ESPERANZADOR: 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.
ESPERANZADOR
Largest movements
- Tangible fixed assets +€190,583
up €190,583 (+95.7%), from €199,045 to €389,628
of which Land and buildings: +€168,497
- Receivables within one year -€33,337
down €33,337 (-36.1%), from €92,474 to €59,136
of which Trade receivables: -€27,775
- Debts after one year +€119,166
up €119,166 (+60.2%), from €197,959 to €317,124
- Current portion of long-term debt +€26,806
up €26,806 (+397%), from €6,753 to €33,559
- Other debts +€15,913
up €15,913 (+88.1%), from €18,059 to €33,973
- Tax, wage and social debts -€13,899
down €13,899 (-63.5%), from €21,881 to €7,982
of which Taxes: -€10,164
- Depreciation +€5,569
up €5,569 (+32.4%), from €17,173 to €22,741
- Other operating charges +€4,161
up €4,161 (+51.8%), from €8,038 to €12,199
- Financial charges +€2,681
up €2,681 (+52.3%), from €5,123 to €7,803
- Gross operating margin +€2,219
up €2,219 (+2.0%), from €111,191 to €113,410
- Financial income -€1,378
no longer reported in 2025 (was €1,378)
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 | €319,770 | €473,845 | +€154,075 | +48.2% |
| Fixed assets | 21/28 | €200,590 | €391,173 | +€190,583 | +95.0% |
| Tangible fixed assets | 22/27 | €199,045 | €389,628 | +€190,583 | +95.7% |
| Land and buildings | 22 | €196,013 | €364,511 | +€168,497 | +86.0% |
| Plant, machinery and equipment | 23 | €3,032 | €25,118 | +€22,086 | +728% |
| Financial fixed assets | 28 | €1,545 | €1,545 | = | 0.0% |
| Current assets | 29/58 | €119,179 | €82,671 | -€36,508 | -30.6% |
| Amounts receivable within one year | 40/41 | €92,474 | €59,136 | -€33,337 | -36.1% |
| Trade receivables | 40 | €47,326 | €19,551 | -€27,775 | -58.7% |
| Other amounts receivable | 41 | €45,148 | €39,586 | -€5,563 | -12.3% |
| Cash at bank and in hand | 54/58 | €25,299 | €22,545 | -€2,755 | -10.9% |
| Deferred charges and accrued income | 490/1 | €1,406 | €990 | -€416 | -29.6% |
| Total equity and liabilities | 10/49 | €319,770 | €473,845 | +€154,075 | +48.2% |
| Equity | 10/15 | €34,799 | €36,312 | +€1,513 | +4.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,199 | €17,712 | +€1,513 | +9.3% |
| Non-distributable reserves | 130/1 | €1,434 | €1,434 | = | 0.0% |
| Legal reserve | 130 | €1,434 | €1,434 | = | 0.0% |
| Distributable reserves | 133 | €14,765 | €16,278 | +€1,513 | +10.2% |
| Amounts payable | 17/49 | €284,971 | €437,533 | +€152,562 | +53.5% |
| Amounts payable after more than one year | 17 | €197,959 | €317,124 | +€119,166 | +60.2% |
| Financial debts | 170/4 | €197,959 | €317,124 | +€119,166 | +60.2% |
| Amounts payable within one year | 42/48 | €81,662 | €114,908 | +€33,246 | +40.7% |
| Current portion of amounts payable after more than one year | 42 | €6,753 | €33,559 | +€26,806 | +397% |
| Trade debts | 44 | €24,459 | €28,884 | +€4,425 | +18.1% |
| Suppliers | 440/4 | €24,459 | €28,884 | +€4,425 | +18.1% |
| Advances received on contracts in progress | 46 | €10,510 | €10,510 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €21,881 | €7,982 | -€13,899 | -63.5% |
| Taxes | 450/3 | €11,630 | €1,466 | -€10,164 | -87.4% |
| Remuneration and social security | 454/9 | €10,251 | €6,516 | -€3,735 | -36.4% |
| Other amounts payable | 47/48 | €18,059 | €33,973 | +€15,913 | +88.1% |
| Accrued charges and deferred income | 492/3 | €5,350 | €5,500 | +€150 | +2.8% |
| Remuneration, social security and pensions | 62 | €67,060 | €67,290 | +€229 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,173 | €22,741 | +€5,569 | +32.4% |
| Other operating charges | 640/8 | €8,038 | €12,199 | +€4,161 | +51.8% |
| Gross operating margin | 9900 | €111,191 | €113,410 | +€2,219 | +2.0% |
| Operating profit (loss) | 9901 | €18,920 | €11,180 | -€7,740 | -40.9% |
| Financial income | 75/76B | €1,378 | - | -€1,378 | |
| Recurring financial income | 75 | €1,378 | - | -€1,378 | |
| Financial charges | 65/66B | €5,123 | €7,803 | +€2,681 | +52.3% |
| Recurring financial charges | 65 | €5,123 | €7,803 | +€2,681 | +52.3% |
| Profit (loss) for the period before taxes | 9903 | €15,175 | €3,377 | -€11,798 | -77.7% |
| Income taxes | 67/77 | €1,950 | €1,864 | -€86 | -4.4% |
| Profit (loss) for the period | 9904 | €13,225 | €1,513 | -€11,712 | -88.6% |
| Profit (loss) for the period to be appropriated | 9905 | €13,225 | €1,513 | -€11,712 | -88.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.