ESPEVEM: 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.
ESPEVEM
Largest movements
- Cash -€824,251
down €824,251 (-99.2%), from €830,596 to €6,345
mainly Receivables within one year (-€711,947) and Debts within one year (-€117,714)
- Receivables within one year +€711,947
up €711,947 (+50530.7%), from €1,409 to €713,356
- Debts within one year -€117,714
down €117,714 (-36.4%), from €322,997 to €205,283
- Gross operating margin -€1.1m
down €1.1m, from €1.1m to -€6,346
- Taxes -€259,299
down €259,299, from €254,796 to -€4,504
- Depreciation -€60,478
no longer reported in 2017 (was €60,478)
From the 2016 result to the 2017 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 2016 and 2017 balance sheets and the 2017 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2016 | 2017 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €832,455 | €719,701 | -€112,754 | -13.5% |
| Fixed assets | 21/28 | €450 | - | -€450 | |
| Financial fixed assets | 28 | €450 | - | -€450 | |
| Current assets | 29/58 | €832,005 | €719,701 | -€112,304 | -13.5% |
| Amounts receivable within one year | 40/41 | €1,409 | €713,356 | +€711,947 | +50530.7% |
| Cash at bank and in hand | 54/58 | €830,596 | €6,345 | -€824,251 | -99.2% |
| Total equity and liabilities | 10/49 | €832,455 | €719,701 | -€112,754 | -13.5% |
| Equity | 10/15 | €509,458 | €514,418 | +€4,960 | +1.0% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €3,099 | €3,099 | = | 0.0% |
| Profit (loss) carried forward | 14 | €475,372 | €480,333 | +€4,960 | +1.0% |
| Amounts payable | 17/49 | €322,997 | €205,283 | -€117,714 | -36.4% |
| Amounts payable within one year | 42/48 | €322,997 | €205,283 | -€117,714 | -36.4% |
| Trade debts | 44 | €2,385 | - | -€2,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,478 | - | -€60,478 | |
| Gross operating margin | 9900 | €1,128,169 | -€6,346 | -€1.1m | |
| Operating profit (loss) | 9901 | €734,748 | -€9,758 | -€744,506 | |
| Recurring financial income | 75 | €3 | €10,522 | +€10,519 | +348315.6% |
| Recurring financial charges | 65 | €4,583 | €308 | -€4,276 | -93.3% |
| Profit (loss) for the period before taxes | 9903 | €730,168 | €457 | -€729,711 | -99.9% |
| Income taxes | 67/77 | €254,796 | -€4,504 | -€259,299 | |
| Profit (loss) for the period | 9904 | €475,372 | €4,960 | -€470,412 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €475,372 | €4,960 | -€470,412 | -99.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2016 and 31 December 2017. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.