ESAKWA: 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.
ESAKWA
Largest movements
- Receivables within one year +€37,708
up €37,708 (+25.5%), from €147,775 to €185,482
- Tangible fixed assets -€13,135
down €13,135 (-17.7%), from €74,315 to €61,180
of which Land and buildings: -€12,763
- Reserves +€37,000
up €37,000 (+28.6%), from €129,200 to €166,200
- Debts after one year -€12,132
down €12,132 (-18.5%), from €65,707 to €53,576
- Trade debts -€4,282
down €4,282 (-31.8%), from €13,467 to €9,186
- Taxes +€4,413
up €4,413 (+43.0%), from €10,270 to €14,683
- Financial charges -€3,443
down €3,443 (-36.3%), from €9,481 to €6,038
of which Financial charges: -€3,816
- Financial income +€2,703
up €2,703 (+19.5%), from €13,870 to €16,573
- Gross operating margin -€1,470
down €1,470 (-2.6%), from €56,969 to €55,499
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 | €245,039 | €269,616 | +€24,577 | +10.0% |
| Fixed assets | 21/28 | €74,385 | €61,510 | -€12,875 | -17.3% |
| Tangible fixed assets | 22/27 | €74,315 | €61,180 | -€13,135 | -17.7% |
| Land and buildings | 22 | €73,943 | €61,180 | -€12,763 | -17.3% |
| Furniture and vehicles | 24 | €373 | - | -€373 | |
| Financial fixed assets | 28 | €70 | €330 | +€260 | +371.4% |
| Current assets | 29/58 | €170,654 | €208,106 | +€37,453 | +21.9% |
| Amounts receivable within one year | 40/41 | €147,775 | €185,482 | +€37,708 | +25.5% |
| Other amounts receivable | 41 | €147,775 | €185,482 | +€37,708 | +25.5% |
| Cash at bank and in hand | 54/58 | €9,589 | €7,882 | -€1,707 | -17.8% |
| Deferred charges and accrued income | 490/1 | €13,290 | €14,742 | +€1,452 | +10.9% |
| Total equity and liabilities | 10/49 | €245,039 | €269,616 | +€24,577 | +10.0% |
| Equity | 10/15 | €145,038 | €182,509 | +€37,471 | +25.8% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €129,200 | €166,200 | +€37,000 | +28.6% |
| Distributable reserves | 133 | €129,200 | €166,200 | +€37,000 | +28.6% |
| Profit (loss) carried forward | 14 | €1,578 | €2,049 | +€471 | +29.9% |
| Amounts payable | 17/49 | €100,001 | €87,107 | -€12,894 | -12.9% |
| Amounts payable after more than one year | 17 | €65,707 | €53,576 | -€12,132 | -18.5% |
| Financial debts | 170/4 | €65,707 | €53,576 | -€12,132 | -18.5% |
| Amounts payable within one year | 42/48 | €34,294 | €33,531 | -€762 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €17,165 | €19,662 | +€2,498 | +14.6% |
| Trade debts | 44 | €13,467 | €9,186 | -€4,282 | -31.8% |
| Suppliers | 440/4 | €13,467 | €9,186 | -€4,282 | -31.8% |
| Taxes, remuneration and social security | 45 | €3,270 | €4,683 | +€1,413 | +43.2% |
| Taxes | 450/3 | €3,270 | €4,683 | +€1,413 | +43.2% |
| Other amounts payable | 47/48 | €392 | - | -€392 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,416 | €12,962 | -€455 | -3.4% |
| Other operating charges | 640/8 | €1,312 | €918 | -€394 | -30.0% |
| Gross operating margin | 9900 | €56,969 | €55,499 | -€1,470 | -2.6% |
| Operating profit (loss) | 9901 | €42,241 | €41,619 | -€622 | -1.5% |
| Financial income | 75/76B | €13,870 | €16,573 | +€2,703 | +19.5% |
| Recurring financial income | 75 | €13,870 | €16,573 | +€2,703 | +19.5% |
| Financial charges | 65/66B | €9,481 | €6,038 | -€3,443 | -36.3% |
| Recurring financial charges | 65 | €9,481 | €5,665 | -€3,816 | -40.2% |
| Non-recurring financial charges | 66B | - | €373 | +€373 | |
| Profit (loss) for the period before taxes | 9903 | €46,631 | €52,155 | +€5,524 | +11.8% |
| Income taxes | 67/77 | €10,270 | €14,683 | +€4,413 | +43.0% |
| Profit (loss) for the period | 9904 | €36,361 | €37,471 | +€1,111 | +3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,361 | €37,471 | +€1,111 | +3.1% |
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 9 October 2026 via checked.be.