EPSILON CONSULTING: 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 CONSULTING
Largest movements
- Current investments +€40,653
up €40,653 (+41.0%), from €99,186 to €139,839
- Tangible fixed assets -€23,984
down €23,984 (-6.5%), from €366,530 to €342,546
of which Furniture and vehicles: -€35,876
- Receivables within one year +€19,606
up €19,606 (+384%), from €5,102 to €24,709
of which Trade receivables: +€20,001
- Cash +€13,266
up €13,266 (+10.0%), from €132,602 to €145,869
mainly Net result for the year (+€72,861) and Depreciation (+€35,032)
- Reserves +€69,801
up €69,801 (+15.9%), from €440,202 to €510,003
of which Distributable reserves: +€73,643
- Current portion of long-term debt -€15,631
down €15,631 (-51.7%), from €30,240 to €14,609
- Debts after one year -€14,609
down €14,609 (-39.6%), from €36,924 to €22,315
- Gross operating margin -€112,309
down €112,309 (-43.4%), from €258,508 to €146,200
- Taxes -€27,101
down €27,101 (-43.7%), from €62,007 to €34,906
- Depreciation -€13,475
down €13,475 (-27.8%), from €48,507 to €35,032
- Financial income +€3,962
up €3,962 (+585%), from €678 to €4,640
of which Non-recurring financial income: +€4,121
- Financial charges -€2,776
down €2,776 (-79.9%), from €3,476 to €700
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 | €607,793 | €655,135 | +€47,342 | +7.8% |
| Fixed assets | 21/28 | €366,530 | €342,546 | -€23,984 | -6.5% |
| Tangible fixed assets | 22/27 | €366,530 | €342,546 | -€23,984 | -6.5% |
| Land and buildings | 22 | €270,175 | €258,513 | -€11,662 | -4.3% |
| Plant, machinery and equipment | 23 | €4,201 | €27,945 | +€23,744 | +565% |
| Furniture and vehicles | 24 | €91,394 | €55,518 | -€35,876 | -39.3% |
| Other tangible fixed assets | 26 | €760 | €570 | -€190 | -25.0% |
| Current assets | 29/58 | €241,264 | €312,590 | +€71,326 | +29.6% |
| Amounts receivable within one year | 40/41 | €5,102 | €24,709 | +€19,606 | +384% |
| Trade receivables | 40 | €4,688 | €24,688 | +€20,001 | +427% |
| Other amounts receivable | 41 | €415 | €20 | -€394 | -95.1% |
| Current investments | 50/53 | €99,186 | €139,839 | +€40,653 | +41.0% |
| Cash at bank and in hand | 54/58 | €132,602 | €145,869 | +€13,266 | +10.0% |
| Deferred charges and accrued income | 490/1 | €4,373 | €2,174 | -€2,200 | -50.3% |
| Total equity and liabilities | 10/49 | €607,793 | €655,135 | +€47,342 | +7.8% |
| Equity | 10/15 | €489,326 | €559,127 | +€69,801 | +14.3% |
| Contributions | 10/11 | €24,556 | €24,556 | = | 0.0% |
| Reserves | 13 | €440,202 | €510,003 | +€69,801 | +15.9% |
| Tax-exempt reserves | 132 | €36,086 | €32,244 | -€3,842 | -10.6% |
| Distributable reserves | 133 | €404,116 | €477,759 | +€73,643 | +18.2% |
| Profit (loss) carried forward | 14 | €24,568 | €24,568 | = | 0.0% |
| Provisions and deferred taxes | 16 | €5,779 | €4,498 | -€1,281 | -22.2% |
| Deferred taxes | 168 | €5,779 | €4,498 | -€1,281 | -22.2% |
| Amounts payable | 17/49 | €112,688 | €91,510 | -€21,178 | -18.8% |
| Amounts payable after more than one year | 17 | €36,924 | €22,315 | -€14,609 | -39.6% |
| Financial debts | 170/4 | €36,924 | €22,315 | -€14,609 | -39.6% |
| Amounts payable within one year | 42/48 | €75,764 | €69,195 | -€6,568 | -8.7% |
| Current portion of amounts payable after more than one year | 42 | €30,240 | €14,609 | -€15,631 | -51.7% |
| Financial debts | 43 | €735 | €642 | -€93 | -12.7% |
| Credit institutions | 430/8 | €735 | €642 | -€93 | -12.7% |
| Trade debts | 44 | €817 | €5,277 | +€4,460 | +546% |
| Suppliers | 440/4 | €817 | €5,277 | +€4,460 | +546% |
| Taxes, remuneration and social security | 45 | €41,103 | €44,996 | +€3,893 | +9.5% |
| Taxes | 450/3 | €38,213 | €43,170 | +€4,957 | +13.0% |
| Remuneration and social security | 454/9 | €2,890 | €1,826 | -€1,064 | -36.8% |
| Other amounts payable | 47/48 | €2,868 | €3,670 | +€803 | +28.0% |
| Remuneration, social security and pensions | 62 | €9,745 | €7,565 | -€2,180 | -22.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,507 | €35,032 | -€13,475 | -27.8% |
| Other operating charges | 640/8 | €2,449 | €1,056 | -€1,393 | -56.9% |
| Non-recurring operating charges | 66A | €1,287 | €0 | -€1,287 | -100% |
| Gross operating margin | 9900 | €258,508 | €146,200 | -€112,309 | -43.4% |
| Operating profit (loss) | 9901 | €196,520 | €102,547 | -€93,974 | -47.8% |
| Financial income | 75/76B | €678 | €4,640 | +€3,962 | +585% |
| Recurring financial income | 75 | €678 | €519 | -€158 | -23.4% |
| Non-recurring financial income | 76B | €0 | €4,121 | +€4,121 | |
| Financial charges | 65/66B | €3,476 | €700 | -€2,776 | -79.9% |
| Recurring financial charges | 65 | €3,476 | €700 | -€2,776 | -79.9% |
| Profit (loss) for the period before taxes | 9903 | €193,722 | €106,487 | -€87,235 | -45.0% |
| Transfer from deferred taxes | 780 | €708 | €1,281 | +€573 | +81.0% |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €62,007 | €34,906 | -€27,101 | -43.7% |
| Profit (loss) for the period | 9904 | €132,422 | €72,861 | -€59,561 | -45.0% |
| Transfer from tax-exempt reserves | 789 | €2,123 | €3,842 | +€1,720 | +81.0% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €134,545 | €76,703 | -€57,841 | -43.0% |
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 24 October 2026 via checked.be.