Esbeld Trans: 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.
Esbeld Trans
Largest movements
- Cash -€153,679
down €153,679 (-97.0%), from €158,459 to €4,779
mainly Receivables within one year (-€87,828) and Investment in fixed assets (net) (-€71,733)
- Receivables within one year +€87,828
up €87,828 (+49.0%), from €179,112 to €266,941
of which Trade receivables: +€84,113
- Tangible fixed assets +€45,333
up €45,333 (+172%), from €26,322 to €71,655
- Other debts -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€42,244
up €42,244 (+64.0%), from €66,022 to €108,266
of which Distributable reserves: +€42,244
- Trade debts -€9,016
down €9,016 (-47.9%), from €18,815 to €9,799
- Tax, wage and social debts -€4,781
down €4,781 (-3.6%), from €132,305 to €127,524
of which Remuneration and social security: -€4,318
- Gross operating margin -€204,702
down €204,702 (-17.3%), from €1.2m to €977,844
- Staff costs -€181,165
down €181,165 (-17.0%), from €1.1m to €885,250
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.
Derived cash bridge
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 | €367,379 | €345,588 | -€21,790 | -5.9% |
| Fixed assets | 21/28 | €27,402 | €72,600 | +€45,198 | +165% |
| Tangible fixed assets | 22/27 | €26,322 | €71,655 | +€45,333 | +172% |
| Furniture and vehicles | 24 | €26,322 | €71,655 | +€45,333 | +172% |
| Financial fixed assets | 28 | €1,080 | €945 | -€135 | -12.5% |
| Current assets | 29/58 | €339,977 | €272,989 | -€66,988 | -19.7% |
| Amounts receivable within one year | 40/41 | €179,112 | €266,941 | +€87,828 | +49.0% |
| Trade receivables | 40 | €167,766 | €251,879 | +€84,113 | +50.1% |
| Other amounts receivable | 41 | €11,346 | €15,062 | +€3,715 | +32.7% |
| Cash at bank and in hand | 54/58 | €158,459 | €4,779 | -€153,679 | -97.0% |
| Deferred charges and accrued income | 490/1 | €2,406 | €1,269 | -€1,137 | -47.3% |
| Total equity and liabilities | 10/49 | €367,379 | €345,588 | -€21,790 | -5.9% |
| Equity | 10/15 | €166,258 | €208,266 | +€42,008 | +25.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €66,022 | €108,266 | +€42,244 | +64.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €56,022 | €98,266 | +€42,244 | +75.4% |
| Investment grants | 15 | €237 | - | -€237 | |
| Amounts payable | 17/49 | €201,120 | €137,323 | -€63,798 | -31.7% |
| Amounts payable within one year | 42/48 | €201,120 | €137,323 | -€63,798 | -31.7% |
| Trade debts | 44 | €18,815 | €9,799 | -€9,016 | -47.9% |
| Suppliers | 440/4 | €18,815 | €9,799 | -€9,016 | -47.9% |
| Taxes, remuneration and social security | 45 | €132,305 | €127,524 | -€4,781 | -3.6% |
| Taxes | 450/3 | €11,472 | €11,009 | -€463 | -4.0% |
| Remuneration and social security | 454/9 | €120,833 | €116,515 | -€4,318 | -3.6% |
| Other amounts payable | 47/48 | €50,000 | - | -€50,000 | |
| Non-recurring operating income | 76A | €1,500 | €1,704 | +€204 | +13.6% |
| Remuneration, social security and pensions | 62 | €1,066,415 | €885,250 | -€181,165 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,830 | €26,535 | -€4,294 | -13.9% |
| Other operating charges | 640/8 | €1,532 | €1,984 | +€452 | +29.5% |
| Non-recurring operating charges | 66A | €53 | €4,748 | +€4,695 | +8,858% |
| Gross operating margin | 9900 | €1,182,546 | €977,844 | -€204,702 | -17.3% |
| Operating profit (loss) | 9901 | €83,717 | €59,326 | -€24,390 | -29.1% |
| Financial income | 75/76B | €366 | €237 | -€129 | -35.3% |
| Recurring financial income | 75 | €366 | €237 | -€129 | -35.3% |
| Financial charges | 65/66B | €863 | €896 | +€32 | +3.7% |
| Recurring financial charges | 65 | €863 | €896 | +€32 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €83,219 | €58,667 | -€24,552 | -29.5% |
| Income taxes | 67/77 | €23,446 | €16,423 | -€7,023 | -30.0% |
| Profit (loss) for the period | 9904 | €59,773 | €42,244 | -€17,529 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €59,773 | €42,244 | -€17,529 | -29.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.