LES TROIS EPIS: what changed
LES TROIS EPIS
Largest movements
- Cash +€28,471
up €28,471 (+232%), from €12,292 to €40,763
mainly Net result for the year (+€33,639) and Depreciation (+€12,323)
- Tangible fixed assets -€12,323
down €12,323 (-27.7%), from €44,485 to €32,163
of which Plant, machinery and equipment: -€11,459
- Receivables within one year -€2,443
down €2,443 (-48.5%), from €5,041 to €2,597
of which Trade receivables: -€2,465
- Profit (loss) carried forward +€33,639
up €33,639, from -€29,400 to €4,239
- Other debts -€17,626
down €17,626 (-47.2%), from €37,317 to €19,691
- Current portion of long-term debt -€1,949
no longer reported in 2025 (was €1,949)
- Tax, wage and social debts -€1,023
down €1,023 (-16.4%), from €6,251 to €5,228
of which Remuneration and social security: -€1,140
- Staff costs -€14,604
down €14,604 (-35.2%), from €41,439 to €26,835
- Gross operating margin +€10,612
up €10,612 (+16.4%), from €64,625 to €75,237
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 | €78,699 | €92,515 | +€13,816 | +17.6% |
| Fixed assets | 21/28 | €44,485 | €32,163 | -€12,323 | -27.7% |
| Tangible fixed assets | 22/27 | €44,485 | €32,163 | -€12,323 | -27.7% |
| Plant, machinery and equipment | 23 | €42,584 | €31,124 | -€11,459 | -26.9% |
| Furniture and vehicles | 24 | €1,902 | €1,038 | -€863 | -45.4% |
| Current assets | 29/58 | €34,213 | €60,352 | +€26,139 | +76.4% |
| Stocks and contracts in progress | 3 | €16,880 | €16,992 | +€111 | +0.7% |
| Stocks | 30/36 | €16,880 | €16,992 | +€111 | +0.7% |
| Amounts receivable within one year | 40/41 | €5,041 | €2,597 | -€2,443 | -48.5% |
| Trade receivables | 40 | €5,041 | €2,575 | -€2,465 | -48.9% |
| Other amounts receivable | 41 | - | €22 | +€22 | |
| Cash at bank and in hand | 54/58 | €12,292 | €40,763 | +€28,471 | +232% |
| Total equity and liabilities | 10/49 | €78,699 | €92,515 | +€13,816 | +17.6% |
| Equity | 10/15 | €23,764 | €57,253 | +€33,489 | +141% |
| Contributions | 10/11 | €47,243 | €47,093 | -€150 | -0.3% |
| Contributions outside capital | 11 | €47,243 | €47,093 | -€150 | -0.3% |
| Other | 1109/19 | €47,243 | €47,093 | -€150 | -0.3% |
| Reserves | 13 | €5,921 | €5,921 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,921 | €5,921 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,921 | €5,921 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,400 | €4,239 | +€33,639 | |
| Amounts payable | 17/49 | €54,935 | €35,262 | -€19,673 | -35.8% |
| Amounts payable within one year | 42/48 | €54,935 | €35,262 | -€19,673 | -35.8% |
| Current portion of amounts payable after more than one year | 42 | €1,949 | - | -€1,949 | |
| Trade debts | 44 | €9,419 | €10,343 | +€924 | +9.8% |
| Suppliers | 440/4 | €9,419 | €10,343 | +€924 | +9.8% |
| Taxes, remuneration and social security | 45 | €6,251 | €5,228 | -€1,023 | -16.4% |
| Taxes | 450/3 | €486 | €603 | +€118 | +24.2% |
| Remuneration and social security | 454/9 | €5,765 | €4,625 | -€1,140 | -19.8% |
| Other amounts payable | 47/48 | €37,317 | €19,691 | -€17,626 | -47.2% |
| Remuneration, social security and pensions | 62 | €41,439 | €26,835 | -€14,604 | -35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,502 | €12,323 | -€179 | -1.4% |
| Other operating charges | 640/8 | €701 | €731 | +€30 | +4.2% |
| Gross operating margin | 9900 | €64,625 | €75,237 | +€10,612 | +16.4% |
| Operating profit (loss) | 9901 | €9,983 | €35,348 | +€25,365 | +254% |
| Financial income | 75/76B | €774 | €916 | +€141 | +18.3% |
| Recurring financial income | 75 | €774 | €916 | +€141 | +18.3% |
| Financial charges | 65/66B | €1,809 | €2,208 | +€398 | +22.0% |
| Recurring financial charges | 65 | €1,809 | €2,208 | +€398 | +22.0% |
| Profit (loss) for the period before taxes | 9903 | €8,948 | €34,056 | +€25,108 | +281% |
| Income taxes | 67/77 | €1 | €417 | +€416 | +57,036% |
| Profit (loss) for the period | 9904 | €8,947 | €33,639 | +€24,692 | +276% |
| Profit (loss) for the period to be appropriated | 9905 | €8,947 | €33,639 | +€24,692 | +276% |
Next steps
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.