ESDEEBEE: 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.
ESDEEBEE
Largest movements
- Current investments -€65,000
down €65,000 (-67.7%), from €96,002 to €31,002
- Receivables within one year +€20,152
up €20,152 (+256.1%), from €7,869 to €28,021
of which Trade receivables: +€13,991
- Cash -€19,147
down €19,147 (-24.5%), from €78,010 to €58,863
mainly Other debts (-€62,892) and Contributions, distributions and other (-€59,024)
- Tangible fixed assets -€4,564
down €4,564 (-14.2%), from €32,035 to €27,471
of which Plant, machinery and equipment: -€3,595
- Other debts -€62,892
down €62,892 (-51.5%), from €122,164 to €59,272
- Trade debts -€4,811
down €4,811 (-99.5%), from €4,834 to €23
- Gross operating margin -€77,584
down €77,584 (-49.9%), from €155,610 to €78,027
- Taxes -€18,075
down €18,075 (-55.2%), from €32,752 to €14,677
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 | €214,313 | €145,371 | -€68,943 | -32.2% |
| Fixed assets | 21/28 | €32,035 | €27,471 | -€4,564 | -14.2% |
| Tangible fixed assets | 22/27 | €32,035 | €27,471 | -€4,564 | -14.2% |
| Plant, machinery and equipment | 23 | €26,199 | €22,604 | -€3,595 | -13.7% |
| Furniture and vehicles | 24 | €5,835 | €4,866 | -€969 | -16.6% |
| Current assets | 29/58 | €182,279 | €117,900 | -€64,379 | -35.3% |
| Amounts receivable within one year | 40/41 | €7,869 | €28,021 | +€20,152 | +256.1% |
| Trade receivables | 40 | €4,834 | €18,825 | +€13,991 | +289.4% |
| Other amounts receivable | 41 | €3,035 | €9,196 | +€6,161 | +203.0% |
| Current investments | 50/53 | €96,002 | €31,002 | -€65,000 | -67.7% |
| Cash at bank and in hand | 54/58 | €78,010 | €58,863 | -€19,147 | -24.5% |
| Deferred charges and accrued income | 490/1 | €398 | €15 | -€383 | -96.3% |
| Total equity and liabilities | 10/49 | €214,313 | €145,371 | -€68,943 | -32.2% |
| Equity | 10/15 | €77,255 | €77,255 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €75,255 | €75,255 | = | 0.0% |
| Distributable reserves | 133 | €75,255 | €75,255 | = | 0.0% |
| Amounts payable | 17/49 | €137,058 | €68,115 | -€68,943 | -50.3% |
| Amounts payable within one year | 42/48 | €137,058 | €68,115 | -€68,943 | -50.3% |
| Trade debts | 44 | €4,834 | €23 | -€4,811 | -99.5% |
| Suppliers | 440/4 | €4,834 | €23 | -€4,811 | -99.5% |
| Taxes, remuneration and social security | 45 | €10,061 | €8,820 | -€1,241 | -12.3% |
| Taxes | 450/3 | €10,061 | €8,820 | -€1,241 | -12.3% |
| Other amounts payable | 47/48 | €122,164 | €59,272 | -€62,892 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,867 | €6,076 | +€209 | +3.6% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €155,610 | €78,027 | -€77,584 | -49.9% |
| Operating profit (loss) | 9901 | €149,215 | €71,407 | -€77,808 | -52.1% |
| Financial income | 75/76B | €1,355 | €2,397 | +€1,041 | +76.8% |
| Recurring financial income | 75 | €1,355 | €2,397 | +€1,041 | +76.8% |
| Financial charges | 65/66B | €39 | €103 | +€63 | +162.5% |
| Recurring financial charges | 65 | €39 | €103 | +€63 | +162.5% |
| Profit (loss) for the period before taxes | 9903 | €150,532 | €73,701 | -€76,831 | -51.0% |
| Income taxes | 67/77 | €32,752 | €14,677 | -€18,075 | -55.2% |
| Profit (loss) for the period | 9904 | €117,780 | €59,024 | -€58,756 | -49.9% |
| Profit (loss) for the period to be appropriated | 9905 | €117,780 | €59,024 | -€58,756 | -49.9% |
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.