EESA: 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.
EESA
Largest movements
- Receivables within one year -€60,170
down €60,170 (-32.0%), from €188,094 to €127,924
of which Other amounts receivable: -€58,187
- Tangible fixed assets -€38,516
down €38,516 (-60.4%), from €63,748 to €25,232
of which Furniture and vehicles: -€26,297
- Cash +€8,463
up €8,463 (+103.2%), from €8,200 to €16,662
mainly Receivables within one year (+€60,170) and Depreciation (+€41,392)
- Profit (loss) carried forward -€25,452
down €25,452 (-87.2%), from -€29,190 to -€54,642
- Reserves -€22,000
down €22,000 (-8.9%), from €247,500 to €225,500
- Other debts -€19,400
down €19,400 (-94.6%), from €20,500 to €1,100
- Debts after one year -€12,000
no longer reported in 2025 (was €12,000)
- Current portion of long-term debt -€11,527
down €11,527 (-49.0%), from €23,526 to €12,000
- Depreciation -€10,484
down €10,484 (-20.2%), from €51,876 to €41,392
- Gross operating margin -€3,810
down €3,810 (-26.2%), from €14,538 to €10,728
- Financial income -€2,596
down €2,596 (-28.7%), from €9,056 to €6,460
- Financial charges -€1,792
down €1,792, from €1,135 to -€658
- Taxes +€248
up €248, from -€4 to €243
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 | €280,836 | €191,613 | -€89,223 | -31.8% |
| Fixed assets | 21/28 | €63,748 | €25,232 | -€38,516 | -60.4% |
| Tangible fixed assets | 22/27 | €63,748 | €25,232 | -€38,516 | -60.4% |
| Plant, machinery and equipment | 23 | €26,943 | €14,724 | -€12,219 | -45.4% |
| Furniture and vehicles | 24 | €36,804 | €10,508 | -€26,297 | -71.4% |
| Current assets | 29/58 | €217,088 | €166,381 | -€50,707 | -23.4% |
| Stocks and contracts in progress | 3 | €20,795 | €21,795 | +€1,000 | +4.8% |
| Stocks | 30/36 | €20,795 | €21,795 | +€1,000 | +4.8% |
| Amounts receivable within one year | 40/41 | €188,094 | €127,924 | -€60,170 | -32.0% |
| Trade receivables | 40 | €19,795 | €17,812 | -€1,983 | -10.0% |
| Other amounts receivable | 41 | €168,299 | €110,112 | -€58,187 | -34.6% |
| Cash at bank and in hand | 54/58 | €8,200 | €16,662 | +€8,463 | +103.2% |
| Total equity and liabilities | 10/49 | €280,836 | €191,613 | -€89,223 | -31.8% |
| Equity | 10/15 | €224,810 | €177,358 | -€47,452 | -21.1% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €247,500 | €225,500 | -€22,000 | -8.9% |
| Distributable reserves | 133 | €247,500 | €225,500 | -€22,000 | -8.9% |
| Profit (loss) carried forward | 14 | -€29,190 | -€54,642 | -€25,452 | -87.2% |
| Amounts payable | 17/49 | €56,026 | €14,256 | -€41,770 | -74.6% |
| Amounts payable after more than one year | 17 | €12,000 | - | -€12,000 | |
| Financial debts | 170/4 | €12,000 | - | -€12,000 | |
| Amounts payable within one year | 42/48 | €44,026 | €14,256 | -€29,771 | -67.6% |
| Current portion of amounts payable after more than one year | 42 | €23,526 | €12,000 | -€11,527 | -49.0% |
| Trade debts | 44 | - | €1,156 | +€1,156 | |
| Suppliers | 440/4 | - | €1,156 | +€1,156 | |
| Other amounts payable | 47/48 | €20,500 | €1,100 | -€19,400 | -94.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,876 | €41,392 | -€10,484 | -20.2% |
| Other operating charges | 640/8 | €1,682 | €1,663 | -€19 | -1.1% |
| Gross operating margin | 9900 | €14,538 | €10,728 | -€3,810 | -26.2% |
| Operating profit (loss) | 9901 | -€39,020 | -€32,327 | +€6,693 | +17.2% |
| Financial income | 75/76B | €9,056 | €6,460 | -€2,596 | -28.7% |
| Recurring financial income | 75 | €9,056 | €6,460 | -€2,596 | -28.7% |
| Financial charges | 65/66B | €1,135 | -€658 | -€1,792 | |
| Recurring financial charges | 65 | €1,135 | -€658 | -€1,792 | |
| Profit (loss) for the period before taxes | 9903 | -€31,099 | -€25,209 | +€5,889 | +18.9% |
| Income taxes | 67/77 | -€4 | €243 | +€248 | |
| Profit (loss) for the period | 9904 | -€31,094 | -€25,452 | +€5,642 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,094 | -€25,452 | +€5,642 | +18.1% |
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 10 October 2026 via checked.be.