ES VERDA: 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 VERDA
Largest movements
- Tangible fixed assets +€37,710
up €37,710 (+4289.7%), from €879 to €38,589
of which Furniture and vehicles: +€37,020
- Cash -€14,260
down €14,260 (-38.5%), from €37,026 to €22,766
mainly Contributions, distributions and other (-€51,110) and Investment in fixed assets (net) (-€43,350)
- Receivables within one year +€9,202
up €9,202 (+11.7%), from €78,411 to €87,613
of which Trade receivables: +€14,014
- Other debts +€65,755
up €65,755 (+7654.8%), from €859 to €66,614
- Reserves -€38,242
down €38,242 (-45.4%), from €84,266 to €46,024
- Trade debts +€6,683
up €6,683 (+622.2%), from €1,074 to €7,757
- Gross operating margin -€12,558
down €12,558 (-28.6%), from €43,889 to €31,331
- Depreciation +€5,417
up €5,417 (+2429.6%), from €223 to €5,640
- Taxes -€948
down €948 (-6.9%), from €13,826 to €12,878
- Financial charges -€672
down €672 (-25.1%), from €2,676 to €2,004
- Financial income -€565
down €565 (-10.1%), from €5,616 to €5,051
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 | €117,563 | €150,873 | +€33,310 | +28.3% |
| Fixed assets | 21/28 | €879 | €38,589 | +€37,710 | +4289.7% |
| Tangible fixed assets | 22/27 | €879 | €38,589 | +€37,710 | +4289.7% |
| Plant, machinery and equipment | 23 | €879 | €1,569 | +€690 | +78.5% |
| Furniture and vehicles | 24 | - | €37,020 | +€37,020 | |
| Current assets | 29/58 | €116,684 | €112,284 | -€4,400 | -3.8% |
| Amounts receivable within one year | 40/41 | €78,411 | €87,613 | +€9,202 | +11.7% |
| Trade receivables | 40 | €142 | €14,156 | +€14,014 | +9868.8% |
| Other amounts receivable | 41 | €78,269 | €73,457 | -€4,812 | -6.1% |
| Cash at bank and in hand | 54/58 | €37,026 | €22,766 | -€14,260 | -38.5% |
| Deferred charges and accrued income | 490/1 | €1,247 | €1,905 | +€658 | +52.8% |
| Total equity and liabilities | 10/49 | €117,563 | €150,873 | +€33,310 | +28.3% |
| Equity | 10/15 | €102,866 | €64,624 | -€38,242 | -37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,266 | €46,024 | -€38,242 | -45.4% |
| Distributable reserves | 133 | €84,266 | €46,024 | -€38,242 | -45.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €14,698 | €86,249 | +€71,552 | +486.8% |
| Amounts payable within one year | 42/48 | €14,698 | €85,916 | +€71,218 | +484.6% |
| Trade debts | 44 | €1,074 | €7,757 | +€6,683 | +622.2% |
| Suppliers | 440/4 | €1,074 | €7,757 | +€6,683 | +622.2% |
| Taxes, remuneration and social security | 45 | €12,764 | €11,545 | -€1,219 | -9.6% |
| Taxes | 450/3 | €11,260 | €9,823 | -€1,437 | -12.8% |
| Remuneration and social security | 454/9 | €1,504 | €1,722 | +€218 | +14.5% |
| Other amounts payable | 47/48 | €859 | €66,614 | +€65,755 | +7654.8% |
| Accrued charges and deferred income | 492/3 | - | €333 | +€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223 | €5,640 | +€5,417 | +2429.6% |
| Other operating charges | 640/8 | €2,524 | €2,992 | +€468 | +18.5% |
| Gross operating margin | 9900 | €43,889 | €31,331 | -€12,558 | -28.6% |
| Operating profit (loss) | 9901 | €41,142 | €22,700 | -€18,443 | -44.8% |
| Financial income | 75/76B | €5,616 | €5,051 | -€565 | -10.1% |
| Recurring financial income | 75 | €5,616 | €5,051 | -€565 | -10.1% |
| Financial charges | 65/66B | €2,676 | €2,004 | -€672 | -25.1% |
| Recurring financial charges | 65 | €2,676 | €2,004 | -€672 | -25.1% |
| Profit (loss) for the period before taxes | 9903 | €44,083 | €25,747 | -€18,336 | -41.6% |
| Income taxes | 67/77 | €13,826 | €12,878 | -€948 | -6.9% |
| Profit (loss) for the period | 9904 | €30,257 | €12,868 | -€17,389 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €30,257 | €12,868 | -€17,389 | -57.5% |
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 5 October 2026 via checked.be.