EESER: 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.
EESER
Largest movements
- Receivables within one year -€11,086
down €11,086 (-57.6%), from €19,242 to €8,157
of which Trade receivables: -€11,086
- Cash +€3,920
up €3,920 (+69.3%), from €5,660 to €9,580
mainly Receivables within one year (+€11,086) and Trade debts (+€5,427)
- Deferred charges and accrued income -€1,697
down €1,697 (-43.9%), from €3,864 to €2,166
- Tangible fixed assets -€1,410
down €1,410 (-75.3%), from €1,872 to €462
- Profit (loss) carried forward -€14,010
down €14,010 (-3.2%), from -€436,096 to -€450,106
- Trade debts +€5,427
up €5,427 (+797%), from €681 to €6,107
- Tax, wage and social debts -€3,898
down €3,898 (-58.8%), from €6,628 to €2,730
- Other debts +€1,966
up €1,966 (+2.0%), from €100,005 to €101,971
- Gross operating margin +€67,735
up €67,735 (+87.6%), from -€77,290 to -€9,556
- Other operating charges -€6,652
down €6,652 (-76.1%), from €8,746 to €2,094
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €31,298 | €21,025 | -€10,273 | -32.8% |
| Fixed assets | 21/28 | €2,532 | €1,122 | -€1,410 | -55.7% |
| Tangible fixed assets | 22/27 | €1,872 | €462 | -€1,410 | -75.3% |
| Land and buildings | 22 | €954 | €341 | -€614 | -64.3% |
| Plant, machinery and equipment | 23 | €419 | €0 | -€419 | -100% |
| Furniture and vehicles | 24 | €498 | €121 | -€377 | -75.6% |
| Financial fixed assets | 28 | €660 | €660 | = | 0.0% |
| Current assets | 29/58 | €28,766 | €19,903 | -€8,863 | -30.8% |
| Amounts receivable within one year | 40/41 | €19,242 | €8,157 | -€11,086 | -57.6% |
| Trade receivables | 40 | €19,242 | €8,157 | -€11,086 | -57.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €5,660 | €9,580 | +€3,920 | +69.3% |
| Deferred charges and accrued income | 490/1 | €3,864 | €2,166 | -€1,697 | -43.9% |
| Total equity and liabilities | 10/49 | €31,298 | €21,025 | -€10,273 | -32.8% |
| Equity | 10/15 | -€76,230 | -€90,240 | -€14,010 | -18.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €353,666 | €353,666 | = | 0.0% |
| Distributable reserves | 133 | €353,666 | €353,666 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€436,096 | -€450,106 | -€14,010 | -3.2% |
| Amounts payable | 17/49 | €107,528 | €111,265 | +€3,737 | +3.5% |
| Amounts payable within one year | 42/48 | €107,314 | €110,808 | +€3,495 | +3.3% |
| Trade debts | 44 | €681 | €6,107 | +€5,427 | +797% |
| Suppliers | 440/4 | €681 | €6,107 | +€5,427 | +797% |
| Taxes, remuneration and social security | 45 | €6,628 | €2,730 | -€3,898 | -58.8% |
| Taxes | 450/3 | €6,628 | €2,730 | -€3,898 | -58.8% |
| Other amounts payable | 47/48 | €100,005 | €101,971 | +€1,966 | +2.0% |
| Accrued charges and deferred income | 492/3 | €214 | €457 | +€243 | +113% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,565 | €1,410 | -€155 | -9.9% |
| Other operating charges | 640/8 | €8,746 | €2,094 | -€6,652 | -76.1% |
| Gross operating margin | 9900 | -€77,290 | -€9,556 | +€67,735 | +87.6% |
| Operating profit (loss) | 9901 | -€87,601 | -€13,059 | +€74,542 | +85.1% |
| Financial income | 75/76B | €300 | €0 | -€300 | -100% |
| Recurring financial income | 75 | €300 | €0 | -€300 | -100% |
| Financial charges | 65/66B | €770 | €628 | -€142 | -18.4% |
| Recurring financial charges | 65 | €770 | €628 | -€142 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | -€88,072 | -€13,687 | +€74,385 | +84.5% |
| Income taxes | 67/77 | €354 | €322 | -€32 | -8.9% |
| Profit (loss) for the period | 9904 | -€88,426 | -€14,010 | +€74,416 | +84.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€88,426 | -€14,010 | +€74,416 | +84.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.