ESA: 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.
ESA
Largest movements
- Stocks and contracts -€38,044
down €38,044 (-40.3%), from €94,399 to €56,355
- Receivables within one year -€14,465
down €14,465 (-81.3%), from €17,794 to €3,328
- Tangible fixed assets -€6,506
down €6,506 (-45.7%), from €14,235 to €7,729
- Intangible fixed assets -€2,417
down €2,417 (-13.8%), from €17,516 to €15,099
- Financial fixed assets +€1,750
up €1,750 (+102.9%), from €1,700 to €3,450
- Profit (loss) carried forward -€41,294
down €41,294, from €36,189 to -€5,105
- Tax, wage and social debts -€9,307
down €9,307 (-38.8%), from €23,972 to €14,665
- Other debts -€3,563
down €3,563 (-12.5%), from €28,441 to €24,878
- Debts after one year -€2,897
down €2,897 (-31.0%), from €9,350 to €6,453
- Gross operating margin -€97,226
down €97,226, from €63,025 to -€34,201
- Taxes -€11,500
no longer reported in 2023 (was €11,500)
- Write-downs -€7,750
down €7,750, from €3,875 to -€3,875
- Depreciation -€2,406
down €2,406 (-21.2%), from €11,329 to €8,923
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €167,899 | €109,529 | -€58,371 | -34.8% |
| Fixed assets | 21/28 | €33,451 | €26,278 | -€7,173 | -21.4% |
| Intangible fixed assets | 21 | €17,516 | €15,099 | -€2,417 | -13.8% |
| Tangible fixed assets | 22/27 | €14,235 | €7,729 | -€6,506 | -45.7% |
| Furniture and vehicles | 24 | €14,235 | €7,729 | -€6,506 | -45.7% |
| Financial fixed assets | 28 | €1,700 | €3,450 | +€1,750 | +102.9% |
| Current assets | 29/58 | €134,448 | €83,250 | -€51,198 | -38.1% |
| Stocks and contracts in progress | 3 | €94,399 | €56,355 | -€38,044 | -40.3% |
| Stocks | 30/36 | €94,399 | €56,355 | -€38,044 | -40.3% |
| Amounts receivable within one year | 40/41 | €17,794 | €3,328 | -€14,465 | -81.3% |
| Trade receivables | 40 | €17,794 | €3,328 | -€14,465 | -81.3% |
| Cash at bank and in hand | 54/58 | €19,920 | €20,962 | +€1,042 | +5.2% |
| Deferred charges and accrued income | 490/1 | €2,336 | €2,605 | +€269 | +11.5% |
| Total equity and liabilities | 10/49 | €167,899 | €109,529 | -€58,371 | -34.8% |
| Equity | 10/15 | €80,689 | €39,395 | -€41,294 | -51.2% |
| Contributions | 10/11 | €44,500 | €44,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €36,189 | -€5,105 | -€41,294 | |
| Amounts payable | 17/49 | €87,210 | €70,133 | -€17,077 | -19.6% |
| Amounts payable after more than one year | 17 | €9,350 | €6,453 | -€2,897 | -31.0% |
| Financial debts | 170/4 | €9,350 | €6,453 | -€2,897 | -31.0% |
| Amounts payable within one year | 42/48 | €77,687 | €63,681 | -€14,007 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €2,847 | €2,897 | +€50 | +1.8% |
| Trade debts | 44 | €22,428 | €21,241 | -€1,187 | -5.3% |
| Suppliers | 440/4 | €22,428 | €21,241 | -€1,187 | -5.3% |
| Taxes, remuneration and social security | 45 | €23,972 | €14,665 | -€9,307 | -38.8% |
| Taxes | 450/3 | €23,972 | €14,665 | -€9,307 | -38.8% |
| Other amounts payable | 47/48 | €28,441 | €24,878 | -€3,563 | -12.5% |
| Accrued charges and deferred income | 492/3 | €173 | - | -€173 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,329 | €8,923 | -€2,406 | -21.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,875 | -€3,875 | -€7,750 | |
| Other operating charges | 640/8 | €1,008 | €593 | -€415 | -41.2% |
| Gross operating margin | 9900 | €63,025 | -€34,201 | -€97,226 | |
| Operating profit (loss) | 9901 | €46,813 | -€39,841 | -€86,654 | |
| Financial income | 75/76B | - | €35 | +€35 | |
| Recurring financial income | 75 | - | €35 | +€35 | |
| Financial charges | 65/66B | €1,253 | €1,488 | +€235 | +18.8% |
| Recurring financial charges | 65 | €1,253 | €1,488 | +€235 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €45,560 | -€41,294 | -€86,854 | |
| Income taxes | 67/77 | €11,500 | - | -€11,500 | |
| Profit (loss) for the period | 9904 | €34,060 | -€41,294 | -€75,354 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,060 | -€41,294 | -€75,354 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.