E.S.M. ENGINEERING: 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.M. ENGINEERING
Largest movements
- Current investments +€351,000
new in 2026: €351,000
- Cash -€299,537
down €299,537 (-69.1%), from €433,391 to €133,854
mainly Current investments (-€351,000) and Other debts (-€3,805)
- Receivables within one year -€41,227
down €41,227 (-70.0%), from €58,917 to €17,690
of which Trade receivables: -€41,542
- Reserves +€13,062
up €13,062 (+3.3%), from €394,030 to €407,092
- Gross operating margin -€61,774
down €61,774 (-75.2%), from €82,092 to €20,318
- Taxes -€20,997
down €20,997 (-76.6%), from €27,424 to €6,428
- Financial income -€6,336
down €6,336 (-54.2%), from €11,691 to €5,356
- Financial charges -€2,014
down €2,014 (-26.4%), from €7,642 to €5,629
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €492,500 | €503,372 | +€10,872 | +2.2% |
| Fixed assets | 21/28 | - | €828 | +€828 | |
| Tangible fixed assets | 22/27 | - | €828 | +€828 | |
| Furniture and vehicles | 24 | - | €828 | +€828 | |
| Current assets | 29/58 | €492,500 | €502,544 | +€10,044 | +2.0% |
| Amounts receivable within one year | 40/41 | €58,917 | €17,690 | -€41,227 | -70.0% |
| Trade receivables | 40 | €58,917 | €17,376 | -€41,542 | -70.5% |
| Other amounts receivable | 41 | - | €315 | +€315 | |
| Current investments | 50/53 | - | €351,000 | +€351,000 | |
| Cash at bank and in hand | 54/58 | €433,391 | €133,854 | -€299,537 | -69.1% |
| Deferred charges and accrued income | 490/1 | €192 | - | -€192 | |
| Total equity and liabilities | 10/49 | €492,500 | €503,372 | +€10,872 | +2.2% |
| Equity | 10/15 | €406,435 | €419,497 | +€13,062 | +3.2% |
| Contributions | 10/11 | €12,405 | €12,405 | = | 0.0% |
| Reserves | 13 | €394,030 | €407,092 | +€13,062 | +3.3% |
| Distributable reserves | 133 | €394,030 | €407,092 | +€13,062 | +3.3% |
| Amounts payable | 17/49 | €86,065 | €83,875 | -€2,190 | -2.5% |
| Amounts payable within one year | 42/48 | €86,065 | €83,875 | -€2,190 | -2.5% |
| Trade debts | 44 | €180 | €1,008 | +€828 | +460% |
| Suppliers | 440/4 | €180 | €1,008 | +€828 | +460% |
| Taxes, remuneration and social security | 45 | €2,515 | €3,301 | +€786 | +31.3% |
| Taxes | 450/3 | €2,515 | €3,301 | +€786 | +31.3% |
| Other amounts payable | 47/48 | €83,371 | €79,566 | -€3,805 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €36 | +€36 | |
| Other operating charges | 640/8 | €730 | €520 | -€211 | -28.9% |
| Gross operating margin | 9900 | €82,092 | €20,318 | -€61,774 | -75.2% |
| Operating profit (loss) | 9901 | €81,362 | €19,763 | -€61,599 | -75.7% |
| Financial income | 75/76B | €11,691 | €5,356 | -€6,336 | -54.2% |
| Recurring financial income | 75 | €11,691 | €5,356 | -€6,336 | -54.2% |
| Financial charges | 65/66B | €7,642 | €5,629 | -€2,014 | -26.4% |
| Recurring financial charges | 65 | €7,642 | €5,629 | -€2,014 | -26.4% |
| Profit (loss) for the period before taxes | 9903 | €85,411 | €19,490 | -€65,921 | -77.2% |
| Income taxes | 67/77 | €27,424 | €6,428 | -€20,997 | -76.6% |
| Profit (loss) for the period | 9904 | €57,987 | €13,062 | -€44,924 | -77.5% |
| Profit (loss) for the period to be appropriated | 9905 | €57,987 | €13,062 | -€44,924 | -77.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.