ESJI: what changed
Two fiscal 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.
ESJI
Largest movements
- Cash +€90,945
up €90,945 (+429.2%), from €21,190 to €112,135
mainly Net result for the year (+€149,120) and Depreciation (+€1,448)
- Tangible fixed assets +€18,633
up €18,633 (+88.9%), from €20,970 to €39,603
- Receivables within one year +€14,431
up €14,431 (+19.2%), from €75,270 to €89,701
- Profit (loss) carried forward +€149,120
up €149,120 (+185.8%), from €80,241 to €229,361
- Tax, wage and social debts -€23,778
down €23,778 (-87.6%), from €27,158 to €3,380
- Gross operating margin +€86,087
up €86,087 (+79.0%), from €109,009 to €195,096
- Taxes +€16,222
up €16,222 (+59.7%), from €27,158 to €43,380
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 | €117,430 | €241,439 | +€124,009 | +105.6% |
| Fixed assets | 21/28 | €20,970 | €39,603 | +€18,633 | +88.9% |
| Tangible fixed assets | 22/27 | €20,970 | €39,603 | +€18,633 | +88.9% |
| Furniture and vehicles | 24 | €20,970 | €39,603 | +€18,633 | +88.9% |
| Current assets | 29/58 | €96,460 | €201,836 | +€105,376 | +109.2% |
| Amounts receivable within one year | 40/41 | €75,270 | €89,701 | +€14,431 | +19.2% |
| Trade receivables | 40 | €75,270 | €89,701 | +€14,431 | +19.2% |
| Cash at bank and in hand | 54/58 | €21,190 | €112,135 | +€90,945 | +429.2% |
| Total equity and liabilities | 10/49 | €117,430 | €241,439 | +€124,009 | +105.6% |
| Equity | 10/15 | €83,241 | €232,361 | +€149,120 | +179.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €80,241 | €229,361 | +€149,120 | +185.8% |
| Amounts payable | 17/49 | €34,189 | €9,078 | -€25,111 | -73.4% |
| Amounts payable within one year | 42/48 | €34,189 | €9,078 | -€25,111 | -73.4% |
| Trade debts | 44 | €131 | €137 | +€6 | +4.3% |
| Suppliers | 440/4 | €131 | €137 | +€6 | +4.3% |
| Taxes, remuneration and social security | 45 | €27,158 | €3,380 | -€23,778 | -87.6% |
| Taxes | 450/3 | €27,158 | €3,380 | -€23,778 | -87.6% |
| Other amounts payable | 47/48 | €6,900 | €5,561 | -€1,339 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,610 | €1,448 | -€162 | -10.1% |
| Other operating charges | 640/8 | - | €1,147 | +€1,147 | |
| Gross operating margin | 9900 | €109,009 | €195,096 | +€86,087 | +79.0% |
| Operating profit (loss) | 9901 | €107,399 | €192,500 | +€85,101 | +79.2% |
| Profit (loss) for the period before taxes | 9903 | €107,399 | €192,500 | +€85,101 | +79.2% |
| Income taxes | 67/77 | €27,158 | €43,380 | +€16,222 | +59.7% |
| Profit (loss) for the period | 9904 | €80,241 | €149,120 | +€68,879 | +85.8% |
| Profit (loss) for the period to be appropriated | 9905 | €80,241 | €149,120 | +€68,879 | +85.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.