ESIP: what changed
What changed
ESIP
NACE 43.211, General electrical installation work
filed annual accounts (NBB)
Net result for the year
€85,140
2024 · €196,500-€111,360
Equity
€286,639
2024 · €201,500+€85,140
Cash
€35,947
2024 · €84,382-€48,436
Balance sheet total
€388,220
2024 · €279,464+€108,756
Largest movements
Assets
- Current investments +€109,495
up €109,495 (+91.2%), from €120,000 to €229,495
- Cash -€48,436
down €48,436 (-57.4%), from €84,382 to €35,947
mainly Current investments (-€109,495) and Investment in fixed assets (net) (-€56,393)
- Tangible fixed assets +€43,583
up €43,583 (+330%), from €13,191 to €56,774
of which Furniture and vehicles: +€48,781
Equity and liabilities
- Profit (loss) carried forward +€85,140
up €85,140 (+43.3%), from €196,500 to €281,639
- Tax, wage and social debts +€19,433
up €19,433 (+30.3%), from €64,102 to €83,535
- Trade debts +€8,811
up €8,811 (+173%), from €5,084 to €13,895
Income statement
- Gross operating margin -€149,081
down €149,081 (-55.7%), from €267,740 to €118,659
- Taxes -€36,677
down €36,677 (-61.8%), from €59,373 to €22,696
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€196,500
Gross operating margin
-€149,081
Depreciation
-€247
Other operating charges
+€368
Financial income
+€553
Financial charges
+€369
Taxes
+€36,677
Result 2025
€85,140
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€121,752
Investment
-€165,888
Financing
-€4,300
Cash 2024
€84,382
From operations (derived)
+€121,752
Net result for the year
+€85,140
Depreciation
+€12,810
Receivables within one year
-€1,612
Deferred charges and accrued income
-€2,502
Trade debts
+€8,811
Tax, wage and social debts
+€19,433
Accrued charges and deferred income
-€327
Investment (derived)
-€165,888
Investment in fixed assets (net)
-€56,393
Current investments
-€109,495
Financing
-€4,300
Debts after one year
-€2,900
Current portion of long-term debt
-€1,400
Cash 2025
€35,947
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €279,464 | €388,220 | +€108,756 | +38.9% |
| Fixed assets | 21/28 | €13,191 | €56,774 | +€43,583 | +330% |
| Tangible fixed assets | 22/27 | €13,191 | €56,774 | +€43,583 | +330% |
| Plant, machinery and equipment | 23 | €2,707 | €2,022 | -€685 | -25.3% |
| Furniture and vehicles | 24 | €3,745 | €52,526 | +€48,781 | +1,303% |
| Leasing and similar rights | 25 | €6,739 | €2,226 | -€4,513 | -67.0% |
| Current assets | 29/58 | €266,273 | €331,446 | +€65,173 | +24.5% |
| Amounts receivable within one year | 40/41 | €59,244 | €60,856 | +€1,612 | +2.7% |
| Trade receivables | 40 | €59,244 | €60,856 | +€1,612 | +2.7% |
| Current investments | 50/53 | €120,000 | €229,495 | +€109,495 | +91.2% |
| Cash at bank and in hand | 54/58 | €84,382 | €35,947 | -€48,436 | -57.4% |
| Deferred charges and accrued income | 490/1 | €2,646 | €5,148 | +€2,502 | +94.6% |
| Total equity and liabilities | 10/49 | €279,464 | €388,220 | +€108,756 | +38.9% |
| Equity | 10/15 | €201,500 | €286,639 | +€85,140 | +42.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,500 | €281,639 | +€85,140 | +43.3% |
| Amounts payable | 17/49 | €77,964 | €101,580 | +€23,616 | +30.3% |
| Amounts payable after more than one year | 17 | €2,900 | - | -€2,900 | |
| Financial debts | 170/4 | €2,900 | - | -€2,900 | |
| Amounts payable within one year | 42/48 | €74,736 | €101,580 | +€26,844 | +35.9% |
| Current portion of amounts payable after more than one year | 42 | €4,300 | €2,900 | -€1,400 | -32.6% |
| Trade debts | 44 | €5,084 | €13,895 | +€8,811 | +173% |
| Suppliers | 440/4 | €5,084 | €13,895 | +€8,811 | +173% |
| Taxes, remuneration and social security | 45 | €64,102 | €83,535 | +€19,433 | +30.3% |
| Taxes | 450/3 | €64,102 | €83,535 | +€19,433 | +30.3% |
| Other amounts payable | 47/48 | €1,250 | €1,250 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €327 | - | -€327 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,563 | €12,810 | +€247 | +2.0% |
| Other operating charges | 640/8 | €912 | €544 | -€368 | -40.4% |
| Gross operating margin | 9900 | €267,740 | €118,659 | -€149,081 | -55.7% |
| Operating profit (loss) | 9901 | €254,265 | €105,305 | -€148,959 | -58.6% |
| Financial income | 75/76B | €2,098 | €2,650 | +€553 | +26.4% |
| Recurring financial income | 75 | €2,098 | €2,650 | +€553 | +26.4% |
| Financial charges | 65/66B | €490 | €120 | -€369 | -75.4% |
| Recurring financial charges | 65 | €490 | €120 | -€369 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €255,873 | €107,836 | -€148,037 | -57.9% |
| Income taxes | 67/77 | €59,373 | €22,696 | -€36,677 | -61.8% |
| Profit (loss) for the period | 9904 | €196,500 | €85,140 | -€111,360 | -56.7% |
| Profit (loss) for the period to be appropriated | 9905 | €196,500 | €85,140 | -€111,360 | -56.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.