ESO-construct: 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.
ESO-construct
Largest movements
- Cash -€34,566
down €34,566 (-28.4%), from €121,877 to €87,311
mainly Contributions, distributions and other (-€27,868) and Trade debts (-€19,470)
- Receivables within one year +€1,611
up €1,611 (+89.9%), from €1,792 to €3,403
- Deferred charges and accrued income -€1,428
down €1,428 (-79.3%), from €1,800 to €372
- Trade debts -€19,470
down €19,470 (-97.8%), from €19,911 to €441
- Reserves -€16,471
down €16,471 (-21.2%), from €77,823 to €61,352
- Tax, wage and social debts +€4,540
up €4,540 (+118.5%), from €3,832 to €8,373
- Other debts -€2,982
down €2,982 (-51.8%), from €5,757 to €2,775
- Gross operating margin +€6,006
up €6,006 (+49.7%), from €12,089 to €18,095
- Taxes +€1,795
up €1,795 (+46.0%), from €3,901 to €5,696
- Other operating charges -€300
down €300 (-26.4%), from €1,139 to €839
- Financial charges -€265
down €265 (-40.2%), from €660 to €394
- Financial income +€225
up €225 (+4164.0%), from €5 to €231
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 | €125,924 | €91,541 | -€34,383 | -27.3% |
| Fixed assets | 21/28 | €455 | €455 | = | 0.0% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €125,469 | €91,086 | -€34,383 | -27.4% |
| Amounts receivable within one year | 40/41 | €1,792 | €3,403 | +€1,611 | +89.9% |
| Trade receivables | 40 | €1,792 | €3,403 | +€1,611 | +89.9% |
| Cash at bank and in hand | 54/58 | €121,877 | €87,311 | -€34,566 | -28.4% |
| Deferred charges and accrued income | 490/1 | €1,800 | €372 | -€1,428 | -79.3% |
| Total equity and liabilities | 10/49 | €125,924 | €91,541 | -€34,383 | -27.3% |
| Equity | 10/15 | €96,423 | €79,952 | -€16,471 | -17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €77,823 | €61,352 | -€16,471 | -21.2% |
| Distributable reserves | 133 | €77,823 | €61,352 | -€16,471 | -21.2% |
| Amounts payable | 17/49 | €29,501 | €11,589 | -€17,912 | -60.7% |
| Amounts payable within one year | 42/48 | €29,501 | €11,589 | -€17,912 | -60.7% |
| Trade debts | 44 | €19,911 | €441 | -€19,470 | -97.8% |
| Suppliers | 440/4 | €19,911 | €441 | -€19,470 | -97.8% |
| Taxes, remuneration and social security | 45 | €3,832 | €8,373 | +€4,540 | +118.5% |
| Taxes | 450/3 | €3,832 | €8,373 | +€4,540 | +118.5% |
| Other amounts payable | 47/48 | €5,757 | €2,775 | -€2,982 | -51.8% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Other operating charges | 640/8 | €1,139 | €839 | -€300 | -26.4% |
| Gross operating margin | 9900 | €12,089 | €18,095 | +€6,006 | +49.7% |
| Operating profit (loss) | 9901 | €10,950 | €17,256 | +€6,307 | +57.6% |
| Financial income | 75/76B | €5 | €231 | +€225 | +4164.0% |
| Recurring financial income | 75 | €5 | €231 | +€225 | +4164.0% |
| Financial charges | 65/66B | €660 | €394 | -€265 | -40.2% |
| Recurring financial charges | 65 | €660 | €394 | -€265 | -40.2% |
| Profit (loss) for the period before taxes | 9903 | €10,295 | €17,092 | +€6,797 | +66.0% |
| Income taxes | 67/77 | €3,901 | €5,696 | +€1,795 | +46.0% |
| Profit (loss) for the period | 9904 | €6,394 | €11,397 | +€5,002 | +78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,394 | €11,397 | +€5,002 | +78.2% |
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 7 October 2026 via checked.be.