ESO: 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
ESO
NACE 73.300, Public relations and communication consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€19,652
2024 · €69,130-€49,477
Equity
€1.4m
2024 · €1.4m+€19,652
Cash
€3,144
2024 · €8+€3,136
Balance sheet total
€1.5m
2024 · €1.6m-€37,166
Largest movements
Assets
- Receivables within one year -€42,840
down €42,840 (-59.4%), from €72,112 to €29,272
of which Trade receivables: -€58,030
Equity and liabilities
- Short-term financial debts -€25,700
down €25,700 (-87.0%), from €29,536 to €3,836
- Reserves +€19,652
up €19,652 (+9.0%), from €217,212 to €236,864
of which Distributable reserves: +€19,652
Income statement
- Gross operating margin -€25,673
down €25,673 (-35.7%), from €71,857 to €46,184
- Financial income -€17,708
down €17,708 (-41.1%), from €43,036 to €25,328
- Other operating charges +€17,197
up €17,197 (+406%), from €4,236 to €21,433
- Taxes -€9,418
down €9,418 (-46.3%), from €20,363 to €10,945
- Financial charges -€1,684
down €1,684 (-12.4%), from €13,618 to €11,934
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
€69,130
Gross operating margin
-€25,673
Depreciation
-€0
Other operating charges
-€17,197
Financial income
-€17,708
Financial charges
+€1,684
Taxes
+€9,418
Result 2025
€19,652
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
+€30,107
Investment
€0
Financing
-€26,971
Cash 2024
€8
From operations (derived)
+€30,107
Net result for the year
+€19,652
Depreciation
+€7,547
Receivables after one year
-€11,622
Receivables within one year
+€42,840
Deferred charges and accrued income
+€1,536
Trade debts
-€6,591
Tax, wage and social debts
-€10,151
Other debts
-€12,244
Accrued charges and deferred income
-€861
Financing
-€26,971
Debts after one year
-€8,347
Current portion of long-term debt
+€7,076
Short-term financial debts
-€25,700
Cash 2025
€3,144
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,565,215 | €1,528,049 | -€37,166 | -2.4% |
| Fixed assets | 21/28 | €1,422,922 | €1,415,375 | -€7,547 | -0.5% |
| Tangible fixed assets | 22/27 | €14,385 | €6,838 | -€7,547 | -52.5% |
| Land and buildings | 22 | €11,977 | €5,649 | -€6,328 | -52.8% |
| Other tangible fixed assets | 26 | €2,408 | €1,189 | -€1,219 | -50.6% |
| Financial fixed assets | 28 | €1,408,537 | €1,408,537 | = | 0.0% |
| Current assets | 29/58 | €142,293 | €112,674 | -€29,619 | -20.8% |
| Amounts receivable after more than one year | 29 | €68,000 | €79,622 | +€11,622 | +17.1% |
| Other amounts receivable | 291 | €68,000 | €79,622 | +€11,622 | +17.1% |
| Amounts receivable within one year | 40/41 | €72,112 | €29,272 | -€42,840 | -59.4% |
| Trade receivables | 40 | €72,112 | €14,082 | -€58,030 | -80.5% |
| Other amounts receivable | 41 | €0 | €15,190 | +€15,190 | |
| Cash at bank and in hand | 54/58 | €8 | €3,144 | +€3,136 | +37,376% |
| Deferred charges and accrued income | 490/1 | €2,172 | €636 | -€1,536 | -70.7% |
| Total equity and liabilities | 10/49 | €1,565,215 | €1,528,049 | -€37,166 | -2.4% |
| Equity | 10/15 | €1,398,229 | €1,417,881 | +€19,652 | +1.4% |
| Contributions | 10/11 | €1,088,550 | €1,088,550 | = | 0.0% |
| Reserves | 13 | €217,212 | €236,864 | +€19,652 | +9.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €217,212 | €236,864 | +€19,652 | +9.0% |
| Profit (loss) carried forward | 14 | €92,467 | €92,467 | = | 0.0% |
| Amounts payable | 17/49 | €166,986 | €110,167 | -€56,818 | -34.0% |
| Amounts payable after more than one year | 17 | €71,615 | €63,268 | -€8,347 | -11.7% |
| Financial debts | 170/4 | €71,615 | €63,268 | -€8,347 | -11.7% |
| Amounts payable within one year | 42/48 | €94,510 | €46,899 | -€47,611 | -50.4% |
| Current portion of amounts payable after more than one year | 42 | €23,155 | €30,231 | +€7,076 | +30.6% |
| Financial debts | 43 | €29,536 | €3,836 | -€25,700 | -87.0% |
| Credit institutions | 430/8 | €29,536 | €3,836 | -€25,700 | -87.0% |
| Trade debts | 44 | €13,037 | €6,446 | -€6,591 | -50.6% |
| Suppliers | 440/4 | €13,037 | €6,446 | -€6,591 | -50.6% |
| Taxes, remuneration and social security | 45 | €16,538 | €6,386 | -€10,151 | -61.4% |
| Taxes | 450/3 | €16,538 | €6,386 | -€10,151 | -61.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €12,244 | €0 | -€12,244 | -100% |
| Accrued charges and deferred income | 492/3 | €861 | €0 | -€861 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,547 | €7,547 | +€0 | 0.0% |
| Other operating charges | 640/8 | €4,236 | €21,433 | +€17,197 | +406% |
| Gross operating margin | 9900 | €71,857 | €46,184 | -€25,673 | -35.7% |
| Operating profit (loss) | 9901 | €60,074 | €17,204 | -€42,870 | -71.4% |
| Financial income | 75/76B | €43,036 | €25,328 | -€17,708 | -41.1% |
| Recurring financial income | 75 | €43,036 | €25,328 | -€17,708 | -41.1% |
| Financial charges | 65/66B | €13,618 | €11,934 | -€1,684 | -12.4% |
| Recurring financial charges | 65 | €13,618 | €11,934 | -€1,684 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €89,492 | €30,597 | -€58,895 | -65.8% |
| Income taxes | 67/77 | €20,363 | €10,945 | -€9,418 | -46.3% |
| Profit (loss) for the period | 9904 | €69,130 | €19,652 | -€49,477 | -71.6% |
| Profit (loss) for the period to be appropriated | 9905 | €69,130 | €19,652 | -€49,477 | -71.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.