ES AGENCY: 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.
ES AGENCY
Largest movements
- Receivables within one year +€8,200
up €8,200 (+114%), from €7,210 to €15,410
of which Trade receivables: +€8,481
- Stocks and contracts +€3,923
up €3,923 (+51.0%), from €7,688 to €11,610
- Cash +€3,073
up €3,073 (+183%), from €1,677 to €4,751
mainly Other debts (+€11,625) and Trade debts (+€3,314)
- Tangible fixed assets +€2,427
up €2,427 (+45.2%), from €5,370 to €7,798
of which Furniture and vehicles: +€1,468
- Other debts +€11,625
up €11,625 (+846%), from €1,375 to €13,000
- Trade debts +€3,314
up €3,314 (+19.7%), from €16,838 to €20,152
- Tax, wage and social debts +€1,249
up €1,249 (+166%), from €753 to €2,002
- Profit (loss) carried forward +€821
up €821, from -€20 to €801
- Accrued charges and deferred income +€614
new in 2025: €614
- Gross operating margin +€3,317
up €3,317 (+599%), from €554 to €3,871
- Depreciation +€1,943
up €1,943 (+540%), from €360 to €2,302
- Other operating charges +€276
new in 2025: €276
- Taxes +€90
up €90 (+26.3%), from €341 to €431
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 | €21,945 | €39,568 | +€17,623 | +80.3% |
| Fixed assets | 21/28 | €5,370 | €7,798 | +€2,427 | +45.2% |
| Tangible fixed assets | 22/27 | €5,370 | €7,798 | +€2,427 | +45.2% |
| Plant, machinery and equipment | 23 | - | €959 | +€959 | |
| Furniture and vehicles | 24 | €5,370 | €6,839 | +€1,468 | +27.3% |
| Current assets | 29/58 | €16,575 | €31,771 | +€15,196 | +91.7% |
| Stocks and contracts in progress | 3 | €7,688 | €11,610 | +€3,923 | +51.0% |
| Stocks | 30/36 | €7,688 | €11,610 | +€3,923 | +51.0% |
| Amounts receivable within one year | 40/41 | €7,210 | €15,410 | +€8,200 | +114% |
| Trade receivables | 40 | €6,929 | €15,410 | +€8,481 | +122% |
| Other amounts receivable | 41 | €281 | - | -€281 | |
| Cash at bank and in hand | 54/58 | €1,677 | €4,751 | +€3,073 | +183% |
| Total equity and liabilities | 10/49 | €21,945 | €39,568 | +€17,623 | +80.3% |
| Equity | 10/15 | €2,980 | €3,801 | +€821 | +27.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20 | €801 | +€821 | |
| Amounts payable | 17/49 | €18,965 | €35,768 | +€16,802 | +88.6% |
| Amounts payable within one year | 42/48 | €18,965 | €35,154 | +€16,188 | +85.4% |
| Trade debts | 44 | €16,838 | €20,152 | +€3,314 | +19.7% |
| Suppliers | 440/4 | €16,838 | €20,152 | +€3,314 | +19.7% |
| Taxes, remuneration and social security | 45 | €753 | €2,002 | +€1,249 | +166% |
| Taxes | 450/3 | €753 | €2,002 | +€1,249 | +166% |
| Other amounts payable | 47/48 | €1,375 | €13,000 | +€11,625 | +846% |
| Accrued charges and deferred income | 492/3 | - | €614 | +€614 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €360 | €2,302 | +€1,943 | +540% |
| Other operating charges | 640/8 | - | €276 | +€276 | |
| Gross operating margin | 9900 | €554 | €3,871 | +€3,317 | +599% |
| Operating profit (loss) | 9901 | €195 | €1,293 | +€1,099 | +565% |
| Financial income | 75/76B | €0 | €37 | +€36 | +8,802% |
| Recurring financial income | 75 | €0 | €37 | +€36 | +8,802% |
| Financial charges | 65/66B | €60 | €78 | +€18 | +29.7% |
| Recurring financial charges | 65 | €60 | €78 | +€18 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €135 | €1,252 | +€1,117 | +829% |
| Income taxes | 67/77 | €341 | €431 | +€90 | +26.3% |
| Profit (loss) for the period | 9904 | -€206 | €821 | +€1,027 | |
| Profit (loss) for the period to be appropriated | 9905 | -€206 | €821 | +€1,027 |
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 28 October 2026 via checked.be.