ESINORI: 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.
ESINORI
Largest movements
- Cash +€90,119
up €90,119 (+26.9%), from €335,051 to €425,170
mainly Other debts (+€142,205) and Net result for the year (+€84,586)
- Receivables within one year -€11,178
down €11,178 (-29.1%), from €38,388 to €27,210
of which Trade receivables: -€6,188
- Other debts +€142,205
up €142,205 (+64.7%), from €219,823 to €362,028
- Reserves -€66,350
down €66,350 (-41.8%), from €158,750 to €92,400
- Gross operating margin -€2,319
down €2,319 (-2.1%), from €112,882 to €110,563
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 | €383,219 | €459,081 | +€75,862 | +19.8% |
| Fixed assets | 21/28 | €9,781 | €6,701 | -€3,080 | -31.5% |
| Tangible fixed assets | 22/27 | €9,781 | €6,701 | -€3,080 | -31.5% |
| Furniture and vehicles | 24 | €9,781 | €6,701 | -€3,080 | -31.5% |
| Current assets | 29/58 | €373,438 | €452,380 | +€78,942 | +21.1% |
| Amounts receivable within one year | 40/41 | €38,388 | €27,210 | -€11,178 | -29.1% |
| Trade receivables | 40 | €33,158 | €26,970 | -€6,188 | -18.7% |
| Other amounts receivable | 41 | €5,230 | €240 | -€4,990 | -95.4% |
| Cash at bank and in hand | 54/58 | €335,051 | €425,170 | +€90,119 | +26.9% |
| Total equity and liabilities | 10/49 | €383,219 | €459,081 | +€75,862 | +19.8% |
| Equity | 10/15 | €160,252 | €93,988 | -€66,264 | -41.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €158,750 | €92,400 | -€66,350 | -41.8% |
| Distributable reserves | 133 | €158,750 | €92,400 | -€66,350 | -41.8% |
| Profit (loss) carried forward | 14 | €2 | €88 | +€86 | +4,585% |
| Amounts payable | 17/49 | €222,967 | €365,094 | +€142,126 | +63.7% |
| Amounts payable within one year | 42/48 | €222,967 | €365,094 | +€142,126 | +63.7% |
| Trade debts | 44 | €503 | €819 | +€317 | +63.0% |
| Suppliers | 440/4 | €503 | €819 | +€317 | +63.0% |
| Taxes, remuneration and social security | 45 | €2,642 | €2,246 | -€395 | -15.0% |
| Taxes | 450/3 | €2,642 | €2,246 | -€395 | -15.0% |
| Other amounts payable | 47/48 | €219,823 | €362,028 | +€142,205 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,133 | €3,080 | -€1,054 | -25.5% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €112,882 | €110,563 | -€2,319 | -2.1% |
| Operating profit (loss) | 9901 | €108,243 | €106,963 | -€1,280 | -1.2% |
| Financial charges | 65/66B | €119 | €131 | +€12 | +10.2% |
| Recurring financial charges | 65 | €119 | €131 | +€12 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €108,124 | €106,832 | -€1,292 | -1.2% |
| Income taxes | 67/77 | €22,642 | €22,246 | -€395 | -1.7% |
| Profit (loss) for the period | 9904 | €85,482 | €84,586 | -€896 | -1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,482 | €84,586 | -€896 | -1.0% |
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 23 October 2026 via checked.be.