ESP: 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.
ESP
Largest movements
- Cash -€13,618
down €13,618 (-77.4%), from €17,593 to €3,975
mainly Net result for the year (-€16,069) and Other debts (-€10,755)
- Receivables within one year -€10,441
down €10,441 (-91.9%), from €11,361 to €920
of which Other amounts receivable: -€6,395
- Tangible fixed assets -€6,782
down €6,782 (-66.1%), from €10,266 to €3,484
of which Furniture and vehicles: -€4,363
- Stocks and contracts -€6,317
no longer reported in 2025 (was €6,317)
- Profit (loss) carried forward -€16,069
down €16,069 (-29.8%), from -€53,889 to -€69,958
- Other debts -€10,755
down €10,755 (-53.5%), from €20,088 to €9,333
- Tax, wage and social debts -€8,877
down €8,877 (-95.9%), from €9,258 to €381
of which Taxes: -€6,789
- Trade debts -€1,458
down €1,458 (-48.3%), from €3,021 to €1,563
- Staff costs -€26,196
down €26,196 (-65.7%), from €39,900 to €13,704
- Gross operating margin -€24,546
down €24,546 (-71.3%), from €34,424 to €9,878
- Other operating charges -€1,515
down €1,515 (-33.7%), from €4,489 to €2,974
- Financial charges -€1,023
down €1,023 (-29.4%), from €3,478 to €2,455
- Financial income -€533
down €533 (-60.4%), from €883 to €350
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 | €46,478 | €9,320 | -€37,159 | -79.9% |
| Fixed assets | 21/28 | €11,207 | €4,425 | -€6,782 | -60.5% |
| Tangible fixed assets | 22/27 | €10,266 | €3,484 | -€6,782 | -66.1% |
| Plant, machinery and equipment | 23 | €4,137 | €1,719 | -€2,419 | -58.5% |
| Furniture and vehicles | 24 | €6,128 | €1,765 | -€4,363 | -71.2% |
| Financial fixed assets | 28 | €941 | €941 | = | 0.0% |
| Current assets | 29/58 | €35,272 | €4,895 | -€30,377 | -86.1% |
| Stocks and contracts in progress | 3 | €6,317 | - | -€6,317 | |
| Stocks | 30/36 | €6,317 | - | -€6,317 | |
| Amounts receivable within one year | 40/41 | €11,361 | €920 | -€10,441 | -91.9% |
| Trade receivables | 40 | €4,047 | - | -€4,047 | |
| Other amounts receivable | 41 | €7,315 | €920 | -€6,395 | -87.4% |
| Cash at bank and in hand | 54/58 | €17,593 | €3,975 | -€13,618 | -77.4% |
| Total equity and liabilities | 10/49 | €46,478 | €9,320 | -€37,159 | -79.9% |
| Equity | 10/15 | €14,111 | -€1,958 | -€16,069 | |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Capital | 10 | €45,000 | €45,000 | = | 0.0% |
| Issued capital | 100 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €23,000 | €23,000 | = | 0.0% |
| Distributable reserves | 133 | €23,000 | €23,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,889 | -€69,958 | -€16,069 | -29.8% |
| Amounts payable | 17/49 | €32,368 | €11,278 | -€21,090 | -65.2% |
| Amounts payable within one year | 42/48 | €32,368 | €11,278 | -€21,090 | -65.2% |
| Trade debts | 44 | €3,021 | €1,563 | -€1,458 | -48.3% |
| Suppliers | 440/4 | €3,021 | €1,563 | -€1,458 | -48.3% |
| Taxes, remuneration and social security | 45 | €9,258 | €381 | -€8,877 | -95.9% |
| Taxes | 450/3 | €7,170 | €381 | -€6,789 | -94.7% |
| Remuneration and social security | 454/9 | €2,088 | - | -€2,088 | |
| Other amounts payable | 47/48 | €20,088 | €9,333 | -€10,755 | -53.5% |
| Remuneration, social security and pensions | 62 | €39,900 | €13,704 | -€26,196 | -65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,782 | €6,782 | = | 0.0% |
| Other operating charges | 640/8 | €4,489 | €2,974 | -€1,515 | -33.7% |
| Gross operating margin | 9900 | €34,424 | €9,878 | -€24,546 | -71.3% |
| Operating profit (loss) | 9901 | -€16,747 | -€13,582 | +€3,165 | +18.9% |
| Financial income | 75/76B | €883 | €350 | -€533 | -60.4% |
| Recurring financial income | 75 | €883 | €350 | -€533 | -60.4% |
| Financial charges | 65/66B | €3,478 | €2,455 | -€1,023 | -29.4% |
| Recurring financial charges | 65 | €3,478 | €2,455 | -€1,023 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,343 | -€15,687 | +€3,655 | +18.9% |
| Income taxes | 67/77 | €496 | €381 | -€115 | -23.1% |
| Profit (loss) for the period | 9904 | -€19,839 | -€16,069 | +€3,770 | +19.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,839 | -€16,069 | +€3,770 | +19.0% |
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 15 October 2026 via checked.be.