E.S.R. IMMO: 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.R. IMMO
Largest movements
- Tangible fixed assets -€64,768
down €64,768 (-4.2%), from €1.6m to €1.5m
- Contributions +€225,000
up €225,000 (+300%), from €75,000 to €300,000
- Trade debts -€103,355
down €103,355 (-99.9%), from €103,463 to €108
- Debts after one year -€79,451
down €79,451 (-6.3%), from €1.3m to €1.2m
- Profit (loss) carried forward -€58,283
down €58,283 (-103%), from -€56,605 to -€114,888
- Short-term financial debts -€47,675
down €47,675 (-54.3%), from €87,808 to €40,133
- Financial charges -€4,902
down €4,902 (-10.1%), from €48,448 to €43,546
- Services and other goods +€2,099
up €2,099 (+13.4%), from €15,626 to €17,725
- Turnover +€1,866
up €1,866 (+3.1%), from €60,453 to €62,319
- Other operating income -€1,116
down €1,116 (-35.5%), from €3,143 to €2,028
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,560,880 | €1,499,400 | -€61,480 | -3.9% |
| Fixed assets | 21/28 | €1,559,851 | €1,495,083 | -€64,768 | -4.2% |
| Tangible fixed assets | 22/27 | €1,559,851 | €1,495,083 | -€64,768 | -4.2% |
| Land and buildings | 22 | €1,559,851 | €1,495,083 | -€64,768 | -4.2% |
| Current assets | 29/58 | €1,030 | €4,317 | +€3,287 | +319% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €34 | €0 | -€34 | -100% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €34 | €0 | -€34 | -100% |
| Deferred charges and accrued income | 490/1 | €995 | €4,317 | +€3,322 | +334% |
| Total equity and liabilities | 10/49 | €1,560,880 | €1,499,400 | -€61,480 | -3.9% |
| Equity | 10/15 | €25,895 | €192,612 | +€166,717 | +644% |
| Contributions | 10/11 | €75,000 | €300,000 | +€225,000 | +300% |
| Capital | 10 | €75,000 | €300,000 | +€225,000 | +300% |
| Issued capital | 100 | €75,000 | €300,000 | +€225,000 | +300% |
| Reserves | 13 | €7,500 | €7,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Legal reserve | 130 | €7,500 | €7,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€56,605 | -€114,888 | -€58,283 | -103% |
| Amounts payable | 17/49 | €1,534,985 | €1,306,788 | -€228,197 | -14.9% |
| Amounts payable after more than one year | 17 | €1,266,417 | €1,186,966 | -€79,451 | -6.3% |
| Financial debts | 170/4 | €1,266,417 | €1,186,966 | -€79,451 | -6.3% |
| Credit institutions | 173 | €1,266,417 | €1,186,966 | -€79,451 | -6.3% |
| Amounts payable within one year | 42/48 | €268,472 | €119,726 | -€148,746 | -55.4% |
| Current portion of amounts payable after more than one year | 42 | €77,167 | €79,451 | +€2,284 | +3.0% |
| Financial debts | 43 | €87,808 | €40,133 | -€47,675 | -54.3% |
| Credit institutions | 430/8 | €87,808 | €40,133 | -€47,675 | -54.3% |
| Trade debts | 44 | €103,463 | €108 | -€103,355 | -99.9% |
| Suppliers | 440/4 | €103,463 | €108 | -€103,355 | -99.9% |
| Taxes, remuneration and social security | 45 | €34 | €34 | = | 0.0% |
| Taxes | 450/3 | €34 | €34 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €96 | €96 | = | 0.0% |
| Operating income | 70/76A | €80,526 | €67,883 | -€12,643 | -15.7% |
| Turnover | 70 | €60,453 | €62,319 | +€1,866 | +3.1% |
| Other operating income | 74 | €3,143 | €2,028 | -€1,116 | -35.5% |
| Non-recurring operating income | 76A | €16,930 | €3,537 | -€13,394 | -79.1% |
| Operating charges | 60/66A | €81,027 | €82,620 | +€1,593 | +2.0% |
| Services and other goods | 61 | €15,626 | €17,725 | +€2,099 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,768 | €64,768 | -€0 | 0.0% |
| Other operating charges | 640/8 | €634 | €127 | -€506 | -79.9% |
| Operating profit (loss) | 9901 | -€501 | -€14,737 | -€14,236 | -2,843% |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Income from current assets | 751 | €0 | - | = | |
| Other financial income | 752/9 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €48,448 | €43,546 | -€4,902 | -10.1% |
| Recurring financial charges | 65 | €48,448 | €43,546 | -€4,902 | -10.1% |
| Debt charges | 650 | €46,982 | €41,982 | -€5,000 | -10.6% |
| Other financial charges | 652/9 | €1,467 | €1,564 | +€98 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€48,947 | -€58,283 | -€9,336 | -19.1% |
| Profit (loss) for the period | 9904 | -€48,947 | -€58,283 | -€9,336 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,947 | -€58,283 | -€9,336 | -19.1% |
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 24 October 2026 via checked.be.