epTechnieken: what changed
What changed
epTechnieken
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€12,796
2024 · €245,534-€232,739
Equity
€618,876
2024 · €606,081+€12,796
Cash
€242,457
2024 · €273,171-€30,714
Balance sheet total
€2.2m
2024 · €1.9m+€323,604
Largest movements
Assets
- Receivables within one year +€308,644
up €308,644 (+34.8%), from €888,160 to €1.2m
of which Trade receivables: +€258,374
- Cash -€30,714
down €30,714 (-11.2%), from €273,171 to €242,457
mainly Receivables within one year (-€308,644) and Short-term financial debts (-€148,497)
- Tangible fixed assets +€24,583
up €24,583 (+31.5%), from €78,016 to €102,599
of which Furniture and vehicles: +€28,969
Equity and liabilities
- Trade debts +€429,497
up €429,497 (+100%), from €429,317 to €858,814
- Short-term financial debts -€148,497
down €148,497 (-26.0%), from €571,582 to €423,085
- Tax, wage and social debts +€72,002
up €72,002 (+33.7%), from €213,505 to €285,507
of which Remuneration and social security: +€69,844
- Current portion of long-term debt -€33,060
down €33,060 (-90.1%), from €36,683 to €3,623
Income statement
- Gross operating margin -€167,093
down €167,093 (-6.9%), from €2.4m to €2.3m
- Staff costs +€146,975
up €146,975 (+7.4%), from €2.0m to €2.1m
- Taxes -€73,029
down €73,029 (-73.9%), from €98,761 to €25,732
- Financial charges -€31,520
down €31,520 (-35.4%), from €89,033 to €57,513
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€245,534
Gross operating margin
-€167,093
Staff costs
-€146,975
Depreciation
+€390
Write-downs
-€1,205
Other operating charges
-€439
Other operating items
-€6,262
Financial income
-€15,705
Financial charges
+€31,520
Taxes
+€73,029
Result 2025
€12,796
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€203,110
Investment
-€48,644
Financing
-€185,180
Cash 2024
€273,171
From operations (derived)
+€203,110
Net result for the year
+€12,796
Depreciation
+€25,187
Stocks and contracts
-€3,748
Receivables within one year
-€308,644
Deferred charges and accrued income
-€18,469
Trade debts
+€429,497
Tax, wage and social debts
+€72,002
Other debts
-€396
Accrued charges and deferred income
-€5,115
Investment (derived)
-€48,644
Investment in fixed assets (net)
-€48,644
Financing
-€185,180
Debts after one year
-€3,623
Current portion of long-term debt
-€33,060
Short-term financial debts
-€148,497
Cash 2025
€242,457
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,879,875 | €2,203,479 | +€323,604 | +17.2% |
| Fixed assets | 21/28 | €102,722 | €126,178 | +€23,457 | +22.8% |
| Intangible fixed assets | 21 | €2,205 | €1,079 | -€1,127 | -51.1% |
| Tangible fixed assets | 22/27 | €78,016 | €102,599 | +€24,583 | +31.5% |
| Plant, machinery and equipment | 23 | €12,764 | €12,185 | -€579 | -4.5% |
| Furniture and vehicles | 24 | €48,692 | €77,661 | +€28,969 | +59.5% |
| Other tangible fixed assets | 26 | €16,559 | €12,753 | -€3,806 | -23.0% |
| Financial fixed assets | 28 | €22,500 | €22,500 | = | 0.0% |
| Current assets | 29/58 | €1,777,153 | €2,077,300 | +€300,147 | +16.9% |
| Stocks and contracts in progress | 3 | €604,804 | €608,552 | +€3,748 | +0.6% |
| Stocks | 30/36 | €383,958 | €388,148 | +€4,190 | +1.1% |
| Contracts in progress | 37 | €220,846 | €220,404 | -€442 | -0.2% |
| Amounts receivable within one year | 40/41 | €888,160 | €1,196,804 | +€308,644 | +34.8% |
| Trade receivables | 40 | €843,237 | €1,101,611 | +€258,374 | +30.6% |
| Other amounts receivable | 41 | €44,923 | €95,193 | +€50,270 | +112% |
| Cash at bank and in hand | 54/58 | €273,171 | €242,457 | -€30,714 | -11.2% |
| Deferred charges and accrued income | 490/1 | €11,018 | €29,487 | +€18,469 | +168% |
| Total equity and liabilities | 10/49 | €1,879,875 | €2,203,479 | +€323,604 | +17.2% |
| Equity | 10/15 | €606,081 | €618,876 | +€12,796 | +2.1% |
| Contributions | 10/11 | €318,592 | €318,592 | = | 0.0% |
| Reserves | 13 | €287,489 | €300,284 | +€12,796 | +4.5% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €268,739 | €281,534 | +€12,796 | +4.8% |
| Amounts payable | 17/49 | €1,273,794 | €1,584,602 | +€310,808 | +24.4% |
| Amounts payable after more than one year | 17 | €3,623 | €0 | -€3,623 | -100% |
| Financial debts | 170/4 | €3,623 | €0 | -€3,623 | -100% |
| Amounts payable within one year | 42/48 | €1,253,851 | €1,573,397 | +€319,546 | +25.5% |
| Current portion of amounts payable after more than one year | 42 | €36,683 | €3,623 | -€33,060 | -90.1% |
| Financial debts | 43 | €571,582 | €423,085 | -€148,497 | -26.0% |
| Credit institutions | 430/8 | €571,582 | €423,085 | -€148,497 | -26.0% |
| Trade debts | 44 | €429,317 | €858,814 | +€429,497 | +100% |
| Suppliers | 440/4 | €429,317 | €858,814 | +€429,497 | +100% |
| Taxes, remuneration and social security | 45 | €213,505 | €285,507 | +€72,002 | +33.7% |
| Taxes | 450/3 | €40,622 | €42,780 | +€2,158 | +5.3% |
| Remuneration and social security | 454/9 | €172,883 | €242,728 | +€69,844 | +40.4% |
| Other amounts payable | 47/48 | €2,764 | €2,368 | -€396 | -14.3% |
| Accrued charges and deferred income | 492/3 | €16,320 | €11,205 | -€5,115 | -31.3% |
| Non-recurring operating income | 76A | €4,945 | €3,306 | -€1,639 | -33.2% |
| Remuneration, social security and pensions | 62 | €1,986,374 | €2,133,349 | +€146,975 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,577 | €25,187 | -€390 | -1.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,205 | +€1,205 | |
| Other operating charges | 640/8 | €6,876 | €7,315 | +€439 | +6.4% |
| Non-recurring operating charges | 66A | €288 | €6,550 | +€6,262 | +2,172% |
| Gross operating margin | 9900 | €2,433,954 | €2,266,861 | -€167,093 | -6.9% |
| Operating profit (loss) | 9901 | €414,838 | €93,254 | -€321,583 | -77.5% |
| Financial income | 75/76B | €18,491 | €2,787 | -€15,705 | -84.9% |
| Recurring financial income | 75 | €18,491 | €2,787 | -€15,705 | -84.9% |
| Financial charges | 65/66B | €89,033 | €57,513 | -€31,520 | -35.4% |
| Recurring financial charges | 65 | €89,033 | €57,513 | -€31,520 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €344,296 | €38,528 | -€305,768 | -88.8% |
| Income taxes | 67/77 | €98,761 | €25,732 | -€73,029 | -73.9% |
| Profit (loss) for the period | 9904 | €245,534 | €12,796 | -€232,739 | -94.8% |
| Profit (loss) for the period to be appropriated | 9905 | €245,534 | €12,796 | -€232,739 | -94.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.