ESER: 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.
ESER
Largest movements
- Receivables within one year +€24,880
up €24,880 (+491.9%), from €5,058 to €29,937
of which Other amounts receivable: +€15,480
- Cash -€5,768
down €5,768 (-70.9%), from €8,140 to €2,372
mainly Receivables within one year (-€24,880) and Investment in fixed assets (net) (-€7,324)
- Tangible fixed assets +€1,857
up €1,857 (+9.7%), from €19,131 to €20,989
of which Furniture and vehicles: +€2,692
- Stocks and contracts +€1,500
up €1,500 (+340.9%), from €440 to €1,940
- Profit (loss) carried forward +€13,631
up €13,631 (+63.9%), from €21,339 to €34,970
- Tax, wage and social debts +€4,647
up €4,647 (+149.8%), from €3,102 to €7,749
of which Remuneration and social security: +€5,247
- Contributions +€3,749
new in 2024: €3,749
- Gross operating margin -€12,072
down €12,072 (-33.4%), from €36,107 to €24,035
- Staff costs -€3,429
down €3,429 (-40.9%), from €8,384 to €4,954
- Depreciation -€1,333
down €1,333 (-19.6%), from €6,800 to €5,467
- Taxes +€683
up €683 (+1365.1%), from €50 to €733
- Other operating charges -€408
down €408 (-14.5%), from €2,819 to €2,411
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €36,895 | €59,363 | +€22,469 | +60.9% |
| Fixed assets | 21/28 | €23,257 | €25,115 | +€1,857 | +8.0% |
| Tangible fixed assets | 22/27 | €19,131 | €20,989 | +€1,857 | +9.7% |
| Furniture and vehicles | 24 | €11,959 | €14,651 | +€2,692 | +22.5% |
| Other tangible fixed assets | 26 | €7,172 | €6,338 | -€834 | -11.6% |
| Financial fixed assets | 28 | €4,126 | €4,126 | = | 0.0% |
| Current assets | 29/58 | €13,637 | €34,249 | +€20,611 | +151.1% |
| Stocks and contracts in progress | 3 | €440 | €1,940 | +€1,500 | +340.9% |
| Stocks | 30/36 | €440 | €1,940 | +€1,500 | +340.9% |
| Amounts receivable within one year | 40/41 | €5,058 | €29,937 | +€24,880 | +491.9% |
| Trade receivables | 40 | - | €9,400 | +€9,400 | |
| Other amounts receivable | 41 | €5,058 | €20,537 | +€15,480 | +306.1% |
| Cash at bank and in hand | 54/58 | €8,140 | €2,372 | -€5,768 | -70.9% |
| Total equity and liabilities | 10/49 | €36,895 | €59,363 | +€22,469 | +60.9% |
| Equity | 10/15 | €21,339 | €38,719 | +€17,380 | +81.4% |
| Contributions | 10/11 | - | €3,749 | +€3,749 | |
| Contributions outside capital | 11 | - | €3,749 | +€3,749 | |
| Other | 1109/19 | - | €3,749 | +€3,749 | |
| Profit (loss) carried forward | 14 | €21,339 | €34,970 | +€13,631 | +63.9% |
| Amounts payable | 17/49 | €15,556 | €20,644 | +€5,089 | +32.7% |
| Amounts payable within one year | 42/48 | €15,556 | €20,644 | +€5,089 | +32.7% |
| Trade debts | 44 | €12,454 | €12,895 | +€442 | +3.5% |
| Suppliers | 440/4 | €12,454 | €12,895 | +€442 | +3.5% |
| Taxes, remuneration and social security | 45 | €3,102 | €7,749 | +€4,647 | +149.8% |
| Taxes | 450/3 | €2,546 | €1,946 | -€600 | -23.6% |
| Remuneration and social security | 454/9 | €556 | €5,803 | +€5,247 | +943.7% |
| Non-recurring operating income | 76A | - | €4,268 | +€4,268 | |
| Remuneration, social security and pensions | 62 | €8,384 | €4,954 | -€3,429 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,800 | €5,467 | -€1,333 | -19.6% |
| Other operating charges | 640/8 | €2,819 | €2,411 | -€408 | -14.5% |
| Gross operating margin | 9900 | €36,107 | €24,035 | -€12,072 | -33.4% |
| Operating profit (loss) | 9901 | €18,104 | €11,202 | -€6,901 | -38.1% |
| Financial charges | 65/66B | €146 | €172 | +€26 | +17.7% |
| Recurring financial charges | 65 | €146 | €172 | +€26 | +17.7% |
| Profit (loss) for the period before taxes | 9903 | €17,957 | €11,030 | -€6,927 | -38.6% |
| Income taxes | 67/77 | €50 | €733 | +€683 | +1365.1% |
| Profit (loss) for the period | 9904 | €17,907 | €10,298 | -€7,610 | -42.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,907 | €10,298 | -€7,610 | -42.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.