IMMO EPPAM: 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.
IMMO EPPAM
Largest movements
- Tangible fixed assets -€36,336
down €36,336 (-4.4%), from €835,026 to €798,690
of which Land and buildings: -€26,544
- Other debts -€43,497
down €43,497 (-81.3%), from €53,497 to €10,000
- Debts after one year -€10,891
down €10,891 (-1.5%), from €719,318 to €708,427
of which Financial debts: -€7,804
- Gross operating margin +€17,120
up €17,120 (+47.4%), from €36,112 to €53,232
- Depreciation +€15,153
up €15,153 (+57.5%), from €26,345 to €41,498
- Financial charges +€1,189
up €1,189 (+22.3%), from €5,329 to €6,518
- Taxes -€634
down €634 (-30.6%), from €2,069 to €1,435
- Other operating charges +€538
up €538 (+56.8%), from €948 to €1,486
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 | €851,739 | €809,302 | -€42,437 | -5.0% |
| Fixed assets | 21/28 | €835,026 | €798,690 | -€36,336 | -4.4% |
| Tangible fixed assets | 22/27 | €835,026 | €798,690 | -€36,336 | -4.4% |
| Land and buildings | 22 | €772,012 | €745,468 | -€26,544 | -3.4% |
| Plant, machinery and equipment | 23 | €1,053 | €814 | -€239 | -22.7% |
| Furniture and vehicles | 24 | €39,038 | €32,430 | -€6,608 | -16.9% |
| Other tangible fixed assets | 26 | €22,923 | €19,977 | -€2,946 | -12.9% |
| Current assets | 29/58 | €16,713 | €10,612 | -€6,101 | -36.5% |
| Amounts receivable within one year | 40/41 | €12,942 | €7,360 | -€5,582 | -43.1% |
| Trade receivables | 40 | €12,808 | €6,226 | -€6,582 | -51.4% |
| Other amounts receivable | 41 | €134 | €1,134 | +€1,000 | +746.6% |
| Cash at bank and in hand | 54/58 | €527 | €243 | -€284 | -54.0% |
| Deferred charges and accrued income | 490/1 | €3,244 | €3,009 | -€235 | -7.2% |
| Total equity and liabilities | 10/49 | €851,739 | €809,302 | -€42,437 | -5.0% |
| Equity | 10/15 | €50,691 | €52,987 | +€2,296 | +4.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,191 | €21,487 | +€2,296 | +12.0% |
| Amounts payable | 17/49 | €801,048 | €756,315 | -€44,733 | -5.6% |
| Amounts payable after more than one year | 17 | €719,318 | €708,427 | -€10,891 | -1.5% |
| Financial debts | 170/4 | €137,139 | €129,335 | -€7,804 | -5.7% |
| Other amounts payable | 178/9 | €582,179 | €579,092 | -€3,087 | -0.5% |
| Amounts payable within one year | 42/48 | €81,730 | €47,598 | -€34,132 | -41.8% |
| Current portion of amounts payable after more than one year | 42 | €7,470 | €7,804 | +€334 | +4.5% |
| Trade debts | 44 | €12,723 | €21,098 | +€8,375 | +65.8% |
| Suppliers | 440/4 | €12,723 | €21,098 | +€8,375 | +65.8% |
| Taxes, remuneration and social security | 45 | €8,040 | €8,696 | +€656 | +8.2% |
| Taxes | 450/3 | €4,740 | €5,396 | +€656 | +13.8% |
| Remuneration and social security | 454/9 | €3,300 | €3,300 | = | 0.0% |
| Other amounts payable | 47/48 | €53,497 | €10,000 | -€43,497 | -81.3% |
| Accrued charges and deferred income | 492/3 | - | €290 | +€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,345 | €41,498 | +€15,153 | +57.5% |
| Other operating charges | 640/8 | €948 | €1,486 | +€538 | +56.8% |
| Gross operating margin | 9900 | €36,112 | €53,232 | +€17,120 | +47.4% |
| Operating profit (loss) | 9901 | €8,819 | €10,248 | +€1,429 | +16.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €5,329 | €6,518 | +€1,189 | +22.3% |
| Recurring financial charges | 65 | €5,329 | €6,518 | +€1,189 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €3,490 | €3,731 | +€241 | +6.9% |
| Income taxes | 67/77 | €2,069 | €1,435 | -€634 | -30.6% |
| Profit (loss) for the period | 9904 | €1,421 | €2,296 | +€875 | +61.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,421 | €2,296 | +€875 | +61.6% |
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 29 September 2026 via checked.be.