EPSILON: 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.
EPSILON
Largest movements
- Intangible fixed assets -€12,295
down €12,295 (-17.6%), from €69,702 to €57,407
- Deferred charges and accrued income +€11,555
up €11,555 (+1,561%), from €740 to €12,295
- Receivables within one year +€6,492
up €6,492 (+116%), from €5,600 to €12,092
- Tangible fixed assets -€2,082
down €2,082 (-7.7%), from €27,050 to €24,968
- Cash -€1,451
down €1,451 (-32.7%), from €4,440 to €2,989
mainly Deferred charges and accrued income (-€11,555) and Receivables within one year (-€6,492)
- Profit (loss) carried forward +€2,196
up €2,196 (+1.2%), from -€176,628 to -€174,432
- Depreciation +€2,083
new in 2025: €2,083
- Other operating charges -€1,637
down €1,637 (-78.9%), from €2,076 to €439
- Turnover +€976
up €976 (+7.7%), from €12,594 to €13,570
- Purchases and services +€661
up €661 (+7.8%), from €8,484 to €9,145
- Financial income +€473
new in 2025: €473
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.
Derived cash bridge
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 | €107,532 | €109,751 | +€2,219 | +2.1% |
| Fixed assets | 21/28 | €96,752 | €82,375 | -€14,377 | -14.9% |
| Intangible fixed assets | 21 | €69,702 | €57,407 | -€12,295 | -17.6% |
| Tangible fixed assets | 22/27 | €27,050 | €24,968 | -€2,082 | -7.7% |
| Furniture and vehicles | 24 | €27,050 | €24,968 | -€2,082 | -7.7% |
| Current assets | 29/58 | €10,780 | €27,376 | +€16,596 | +154% |
| Amounts receivable within one year | 40/41 | €5,600 | €12,092 | +€6,492 | +116% |
| Other amounts receivable | 41 | €5,600 | €12,092 | +€6,492 | +116% |
| Cash at bank and in hand | 54/58 | €4,440 | €2,989 | -€1,451 | -32.7% |
| Deferred charges and accrued income | 490/1 | €740 | €12,295 | +€11,555 | +1,561% |
| Total equity and liabilities | 10/49 | €107,532 | €109,751 | +€2,219 | +2.1% |
| Equity | 10/15 | €106,806 | €109,002 | +€2,196 | +2.1% |
| Contributions | 10/11 | €20,079 | €20,079 | = | 0.0% |
| Reserves | 13 | €263,355 | €263,355 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,007 | €2,007 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,007 | €2,007 | = | 0.0% |
| Distributable reserves | 133 | €261,348 | €261,348 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€176,628 | -€174,432 | +€2,196 | +1.2% |
| Amounts payable | 17/49 | €726 | €749 | +€23 | +3.2% |
| Amounts payable within one year | 42/48 | €726 | €749 | +€23 | +3.2% |
| Trade debts | 44 | €726 | €374 | -€352 | -48.5% |
| Suppliers | 440/4 | €726 | €374 | -€352 | -48.5% |
| Taxes, remuneration and social security | 45 | - | €375 | +€375 | |
| Taxes | 450/3 | - | €375 | +€375 | |
| Turnover | 70 | €12,594 | €13,570 | +€976 | +7.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €8,484 | €9,145 | +€661 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,083 | +€2,083 | |
| Other operating charges | 640/8 | €2,076 | €439 | -€1,637 | -78.9% |
| Gross operating margin | 9900 | €4,110 | €4,425 | +€315 | +7.7% |
| Operating profit (loss) | 9901 | €2,034 | €1,903 | -€131 | -6.4% |
| Financial income | 75/76B | - | €473 | +€473 | |
| Recurring financial income | 75 | - | €473 | +€473 | |
| Financial charges | 65/66B | €130 | €180 | +€50 | +38.5% |
| Recurring financial charges | 65 | €130 | €180 | +€50 | +38.5% |
| Profit (loss) for the period before taxes | 9903 | €1,904 | €2,196 | +€292 | +15.3% |
| Profit (loss) for the period | 9904 | €1,904 | €2,196 | +€292 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,904 | €2,196 | +€292 | +15.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.