ESMA: what changed
What changed
ESMA
NACE 43.110, Demolition
filed annual accounts (NBB)
Net result for the year
-€1,609
2024 · €657-€2,265
Equity
€260,404
2024 · €262,013-€1,609
Cash
€7,243
2024 · €957+€6,286
Balance sheet total
€405,297
2024 · €396,155+€9,141
Largest movements
Assets
- Tangible fixed assets +€19,787
up €19,787 (+6.5%), from €304,096 to €323,882
of which Land and buildings: +€34,980
- Receivables within one year -€17,610
down €17,610 (-22.6%), from €78,072 to €60,462
of which Trade receivables: -€22,791
- Stocks and contracts +€10,000
new in 2025: €10,000
- Deferred charges and accrued income -€9,322
down €9,322 (-72.6%), from €12,836 to €3,514
- Cash +€6,286
up €6,286 (+657%), from €957 to €7,243
mainly Depreciation (+€26,418) and Receivables within one year (+€17,610)
Equity and liabilities
- Tax, wage and social debts +€14,864
up €14,864 (+520%), from €2,857 to €17,721
of which Remuneration and social security: +€11,218
- Trade debts -€7,899
down €7,899 (-47.6%), from €16,581 to €8,683
Income statement
- Gross operating margin -€12,850
down €12,850 (-7.3%), from €175,277 to €162,427
- Staff costs -€5,559
down €5,559 (-4.5%), from €123,466 to €117,907
- Other operating charges -€5,515
down €5,515 (-36.5%), from €15,107 to €9,591
- Depreciation +€4,064
up €4,064 (+18.2%), from €22,354 to €26,418
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
€657
Gross operating margin
-€12,850
Staff costs
+€5,559
Depreciation
-€4,064
Other operating charges
+€5,515
Other operating items
+€3,083
Financial income
+€242
Financial charges
-€498
Taxes
+€748
Result 2025
-€1,609
raises the resultlowers the resultnot broken down further in the accounts
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
+€52,491
Investment
-€46,204
Financing
€0
Cash 2024
€957
From operations (derived)
+€52,491
Net result for the year
-€1,609
Depreciation
+€26,418
Stocks and contracts
-€10,000
Receivables within one year
+€17,610
Deferred charges and accrued income
+€9,322
Provisions
-€240
Trade debts
-€7,899
Tax, wage and social debts
+€14,864
Other debts
+€3,797
Accrued charges and deferred income
+€228
Investment (derived)
-€46,204
Investment in fixed assets (net)
-€46,204
Cash 2025
€7,243
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €396,155 | €405,297 | +€9,141 | +2.3% |
| Fixed assets | 21/28 | €304,291 | €324,077 | +€19,787 | +6.5% |
| Tangible fixed assets | 22/27 | €304,096 | €323,882 | +€19,787 | +6.5% |
| Land and buildings | 22 | €242,924 | €277,905 | +€34,980 | +14.4% |
| Plant, machinery and equipment | 23 | €3,214 | €2,755 | -€459 | -14.3% |
| Furniture and vehicles | 24 | €57,957 | €43,223 | -€14,734 | -25.4% |
| Financial fixed assets | 28 | €195 | €195 | = | 0.0% |
| Current assets | 29/58 | €91,865 | €81,219 | -€10,645 | -11.6% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €78,072 | €60,462 | -€17,610 | -22.6% |
| Trade receivables | 40 | €70,439 | €47,647 | -€22,791 | -32.4% |
| Other amounts receivable | 41 | €7,634 | €12,815 | +€5,182 | +67.9% |
| Cash at bank and in hand | 54/58 | €957 | €7,243 | +€6,286 | +657% |
| Deferred charges and accrued income | 490/1 | €12,836 | €3,514 | -€9,322 | -72.6% |
| Total equity and liabilities | 10/49 | €396,155 | €405,297 | +€9,141 | +2.3% |
| Equity | 10/15 | €262,013 | €260,404 | -€1,609 | -0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €243,413 | €241,804 | -€1,609 | -0.7% |
| Tax-exempt reserves | 132 | €14,159 | €13,255 | -€904 | -6.4% |
| Distributable reserves | 133 | €229,254 | €228,549 | -€705 | -0.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €3,764 | €3,524 | -€240 | -6.4% |
| Deferred taxes | 168 | €3,764 | €3,524 | -€240 | -6.4% |
| Amounts payable | 17/49 | €130,379 | €141,369 | +€10,990 | +8.4% |
| Amounts payable after more than one year | 17 | €90,000 | €90,000 | = | 0.0% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,379 | €51,141 | +€10,762 | +26.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €16,581 | €8,683 | -€7,899 | -47.6% |
| Suppliers | 440/4 | €16,581 | €8,683 | -€7,899 | -47.6% |
| Taxes, remuneration and social security | 45 | €2,857 | €17,721 | +€14,864 | +520% |
| Taxes | 450/3 | €154 | €3,800 | +€3,646 | +2,370% |
| Remuneration and social security | 454/9 | €2,703 | €13,921 | +€11,218 | +415% |
| Other amounts payable | 47/48 | €20,940 | €24,737 | +€3,797 | +18.1% |
| Accrued charges and deferred income | 492/3 | €0 | €228 | +€228 | |
| Non-recurring operating income | 76A | €10,000 | €0 | -€10,000 | -100% |
| Remuneration, social security and pensions | 62 | €123,466 | €117,907 | -€5,559 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,354 | €26,418 | +€4,064 | +18.2% |
| Other operating charges | 640/8 | €15,107 | €9,591 | -€5,515 | -36.5% |
| Non-recurring operating charges | 66A | €3,083 | €0 | -€3,083 | -100% |
| Gross operating margin | 9900 | €175,277 | €162,427 | -€12,850 | -7.3% |
| Operating profit (loss) | 9901 | €11,268 | €8,511 | -€2,757 | -24.5% |
| Financial income | 75/76B | - | €242 | +€242 | |
| Recurring financial income | 75 | - | €242 | +€242 | |
| Financial charges | 65/66B | €6,797 | €7,295 | +€498 | +7.3% |
| Recurring financial charges | 65 | €6,797 | €7,295 | +€498 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €4,471 | €1,458 | -€3,013 | -67.4% |
| Transfer from deferred taxes | 780 | €240 | €240 | = | 0.0% |
| Income taxes | 67/77 | €4,054 | €3,306 | -€748 | -18.4% |
| Profit (loss) for the period | 9904 | €657 | -€1,609 | -€2,265 | |
| Transfer from tax-exempt reserves | 789 | €904 | €904 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,561 | -€705 | -€2,265 |
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 6 November 2026 via checked.be.