ESPEREL: 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.
ESPEREL
Largest movements
- Cash +€31,229
new in 2025: €31,229
mainly Other debts (+€18,557) and Net result for the year (+€4,958)
- Receivables within one year -€3,513
down €3,513 (-15.5%), from €22,689 to €19,176
of which Other amounts receivable: -€3,693
- Tangible fixed assets -€696
down €696 (-4.3%), from €16,371 to €15,675
of which Furniture and vehicles: -€457
- Other debts +€18,557
up €18,557 (+1272.8%), from €1,458 to €20,015
- Trade debts +€4,950
new in 2025: €4,950
- Accrued charges and deferred income -€3,421
no longer reported in 2025 (was €3,421)
- Profit (loss) carried forward +€3,098
up €3,098 (+27.9%), from €11,119 to €14,217
- Tax, wage and social debts +€3,030
up €3,030 (+88.9%), from €3,408 to €6,438
- Gross operating margin -€5,643
down €5,643 (-38.5%), from €14,640 to €8,997
- Taxes -€461
down €461 (-83.5%), from €552 to €91
- Financial charges +€351
up €351 (+79.1%), from €444 to €795
- Other operating charges -€325
down €325 (-43.9%), from €740 to €415
- Financial income +€191
up €191 (+80.9%), from €236 to €427
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 | €39,060 | €66,080 | +€27,020 | +69.2% |
| Fixed assets | 21/28 | €16,371 | €15,675 | -€696 | -4.3% |
| Tangible fixed assets | 22/27 | €16,371 | €15,675 | -€696 | -4.3% |
| Land and buildings | 22 | €15,644 | €15,405 | -€239 | -1.5% |
| Furniture and vehicles | 24 | €727 | €270 | -€457 | -62.9% |
| Current assets | 29/58 | €22,689 | €50,405 | +€27,716 | +122.2% |
| Amounts receivable within one year | 40/41 | €22,689 | €19,176 | -€3,513 | -15.5% |
| Trade receivables | 40 | €18,252 | €18,432 | +€180 | +1.0% |
| Other amounts receivable | 41 | €4,437 | €744 | -€3,693 | -83.2% |
| Cash at bank and in hand | 54/58 | - | €31,229 | +€31,229 | |
| Total equity and liabilities | 10/49 | €39,060 | €66,080 | +€27,020 | +69.2% |
| Equity | 10/15 | €29,719 | €34,677 | +€4,958 | +16.7% |
| 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 | - | €1,860 | +€1,860 | |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Legal reserve | 130 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €11,119 | €14,217 | +€3,098 | +27.9% |
| Amounts payable | 17/49 | €9,341 | €31,403 | +€22,062 | +236.2% |
| Amounts payable within one year | 42/48 | €5,920 | €31,403 | +€25,483 | +430.5% |
| Financial debts | 43 | €1,054 | - | -€1,054 | |
| Credit institutions | 430/8 | €1,054 | - | -€1,054 | |
| Trade debts | 44 | - | €4,950 | +€4,950 | |
| Suppliers | 440/4 | - | €4,950 | +€4,950 | |
| Taxes, remuneration and social security | 45 | €3,408 | €6,438 | +€3,030 | +88.9% |
| Taxes | 450/3 | €3,408 | €6,438 | +€3,030 | +88.9% |
| Other amounts payable | 47/48 | €1,458 | €20,015 | +€18,557 | +1272.8% |
| Accrued charges and deferred income | 492/3 | €3,421 | - | -€3,421 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,036 | €3,165 | +€129 | +4.2% |
| Other operating charges | 640/8 | €740 | €415 | -€325 | -43.9% |
| Gross operating margin | 9900 | €14,640 | €8,997 | -€5,643 | -38.5% |
| Operating profit (loss) | 9901 | €10,864 | €5,417 | -€5,447 | -50.1% |
| Financial income | 75/76B | €236 | €427 | +€191 | +80.9% |
| Recurring financial income | 75 | €236 | €427 | +€191 | +80.9% |
| Financial charges | 65/66B | €444 | €795 | +€351 | +79.1% |
| Recurring financial charges | 65 | €444 | €795 | +€351 | +79.1% |
| Profit (loss) for the period before taxes | 9903 | €10,656 | €5,049 | -€5,607 | -52.6% |
| Income taxes | 67/77 | €552 | €91 | -€461 | -83.5% |
| Profit (loss) for the period | 9904 | €10,104 | €4,958 | -€5,146 | -50.9% |
| Profit (loss) for the period to be appropriated | 9905 | €10,104 | €4,958 | -€5,146 | -50.9% |
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 7 October 2026 via checked.be.