E.S.R. CONSULT: what changed
E.S.R. CONSULT
Largest movements
- Cash -€45,877
down €45,877 (-70.2%), from €65,315 to €19,438
mainly Debts after one year (-€57,529) and Investment in fixed assets (net) (-€56,077)
- Tangible fixed assets +€20,603
up €20,603 (+6.4%), from €323,276 to €343,879
of which Land and buildings: +€37,368
- Receivables within one year +€14,768
up €14,768 (+28.5%), from €51,870 to €66,638
of which Trade receivables: +€14,768
- Debts after one year -€57,529
down €57,529 (-6.3%), from €909,255 to €851,725
- Profit (loss) carried forward +€47,998
up €47,998 (+35.8%), from €134,145 to €182,143
- Other debts +€24,214
up €24,214 (+10.8%), from €224,517 to €248,732
- Gross operating margin +€35,450
up €35,450 (+36.5%), from €97,197 to €132,647
- Taxes +€6,352
up €6,352 (+65.3%), from €9,735 to €16,087
- Depreciation +€4,258
up €4,258 (+13.6%), from €31,216 to €35,474
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,401,076 | €1,390,923 | -€10,153 | -0.7% |
| Fixed assets | 21/28 | €1,273,296 | €1,293,899 | +€20,603 | +1.6% |
| Tangible fixed assets | 22/27 | €323,276 | €343,879 | +€20,603 | +6.4% |
| Land and buildings | 22 | €282,176 | €319,544 | +€37,368 | +13.2% |
| Furniture and vehicles | 24 | €41,100 | €24,335 | -€16,765 | -40.8% |
| Financial fixed assets | 28 | €950,021 | €950,021 | = | 0.0% |
| Current assets | 29/58 | €127,779 | €97,023 | -€30,756 | -24.1% |
| Amounts receivable within one year | 40/41 | €51,870 | €66,638 | +€14,768 | +28.5% |
| Trade receivables | 40 | €1,860 | €16,628 | +€14,768 | +794% |
| Other amounts receivable | 41 | €50,010 | €50,010 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €65,315 | €19,438 | -€45,877 | -70.2% |
| Deferred charges and accrued income | 490/1 | €10,594 | €10,947 | +€352 | +3.3% |
| Total equity and liabilities | 10/49 | €1,401,076 | €1,390,923 | -€10,153 | -0.7% |
| Equity | 10/15 | €156,145 | €204,143 | +€47,998 | +30.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,145 | €182,143 | +€47,998 | +35.8% |
| Amounts payable | 17/49 | €1,244,931 | €1,186,780 | -€58,151 | -4.7% |
| Amounts payable after more than one year | 17 | €909,255 | €851,725 | -€57,529 | -6.3% |
| Financial debts | 170/4 | €909,255 | €851,725 | -€57,529 | -6.3% |
| Amounts payable within one year | 42/48 | €335,676 | €334,755 | -€921 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €71,463 | €57,529 | -€13,934 | -19.5% |
| Trade debts | 44 | €18,832 | €15,432 | -€3,401 | -18.1% |
| Suppliers | 440/4 | €18,832 | €15,432 | -€3,401 | -18.1% |
| Taxes, remuneration and social security | 45 | €20,863 | €13,062 | -€7,801 | -37.4% |
| Taxes | 450/3 | €20,863 | €13,062 | -€7,801 | -37.4% |
| Other amounts payable | 47/48 | €224,517 | €248,732 | +€24,214 | +10.8% |
| Accrued charges and deferred income | 492/3 | - | €299 | +€299 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,216 | €35,474 | +€4,258 | +13.6% |
| Other operating charges | 640/8 | €1,925 | €1,808 | -€118 | -6.1% |
| Gross operating margin | 9900 | €97,197 | €132,647 | +€35,450 | +36.5% |
| Operating profit (loss) | 9901 | €64,055 | €95,365 | +€31,310 | +48.9% |
| Financial income | 75/76B | €651 | €1 | -€651 | -99.9% |
| Recurring financial income | 75 | €651 | €1 | -€651 | -99.9% |
| Financial charges | 65/66B | €31,748 | €31,281 | -€467 | -1.5% |
| Recurring financial charges | 65 | €31,748 | €31,281 | -€467 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €32,958 | €64,085 | +€31,127 | +94.4% |
| Income taxes | 67/77 | €9,735 | €16,087 | +€6,352 | +65.3% |
| Profit (loss) for the period | 9904 | €23,223 | €47,998 | +€24,775 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €23,223 | €47,998 | +€24,775 | +107% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.