ESOLUTIONS: 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.
ESOLUTIONS
Largest movements
- Tangible fixed assets +€95,663
up €95,663 (+40.2%), from €238,135 to €333,798
of which Land and buildings: +€96,194
- Cash -€16,655
down €16,655 (-76.0%), from €21,921 to €5,266
mainly Investment in fixed assets (net) (-€97,827) and Other debts (-€28,914)
- Current investments +€9,000
new in 2025: €9,000
- Receivables within one year +€7,842
up €7,842 (+874%), from €897 to €8,739
of which Other amounts receivable: +€7,116
- Debts after one year +€69,585
new in 2025: €69,585
of which Financial debts: +€69,403
- Reserves +€34,223
up €34,223 (+18.6%), from €184,221 to €218,444
of which Distributable reserves: +€34,223
- Other debts -€28,914
down €28,914 (-97.2%), from €29,747 to €833
- Tax, wage and social debts +€9,397
up €9,397 (+43.0%), from €21,872 to €31,269
- Current portion of long-term debt +€8,519
new in 2025: €8,519
- Gross operating margin -€79,087
down €79,087 (-50.7%), from €156,002 to €76,915
- Taxes -€33,546
down €33,546 (-69.6%), from €48,205 to €14,658
- Other operating charges +€18,005
up €18,005 (+4,648%), from €387 to €18,392
- Financial charges +€3,131
up €3,131 (+221%), from €1,416 to €4,547
- Depreciation +€1,870
up €1,870 (+81.5%), from €2,295 to €4,165
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,903 | €369,911 | +€94,008 | +34.1% |
| Fixed assets | 21/28 | €248,160 | €341,823 | +€93,663 | +37.7% |
| Tangible fixed assets | 22/27 | €238,135 | €333,798 | +€95,663 | +40.2% |
| Land and buildings | 22 | - | €96,194 | +€96,194 | |
| Furniture and vehicles | 24 | €4,332 | €1,338 | -€2,994 | -69.1% |
| Other tangible fixed assets | 26 | €233,803 | €236,266 | +€2,463 | +1.1% |
| Financial fixed assets | 28 | €10,025 | €8,025 | -€2,000 | -20.0% |
| Current assets | 29/58 | €27,743 | €28,088 | +€345 | +1.2% |
| Amounts receivable within one year | 40/41 | €897 | €8,739 | +€7,842 | +874% |
| Trade receivables | 40 | - | €726 | +€726 | |
| Other amounts receivable | 41 | €897 | €8,013 | +€7,116 | +793% |
| Current investments | 50/53 | - | €9,000 | +€9,000 | |
| Cash at bank and in hand | 54/58 | €21,921 | €5,266 | -€16,655 | -76.0% |
| Deferred charges and accrued income | 490/1 | €4,925 | €5,083 | +€158 | +3.2% |
| Total equity and liabilities | 10/49 | €275,903 | €369,911 | +€94,008 | +34.1% |
| Equity | 10/15 | €224,221 | €258,444 | +€34,223 | +15.3% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €184,221 | €218,444 | +€34,223 | +18.6% |
| Non-distributable reserves | 130/1 | €4,000 | €4,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,000 | €4,000 | = | 0.0% |
| Distributable reserves | 133 | €180,221 | €214,444 | +€34,223 | +19.0% |
| Amounts payable | 17/49 | €51,682 | €111,467 | +€59,785 | +116% |
| Amounts payable after more than one year | 17 | - | €69,585 | +€69,585 | |
| Financial debts | 170/4 | - | €69,403 | +€69,403 | |
| Other amounts payable | 178/9 | - | €182 | +€182 | |
| Amounts payable within one year | 42/48 | €51,682 | €41,259 | -€10,423 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | - | €8,519 | +€8,519 | |
| Trade debts | 44 | €63 | €638 | +€575 | +912% |
| Suppliers | 440/4 | €63 | €638 | +€575 | +912% |
| Taxes, remuneration and social security | 45 | €21,872 | €31,269 | +€9,397 | +43.0% |
| Taxes | 450/3 | €21,872 | €31,269 | +€9,397 | +43.0% |
| Other amounts payable | 47/48 | €29,747 | €833 | -€28,914 | -97.2% |
| Accrued charges and deferred income | 492/3 | - | €623 | +€623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,295 | €4,165 | +€1,870 | +81.5% |
| Other operating charges | 640/8 | €387 | €18,392 | +€18,005 | +4,648% |
| Non-recurring operating charges | 66A | - | €635 | +€635 | |
| Gross operating margin | 9900 | €156,002 | €76,915 | -€79,087 | -50.7% |
| Operating profit (loss) | 9901 | €153,320 | €53,723 | -€99,597 | -65.0% |
| Financial income | 75/76B | €18 | €538 | +€520 | +2,964% |
| Recurring financial income | 75 | €18 | €538 | +€520 | +2,964% |
| Financial charges | 65/66B | €1,416 | €4,547 | +€3,131 | +221% |
| Recurring financial charges | 65 | €1,416 | €4,547 | +€3,131 | +221% |
| Profit (loss) for the period before taxes | 9903 | €151,922 | €49,714 | -€102,207 | -67.3% |
| Income taxes | 67/77 | €48,205 | €14,658 | -€33,546 | -69.6% |
| Profit (loss) for the period | 9904 | €103,717 | €35,056 | -€68,661 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €103,717 | €35,056 | -€68,661 | -66.2% |
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 16 October 2026 via checked.be.