e-Sia: 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-Sia
Largest movements
- Receivables within one year +€92,790
up €92,790 (+166%), from €55,790 to €148,580
of which Other amounts receivable: +€77,372
- Intangible fixed assets -€25,357
down €25,357 (-18.1%), from €140,144 to €114,787
- Cash -€18,987
down €18,987 (-100%), from €18,987 to €0
mainly Receivables within one year (-€92,790) and Investment in fixed assets (net) (-€26,362)
- Deferred charges and accrued income +€4,229
up €4,229 (+241%), from €1,757 to €5,986
- Tangible fixed assets -€3,046
down €3,046 (-19.8%), from €15,391 to €12,345
of which Plant, machinery and equipment: -€2,091
- Trade debts +€24,701
up €24,701 (+4,206%), from €587 to €25,289
- Tax, wage and social debts +€19,328
up €19,328 (+275%), from €7,031 to €26,359
of which Taxes: +€13,941
- Short-term financial debts +€8,723
up €8,723 (+1,289%), from €677 to €9,399
- Debts after one year -€7,038
down €7,038 (-3.4%), from €205,517 to €198,478
- Reserves +€6,631
up €6,631 (+363%), from €1,828 to €8,460
- Staff costs +€23,504
up €23,504 (+630%), from €3,733 to €27,238
- Gross operating margin -€8,758
down €8,758 (-8.4%), from €104,425 to €95,668
- Depreciation +€7,461
up €7,461 (+15.6%), from €47,888 to €55,349
- Taxes +€4,824
up €4,824 (+1,020%), from €473 to €5,297
- Financial income +€2,109
up €2,109 (+340%), from €621 to €2,730
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 | €232,727 | €281,773 | +€49,046 | +21.1% |
| Formation expenses | 20 | €383 | €75 | -€308 | -80.4% |
| Fixed assets | 21/28 | €155,810 | €127,132 | -€28,678 | -18.4% |
| Intangible fixed assets | 21 | €140,144 | €114,787 | -€25,357 | -18.1% |
| Tangible fixed assets | 22/27 | €15,391 | €12,345 | -€3,046 | -19.8% |
| Plant, machinery and equipment | 23 | €8,474 | €6,383 | -€2,091 | -24.7% |
| Furniture and vehicles | 24 | €6,917 | €5,962 | -€955 | -13.8% |
| Financial fixed assets | 28 | €275 | €0 | -€275 | -100% |
| Current assets | 29/58 | €76,534 | €154,566 | +€78,032 | +102% |
| Amounts receivable within one year | 40/41 | €55,790 | €148,580 | +€92,790 | +166% |
| Trade receivables | 40 | €45,365 | €60,783 | +€15,418 | +34.0% |
| Other amounts receivable | 41 | €10,425 | €87,797 | +€77,372 | +742% |
| Cash at bank and in hand | 54/58 | €18,987 | €0 | -€18,987 | -100% |
| Deferred charges and accrued income | 490/1 | €1,757 | €5,986 | +€4,229 | +241% |
| Total equity and liabilities | 10/49 | €232,727 | €281,773 | +€49,046 | +21.1% |
| Equity | 10/15 | €6,828 | €13,460 | +€6,631 | +97.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €1,828 | €8,460 | +€6,631 | +363% |
| Distributable reserves | 133 | €1,828 | €8,460 | +€6,631 | +363% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €225,899 | €268,313 | +€42,414 | +18.8% |
| Amounts payable after more than one year | 17 | €205,517 | €198,478 | -€7,038 | -3.4% |
| Financial debts | 170/4 | €205,517 | €198,478 | -€7,038 | -3.4% |
| Amounts payable within one year | 42/48 | €18,632 | €68,085 | +€49,453 | +265% |
| Current portion of amounts payable after more than one year | 42 | €10,337 | €7,038 | -€3,299 | -31.9% |
| Financial debts | 43 | €677 | €9,399 | +€8,723 | +1,289% |
| Credit institutions | 430/8 | €677 | €9,399 | +€8,723 | +1,289% |
| Trade debts | 44 | €587 | €25,289 | +€24,701 | +4,206% |
| Suppliers | 440/4 | €587 | €25,289 | +€24,701 | +4,206% |
| Taxes, remuneration and social security | 45 | €7,031 | €26,359 | +€19,328 | +275% |
| Taxes | 450/3 | €6,224 | €20,165 | +€13,941 | +224% |
| Remuneration and social security | 454/9 | €807 | €6,194 | +€5,387 | +667% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,750 | €1,750 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €3,733 | €27,238 | +€23,504 | +630% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,888 | €55,349 | +€7,461 | +15.6% |
| Other operating charges | 640/8 | €965 | €1,451 | +€486 | +50.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €104,425 | €95,668 | -€8,758 | -8.4% |
| Operating profit (loss) | 9901 | €51,839 | €11,630 | -€40,209 | -77.6% |
| Financial income | 75/76B | €621 | €2,730 | +€2,109 | +340% |
| Recurring financial income | 75 | €621 | €2,730 | +€2,109 | +340% |
| Financial charges | 65/66B | €2,287 | €2,432 | +€145 | +6.3% |
| Recurring financial charges | 65 | €2,287 | €2,432 | +€145 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €50,172 | €11,928 | -€38,244 | -76.2% |
| Income taxes | 67/77 | €473 | €5,297 | +€4,824 | +1,020% |
| Profit (loss) for the period | 9904 | €49,700 | €6,631 | -€43,068 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,700 | €6,631 | -€43,068 | -86.7% |
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 15 October 2026 via checked.be.