ESNW: 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.
ESNW
Largest movements
- Cash -€6,358
down €6,358 (-13.8%), from €46,120 to €39,762
mainly Contributions, distributions and other (-€41,000) and Short-term financial debts (-€8,500)
- Receivables within one year +€3,501
up €3,501 (+58.6%), from €5,976 to €9,477
of which Other amounts receivable: +€4,591
- Tangible fixed assets -€3,293
down €3,293 (-14.6%), from €22,538 to €19,245
of which Leasing and similar rights: -€5,205
- Receivables after one year -€2,400
down €2,400 (-11.9%), from €20,200 to €17,800
- Other debts +€27,742
up €27,742 (+850.8%), from €3,261 to €31,003
- Profit (loss) carried forward -€21,194
down €21,194 (-63.4%), from €33,442 to €12,248
- Short-term financial debts -€8,500
no longer reported in 2025 (was €8,500)
- Debts after one year -€4,911
down €4,911 (-28.4%), from €17,279 to €12,368
- Tax, wage and social debts -€1,852
down €1,852 (-23.1%), from €8,002 to €6,150
- Taxes +€3,235
up €3,235 (+42.9%), from €7,546 to €10,782
- Other operating charges -€1,104
down €1,104 (-37.6%), from €2,936 to €1,832
- Depreciation +€916
up €916 (+18.0%), from €5,080 to €5,996
- Financial income -€592
down €592 (-81.5%), from €726 to €134
- Gross operating margin +€453
up €453 (+1.1%), from €39,511 to €39,964
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 | €95,693 | €87,060 | -€8,633 | -9.0% |
| Fixed assets | 21/28 | €22,538 | €19,245 | -€3,293 | -14.6% |
| Tangible fixed assets | 22/27 | €22,538 | €19,245 | -€3,293 | -14.6% |
| Furniture and vehicles | 24 | €1,235 | €1,927 | +€693 | +56.1% |
| Leasing and similar rights | 25 | €21,303 | €16,098 | -€5,205 | -24.4% |
| Other tangible fixed assets | 26 | - | €1,219 | +€1,219 | |
| Current assets | 29/58 | €73,155 | €67,815 | -€5,340 | -7.3% |
| Amounts receivable after more than one year | 29 | €20,200 | €17,800 | -€2,400 | -11.9% |
| Other amounts receivable | 291 | €20,200 | €17,800 | -€2,400 | -11.9% |
| Amounts receivable within one year | 40/41 | €5,976 | €9,477 | +€3,501 | +58.6% |
| Trade receivables | 40 | €2,622 | €1,532 | -€1,090 | -41.6% |
| Other amounts receivable | 41 | €3,354 | €7,945 | +€4,591 | +136.9% |
| Cash at bank and in hand | 54/58 | €46,120 | €39,762 | -€6,358 | -13.8% |
| Deferred charges and accrued income | 490/1 | €859 | €776 | -€83 | -9.6% |
| Total equity and liabilities | 10/49 | €95,693 | €87,060 | -€8,633 | -9.0% |
| Equity | 10/15 | €52,042 | €30,848 | -€21,194 | -40.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,442 | €12,248 | -€21,194 | -63.4% |
| Amounts payable | 17/49 | €43,652 | €56,212 | +€12,561 | +28.8% |
| Amounts payable after more than one year | 17 | €17,279 | €12,368 | -€4,911 | -28.4% |
| Financial debts | 170/4 | €17,279 | €12,368 | -€4,911 | -28.4% |
| Amounts payable within one year | 42/48 | €26,372 | €43,844 | +€17,472 | +66.3% |
| Current portion of amounts payable after more than one year | 42 | €4,669 | €4,911 | +€243 | +5.2% |
| Financial debts | 43 | €8,500 | - | -€8,500 | |
| Credit institutions | 430/8 | €8,500 | - | -€8,500 | |
| Trade debts | 44 | €1,941 | €1,780 | -€161 | -8.3% |
| Suppliers | 440/4 | €1,941 | €1,780 | -€161 | -8.3% |
| Taxes, remuneration and social security | 45 | €8,002 | €6,150 | -€1,852 | -23.1% |
| Taxes | 450/3 | €8,002 | €6,150 | -€1,852 | -23.1% |
| Other amounts payable | 47/48 | €3,261 | €31,003 | +€27,742 | +850.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,080 | €5,996 | +€916 | +18.0% |
| Other operating charges | 640/8 | €2,936 | €1,832 | -€1,104 | -37.6% |
| Gross operating margin | 9900 | €39,511 | €39,964 | +€453 | +1.1% |
| Operating profit (loss) | 9901 | €31,495 | €32,136 | +€641 | +2.0% |
| Financial income | 75/76B | €726 | €134 | -€592 | -81.5% |
| Recurring financial income | 75 | €726 | €134 | -€592 | -81.5% |
| Financial charges | 65/66B | €1,406 | €1,682 | +€276 | +19.6% |
| Recurring financial charges | 65 | €1,406 | €1,682 | +€276 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | €30,814 | €30,588 | -€227 | -0.7% |
| Income taxes | 67/77 | €7,546 | €10,782 | +€3,235 | +42.9% |
| Profit (loss) for the period | 9904 | €23,268 | €19,806 | -€3,462 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,268 | €19,806 | -€3,462 | -14.9% |
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 10 October 2026 via checked.be.