ESPEE Solutions: 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.
ESPEE Solutions
Largest movements
- Receivables within one year -€17,850
down €17,850 (-29.3%), from €60,863 to €43,013
of which Trade receivables: -€41,213
- Cash -€915
down €915 (-11.3%), from €8,069 to €7,154
mainly Accrued charges and deferred income (-€33,000) and Tax, wage and social debts (-€5,566)
- Deferred charges and accrued income +€702
up €702 (+133.7%), from €525 to €1,227
- Accrued charges and deferred income -€33,000
down €33,000 (-100.0%), from €33,000 to €0
- Reserves +€21,653
up €21,653 (+167.5%), from €12,930 to €34,583
- Tax, wage and social debts -€5,566
down €5,566 (-32.1%), from €17,320 to €11,755
- Other debts -€2,283
down €2,283 (-73.3%), from €3,116 to €833
- Trade debts +€1,132
up €1,132 (+1239.9%), from €91 to €1,224
- Gross operating margin +€12,189
up €12,189 (+63.6%), from €19,151 to €31,340
- Taxes +€2,696
up €2,696 (+55.0%), from €4,906 to €7,602
- Financial charges +€1,729
up €1,729 (+6011.8%), from €29 to €1,758
- Financial income +€572
new in 2025: €572
- Other operating charges -€362
down €362 (-84.6%), from €427 to €66
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 | €69,457 | €51,395 | -€18,063 | -26.0% |
| Current assets | 29/58 | €69,457 | €51,395 | -€18,063 | -26.0% |
| Amounts receivable within one year | 40/41 | €60,863 | €43,013 | -€17,850 | -29.3% |
| Trade receivables | 40 | €60,863 | €19,650 | -€41,213 | -67.7% |
| Other amounts receivable | 41 | - | €23,363 | +€23,363 | |
| Cash at bank and in hand | 54/58 | €8,069 | €7,154 | -€915 | -11.3% |
| Deferred charges and accrued income | 490/1 | €525 | €1,227 | +€702 | +133.7% |
| Total equity and liabilities | 10/49 | €69,457 | €51,395 | -€18,063 | -26.0% |
| Equity | 10/15 | €15,930 | €37,583 | +€21,653 | +135.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €12,930 | €34,583 | +€21,653 | +167.5% |
| Distributable reserves | 133 | €12,930 | €34,583 | +€21,653 | +167.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,527 | €13,811 | -€39,716 | -74.2% |
| Amounts payable within one year | 42/48 | €20,527 | €13,811 | -€6,716 | -32.7% |
| Trade debts | 44 | €91 | €1,224 | +€1,132 | +1239.9% |
| Suppliers | 440/4 | €91 | €1,224 | +€1,132 | +1239.9% |
| Taxes, remuneration and social security | 45 | €17,320 | €11,755 | -€5,566 | -32.1% |
| Taxes | 450/3 | €17,320 | €11,755 | -€5,566 | -32.1% |
| Other amounts payable | 47/48 | €3,116 | €833 | -€2,283 | -73.3% |
| Accrued charges and deferred income | 492/3 | €33,000 | €0 | -€33,000 | -100.0% |
| Other operating charges | 640/8 | €427 | €66 | -€362 | -84.6% |
| Gross operating margin | 9900 | €19,151 | €31,340 | +€12,189 | +63.6% |
| Operating profit (loss) | 9901 | €18,724 | €31,274 | +€12,551 | +67.0% |
| Financial income | 75/76B | - | €572 | +€572 | |
| Recurring financial income | 75 | - | €572 | +€572 | |
| Financial charges | 65/66B | €29 | €1,758 | +€1,729 | +6011.8% |
| Recurring financial charges | 65 | €29 | €1,758 | +€1,729 | +6011.8% |
| Profit (loss) for the period before taxes | 9903 | €18,695 | €30,088 | +€11,394 | +60.9% |
| Income taxes | 67/77 | €4,906 | €7,602 | +€2,696 | +55.0% |
| Profit (loss) for the period | 9904 | €13,789 | €22,486 | +€8,697 | +63.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,789 | €22,486 | +€8,697 | +63.1% |
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 8 October 2026 via checked.be.