ESPERENZA: 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.
ESPERENZA
Largest movements
- Receivables within one year +€45,560
up €45,560 (+93.3%), from €48,852 to €94,411
of which Trade receivables: +€45,518
- Cash +€16,392
up €16,392 (+710%), from €2,309 to €18,702
mainly Trade debts (+€54,745) and Tax, wage and social debts (+€18,900)
- Trade debts +€54,745
new in 2025: €54,745
- Profit (loss) carried forward -€20,948
down €20,948 (-16.9%), from -€123,724 to -€144,672
- Tax, wage and social debts +€18,900
new in 2025: €18,900
- Other debts +€9,255
up €9,255 (+5.2%), from €178,408 to €187,663
- Gross operating margin -€15,233
down €15,233 (-38.9%), from €39,150 to €23,917
- Other operating charges +€782
up €782 (+1.8%), from €44,083 to €44,865
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 | €73,281 | €135,233 | +€61,952 | +84.5% |
| Fixed assets | 21/28 | €120 | €120 | = | 0.0% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €73,161 | €135,113 | +€61,952 | +84.7% |
| Stocks and contracts in progress | 3 | €22,000 | €22,000 | = | 0.0% |
| Stocks | 30/36 | €22,000 | €22,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €48,852 | €94,411 | +€45,560 | +93.3% |
| Trade receivables | 40 | €47,000 | €92,518 | +€45,518 | +96.8% |
| Other amounts receivable | 41 | €1,852 | €1,893 | +€41 | +2.2% |
| Cash at bank and in hand | 54/58 | €2,309 | €18,702 | +€16,392 | +710% |
| Total equity and liabilities | 10/49 | €73,281 | €135,233 | +€61,952 | +84.5% |
| Equity | 10/15 | -€105,127 | -€126,074 | -€20,948 | -19.9% |
| Contributions | 10/11 | €18,595 | €18,595 | = | 0.0% |
| Capital | 10 | €18,595 | €18,595 | = | 0.0% |
| Issued capital | 100 | €18,595 | €18,595 | = | 0.0% |
| Reserves | 13 | €2 | €2 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2 | €2 | = | 0.0% |
| Legal reserve | 130 | €2 | €2 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,724 | -€144,672 | -€20,948 | -16.9% |
| Amounts payable | 17/49 | €178,408 | €261,307 | +€82,900 | +46.5% |
| Amounts payable within one year | 42/48 | €178,408 | €261,307 | +€82,900 | +46.5% |
| Trade debts | 44 | - | €54,745 | +€54,745 | |
| Suppliers | 440/4 | - | €54,745 | +€54,745 | |
| Taxes, remuneration and social security | 45 | - | €18,900 | +€18,900 | |
| Remuneration and social security | 454/9 | - | €18,900 | +€18,900 | |
| Other amounts payable | 47/48 | €178,408 | €187,663 | +€9,255 | +5.2% |
| Other operating charges | 640/8 | €44,083 | €44,865 | +€782 | +1.8% |
| Gross operating margin | 9900 | €39,150 | €23,917 | -€15,233 | -38.9% |
| Operating profit (loss) | 9901 | -€4,933 | -€20,948 | -€16,015 | -325% |
| Profit (loss) for the period before taxes | 9903 | -€4,933 | -€20,948 | -€16,015 | -325% |
| Profit (loss) for the period | 9904 | -€4,933 | -€20,948 | -€16,015 | -325% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,933 | -€20,948 | -€16,015 | -325% |
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 19 October 2026 via checked.be.