ESOPUS: 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.
ESOPUS
Largest movements
- Receivables within one year +€69,740
up €69,740 (+54.1%), from €128,881 to €198,621
of which Other amounts receivable: +€64,436
- Cash -€37,852
no longer reported in 2025 (was €37,852)
mainly Receivables within one year (-€69,740) and Contributions, distributions and other (-€4,548)
- Intangible fixed assets -€6,213
down €6,213 (-66.1%), from €9,396 to €3,183
- Trade debts +€19,321
up €19,321 (+155.0%), from €12,466 to €31,787
- Reserves +€3,673
up €3,673 (+2.5%), from €146,632 to €150,305
- Tax, wage and social debts +€3,180
new in 2025: €3,180
- Gross operating margin +€7,511
up €7,511 (+97.3%), from €7,715 to €15,226
- Taxes +€1,258
up €1,258 (+57.5%), from €2,189 to €3,447
- Financial charges -€172
down €172 (-27.8%), from €617 to €445
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 | €177,848 | €204,022 | +€26,174 | +14.7% |
| Fixed assets | 21/28 | €9,396 | €3,183 | -€6,213 | -66.1% |
| Intangible fixed assets | 21 | €9,396 | €3,183 | -€6,213 | -66.1% |
| Current assets | 29/58 | €168,452 | €200,839 | +€32,387 | +19.2% |
| Amounts receivable within one year | 40/41 | €128,881 | €198,621 | +€69,740 | +54.1% |
| Trade receivables | 40 | €6,777 | €12,081 | +€5,304 | +78.3% |
| Other amounts receivable | 41 | €122,105 | €186,540 | +€64,436 | +52.8% |
| Cash at bank and in hand | 54/58 | €37,852 | - | -€37,852 | |
| Deferred charges and accrued income | 490/1 | €1,719 | €2,218 | +€499 | +29.0% |
| Total equity and liabilities | 10/49 | €177,848 | €204,022 | +€26,174 | +14.7% |
| Equity | 10/15 | €165,382 | €169,055 | +€3,673 | +2.2% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €146,632 | €150,305 | +€3,673 | +2.5% |
| Distributable reserves | 133 | €146,632 | €150,305 | +€3,673 | +2.5% |
| Amounts payable | 17/49 | €12,466 | €34,967 | +€22,501 | +180.5% |
| Amounts payable within one year | 42/48 | €12,466 | €34,967 | +€22,501 | +180.5% |
| Trade debts | 44 | €12,466 | €31,787 | +€19,321 | +155.0% |
| Suppliers | 440/4 | €12,466 | €31,787 | +€19,321 | +155.0% |
| Taxes, remuneration and social security | 45 | - | €3,180 | +€3,180 | |
| Taxes | 450/3 | - | €3,180 | +€3,180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,213 | €6,213 | = | 0.0% |
| Other operating charges | 640/8 | €446 | €449 | +€3 | +0.6% |
| Gross operating margin | 9900 | €7,715 | €15,226 | +€7,511 | +97.3% |
| Operating profit (loss) | 9901 | €1,056 | €8,563 | +€7,508 | +711.1% |
| Financial income | 75/76B | €3,404 | €3,550 | +€146 | +4.3% |
| Recurring financial income | 75 | €3,404 | €3,550 | +€146 | +4.3% |
| Financial charges | 65/66B | €617 | €445 | -€172 | -27.8% |
| Recurring financial charges | 65 | €617 | €445 | -€172 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | €3,842 | €11,668 | +€7,826 | +203.7% |
| Income taxes | 67/77 | €2,189 | €3,447 | +€1,258 | +57.5% |
| Profit (loss) for the period | 9904 | €1,654 | €8,221 | +€6,567 | +397.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,654 | €8,221 | +€6,567 | +397.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.