Espelex: 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.
Espelex
Largest movements
- Cash +€13,877
up €13,877 (+29.9%), from €46,441 to €60,318
mainly Net result for the year (+€22,405) and Trade debts (+€153)
- Receivables within one year +€2,583
up €2,583 (+20.5%), from €12,574 to €15,157
of which Other amounts receivable: +€1,599
- Profit (loss) carried forward +€22,405
up €22,405 (+48.5%), from €46,230 to €68,635
- Tax, wage and social debts -€5,711
down €5,711 (-50.6%), from €11,285 to €5,574
of which Taxes: -€7,761
- Gross operating margin -€8,552
down €8,552 (-22.3%), from €38,314 to €29,762
- Taxes -€1,523
down €1,523 (-18.2%), from €8,349 to €6,826
- Other operating charges +€673
up €673 (+570%), from €118 to €791
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 | €59,015 | €75,861 | +€16,846 | +28.5% |
| Current assets | 29/58 | €59,015 | €75,861 | +€16,846 | +28.5% |
| Amounts receivable within one year | 40/41 | €12,574 | €15,157 | +€2,583 | +20.5% |
| Trade receivables | 40 | €5,944 | €6,927 | +€984 | +16.6% |
| Other amounts receivable | 41 | €6,631 | €8,230 | +€1,599 | +24.1% |
| Cash at bank and in hand | 54/58 | €46,441 | €60,318 | +€13,877 | +29.9% |
| Deferred charges and accrued income | 490/1 | - | €386 | +€386 | |
| Total equity and liabilities | 10/49 | €59,015 | €75,861 | +€16,846 | +28.5% |
| Equity | 10/15 | €47,730 | €70,135 | +€22,405 | +46.9% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,230 | €68,635 | +€22,405 | +48.5% |
| Amounts payable | 17/49 | €11,285 | €5,726 | -€5,559 | -49.3% |
| Amounts payable within one year | 42/48 | €11,285 | €5,726 | -€5,559 | -49.3% |
| Trade debts | 44 | - | €153 | +€153 | |
| Suppliers | 440/4 | - | €153 | +€153 | |
| Taxes, remuneration and social security | 45 | €11,285 | €5,574 | -€5,711 | -50.6% |
| Taxes | 450/3 | €11,285 | €3,524 | -€7,761 | -68.8% |
| Remuneration and social security | 454/9 | - | €2,050 | +€2,050 | |
| Other operating charges | 640/8 | €118 | €791 | +€673 | +570% |
| Gross operating margin | 9900 | €38,314 | €29,762 | -€8,552 | -22.3% |
| Operating profit (loss) | 9901 | €38,196 | €28,972 | -€9,224 | -24.1% |
| Financial income | 75/76B | €243 | €362 | +€118 | +48.5% |
| Recurring financial income | 75 | €243 | €362 | +€118 | +48.5% |
| Financial charges | 65/66B | €67 | €102 | +€35 | +52.0% |
| Recurring financial charges | 65 | €67 | €102 | +€35 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €38,372 | €29,231 | -€9,141 | -23.8% |
| Income taxes | 67/77 | €8,349 | €6,826 | -€1,523 | -18.2% |
| Profit (loss) for the period | 9904 | €30,023 | €22,405 | -€7,618 | -25.4% |
| Profit (loss) for the period to be appropriated | 9905 | €30,023 | €22,405 | -€7,618 | -25.4% |
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 24 October 2026 via checked.be.