ESIA: 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.
ESIA
Largest movements
- Intangible fixed assets +€35,187
up €35,187 (+15.5%), from €226,829 to €262,016
- Receivables within one year +€12,537
up €12,537 (+9.4%), from €133,646 to €146,182
of which Trade receivables: +€13,006
- Current portion of long-term debt -€40,115
down €40,115 (-39.2%), from €102,355 to €62,240
- Trade debts +€36,809
up €36,809 (+67.5%), from €54,545 to €91,354
- Tax, wage and social debts +€35,544
up €35,544 (+70.3%), from €50,596 to €86,140
of which Taxes: +€22,728
- Debts after one year -€21,429
down €21,429 (-8.5%), from €252,804 to €231,375
- Other debts +€20,000
up €20,000, from €0 to €20,000
- Financial income -€109,049
down €109,049 (-94.7%), from €115,151 to €6,102
- Gross operating margin +€73,119
up €73,119 (+28.1%), from €259,901 to €333,020
- Depreciation +€22,899
up €22,899 (+34.2%), from €66,986 to €89,885
- Staff costs +€20,971
up €20,971 (+10.0%), from €208,835 to €229,807
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 | €371,692 | €416,274 | +€44,582 | +12.0% |
| Fixed assets | 21/28 | €229,231 | €263,245 | +€34,014 | +14.8% |
| Intangible fixed assets | 21 | €226,829 | €262,016 | +€35,187 | +15.5% |
| Tangible fixed assets | 22/27 | €1,703 | €529 | -€1,173 | -68.9% |
| Furniture and vehicles | 24 | €1,142 | €109 | -€1,033 | -90.5% |
| Other tangible fixed assets | 26 | €561 | €420 | -€140 | -25.0% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €142,461 | €153,029 | +€10,569 | +7.4% |
| Amounts receivable within one year | 40/41 | €133,646 | €146,182 | +€12,537 | +9.4% |
| Trade receivables | 40 | €132,451 | €145,457 | +€13,006 | +9.8% |
| Other amounts receivable | 41 | €1,195 | €725 | -€470 | -39.3% |
| Cash at bank and in hand | 54/58 | €0 | €0 | +€0 | |
| Deferred charges and accrued income | 490/1 | €8,815 | €6,847 | -€1,968 | -22.3% |
| Total equity and liabilities | 10/49 | €371,692 | €416,274 | +€44,582 | +12.0% |
| Equity | 10/15 | -€101,199 | -€103,629 | -€2,430 | -2.4% |
| Contributions | 10/11 | €536,063 | €536,063 | = | 0.0% |
| Capital | 10 | €536,063 | €536,063 | = | 0.0% |
| Issued capital | 100 | €536,063 | €536,063 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€643,365 | -€639,693 | +€3,672 | +0.6% |
| Investment grants | 15 | €6,102 | €0 | -€6,102 | -100.0% |
| Amounts payable | 17/49 | €472,892 | €519,904 | +€47,012 | +9.9% |
| Amounts payable after more than one year | 17 | €252,804 | €231,375 | -€21,429 | -8.5% |
| Financial debts | 170/4 | €252,804 | €231,375 | -€21,429 | -8.5% |
| Amounts payable within one year | 42/48 | €218,470 | €285,827 | +€67,358 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €102,355 | €62,240 | -€40,115 | -39.2% |
| Financial debts | 43 | €10,973 | €26,093 | +€15,120 | +137.8% |
| Credit institutions | 430/8 | €10,973 | €26,093 | +€15,120 | +137.8% |
| Trade debts | 44 | €54,545 | €91,354 | +€36,809 | +67.5% |
| Suppliers | 440/4 | €54,545 | €91,354 | +€36,809 | +67.5% |
| Taxes, remuneration and social security | 45 | €50,596 | €86,140 | +€35,544 | +70.3% |
| Taxes | 450/3 | €10,433 | €33,161 | +€22,728 | +217.8% |
| Remuneration and social security | 454/9 | €40,163 | €52,979 | +€12,816 | +31.9% |
| Other amounts payable | 47/48 | €0 | €20,000 | +€20,000 | |
| Accrued charges and deferred income | 492/3 | €1,618 | €2,701 | +€1,083 | +67.0% |
| Remuneration, social security and pensions | 62 | €208,835 | €229,807 | +€20,971 | +10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,986 | €89,885 | +€22,899 | +34.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €412 | €450 | +€37 | +9.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €259,901 | €333,020 | +€73,119 | +28.1% |
| Operating profit (loss) | 9901 | -€16,333 | €12,879 | +€29,211 | |
| Financial income | 75/76B | €115,151 | €6,102 | -€109,049 | -94.7% |
| Recurring financial income | 75 | €115,151 | €6,102 | -€109,049 | -94.7% |
| Financial charges | 65/66B | €14,574 | €14,317 | -€256 | -1.8% |
| Recurring financial charges | 65 | €14,574 | €14,317 | -€256 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €84,244 | €4,663 | -€79,581 | -94.5% |
| Income taxes | 67/77 | €961 | €991 | +€30 | +3.2% |
| Profit (loss) for the period | 9904 | €83,283 | €3,672 | -€79,611 | -95.6% |
| Profit (loss) for the period to be appropriated | 9905 | €83,283 | €3,672 | -€79,611 | -95.6% |
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 5 October 2026 via checked.be.