EPG: 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.
EPG
Largest movements
No asset line moved by more than 1% of the balance sheet total.
- Debts after one year -€731,470
down €731,470 (-10.3%), from €7.1m to €6.4m
- Reserves +€731,013
up €731,013 (+25.2%), from €2.9m to €3.6m
of which Distributable reserves: +€694,463
- Financial income +€747,998
new in 2025: €747,998
- Financial charges -€2,688
down €2,688 (-22.8%), from €11,772 to €9,084
- Gross operating margin -€2,298
down €2,298 (-49.9%), from -€4,604 to -€6,902
- Other operating charges -€1,165
down €1,165 (-53.8%), from €2,163 to €998
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 | €22,430,349 | €22,430,727 | +€378 | 0.0% |
| Fixed assets | 21/28 | €22,430,000 | €22,430,000 | = | 0.0% |
| Financial fixed assets | 28 | €22,430,000 | €22,430,000 | = | 0.0% |
| Current assets | 29/58 | €349 | €727 | +€378 | +108.4% |
| Cash at bank and in hand | 54/58 | €349 | €727 | +€378 | +108.4% |
| Total equity and liabilities | 10/49 | €22,430,349 | €22,430,727 | +€378 | 0.0% |
| Equity | 10/15 | €15,329,699 | €16,060,713 | +€731,013 | +4.8% |
| Contributions | 10/11 | €12,426,220 | €12,426,220 | = | 0.0% |
| Capital | 10 | €12,426,220 | €12,426,220 | = | 0.0% |
| Issued capital | 100 | €12,426,220 | €12,426,220 | = | 0.0% |
| Reserves | 13 | €2,903,479 | €3,634,493 | +€731,013 | +25.2% |
| Non-distributable reserves | 130/1 | €147,104 | €183,654 | +€36,551 | +24.8% |
| Legal reserve | 130 | €147,104 | €183,654 | +€36,551 | +24.8% |
| Distributable reserves | 133 | €2,756,376 | €3,450,838 | +€694,463 | +25.2% |
| Amounts payable | 17/49 | €7,100,649 | €6,370,014 | -€730,635 | -10.3% |
| Amounts payable after more than one year | 17 | €7,100,649 | €6,369,179 | -€731,470 | -10.3% |
| Other amounts payable | 178/9 | €7,100,649 | €6,369,179 | -€731,470 | -10.3% |
| Amounts payable within one year | 42/48 | - | €835 | +€835 | |
| Trade debts | 44 | - | €835 | +€835 | |
| Suppliers | 440/4 | - | €835 | +€835 | |
| Other operating charges | 640/8 | €2,163 | €998 | -€1,165 | -53.8% |
| Gross operating margin | 9900 | -€4,604 | -€6,902 | -€2,298 | -49.9% |
| Operating profit (loss) | 9901 | -€6,768 | -€7,901 | -€1,133 | -16.7% |
| Financial income | 75/76B | - | €747,998 | +€747,998 | |
| Recurring financial income | 75 | - | €747,998 | +€747,998 | |
| Financial charges | 65/66B | €11,772 | €9,084 | -€2,688 | -22.8% |
| Recurring financial charges | 65 | €11,772 | €9,084 | -€2,688 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | -€18,540 | €731,013 | +€749,553 | |
| Profit (loss) for the period | 9904 | -€18,540 | €731,013 | +€749,553 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,540 | €731,013 | +€749,553 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.