ES-Line: 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-Line
Largest movements
- Tangible fixed assets -€19,482
down €19,482 (-42.6%), from €45,683 to €26,201
of which Leasing and similar rights: -€15,432
- Receivables within one year +€10,801
up €10,801 (+20.5%), from €52,563 to €63,365
of which Trade receivables: +€11,657
- Cash -€1,081
down €1,081 (-31.4%), from €3,448 to €2,367
mainly Debts after one year (-€45,687) and Receivables within one year (-€10,801)
- Debts after one year -€45,687
no longer reported in 2025 (was €45,687)
of which Financial debts: -€42,087
- Trade debts +€34,156
up €34,156 (+912.1%), from €3,745 to €37,901
- Profit (loss) carried forward +€6,052
up €6,052, from -€4,099 to €1,953
- Tax, wage and social debts -€4,283
down €4,283 (-85.2%), from €5,028 to €745
of which Remuneration and social security: -€4,283
- Gross operating margin +€30,990
up €30,990, from -€2,930 to €28,060
- Depreciation -€8,828
down €8,828 (-58.8%), from €15,026 to €6,197
- Taxes +€2,091
up €2,091 (+510.1%), from €410 to €2,501
- Other operating charges +€1,265
up €1,265 (+461.6%), from €274 to €1,539
- Financial charges +€330
up €330 (+11.2%), from €2,949 to €3,279
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 | €101,950 | €92,188 | -€9,762 | -9.6% |
| Fixed assets | 21/28 | €45,938 | €26,456 | -€19,482 | -42.4% |
| Tangible fixed assets | 22/27 | €45,683 | €26,201 | -€19,482 | -42.6% |
| Land and buildings | 22 | €26,651 | €25,011 | -€1,640 | -6.2% |
| Plant, machinery and equipment | 23 | €2,173 | €1,190 | -€983 | -45.2% |
| Furniture and vehicles | 24 | €1,427 | €0 | -€1,427 | -100.0% |
| Leasing and similar rights | 25 | €15,432 | - | -€15,432 | |
| Financial fixed assets | 28 | €255 | €255 | = | 0.0% |
| Current assets | 29/58 | €56,011 | €65,731 | +€9,720 | +17.4% |
| Amounts receivable within one year | 40/41 | €52,563 | €63,365 | +€10,801 | +20.5% |
| Trade receivables | 40 | €6,000 | €17,657 | +€11,657 | +194.3% |
| Other amounts receivable | 41 | €46,563 | €45,708 | -€855 | -1.8% |
| Cash at bank and in hand | 54/58 | €3,448 | €2,367 | -€1,081 | -31.4% |
| Total equity and liabilities | 10/49 | €101,950 | €92,188 | -€9,762 | -9.6% |
| Equity | 10/15 | €46,001 | €52,053 | +€6,052 | +13.2% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €41,900 | €41,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,000 | €25,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €16,900 | €16,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,099 | €1,953 | +€6,052 | |
| Amounts payable | 17/49 | €55,948 | €40,135 | -€15,814 | -28.3% |
| Amounts payable after more than one year | 17 | €45,687 | - | -€45,687 | |
| Financial debts | 170/4 | €42,087 | - | -€42,087 | |
| Other amounts payable | 178/9 | €3,600 | - | -€3,600 | |
| Amounts payable within one year | 42/48 | €10,261 | €40,135 | +€29,873 | +291.1% |
| Financial debts | 43 | €1,488 | €1,488 | = | 0.0% |
| Credit institutions | 430/8 | €1,488 | €1,488 | = | 0.0% |
| Trade debts | 44 | €3,745 | €37,901 | +€34,156 | +912.1% |
| Suppliers | 440/4 | €3,745 | €37,901 | +€34,156 | +912.1% |
| Taxes, remuneration and social security | 45 | €5,028 | €745 | -€4,283 | -85.2% |
| Taxes | 450/3 | €745 | €745 | = | 0.0% |
| Remuneration and social security | 454/9 | €4,283 | €0 | -€4,283 | -100.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €578 | €775 | +€197 | +34.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,026 | €6,197 | -€8,828 | -58.8% |
| Other operating charges | 640/8 | €274 | €1,539 | +€1,265 | +461.6% |
| Non-recurring operating charges | 66A | - | €7,716 | +€7,716 | |
| Gross operating margin | 9900 | -€2,930 | €28,060 | +€30,990 | |
| Operating profit (loss) | 9901 | -€18,808 | €11,832 | +€30,640 | |
| Financial charges | 65/66B | €2,949 | €3,279 | +€330 | +11.2% |
| Recurring financial charges | 65 | €2,949 | €3,279 | +€330 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,757 | €8,553 | +€30,310 | |
| Income taxes | 67/77 | €410 | €2,501 | +€2,091 | +510.1% |
| Profit (loss) for the period | 9904 | -€22,167 | €6,052 | +€28,219 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,167 | €6,052 | +€28,219 |
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 12 October 2026 via checked.be.