ESMOBEL: 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.
What changed
ESMOBEL
NACE 47.716, Retail sale of clothing and accessories for women, men, children and babies (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€944,462
2024 · €888,019+€56,443
Equity
€329,820
2024 · €345,358-€15,538
Cash
€872,535
2024 · €286,471+€586,064
Balance sheet total
€2.3m
2024 · €2.4m-€50,916
Largest movements
Assets
- Cash +€586,064
up €586,064 (+205%), from €286,471 to €872,535
mainly Net result for the year (+€944,462) and Receivables within one year (+€499,077)
- Receivables within one year -€499,077
down €499,077 (-34.2%), from €1.5m to €959,312
of which Other amounts receivable: -€431,099
- Tangible fixed assets -€158,596
down €158,596 (-72.5%), from €218,789 to €60,193
of which Plant, machinery and equipment: -€149,361
- Stocks and contracts +€27,913
up €27,913 (+6.6%), from €420,269 to €448,182
Equity and liabilities
- Other debts +€92,063
up €92,063 (+10.6%), from €868,012 to €960,075
- Tax, wage and social debts -€78,116
down €78,116 (-15.2%), from €512,652 to €434,536
of which Taxes: -€83,560
- Trade debts -€33,975
down €33,975 (-8.6%), from €396,322 to €362,348
Income statement
- Gross operating margin +€176,641
up €176,641 (+6.5%), from €2.7m to €2.9m
- Staff costs +€110,858
up €110,858 (+7.8%), from €1.4m to €1.5m
- Turnover +€107,385
up €107,385 (+1.6%), from €6.6m to €6.7m
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.
Result 2024
€888,019
Gross operating margin
+€176,641
Staff costs
-€110,858
Depreciation
+€342
Write-downs
-€15,301
Provisions
+€32,934
Other operating charges
-€665
Financial income
-€5,737
Financial charges
-€981
Taxes
-€19,933
Result 2025
€944,462
raises the resultlowers the result
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.
From operations
+€1.5m
Investment
€0
Financing
-€960,000
Cash 2024
€286,471
From operations (derived)
+€1.5m
Net result for the year
+€944,462
Depreciation
+€158,596
Stocks and contracts
-€27,913
Receivables within one year
+€499,077
Deferred charges and accrued income
+€7,219
Provisions
-€19,704
Trade debts
-€33,975
Tax, wage and social debts
-€78,116
Advances received
+€4,341
Other debts
+€92,063
Accrued charges and deferred income
+€12
Financing
-€960,000
Contributions, distributions and other
-€960,000
Cash 2025
€872,535
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,393,226 | €2,342,310 | -€50,916 | -2.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €218,885 | €60,288 | -€158,596 | -72.5% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €218,789 | €60,193 | -€158,596 | -72.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €193,369 | €44,008 | -€149,361 | -77.2% |
| Furniture and vehicles | 24 | €25,420 | €16,184 | -€9,236 | -36.3% |
| Financial fixed assets | 28 | €96 | €96 | = | 0.0% |
| Current assets | 29/58 | €2,174,341 | €2,282,022 | +€107,680 | +5.0% |
| Stocks and contracts in progress | 3 | €420,269 | €448,182 | +€27,913 | +6.6% |
| Stocks | 30/36 | €420,269 | €448,182 | +€27,913 | +6.6% |
| Amounts receivable within one year | 40/41 | €1,458,389 | €959,312 | -€499,077 | -34.2% |
| Trade receivables | 40 | €277,612 | €209,634 | -€67,978 | -24.5% |
| Other amounts receivable | 41 | €1,180,776 | €749,677 | -€431,099 | -36.5% |
| Cash at bank and in hand | 54/58 | €286,471 | €872,535 | +€586,064 | +205% |
| Deferred charges and accrued income | 490/1 | €9,213 | €1,994 | -€7,219 | -78.4% |
| Total equity and liabilities | 10/49 | €2,393,226 | €2,342,310 | -€50,916 | -2.1% |
| Equity | 10/15 | €345,358 | €329,820 | -€15,538 | -4.5% |
| Contributions | 10/11 | €248,000 | €248,000 | = | 0.0% |
| Capital | 10 | €248,000 | €248,000 | = | 0.0% |
| Issued capital | 100 | €248,000 | €248,000 | = | 0.0% |
| Reserves | 13 | €72,800 | €72,800 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,800 | €24,800 | = | 0.0% |
| Legal reserve | 130 | €24,800 | €24,800 | = | 0.0% |
| Distributable reserves | 133 | €48,000 | €48,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,558 | €9,020 | -€15,538 | -63.3% |
| Provisions and deferred taxes | 16 | €118,166 | €98,462 | -€19,704 | -16.7% |
| Provisions for liabilities and charges | 160/5 | €118,166 | €98,462 | -€19,704 | -16.7% |
| Environmental obligations | 163 | €118,166 | - | -€118,166 | |
| Other liabilities and charges | 164/5 | - | €98,462 | +€98,462 | |
| Amounts payable | 17/49 | €1,929,702 | €1,914,028 | -€15,674 | -0.8% |
| Amounts payable within one year | 42/48 | €1,929,628 | €1,913,941 | -€15,687 | -0.8% |
| Trade debts | 44 | €396,322 | €362,348 | -€33,975 | -8.6% |
| Suppliers | 440/4 | €396,322 | €362,348 | -€33,975 | -8.6% |
| Advances received on contracts in progress | 46 | €152,642 | €156,982 | +€4,341 | +2.8% |
| Taxes, remuneration and social security | 45 | €512,652 | €434,536 | -€78,116 | -15.2% |
| Taxes | 450/3 | €346,984 | €263,423 | -€83,560 | -24.1% |
| Remuneration and social security | 454/9 | €165,668 | €171,113 | +€5,445 | +3.3% |
| Other amounts payable | 47/48 | €868,012 | €960,075 | +€92,063 | +10.6% |
| Accrued charges and deferred income | 492/3 | €74 | €86 | +€12 | +16.5% |
| Turnover | 70 | €6,551,083 | €6,658,468 | +€107,385 | +1.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €4,547,605 | €4,611,796 | +€64,191 | +1.4% |
| Remuneration, social security and pensions | 62 | €1,426,279 | €1,537,137 | +€110,858 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €158,939 | €158,596 | -€342 | -0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€885 | €14,415 | +€15,301 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,231 | -€19,704 | -€32,934 | |
| Other operating charges | 640/8 | €20,869 | €21,535 | +€665 | +3.2% |
| Gross operating margin | 9900 | €2,719,188 | €2,895,829 | +€176,641 | +6.5% |
| Operating profit (loss) | 9901 | €1,100,756 | €1,183,850 | +€83,094 | +7.5% |
| Financial income | 75/76B | €96,598 | €90,861 | -€5,737 | -5.9% |
| Recurring financial income | 75 | €96,598 | €90,861 | -€5,737 | -5.9% |
| Financial charges | 65/66B | €9,283 | €10,264 | +€981 | +10.6% |
| Recurring financial charges | 65 | €9,283 | €10,264 | +€981 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €1,188,071 | €1,264,448 | +€76,376 | +6.4% |
| Income taxes | 67/77 | €300,053 | €319,986 | +€19,933 | +6.6% |
| Profit (loss) for the period | 9904 | €888,019 | €944,462 | +€56,443 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €888,019 | €944,462 | +€56,443 | +6.4% |
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 14 October 2026 via checked.be.