ESPEREN: 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.
ESPEREN
Largest movements
- Cash +€16,964
up €16,964 (+120.7%), from €14,051 to €31,015
mainly Net result for the year (+€62,397) and Trade debts (+€20,056)
- Tangible fixed assets -€10,254
down €10,254 (-16.8%), from €61,138 to €50,884
- Receivables within one year +€8,705
up €8,705 (+60.7%), from €14,338 to €23,043
- Other debts -€79,340
down €79,340 (-25.4%), from €311,835 to €232,495
- Profit (loss) carried forward +€62,397
up €62,397 (+83.7%), from €74,515 to €136,912
- Trade debts +€20,056
up €20,056 (+263.2%), from €7,620 to €27,676
- Tax, wage and social debts +€11,342
up €11,342 (+84.4%), from €13,437 to €24,779
- Gross operating margin +€50,437
up €50,437 (+123.8%), from €40,747 to €91,184
- Taxes +€9,928
up €9,928 (+129.8%), from €7,647 to €17,576
- Depreciation +€1,866
up €1,866 (+22.2%), from €8,389 to €10,254
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 | €439,525 | €454,268 | +€14,743 | +3.4% |
| Fixed assets | 21/28 | €61,138 | €50,884 | -€10,254 | -16.8% |
| Tangible fixed assets | 22/27 | €61,138 | €50,884 | -€10,254 | -16.8% |
| Land and buildings | 22 | €26,958 | €23,866 | -€3,093 | -11.5% |
| Furniture and vehicles | 24 | €12,464 | €8,783 | -€3,680 | -29.5% |
| Other tangible fixed assets | 26 | €21,716 | €18,235 | -€3,482 | -16.0% |
| Current assets | 29/58 | €378,387 | €403,384 | +€24,997 | +6.6% |
| Stocks and contracts in progress | 3 | €340,208 | €340,208 | = | 0.0% |
| Stocks | 30/36 | €340,208 | €340,208 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,338 | €23,043 | +€8,705 | +60.7% |
| Trade receivables | 40 | €14,338 | €23,043 | +€8,705 | +60.7% |
| Cash at bank and in hand | 54/58 | €14,051 | €31,015 | +€16,964 | +120.7% |
| Deferred charges and accrued income | 490/1 | €9,791 | €9,118 | -€672 | -6.9% |
| Total equity and liabilities | 10/49 | €439,525 | €454,268 | +€14,743 | +3.4% |
| Equity | 10/15 | €94,515 | €156,912 | +€62,397 | +66.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €74,515 | €136,912 | +€62,397 | +83.7% |
| Amounts payable | 17/49 | €345,010 | €297,355 | -€47,654 | -13.8% |
| Amounts payable within one year | 42/48 | €332,892 | €284,950 | -€47,942 | -14.4% |
| Trade debts | 44 | €7,620 | €27,676 | +€20,056 | +263.2% |
| Suppliers | 440/4 | €7,620 | €27,676 | +€20,056 | +263.2% |
| Taxes, remuneration and social security | 45 | €13,437 | €24,779 | +€11,342 | +84.4% |
| Taxes | 450/3 | €13,437 | €24,779 | +€11,342 | +84.4% |
| Other amounts payable | 47/48 | €311,835 | €232,495 | -€79,340 | -25.4% |
| Accrued charges and deferred income | 492/3 | €12,117 | €12,405 | +€288 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,389 | €10,254 | +€1,866 | +22.2% |
| Other operating charges | 640/8 | €234 | €468 | +€235 | +100.4% |
| Gross operating margin | 9900 | €40,747 | €91,184 | +€50,437 | +123.8% |
| Operating profit (loss) | 9901 | €32,124 | €80,461 | +€48,337 | +150.5% |
| Financial income | 75/76B | €5 | €2 | -€3 | -60.3% |
| Recurring financial income | 75 | €5 | €2 | -€3 | -60.3% |
| Financial charges | 65/66B | €755 | €490 | -€264 | -35.0% |
| Recurring financial charges | 65 | €755 | €490 | -€264 | -35.0% |
| Profit (loss) for the period before taxes | 9903 | €31,375 | €79,973 | +€48,598 | +154.9% |
| Income taxes | 67/77 | €7,647 | €17,576 | +€9,928 | +129.8% |
| Profit (loss) for the period | 9904 | €23,728 | €62,397 | +€38,669 | +163.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,728 | €62,397 | +€38,669 | +163.0% |
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 6 October 2026 via checked.be.