E.S.I BELGIUM: 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.I BELGIUM
Largest movements
- Cash -€543,365
down €543,365 (-84.6%), from €642,518 to €99,154
mainly Receivables within one year (-€454,093) and Trade debts (-€198,667)
- Receivables within one year +€454,093
up €454,093 (+34.8%), from €1.3m to €1.8m
of which Other amounts receivable: +€741,821
- Trade debts -€198,667
down €198,667 (-58.0%), from €342,537 to €143,870
- Profit (loss) carried forward +€98,480
up €98,480 (+5.5%), from €1.8m to €1.9m
- Other debts +€33,158
up €33,158 (+7.4%), from €447,672 to €480,829
- Gross operating margin -€124,858
down €124,858 (-45.4%), from €274,972 to €150,115
- Taxes -€67,857
down €67,857 (-64.3%), from €105,521 to €37,663
- Financial income +€20,403
up €20,403 (+64.6%), from €31,564 to €51,967
- Financial charges +€2,790
up €2,790 (+16.2%), from €17,269 to €20,059
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 | €2,643,452 | €2,551,543 | -€91,909 | -3.5% |
| Fixed assets | 21/28 | €691,317 | €688,551 | -€2,766 | -0.4% |
| Tangible fixed assets | 22/27 | €8,299 | €5,533 | -€2,766 | -33.3% |
| Other tangible fixed assets | 26 | €8,299 | €5,533 | -€2,766 | -33.3% |
| Financial fixed assets | 28 | €683,018 | €683,018 | = | 0.0% |
| Current assets | 29/58 | €1,952,135 | €1,862,992 | -€89,143 | -4.6% |
| Amounts receivable within one year | 40/41 | €1,305,914 | €1,760,007 | +€454,093 | +34.8% |
| Trade receivables | 40 | €773,973 | €486,245 | -€287,728 | -37.2% |
| Other amounts receivable | 41 | €531,941 | €1,273,762 | +€741,821 | +139% |
| Cash at bank and in hand | 54/58 | €642,518 | €99,154 | -€543,365 | -84.6% |
| Deferred charges and accrued income | 490/1 | €3,702 | €3,831 | +€129 | +3.5% |
| Total equity and liabilities | 10/49 | €2,643,452 | €2,551,543 | -€91,909 | -3.5% |
| Equity | 10/15 | €1,817,153 | €1,915,633 | +€98,480 | +5.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Contributions outside capital | 11 | €20,000 | €20,000 | = | 0.0% |
| Other | 1109/19 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,795,153 | €1,893,633 | +€98,480 | +5.5% |
| Amounts payable | 17/49 | €826,299 | €635,909 | -€190,389 | -23.0% |
| Amounts payable within one year | 42/48 | €826,299 | €635,909 | -€190,389 | -23.0% |
| Trade debts | 44 | €342,537 | €143,870 | -€198,667 | -58.0% |
| Suppliers | 440/4 | €342,537 | €143,870 | -€198,667 | -58.0% |
| Taxes, remuneration and social security | 45 | €36,090 | €11,211 | -€24,879 | -68.9% |
| Taxes | 450/3 | €36,090 | €11,211 | -€24,879 | -68.9% |
| Other amounts payable | 47/48 | €447,672 | €480,829 | +€33,158 | +7.4% |
| Non-recurring operating income | 76A | €40,170 | - | -€40,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,766 | €2,766 | = | 0.0% |
| Other operating charges | 640/8 | €2,248 | €3,081 | +€833 | +37.1% |
| Non-recurring operating charges | 66A | - | €40,033 | +€40,033 | |
| Gross operating margin | 9900 | €274,972 | €150,115 | -€124,858 | -45.4% |
| Operating profit (loss) | 9901 | €269,959 | €104,235 | -€165,724 | -61.4% |
| Financial income | 75/76B | €31,564 | €51,967 | +€20,403 | +64.6% |
| Recurring financial income | 75 | €31,564 | €51,967 | +€20,403 | +64.6% |
| Financial charges | 65/66B | €17,269 | €20,059 | +€2,790 | +16.2% |
| Recurring financial charges | 65 | €17,269 | €20,059 | +€2,790 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €284,254 | €136,143 | -€148,111 | -52.1% |
| Income taxes | 67/77 | €105,521 | €37,663 | -€67,857 | -64.3% |
| Profit (loss) for the period | 9904 | €178,733 | €98,480 | -€80,253 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €178,733 | €98,480 | -€80,253 | -44.9% |
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 27 October 2026 via checked.be.