ES-EM NET GROUP: 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-EM NET GROUP
Largest movements
- Receivables within one year +€40,063
up €40,063 (+2,430%), from €1,649 to €41,712
of which Other amounts receivable: +€28,234
- Cash +€5,906
up €5,906 (+186%), from €3,182 to €9,088
mainly Net result for the year (+€27,879) and Trade debts (+€12,211)
- Tangible fixed assets -€1,000
down €1,000 (-24.5%), from €4,087 to €3,087
- Profit (loss) carried forward +€27,879
up €27,879 (+629%), from €4,430 to €32,310
- Trade debts +€12,211
up €12,211 (+2,498%), from €489 to €12,700
- Tax, wage and social debts +€6,554
up €6,554 (+430%), from €1,524 to €8,077
of which Taxes: +€6,970
- Other debts -€1,675
no longer reported in 2025 (was €1,675)
- Gross operating margin +€27,220
up €27,220 (+295%), from €9,235 to €36,455
- Taxes +€5,862
up €5,862 (+529%), from €1,108 to €6,970
- Staff costs -€2,576
no longer reported in 2025 (was €2,576)
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 | €9,118 | €54,087 | +€44,969 | +493% |
| Fixed assets | 21/28 | €4,287 | €3,287 | -€1,000 | -23.3% |
| Tangible fixed assets | 22/27 | €4,087 | €3,087 | -€1,000 | -24.5% |
| Furniture and vehicles | 24 | €4,087 | €3,087 | -€1,000 | -24.5% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €4,831 | €50,799 | +€45,969 | +952% |
| Amounts receivable within one year | 40/41 | €1,649 | €41,712 | +€40,063 | +2,430% |
| Trade receivables | 40 | - | €11,829 | +€11,829 | |
| Other amounts receivable | 41 | €1,649 | €29,883 | +€28,234 | +1,712% |
| Cash at bank and in hand | 54/58 | €3,182 | €9,088 | +€5,906 | +186% |
| Total equity and liabilities | 10/49 | €9,118 | €54,087 | +€44,969 | +493% |
| Equity | 10/15 | €5,430 | €33,310 | +€27,879 | +513% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,430 | €32,310 | +€27,879 | +629% |
| Amounts payable | 17/49 | €3,688 | €20,777 | +€17,089 | +463% |
| Amounts payable within one year | 42/48 | €3,688 | €20,777 | +€17,089 | +463% |
| Trade debts | 44 | €489 | €12,700 | +€12,211 | +2,498% |
| Suppliers | 440/4 | €489 | €12,700 | +€12,211 | +2,498% |
| Taxes, remuneration and social security | 45 | €1,524 | €8,077 | +€6,554 | +430% |
| Taxes | 450/3 | €1,108 | €8,077 | +€6,970 | +629% |
| Remuneration and social security | 454/9 | €416 | - | -€416 | |
| Other amounts payable | 47/48 | €1,675 | - | -€1,675 | |
| Remuneration, social security and pensions | 62 | €2,576 | - | -€2,576 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €913 | €1,000 | +€87 | +9.6% |
| Other operating charges | 640/8 | €158 | €353 | +€194 | +123% |
| Gross operating margin | 9900 | €9,235 | €36,455 | +€27,220 | +295% |
| Operating profit (loss) | 9901 | €5,587 | €35,102 | +€29,515 | +528% |
| Financial charges | 65/66B | €49 | €253 | +€204 | +413% |
| Recurring financial charges | 65 | €49 | €253 | +€204 | +413% |
| Profit (loss) for the period before taxes | 9903 | €5,538 | €34,849 | +€29,311 | +529% |
| Income taxes | 67/77 | €1,108 | €6,970 | +€5,862 | +529% |
| Profit (loss) for the period | 9904 | €4,430 | €27,879 | +€23,449 | +529% |
| Profit (loss) for the period to be appropriated | 9905 | €4,430 | €27,879 | +€23,449 | +529% |
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 24 October 2026 via checked.be.