ESAMED: 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.
ESAMED
Largest movements
- Receivables within one year +€440,865
up €440,865 (+140.4%), from €313,971 to €754,836
- Cash -€208,416
down €208,416 (-91.2%), from €228,525 to €20,108
mainly Receivables within one year (-€440,865) and Deferred charges and accrued income (-€24,413)
- Receivables after one year -€60,000
down €60,000 (-26.7%), from €225,000 to €165,000
- Deferred charges and accrued income +€24,413
up €24,413 (+253.7%), from €9,624 to €34,036
- Reserves +€224,631
up €224,631 (+32.2%), from €697,048 to €921,679
of which Distributable reserves: +€224,631
- Tax, wage and social debts -€23,722
down €23,722 (-36.4%), from €65,258 to €41,536
of which Taxes: -€22,845
- Gross operating margin +€115,509
up €115,509 (+54.7%), from €211,327 to €326,836
- Taxes +€38,656
up €38,656 (+61.5%), from €62,880 to €101,536
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 | €779,673 | €976,534 | +€196,861 | +25.2% |
| Fixed assets | 21/28 | €2,553 | €2,553 | = | 0.0% |
| Tangible fixed assets | 22/27 | €2,553 | €2,553 | = | 0.0% |
| Plant, machinery and equipment | 23 | €75 | €75 | = | 0.0% |
| Furniture and vehicles | 24 | €2,478 | €2,478 | = | 0.0% |
| Current assets | 29/58 | €777,120 | €973,981 | +€196,861 | +25.3% |
| Amounts receivable after more than one year | 29 | €225,000 | €165,000 | -€60,000 | -26.7% |
| Trade receivables | 290 | €225,000 | €165,000 | -€60,000 | -26.7% |
| Amounts receivable within one year | 40/41 | €313,971 | €754,836 | +€440,865 | +140.4% |
| Other amounts receivable | 41 | €313,971 | €754,836 | +€440,865 | +140.4% |
| Cash at bank and in hand | 54/58 | €228,525 | €20,108 | -€208,416 | -91.2% |
| Deferred charges and accrued income | 490/1 | €9,624 | €34,036 | +€24,413 | +253.7% |
| Total equity and liabilities | 10/49 | €779,673 | €976,534 | +€196,861 | +25.2% |
| Equity | 10/15 | €709,448 | €934,079 | +€224,631 | +31.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €697,048 | €921,679 | +€224,631 | +32.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,238 | €11,238 | = | 0.0% |
| Distributable reserves | 133 | €683,950 | €908,581 | +€224,631 | +32.8% |
| Amounts payable | 17/49 | €70,225 | €42,455 | -€27,770 | -39.5% |
| Amounts payable within one year | 42/48 | €70,225 | €42,055 | -€28,169 | -40.1% |
| Trade debts | 44 | €4,967 | €519 | -€4,447 | -89.5% |
| Suppliers | 440/4 | €4,967 | €519 | -€4,447 | -89.5% |
| Taxes, remuneration and social security | 45 | €65,258 | €41,536 | -€23,722 | -36.4% |
| Taxes | 450/3 | €64,381 | €41,536 | -€22,845 | -35.5% |
| Remuneration and social security | 454/9 | €878 | - | -€878 | |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,907 | - | -€2,907 | |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €211,327 | €326,836 | +€115,509 | +54.7% |
| Operating profit (loss) | 9901 | €207,906 | €326,436 | +€118,530 | +57.0% |
| Financial charges | 65/66B | €217 | €270 | +€52 | +24.1% |
| Recurring financial charges | 65 | €217 | €270 | +€52 | +24.1% |
| Profit (loss) for the period before taxes | 9903 | €207,689 | €326,167 | +€118,478 | +57.0% |
| Income taxes | 67/77 | €62,880 | €101,536 | +€38,656 | +61.5% |
| Profit (loss) for the period | 9904 | €144,809 | €224,631 | +€79,822 | +55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €144,809 | €224,631 | +€79,822 | +55.1% |
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 29 September 2026 via checked.be.