ESBEE: 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.
ESBEE
Largest movements
- Tangible fixed assets -€47,607
down €47,607 (-33.6%), from €141,663 to €94,056
of which Furniture and vehicles: -€36,503
- Cash +€32,765
up €32,765 (+40.8%), from €80,343 to €113,108
mainly Investment in fixed assets (net) (+€33,809) and Depreciation (+€13,798)
- Stocks and contracts -€4,509
down €4,509 (-5.1%), from €88,374 to €83,865
of which Contracts in progress: -€16,500
- Other debts -€14,909
down €14,909 (-40.5%), from €36,840 to €21,930
- Debts after one year -€14,100
down €14,100 (-33.6%), from €41,977 to €27,877
- Reserves +€12,380
up €12,380 (+6.1%), from €201,627 to €214,007
of which Distributable reserves: +€12,380
- Gross operating margin -€30,341
down €30,341 (-34.5%), from €87,963 to €57,622
- Taxes -€10,649
down €10,649 (-66.5%), from €16,013 to €5,364
- Depreciation -€5,242
down €5,242 (-27.5%), from €19,040 to €13,798
- Other operating charges -€1,591
down €1,591 (-71.2%), from €2,235 to €644
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €432,762 | €415,068 | -€17,693 | -4.1% |
| Fixed assets | 21/28 | €141,663 | €94,056 | -€47,607 | -33.6% |
| Tangible fixed assets | 22/27 | €141,663 | €94,056 | -€47,607 | -33.6% |
| Land and buildings | 22 | €19,665 | €14,535 | -€5,130 | -26.1% |
| Plant, machinery and equipment | 23 | €24,011 | €18,037 | -€5,974 | -24.9% |
| Furniture and vehicles | 24 | €68,808 | €32,305 | -€36,503 | -53.1% |
| Other tangible fixed assets | 26 | €29,179 | €29,179 | = | 0.0% |
| Current assets | 29/58 | €291,098 | €321,012 | +€29,914 | +10.3% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Trade receivables | 290 | €10,000 | €10,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €88,374 | €83,865 | -€4,509 | -5.1% |
| Stocks | 30/36 | €71,874 | €83,865 | +€11,991 | +16.7% |
| Contracts in progress | 37 | €16,500 | - | -€16,500 | |
| Amounts receivable within one year | 40/41 | €19,579 | €19,906 | +€327 | +1.7% |
| Trade receivables | 40 | €19,579 | €12,429 | -€7,150 | -36.5% |
| Other amounts receivable | 41 | - | €7,477 | +€7,477 | |
| Current investments | 50/53 | €91,260 | €91,260 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €80,343 | €113,108 | +€32,765 | +40.8% |
| Deferred charges and accrued income | 490/1 | €1,543 | €2,873 | +€1,330 | +86.2% |
| Total equity and liabilities | 10/49 | €432,762 | €415,068 | -€17,693 | -4.1% |
| Equity | 10/15 | €316,627 | €329,008 | +€12,381 | +3.9% |
| Contributions | 10/11 | €13,400 | €13,400 | = | 0.0% |
| Reserves | 13 | €201,627 | €214,007 | +€12,380 | +6.1% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €199,627 | €212,007 | +€12,380 | +6.2% |
| Profit (loss) carried forward | 14 | €101,600 | €101,601 | +€1 | 0.0% |
| Amounts payable | 17/49 | €116,135 | €86,060 | -€30,074 | -25.9% |
| Amounts payable after more than one year | 17 | €41,977 | €27,877 | -€14,100 | -33.6% |
| Financial debts | 170/4 | €41,977 | €27,877 | -€14,100 | -33.6% |
| Amounts payable within one year | 42/48 | €74,157 | €58,183 | -€15,975 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | €13,371 | €14,100 | +€729 | +5.5% |
| Trade debts | 44 | €2,887 | €2,773 | -€114 | -3.9% |
| Suppliers | 440/4 | €2,887 | €2,773 | -€114 | -3.9% |
| Taxes, remuneration and social security | 45 | €21,060 | €19,380 | -€1,681 | -8.0% |
| Taxes | 450/3 | €14,413 | €12,587 | -€1,826 | -12.7% |
| Remuneration and social security | 454/9 | €6,647 | €6,793 | +€145 | +2.2% |
| Other amounts payable | 47/48 | €36,840 | €21,930 | -€14,909 | -40.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,040 | €13,798 | -€5,242 | -27.5% |
| Other operating charges | 640/8 | €2,235 | €644 | -€1,591 | -71.2% |
| Non-recurring operating charges | 66A | €5,877 | €22,812 | +€16,935 | +288.1% |
| Gross operating margin | 9900 | €87,963 | €57,622 | -€30,341 | -34.5% |
| Operating profit (loss) | 9901 | €60,811 | €20,368 | -€40,442 | -66.5% |
| Financial income | 75/76B | €43 | - | -€43 | |
| Recurring financial income | 75 | €43 | - | -€43 | |
| Financial charges | 65/66B | €3,315 | €2,623 | -€692 | -20.9% |
| Recurring financial charges | 65 | €3,315 | €2,623 | -€692 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €57,539 | €17,745 | -€39,793 | -69.2% |
| Income taxes | 67/77 | €16,013 | €5,364 | -€10,649 | -66.5% |
| Profit (loss) for the period | 9904 | €41,526 | €12,381 | -€29,145 | -70.2% |
| Profit (loss) for the period to be appropriated | 9905 | €41,526 | €12,381 | -€29,145 | -70.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.