ESGUL: 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.
ESGUL
Largest movements
- Receivables within one year +€149,562
up €149,562 (+89.4%), from €167,296 to €316,858
of which Trade receivables: +€165,021
- Tangible fixed assets -€24,305
down €24,305 (-18.7%), from €129,856 to €105,550
of which Leasing and similar rights: -€17,239
- Profit (loss) carried forward +€65,643
up €65,643 (+74.7%), from -€87,893 to -€22,250
- Tax, wage and social debts +€46,781
up €46,781 (+232%), from €20,201 to €66,982
of which Remuneration and social security: +€45,114
- Trade debts +€28,995
up €28,995 (+41.5%), from €69,890 to €98,885
- Debts after one year -€19,632
down €19,632 (-30.2%), from €64,965 to €45,333
- Gross operating margin +€109,428
up €109,428 (+508%), from €21,554 to €130,982
- Provisions -€37,397
down €37,397 (-100%), from €37,397 to €0
- Other operating charges -€7,329
down €7,329 (-40.9%), from €17,924 to €10,596
- Staff costs +€2,907
up €2,907 (+192%), from €1,515 to €4,423
- Financial charges -€2,752
down €2,752 (-28.4%), from €9,705 to €6,953
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.
Derived cash bridge
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 | €298,652 | €422,472 | +€123,820 | +41.5% |
| Fixed assets | 21/28 | €129,856 | €105,550 | -€24,305 | -18.7% |
| Tangible fixed assets | 22/27 | €129,856 | €105,550 | -€24,305 | -18.7% |
| Land and buildings | 22 | €1,798 | €1,660 | -€138 | -7.7% |
| Furniture and vehicles | 24 | €57,163 | €50,235 | -€6,928 | -12.1% |
| Leasing and similar rights | 25 | €70,895 | €53,656 | -€17,239 | -24.3% |
| Current assets | 29/58 | €168,796 | €316,921 | +€148,125 | +87.8% |
| Amounts receivable within one year | 40/41 | €167,296 | €316,858 | +€149,562 | +89.4% |
| Trade receivables | 40 | €149,671 | €314,693 | +€165,021 | +110% |
| Other amounts receivable | 41 | €17,624 | €2,165 | -€15,459 | -87.7% |
| Cash at bank and in hand | 54/58 | €758 | €64 | -€694 | -91.6% |
| Deferred charges and accrued income | 490/1 | €743 | €0 | -€743 | -100% |
| Total equity and liabilities | 10/49 | €298,652 | €422,472 | +€123,820 | +41.5% |
| Equity | 10/15 | -€36,853 | €28,790 | +€65,643 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €38,640 | €38,640 | = | 0.0% |
| Distributable reserves | 133 | €38,640 | €38,640 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€87,893 | -€22,250 | +€65,643 | +74.7% |
| Provisions and deferred taxes | 16 | €37,397 | €37,397 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €37,397 | €37,397 | = | 0.0% |
| Environmental obligations | 163 | - | €37,397 | +€37,397 | |
| Other liabilities and charges | 164/5 | €37,397 | - | -€37,397 | |
| Amounts payable | 17/49 | €298,108 | €356,285 | +€58,177 | +19.5% |
| Amounts payable after more than one year | 17 | €64,965 | €45,333 | -€19,632 | -30.2% |
| Financial debts | 170/4 | €64,965 | €45,333 | -€19,632 | -30.2% |
| Amounts payable within one year | 42/48 | €233,142 | €310,951 | +€77,809 | +33.4% |
| Current portion of amounts payable after more than one year | 42 | €63,045 | €60,801 | -€2,244 | -3.6% |
| Financial debts | 43 | €1,233 | €1,496 | +€263 | +21.3% |
| Credit institutions | 430/8 | €1,233 | €1,496 | +€263 | +21.3% |
| Trade debts | 44 | €69,890 | €98,885 | +€28,995 | +41.5% |
| Suppliers | 440/4 | €69,890 | €98,885 | +€28,995 | +41.5% |
| Taxes, remuneration and social security | 45 | €20,201 | €66,982 | +€46,781 | +232% |
| Taxes | 450/3 | €5,003 | €6,670 | +€1,667 | +33.3% |
| Remuneration and social security | 454/9 | €15,198 | €60,312 | +€45,114 | +297% |
| Other amounts payable | 47/48 | €78,774 | €82,788 | +€4,014 | +5.1% |
| Non-recurring operating income | 76A | €1,421 | €6,400 | +€4,979 | +351% |
| Remuneration, social security and pensions | 62 | €1,515 | €4,423 | +€2,907 | +192% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,990 | €41,748 | -€1,241 | -2.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €37,397 | €0 | -€37,397 | -100% |
| Other operating charges | 640/8 | €17,924 | €10,596 | -€7,329 | -40.9% |
| Gross operating margin | 9900 | €21,554 | €130,982 | +€109,428 | +508% |
| Operating profit (loss) | 9901 | -€78,272 | €74,215 | +€152,488 | |
| Financial income | 75/76B | €132 | €47 | -€85 | -64.1% |
| Recurring financial income | 75 | €132 | €47 | -€85 | -64.1% |
| Financial charges | 65/66B | €9,705 | €6,953 | -€2,752 | -28.4% |
| Recurring financial charges | 65 | €9,705 | €6,953 | -€2,752 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | -€87,845 | €67,310 | +€155,155 | |
| Income taxes | 67/77 | €48 | €1,667 | +€1,619 | +3,349% |
| Profit (loss) for the period | 9904 | -€87,893 | €65,643 | +€153,536 | |
| Profit (loss) for the period to be appropriated | 9905 | -€87,893 | €65,643 | +€153,536 |
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 25 October 2026 via checked.be.