ESPERANTO: 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.
What changed
ESPERANTO
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€108,716
2024 · -€155,250+€263,966
Equity
-€248,763
2024 · -€357,479+€108,716
Cash
€41,822
2024 · €120,828-€79,006
Balance sheet total
€1.8m
2024 · €1.9m-€85,790
Largest movements
Assets
- Receivables within one year +€249,269
up €249,269 (+121%), from €205,910 to €455,179
of which Other amounts receivable: +€309,464
- Tangible fixed assets -€196,510
down €196,510 (-22.5%), from €874,303 to €677,792
of which Plant, machinery and equipment: -€126,820
- Cash -€79,006
down €79,006 (-65.4%), from €120,828 to €41,822
mainly Current portion of long-term debt (-€308,278) and Debts after one year (-€257,992)
- Intangible fixed assets -€77,796
down €77,796 (-66.1%), from €117,630 to €39,834
- Stocks and contracts +€26,514
up €26,514 (+4.8%), from €555,882 to €582,396
Equity and liabilities
- Current portion of long-term debt -€308,278
down €308,278 (-64.0%), from €481,699 to €173,421
- Debts after one year -€257,992
down €257,992 (-29.5%), from €874,371 to €616,379
of which Financial debts: -€505,707
- Advances received +€157,733
new in 2025: €157,733
- Trade debts +€151,832
up €151,832 (+21.2%), from €715,410 to €867,241
- Profit (loss) carried forward +€108,716
up €108,716 (+16.4%), from -€663,939 to -€555,223
Income statement
- Other operating income +€338,508
up €338,508 (+279%), from €121,250 to €459,757
- Turnover +€100,120
up €100,120 (+1.3%), from €7.7m to €7.8m
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.
Result 2024
-€155,250
Turnover
+€100,120
Other operating income
+€338,508
Goods and materials
-€63,540
Services and other goods
-€73,721
Staff costs
-€39,084
Depreciation
+€28,796
Other operating charges
+€1,363
Other operating items
-€690
Financial income
-€29,338
Financial charges
+€1,652
Taxes
-€99
Result 2025
€108,716
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€509,955
Investment
-€29,019
Financing
-€559,942
Cash 2024
€120,828
From operations (derived)
+€509,955
Net result for the year
+€108,716
Depreciation
+€303,326
Stocks and contracts
-€26,514
Receivables within one year
-€249,269
Deferred charges and accrued income
+€8,261
Trade debts
+€151,832
Tax, wage and social debts
+€9,846
Advances received
+€157,733
Other debts
+€29,484
Accrued charges and deferred income
+€16,541
Investment (derived)
-€29,019
Investment in fixed assets (net)
-€29,019
Financing
-€559,942
Debts after one year
-€257,992
Current portion of long-term debt
-€308,278
Short-term financial debts
+€6,328
Cash 2025
€41,822
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,882,814 | €1,797,024 | -€85,790 | -4.6% |
| Fixed assets | 21/28 | €991,933 | €717,627 | -€274,306 | -27.7% |
| Intangible fixed assets | 21 | €117,630 | €39,834 | -€77,796 | -66.1% |
| Tangible fixed assets | 22/27 | €874,303 | €677,792 | -€196,510 | -22.5% |
| Plant, machinery and equipment | 23 | €630,306 | €503,486 | -€126,820 | -20.1% |
| Furniture and vehicles | 24 | €8,772 | €6,847 | -€1,925 | -21.9% |
| Leasing and similar rights | 25 | €203,667 | €128,135 | -€75,532 | -37.1% |
| Other tangible fixed assets | 26 | €31,558 | €39,324 | +€7,766 | +24.6% |
| Current assets | 29/58 | €890,881 | €1,079,398 | +€188,517 | +21.2% |
| Stocks and contracts in progress | 3 | €555,882 | €582,396 | +€26,514 | +4.8% |
| Stocks | 30/36 | €555,882 | €582,396 | +€26,514 | +4.8% |
| Raw materials and consumables | 30/31 | €3,039 | €6,611 | +€3,572 | +118% |
| Goods purchased for resale | 34 | €552,843 | €575,786 | +€22,942 | +4.1% |
| Amounts receivable within one year | 40/41 | €205,910 | €455,179 | +€249,269 | +121% |
| Trade receivables | 40 | €187,605 | €127,410 | -€60,195 | -32.1% |
| Other amounts receivable | 41 | €18,305 | €327,769 | +€309,464 | +1,691% |
| Cash at bank and in hand | 54/58 | €120,828 | €41,822 | -€79,006 | -65.4% |
