ESBCS: 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.
ESBCS
Largest movements
- Receivables within one year -€9,115
down €9,115 (-73.8%), from €12,355 to €3,240
of which Other amounts receivable: -€9,277
- Cash +€6,466
up €6,466 (+149.8%), from €4,316 to €10,782
mainly Net result for the year (+€13,738) and Receivables within one year (+€9,115)
- Tangible fixed assets -€2,013
down €2,013 (-37.1%), from €5,424 to €3,411
of which Furniture and vehicles: -€1,585
- Debts after one year -€26,842
down €26,842 (-45.0%), from €59,713 to €32,871
- Profit (loss) carried forward +€13,738
up €13,738 (+55.1%), from €24,924 to €38,662
- Tax, wage and social debts +€9,024
up €9,024 (+101.2%), from €8,919 to €17,943
- Trade debts -€2,391
down €2,391 (-51.0%), from €4,691 to €2,300
- Taxes +€3,714
up €3,714 (+75.2%), from €4,937 to €8,651
- Gross operating margin +€1,802
up €1,802 (+6.4%), from €28,289 to €30,091
- Financial charges -€960
down €960 (-18.0%), from €5,323 to €4,363
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 | €152,933 | €148,510 | -€4,423 | -2.9% |
| Fixed assets | 21/28 | €134,982 | €132,969 | -€2,013 | -1.5% |
| Tangible fixed assets | 22/27 | €5,424 | €3,411 | -€2,013 | -37.1% |
| Plant, machinery and equipment | 23 | €3,487 | €3,059 | -€428 | -12.3% |
| Furniture and vehicles | 24 | €1,937 | €352 | -€1,585 | -81.8% |
| Financial fixed assets | 28 | €129,558 | €129,558 | = | 0.0% |
| Current assets | 29/58 | €17,951 | €15,541 | -€2,410 | -13.4% |
| Amounts receivable within one year | 40/41 | €12,355 | €3,240 | -€9,115 | -73.8% |
| Trade receivables | 40 | €157 | €319 | +€162 | +102.8% |
| Other amounts receivable | 41 | €12,198 | €2,921 | -€9,277 | -76.1% |
| Cash at bank and in hand | 54/58 | €4,316 | €10,782 | +€6,466 | +149.8% |
| Deferred charges and accrued income | 490/1 | €1,280 | €1,518 | +€239 | +18.7% |
| Total equity and liabilities | 10/49 | €152,933 | €148,510 | -€4,423 | -2.9% |
| Equity | 10/15 | €51,076 | €63,981 | +€12,905 | +25.3% |
| Contributions | 10/11 | €14,378 | €14,378 | = | 0.0% |
| Reserves | 13 | €11,773 | €10,940 | -€833 | -7.1% |
| Tax-exempt reserves | 132 | €9,913 | €9,913 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,027 | -€833 | -44.8% |
| Profit (loss) carried forward | 14 | €24,924 | €38,662 | +€13,738 | +55.1% |
| Amounts payable | 17/49 | €101,857 | €84,529 | -€17,328 | -17.0% |
| Amounts payable after more than one year | 17 | €59,713 | €32,871 | -€26,842 | -45.0% |
| Financial debts | 170/4 | €59,713 | €32,871 | -€26,842 | -45.0% |
| Amounts payable within one year | 42/48 | €42,144 | €51,657 | +€9,514 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €25,668 | €26,842 | +€1,174 | +4.6% |
| Financial debts | 43 | €2,866 | €3,739 | +€874 | +30.5% |
| Credit institutions | 430/8 | €2,030 | €2,585 | +€555 | +27.3% |
| Other loans | 439 | €836 | €1,155 | +€319 | +38.2% |
| Trade debts | 44 | €4,691 | €2,300 | -€2,391 | -51.0% |
| Suppliers | 440/4 | €4,691 | €2,300 | -€2,391 | -51.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €8,919 | €17,943 | +€9,024 | +101.2% |
| Taxes | 450/3 | €8,919 | €17,943 | +€9,024 | +101.2% |
| Other amounts payable | 47/48 | - | €833 | +€833 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,146 | €2,013 | -€133 | -6.2% |
| Other operating charges | 640/8 | €1,471 | €1,492 | +€21 | +1.4% |
| Non-recurring operating charges | 66A | €3,660 | €0 | -€3,660 | -100.0% |
| Gross operating margin | 9900 | €28,289 | €30,091 | +€1,802 | +6.4% |
| Operating profit (loss) | 9901 | €21,012 | €26,586 | +€5,574 | +26.5% |
| Financial income | 75/76B | €169 | €166 | -€3 | -1.6% |
| Recurring financial income | 75 | €169 | €166 | -€3 | -1.6% |
| Financial charges | 65/66B | €5,323 | €4,363 | -€960 | -18.0% |
| Recurring financial charges | 65 | €5,323 | €4,363 | -€960 | -18.0% |
| Profit (loss) for the period before taxes | 9903 | €15,858 | €22,389 | +€6,531 | +41.2% |
| Income taxes | 67/77 | €4,937 | €8,651 | +€3,714 | +75.2% |
| Profit (loss) for the period | 9904 | €10,921 | €13,738 | +€2,817 | +25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €10,921 | €13,738 | +€2,817 | +25.8% |
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 9 October 2026 via checked.be.