L’ÉPOPÉE: what changed
Two financial 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.
L’ÉPOPÉE
Largest movements
- Stocks and contracts +€178,763
up €178,763 (+9,931%), from €1,800 to €180,563
- Tangible fixed assets +€27,552
up €27,552 (+56.5%), from €48,806 to €76,358
- Cash +€24,817
up €24,817 (+38.5%), from €64,499 to €89,316
mainly Debts after one year (+€146,445) and Net result for the year (+€33,611)
- Debts after one year +€146,445
new in 2026: €146,445
- Profit (loss) carried forward +€33,611
up €33,611, from -€11,475 to €22,135
- Current portion of long-term debt +€19,555
new in 2026: €19,555
- Trade debts +€14,242
up €14,242 (+40.1%), from €35,533 to €49,774
- Other debts +€9,605
new in 2026: €9,605
- Gross operating margin +€63,294
up €63,294, from -€11,120 to €52,174
- Depreciation +€6,980
up €6,980 (+1,994%), from €350 to €7,330
- Taxes +€5,535
new in 2026: €5,535
- Financial charges +€5,373
up €5,373 (+108,554%), from €5 to €5,378
From the 2025 result to the 2026 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.
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €124,843 | €356,360 | +€231,517 | +185% |
| Fixed assets | 21/28 | €48,806 | €76,358 | +€27,552 | +56.5% |
| Tangible fixed assets | 22/27 | €48,806 | €76,358 | +€27,552 | +56.5% |
| Furniture and vehicles | 24 | €48,806 | €76,358 | +€27,552 | +56.5% |
| Current assets | 29/58 | €76,037 | €280,002 | +€203,965 | +268% |
| Stocks and contracts in progress | 3 | €1,800 | €180,563 | +€178,763 | +9,931% |
| Stocks | 30/36 | €1,800 | €180,563 | +€178,763 | +9,931% |
| Amounts receivable within one year | 40/41 | €9,738 | €9,985 | +€247 | +2.5% |
| Trade receivables | 40 | €1,161 | €3,737 | +€2,576 | +222% |
| Other amounts receivable | 41 | €8,577 | €6,248 | -€2,329 | -27.2% |
| Cash at bank and in hand | 54/58 | €64,499 | €89,316 | +€24,817 | +38.5% |
| Deferred charges and accrued income | 490/1 | - | €138 | +€138 | |
| Total equity and liabilities | 10/49 | €124,843 | €356,360 | +€231,517 | +185% |
| Equity | 10/15 | €88,525 | €122,135 | +€33,611 | +38.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,475 | €22,135 | +€33,611 | |
| Amounts payable | 17/49 | €36,318 | €234,224 | +€197,907 | +545% |
| Amounts payable after more than one year | 17 | - | €146,445 | +€146,445 | |
| Other amounts payable | 178/9 | - | €146,445 | +€146,445 | |
| Amounts payable within one year | 42/48 | €36,318 | €87,779 | +€51,461 | +142% |
| Current portion of amounts payable after more than one year | 42 | - | €19,555 | +€19,555 | |
| Trade debts | 44 | €35,533 | €49,774 | +€14,242 | +40.1% |
| Suppliers | 440/4 | €35,533 | €49,774 | +€14,242 | +40.1% |
| Taxes, remuneration and social security | 45 | €785 | €8,845 | +€8,059 | +1,026% |
| Taxes | 450/3 | €785 | €8,845 | +€8,059 | +1,026% |
| Other amounts payable | 47/48 | - | €9,605 | +€9,605 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €350 | €7,330 | +€6,980 | +1,994% |
| Other operating charges | 640/8 | - | €320 | +€320 | |
| Gross operating margin | 9900 | -€11,120 | €52,174 | +€63,294 | |
| Operating profit (loss) | 9901 | -€11,470 | €44,524 | +€55,994 | |
| Financial charges | 65/66B | €5 | €5,378 | +€5,373 | +108,554% |
| Recurring financial charges | 65 | €5 | €5,378 | +€5,373 | +108,554% |
| Profit (loss) for the period before taxes | 9903 | -€11,475 | €39,146 | +€50,621 | |
| Income taxes | 67/77 | - | €5,535 | +€5,535 | |
| Profit (loss) for the period | 9904 | -€11,475 | €33,611 | +€45,086 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,475 | €33,611 | +€45,086 |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.