ESAS TELECOM: 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.
What changed
ESAS TELECOM
financial year 2022 compared with 2021filed annual accounts (NBB)
Net result for the year
-€177,386
2021 · -€448,737+€271,351
Equity
€7.3m
2021 · €7.5m-€182,532
Cash
€67,865
2021 · €299,214-€231,349
Balance sheet total
€7.6m
2021 · €7.8m-€180,521
Largest movements
Assets
- Cash -€231,349
down €231,349 (-77.3%), from €299,214 to €67,865
mainly Net result for the year (-€177,386) and Receivables within one year (-€64,309)
Equity and liabilities
- Profit (loss) carried forward -€177,386
down €177,386 (-14.8%), from €1.2m to €1.0m
Income statement
- Turnover -€1.2m
down €1.2m (-46.0%), from €2.5m to €1.4m
- Goods and materials -€696,195
down €696,195 (-83.3%), from €835,693 to €139,499
- Services and other goods -€302,350
down €302,350 (-37.1%), from €814,938 to €512,588
- Staff costs -€207,500
down €207,500 (-16.7%), from €1.2m to €1.0m
- Depreciation -€99,990
down €99,990 (-86.3%), from €115,924 to €15,934
From the 2021 result to the 2022 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.
Result 2021
-€448,737
Turnover
-€1.2m
Other operating income
-€66,033
Goods and materials
+€696,195
Services and other goods
+€302,350
Staff costs
+€207,500
Depreciation
+€99,990
Write-downs
-€4,065
Other operating charges
+€21,021
Other operating items
+€163,970
Financial income
-€6,083
Financial charges
+€7,000
Taxes
+€4,978
Deferred taxes and other
+€2,650
Result 2022
-€177,386
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€227,542
Investment
+€1,339
Financing
-€5,146
Cash 2021
€299,214
From operations (derived)
-€227,542
Net result for the year
-€177,386
Depreciation
+€15,934
Receivables within one year
-€64,309
Deferred charges and accrued income
-€3,791
Provisions
-€2,650
Trade debts
+€3,409
Tax, wage and social debts
+€1,252
Investment (derived)
+€1,339
Investment in fixed assets (net)
+€1,339
Financing
-€5,146
Contributions, distributions and other
-€5,146
Cash 2022
€67,865
brings cash intakes cash out
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,789,547 | €7,609,026 | -€180,521 | -2.3% |
| Fixed assets | 21/28 | €37,573 | €20,300 | -€17,273 | -46.0% |
| Tangible fixed assets | 22/27 | €17,422 | €149 | -€17,273 | -99.1% |
| Furniture and vehicles | 24 | €6,640 | €0 | -€6,639 | -100.0% |
| Other tangible fixed assets | 26 | €10,782 | €149 | -€10,633 | -98.6% |
| Financial fixed assets | 28 | €20,151 | €20,151 | = | 0.0% |
| Other financial fixed assets | 284/8 | €20,151 | €20,151 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,151 | €20,151 | = | 0.0% |
| Current assets | 29/58 | €7,751,974 | €7,588,726 | -€163,248 | -2.1% |
| Amounts receivable within one year | 40/41 | €7,435,137 | €7,499,447 | +€64,309 | +0.9% |
| Trade receivables | 40 | €558,146 | €368,348 | -€189,798 | -34.0% |
| Other amounts receivable | 41 | €6,876,992 | €7,131,099 | +€254,107 | +3.7% |
| Cash at bank and in hand | 54/58 | €299,214 | €67,865 | -€231,349 | -77.3% |
| Deferred charges and accrued income | 490/1 | €17,623 | €21,414 | +€3,791 | +21.5% |
| Total equity and liabilities | 10/49 | €7,789,547 | €7,609,026 | -€180,521 | -2.3% |
| Equity | 10/15 | €7,461,071 | €7,278,539 | -€182,532 | -2.4% |
| Contributions | 10/11 | €3,561,500 | €3,561,500 | = | 0.0% |
| Capital | 10 | €3,561,500 | €3,561,500 | = | 0.0% |
