocks | 30/36 | €154 | - | -€154 | |
| Amounts receivable within one year | 40/41 | €329 | €1,049 | +€720 | +219.2% |
| Trade receivables | 40 | - | €421 | +€421 | |
| Other amounts receivable | 41 | €329 | €628 | +€299 | +91.0% |
| Cash at bank and in hand | 54/58 | €15,201 | €22,965 | +€7,764 | +51.1% |
| Total equity and liabilities | 10/49 | €16,646 | €24,825 | +€8,179 | +49.1% |
| Equity | 10/15 | -€96,295 | -€84,908 | +€11,387 | +11.8% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €2,968 | €2,968 | = | 0.0% |
| Distributable reserves | 133 | €2,968 | €2,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,263 | -€106,875 | +€11,387 | +9.6% |
| Amounts payable | 17/49 | €112,941 | €109,733 | -€3,209 | -2.8% |
| Amounts payable within one year | 42/48 | €112,941 | €109,733 | -€3,209 | -2.8% |
| Trade debts | 44 | - | €348 | +€348 | |
| Suppliers | 440/4 | - | €348 | +€348 | |
| Taxes, remuneration and social security | 45 | €18,825 | €73 | -€18,752 | -99.6% |
| Taxes | 450/3 | - | €73 | +€73 | |
| Remuneration and social security | 454/9 | €18,825 | - | -€18,825 | |
| Other amounts payable | 47/48 | €94,116 | €109,311 | +€15,195 | +16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €152 | €152 | = | 0.0% |
| Other operating charges | 640/8 | €398 | €527 | +€129 | +32.5% |
| Gross operating margin | 9900 | €10,577 | €12,273 | +€1,696 | +16.0% |
| Operating profit (loss) | 9901 | €10,027 | €11,594 | +€1,566 | +15.6% |
| Financial charges | 65/66B | €225 | €206 | -€19 | -8.3% |
| Recurring financial charges | 65 | €225 | €206 | -€19 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €9,802 | €11,387 | +€1,585 | +16.2% |
| Profit (loss) for the period | 9904 | €9,802 | €11,387 | +€1,585 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €9,802 | €11,387 | +€1,585 | +16.2% |
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 5 October 2026 via checked.be.