ESA GROUP: 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.
ESA GROUP
Largest movements
- Cash +€8,882
up €8,882 (+45.3%), from €19,603 to €28,485
mainly Net result for the year (+€12,681) and Depreciation (+€9,914)
- Intangible fixed assets -€7,000
down €7,000 (-11.1%), from €63,023 to €56,023
- Stocks and contracts -€6,503
down €6,503 (-25.4%), from €25,607 to €19,104
- Receivables within one year +€5,576
new in 2025: €5,576
- Deferred charges and accrued income +€4,750
new in 2025: €4,750
- Profit (loss) carried forward +€12,681
up €12,681, from -€8,984 to €3,697
- Trade debts -€9,218
no longer reported in 2025 (was €9,218)
- Other debts -€8,817
down €8,817 (-9.1%), from €97,414 to €88,598
- Tax, wage and social debts +€8,145
up €8,145 (+113%), from €7,225 to €15,371
- Gross operating margin +€24,947
up €24,947 (+882%), from €2,830 to €27,777
- Financial charges +€2,929
up €2,929 (+1,087%), from €269 to €3,198
- Taxes +€1,586
new in 2025: €1,586
- Depreciation -€1,336
down €1,336 (-11.9%), from €11,249 to €9,914
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 | €114,874 | €117,666 | +€2,792 | +2.4% |
| Fixed assets | 21/28 | €69,664 | €59,750 | -€9,914 | -14.2% |
| Intangible fixed assets | 21 | €63,023 | €56,023 | -€7,000 | -11.1% |
| Tangible fixed assets | 22/27 | €6,641 | €3,728 | -€2,914 | -43.9% |
| Furniture and vehicles | 24 | €6,641 | €3,728 | -€2,914 | -43.9% |
| Current assets | 29/58 | €45,210 | €57,915 | +€12,705 | +28.1% |
| Stocks and contracts in progress | 3 | €25,607 | €19,104 | -€6,503 | -25.4% |
| Stocks | 30/36 | €25,607 | €19,104 | -€6,503 | -25.4% |
| Amounts receivable within one year | 40/41 | - | €5,576 | +€5,576 | |
| Trade receivables | 40 | - | €5,576 | +€5,576 | |
| Cash at bank and in hand | 54/58 | €19,603 | €28,485 | +€8,882 | +45.3% |
| Deferred charges and accrued income | 490/1 | - | €4,750 | +€4,750 | |
| Total equity and liabilities | 10/49 | €114,874 | €117,666 | +€2,792 | +2.4% |
| Equity | 10/15 | €1,016 | €13,697 | +€12,681 | +1,248% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,984 | €3,697 | +€12,681 | |
| Amounts payable | 17/49 | €113,857 | €103,968 | -€9,889 | -8.7% |
| Amounts payable within one year | 42/48 | €113,857 | €103,968 | -€9,889 | -8.7% |
| Trade debts | 44 | €9,218 | - | -€9,218 | |
| Suppliers | 440/4 | €9,218 | - | -€9,218 | |
| Taxes, remuneration and social security | 45 | €7,225 | €15,371 | +€8,145 | +113% |
| Taxes | 450/3 | €7,225 | €15,371 | +€8,145 | +113% |
| Other amounts payable | 47/48 | €97,414 | €88,598 | -€8,817 | -9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,249 | €9,914 | -€1,336 | -11.9% |
| Other operating charges | 640/8 | €300 | €399 | +€99 | +32.8% |
| Gross operating margin | 9900 | €2,830 | €27,777 | +€24,947 | +882% |
| Operating profit (loss) | 9901 | -€8,720 | €17,465 | +€26,185 | |
| Financial income | 75/76B | €6 | - | -€6 | |
| Recurring financial income | 75 | €6 | - | -€6 | |
| Financial charges | 65/66B | €269 | €3,198 | +€2,929 | +1,087% |
| Recurring financial charges | 65 | €269 | €3,198 | +€2,929 | +1,087% |
| Profit (loss) for the period before taxes | 9903 | -€8,984 | €14,267 | +€23,250 | |
| Income taxes | 67/77 | - | €1,586 | +€1,586 | |
| Profit (loss) for the period | 9904 | -€8,984 | €12,681 | +€21,665 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,984 | €12,681 | +€21,665 |
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 20 October 2026 via checked.be.