ESAP & CO: 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.
ESAP & CO
Largest movements
- Tangible fixed assets -€2,631
down €2,631 (-44.8%), from €5,873 to €3,242
- Cash +€1,969
up €1,969 (+429.2%), from €459 to €2,428
mainly Depreciation (+€2,631) and Receivables within one year (+€1,699)
- Receivables within one year -€1,699
down €1,699 (-63.7%), from €2,665 to €966
of which Trade receivables: -€1,488
- Profit (loss) carried forward -€2,637
down €2,637 (-19.6%), from -€13,453 to -€16,090
- Other debts +€1,346
up €1,346 (+4.3%), from €31,341 to €32,688
- Trade debts -€1,070
down €1,070 (-43.9%), from €2,438 to €1,368
- Gross operating margin +€11,174
up €11,174, from -€11,047 to €127
- Depreciation +€612
up €612 (+30.3%), from €2,019 to €2,631
- Other operating charges -€353
down €353 (-91.0%), from €387 to €35
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 | €24,326 | €21,966 | -€2,360 | -9.7% |
| Fixed assets | 21/28 | €5,873 | €3,242 | -€2,631 | -44.8% |
| Tangible fixed assets | 22/27 | €5,873 | €3,242 | -€2,631 | -44.8% |
| Other tangible fixed assets | 26 | €5,873 | €3,242 | -€2,631 | -44.8% |
| Current assets | 29/58 | €18,453 | €18,723 | +€270 | +1.5% |
| Stocks and contracts in progress | 3 | €15,329 | €15,329 | = | 0.0% |
| Stocks | 30/36 | €15,329 | €15,329 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,665 | €966 | -€1,699 | -63.7% |
| Trade receivables | 40 | €1,503 | €15 | -€1,488 | -99.0% |
| Other amounts receivable | 41 | €1,162 | €951 | -€211 | -18.1% |
| Cash at bank and in hand | 54/58 | €459 | €2,428 | +€1,969 | +429.2% |
| Total equity and liabilities | 10/49 | €24,326 | €21,966 | -€2,360 | -9.7% |
| Equity | 10/15 | -€9,453 | -€12,090 | -€2,637 | -27.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,453 | -€16,090 | -€2,637 | -19.6% |
| Amounts payable | 17/49 | €33,779 | €34,056 | +€276 | +0.8% |
| Amounts payable within one year | 42/48 | €33,779 | €34,056 | +€276 | +0.8% |
| Trade debts | 44 | €2,438 | €1,368 | -€1,070 | -43.9% |
| Suppliers | 440/4 | €2,438 | €1,368 | -€1,070 | -43.9% |
| Other amounts payable | 47/48 | €31,341 | €32,688 | +€1,346 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,019 | €2,631 | +€612 | +30.3% |
| Other operating charges | 640/8 | €387 | €35 | -€353 | -91.0% |
| Gross operating margin | 9900 | -€11,047 | €127 | +€11,174 | |
| Operating profit (loss) | 9901 | -€13,453 | -€2,538 | +€10,915 | +81.1% |
| Financial charges | 65/66B | - | €98 | +€98 | |
| Recurring financial charges | 65 | - | €98 | +€98 | |
| Profit (loss) for the period before taxes | 9903 | -€13,453 | -€2,637 | +€10,817 | +80.4% |
| Profit (loss) for the period | 9904 | -€13,453 | -€2,637 | +€10,817 | +80.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,453 | -€2,637 | +€10,817 | +80.4% |
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 12 October 2026 via checked.be.