EPSTRA: 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.
EPSTRA
Largest movements
- Cash -€28,307
down €28,307 (-23.7%), from €119,484 to €91,177
mainly Contributions, distributions and other (-€84,000) and Other debts (-€16,000)
- Receivables within one year -€3,037
down €3,037 (-28.8%), from €10,553 to €7,516
of which Other amounts receivable: -€6,637
- Other debts -€16,000
down €16,000 (-16.0%), from €100,000 to €84,000
- Profit (loss) carried forward -€10,610
down €10,610 (-97.4%), from €10,898 to €288
- Tax, wage and social debts -€4,269
down €4,269 (-60.9%), from €7,015 to €2,746
- Gross operating margin -€21,969
down €21,969 (-19.1%), from €115,113 to €93,144
- Taxes -€4,753
down €4,753 (-20.0%), from €23,747 to €18,994
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 | €132,543 | €102,061 | -€30,482 | -23.0% |
| Fixed assets | 21/28 | €155 | €966 | +€811 | +523.2% |
| Intangible fixed assets | 21 | - | €916 | +€916 | |
| Tangible fixed assets | 22/27 | €105 | - | -€105 | |
| Plant, machinery and equipment | 23 | €105 | - | -€105 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €132,388 | €101,095 | -€31,293 | -23.6% |
| Amounts receivable within one year | 40/41 | €10,553 | €7,516 | -€3,037 | -28.8% |
| Trade receivables | 40 | - | €3,600 | +€3,600 | |
| Other amounts receivable | 41 | €10,553 | €3,916 | -€6,637 | -62.9% |
| Cash at bank and in hand | 54/58 | €119,484 | €91,177 | -€28,307 | -23.7% |
| Deferred charges and accrued income | 490/1 | €2,351 | €2,402 | +€51 | +2.2% |
| Total equity and liabilities | 10/49 | €132,543 | €102,061 | -€30,482 | -23.0% |
| Equity | 10/15 | €13,398 | €2,788 | -€10,610 | -79.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,898 | €288 | -€10,610 | -97.4% |
| Amounts payable | 17/49 | €119,145 | €99,273 | -€19,872 | -16.7% |
| Amounts payable after more than one year | 17 | €11,528 | €12,270 | +€742 | +6.4% |
| Other amounts payable | 178/9 | €11,528 | €12,270 | +€742 | +6.4% |
| Amounts payable within one year | 42/48 | €107,617 | €87,003 | -€20,614 | -19.2% |
| Trade debts | 44 | €602 | €257 | -€345 | -57.3% |
| Suppliers | 440/4 | €602 | €257 | -€345 | -57.3% |
| Taxes, remuneration and social security | 45 | €7,015 | €2,746 | -€4,269 | -60.9% |
| Taxes | 450/3 | €7,015 | €2,746 | -€4,269 | -60.9% |
| Other amounts payable | 47/48 | €100,000 | €84,000 | -€16,000 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €365 | €189 | -€176 | -48.2% |
| Other operating charges | 640/8 | €432 | €446 | +€14 | +3.2% |
| Gross operating margin | 9900 | €115,113 | €93,144 | -€21,969 | -19.1% |
| Operating profit (loss) | 9901 | €114,316 | €92,509 | -€21,807 | -19.1% |
| Financial charges | 65/66B | €84 | €125 | +€41 | +48.8% |
| Recurring financial charges | 65 | €84 | €125 | +€41 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €114,232 | €92,384 | -€21,848 | -19.1% |
| Income taxes | 67/77 | €23,747 | €18,994 | -€4,753 | -20.0% |
| Profit (loss) for the period | 9904 | €90,485 | €73,390 | -€17,095 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,485 | €73,390 | -€17,095 | -18.9% |
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 7 October 2026 via checked.be.