ES PARTNERS: 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 PARTNERS
Largest movements
- Cash -€155,521
down €155,521 (-40.4%), from €385,153 to €229,631
mainly Short-term financial debts (-€104,000) and Debts after one year (-€98,091)
- Intangible fixed assets -€55,036
down €55,036 (-14.4%), from €381,502 to €326,465
- Stocks and contracts +€54,007
up €54,007 (+5.4%), from €992,611 to €1.0m
- Tangible fixed assets +€43,114
up €43,114 (+111%), from €38,834 to €81,949
of which Furniture and vehicles: +€24,157
- Receivables within one year +€30,339
up €30,339 (+14,552%), from €208 to €30,548
- Profit (loss) carried forward +€134,327
up €134,327 (+67.1%), from €200,118 to €334,444
- Short-term financial debts -€104,000
down €104,000 (-17.2%), from €604,000 to €500,000
- Debts after one year -€98,091
down €98,091 (-29.5%), from €332,427 to €234,336
- Tax, wage and social debts -€38,243
down €38,243 (-31.5%), from €121,410 to €83,167
of which Taxes: -€40,086
- Current portion of long-term debt +€19,287
up €19,287 (+27.6%), from €69,885 to €89,172
- Gross operating margin -€85,243
down €85,243 (-8.1%), from €1.1m to €965,664
- Staff costs +€27,146
up €27,146 (+4.9%), from €549,608 to €576,754
- Taxes -€24,178
down €24,178 (-32.7%), from €74,003 to €49,825
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 | €1,804,771 | €1,721,777 | -€82,994 | -4.6% |
| Formation expenses | 20 | €125 | €0 | -€125 | -100% |
| Fixed assets | 21/28 | €426,674 | €414,701 | -€11,973 | -2.8% |
| Intangible fixed assets | 21 | €381,502 | €326,465 | -€55,036 | -14.4% |
| Tangible fixed assets | 22/27 | €38,834 | €81,949 | +€43,114 | +111% |
| Plant, machinery and equipment | 23 | €9,042 | €27,999 | +€18,957 | +210% |
| Furniture and vehicles | 24 | €29,792 | €53,949 | +€24,157 | +81.1% |
| Financial fixed assets | 28 | €6,338 | €6,287 | -€51 | -0.8% |
| Current assets | 29/58 | €1,377,972 | €1,307,076 | -€70,896 | -5.1% |
| Stocks and contracts in progress | 3 | €992,611 | €1,046,618 | +€54,007 | +5.4% |
| Stocks | 30/36 | €992,611 | €1,046,618 | +€54,007 | +5.4% |
| Amounts receivable within one year | 40/41 | €208 | €30,548 | +€30,339 | +14,552% |
| Other amounts receivable | 41 | €208 | €30,548 | +€30,339 | +14,552% |
| Cash at bank and in hand | 54/58 | €385,153 | €229,631 | -€155,521 | -40.4% |
| Deferred charges and accrued income | 490/1 | - | €279 | +€279 | |
| Total equity and liabilities | 10/49 | €1,804,771 | €1,721,777 | -€82,994 | -4.6% |
| Equity | 10/15 | €350,118 | €484,444 | +€134,327 | +38.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,118 | €334,444 | +€134,327 | +67.1% |
| Amounts payable | 17/49 | €1,454,653 | €1,237,333 | -€217,320 | -14.9% |
| Amounts payable after more than one year | 17 | €332,427 | €234,336 | -€98,091 | -29.5% |
| Financial debts | 170/4 | €332,427 | €234,336 | -€98,091 | -29.5% |
| Amounts payable within one year | 42/48 | €1,122,226 | €996,426 | -€125,800 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €69,885 | €89,172 | +€19,287 | +27.6% |
| Financial debts | 43 | €604,000 | €500,000 | -€104,000 | -17.2% |
| Credit institutions | 430/8 | €604,000 | €500,000 | -€104,000 | -17.2% |
| Trade debts | 44 | €266,603 | €263,942 | -€2,661 | -1.0% |
| Suppliers | 440/4 | €266,603 | €263,942 | -€2,661 | -1.0% |
| Advances received on contracts in progress | 46 | €5,328 | €5,145 | -€183 | -3.4% |
| Taxes, remuneration and social security | 45 | €121,410 | €83,167 | -€38,243 | -31.5% |
| Taxes | 450/3 | €63,203 | €23,117 | -€40,086 | -63.4% |
| Remuneration and social security | 454/9 | €58,207 | €60,050 | +€1,844 | +3.2% |
| Other amounts payable | 47/48 | €55,000 | €55,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €6,571 | +€6,571 | |
| Non-recurring operating income | 76A | €61,130 | €57,611 | -€3,519 | -5.8% |
| Remuneration, social security and pensions | 62 | €549,608 | €576,754 | +€27,146 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,704 | €75,955 | +€7,251 | +10.6% |
| Other operating charges | 640/8 | €87,409 | €86,645 | -€764 | -0.9% |
| Non-recurring operating charges | 66A | €1,994 | €300 | -€1,694 | -85.0% |
| Gross operating margin | 9900 | €1,050,906 | €965,664 | -€85,243 | -8.1% |
| Operating profit (loss) | 9901 | €343,191 | €226,010 | -€117,181 | -34.1% |
| Financial income | 75/76B | €1,185 | €19 | -€1,166 | -98.4% |
| Recurring financial income | 75 | €1,185 | €19 | -€1,166 | -98.4% |
| Financial charges | 65/66B | €42,977 | €41,878 | -€1,099 | -2.6% |
| Recurring financial charges | 65 | €42,977 | €41,878 | -€1,099 | -2.6% |
| Profit (loss) for the period before taxes | 9903 | €301,400 | €184,152 | -€117,248 | -38.9% |
| Income taxes | 67/77 | €74,003 | €49,825 | -€24,178 | -32.7% |
| Profit (loss) for the period | 9904 | €227,397 | €134,327 | -€93,070 | -40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €227,397 | €134,327 | -€93,070 | -40.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.