E S V: 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 V
Largest movements
- Cash +€36,584
up €36,584 (+121%), from €30,225 to €66,809
mainly Debts after one year (+€29,000) and Depreciation (+€4,900)
- Tangible fixed assets -€4,753
down €4,753 (-39.6%), from €11,994 to €7,241
of which Furniture and vehicles: -€4,738
- Receivables within one year -€1,554
down €1,554 (-17.3%), from €8,957 to €7,403
of which Other amounts receivable: -€924
- Debts after one year +€29,000
up €29,000 (+2,900%), from €1,000 to €30,000
- Reserves +€2,239
up €2,239 (+10.3%), from €21,769 to €24,008
- Tax, wage and social debts -€1,275
down €1,275 (-26.1%), from €4,889 to €3,614
- Gross operating margin -€5,618
down €5,618 (-40.1%), from €14,000 to €8,381
- Taxes -€1,150
down €1,150 (-34.3%), from €3,350 to €2,200
- Financial income +€913
up €913 (+863%), from €106 to €1,019
of which Financial income: +€913
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 | €51,276 | €81,681 | +€30,405 | +59.3% |
| Fixed assets | 21/28 | €11,994 | €7,241 | -€4,753 | -39.6% |
| Tangible fixed assets | 22/27 | €11,994 | €7,241 | -€4,753 | -39.6% |
| Plant, machinery and equipment | 23 | €37 | €21 | -€15 | -41.5% |
| Furniture and vehicles | 24 | €11,957 | €7,219 | -€4,738 | -39.6% |
| Current assets | 29/58 | €39,282 | €74,440 | +€35,158 | +89.5% |
| Stocks and contracts in progress | 3 | €100 | €228 | +€128 | +128% |
| Stocks | 30/36 | €100 | €228 | +€128 | +128% |
| Amounts receivable within one year | 40/41 | €8,957 | €7,403 | -€1,554 | -17.3% |
| Trade receivables | 40 | €6,553 | €5,923 | -€630 | -9.6% |
| Other amounts receivable | 41 | €2,404 | €1,480 | -€924 | -38.4% |
| Cash at bank and in hand | 54/58 | €30,225 | €66,809 | +€36,584 | +121% |
| Total equity and liabilities | 10/49 | €51,276 | €81,681 | +€30,405 | +59.3% |
| Equity | 10/15 | €42,220 | €44,459 | +€2,239 | +5.3% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €21,769 | €24,008 | +€2,239 | +10.3% |
| Distributable reserves | 133 | €21,769 | €24,008 | +€2,239 | +10.3% |
| Amounts payable | 17/49 | €9,055 | €37,222 | +€28,166 | +311% |
| Amounts payable after more than one year | 17 | €1,000 | €30,000 | +€29,000 | +2,900% |
| Financial debts | 170/4 | €1,000 | €30,000 | +€29,000 | +2,900% |
| Amounts payable within one year | 42/48 | €8,055 | €7,222 | -€834 | -10.4% |
| Trade debts | 44 | €3,167 | €3,608 | +€441 | +13.9% |
| Suppliers | 440/4 | €3,167 | €3,608 | +€441 | +13.9% |
| Taxes, remuneration and social security | 45 | €4,889 | €3,614 | -€1,275 | -26.1% |
| Taxes | 450/3 | €4,889 | €3,614 | -€1,275 | -26.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,955 | €4,900 | -€54 | -1.1% |
| Other operating charges | 640/8 | €59 | - | -€59 | |
| Gross operating margin | 9900 | €14,000 | €8,381 | -€5,618 | -40.1% |
| Operating profit (loss) | 9901 | €8,986 | €3,481 | -€5,505 | -61.3% |
| Financial income | 75/76B | €106 | €1,019 | +€913 | +863% |
| Recurring financial income | 75 | €106 | €1,019 | +€913 | +863% |
| Non-recurring financial income | 76B | €106 | €1,019 | +€913 | +863% |
| Financial charges | 65/66B | €39 | €61 | +€22 | +55.6% |
| Recurring financial charges | 65 | €39 | €61 | +€22 | +55.6% |
| Profit (loss) for the period before taxes | 9903 | €9,052 | €4,439 | -€4,614 | -51.0% |
| Income taxes | 67/77 | €3,350 | €2,200 | -€1,150 | -34.3% |
| Profit (loss) for the period | 9904 | €5,702 | €2,239 | -€3,464 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €5,702 | €2,239 | -€3,464 | -60.7% |
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 29 October 2026 via checked.be.