ESD SOLUTIONS: 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.
ESD SOLUTIONS
Largest movements
- Receivables within one year +€70,832
up €70,832 (+52.8%), from €134,033 to €204,865
of which Trade receivables: +€88,888
- Financial fixed assets -€65,000
down €65,000 (-26.0%), from €250,000 to €185,000
- Cash +€47,228
up €47,228 (+15.7%), from €300,724 to €347,951
mainly Net result for the year (+€88,892) and Investment in fixed assets (net) (+€61,860)
- Tangible fixed assets -€46,633
down €46,633 (-10.7%), from €435,996 to €389,363
- Reserves +€90,645
up €90,645 (+11.9%), from €764,220 to €854,865
of which Distributable reserves: +€90,645
- Tax, wage and social debts -€50,335
down €50,335 (-44.6%), from €112,841 to €62,506
of which Taxes: -€64,186
- Debts after one year -€19,898
down €19,898 (-8.6%), from €230,363 to €210,466
- Gross operating margin +€161,561
up €161,561 (+55.5%), from €291,195 to €452,757
- Staff costs +€48,559
up €48,559 (+23.7%), from €204,614 to €253,173
- Taxes +€27,803
up €27,803 (+215.4%), from €12,907 to €40,710
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 | €1,150,752 | €1,160,263 | +€9,511 | +0.8% |
| Fixed assets | 21/28 | €685,996 | €574,363 | -€111,633 | -16.3% |
| Tangible fixed assets | 22/27 | €435,996 | €389,363 | -€46,633 | -10.7% |
| Land and buildings | 22 | €363,750 | €342,328 | -€21,422 | -5.9% |
| Plant, machinery and equipment | 23 | €43,172 | €25,687 | -€17,485 | -40.5% |
| Furniture and vehicles | 24 | €19,324 | €13,240 | -€6,085 | -31.5% |
| Other tangible fixed assets | 26 | €9,749 | €8,109 | -€1,640 | -16.8% |
| Financial fixed assets | 28 | €250,000 | €185,000 | -€65,000 | -26.0% |
| Current assets | 29/58 | €464,757 | €585,900 | +€121,144 | +26.1% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €134,033 | €204,865 | +€70,832 | +52.8% |
| Trade receivables | 40 | €75,304 | €164,192 | +€88,888 | +118.0% |
| Other amounts receivable | 41 | €58,729 | €40,672 | -€18,057 | -30.7% |
| Cash at bank and in hand | 54/58 | €300,724 | €347,951 | +€47,228 | +15.7% |
| Deferred charges and accrued income | 490/1 | - | €3,084 | +€3,084 | |
| Total equity and liabilities | 10/49 | €1,150,752 | €1,160,263 | +€9,511 | +0.8% |
| Equity | 10/15 | €764,720 | €855,365 | +€90,645 | +11.9% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €764,220 | €854,865 | +€90,645 | +11.9% |
| Non-distributable reserves | 130/1 | €38,095 | €38,095 | = | 0.0% |
| Reserves not available under the articles | 1311 | €38,095 | €38,095 | = | 0.0% |
| Distributable reserves | 133 | €726,125 | €816,770 | +€90,645 | +12.5% |
| Amounts payable | 17/49 | €386,032 | €304,898 | -€81,134 | -21.0% |
| Amounts payable after more than one year | 17 | €230,363 | €210,466 | -€19,898 | -8.6% |
| Financial debts | 170/4 | €230,363 | €210,466 | -€19,898 | -8.6% |
| Amounts payable within one year | 42/48 | €155,668 | €94,432 | -€61,236 | -39.3% |
| Current portion of amounts payable after more than one year | 42 | €19,501 | €19,898 | +€397 | +2.0% |
| Trade debts | 44 | €23,327 | €12,029 | -€11,298 | -48.4% |
| Suppliers | 440/4 | €23,327 | €12,029 | -€11,298 | -48.4% |
| Taxes, remuneration and social security | 45 | €112,841 | €62,506 | -€50,335 | -44.6% |
| Taxes | 450/3 | €101,972 | €37,786 | -€64,186 | -62.9% |
| Remuneration and social security | 454/9 | €10,868 | €24,720 | +€13,852 | +127.5% |
| Remuneration, social security and pensions | 62 | €204,614 | €253,173 | +€48,559 | +23.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,294 | €49,773 | +€479 | +1.0% |
| Other operating charges | 640/8 | €9,483 | €6,370 | -€3,114 | -32.8% |
| Gross operating margin | 9900 | €291,195 | €452,757 | +€161,561 | +55.5% |
| Operating profit (loss) | 9901 | €27,804 | €143,441 | +€115,637 | +415.9% |
| Financial income | 75/76B | €2,362 | €25 | -€2,337 | -98.9% |
| Recurring financial income | 75 | €2,362 | €25 | -€2,337 | -98.9% |
| Financial charges | 65/66B | €16,024 | €13,865 | -€2,159 | -13.5% |
| Recurring financial charges | 65 | €16,024 | €13,865 | -€2,159 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €14,142 | €129,602 | +€115,459 | +816.4% |
| Income taxes | 67/77 | €12,907 | €40,710 | +€27,803 | +215.4% |
| Profit (loss) for the period | 9904 | €1,236 | €88,892 | +€87,656 | +7092.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,236 | €88,892 | +€87,656 | +7092.6% |
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 6 October 2026 via checked.be.