ESB LOCATION: 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.
ESB LOCATION
Largest movements
- Receivables within one year -€16,956
down €16,956 (-75.4%), from €22,500 to €5,544
of which Trade receivables: -€22,500
- Tangible fixed assets +€12,499
new in 2025: €12,499
- Cash +€3,896
up €3,896 (+92.8%), from €4,197 to €8,092
mainly Receivables within one year (+€16,956) and Other debts (+€3,689)
- Tax, wage and social debts -€6,621
no longer reported in 2025 (was €6,621)
of which Remuneration and social security: -€6,000
- Other debts +€3,689
up €3,689 (+21.1%), from €17,515 to €21,204
- Profit (loss) carried forward +€2,370
up €2,370, from -€439 to €1,931
- Gross operating margin +€2,606
up €2,606 (+243.4%), from €1,071 to €3,677
- Depreciation +€1,136
new in 2025: €1,136
- Other operating charges +€75
new in 2025: €75
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 | €26,697 | €26,136 | -€561 | -2.1% |
| Fixed assets | 21/28 | - | €12,499 | +€12,499 | |
| Tangible fixed assets | 22/27 | - | €12,499 | +€12,499 | |
| Furniture and vehicles | 24 | - | €12,499 | +€12,499 | |
| Current assets | 29/58 | €26,697 | €13,637 | -€13,060 | -48.9% |
| Amounts receivable within one year | 40/41 | €22,500 | €5,544 | -€16,956 | -75.4% |
| Trade receivables | 40 | €22,500 | - | -€22,500 | |
| Other amounts receivable | 41 | - | €5,544 | +€5,544 | |
| Cash at bank and in hand | 54/58 | €4,197 | €8,092 | +€3,896 | +92.8% |
| Total equity and liabilities | 10/49 | €26,697 | €26,136 | -€561 | -2.1% |
| Equity | 10/15 | €2,561 | €4,931 | +€2,370 | +92.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€439 | €1,931 | +€2,370 | |
| Amounts payable | 17/49 | €24,136 | €21,204 | -€2,931 | -12.1% |
| Amounts payable within one year | 42/48 | €24,136 | €21,204 | -€2,931 | -12.1% |
| Taxes, remuneration and social security | 45 | €6,621 | - | -€6,621 | |
| Taxes | 450/3 | €621 | - | -€621 | |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | €17,515 | €21,204 | +€3,689 | +21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €1,136 | +€1,136 | |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | €1,071 | €3,677 | +€2,606 | +243.4% |
| Operating profit (loss) | 9901 | €1,071 | €2,466 | +€1,395 | +130.3% |
| Financial charges | 65/66B | €82 | €96 | +€13 | +16.1% |
| Recurring financial charges | 65 | €82 | €96 | +€13 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €989 | €2,370 | +€1,382 | +139.8% |
| Profit (loss) for the period | 9904 | €989 | €2,370 | +€1,382 | +139.8% |
| Profit (loss) for the period to be appropriated | 9905 | €989 | €2,370 | +€1,382 | +139.8% |
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 2 October 2026 via checked.be.