EPWorks: 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.
EPWorks
Largest movements
- Tangible fixed assets -€12,421
down €12,421 (-27.7%), from €44,780 to €32,359
of which Plant, machinery and equipment: -€7,202
- Stocks and contracts -€5,614
down €5,614 (-100.0%), from €5,614 to €0
- Receivables within one year +€4,536
up €4,536 (+25.4%), from €17,880 to €22,416
of which Trade receivables: +€4,474
- Deferred charges and accrued income -€2,750
down €2,750 (-100.0%), from €2,750 to €0
- Cash +€2,636
up €2,636 (+43.4%), from €6,075 to €8,711
mainly Other debts (+€20,974) and Depreciation (+€12,421)
- Profit (loss) carried forward -€26,243
down €26,243 (-306.7%), from -€8,557 to -€34,800
- Other debts +€20,974
up €20,974 (+76.2%), from €27,530 to €48,503
- Reserves -€8,557
down €8,557 (-88.5%), from €9,664 to €1,107
- Trade debts +€1,599
up €1,599 (+7.2%), from €22,113 to €23,712
- Advances received -€888
down €888 (-32.3%), from €2,750 to €1,862
- Gross operating margin -€30,218
down €30,218, from €12,032 to -€18,186
- Other operating charges +€2,866
up €2,866 (+450.2%), from €637 to €3,503
- Depreciation +€829
up €829 (+7.1%), from €11,592 to €12,421
- Financial charges +€381
up €381 (+120.9%), from €315 to €696
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 | €77,100 | €63,487 | -€13,613 | -17.7% |
| Fixed assets | 21/28 | €44,780 | €32,359 | -€12,421 | -27.7% |
| Tangible fixed assets | 22/27 | €44,780 | €32,359 | -€12,421 | -27.7% |
| Plant, machinery and equipment | 23 | €22,763 | €15,561 | -€7,202 | -31.6% |
| Furniture and vehicles | 24 | €22,017 | €16,799 | -€5,218 | -23.7% |
| Current assets | 29/58 | €32,319 | €31,128 | -€1,192 | -3.7% |
| Stocks and contracts in progress | 3 | €5,614 | €0 | -€5,614 | -100.0% |
| Contracts in progress | 37 | €5,614 | €0 | -€5,614 | -100.0% |
| Amounts receivable within one year | 40/41 | €17,880 | €22,416 | +€4,536 | +25.4% |
| Trade receivables | 40 | €15,901 | €20,374 | +€4,474 | +28.1% |
| Other amounts receivable | 41 | €1,979 | €2,042 | +€63 | +3.2% |
| Cash at bank and in hand | 54/58 | €6,075 | €8,711 | +€2,636 | +43.4% |
| Deferred charges and accrued income | 490/1 | €2,750 | €0 | -€2,750 | -100.0% |
| Total equity and liabilities | 10/49 | €77,100 | €63,487 | -€13,613 | -17.7% |
| Equity | 10/15 | €19,707 | -€15,093 | -€34,800 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,664 | €1,107 | -€8,557 | -88.5% |
| Distributable reserves | 133 | €9,664 | €1,107 | -€8,557 | -88.5% |
| Profit (loss) carried forward | 14 | -€8,557 | -€34,800 | -€26,243 | -306.7% |
| Amounts payable | 17/49 | €57,393 | €78,580 | +€21,187 | +36.9% |
| Amounts payable within one year | 42/48 | €57,393 | €78,580 | +€21,187 | +36.9% |
| Trade debts | 44 | €22,113 | €23,712 | +€1,599 | +7.2% |
| Suppliers | 440/4 | €22,113 | €23,712 | +€1,599 | +7.2% |
| Advances received on contracts in progress | 46 | €2,750 | €1,862 | -€888 | -32.3% |
| Taxes, remuneration and social security | 45 | €5,000 | €4,502 | -€498 | -10.0% |
| Taxes | 450/3 | €5,000 | €4,502 | -€498 | -10.0% |
| Other amounts payable | 47/48 | €27,530 | €48,503 | +€20,974 | +76.2% |
| Non-recurring operating income | 76A | €21,977 | €0 | -€21,977 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,592 | €12,421 | +€829 | +7.1% |
| Other operating charges | 640/8 | €637 | €3,503 | +€2,866 | +450.2% |
| Gross operating margin | 9900 | €12,032 | -€18,186 | -€30,218 | |
| Operating profit (loss) | 9901 | -€197 | -€34,109 | -€33,912 | -17232.7% |
| Financial income | 75/76B | €2 | €5 | +€3 | +180.9% |
| Recurring financial income | 75 | €2 | €5 | +€3 | +180.9% |
| Financial charges | 65/66B | €315 | €696 | +€381 | +120.9% |
| Recurring financial charges | 65 | €315 | €696 | +€381 | +120.9% |
| Profit (loss) for the period before taxes | 9903 | -€510 | -€34,800 | -€34,290 | -6725.2% |
| Profit (loss) for the period | 9904 | -€510 | -€34,800 | -€34,290 | -6725.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€510 | -€34,800 | -€34,290 | -6725.2% |
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 5 October 2026 via checked.be.