ESFERAS: 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.
ESFERAS
Largest movements
- Stocks and contracts -€33,000
down €33,000 (-49.2%), from €67,039 to €34,039
- Receivables within one year -€7,719
down €7,719 (-4.4%), from €176,478 to €168,759
of which Trade receivables: -€5,896
- Tangible fixed assets +€6,811
up €6,811 (+6.4%), from €105,699 to €112,510
of which Other tangible fixed assets: +€6,821
- Trade debts -€58,097
down €58,097 (-42.1%), from €138,058 to €79,961
- Profit (loss) carried forward +€36,695
up €36,695, from -€12,184 to €24,511
- Tax, wage and social debts +€28,520
new in 2024: €28,520
of which Taxes: +€15,587
- Accrued charges and deferred income -€25,711
no longer reported in 2024 (was €25,711)
- Current portion of long-term debt -€18,629
down €18,629 (-61.3%), from €30,390 to €11,761
- Gross operating margin +€33,784
up €33,784 (+35.8%), from €94,346 to €128,131
- Depreciation +€16,544
new in 2024: €16,544
- Taxes -€8,725
no longer reported in 2024 (was €8,725)
- Staff costs -€6,417
down €6,417 (-8.7%), from €73,679 to €67,262
- Financial charges -€2,115
down €2,115 (-31.1%), from €6,794 to €4,679
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €651,529 | €619,011 | -€32,518 | -5.0% |
| Fixed assets | 21/28 | €122,217 | €129,028 | +€6,811 | +5.6% |
| Tangible fixed assets | 22/27 | €105,699 | €112,510 | +€6,811 | +6.4% |
| Furniture and vehicles | 24 | €60,973 | €60,963 | -€10 | 0.0% |
| Other tangible fixed assets | 26 | €44,726 | €51,547 | +€6,821 | +15.3% |
| Financial fixed assets | 28 | €16,518 | €16,518 | = | 0.0% |
| Current assets | 29/58 | €529,313 | €489,984 | -€39,329 | -7.4% |
| Stocks and contracts in progress | 3 | €67,039 | €34,039 | -€33,000 | -49.2% |
| Stocks | 30/36 | €67,039 | €34,039 | -€33,000 | -49.2% |
| Amounts receivable within one year | 40/41 | €176,478 | €168,759 | -€7,719 | -4.4% |
| Trade receivables | 40 | €160,786 | €154,890 | -€5,896 | -3.7% |
| Other amounts receivable | 41 | €15,692 | €13,869 | -€1,823 | -11.6% |
| Deferred charges and accrued income | 490/1 | €285,795 | €287,186 | +€1,390 | +0.5% |
| Total equity and liabilities | 10/49 | €651,529 | €619,011 | -€32,518 | -5.0% |
| Equity | 10/15 | €20,688 | €57,383 | +€36,695 | +177.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €14,280 | €14,280 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €8,083 | €8,083 | = | 0.0% |
| Distributable reserves | 133 | €4,338 | €4,338 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,184 | €24,511 | +€36,695 | |
| Amounts payable | 17/49 | €630,841 | €561,628 | -€69,213 | -11.0% |
| Amounts payable after more than one year | 17 | €4,057 | €4,057 | = | 0.0% |
| Financial debts | 170/4 | €4,057 | €4,057 | = | 0.0% |
| Amounts payable within one year | 42/48 | €601,073 | €557,572 | -€43,501 | -7.2% |
| Current portion of amounts payable after more than one year | 42 | €30,390 | €11,761 | -€18,629 | -61.3% |
| Financial debts | 43 | €30,130 | €19,290 | -€10,840 | -36.0% |
| Credit institutions | 430/8 | €30,130 | €19,290 | -€10,840 | -36.0% |
| Trade debts | 44 | €138,058 | €79,961 | -€58,097 | -42.1% |
| Suppliers | 440/4 | €138,058 | €79,961 | -€58,097 | -42.1% |
| Taxes, remuneration and social security | 45 | - | €28,520 | +€28,520 | |
| Taxes | 450/3 | - | €15,587 | +€15,587 | |
| Remuneration and social security | 454/9 | - | €12,933 | +€12,933 | |
| Other amounts payable | 47/48 | €402,494 | €418,040 | +€15,546 | +3.9% |
| Accrued charges and deferred income | 492/3 | €25,711 | - | -€25,711 | |
| Remuneration, social security and pensions | 62 | €73,679 | €67,262 | -€6,417 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16,544 | +€16,544 | |
| Other operating charges | 640/8 | €4,208 | €3,212 | -€996 | -23.7% |
| Gross operating margin | 9900 | €94,346 | €128,131 | +€33,784 | +35.8% |
| Operating profit (loss) | 9901 | €16,459 | €41,112 | +€24,653 | +149.8% |
| Financial income | 75/76B | €921 | €261 | -€660 | -71.7% |
| Recurring financial income | 75 | €921 | €261 | -€660 | -71.7% |
| Financial charges | 65/66B | €6,794 | €4,679 | -€2,115 | -31.1% |
| Recurring financial charges | 65 | €6,794 | €4,679 | -€2,115 | -31.1% |
| Profit (loss) for the period before taxes | 9903 | €10,587 | €36,695 | +€26,108 | +246.6% |
| Income taxes | 67/77 | €8,725 | - | -€8,725 | |
| Profit (loss) for the period | 9904 | €1,862 | €36,695 | +€34,833 | +1870.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,862 | €36,695 | +€34,833 | +1870.8% |
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 10 October 2026 via checked.be.