E.E.S.A.: what changed
Two fiscal 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.
E.E.S.A.
Largest movements
- Receivables within one year +€12,268
up €12,268 (+30.0%), from €40,894 to €53,162
of which Trade receivables: +€12,000
- Cash -€9,112
down €9,112 (-10.3%), from €88,127 to €79,015
mainly Receivables within one year (-€12,268) and Investment in fixed assets (net) (-€3,413)
- Reserves +€1,821
up €1,821 (+2.7%), from €66,458 to €68,279
- Financial charges -€415
down €415 (-73.1%), from €568 to €153
- Gross operating margin -€273
down €273 (-3.1%), from €8,897 to €8,624
- Financial income +€102
up €102 (+7.9%), from €1,297 to €1,399
of which Financial income: +€117
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 | €173,699 | €175,485 | +€1,786 | +1.0% |
| Fixed assets | 21/28 | €44,386 | €42,998 | -€1,388 | -3.1% |
| Tangible fixed assets | 22/27 | €44,386 | €42,998 | -€1,388 | -3.1% |
| Land and buildings | 22 | €44,386 | €42,998 | -€1,388 | -3.1% |
| Current assets | 29/58 | €129,313 | €132,487 | +€3,174 | +2.5% |
| Amounts receivable within one year | 40/41 | €40,894 | €53,162 | +€12,268 | +30.0% |
| Trade receivables | 40 | €36,000 | €48,000 | +€12,000 | +33.3% |
| Other amounts receivable | 41 | €4,894 | €5,162 | +€268 | +5.5% |
| Cash at bank and in hand | 54/58 | €88,127 | €79,015 | -€9,112 | -10.3% |
| Deferred charges and accrued income | 490/1 | €292 | €310 | +€18 | +6.2% |
| Total equity and liabilities | 10/49 | €173,699 | €175,485 | +€1,786 | +1.0% |
| Equity | 10/15 | €173,133 | €174,954 | +€1,821 | +1.1% |
| Contributions | 10/11 | €93,987 | €93,987 | = | 0.0% |
| Reserves | 13 | €66,458 | €68,279 | +€1,821 | +2.7% |
| Distributable reserves | 133 | €66,458 | €68,279 | +€1,821 | +2.7% |
| Profit (loss) carried forward | 14 | €12,688 | €12,688 | = | 0.0% |
| Amounts payable | 17/49 | €566 | €531 | -€35 | -6.2% |
| Amounts payable within one year | 42/48 | €566 | €531 | -€35 | -6.2% |
| Taxes, remuneration and social security | 45 | €566 | €531 | -€35 | -6.2% |
| Taxes | 450/3 | €566 | €531 | -€35 | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,716 | €4,801 | +€85 | +1.8% |
| Other operating charges | 640/8 | €2,339 | €2,405 | +€66 | +2.8% |
| Gross operating margin | 9900 | €8,897 | €8,624 | -€273 | -3.1% |
| Operating profit (loss) | 9901 | €1,842 | €1,418 | -€424 | -23.0% |
| Financial income | 75/76B | €1,297 | €1,399 | +€102 | +7.9% |
| Recurring financial income | 75 | €1,014 | €1,131 | +€117 | +11.5% |
| Non-recurring financial income | 76B | €283 | €268 | -€15 | -5.3% |
| Financial charges | 65/66B | €568 | €153 | -€415 | -73.1% |
| Recurring financial charges | 65 | €568 | €153 | -€415 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €2,571 | €2,664 | +€93 | +3.6% |
| Income taxes | 67/77 | €871 | €843 | -€28 | -3.2% |
| Profit (loss) for the period | 9904 | €1,700 | €1,821 | +€121 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,700 | €1,821 | +€121 | +7.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.