ESACT: 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.
ESACT
Largest movements
- Tangible fixed assets -€10,318
down €10,318 (-6.5%), from €158,273 to €147,955
of which Land and buildings: -€9,952
- Cash -€3,542
down €3,542 (-29.7%), from €11,944 to €8,402
mainly Net result for the year (-€13,507) and Current investments (-€723)
- Reserves -€13,507
down €13,507 (-5.6%), from €241,939 to €228,433
- Gross operating margin -€1,629
down €1,629 (-149%), from -€1,090 to -€2,719
- Financial income +€278
up €278 (+26.9%), from €1,031 to €1,309
- Depreciation +€51
up €51 (+0.5%), from €10,267 to €10,318
- Other operating charges +€45
up €45 (+2.9%), from €1,581 to €1,626
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 | €265,695 | €252,189 | -€13,507 | -5.1% |
| Fixed assets | 21/28 | €158,273 | €147,955 | -€10,318 | -6.5% |
| Tangible fixed assets | 22/27 | €158,273 | €147,955 | -€10,318 | -6.5% |
| Land and buildings | 22 | €155,506 | €145,554 | -€9,952 | -6.4% |
| Furniture and vehicles | 24 | €2,766 | €2,400 | -€366 | -13.2% |
| Current assets | 29/58 | €107,423 | €104,234 | -€3,189 | -3.0% |
| Amounts receivable within one year | 40/41 | €867 | €497 | -€370 | -42.7% |
| Trade receivables | 40 | €46 | €29 | -€17 | -37.3% |
| Other amounts receivable | 41 | €821 | €468 | -€353 | -43.0% |
| Current investments | 50/53 | €94,612 | €95,336 | +€723 | +0.8% |
| Cash at bank and in hand | 54/58 | €11,944 | €8,402 | -€3,542 | -29.7% |
| Total equity and liabilities | 10/49 | €265,695 | €252,189 | -€13,507 | -5.1% |
| Equity | 10/15 | €248,147 | €234,641 | -€13,507 | -5.4% |
| Contributions | 10/11 | €6,208 | €6,208 | = | 0.0% |
| Reserves | 13 | €241,939 | €228,433 | -€13,507 | -5.6% |
| Distributable reserves | 133 | €241,939 | €228,433 | -€13,507 | -5.6% |
| Amounts payable | 17/49 | €17,548 | €17,548 | = | 0.0% |
| Amounts payable after more than one year | 17 | €1,800 | €1,800 | = | 0.0% |
| Other amounts payable | 178/9 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €13,248 | €13,248 | = | 0.0% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €13,248 | €13,248 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,267 | €10,318 | +€51 | +0.5% |
| Other operating charges | 640/8 | €1,581 | €1,626 | +€45 | +2.9% |
| Gross operating margin | 9900 | -€1,090 | -€2,719 | -€1,629 | -149% |
| Operating profit (loss) | 9901 | -€12,938 | -€14,663 | -€1,725 | -13.3% |
| Financial income | 75/76B | €1,031 | €1,309 | +€278 | +26.9% |
| Recurring financial income | 75 | €1,031 | €1,309 | +€278 | +26.9% |
| Financial charges | 65/66B | €152 | €153 | +€2 | +1.0% |
| Recurring financial charges | 65 | €152 | €153 | +€2 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,058 | -€13,507 | -€1,449 | -12.0% |
| Profit (loss) for the period | 9904 | -€12,058 | -€13,507 | -€1,449 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,058 | -€13,507 | -€1,449 | -12.0% |
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 23 October 2026 via checked.be.