E.S.E.-PRODUCTS: 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.
E.S.E.-PRODUCTS
Largest movements
- Receivables within one year +€92,778
up €92,778 (+196%), from €47,274 to €140,051
of which Trade receivables: +€95,126
- Deferred charges and accrued income +€82,260
up €82,260 (+5,958%), from €1,381 to €83,641
- Cash +€15,971
up €15,971 (+41.8%), from €38,229 to €54,200
mainly Trade debts (+€96,595) and Accrued charges and deferred income (+€82,966)
- Tangible fixed assets -€11,986
down €11,986 (-67.9%), from €17,656 to €5,670
of which Leasing and similar rights: -€10,568
- Current investments -€9,970
down €9,970 (-11.0%), from €90,290 to €80,320
- Trade debts +€96,595
up €96,595 (+526%), from €18,367 to €114,962
- Accrued charges and deferred income +€82,966
up €82,966 (+47,409%), from €175 to €83,141
- Current portion of long-term debt -€6,688
down €6,688 (-76.9%), from €8,699 to €2,012
- Tax, wage and social debts -€5,194
down €5,194 (-14.0%), from €37,057 to €31,862
of which Taxes: -€2,724
- Other debts +€4,762
new in 2025: €4,762
- Gross operating margin -€18,454
down €18,454 (-36.8%), from €50,083 to €31,629
- Taxes -€4,032
down €4,032 (-50.1%), from €8,046 to €4,014
- Other operating charges -€2,088
down €2,088 (-17.9%), from €11,638 to €9,550
- Financial charges -€1,192
down €1,192 (-64.8%), from €1,840 to €648
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 | €194,830 | €363,883 | +€169,053 | +86.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €17,656 | €5,670 | -€11,986 | -67.9% |
| Tangible fixed assets | 22/27 | €17,656 | €5,670 | -€11,986 | -67.9% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €3,267 | €1,848 | -€1,419 | -43.4% |
| Leasing and similar rights | 25 | €14,389 | €3,822 | -€10,568 | -73.4% |
| Current assets | 29/58 | €177,173 | €358,213 | +€181,039 | +102% |
| Amounts receivable within one year | 40/41 | €47,274 | €140,051 | +€92,778 | +196% |
| Trade receivables | 40 | €40,725 | €135,851 | +€95,126 | +234% |
| Other amounts receivable | 41 | €6,548 | €4,200 | -€2,348 | -35.9% |
| Current investments | 50/53 | €90,290 | €80,320 | -€9,970 | -11.0% |
| Cash at bank and in hand | 54/58 | €38,229 | €54,200 | +€15,971 | +41.8% |
| Deferred charges and accrued income | 490/1 | €1,381 | €83,641 | +€82,260 | +5,958% |
| Total equity and liabilities | 10/49 | €194,830 | €363,883 | +€169,053 | +86.8% |
| Equity | 10/15 | €126,027 | €127,144 | +€1,117 | +0.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €107,427 | €108,544 | +€1,117 | +1.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €105,567 | €106,684 | +€1,117 | +1.1% |
| Amounts payable | 17/49 | €68,803 | €236,739 | +€167,936 | +244% |
| Amounts payable after more than one year | 17 | €2,925 | - | -€2,925 | |
| Financial debts | 170/4 | €2,925 | - | -€2,925 | |
| Amounts payable within one year | 42/48 | €65,703 | €153,598 | +€87,895 | +134% |
| Current portion of amounts payable after more than one year | 42 | €8,699 | €2,012 | -€6,688 | -76.9% |
| Financial debts | 43 | €1,580 | - | -€1,580 | |
| Credit institutions | 430/8 | €1,580 | - | -€1,580 | |
| Trade debts | 44 | €18,367 | €114,962 | +€96,595 | +526% |
| Suppliers | 440/4 | €18,367 | €114,962 | +€96,595 | +526% |
| Taxes, remuneration and social security | 45 | €37,057 | €31,862 | -€5,194 | -14.0% |
| Taxes | 450/3 | €34,587 | €31,862 | -€2,724 | -7.9% |
| Remuneration and social security | 454/9 | €2,470 | - | -€2,470 | |
| Other amounts payable | 47/48 | - | €4,762 | +€4,762 | |
| Accrued charges and deferred income | 492/3 | €175 | €83,141 | +€82,966 | +47,409% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,156 | €11,986 | -€169 | -1.4% |
| Other operating charges | 640/8 | €11,638 | €9,550 | -€2,088 | -17.9% |
| Gross operating margin | 9900 | €50,083 | €31,629 | -€18,454 | -36.8% |
| Operating profit (loss) | 9901 | €26,289 | €10,093 | -€16,197 | -61.6% |
| Financial income | 75/76B | €764 | €687 | -€77 | -10.0% |
| Recurring financial income | 75 | €764 | €687 | -€77 | -10.0% |
| Financial charges | 65/66B | €1,840 | €648 | -€1,192 | -64.8% |
| Recurring financial charges | 65 | €1,840 | €648 | -€1,192 | -64.8% |
| Profit (loss) for the period before taxes | 9903 | €25,213 | €10,131 | -€15,082 | -59.8% |
| Income taxes | 67/77 | €8,046 | €4,014 | -€4,032 | -50.1% |
| Profit (loss) for the period | 9904 | €17,167 | €6,117 | -€11,050 | -64.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,167 | €6,117 | -€11,050 | -64.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.