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ES Solution: 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.

What changed

ES Solution

BE 0785.586.271
NACE 47.540, Retail sale of electrical household appliances
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€17,564
2023 · -€23,828+€6,264
Equity
-€40,391
2023 · -€22,828-€17,564
Cash
€412
2023 · €3,596-€3,184
Balance sheet total
€116,533
2023 · €59,782+€56,751

Largest movements

2023 to 2024
Assets
  • Tangible fixed assets +€56,932

    up €56,932 (+337.4%), from €16,874 to €73,806

    of which Furniture and vehicles: +€61,861

  • Intangible fixed assets +€4,273

    new in 2024: €4,273

  • Cash -€3,184

    down €3,184 (-88.5%), from €3,596 to €412

    mainly Investment in fixed assets (net) (-€78,220) and Net result for the year (-€17,564)

  • Receivables within one year -€1,270

    down €1,270 (-83.5%), from €1,522 to €251

    of which Trade receivables: -€1,522

Equity and liabilities
  • Other debts +€75,774

    up €75,774 (+93.7%), from €80,867 to €156,640

  • Profit (loss) carried forward -€17,564

    down €17,564 (-73.7%), from -€23,828 to -€41,391

  • Trade debts -€1,238

    down €1,238 (-81.4%), from €1,522 to €284

Income statement
  • Gross operating margin +€21,941

    up €21,941, from -€15,916 to €6,026

  • Depreciation +€9,245

    up €9,245 (+119.0%), from €7,770 to €17,015

  • Other operating charges +€6,468

    new in 2024: €6,468

From the 2023 result to the 2024 result

effect on the 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.

Result 2023 -€23,828
Gross operating margin +€21,941
Depreciation -€9,245
Other operating charges -€6,468
Financial charges +€36
Result 2024 -€17,564

Cash bridge derived

cash 2023 to 2024

Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.

From operations +€75,036
Investment -€78,220
Financing €0
Cash 2023 €3,596
Net result for the year -€17,564
Depreciation +€17,015
Receivables within one year +€1,270
Trade debts -€1,238
Tax, wage and social debts -€221
Other debts +€75,774
Investment in fixed assets (net) -€78,220
Cash 2024 €412
Every line side by side 33 lines
Line Code 2023 2024 Change %
Total assets 20/58 €59,782 €116,533 +€56,751 +94.9%
Fixed assets 21/28 €16,874 €78,079 +€61,205 +362.7%
Intangible fixed assets 21 - €4,273 +€4,273
Tangible fixed assets 22/27 €16,874 €73,806 +€56,932 +337.4%
Furniture and vehicles 24 - €61,861 +€61,861
Other tangible fixed assets 26 €16,874 €11,945 -€4,929 -29.2%
Current assets 29/58 €42,908 €38,454 -€4,454 -10.4%
Stocks and contracts in progress 3 €37,790 €37,790 = 0.0%
Stocks 30/36 €37,790 €37,790 = 0.0%
Amounts receivable within one year 40/41 €1,522 €251 -€1,270 -83.5%
Trade receivables 40 €1,522 - -€1,522
Other amounts receivable 41 - €251 +€251
Cash at bank and in hand 54/58 €3,596 €412 -€3,184 -88.5%
Total equity and liabilities 10/49 €59,782 €116,533 +€56,751 +94.9%
Equity 10/15 -€22,828 -€40,391 -€17,564 -76.9%
Contributions 10/11 €1,000 €1,000 = 0.0%
Profit (loss) carried forward 14 -€23,828 -€41,391 -€17,564 -73.7%
Amounts payable 17/49 €82,609 €156,924 +€74,315 +90.0%
Amounts payable within one year 42/48 €82,609 €156,924 +€74,315 +90.0%
Trade debts 44 €1,522 €284 -€1,238 -81.4%
Suppliers 440/4 €1,522 €284 -€1,238 -81.4%
Taxes, remuneration and social security 45 €221 - -€221
Taxes 450/3 €221 - -€221
Other amounts payable 47/48 €80,867 €156,640 +€75,774 +93.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €7,770 €17,015 +€9,245 +119.0%
Other operating charges 640/8 - €6,468 +€6,468
Gross operating margin 9900 -€15,916 €6,026 +€21,941
Operating profit (loss) 9901 -€23,685 -€17,457 +€6,228 +26.3%
Financial charges 65/66B €142 €106 -€36 -25.3%
Recurring financial charges 65 €142 €106 -€36 -25.3%
Profit (loss) for the period before taxes 9903 -€23,828 -€17,564 +€6,264 +26.3%
Profit (loss) for the period 9904 -€23,828 -€17,564 +€6,264 +26.3%
Profit (loss) for the period to be appropriated 9905 -€23,828 -€17,564 +€6,264 +26.3%

Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.