| Deferred charges and accrued income | 490/1 | €8,261 | €0 | -€8,261 | -100% |
| Total equity and liabilities | 10/49 | €1,882,814 | €1,797,024 | -€85,790 | -4.6% |
| Equity | 10/15 | -€357,479 | -€248,763 | +€108,716 | +30.4% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €6,459 | €6,459 | = | 0.0% |
| Distributable reserves | 133 | €6,459 | €6,459 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€663,939 | -€555,223 | +€108,716 | +16.4% |
| Amounts payable | 17/49 | €2,240,293 | €2,045,788 | -€194,506 | -8.7% |
| Amounts payable after more than one year | 17 | €874,371 | €616,379 | -€257,992 | -29.5% |
| Financial debts | 170/4 | €874,371 | €368,664 | -€505,707 | -57.8% |
| Leasing and similar obligations | 172 | €106,458 | €43,325 | -€63,133 | -59.3% |
| Credit institutions | 173 | €435,628 | €325,339 | -€110,288 | -25.3% |
| Other loans | 174 | €332,286 | - | -€332,286 | |
| Other amounts payable | 178/9 | - | €247,714 | +€247,714 | |
| Amounts payable within one year | 42/48 | €1,355,923 | €1,402,867 | +€46,945 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €481,699 | €173,421 | -€308,278 | -64.0% |
| Financial debts | 43 | €32,267 | €38,595 | +€6,328 | +19.6% |
| Credit institutions | 430/8 | €32,267 | €38,595 | +€6,328 | +19.6% |
| Trade debts | 44 | €715,410 | €867,241 | +€151,832 | +21.2% |
| Suppliers | 440/4 | €715,410 | €867,241 | +€151,832 | +21.2% |
| Advances received on contracts in progress | 46 | - | €157,733 | +€157,733 | |
| Taxes, remuneration and social security | 45 | €71,460 | €81,306 | +€9,846 | +13.8% |
| Taxes | 450/3 | €1,251 | €1,380 | +€129 | +10.3% |
| Remuneration and social security | 454/9 | €70,209 | €79,926 | +€9,717 | +13.8% |
| Other amounts payable | 47/48 | €55,087 | €84,571 | +€29,484 | +53.5% |
| Accrued charges and deferred income | 492/3 | €10,000 | €26,541 | +€16,541 | +165% |
| Operating income | 70/76A | €7,775,747 | €8,213,684 | +€437,937 | +5.6% |
| Turnover | 70 | €7,653,808 | €7,753,927 | +€100,120 | +1.3% |
| Other operating income | 74 | €121,250 | €459,757 | +€338,508 | +279% |
| Non-recurring operating income | 76A | €690 | €0 | -€690 | -100% |
| Operating charges | 60/66A | €7,942,434 | €8,088,620 | +€146,186 | +1.8% |
| Goods for resale, raw materials and consumables | 60 | €6,022,391 | €6,085,931 | +€63,540 | +1.1% |
| Purchases | 600/8 | €6,015,337 | €6,112,445 | +€97,108 | +1.6% |
| Change in stocks: decrease (increase) | 609 | €7,054 | -€26,514 | -€33,568 | |
| Services and other goods | 61 | €1,219,110 | €1,292,831 | +€73,721 | +6.0% |
| Remuneration, social security and pensions | 62 | €364,958 | €404,042 | +€39,084 | +10.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €332,121 | €303,326 | -€28,796 | -8.7% |
| Other operating charges | 640/8 | €3,854 | €2,491 | -€1,363 | -35.4% |
| Operating profit (loss) | 9901 | -€166,687 | €125,064 | +€291,751 | |
| Financial income | 75/76B | €33,445 | €4,108 | -€29,338 | -87.7% |
| Recurring financial income | 75 | €1,279 | €4,108 | +€2,829 | +221% |
| Income from current assets | 751 | €168 | €1,601 | +€1,433 | +852% |
| Other financial income | 752/9 | €1,110 | €2,507 | +€1,396 | +126% |
| Non-recurring financial income | 76B | €32,167 | €0 | -€32,167 | -100% |
| Financial charges | 65/66B | €21,800 | €20,148 | -€1,652 | -7.6% |
| Recurring financial charges | 65 | €21,800 | €20,148 | -€1,652 | -7.6% |
| Debt charges | 650 | €19,705 | €14,979 | -€4,725 | -24.0% |
| Other financial charges | 652/9 | €2,096 | €5,169 | +€3,073 | +147% |
| Profit (loss) for the period before taxes | 9903 | -€155,042 | €109,023 | +€264,065 | |
| Income taxes | 67/77 | €208 | €307 | +€99 | +47.6% |
| Taxes | 670/3 | €208 | €307 | +€99 | +47.6% |
| Profit (loss) for the period | 9904 | -€155,250 | €108,716 | +€263,966 | |
| Profit (loss) for the period to be appropriated | 9905 | -€155,250 | €108,716 | +€263,966 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.