ESEM bvba: 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.
ESEM bvba
Largest movements
- Tangible fixed assets -€26,687
down €26,687 (-87.8%), from €30,400 to €3,713
- Receivables within one year -€5,821
down €5,821 (-24.2%), from €24,036 to €18,215
- Cash +€603
up €603 (+77.3%), from €780 to €1,383
mainly Investment in fixed assets (net) (+€25,070) and Receivables within one year (+€5,821)
- Debts after one year -€16,043
no longer reported in 2012 (was €16,043)
- Debts within one year -€9,445
down €9,445 (-34.8%), from €27,114 to €17,669
- Profit (loss) carried forward -€6,417
down €6,417, from €3,999 to -€2,418
- Gross operating margin -€34,640
down €34,640 (-99.0%), from €34,974 to €334
- Taxes -€7,251
down €7,251 (-98.2%), from €7,384 to €133
- Depreciation -€2,425
down €2,425 (-60.0%), from €4,042 to €1,617
From the 2011 result to the 2012 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 2011 and 2012 balance sheets and the 2012 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2011 | 2012 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €55,216 | €23,311 | -€31,905 | -57.8% |
| Fixed assets | 21/28 | €30,400 | €3,713 | -€26,687 | -87.8% |
| Tangible fixed assets | 22/27 | €30,400 | €3,713 | -€26,687 | -87.8% |
| Current assets | 29/58 | €24,816 | €19,598 | -€5,218 | -21.0% |
| Amounts receivable within one year | 40/41 | €24,036 | €18,215 | -€5,821 | -24.2% |
| Cash at bank and in hand | 54/58 | €780 | €1,383 | +€603 | +77.3% |
| Total equity and liabilities | 10/49 | €55,216 | €23,311 | -€31,905 | -57.8% |
| Equity | 10/15 | €12,059 | €5,642 | -€6,417 | -53.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,999 | -€2,418 | -€6,417 | |
| Amounts payable | 17/49 | €43,157 | €17,669 | -€25,488 | -59.1% |
| Amounts payable after more than one year | 17 | €16,043 | - | -€16,043 | |
| Amounts payable within one year | 42/48 | €27,114 | €17,669 | -€9,445 | -34.8% |
| Trade debts | 44 | €5,111 | €3,399 | -€1,712 | -33.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,042 | €1,617 | -€2,425 | -60.0% |
| Gross operating margin | 9900 | €34,974 | €334 | -€34,640 | -99.0% |
| Operating profit (loss) | 9901 | €30,123 | -€1,811 | -€31,934 | |
| Recurring financial charges | 65 | €2,239 | €2,073 | -€166 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €16,704 | -€6,284 | -€22,988 | |
| Income taxes | 67/77 | €7,384 | €133 | -€7,251 | -98.2% |
| Profit (loss) for the period | 9904 | €9,320 | -€6,417 | -€15,737 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,320 | -€6,417 | -€15,737 |
Source: filed annual accounts (NBB), financial years ended 31 December 2011 and 31 December 2012. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.