ESD CONSULT: 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.
ESD CONSULT
Largest movements
- Cash -€23,056
down €23,056 (-78.4%), from €29,400 to €6,344
mainly Contributions, distributions and other (-€31,402) and Other debts (-€10,000)
- Receivables within one year -€16,007
down €16,007 (-52.0%), from €30,764 to €14,757
of which Other amounts receivable: -€11,778
- Tangible fixed assets +€3,238
up €3,238 (+75.6%), from €4,285 to €7,523
of which Furniture and vehicles: +€3,742
- Reserves -€23,651
down €23,651 (-75.3%), from €31,402 to €7,752
- Other debts -€10,000
down €10,000 (-47.3%), from €21,126 to €11,126
- Tax, wage and social debts -€894
down €894 (-14.3%), from €6,233 to €5,338
- Trade debts -€849
down €849 (-74.5%), from €1,139 to €290
- Gross operating margin +€23,405
up €23,405, from -€6,915 to €16,490
- Taxes +€3,006
up €3,006 (+1357.0%), from €222 to €3,228
- Depreciation +€613
up €613 (+121.7%), from €504 to €1,117
- Financial charges -€591
down €591 (-14.4%), from €4,094 to €3,503
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,960 | €29,566 | -€35,394 | -54.5% |
| Fixed assets | 21/28 | €4,285 | €7,523 | +€3,238 | +75.6% |
| Tangible fixed assets | 22/27 | €4,285 | €7,523 | +€3,238 | +75.6% |
| Furniture and vehicles | 24 | - | €3,742 | +€3,742 | |
| Other tangible fixed assets | 26 | €4,285 | €3,781 | -€504 | -11.8% |
| Current assets | 29/58 | €60,675 | €22,043 | -€38,632 | -63.7% |
| Amounts receivable within one year | 40/41 | €30,764 | €14,757 | -€16,007 | -52.0% |
| Trade receivables | 40 | €18,986 | €14,757 | -€4,229 | -22.3% |
| Other amounts receivable | 41 | €11,778 | - | -€11,778 | |
| Cash at bank and in hand | 54/58 | €29,400 | €6,344 | -€23,056 | -78.4% |
| Deferred charges and accrued income | 490/1 | €511 | €942 | +€431 | +84.3% |
| Total equity and liabilities | 10/49 | €64,960 | €29,566 | -€35,394 | -54.5% |
| Equity | 10/15 | €36,402 | €12,752 | -€23,651 | -65.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €31,402 | €7,752 | -€23,651 | -75.3% |
| Distributable reserves | 133 | €31,402 | €7,752 | -€23,651 | -75.3% |
| Amounts payable | 17/49 | €28,558 | €16,815 | -€11,743 | -41.1% |
| Amounts payable within one year | 42/48 | €28,498 | €16,755 | -€11,743 | -41.2% |
| Trade debts | 44 | €1,139 | €290 | -€849 | -74.5% |
| Suppliers | 440/4 | €1,139 | €290 | -€849 | -74.5% |
| Taxes, remuneration and social security | 45 | €6,233 | €5,338 | -€894 | -14.3% |
| Taxes | 450/3 | €6,233 | €5,338 | -€894 | -14.3% |
| Other amounts payable | 47/48 | €21,126 | €11,126 | -€10,000 | -47.3% |
| Accrued charges and deferred income | 492/3 | €60 | €60 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €504 | €1,117 | +€613 | +121.7% |
| Other operating charges | 640/8 | €897 | €890 | -€7 | -0.8% |
| Gross operating margin | 9900 | -€6,915 | €16,490 | +€23,405 | |
| Operating profit (loss) | 9901 | -€8,316 | €14,482 | +€22,799 | |
| Financial income | 75/76B | €3 | - | -€3 | |
| Recurring financial income | 75 | €3 | - | -€3 | |
| Financial charges | 65/66B | €4,094 | €3,503 | -€591 | -14.4% |
| Recurring financial charges | 65 | €4,094 | €3,503 | -€591 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,407 | €10,979 | +€23,386 | |
| Income taxes | 67/77 | €222 | €3,228 | +€3,006 | +1357.0% |
| Profit (loss) for the period | 9904 | -€12,628 | €7,752 | +€20,380 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,628 | €7,752 | +€20,380 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.