eSafe: 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.
eSafe
Largest movements
- Cash -€82,431
down €82,431 (-32.9%), from €250,385 to €167,955
mainly Net result for the year (-€335,697) and Investment in fixed assets (net) (-€180,652)
- Stocks and contracts +€71,476
up €71,476 (+6.4%), from €1.1m to €1.2m
- Intangible fixed assets -€61,536
down €61,536 (-19.6%), from €314,655 to €253,119
- Receivables within one year +€57,588
up €57,588 (+12.4%), from €463,236 to €520,824
of which Trade receivables: +€73,140
- Reserves -€335,697
down €335,697 (-37.3%), from €900,155 to €564,458
- Trade debts +€273,044
up €273,044 (+68.2%), from €400,292 to €673,337
- Tax, wage and social debts +€57,921
up €57,921 (+66.3%), from €87,309 to €145,230
of which Remuneration and social security: +€43,918
- Staff costs +€93,238
up €93,238 (+11.1%), from €838,162 to €931,400
- Gross operating margin +€66,118
up €66,118 (+8.5%), from €778,363 to €844,481
- Financial income +€12,409
up €12,409 (+2344.6%), from €529 to €12,939
- Write-downs -€8,625
down €8,625 (-100.0%), from €8,625 to €0
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.
Cash bridge derived
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 | €2,328,238 | €2,344,852 | +€16,614 | +0.7% |
| Fixed assets | 21/28 | €457,643 | €414,240 | -€43,403 | -9.5% |
| Intangible fixed assets | 21 | €314,655 | €253,119 | -€61,536 | -19.6% |
| Tangible fixed assets | 22/27 | €142,988 | €161,121 | +€18,133 | +12.7% |
| Plant, machinery and equipment | 23 | €116,058 | €101,230 | -€14,827 | -12.8% |
| Furniture and vehicles | 24 | €26,930 | €52,222 | +€25,292 | +93.9% |
| Other tangible fixed assets | 26 | - | €7,669 | +€7,669 | |
| Current assets | 29/58 | €1,870,595 | €1,930,612 | +€60,017 | +3.2% |
| Stocks and contracts in progress | 3 | €1,121,578 | €1,193,054 | +€71,476 | +6.4% |
| Stocks | 30/36 | €1,121,578 | €1,193,054 | +€71,476 | +6.4% |
| Amounts receivable within one year | 40/41 | €463,236 | €520,824 | +€57,588 | +12.4% |
| Trade receivables | 40 | €348,920 | €422,060 | +€73,140 | +21.0% |
| Other amounts receivable | 41 | €114,316 | €98,764 | -€15,551 | -13.6% |
| Cash at bank and in hand | 54/58 | €250,385 | €167,955 | -€82,431 | -32.9% |
| Deferred charges and accrued income | 490/1 | €35,396 | €48,779 | +€13,383 | +37.8% |
| Total equity and liabilities | 10/49 | €2,328,238 | €2,344,852 | +€16,614 | +0.7% |
| Equity | 10/15 | €918,705 | €583,008 | -€335,697 | -36.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €900,155 | €564,458 | -€335,697 | -37.3% |
| Distributable reserves | 133 | €900,155 | €564,458 | -€335,697 | -37.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,409,533 | €1,761,844 | +€352,311 | +25.0% |
| Amounts payable after more than one year | 17 | €900,000 | €900,000 | = | 0.0% |
| Financial debts | 170/4 | €900,000 | €900,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €509,533 | €841,673 | +€332,140 | +65.2% |
| Trade debts | 44 | €400,292 | €673,337 | +€273,044 | +68.2% |
| Suppliers | 440/4 | €400,292 | €673,337 | +€273,044 | +68.2% |
| Advances received on contracts in progress | 46 | €21,932 | €23,106 | +€1,175 | +5.4% |
| Taxes, remuneration and social security | 45 | €87,309 | €145,230 | +€57,921 | +66.3% |
| Taxes | 450/3 | €18,348 | €32,351 | +€14,003 | +76.3% |
| Remuneration and social security | 454/9 | €68,961 | €112,880 | +€43,918 | +63.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €20,171 | +€20,171 | |
| Non-recurring operating income | 76A | €4,624 | €0 | -€4,624 | -100.0% |
| Remuneration, social security and pensions | 62 | €838,162 | €931,400 | +€93,238 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €217,551 | €224,055 | +€6,504 | +3.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,625 | €0 | -€8,625 | -100.0% |
| Other operating charges | 640/8 | €3,961 | €3,552 | -€409 | -10.3% |
| Non-recurring operating charges | 66A | €7,323 | €454 | -€6,869 | -93.8% |
| Gross operating margin | 9900 | €778,363 | €844,481 | +€66,118 | +8.5% |
| Operating profit (loss) | 9901 | -€297,259 | -€314,980 | -€17,721 | -6.0% |
| Financial income | 75/76B | €529 | €12,939 | +€12,409 | +2344.6% |
| Recurring financial income | 75 | €529 | €12,939 | +€12,409 | +2344.6% |
| Financial charges | 65/66B | €28,878 | €31,920 | +€3,042 | +10.5% |
| Recurring financial charges | 65 | €28,878 | €31,920 | +€3,042 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | -€325,607 | -€333,961 | -€8,354 | -2.6% |
| Income taxes | 67/77 | €226 | €1,736 | +€1,509 | +666.4% |
| Profit (loss) for the period | 9904 | -€325,834 | -€335,697 | -€9,863 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€325,834 | -€335,697 | -€9,863 | -3.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.