E.S. ENTERPRISES: 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. ENTERPRISES
Largest movements
- Tangible fixed assets +€95,264
up €95,264 (+702%), from €13,561 to €108,825
of which Furniture and vehicles: +€94,913
- Cash +€31,485
up €31,485 (+77.9%), from €40,405 to €71,890
mainly Debts after one year (+€69,123) and Net result for the year (+€54,649)
- Receivables after one year -€25,000
down €25,000 (-41.3%), from €60,500 to €35,500
- Receivables within one year +€9,388
up €9,388 (+85.5%), from €10,982 to €20,370
of which Other amounts receivable: +€12,090
- Debts after one year +€69,123
up €69,123 (+1,819%), from €3,799 to €72,922
- Current portion of long-term debt +€17,217
up €17,217 (+337%), from €5,108 to €22,325
- Reserves +€17,042
up €17,042 (+18.0%), from €94,711 to €111,753
of which Distributable reserves: +€17,042
- Trade debts +€6,243
up €6,243 (+95.4%), from €6,542 to €12,786
- Advances received -€5,344
no longer reported in 2025 (was €5,344)
- Gross operating margin +€38,400
up €38,400 (+70.0%), from €54,876 to €93,276
- Depreciation +€8,616
up €8,616 (+127%), from €6,759 to €15,375
- Taxes +€6,832
up €6,832 (+49.9%), from €13,688 to €20,520
- Financial charges +€1,387
up €1,387 (+320%), from €434 to €1,821
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 | €137,067 | €247,657 | +€110,590 | +80.7% |
| Fixed assets | 21/28 | €13,561 | €108,825 | +€95,264 | +702% |
| Tangible fixed assets | 22/27 | €13,561 | €108,825 | +€95,264 | +702% |
| Land and buildings | 22 | €1,882 | €7,333 | +€5,451 | +290% |
| Furniture and vehicles | 24 | €3,393 | €98,306 | +€94,913 | +2,797% |
| Leasing and similar rights | 25 | €8,286 | €3,186 | -€5,100 | -61.6% |
| Current assets | 29/58 | €123,506 | €138,832 | +€15,326 | +12.4% |
| Amounts receivable after more than one year | 29 | €60,500 | €35,500 | -€25,000 | -41.3% |
| Other amounts receivable | 291 | €60,500 | €35,500 | -€25,000 | -41.3% |
| Stocks and contracts in progress | 3 | €11,620 | €10,519 | -€1,101 | -9.5% |
| Stocks | 30/36 | €11,620 | €10,519 | -€1,101 | -9.5% |
| Amounts receivable within one year | 40/41 | €10,982 | €20,370 | +€9,388 | +85.5% |
| Trade receivables | 40 | €4,536 | €1,834 | -€2,702 | -59.6% |
| Other amounts receivable | 41 | €6,446 | €18,536 | +€12,090 | +188% |
| Cash at bank and in hand | 54/58 | €40,405 | €71,890 | +€31,485 | +77.9% |
| Deferred charges and accrued income | 490/1 | - | €554 | +€554 | |
| Total equity and liabilities | 10/49 | €137,067 | €247,657 | +€110,590 | +80.7% |
| Equity | 10/15 | €113,303 | €130,345 | +€17,042 | +15.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €94,711 | €111,753 | +€17,042 | +18.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €92,851 | €109,893 | +€17,042 | +18.4% |
| Amounts payable | 17/49 | €23,765 | €117,313 | +€93,548 | +394% |
| Amounts payable after more than one year | 17 | €3,799 | €72,922 | +€69,123 | +1,819% |
| Financial debts | 170/4 | €3,799 | €72,922 | +€69,123 | +1,819% |
| Amounts payable within one year | 42/48 | €19,966 | €44,390 | +€24,425 | +122% |
| Current portion of amounts payable after more than one year | 42 | €5,108 | €22,325 | +€17,217 | +337% |
| Trade debts | 44 | €6,542 | €12,786 | +€6,243 | +95.4% |
| Suppliers | 440/4 | €6,542 | €12,786 | +€6,243 | +95.4% |
| Advances received on contracts in progress | 46 | €5,344 | - | -€5,344 | |
| Taxes, remuneration and social security | 45 | €2,225 | €6,174 | +€3,949 | +177% |
| Taxes | 450/3 | €2,225 | €6,174 | +€3,949 | +177% |
| Other amounts payable | 47/48 | €747 | €3,106 | +€2,359 | +316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,759 | €15,375 | +€8,616 | +127% |
| Other operating charges | 640/8 | €3,623 | €2,921 | -€702 | -19.4% |
| Gross operating margin | 9900 | €54,876 | €93,276 | +€38,400 | +70.0% |
| Operating profit (loss) | 9901 | €44,494 | €74,979 | +€30,485 | +68.5% |
| Financial income | 75/76B | €1,699 | €2,010 | +€311 | +18.3% |
| Recurring financial income | 75 | €1,699 | €2,010 | +€311 | +18.3% |
| Financial charges | 65/66B | €434 | €1,821 | +€1,387 | +320% |
| Recurring financial charges | 65 | €434 | €1,821 | +€1,387 | +320% |
| Profit (loss) for the period before taxes | 9903 | €45,759 | €75,168 | +€29,409 | +64.3% |
| Income taxes | 67/77 | €13,688 | €20,520 | +€6,832 | +49.9% |
| Profit (loss) for the period | 9904 | €32,071 | €54,649 | +€22,578 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | €32,071 | €54,649 | +€22,578 | +70.4% |
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 25 October 2026 via checked.be.