ESNA: 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.
ESNA
Largest movements
- Cash -€35,089
down €35,089 (-68.8%), from €51,020 to €15,931
mainly Contributions, distributions and other (-€50,000) and Other debts (-€40,441)
- Receivables within one year +€26,848
up €26,848 (+159.1%), from €16,870 to €43,718
of which Other amounts receivable: +€26,431
- Stocks and contracts -€26,555
down €26,555 (-63.2%), from €42,022 to €15,467
- Tangible fixed assets -€11,130
down €11,130 (-11.1%), from €100,712 to €89,582
of which Furniture and vehicles: -€8,220
- Other debts -€40,441
down €40,441 (-33.1%), from €122,056 to €81,615
- Trade debts -€6,052
down €6,052 (-76.0%), from €7,963 to €1,911
- Tax, wage and social debts +€3,580
up €3,580 (+11.0%), from €32,533 to €36,113
of which Remuneration and social security: +€6,111
- Profit (loss) carried forward -€3,013
down €3,013 (-10.9%), from €27,612 to €24,599
- Gross operating margin -€95,269
down €95,269 (-44.2%), from €215,420 to €120,151
- Financial charges -€13,751
down €13,751 (-99.5%), from €13,824 to €73
of which Non-recurring financial charges: -€11,395
- Taxes -€11,250
down €11,250 (-22.8%), from €49,250 to €38,000
- Other operating charges -€9,128
down €9,128 (-70.0%), from €13,037 to €3,909
- Depreciation +€6,340
up €6,340 (+25.5%), from €24,862 to €31,202
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 | €210,624 | €164,698 | -€45,926 | -21.8% |
| Fixed assets | 21/28 | €100,712 | €89,582 | -€11,130 | -11.1% |
| Tangible fixed assets | 22/27 | €100,712 | €89,582 | -€11,130 | -11.1% |
| Land and buildings | 22 | €18,067 | €15,157 | -€2,910 | -16.1% |
| Furniture and vehicles | 24 | €82,645 | €74,425 | -€8,220 | -9.9% |
| Current assets | 29/58 | €109,912 | €75,116 | -€34,796 | -31.7% |
| Stocks and contracts in progress | 3 | €42,022 | €15,467 | -€26,555 | -63.2% |
| Stocks | 30/36 | €42,022 | €15,467 | -€26,555 | -63.2% |
| Amounts receivable within one year | 40/41 | €16,870 | €43,718 | +€26,848 | +159.1% |
| Trade receivables | 40 | €16,870 | €17,287 | +€417 | +2.5% |
| Other amounts receivable | 41 | - | €26,431 | +€26,431 | |
| Cash at bank and in hand | 54/58 | €51,020 | €15,931 | -€35,089 | -68.8% |
| Total equity and liabilities | 10/49 | €210,624 | €164,698 | -€45,926 | -21.8% |
| Equity | 10/15 | €48,072 | €45,059 | -€3,013 | -6.3% |
| Reserves | 13 | €20,460 | €20,460 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,460 | €20,460 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,612 | €24,599 | -€3,013 | -10.9% |
| Amounts payable | 17/49 | €162,552 | €119,639 | -€42,913 | -26.4% |
| Amounts payable within one year | 42/48 | €162,552 | €119,639 | -€42,913 | -26.4% |
| Trade debts | 44 | €7,963 | €1,911 | -€6,052 | -76.0% |
| Suppliers | 440/4 | €7,963 | €1,911 | -€6,052 | -76.0% |
| Taxes, remuneration and social security | 45 | €32,533 | €36,113 | +€3,580 | +11.0% |
| Taxes | 450/3 | €32,533 | €30,002 | -€2,531 | -7.8% |
| Remuneration and social security | 454/9 | - | €6,111 | +€6,111 | |
| Other amounts payable | 47/48 | €122,056 | €81,615 | -€40,441 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,862 | €31,202 | +€6,340 | +25.5% |
| Other operating charges | 640/8 | €13,037 | €3,909 | -€9,128 | -70.0% |
| Gross operating margin | 9900 | €215,420 | €120,151 | -€95,269 | -44.2% |
| Operating profit (loss) | 9901 | €177,521 | €85,040 | -€92,481 | -52.1% |
| Financial income | 75/76B | €54 | €20 | -€34 | -63.0% |
| Recurring financial income | 75 | €54 | €20 | -€34 | -63.0% |
| Financial charges | 65/66B | €13,824 | €73 | -€13,751 | -99.5% |
| Recurring financial charges | 65 | €2,429 | €73 | -€2,356 | -97.0% |
| Non-recurring financial charges | 66B | €11,395 | - | -€11,395 | |
| Profit (loss) for the period before taxes | 9903 | €163,751 | €84,987 | -€78,764 | -48.1% |
| Income taxes | 67/77 | €49,250 | €38,000 | -€11,250 | -22.8% |
| Profit (loss) for the period | 9904 | €114,501 | €46,987 | -€67,514 | -59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €114,501 | €46,987 | -€67,514 | -59.0% |
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 4 October 2026 via checked.be.