ESH: 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.
ESH
Largest movements
- Receivables within one year +€378,660
up €378,660 (+205.9%), from €183,865 to €562,525
of which Trade receivables: +€194,936
- Tangible fixed assets -€39,259
down €39,259 (-43.9%), from €89,488 to €50,229
of which Furniture and vehicles: -€32,124
- Cash -€35,255
down €35,255 (-100.0%), from €35,255 to €0
mainly Receivables within one year (-€378,660) and Trade debts (-€4,673)
- Stocks and contracts -€14,743
down €14,743 (-37.3%), from €39,487 to €24,743
- Profit (loss) carried forward +€128,894
up €128,894 (+95.6%), from €134,809 to €263,703
- Other debts +€76,865
up €76,865 (+135.0%), from €56,925 to €133,790
- Tax, wage and social debts +€67,522
up €67,522 (+193.2%), from €34,958 to €102,480
of which Taxes: +€60,907
- Short-term financial debts +€20,794
new in 2024: €20,794
- Staff costs -€80,565
down €80,565 (-52.9%), from €152,339 to €71,773
- Gross operating margin +€42,603
up €42,603 (+17.5%), from €243,280 to €285,883
- Taxes +€24,859
up €24,859 (+142.8%), from €17,409 to €42,268
- Other operating charges +€3,666
up €3,666 (+57.4%), from €6,388 to €10,054
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 | €348,095 | €637,497 | +€289,402 | +83.1% |
| Fixed assets | 21/28 | €89,488 | €50,229 | -€39,259 | -43.9% |
| Tangible fixed assets | 22/27 | €89,488 | €50,229 | -€39,259 | -43.9% |
| Plant, machinery and equipment | 23 | €26,219 | €19,664 | -€6,555 | -25.0% |
| Furniture and vehicles | 24 | €60,369 | €28,245 | -€32,124 | -53.2% |
| Other tangible fixed assets | 26 | €2,900 | €2,320 | -€580 | -20.0% |
| Current assets | 29/58 | €258,607 | €587,268 | +€328,661 | +127.1% |
| Stocks and contracts in progress | 3 | €39,487 | €24,743 | -€14,743 | -37.3% |
| Stocks | 30/36 | €39,487 | €24,743 | -€14,743 | -37.3% |
| Amounts receivable within one year | 40/41 | €183,865 | €562,525 | +€378,660 | +205.9% |
| Trade receivables | 40 | €183,865 | €378,801 | +€194,936 | +106.0% |
| Other amounts receivable | 41 | - | €183,724 | +€183,724 | |
| Cash at bank and in hand | 54/58 | €35,255 | €0 | -€35,255 | -100.0% |
| Total equity and liabilities | 10/49 | €348,095 | €637,497 | +€289,402 | +83.1% |
| Equity | 10/15 | €155,269 | €284,163 | +€128,894 | +83.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €134,809 | €263,703 | +€128,894 | +95.6% |
| Amounts payable | 17/49 | €192,826 | €353,334 | +€160,508 | +83.2% |
| Amounts payable within one year | 42/48 | €192,826 | €353,334 | +€160,508 | +83.2% |
| Financial debts | 43 | - | €20,794 | +€20,794 | |
| Credit institutions | 430/8 | - | €20,794 | +€20,794 | |
| Trade debts | 44 | €100,944 | €96,271 | -€4,673 | -4.6% |
| Suppliers | 440/4 | €100,944 | €96,271 | -€4,673 | -4.6% |
| Taxes, remuneration and social security | 45 | €34,958 | €102,480 | +€67,522 | +193.2% |
| Taxes | 450/3 | €34,958 | €95,864 | +€60,907 | +174.2% |
| Remuneration and social security | 454/9 | - | €6,615 | +€6,615 | |
| Other amounts payable | 47/48 | €56,925 | €133,790 | +€76,865 | +135.0% |
| Remuneration, social security and pensions | 62 | €152,339 | €71,773 | -€80,565 | -52.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,229 | €26,759 | -€1,471 | -5.2% |
| Other operating charges | 640/8 | €6,388 | €10,054 | +€3,666 | +57.4% |
| Gross operating margin | 9900 | €243,280 | €285,883 | +€42,603 | +17.5% |
| Operating profit (loss) | 9901 | €56,323 | €177,297 | +€120,974 | +214.8% |
| Financial charges | 65/66B | €6,951 | €6,134 | -€817 | -11.8% |
| Recurring financial charges | 65 | €6,951 | €6,134 | -€817 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €49,372 | €171,162 | +€121,790 | +246.7% |
| Income taxes | 67/77 | €17,409 | €42,268 | +€24,859 | +142.8% |
| Profit (loss) for the period | 9904 | €31,963 | €128,894 | +€96,931 | +303.3% |
| Profit (loss) for the period to be appropriated | 9905 | €31,963 | €128,894 | +€96,931 | +303.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.