| Issued capital | 100 | €3,561,500 | €3,561,500 | = | 0.0% |
| Reserves | 13 | €2,695,532 | €2,695,532 | = | 0.0% |
| Non-distributable reserves | 130/1 | €356,150 | €356,150 | = | 0.0% |
| Legal reserve | 130 | €356,150 | €356,150 | = | 0.0% |
| Distributable reserves | 133 | €2,339,382 | €2,339,382 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,198,893 | €1,021,507 | -€177,386 | -14.8% |
| Investment grants | 15 | €5,146 | - | -€5,146 | |
| Provisions and deferred taxes | 16 | €2,650 | - | -€2,650 | |
| Deferred taxes | 168 | €2,650 | - | -€2,650 | |
| Amounts payable | 17/49 | €325,826 | €330,487 | +€4,661 | +1.4% |
| Amounts payable within one year | 42/48 | €325,826 | €330,487 | +€4,661 | +1.4% |
| Trade debts | 44 | €211,750 | €215,159 | +€3,409 | +1.6% |
| Suppliers | 440/4 | €211,750 | €215,159 | +€3,409 | +1.6% |
| Taxes, remuneration and social security | 45 | €114,076 | €115,328 | +€1,252 | +1.1% |
| Taxes | 450/3 | €7,060 | €2,974 | -€4,086 | -57.9% |
| Remuneration and social security | 454/9 | €107,016 | €112,353 | +€5,338 | +5.0% |
| Operating income | 70/76A | €2,635,194 | €1,407,910 | -€1.2m | -46.6% |
| Turnover | 70 | €2,518,333 | €1,360,211 | -€1.2m | -46.0% |
| Other operating income | 74 | €113,733 | €47,700 | -€66,033 | -58.1% |
| Non-recurring operating income | 76A | €3,128 | - | -€3,128 | |
| Operating charges | 60/66A | €3,209,675 | €1,719,586 | -€1.5m | -46.4% |
| Goods for resale, raw materials and consumables | 60 | €835,693 | €139,499 | -€696,195 | -83.3% |
| Purchases | 600/8 | €835,693 | €139,499 | -€696,195 | -83.3% |
| Services and other goods | 61 | €814,938 | €512,588 | -€302,350 | -37.1% |
| Remuneration, social security and pensions | 62 | €1,242,180 | €1,034,680 | -€207,500 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115,924 | €15,934 | -€99,990 | -86.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,648 | €417 | +€4,065 | |
| Other operating charges | 640/8 | €36,150 | €15,129 | -€21,021 | -58.1% |
| Non-recurring operating charges | 66A | €168,437 | €1,339 | -€167,098 | -99.2% |
| Operating profit (loss) | 9901 | -€574,481 | -€311,676 | +€262,805 | +45.7% |
| Financial income | 75/76B | €151,916 | €145,833 | -€6,083 | -4.0% |
| Recurring financial income | 75 | €151,916 | €145,833 | -€6,083 | -4.0% |
| Income from current assets | 751 | €151,916 | €134,799 | -€17,116 | -11.3% |
| Other financial income | 752/9 | €0 | €11,033 | +€11,033 | +15,762,000% |
| Financial charges | 65/66B | €20,907 | €13,907 | -€7,000 | -33.5% |
| Recurring financial charges | 65 | €20,907 | €13,907 | -€7,000 | -33.5% |
| Debt charges | 650 | €16,827 | €13,328 | -€3,499 | -20.8% |
| Other financial charges | 652/9 | €4,080 | €579 | -€3,501 | -85.8% |
| Profit (loss) for the period before taxes | 9903 | -€443,472 | -€179,750 | +€263,723 | +59.5% |
| Transfer from deferred taxes | 780 | - | €2,650 | +€2,650 | |
| Income taxes | 67/77 | €5,265 | €287 | -€4,978 | -94.6% |
| Taxes | 670/3 | €5,265 | €287 | -€4,978 | -94.6% |
| Profit (loss) for the period | 9904 | -€448,737 | -€177,386 | +€271,351 | +60.5% |
| Transfer from tax-exempt reserves | 789 | €18,750 | - | -€18,750 | |
| Profit (loss) for the period to be appropriated | 9905 | -€429,987 | -€177,386 | +€252,601 | +58.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.