E.S concept: 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.S concept
Largest movements
- Receivables within one year -€274
down €274 (-8.3%), from €3,302 to €3,029
- Debts after one year +€2,063
up €2,063 (+85.5%), from €2,411 to €4,474
- Tax, wage and social debts -€1,696
no longer reported in 2025 (was €1,696)
- Profit (loss) carried forward -€618
down €618 (-3.0%), from -€20,439 to -€21,057
- Gross operating margin -€267
down €267 (-110.3%), from -€242 to -€509
- Financial charges -€119
down €119 (-52.2%), from €229 to €109
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 | €3,303 | €3,051 | -€252 | -7.6% |
| Current assets | 29/58 | €3,303 | €3,051 | -€252 | -7.6% |
| Amounts receivable within one year | 40/41 | €3,302 | €3,029 | -€274 | -8.3% |
| Other amounts receivable | 41 | €3,302 | €3,029 | -€274 | -8.3% |
| Cash at bank and in hand | 54/58 | €1 | €23 | +€22 | +3803.4% |
| Total equity and liabilities | 10/49 | €3,303 | €3,051 | -€252 | -7.6% |
| Equity | 10/15 | -€805 | -€1,423 | -€618 | -76.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,034 | €1,034 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,034 | €1,034 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,034 | €1,034 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,439 | -€21,057 | -€618 | -3.0% |
| Amounts payable | 17/49 | €4,108 | €4,474 | +€367 | +8.9% |
| Amounts payable after more than one year | 17 | €2,411 | €4,474 | +€2,063 | +85.5% |
| Other amounts payable | 178/9 | €2,411 | €4,474 | +€2,063 | +85.5% |
| Amounts payable within one year | 42/48 | €1,696 | - | -€1,696 | |
| Taxes, remuneration and social security | 45 | €1,696 | - | -€1,696 | |
| Taxes | 450/3 | €1,696 | - | -€1,696 | |
| Gross operating margin | 9900 | -€242 | -€509 | -€267 | -110.3% |
| Operating profit (loss) | 9901 | -€242 | -€509 | -€267 | -110.3% |
| Financial charges | 65/66B | €229 | €109 | -€119 | -52.2% |
| Recurring financial charges | 65 | €229 | €109 | -€119 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | -€471 | -€618 | -€147 | -31.3% |
| Profit (loss) for the period | 9904 | -€471 | -€618 | -€147 | -31.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€471 | -€618 | -€147 | -31.3% |
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 3 October 2026 via checked.be.