DE ESSENTIE: 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.
DE ESSENTIE
Largest movements
- Receivables after one year +€50,000
up €50,000 (+125%), from €40,000 to €90,000
- Receivables within one year +€43,130
up €43,130 (+146%), from €29,536 to €72,666
of which Trade receivables: +€26,809
- Financial fixed assets -€24,000
down €24,000 (-2.5%), from €967,555 to €943,555
- Reserves +€117,707
up €117,707 (+49.7%), from €236,850 to €354,557
- Other debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Debts after one year -€24,000
down €24,000 (-66.7%), from €36,000 to €12,000
- Trade debts +€23,030
up €23,030 (+736%), from €3,129 to €26,159
- Gross operating margin +€55,758
up €55,758 (+68.6%), from €81,338 to €137,096
- Financial charges +€22,498
up €22,498 (+172%), from €13,089 to €35,586
of which Non-recurring financial charges: +€22,000
- Financial income -€15,668
down €15,668 (-20.0%), from €78,465 to €62,797
- Taxes +€12,076
up €12,076 (+37.0%), from €32,664 to €44,740
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.
Derived cash bridge
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 | €1,149,123 | €1,227,404 | +€78,280 | +6.8% |
| Formation expenses | 20 | €2,366 | €1,311 | -€1,054 | -44.6% |
| Fixed assets | 21/28 | €973,027 | €943,555 | -€29,472 | -3.0% |
| Tangible fixed assets | 22/27 | €5,472 | €0 | -€5,472 | -100% |
| Furniture and vehicles | 24 | €5,472 | €0 | -€5,472 | -100% |
| Financial fixed assets | 28 | €967,555 | €943,555 | -€24,000 | -2.5% |
| Current assets | 29/58 | €173,730 | €282,537 | +€108,807 | +62.6% |
| Amounts receivable after more than one year | 29 | €40,000 | €90,000 | +€50,000 | +125% |
| Other amounts receivable | 291 | €40,000 | €90,000 | +€50,000 | +125% |
| Amounts receivable within one year | 40/41 | €29,536 | €72,666 | +€43,130 | +146% |
| Trade receivables | 40 | €29,119 | €55,927 | +€26,809 | +92.1% |
| Other amounts receivable | 41 | €417 | €16,738 | +€16,321 | +3,911% |
| Cash at bank and in hand | 54/58 | €98,650 | €109,837 | +€11,188 | +11.3% |
| Deferred charges and accrued income | 490/1 | €5,545 | €10,034 | +€4,490 | +81.0% |
| Total equity and liabilities | 10/49 | €1,149,123 | €1,227,404 | +€78,280 | +6.8% |
| Equity | 10/15 | €1,014,450 | €1,132,157 | +€117,707 | +11.6% |
| Contributions | 10/11 | €777,600 | €777,600 | = | 0.0% |
| Reserves | 13 | €236,850 | €354,557 | +€117,707 | +49.7% |
| Distributable reserves | 133 | €236,850 | €354,557 | +€117,707 | +49.7% |
| Amounts payable | 17/49 | €134,674 | €95,247 | -€39,427 | -29.3% |
| Amounts payable after more than one year | 17 | €36,000 | €12,000 | -€24,000 | -66.7% |
| Financial debts | 170/4 | €36,000 | €12,000 | -€24,000 | -66.7% |
| Amounts payable within one year | 42/48 | €97,731 | €81,452 | -€16,280 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €24,000 | €24,000 | = | 0.0% |
| Trade debts | 44 | €3,129 | €26,159 | +€23,030 | +736% |
| Suppliers | 440/4 | €3,129 | €26,159 | +€23,030 | +736% |
| Taxes, remuneration and social security | 45 | €20,602 | €31,293 | +€10,691 | +51.9% |
| Taxes | 450/3 | €20,602 | €31,293 | +€10,691 | +51.9% |
| Other amounts payable | 47/48 | €50,000 | €0 | -€50,000 | -100% |
| Accrued charges and deferred income | 492/3 | €943 | €1,795 | +€853 | +90.5% |
| Non-recurring operating income | 76A | - | €7,596 | +€7,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,108 | €1,123 | -€985 | -46.7% |
| Other operating charges | 640/8 | €492 | €737 | +€245 | +49.7% |
| Gross operating margin | 9900 | €81,338 | €137,096 | +€55,758 | +68.6% |
| Operating profit (loss) | 9901 | €78,738 | €135,236 | +€56,498 | +71.8% |
| Financial income | 75/76B | €78,465 | €62,797 | -€15,668 | -20.0% |
| Recurring financial income | 75 | €78,465 | €62,797 | -€15,668 | -20.0% |
| Financial charges | 65/66B | €13,089 | €35,586 | +€22,498 | +172% |
| Recurring financial charges | 65 | €1,089 | €1,586 | +€498 | +45.7% |
| Non-recurring financial charges | 66B | €12,000 | €34,000 | +€22,000 | +183% |
| Profit (loss) for the period before taxes | 9903 | €144,114 | €162,447 | +€18,332 | +12.7% |
| Income taxes | 67/77 | €32,664 | €44,740 | +€12,076 | +37.0% |
| Profit (loss) for the period | 9904 | €111,451 | €117,707 | +€6,256 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,451 | €117,707 | +€6,256 | +5.6% |
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 21 October 2026 via checked.be.