E&S Trading: 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 Trading
Largest movements
- Receivables within one year +€6,151
up €6,151 (+205%), from €3,005 to €9,156
of which Trade receivables: +€5,653
- Tangible fixed assets +€5,530
up €5,530 (+774%), from €714 to €6,244
- Intangible fixed assets -€4,450
down €4,450 (-16.8%), from €26,424 to €21,974
- Cash -€1,069
down €1,069 (-6.6%), from €16,117 to €15,048
mainly Receivables within one year (-€6,151) and Investment in fixed assets (net) (-€5,972)
- Stocks and contracts -€774
down €774 (-36.0%), from €2,150 to €1,376
- Other debts +€6,690
up €6,690 (+89.6%), from €7,463 to €14,153
- Profit (loss) carried forward -€3,301
down €3,301 (-68.4%), from -€4,825 to -€8,126
- Current portion of long-term debt +€1,593
up €1,593 (+35.2%), from €4,524 to €6,116
- Tax, wage and social debts +€697
up €697 (+21.7%), from €3,210 to €3,907
- Gross operating margin -€10,431
down €10,431 (-61.6%), from €16,927 to €6,496
- Taxes +€552
up €552 (+243%), from €227 to €779
- Other operating charges +€458
up €458 (+42.0%), from €1,091 to €1,549
- Depreciation +€183
up €183 (+3.9%), from €4,709 to €4,892
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 | €53,036 | €58,448 | +€5,412 | +10.2% |
| Fixed assets | 21/28 | €29,988 | €31,068 | +€1,080 | +3.6% |
| Intangible fixed assets | 21 | €26,424 | €21,974 | -€4,450 | -16.8% |
| Tangible fixed assets | 22/27 | €714 | €6,244 | +€5,530 | +774% |
| Plant, machinery and equipment | 23 | €714 | €6,244 | +€5,530 | +774% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €23,047 | €27,380 | +€4,333 | +18.8% |
| Stocks and contracts in progress | 3 | €2,150 | €1,376 | -€774 | -36.0% |
| Stocks | 30/36 | €2,150 | €1,376 | -€774 | -36.0% |
| Amounts receivable within one year | 40/41 | €3,005 | €9,156 | +€6,151 | +205% |
| Trade receivables | 40 | €2,640 | €8,294 | +€5,653 | +214% |
| Other amounts receivable | 41 | €365 | €862 | +€498 | +136% |
| Cash at bank and in hand | 54/58 | €16,117 | €15,048 | -€1,069 | -6.6% |
| Deferred charges and accrued income | 490/1 | €1,775 | €1,800 | +€25 | +1.4% |
| Total equity and liabilities | 10/49 | €53,036 | €58,448 | +€5,412 | +10.2% |
| Equity | 10/15 | €1,375 | -€1,926 | -€3,301 | |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,825 | -€8,126 | -€3,301 | -68.4% |
| Amounts payable | 17/49 | €51,660 | €60,374 | +€8,714 | +16.9% |
| Amounts payable after more than one year | 17 | €11,256 | €10,987 | -€269 | -2.4% |
| Financial debts | 170/4 | €8,781 | €8,512 | -€269 | -3.1% |
| Other amounts payable | 178/9 | €2,475 | €2,475 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,404 | €49,387 | +€8,982 | +22.2% |
| Current portion of amounts payable after more than one year | 42 | €4,524 | €6,116 | +€1,593 | +35.2% |
| Trade debts | 44 | €22,707 | €22,710 | +€3 | 0.0% |
| Suppliers | 440/4 | €22,707 | €22,710 | +€3 | 0.0% |
| Advances received on contracts in progress | 46 | €2,500 | €2,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,210 | €3,907 | +€697 | +21.7% |
| Taxes | 450/3 | €3,210 | €3,907 | +€697 | +21.7% |
| Other amounts payable | 47/48 | €7,463 | €14,153 | +€6,690 | +89.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,709 | €4,892 | +€183 | +3.9% |
| Other operating charges | 640/8 | €1,091 | €1,549 | +€458 | +42.0% |
| Gross operating margin | 9900 | €16,927 | €6,496 | -€10,431 | -61.6% |
| Operating profit (loss) | 9901 | €11,127 | €55 | -€11,072 | -99.5% |
| Financial income | 75/76B | €23 | €0 | -€23 | -99.9% |
| Recurring financial income | 75 | €23 | €0 | -€23 | -99.9% |
| Financial charges | 65/66B | €2,695 | €2,577 | -€118 | -4.4% |
| Recurring financial charges | 65 | €2,467 | €2,577 | +€111 | +4.5% |
| Non-recurring financial charges | 66B | €229 | - | -€229 | |
| Profit (loss) for the period before taxes | 9903 | €8,456 | -€2,522 | -€10,978 | |
| Income taxes | 67/77 | €227 | €779 | +€552 | +243% |
| Profit (loss) for the period | 9904 | €8,229 | -€3,301 | -€11,530 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,229 | -€3,301 | -€11,530 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.