ESA Security: 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 Security
Largest movements
- Cash +€408,765
up €408,765 (+113%), from €363,034 to €771,800
mainly Net result for the year (+€518,324) and Depreciation (+€156,243)
- Receivables within one year +€112,294
up €112,294 (+15.3%), from €732,323 to €844,617
of which Trade receivables: +€202,092
- Stocks and contracts +€89,003
up €89,003 (+108%), from €82,069 to €171,072
- Intangible fixed assets -€83,296
down €83,296 (-50.0%), from €166,744 to €83,448
- Tangible fixed assets +€51,284
up €51,284 (+32.1%), from €160,012 to €211,296
of which Furniture and vehicles: +€52,127
- Reserves +€294,700
up €294,700 (+9,511%), from €3,099 to €297,799
of which Tax-exempt reserves: +€294,700
- Profit (loss) carried forward +€202,189
up €202,189 (+29.5%), from €686,293 to €888,482
- Advances received +€86,003
up €86,003 (+2,863%), from €3,004 to €89,007
- Accrued charges and deferred income +€85,244
up €85,244 (+41.7%), from €204,382 to €289,625
- Trade debts -€64,263
down €64,263 (-20.8%), from €308,984 to €244,721
- Gross operating margin +€438,103
up €438,103 (+24.4%), from €1.8m to €2.2m
- Staff costs +€164,124
up €164,124 (+14.1%), from €1.2m to €1.3m
- Taxes +€58,424
up €58,424 (+45.1%), from €129,576 to €188,000
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 | €1,512,114 | €2,114,199 | +€602,085 | +39.8% |
| Fixed assets | 21/28 | €326,954 | €294,942 | -€32,012 | -9.8% |
| Intangible fixed assets | 21 | €166,744 | €83,448 | -€83,296 | -50.0% |
| Tangible fixed assets | 22/27 | €160,012 | €211,296 | +€51,284 | +32.1% |
| Furniture and vehicles | 24 | €153,044 | €205,171 | +€52,127 | +34.1% |
| Other tangible fixed assets | 26 | €6,968 | €6,125 | -€843 | -12.1% |
| Financial fixed assets | 28 | €198 | €198 | = | 0.0% |
| Current assets | 29/58 | €1,185,160 | €1,819,257 | +€634,097 | +53.5% |
| Stocks and contracts in progress | 3 | €82,069 | €171,072 | +€89,003 | +108% |
| Stocks | 30/36 | €82,069 | €171,072 | +€89,003 | +108% |
| Amounts receivable within one year | 40/41 | €732,323 | €844,617 | +€112,294 | +15.3% |
| Trade receivables | 40 | €586,820 | €788,912 | +€202,092 | +34.4% |
| Other amounts receivable | 41 | €145,503 | €55,705 | -€89,798 | -61.7% |
| Cash at bank and in hand | 54/58 | €363,034 | €771,800 | +€408,765 | +113% |
| Deferred charges and accrued income | 490/1 | €7,733 | €31,768 | +€24,034 | +311% |
| Total equity and liabilities | 10/49 | €1,512,114 | €2,114,199 | +€602,085 | +39.8% |
| Equity | 10/15 | €720,379 | €1,217,267 | +€496,889 | +69.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Capital | 10 | €30,987 | €30,987 | = | 0.0% |
| Issued capital | 100 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €297,799 | +€294,700 | +9,511% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Legal reserve | 130 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €294,700 | +€294,700 | |
| Profit (loss) carried forward | 14 | €686,293 | €888,482 | +€202,189 | +29.5% |
| Amounts payable | 17/49 | €791,735 | €896,932 | +€105,196 | +13.3% |
| Amounts payable after more than one year | 17 | €64,617 | €39,514 | -€25,102 | -38.8% |
| Financial debts | 170/4 | €64,617 | €39,514 | -€25,102 | -38.8% |
| Amounts payable within one year | 42/48 | €522,737 | €567,792 | +€45,055 | +8.6% |
| Current portion of amounts payable after more than one year | 42 | €57,768 | €48,002 | -€9,766 | -16.9% |
| Trade debts | 44 | €308,984 | €244,721 | -€64,263 | -20.8% |
| Suppliers | 440/4 | €308,984 | €244,721 | -€64,263 | -20.8% |
| Advances received on contracts in progress | 46 | €3,004 | €89,007 | +€86,003 | +2,863% |
| Taxes, remuneration and social security | 45 | €131,386 | €164,626 | +€33,240 | +25.3% |
| Taxes | 450/3 | €5,313 | €22,618 | +€17,305 | +326% |
| Remuneration and social security | 454/9 | €126,073 | €142,008 | +€15,935 | +12.6% |
| Other amounts payable | 47/48 | €21,594 | €21,435 | -€160 | -0.7% |
| Accrued charges and deferred income | 492/3 | €204,382 | €289,625 | +€85,244 | +41.7% |
| Remuneration, social security and pensions | 62 | €1,167,684 | €1,331,809 | +€164,124 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,776 | €156,243 | +€11,467 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,168 | €10,510 | +€1,342 | +14.6% |
| Other operating charges | 640/8 | €13,839 | €18,115 | +€4,276 | +30.9% |
| Gross operating margin | 9900 | €1,793,301 | €2,231,403 | +€438,103 | +24.4% |
| Operating profit (loss) | 9901 | €457,832 | €714,726 | +€256,894 | +56.1% |
| Financial income | 75/76B | €17,681 | €8,871 | -€8,810 | -49.8% |
| Recurring financial income | 75 | €17,681 | €8,871 | -€8,810 | -49.8% |
| Financial charges | 65/66B | €17,768 | €17,274 | -€495 | -2.8% |
| Recurring financial charges | 65 | €17,768 | €17,274 | -€495 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €457,745 | €706,324 | +€248,579 | +54.3% |
| Income taxes | 67/77 | €129,576 | €188,000 | +€58,424 | +45.1% |
| Profit (loss) for the period | 9904 | €328,169 | €518,324 | +€190,155 | +57.9% |
| Transfer to tax-exempt reserves | 689 | - | €294,700 | +€294,700 | |
| Profit (loss) for the period to be appropriated | 9905 | €328,169 | €223,624 | -€104,545 | -31.9% |
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.