ESIV: 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.
ESIV
Largest movements
- Receivables within one year -€45,349
down €45,349 (-76.3%), from €59,450 to €14,101
of which Trade receivables: -€36,051
- Cash +€14,354
up €14,354 (+184%), from €7,790 to €22,145
mainly Receivables within one year (+€45,349) and Depreciation (+€9,135)
- Other debts -€18,592
down €18,592 (-92.2%), from €20,164 to €1,572
- Debts after one year -€7,510
down €7,510 (-6.5%), from €115,878 to €108,369
- Trade debts -€4,096
down €4,096 (-47.8%), from €8,574 to €4,478
- Short-term financial debts -€3,533
down €3,533 (-100%), from €3,533 to €0
- Staff costs -€10,414
down €10,414 (-14.8%), from €70,279 to €59,865
- Taxes +€2,510
up €2,510 (+549%), from €457 to €2,966
- Depreciation +€1,152
up €1,152 (+14.4%), from €7,983 to €9,135
- Gross operating margin +€869
up €869 (+1.1%), from €79,914 to €80,782
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €247,025 | €212,831 | -€34,194 | -13.8% |
| Fixed assets | 21/28 | €172,427 | €169,730 | -€2,698 | -1.6% |
| Intangible fixed assets | 21 | €7,500 | €6,000 | -€1,500 | -20.0% |
| Tangible fixed assets | 22/27 | €164,927 | €163,730 | -€1,198 | -0.7% |
| Land and buildings | 22 | €155,601 | €150,305 | -€5,296 | -3.4% |
| Plant, machinery and equipment | 23 | €567 | €1,505 | +€938 | +165% |
| Furniture and vehicles | 24 | €7,930 | €11,195 | +€3,265 | +41.2% |
| Other tangible fixed assets | 26 | €829 | €724 | -€105 | -12.6% |
| Current assets | 29/58 | €74,598 | €43,101 | -€31,496 | -42.2% |
| Stocks and contracts in progress | 3 | €2,760 | €2,615 | -€146 | -5.3% |
| Stocks | 30/36 | €2,760 | €2,615 | -€146 | -5.3% |
| Amounts receivable within one year | 40/41 | €59,450 | €14,101 | -€45,349 | -76.3% |
| Trade receivables | 40 | €50,142 | €14,090 | -€36,051 | -71.9% |
| Other amounts receivable | 41 | €9,308 | €11 | -€9,297 | -99.9% |
| Cash at bank and in hand | 54/58 | €7,790 | €22,145 | +€14,354 | +184% |
| Deferred charges and accrued income | 490/1 | €4,597 | €4,241 | -€357 | -7.8% |
| Total equity and liabilities | 10/49 | €247,025 | €212,831 | -€34,194 | -13.8% |
| Equity | 10/15 | €64,220 | €65,055 | +€835 | +1.3% |
| Contributions | 10/11 | €19,200 | €19,200 | = | 0.0% |
| Reserves | 13 | €35,150 | €35,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,920 | €0 | -€1,920 | -100% |
| Reserves not available under the articles | 1311 | €1,920 | €0 | -€1,920 | -100% |
| Distributable reserves | 133 | €33,230 | €35,150 | +€1,920 | +5.8% |
| Profit (loss) carried forward | 14 | €9,870 | €10,705 | +€835 | +8.5% |
| Amounts payable | 17/49 | €182,805 | €147,776 | -€35,029 | -19.2% |
| Amounts payable after more than one year | 17 | €115,878 | €108,369 | -€7,510 | -6.5% |
| Financial debts | 170/4 | €115,878 | €108,369 | -€7,510 | -6.5% |
| Amounts payable within one year | 42/48 | €66,927 | €39,407 | -€27,519 | -41.1% |
| Current portion of amounts payable after more than one year | 42 | €7,344 | €7,510 | +€166 | +2.3% |
| Financial debts | 43 | €3,533 | €0 | -€3,533 | -100% |
| Credit institutions | 430/8 | €3,533 | €0 | -€3,533 | -100% |
| Trade debts | 44 | €8,574 | €4,478 | -€4,096 | -47.8% |
| Suppliers | 440/4 | €8,574 | €4,478 | -€4,096 | -47.8% |
| Taxes, remuneration and social security | 45 | €27,312 | €25,847 | -€1,465 | -5.4% |
| Taxes | 450/3 | €11,129 | €15,175 | +€4,046 | +36.4% |
| Remuneration and social security | 454/9 | €16,183 | €10,673 | -€5,511 | -34.1% |
| Other amounts payable | 47/48 | €20,164 | €1,572 | -€18,592 | -92.2% |
| Remuneration, social security and pensions | 62 | €70,279 | €59,865 | -€10,414 | -14.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,983 | €9,135 | +€1,152 | +14.4% |
| Other operating charges | 640/8 | €1,980 | €1,623 | -€357 | -18.0% |
| Non-recurring operating charges | 66A | €68 | €526 | +€458 | +675% |
| Gross operating margin | 9900 | €79,914 | €80,782 | +€869 | +1.1% |
| Operating profit (loss) | 9901 | -€396 | €9,633 | +€10,030 | |
| Financial income | 75/76B | €575 | €76 | -€499 | -86.8% |
| Recurring financial income | 75 | €575 | €76 | -€499 | -86.8% |
| Financial charges | 65/66B | €5,656 | €5,908 | +€252 | +4.5% |
| Recurring financial charges | 65 | €5,656 | €5,908 | +€252 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€5,478 | €3,801 | +€9,279 | |
| Income taxes | 67/77 | €457 | €2,966 | +€2,510 | +549% |
| Profit (loss) for the period | 9904 | -€5,935 | €835 | +€6,770 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,935 | €835 | +€6,770 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.