ESA-Immo: 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-Immo
Largest movements
- Tangible fixed assets -€150,327
down €150,327 (-7.7%), from €2.0m to €1.8m
of which Other tangible fixed assets: -€89,500
- Debts after one year -€230,102
down €230,102 (-33.9%), from €679,235 to €449,133
- Profit (loss) carried forward +€127,726
up €127,726 (+16.5%), from €776,013 to €903,739
- Accrued charges and deferred income -€32,339
down €32,339 (-60.0%), from €53,898 to €21,559
- Provisions +€60,000
up €60,000, from -€60,000 to €0
- Taxes -€27,493
down €27,493 (-39.2%), from €70,068 to €42,575
- Gross operating margin +€12,088
up €12,088 (+4.3%), from €283,075 to €295,163
- Depreciation +€6,193
up €6,193 (+7.4%), from €84,157 to €90,350
- Financial charges -€5,604
down €5,604 (-20.4%), from €27,510 to €21,907
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 | €1,966,753 | €1,831,283 | -€135,470 | -6.9% |
| Fixed assets | 21/28 | €1,952,129 | €1,801,801 | -€150,327 | -7.7% |
| Tangible fixed assets | 22/27 | €1,952,129 | €1,801,801 | -€150,327 | -7.7% |
| Land and buildings | 22 | €1,851,268 | €1,793,494 | -€57,774 | -3.1% |
| Furniture and vehicles | 24 | €11,361 | €8,308 | -€3,054 | -26.9% |
| Other tangible fixed assets | 26 | €89,500 | €0 | -€89,500 | -100% |
| Current assets | 29/58 | €14,624 | €29,482 | +€14,858 | +102% |
| Amounts receivable within one year | 40/41 | €0 | €13,425 | +€13,425 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €13,425 | +€13,425 | |
| Cash at bank and in hand | 54/58 | €14,624 | €15,519 | +€895 | +6.1% |
| Deferred charges and accrued income | 490/1 | - | €538 | +€538 | |
| Total equity and liabilities | 10/49 | €1,966,753 | €1,831,283 | -€135,470 | -6.9% |
| Equity | 10/15 | €1,052,214 | €1,179,940 | +€127,726 | +12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €257,601 | €257,601 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €255,741 | €255,741 | = | 0.0% |
| Profit (loss) carried forward | 14 | €776,013 | €903,739 | +€127,726 | +16.5% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Amounts payable | 17/49 | €914,539 | €651,344 | -€263,195 | -28.8% |
| Amounts payable after more than one year | 17 | €679,235 | €449,133 | -€230,102 | -33.9% |
| Financial debts | 170/4 | €679,235 | €449,133 | -€230,102 | -33.9% |
| Amounts payable within one year | 42/48 | €181,406 | €180,652 | -€754 | -0.4% |
| Current portion of amounts payable after more than one year | 42 | €154,385 | €159,808 | +€5,423 | +3.5% |
| Trade debts | 44 | €0 | €689 | +€689 | |
| Suppliers | 440/4 | €0 | €689 | +€689 | |
| Taxes, remuneration and social security | 45 | €26,718 | €20,155 | -€6,564 | -24.6% |
| Taxes | 450/3 | €26,718 | €20,155 | -€6,564 | -24.6% |
| Other amounts payable | 47/48 | €303 | €0 | -€303 | -100% |
| Accrued charges and deferred income | 492/3 | €53,898 | €21,559 | -€32,339 | -60.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,157 | €90,350 | +€6,193 | +7.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€60,000 | €0 | +€60,000 | |
| Other operating charges | 640/8 | €12,222 | €12,605 | +€383 | +3.1% |
| Gross operating margin | 9900 | €283,075 | €295,163 | +€12,088 | +4.3% |
| Operating profit (loss) | 9901 | €246,696 | €192,208 | -€54,489 | -22.1% |
| Financial income | 75/76B | €1,028 | €0 | -€1,028 | -100% |
| Recurring financial income | 75 | €1,028 | €0 | -€1,028 | -100% |
| Financial charges | 65/66B | €27,510 | €21,907 | -€5,604 | -20.4% |
| Recurring financial charges | 65 | €27,510 | €21,907 | -€5,604 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €220,213 | €170,301 | -€49,912 | -22.7% |
| Income taxes | 67/77 | €70,068 | €42,575 | -€27,493 | -39.2% |
| Profit (loss) for the period | 9904 | €150,146 | €127,726 | -€22,420 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €150,146 | €127,726 | -€22,420 | -14.9% |
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 14 October 2026 via checked.be.