ESAPI: 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.
ESAPI
Largest movements
- Cash -€4,013
down €4,013 (-3.9%), from €103,001 to €98,988
mainly Contributions, distributions and other (-€33,000) and Current portion of long-term debt (-€2,709)
- Reserves -€10,000
down €10,000 (-28.6%), from €35,000 to €25,000
- Other debts +€7,050
up €7,050 (+13.3%), from €53,150 to €60,200
- Current portion of long-term debt -€2,709
down €2,709 (-100.0%), from €2,709 to €0
- Purchases and services -€104,225
no longer reported in 2025 (was €104,225)
- Gross operating margin -€10,592
down €10,592 (-25.4%), from €41,727 to €31,136
- Taxes -€1,803
down €1,803 (-21.4%), from €8,436 to €6,632
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 | €108,519 | €102,835 | -€5,684 | -5.2% |
| Fixed assets | 21/28 | €1,389 | €575 | -€814 | -58.6% |
| Intangible fixed assets | 21 | €1,389 | €575 | -€814 | -58.6% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €107,130 | €102,260 | -€4,870 | -4.5% |
| Amounts receivable within one year | 40/41 | €3,168 | €2,264 | -€904 | -28.5% |
| Trade receivables | 40 | €373 | €2,257 | +€1,883 | +504.3% |
| Other amounts receivable | 41 | €2,794 | €7 | -€2,787 | -99.7% |
| Cash at bank and in hand | 54/58 | €103,001 | €98,988 | -€4,013 | -3.9% |
| Deferred charges and accrued income | 490/1 | €962 | €1,007 | +€46 | +4.8% |
| Total equity and liabilities | 10/49 | €108,519 | €102,835 | -€5,684 | -5.2% |
| Equity | 10/15 | €39,494 | €29,760 | -€9,735 | -24.6% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | - | -€4,000 | |
| Share premium | 1100/10 | €4,000 | - | -€4,000 | |
| Reserves | 13 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Distributable reserves | 133 | €35,000 | €25,000 | -€10,000 | -28.6% |
| Profit (loss) carried forward | 14 | €494 | €760 | +€265 | +53.6% |
| Amounts payable | 17/49 | €69,025 | €73,075 | +€4,051 | +5.9% |
| Amounts payable within one year | 42/48 | €69,025 | €73,075 | +€4,051 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €2,709 | €0 | -€2,709 | -100.0% |
| Trade debts | 44 | €101 | €400 | +€299 | +295.3% |
| Suppliers | 440/4 | €101 | €400 | +€299 | +295.3% |
| Taxes, remuneration and social security | 45 | €13,065 | €12,476 | -€590 | -4.5% |
| Taxes | 450/3 | €13,065 | €12,476 | -€590 | -4.5% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €53,150 | €60,200 | +€7,050 | +13.3% |
| Goods, raw materials, services and sundry goods | 60/61 | €104,225 | - | -€104,225 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,089 | €814 | -€275 | -25.3% |
| Other operating charges | 640/8 | €381 | €400 | +€19 | +5.0% |
| Gross operating margin | 9900 | €41,727 | €31,136 | -€10,592 | -25.4% |
| Operating profit (loss) | 9901 | €40,258 | €29,922 | -€10,336 | -25.7% |
| Financial income | 75/76B | €1 | €2 | +€1 | +142.0% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +142.0% |
| Financial charges | 65/66B | €331 | €27 | -€304 | -91.9% |
| Recurring financial charges | 65 | €331 | €27 | -€304 | -91.9% |
| Profit (loss) for the period before taxes | 9903 | €39,928 | €29,898 | -€10,030 | -25.1% |
| Income taxes | 67/77 | €8,436 | €6,632 | -€1,803 | -21.4% |
| Profit (loss) for the period | 9904 | €31,492 | €23,265 | -€8,227 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €31,492 | €23,265 | -€8,227 | -26.1% |
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 1 October 2026 via checked.be.