ESEOS: 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.
ESEOS
Largest movements
- Cash +€27,122
up €27,122 (+41.6%), from €65,210 to €92,331
mainly Net result for the year (+€21,558) and Depreciation (+€2,580)
- Tangible fixed assets -€2,580
down €2,580 (-23.9%), from €10,776 to €8,196
of which Furniture and vehicles: -€1,591
- Receivables within one year -€1,573
down €1,573 (-9.6%), from €16,408 to €14,836
of which Other amounts receivable: -€1,573
- Reserves +€21,558
up €21,558 (+37.5%), from €57,546 to €79,104
of which Distributable reserves: +€21,558
- Tax, wage and social debts +€2,035
up €2,035 (+33.1%), from €6,155 to €8,190
- Gross operating margin +€15,821
up €15,821 (+87.4%), from €18,095 to €33,915
- Taxes +€6,087
up €6,087 (+189.6%), from €3,211 to €9,299
- Depreciation -€1,012
down €1,012 (-28.2%), from €3,592 to €2,580
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 | €93,191 | €116,254 | +€23,063 | +24.7% |
| Fixed assets | 21/28 | €10,776 | €8,256 | -€2,520 | -23.4% |
| Tangible fixed assets | 22/27 | €10,776 | €8,196 | -€2,580 | -23.9% |
| Land and buildings | 22 | €4,542 | €4,053 | -€489 | -10.8% |
| Plant, machinery and equipment | 23 | €3,250 | €2,751 | -€500 | -15.4% |
| Furniture and vehicles | 24 | €2,984 | €1,393 | -€1,591 | -53.3% |
| Financial fixed assets | 28 | - | €60 | +€60 | |
| Current assets | 29/58 | €82,415 | €107,998 | +€25,583 | +31.0% |
| Amounts receivable within one year | 40/41 | €16,408 | €14,836 | -€1,573 | -9.6% |
| Trade receivables | 40 | €12,197 | €12,197 | = | 0.0% |
| Other amounts receivable | 41 | €4,212 | €2,639 | -€1,573 | -37.3% |
| Cash at bank and in hand | 54/58 | €65,210 | €92,331 | +€27,122 | +41.6% |
| Deferred charges and accrued income | 490/1 | €797 | €831 | +€34 | +4.3% |
| Total equity and liabilities | 10/49 | €93,191 | €116,254 | +€23,063 | +24.7% |
| Equity | 10/15 | €86,417 | €107,975 | +€21,558 | +24.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €57,546 | €79,104 | +€21,558 | +37.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €55,686 | €77,244 | +€21,558 | +38.7% |
| Profit (loss) carried forward | 14 | €16,471 | €16,471 | = | 0.0% |
| Amounts payable | 17/49 | €6,774 | €8,279 | +€1,505 | +22.2% |
| Amounts payable within one year | 42/48 | €6,774 | €8,279 | +€1,505 | +22.2% |
| Trade debts | 44 | €620 | €89 | -€530 | -85.6% |
| Suppliers | 440/4 | €620 | €89 | -€530 | -85.6% |
| Taxes, remuneration and social security | 45 | €6,155 | €8,190 | +€2,035 | +33.1% |
| Taxes | 450/3 | €6,155 | €8,190 | +€2,035 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,592 | €2,580 | -€1,012 | -28.2% |
| Gross operating margin | 9900 | €18,095 | €33,915 | +€15,821 | +87.4% |
| Operating profit (loss) | 9901 | €14,503 | €31,336 | +€16,833 | +116.1% |
| Financial income | 75/76B | €15 | €0 | -€15 | -99.2% |
| Recurring financial income | 75 | €15 | €0 | -€15 | -99.2% |
| Financial charges | 65/66B | €479 | €479 | -€0 | 0.0% |
| Recurring financial charges | 65 | €479 | €479 | -€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €14,039 | €30,857 | +€16,817 | +119.8% |
| Income taxes | 67/77 | €3,211 | €9,299 | +€6,087 | +189.6% |
| Profit (loss) for the period | 9904 | €10,828 | €21,558 | +€10,730 | +99.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,828 | €21,558 | +€10,730 | +99.1% |
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 8 October 2026 via checked.be.