L'épi 95: what changed
L'épi 95
Largest movements
- Receivables within one year +€11,212
up €11,212 (+390%), from €2,872 to €14,084
of which Trade receivables: +€10,091
- Cash -€8,439
down €8,439 (-25.0%), from €33,774 to €25,335
mainly Trade debts (-€13,609) and Receivables within one year (-€11,212)
- Stocks and contracts +€5,855
up €5,855 (+58.4%), from €10,032 to €15,887
- Tangible fixed assets -€2,500
down €2,500 (-13.2%), from €18,880 to €16,380
of which Furniture and vehicles: -€3,153
- Profit (loss) carried forward +€21,868
up €21,868 (+107%), from €20,436 to €42,304
- Trade debts -€13,609
down €13,609 (-54.1%), from €25,177 to €11,568
- Tax, wage and social debts -€2,393
down €2,393 (-22.4%), from €10,700 to €8,307
of which Taxes: -€3,104
- Gross operating margin +€4,628
up €4,628 (+7.1%), from €65,278 to €69,906
- Staff costs +€1,580
up €1,580 (+5.0%), from €31,610 to €33,190
- Financial charges +€733
up €733 (+34.2%), from €2,144 to €2,877
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,396 | €72,573 | +€6,177 | +9.3% |
| Fixed assets | 21/28 | €18,880 | €16,380 | -€2,500 | -13.2% |
| Tangible fixed assets | 22/27 | €18,880 | €16,380 | -€2,500 | -13.2% |
| Plant, machinery and equipment | 23 | €2,555 | €3,885 | +€1,330 | +52.1% |
| Furniture and vehicles | 24 | €10,401 | €7,248 | -€3,153 | -30.3% |
| Other tangible fixed assets | 26 | €5,924 | €5,247 | -€677 | -11.4% |
| Current assets | 29/58 | €47,516 | €56,193 | +€8,677 | +18.3% |
| Stocks and contracts in progress | 3 | €10,032 | €15,887 | +€5,855 | +58.4% |
| Stocks | 30/36 | €10,032 | €15,887 | +€5,855 | +58.4% |
| Amounts receivable within one year | 40/41 | €2,872 | €14,084 | +€11,212 | +390% |
| Trade receivables | 40 | €2,611 | €12,702 | +€10,091 | +386% |
| Other amounts receivable | 41 | €261 | €1,382 | +€1,121 | +430% |
| Cash at bank and in hand | 54/58 | €33,774 | €25,335 | -€8,439 | -25.0% |
| Deferred charges and accrued income | 490/1 | €838 | €887 | +€49 | +5.8% |
| Total equity and liabilities | 10/49 | €66,396 | €72,573 | +€6,177 | +9.3% |
| Equity | 10/15 | €30,436 | €52,304 | +€21,868 | +71.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,436 | €42,304 | +€21,868 | +107% |
| Amounts payable | 17/49 | €35,960 | €20,269 | -€15,691 | -43.6% |
| Amounts payable within one year | 42/48 | €35,960 | €19,875 | -€16,085 | -44.7% |
| Trade debts | 44 | €25,177 | €11,568 | -€13,609 | -54.1% |
| Suppliers | 440/4 | €25,177 | €11,568 | -€13,609 | -54.1% |
| Taxes, remuneration and social security | 45 | €10,700 | €8,307 | -€2,393 | -22.4% |
| Taxes | 450/3 | €5,775 | €2,671 | -€3,104 | -53.7% |
| Remuneration and social security | 454/9 | €4,925 | €5,636 | +€711 | +14.4% |
| Other amounts payable | 47/48 | €83 | - | -€83 | |
| Accrued charges and deferred income | 492/3 | - | €394 | +€394 | |
| Remuneration, social security and pensions | 62 | €31,610 | €33,190 | +€1,580 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,147 | €4,359 | +€212 | +5.1% |
| Other operating charges | 640/8 | €216 | €346 | +€130 | +60.2% |
| Gross operating margin | 9900 | €65,278 | €69,906 | +€4,628 | +7.1% |
| Operating profit (loss) | 9901 | €29,305 | €32,011 | +€2,706 | +9.2% |
| Financial income | 75/76B | €75 | €48 | -€27 | -36.0% |
| Recurring financial income | 75 | €75 | €48 | -€27 | -36.0% |
| Financial charges | 65/66B | €2,144 | €2,877 | +€733 | +34.2% |
| Recurring financial charges | 65 | €2,144 | €2,877 | +€733 | +34.2% |
| Profit (loss) for the period before taxes | 9903 | €27,236 | €29,182 | +€1,946 | +7.1% |
| Income taxes | 67/77 | €6,800 | €7,314 | +€514 | +7.6% |
| Profit (loss) for the period | 9904 | €20,436 | €21,868 | +€1,432 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,436 | €21,868 | +€1,432 | +7.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.