ES Gear: what changed
Two fiscal 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 Gear
Largest movements
- Receivables within one year -€6,033
down €6,033 (-95.8%), from €6,300 to €267
of which Other amounts receivable: -€6,014
- Tangible fixed assets -€2,900
down €2,900 (-37.4%), from €7,747 to €4,847
of which Plant, machinery and equipment: -€2,239
- Intangible fixed assets +€464
up €464 (+2.2%), from €21,553 to €22,017
- Profit (loss) carried forward -€17,571
down €17,571 (-30.4%), from -€57,891 to -€75,462
- Other debts +€13,596
up €13,596 (+16.8%), from €81,010 to €94,606
- Trade debts -€4,617
down €4,617 (-98.8%), from €4,671 to €54
- Gross operating margin -€8,202
down €8,202 (-190.4%), from -€4,309 to -€12,511
- Depreciation -€1,376
down €1,376 (-32.2%), from €4,275 to €2,900
- Other operating charges -€505
down €505 (-24.1%), from €2,097 to €1,591
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 | €38,242 | €29,938 | -€8,304 | -21.7% |
| Fixed assets | 21/28 | €29,300 | €26,864 | -€2,435 | -8.3% |
| Intangible fixed assets | 21 | €21,553 | €22,017 | +€464 | +2.2% |
| Tangible fixed assets | 22/27 | €7,747 | €4,847 | -€2,900 | -37.4% |
| Plant, machinery and equipment | 23 | €6,230 | €3,990 | -€2,239 | -35.9% |
| Furniture and vehicles | 24 | €1,517 | €857 | -€660 | -43.5% |
| Current assets | 29/58 | €8,943 | €3,074 | -€5,868 | -65.6% |
| Amounts receivable within one year | 40/41 | €6,300 | €267 | -€6,033 | -95.8% |
| Trade receivables | 40 | €55 | €36 | -€19 | -34.8% |
| Other amounts receivable | 41 | €6,245 | €231 | -€6,014 | -96.3% |
| Cash at bank and in hand | 54/58 | €0 | €75 | +€74 | +23951.6% |
| Deferred charges and accrued income | 490/1 | €2,642 | €2,733 | +€90 | +3.4% |
| Total equity and liabilities | 10/49 | €38,242 | €29,938 | -€8,304 | -21.7% |
| Equity | 10/15 | -€47,891 | -€65,462 | -€17,571 | -36.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,891 | -€75,462 | -€17,571 | -30.4% |
| Amounts payable | 17/49 | €86,133 | €95,401 | +€9,268 | +10.8% |
| Amounts payable within one year | 42/48 | €86,133 | €95,401 | +€9,268 | +10.8% |
| Trade debts | 44 | €4,671 | €54 | -€4,617 | -98.8% |
| Suppliers | 440/4 | €4,671 | €54 | -€4,617 | -98.8% |
| Taxes, remuneration and social security | 45 | €452 | €740 | +€288 | +63.7% |
| Taxes | 450/3 | €452 | €740 | +€288 | +63.7% |
| Other amounts payable | 47/48 | €81,010 | €94,606 | +€13,596 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,275 | €2,900 | -€1,376 | -32.2% |
| Other operating charges | 640/8 | €2,097 | €1,591 | -€505 | -24.1% |
| Gross operating margin | 9900 | -€4,309 | -€12,511 | -€8,202 | -190.4% |
| Operating profit (loss) | 9901 | -€10,681 | -€17,002 | -€6,321 | -59.2% |
| Financial income | 75/76B | €34 | €27 | -€7 | -20.6% |
| Recurring financial income | 75 | €34 | €27 | -€7 | -20.6% |
| Financial charges | 65/66B | €368 | €420 | +€52 | +14.3% |
| Recurring financial charges | 65 | €368 | €420 | +€52 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,014 | -€17,395 | -€6,381 | -57.9% |
| Income taxes | 67/77 | €174 | €176 | +€2 | +1.0% |
| Profit (loss) for the period | 9904 | -€11,189 | -€17,571 | -€6,383 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,189 | -€17,571 | -€6,383 | -57.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.