E&S enterprise: 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 enterprise
Largest movements
- Cash +€20,208
up €20,208 (+68.4%), from €29,532 to €49,740
mainly Net result for the year (+€12,007) and Short-term financial debts (+€4,976)
- Receivables within one year -€2,330
down €2,330 (-34.5%), from €6,755 to €4,425
of which Trade receivables: -€2,512
- Profit (loss) carried forward +€8,707
up €8,707 (+24.0%), from €36,265 to €44,972
- Short-term financial debts +€4,976
new in 2025: €4,976
- Tax, wage and social debts +€3,002
up €3,002 (+2,502%), from €120 to €3,122
- Turnover +€8,377
up €8,377 (+19.6%), from €42,687 to €51,064
- Purchases and services +€7,180
up €7,180 (+26.8%), from €26,813 to €33,993
- Taxes +€3,002
new in 2025: €3,002
- Gross operating margin +€2,377
up €2,377 (+15.0%), from €15,874 to €18,251
- Other operating charges +€515
up €515 (+51.7%), from €996 to €1,511
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 | €39,375 | €57,042 | +€17,667 | +44.9% |
| Fixed assets | 21/28 | €3,088 | €2,877 | -€211 | -6.8% |
| Tangible fixed assets | 22/27 | €3,088 | €2,877 | -€211 | -6.8% |
| Plant, machinery and equipment | 23 | €3,088 | €2,877 | -€211 | -6.8% |
| Current assets | 29/58 | €36,287 | €54,165 | +€17,878 | +49.3% |
| Amounts receivable within one year | 40/41 | €6,755 | €4,425 | -€2,330 | -34.5% |
| Trade receivables | 40 | €2,512 | - | -€2,512 | |
| Other amounts receivable | 41 | €4,243 | €4,425 | +€182 | +4.3% |
| Cash at bank and in hand | 54/58 | €29,532 | €49,740 | +€20,208 | +68.4% |
| Total equity and liabilities | 10/49 | €39,375 | €57,042 | +€17,667 | +44.9% |
| Equity | 10/15 | €38,265 | €46,972 | +€8,707 | +22.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,265 | €44,972 | +€8,707 | +24.0% |
| Amounts payable | 17/49 | €1,110 | €10,070 | +€8,960 | +807% |
| Amounts payable within one year | 42/48 | €1,110 | €10,070 | +€8,960 | +807% |
| Financial debts | 43 | - | €4,976 | +€4,976 | |
| Credit institutions | 430/8 | - | €4,976 | +€4,976 | |
| Trade debts | 44 | €990 | €1,472 | +€482 | +48.7% |
| Suppliers | 440/4 | €990 | €1,472 | +€482 | +48.7% |
| Taxes, remuneration and social security | 45 | €120 | €3,122 | +€3,002 | +2,502% |
| Taxes | 450/3 | €120 | €3,122 | +€3,002 | +2,502% |
| Other amounts payable | 47/48 | - | €500 | +€500 | |
| Turnover | 70 | €42,687 | €51,064 | +€8,377 | +19.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €26,813 | €33,993 | +€7,180 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,045 | €1,434 | +€389 | +37.2% |
| Other operating charges | 640/8 | €996 | €1,511 | +€515 | +51.7% |
| Gross operating margin | 9900 | €15,874 | €18,251 | +€2,377 | +15.0% |
| Operating profit (loss) | 9901 | €13,833 | €15,306 | +€1,473 | +10.6% |
| Financial charges | 65/66B | €1 | €297 | +€296 | +29,600% |
| Recurring financial charges | 65 | €1 | €297 | +€296 | +29,600% |
| Profit (loss) for the period before taxes | 9903 | €13,832 | €15,009 | +€1,177 | +8.5% |
| Income taxes | 67/77 | - | €3,002 | +€3,002 | |
| Profit (loss) for the period | 9904 | €13,832 | €12,007 | -€1,825 | -13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,832 | €12,007 | -€1,825 | -13.2% |
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 22 October 2026 via checked.be.