ESIMNA: 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.
ESIMNA
Largest movements
- Current investments -€334,655
down €334,655 (-100%), from €334,655 to €0
- Cash +€74,479
up €74,479 (+296%), from €25,204 to €99,682
mainly Current investments (+€334,655) and Net result for the year (+€321,870)
- Debts after one year -€577,718
down €577,718 (-100%), from €577,718 to €0
- Other debts +€169,916
up €169,916 (+35,807%), from €475 to €170,391
- Reserves +€136,754
up €136,754 (+9.1%), from €1.5m to €1.6m
of which Distributable reserves: +€136,754
- Current portion of long-term debt -€58,751
down €58,751 (-100%), from €58,751 to €0
- Tax, wage and social debts +€50,386
up €50,386 (+118%), from €42,554 to €92,940
of which Taxes: +€50,386
- Gross operating margin +€16,446
up €16,446 (+3.2%), from €515,907 to €532,353
- Financial income +€13,997
up €13,997 (+63.5%), from €22,035 to €36,031
- Depreciation +€8,402
up €8,402 (+8.8%), from €95,358 to €103,761
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.
Derived cash bridge
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 | €2,507,751 | €2,228,120 | -€279,631 | -11.2% |
| Fixed assets | 21/28 | €1,723,256 | €1,723,219 | -€37 | 0.0% |
| Tangible fixed assets | 22/27 | €1,709,674 | €1,709,637 | -€37 | 0.0% |
| Land and buildings | 22 | €779,551 | €779,551 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,210 | €3,704 | -€1,506 | -28.9% |
| Furniture and vehicles | 24 | €56,548 | €51,617 | -€4,931 | -8.7% |
| Other tangible fixed assets | 26 | €868,365 | €874,764 | +€6,399 | +0.7% |
| Financial fixed assets | 28 | €13,582 | €13,582 | = | 0.0% |
| Current assets | 29/58 | €784,496 | €504,902 | -€279,594 | -35.6% |
| Amounts receivable within one year | 40/41 | €423,179 | €401,704 | -€21,475 | -5.1% |
| Trade receivables | 40 | €0 | €100 | +€100 | |
| Other amounts receivable | 41 | €423,179 | €401,604 | -€21,575 | -5.1% |
| Current investments | 50/53 | €334,655 | €0 | -€334,655 | -100% |
| Cash at bank and in hand | 54/58 | €25,204 | €99,682 | +€74,479 | +296% |
| Deferred charges and accrued income | 490/1 | €1,457 | €3,515 | +€2,058 | +141% |
| Total equity and liabilities | 10/49 | €2,507,751 | €2,228,120 | -€279,631 | -11.2% |
| Equity | 10/15 | €1,819,335 | €1,956,089 | +€136,754 | +7.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,506,642 | €1,643,396 | +€136,754 | +9.1% |
| Tax-exempt reserves | 132 | €177 | €177 | = | 0.0% |
| Distributable reserves | 133 | €1,506,465 | €1,643,220 | +€136,754 | +9.1% |
| Profit (loss) carried forward | 14 | €300,293 | €300,293 | = | 0.0% |
| Amounts payable | 17/49 | €688,417 | €272,031 | -€416,385 | -60.5% |
| Amounts payable after more than one year | 17 | €577,718 | €0 | -€577,718 | -100% |
| Financial debts | 170/4 | €577,718 | €0 | -€577,718 | -100% |
| Amounts payable within one year | 42/48 | €110,699 | €265,595 | +€154,896 | +140% |
| Current portion of amounts payable after more than one year | 42 | €58,751 | €0 | -€58,751 | -100% |
| Trade debts | 44 | €8,919 | €2,264 | -€6,656 | -74.6% |
| Suppliers | 440/4 | €8,919 | €2,264 | -€6,656 | -74.6% |
| Taxes, remuneration and social security | 45 | €42,554 | €92,940 | +€50,386 | +118% |
| Taxes | 450/3 | €40,211 | €90,597 | +€50,386 | +125% |
| Remuneration and social security | 454/9 | €2,343 | €2,343 | = | 0.0% |
| Other amounts payable | 47/48 | €475 | €170,391 | +€169,916 | +35,807% |
| Accrued charges and deferred income | 492/3 | - | €6,436 | +€6,436 | |
| Non-recurring operating income | 76A | €9,000 | €0 | -€9,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,358 | €103,761 | +€8,402 | +8.8% |
| Other operating charges | 640/8 | €5,317 | €5,413 | +€96 | +1.8% |
| Gross operating margin | 9900 | €515,907 | €532,353 | +€16,446 | +3.2% |
| Operating profit (loss) | 9901 | €415,232 | €423,179 | +€7,947 | +1.9% |
| Financial income | 75/76B | €22,035 | €36,031 | +€13,997 | +63.5% |
| Recurring financial income | 75 | €22,035 | €36,031 | +€13,997 | +63.5% |
| Financial charges | 65/66B | €3,413 | €5,934 | +€2,521 | +73.9% |
| Recurring financial charges | 65 | €3,413 | €5,934 | +€2,521 | +73.9% |
| Profit (loss) for the period before taxes | 9903 | €433,854 | €453,276 | +€19,423 | +4.5% |
| Income taxes | 67/77 | €135,469 | €131,406 | -€4,063 | -3.0% |
| Profit (loss) for the period | 9904 | €298,384 | €321,870 | +€23,486 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €298,384 | €321,870 | +€23,486 | +7.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.