EPSLOG: 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.
EPSLOG
Largest movements
- Cash +€367,417
up €367,417 (+117%), from €313,551 to €680,968
mainly Net result for the year (+€464,335) and Depreciation (+€226,480)
- Current investments +€200,000
up €200,000 (+48.6%), from €411,240 to €611,240
- Tangible fixed assets +€162,837
up €162,837 (+22.4%), from €726,410 to €889,246
of which Plant, machinery and equipment: +€107,741
- Receivables within one year -€50,284
down €50,284 (-14.4%), from €348,351 to €298,067
of which Other amounts receivable: -€82,606
- Profit (loss) carried forward +€464,335
up €464,335 (+35.8%), from €1.3m to €1.8m
- Trade debts +€110,107
up €110,107 (+51.0%), from €215,989 to €326,095
- Other debts +€67,469
up €67,469 (+6,708%), from €1,006 to €68,475
- Debts after one year +€33,804
up €33,804 (+38.9%), from €86,964 to €120,769
- Turnover +€536,030
up €536,030 (+25.0%), from €2.1m to €2.7m
- Purchases and services +€323,454
up €323,454 (+30.1%), from €1.1m to €1.4m
- Gross operating margin +€270,260
up €270,260 (+24.5%), from €1.1m to €1.4m
- Depreciation +€62,729
up €62,729 (+38.3%), from €163,751 to €226,480
- Staff costs +€62,676
up €62,676 (+14.3%), from €439,664 to €502,340
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 | €1,830,068 | €2,489,172 | +€659,104 | +36.0% |
| Fixed assets | 21/28 | €729,868 | €890,079 | +€160,212 | +22.0% |
| Intangible fixed assets | 21 | €2,726 | €101 | -€2,625 | -96.3% |
| Tangible fixed assets | 22/27 | €726,410 | €889,246 | +€162,837 | +22.4% |
| Land and buildings | 22 | €162,707 | €176,746 | +€14,038 | +8.6% |
| Plant, machinery and equipment | 23 | €276,634 | €384,375 | +€107,741 | +38.9% |
| Furniture and vehicles | 24 | €34,506 | €83,494 | +€48,989 | +142% |
| Other tangible fixed assets | 26 | €252,563 | €244,632 | -€7,931 | -3.1% |
| Financial fixed assets | 28 | €732 | €732 | = | 0.0% |
| Current assets | 29/58 | €1,100,200 | €1,599,093 | +€498,893 | +45.3% |
| Stocks and contracts in progress | 3 | €17,184 | - | -€17,184 | |
| Stocks | 30/36 | €17,184 | - | -€17,184 | |
| Amounts receivable within one year | 40/41 | €348,351 | €298,067 | -€50,284 | -14.4% |
| Trade receivables | 40 | €217,151 | €249,474 | +€32,322 | +14.9% |
| Other amounts receivable | 41 | €131,199 | €48,593 | -€82,606 | -63.0% |
| Current investments | 50/53 | €411,240 | €611,240 | +€200,000 | +48.6% |
| Cash at bank and in hand | 54/58 | €313,551 | €680,968 | +€367,417 | +117% |
| Deferred charges and accrued income | 490/1 | €9,875 | €8,818 | -€1,057 | -10.7% |
| Total equity and liabilities | 10/49 | €1,830,068 | €2,489,172 | +€659,104 | +36.0% |
| Equity | 10/15 | €1,416,085 | €1,880,420 | +€464,335 | +32.8% |
| Contributions | 10/11 | €93,342 | €93,342 | = | 0.0% |
| Capital | 10 | €93,342 | €93,342 | = | 0.0% |
| Issued capital | 100 | €93,342 | €93,342 | = | 0.0% |
| Reserves | 13 | €20,574 | €20,574 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,574 | €20,574 | = | 0.0% |
| Legal reserve | 130 | €9,334 | €9,334 | = | 0.0% |
| Own shares acquired | 1312 | €11,240 | €11,240 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,295,434 | €1,759,769 | +€464,335 | +35.8% |
| Investment grants | 15 | €6,734 | €6,734 | = | 0.0% |
| Amounts payable | 17/49 | €413,984 | €608,753 | +€194,769 | +47.0% |
| Amounts payable after more than one year | 17 | €86,964 | €120,769 | +€33,804 | +38.9% |
| Financial debts | 170/4 | €86,964 | €120,769 | +€33,804 | +38.9% |
| Amounts payable within one year | 42/48 | €327,019 | €487,984 | +€160,964 | +49.2% |
| Current portion of amounts payable after more than one year | 42 | €18,304 | €18,742 | +€438 | +2.4% |
| Trade debts | 44 | €215,989 | €326,095 | +€110,107 | +51.0% |
| Suppliers | 440/4 | €215,989 | €326,095 | +€110,107 | +51.0% |
| Taxes, remuneration and social security | 45 | €91,721 | €74,672 | -€17,050 | -18.6% |
| Taxes | 450/3 | €22,605 | €10,139 | -€12,465 | -55.1% |
| Remuneration and social security | 454/9 | €69,117 | €64,532 | -€4,585 | -6.6% |
| Other amounts payable | 47/48 | €1,006 | €68,475 | +€67,469 | +6,708% |
| Turnover | 70 | €2,142,912 | €2,678,941 | +€536,030 | +25.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,073,804 | €1,397,258 | +€323,454 | +30.1% |
| Remuneration, social security and pensions | 62 | €439,664 | €502,340 | +€62,676 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,751 | €226,480 | +€62,729 | +38.3% |
| Other operating charges | 640/8 | €10,058 | €6,049 | -€4,009 | -39.9% |
| Non-recurring operating charges | 66A | €79,417 | - | -€79,417 | |
| Gross operating margin | 9900 | €1,104,171 | €1,374,431 | +€270,260 | +24.5% |
| Operating profit (loss) | 9901 | €411,282 | €639,563 | +€228,281 | +55.5% |
| Financial income | 75/76B | €12,524 | €12,308 | -€216 | -1.7% |
| Recurring financial income | 75 | €12,524 | €12,308 | -€216 | -1.7% |
| Financial charges | 65/66B | €6,531 | €35,670 | +€29,139 | +446% |
| Recurring financial charges | 65 | €6,531 | €35,670 | +€29,139 | +446% |
| Profit (loss) for the period before taxes | 9903 | €417,275 | €616,201 | +€198,926 | +47.7% |
| Income taxes | 67/77 | €126,245 | €151,866 | +€25,621 | +20.3% |
| Profit (loss) for the period | 9904 | €291,030 | €464,335 | +€173,305 | +59.5% |
| Profit (loss) for the period to be appropriated | 9905 | €291,030 | €464,335 | +€173,305 | +59.5% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.