ESLA HOLDING: 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.
ESLA HOLDING
Largest movements
- Receivables within one year -€256,282
down €256,282 (-89.3%), from €286,852 to €30,570
of which Other amounts receivable: -€238,282
- Cash -€113,336
down €113,336 (-57.1%), from €198,602 to €85,267
mainly Debts after one year (-€368,818) and Investment in fixed assets (net) (-€42,000)
- Tangible fixed assets -€53,046
down €53,046 (-1.6%), from €3.4m to €3.3m
of which Land and buildings: -€49,213
- Debts after one year -€368,818
down €368,818 (-51.3%), from €718,481 to €349,663
of which Other amounts payable: -€320,234
- Financial income -€153,768
down €153,768 (-98.4%), from €156,267 to €2,498
- Write-downs -€153,439
down €153,439 (-100%), from €153,439 to €0
- Financial charges -€90,776
down €90,776 (-93.5%), from €97,094 to €6,318
- Gross operating margin -€80,444
down €80,444 (-44.5%), from €180,575 to €100,132
- Taxes -€5,614
down €5,614 (-34.2%), from €16,428 to €10,814
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 | €4,633,671 | €4,255,637 | -€378,034 | -8.2% |
| Fixed assets | 21/28 | €4,032,405 | €4,021,359 | -€11,046 | -0.3% |
| Tangible fixed assets | 22/27 | €3,378,505 | €3,325,459 | -€53,046 | -1.6% |
| Land and buildings | 22 | €1,543,114 | €1,493,901 | -€49,213 | -3.2% |
| Furniture and vehicles | 24 | €2,725 | €792 | -€1,933 | -70.9% |
| Other tangible fixed assets | 26 | €1,832,666 | €1,830,766 | -€1,900 | -0.1% |
| Financial fixed assets | 28 | €653,900 | €695,900 | +€42,000 | +6.4% |
| Current assets | 29/58 | €601,266 | €234,278 | -€366,987 | -61.0% |
| Amounts receivable after more than one year | 29 | €112,000 | €114,498 | +€2,498 | +2.2% |
| Other amounts receivable | 291 | €112,000 | €114,498 | +€2,498 | +2.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €286,852 | €30,570 | -€256,282 | -89.3% |
| Trade receivables | 40 | €45,000 | €27,000 | -€18,000 | -40.0% |
| Other amounts receivable | 41 | €241,852 | €3,570 | -€238,282 | -98.5% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €198,602 | €85,267 | -€113,336 | -57.1% |
| Deferred charges and accrued income | 490/1 | €3,811 | €3,943 | +€132 | +3.5% |
| Total equity and liabilities | 10/49 | €4,633,671 | €4,255,637 | -€378,034 | -8.2% |
| Equity | 10/15 | €3,796,102 | €3,816,440 | +€20,339 | +0.5% |
| Contributions | 10/11 | €2,758,000 | €2,758,000 | = | 0.0% |
| Reserves | 13 | €1,038,102 | €1,058,440 | +€20,339 | +2.0% |
| Distributable reserves | 133 | €1,038,102 | €1,058,440 | +€20,339 | +2.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | -€0 | -100% |
| Amounts payable | 17/49 | €837,569 | €439,197 | -€398,372 | -47.6% |
| Amounts payable after more than one year | 17 | €718,481 | €349,663 | -€368,818 | -51.3% |
| Financial debts | 170/4 | €351,645 | €303,061 | -€48,584 | -13.8% |
| Other amounts payable | 178/9 | €366,836 | €46,602 | -€320,234 | -87.3% |
| Amounts payable within one year | 42/48 | €119,088 | €89,533 | -€29,555 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €47,827 | €48,584 | +€757 | +1.6% |
| Trade debts | 44 | €67,869 | €36,050 | -€31,819 | -46.9% |
| Suppliers | 440/4 | €67,869 | €36,050 | -€31,819 | -46.9% |
| Taxes, remuneration and social security | 45 | €2,322 | €3,829 | +€1,507 | +64.9% |
| Taxes | 450/3 | €2,322 | €3,829 | +€1,507 | +64.9% |
| Other amounts payable | 47/48 | €1,070 | €1,070 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,070 | €53,046 | -€1,024 | -1.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €153,439 | €0 | -€153,439 | -100% |
| Other operating charges | 640/8 | €10,794 | €12,113 | +€1,320 | +12.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €180,575 | €100,132 | -€80,444 | -44.5% |
| Operating profit (loss) | 9901 | -€37,727 | €34,972 | +€72,700 | |
| Financial income | 75/76B | €156,267 | €2,498 | -€153,768 | -98.4% |
| Recurring financial income | 75 | €156,267 | €2,498 | -€153,768 | -98.4% |
| Financial charges | 65/66B | €97,094 | €6,318 | -€90,776 | -93.5% |
| Recurring financial charges | 65 | €97,094 | €6,318 | -€90,776 | -93.5% |
| Profit (loss) for the period before taxes | 9903 | €21,445 | €31,153 | +€9,707 | +45.3% |
| Income taxes | 67/77 | €16,428 | €10,814 | -€5,614 | -34.2% |
| Profit (loss) for the period | 9904 | €5,017 | €20,339 | +€15,322 | +305% |
| Profit (loss) for the period to be appropriated | 9905 | €5,017 | €20,339 | +€15,322 | +305% |
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 30 October 2026 via checked.be.