E & S SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets +€30,409
up €30,409 (+101.7%), from €29,888 to €60,297
of which Furniture and vehicles: +€38,599
- Cash +€17,534
up €17,534 (+7.4%), from €237,352 to €254,887
mainly Net result for the year (+€62,041) and Depreciation (+€19,818)
- Receivables within one year -€9,751
down €9,751 (-33.4%), from €29,190 to €19,439
of which Other amounts receivable: -€11,282
- Reserves +€21,391
up €21,391 (+9.2%), from €232,585 to €253,976
- Debts after one year +€10,242
new in 2025: €10,242
- Current portion of long-term debt +€9,139
new in 2025: €9,139
- Tax, wage and social debts -€8,300
down €8,300 (-56.1%), from €14,786 to €6,486
- Other debts +€5,150
up €5,150 (+14.5%), from €35,500 to €40,650
- Gross operating margin +€25,095
up €25,095 (+29.2%), from €85,814 to €110,909
- Depreciation +€12,839
up €12,839 (+184.0%), from €6,978 to €19,818
- Taxes +€2,686
up €2,686 (+11.3%), from €23,818 to €26,504
- Other operating charges +€2,555
up €2,555 (+232.3%), from €1,100 to €3,655
- Financial income -€1,996
down €1,996 (-46.7%), from €4,270 to €2,274
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.
Cash bridge derived
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 | €298,893 | €339,546 | +€40,653 | +13.6% |
| Fixed assets | 21/28 | €30,078 | €60,487 | +€30,409 | +101.1% |
| Tangible fixed assets | 22/27 | €29,888 | €60,297 | +€30,409 | +101.7% |
| Furniture and vehicles | 24 | - | €38,599 | +€38,599 | |
| Other tangible fixed assets | 26 | €29,888 | €21,699 | -€8,190 | -27.4% |
| Financial fixed assets | 28 | €190 | €190 | = | 0.0% |
| Current assets | 29/58 | €268,815 | €279,059 | +€10,244 | +3.8% |
| Amounts receivable within one year | 40/41 | €29,190 | €19,439 | -€9,751 | -33.4% |
| Trade receivables | 40 | €16,765 | €18,295 | +€1,531 | +9.1% |
| Other amounts receivable | 41 | €12,426 | €1,143 | -€11,282 | -90.8% |
| Cash at bank and in hand | 54/58 | €237,352 | €254,887 | +€17,534 | +7.4% |
| Deferred charges and accrued income | 490/1 | €2,272 | €4,734 | +€2,462 | +108.3% |
| Total equity and liabilities | 10/49 | €298,893 | €339,546 | +€40,653 | +13.6% |
| Equity | 10/15 | €245,349 | €266,740 | +€21,391 | +8.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €232,585 | €253,976 | +€21,391 | +9.2% |
| Distributable reserves | 133 | €232,585 | €253,976 | +€21,391 | +9.2% |
| Profit (loss) carried forward | 14 | €365 | €365 | = | 0.0% |
| Amounts payable | 17/49 | €53,544 | €72,806 | +€19,262 | +36.0% |
| Amounts payable after more than one year | 17 | - | €10,242 | +€10,242 | |
| Financial debts | 170/4 | - | €10,242 | +€10,242 | |
| Amounts payable within one year | 42/48 | €53,544 | €62,565 | +€9,020 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,139 | +€9,139 | |
| Trade debts | 44 | €3,258 | €6,290 | +€3,032 | +93.1% |
| Suppliers | 440/4 | €3,258 | €6,290 | +€3,032 | +93.1% |
| Taxes, remuneration and social security | 45 | €14,786 | €6,486 | -€8,300 | -56.1% |
| Taxes | 450/3 | €14,786 | €6,486 | -€8,300 | -56.1% |
| Other amounts payable | 47/48 | €35,500 | €40,650 | +€5,150 | +14.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €12,670 | +€12,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,978 | €19,818 | +€12,839 | +184.0% |
| Other operating charges | 640/8 | €1,100 | €3,655 | +€2,555 | +232.3% |
| Gross operating margin | 9900 | €85,814 | €110,909 | +€25,095 | +29.2% |
| Operating profit (loss) | 9901 | €77,736 | €87,437 | +€9,701 | +12.5% |
| Financial income | 75/76B | €4,270 | €2,274 | -€1,996 | -46.7% |
| Recurring financial income | 75 | €4,270 | €2,274 | -€1,996 | -46.7% |
| Financial charges | 65/66B | €291 | €1,166 | +€875 | +301.1% |
| Recurring financial charges | 65 | €291 | €1,166 | +€875 | +301.1% |
| Profit (loss) for the period before taxes | 9903 | €81,715 | €88,545 | +€6,830 | +8.4% |
| Income taxes | 67/77 | €23,818 | €26,504 | +€2,686 | +11.3% |
| Profit (loss) for the period | 9904 | €57,897 | €62,041 | +€4,144 | +7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €57,897 | €62,041 | +€4,144 | +7.2% |
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 12 October 2026 via checked.be.