ESEN EXPRESS: 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.
ESEN EXPRESS
Largest movements
- Cash -€135,280
down €135,280 (-76.7%), from €176,467 to €41,187
mainly Contributions, distributions and other (-€140,241) and Investment in fixed assets (net) (-€93,412)
- Profit (loss) carried forward -€55,035
down €55,035 (-48.9%), from €112,631 to €57,595
- Trade debts -€54,815
down €54,815 (-27.5%), from €199,435 to €144,620
- Contributions -€38,636
down €38,636 (-45.5%), from €85,000 to €46,364
- Debts after one year -€37,727
down €37,727 (-12.2%), from €308,815 to €271,088
- Tax, wage and social debts +€16,454
up €16,454 (+57.5%), from €28,624 to €45,078
of which Taxes: +€11,060
- Staff costs -€36,681
down €36,681 (-16.5%), from €221,856 to €185,176
- Depreciation +€29,578
up €29,578 (+42.7%), from €69,303 to €98,881
- Gross operating margin +€23,255
up €23,255 (+6.5%), from €358,640 to €381,895
- Taxes +€13,860
up €13,860 (+1,294%), from €1,071 to €14,931
- Financial charges +€5,263
up €5,263 (+32.4%), from €16,243 to €21,506
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 | €824,785 | €687,285 | -€137,500 | -16.7% |
| Fixed assets | 21/28 | €494,458 | €488,989 | -€5,468 | -1.1% |
| Tangible fixed assets | 22/27 | €494,458 | €488,989 | -€5,468 | -1.1% |
| Plant, machinery and equipment | 23 | €12,682 | €15,139 | +€2,457 | +19.4% |
| Furniture and vehicles | 24 | €20,292 | €99,421 | +€79,128 | +390% |
| Other tangible fixed assets | 26 | €461,483 | €374,430 | -€87,053 | -18.9% |
| Current assets | 29/58 | €330,328 | €198,296 | -€132,032 | -40.0% |
| Stocks and contracts in progress | 3 | €133,514 | €128,119 | -€5,395 | -4.0% |
| Stocks | 30/36 | €133,514 | €128,119 | -€5,395 | -4.0% |
| Amounts receivable within one year | 40/41 | €7,937 | €14,798 | +€6,861 | +86.4% |
| Trade receivables | 40 | €3,072 | €5,724 | +€2,653 | +86.4% |
| Other amounts receivable | 41 | €4,865 | €9,074 | +€4,209 | +86.5% |
| Cash at bank and in hand | 54/58 | €176,467 | €41,187 | -€135,280 | -76.7% |
| Deferred charges and accrued income | 490/1 | €12,409 | €14,191 | +€1,782 | +14.4% |
| Total equity and liabilities | 10/49 | €824,785 | €687,285 | -€137,500 | -16.7% |
| Equity | 10/15 | €197,631 | €103,959 | -€93,672 | -47.4% |
| Contributions | 10/11 | €85,000 | €46,364 | -€38,636 | -45.5% |
| Profit (loss) carried forward | 14 | €112,631 | €57,595 | -€55,035 | -48.9% |
| Amounts payable | 17/49 | €627,155 | €583,326 | -€43,828 | -7.0% |
| Amounts payable after more than one year | 17 | €308,815 | €271,088 | -€37,727 | -12.2% |
| Financial debts | 170/4 | €308,815 | €271,088 | -€37,727 | -12.2% |
| Amounts payable within one year | 42/48 | €318,339 | €312,238 | -€6,101 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €87,427 | €103,686 | +€16,259 | +18.6% |
| Trade debts | 44 | €199,435 | €144,620 | -€54,815 | -27.5% |
| Suppliers | 440/4 | €199,435 | €144,620 | -€54,815 | -27.5% |
| Taxes, remuneration and social security | 45 | €28,624 | €45,078 | +€16,454 | +57.5% |
| Taxes | 450/3 | €1,071 | €12,131 | +€11,060 | +1,033% |
| Remuneration and social security | 454/9 | €27,553 | €32,947 | +€5,394 | +19.6% |
| Other amounts payable | 47/48 | €2,854 | €18,854 | +€16,000 | +561% |
| Remuneration, social security and pensions | 62 | €221,856 | €185,176 | -€36,681 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,303 | €98,881 | +€29,578 | +42.7% |
| Other operating charges | 640/8 | €13,542 | €15,651 | +€2,109 | +15.6% |
| Gross operating margin | 9900 | €358,640 | €381,895 | +€23,255 | +6.5% |
| Operating profit (loss) | 9901 | €53,938 | €82,187 | +€28,249 | +52.4% |
| Financial income | 75/76B | €1,377 | €819 | -€558 | -40.5% |
| Recurring financial income | 75 | €1,377 | €819 | -€558 | -40.5% |
| Financial charges | 65/66B | €16,243 | €21,506 | +€5,263 | +32.4% |
| Recurring financial charges | 65 | €16,243 | €21,506 | +€5,263 | +32.4% |
| Profit (loss) for the period before taxes | 9903 | €39,072 | €61,500 | +€22,428 | +57.4% |
| Income taxes | 67/77 | €1,071 | €14,931 | +€13,860 | +1,294% |
| Profit (loss) for the period | 9904 | €38,001 | €46,569 | +€8,568 | +22.5% |
| Profit (loss) for the period to be appropriated | 9905 | €38,001 | €46,569 | +€8,568 | +22.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.