ESPERLUETTE: 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.
ESPERLUETTE
Largest movements
- Tangible fixed assets +€281,277
up €281,277 (+601%), from €46,786 to €328,063
of which Land and buildings: +€275,792
- Cash -€235,974
down €235,974 (-97.3%), from €242,473 to €6,499
mainly Investment in fixed assets (net) (-€298,584) and Trade debts (-€38,002)
- Receivables after one year -€70,000
down €70,000 (-15.0%), from €465,500 to €395,500
- Deferred charges and accrued income +€12,568
up €12,568 (+90.2%), from €13,932 to €26,500
- Reserves +€38,072
up €38,072 (+6.1%), from €622,067 to €660,139
of which Distributable reserves: +€38,072
- Trade debts -€38,002
down €38,002 (-24.5%), from €155,182 to €117,180
- Other debts -€25,164
down €25,164 (-81.6%), from €30,848 to €5,684
- Tax, wage and social debts +€20,307
up €20,307 (+496%), from €4,090 to €24,397
- Financial income +€42,703
up €42,703 (+318%), from €13,417 to €56,120
of which Non-recurring financial income: +€35,847
- Financial charges +€35,292
up €35,292 (+3,679%), from €959 to €36,252
of which Non-recurring financial charges: +€35,847
- Gross operating margin -€17,114
down €17,114 (-20.8%), from €82,142 to €65,028
- Depreciation +€7,538
up €7,538 (+77.2%), from €9,768 to €17,306
- Taxes -€1,754
down €1,754 (-6.7%), from €26,151 to €24,397
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 | €832,639 | €827,852 | -€4,788 | -0.6% |
| Fixed assets | 21/28 | €46,875 | €328,152 | +€281,277 | +600% |
| Tangible fixed assets | 22/27 | €46,786 | €328,063 | +€281,277 | +601% |
| Land and buildings | 22 | - | €275,792 | +€275,792 | |
| Furniture and vehicles | 24 | €40,757 | €29,217 | -€11,540 | -28.3% |
| Assets under construction and advance payments | 27 | €6,029 | €23,055 | +€17,025 | +282% |
| Financial fixed assets | 28 | €89 | €89 | = | 0.0% |
| Current assets | 29/58 | €785,764 | €499,699 | -€286,065 | -36.4% |
| Amounts receivable after more than one year | 29 | €465,500 | €395,500 | -€70,000 | -15.0% |
| Other amounts receivable | 291 | €465,500 | €395,500 | -€70,000 | -15.0% |
| Amounts receivable within one year | 40/41 | €63,860 | €71,200 | +€7,340 | +11.5% |
| Trade receivables | 40 | €52,381 | €46,683 | -€5,699 | -10.9% |
| Other amounts receivable | 41 | €11,478 | €24,517 | +€13,039 | +114% |
| Cash at bank and in hand | 54/58 | €242,473 | €6,499 | -€235,974 | -97.3% |
| Deferred charges and accrued income | 490/1 | €13,932 | €26,500 | +€12,568 | +90.2% |
| Total equity and liabilities | 10/49 | €832,639 | €827,852 | -€4,788 | -0.6% |
| Equity | 10/15 | €642,518 | €680,590 | +€38,072 | +5.9% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €622,067 | €660,139 | +€38,072 | +6.1% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €584,567 | €622,639 | +€38,072 | +6.5% |
| Amounts payable | 17/49 | €190,121 | €147,262 | -€42,859 | -22.5% |
| Amounts payable within one year | 42/48 | €190,121 | €147,262 | -€42,859 | -22.5% |
| Trade debts | 44 | €155,182 | €117,180 | -€38,002 | -24.5% |
| Suppliers | 440/4 | €155,182 | €117,180 | -€38,002 | -24.5% |
| Taxes, remuneration and social security | 45 | €4,090 | €24,397 | +€20,307 | +496% |
| Taxes | 450/3 | €4,090 | €24,397 | +€20,307 | +496% |
| Other amounts payable | 47/48 | €30,848 | €5,684 | -€25,164 | -81.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,768 | €17,306 | +€7,538 | +77.2% |
| Other operating charges | 640/8 | €1,240 | €955 | -€285 | -23.0% |
| Non-recurring operating charges | 66A | - | €4,167 | +€4,167 | |
| Gross operating margin | 9900 | €82,142 | €65,028 | -€17,114 | -20.8% |
| Operating profit (loss) | 9901 | €71,134 | €42,600 | -€28,533 | -40.1% |
| Financial income | 75/76B | €13,417 | €56,120 | +€42,703 | +318% |
| Recurring financial income | 75 | €13,417 | €20,273 | +€6,856 | +51.1% |
| Non-recurring financial income | 76B | - | €35,847 | +€35,847 | |
| Financial charges | 65/66B | €959 | €36,252 | +€35,292 | +3,679% |
| Recurring financial charges | 65 | €959 | €404 | -€555 | -57.8% |
| Non-recurring financial charges | 66B | - | €35,847 | +€35,847 | |
| Profit (loss) for the period before taxes | 9903 | €83,591 | €62,469 | -€21,123 | -25.3% |
| Income taxes | 67/77 | €26,151 | €24,397 | -€1,754 | -6.7% |
| Profit (loss) for the period | 9904 | €57,441 | €38,072 | -€19,369 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €57,441 | €38,072 | -€19,369 | -33.7% |
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 13 October 2026 via checked.be.