Esmeo: 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.
Esmeo
Largest movements
- Tangible fixed assets -€18,863
down €18,863 (-71.2%), from €26,511 to €7,648
- Cash +€10,591
up €10,591 (+69.6%), from €15,208 to €25,799
mainly Investment in fixed assets (net) (+€16,439) and Net result for the year (+€9,643)
- Receivables within one year +€3,093
up €3,093 (+79.2%), from €3,907 to €7,000
of which Other amounts receivable: +€2,279
- Current portion of long-term debt -€7,647
down €7,647 (-83.1%), from €9,200 to €1,553
- Other debts +€3,110
up €3,110 (+18.3%), from €17,027 to €20,137
- Debts after one year -€1,553
no longer reported in 2025 (was €1,553)
- Trade debts +€1,453
up €1,453 (+205.5%), from €707 to €2,160
- Gross operating margin -€13,773
down €13,773 (-43.6%), from €31,556 to €17,784
- Depreciation -€5,314
down €5,314 (-68.7%), from €7,738 to €2,424
- Taxes -€2,891
down €2,891 (-43.2%), from €6,699 to €3,808
- Other operating charges +€409
up €409 (+41.4%), from €989 to €1,399
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 | €62,518 | €57,786 | -€4,732 | -7.6% |
| Fixed assets | 21/28 | €26,511 | €7,648 | -€18,863 | -71.2% |
| Tangible fixed assets | 22/27 | €26,511 | €7,648 | -€18,863 | -71.2% |
| Furniture and vehicles | 24 | €26,511 | €7,648 | -€18,863 | -71.2% |
| Current assets | 29/58 | €36,007 | €50,138 | +€14,131 | +39.2% |
| Stocks and contracts in progress | 3 | €16,892 | €17,339 | +€447 | +2.6% |
| Stocks | 30/36 | €16,892 | €17,339 | +€447 | +2.6% |
| Amounts receivable within one year | 40/41 | €3,907 | €7,000 | +€3,093 | +79.2% |
| Trade receivables | 40 | €3,854 | €4,669 | +€814 | +21.1% |
| Other amounts receivable | 41 | €53 | €2,332 | +€2,279 | +4315.5% |
| Cash at bank and in hand | 54/58 | €15,208 | €25,799 | +€10,591 | +69.6% |
| Total equity and liabilities | 10/49 | €62,518 | €57,786 | -€4,732 | -7.6% |
| Equity | 10/15 | €31,705 | €31,705 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €29,705 | €29,705 | = | 0.0% |
| Distributable reserves | 133 | €29,705 | €29,705 | = | 0.0% |
| Amounts payable | 17/49 | €30,813 | €26,081 | -€4,732 | -15.4% |
| Amounts payable after more than one year | 17 | €1,553 | - | -€1,553 | |
| Financial debts | 170/4 | €1,553 | - | -€1,553 | |
| Amounts payable within one year | 42/48 | €29,260 | €26,081 | -€3,178 | -10.9% |
| Current portion of amounts payable after more than one year | 42 | €9,200 | €1,553 | -€7,647 | -83.1% |
| Financial debts | 43 | - | €452 | +€452 | |
| Credit institutions | 430/8 | - | €452 | +€452 | |
| Trade debts | 44 | €707 | €2,160 | +€1,453 | +205.5% |
| Suppliers | 440/4 | €707 | €2,160 | +€1,453 | +205.5% |
| Taxes, remuneration and social security | 45 | €2,326 | €1,779 | -€546 | -23.5% |
| Taxes | 450/3 | €2,326 | €1,779 | -€546 | -23.5% |
| Other amounts payable | 47/48 | €17,027 | €20,137 | +€3,110 | +18.3% |
| Non-recurring operating income | 76A | - | €5,561 | +€5,561 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,738 | €2,424 | -€5,314 | -68.7% |
| Other operating charges | 640/8 | €989 | €1,399 | +€409 | +41.4% |
| Gross operating margin | 9900 | €31,556 | €17,784 | -€13,773 | -43.6% |
| Operating profit (loss) | 9901 | €22,829 | €13,961 | -€8,868 | -38.8% |
| Financial income | 75/76B | €18 | €23 | +€5 | +29.2% |
| Recurring financial income | 75 | €18 | €23 | +€5 | +29.2% |
| Financial charges | 65/66B | €719 | €533 | -€186 | -25.8% |
| Recurring financial charges | 65 | €719 | €533 | -€186 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €22,128 | €13,451 | -€8,677 | -39.2% |
| Income taxes | 67/77 | €6,699 | €3,808 | -€2,891 | -43.2% |
| Profit (loss) for the period | 9904 | €15,429 | €9,643 | -€5,786 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,429 | €9,643 | -€5,786 | -37.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.