ESINCOR: 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.
ESINCOR
Largest movements
- Receivables within one year +€16,114
up €16,114 (+2663.5%), from €605 to €16,719
of which Trade receivables: +€14,823
- Cash +€11,925
up €11,925 (+10601.9%), from €112 to €12,037
mainly Net result for the year (+€77,501) and Tax, wage and social debts (+€2,168)
- Deferred charges and accrued income -€1,048
down €1,048 (-51.2%), from €2,045 to €997
- Tangible fixed assets -€481
down €481 (-71.1%), from €677 to €196
- Profit (loss) carried forward +€77,501
up €77,501 (+56.2%), from -€137,912 to -€60,412
- Short-term financial debts -€23,476
down €23,476 (-100.0%), from €23,476 to €0
- Other debts -€21,408
down €21,408 (-100.0%), from €21,408 to €0
- Trade debts -€8,273
down €8,273 (-47.8%), from €17,324 to €9,051
- Tax, wage and social debts +€2,168
up €2,168 (+9.4%), from €23,183 to €25,351
of which Taxes: +€1,827
- Gross operating margin +€41,735
up €41,735 (+31.6%), from €132,098 to €173,833
- Staff costs -€10,196
down €10,196 (-10.5%), from €97,159 to €86,964
- Taxes +€5,072
up €5,072 (+1519.0%), from €334 to €5,405
- Financial charges -€3,932
down €3,932 (-57.7%), from €6,810 to €2,878
- Other operating charges -€2,411
down €2,411 (-80.0%), from €3,015 to €604
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 | €3,439 | €29,950 | +€26,511 | +770.8% |
| Fixed assets | 21/28 | €677 | €196 | -€481 | -71.1% |
| Tangible fixed assets | 22/27 | €677 | €196 | -€481 | -71.1% |
| Plant, machinery and equipment | 23 | €677 | €196 | -€481 | -71.1% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,762 | €29,754 | +€26,992 | +977.1% |
| Amounts receivable within one year | 40/41 | €605 | €16,719 | +€16,114 | +2663.5% |
| Trade receivables | 40 | €605 | €15,428 | +€14,823 | +2450.0% |
| Other amounts receivable | 41 | €0 | €1,292 | +€1,292 | |
| Cash at bank and in hand | 54/58 | €112 | €12,037 | +€11,925 | +10601.9% |
| Deferred charges and accrued income | 490/1 | €2,045 | €997 | -€1,048 | -51.2% |
| Total equity and liabilities | 10/49 | €3,439 | €29,950 | +€26,511 | +770.8% |
| Equity | 10/15 | -€81,952 | -€4,452 | +€77,501 | +94.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €37,360 | €37,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €715 | €715 | = | 0.0% |
| Distributable reserves | 133 | €36,645 | €36,645 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,912 | -€60,412 | +€77,501 | +56.2% |
| Amounts payable | 17/49 | €85,392 | €34,402 | -€50,990 | -59.7% |
| Amounts payable within one year | 42/48 | €85,392 | €34,402 | -€50,990 | -59.7% |
| Financial debts | 43 | €23,476 | €0 | -€23,476 | -100.0% |
| Credit institutions | 430/8 | €23,476 | €0 | -€23,476 | -100.0% |
| Trade debts | 44 | €17,324 | €9,051 | -€8,273 | -47.8% |
| Suppliers | 440/4 | €17,324 | €9,051 | -€8,273 | -47.8% |
| Taxes, remuneration and social security | 45 | €23,183 | €25,351 | +€2,168 | +9.4% |
| Taxes | 450/3 | €11,984 | €13,810 | +€1,827 | +15.2% |
| Remuneration and social security | 454/9 | €11,199 | €11,540 | +€341 | +3.0% |
| Other amounts payable | 47/48 | €21,408 | €0 | -€21,408 | -100.0% |
| Remuneration, social security and pensions | 62 | €97,159 | €86,964 | -€10,196 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610 | €481 | -€129 | -21.1% |
| Other operating charges | 640/8 | €3,015 | €604 | -€2,411 | -80.0% |
| Non-recurring operating charges | 66A | €571 | €0 | -€571 | -100.0% |
| Gross operating margin | 9900 | €132,098 | €173,833 | +€41,735 | +31.6% |
| Operating profit (loss) | 9901 | €30,743 | €85,784 | +€55,041 | +179.0% |
| Financial income | 75/76B | €93 | €0 | -€93 | -99.8% |
| Recurring financial income | 75 | €93 | €0 | -€93 | -99.8% |
| Financial charges | 65/66B | €6,810 | €2,878 | -€3,932 | -57.7% |
| Recurring financial charges | 65 | €6,810 | €2,878 | -€3,932 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €24,026 | €82,906 | +€58,880 | +245.1% |
| Income taxes | 67/77 | €334 | €5,405 | +€5,072 | +1519.0% |
| Profit (loss) for the period | 9904 | €23,692 | €77,501 | +€53,808 | +227.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,692 | €77,501 | +€53,808 | +227.1% |
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 10 October 2026 via checked.be.