ESPINET: 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.
ESPINET
Largest movements
- Tangible fixed assets -€8,673
down €8,673 (-3.0%), from €284,621 to €275,947
of which Plant, machinery and equipment: -€5,467
- Other debts -€5,099
down €5,099 (-3.0%), from €167,235 to €162,136
- Profit (loss) carried forward -€3,587
down €3,587 (-7.6%), from -€47,130 to -€50,717
- Gross operating margin +€2,953
up €2,953 (+37.7%), from €7,838 to €10,791
- Depreciation +€181
up €181 (+2.1%), from €8,493 to €8,673
- Other operating charges +€169
up €169 (+3.1%), from €5,372 to €5,541
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 | €285,105 | €276,419 | -€8,685 | -3.0% |
| Fixed assets | 21/28 | €284,621 | €275,947 | -€8,673 | -3.0% |
| Tangible fixed assets | 22/27 | €284,621 | €275,947 | -€8,673 | -3.0% |
| Land and buildings | 22 | €246,527 | €243,645 | -€2,882 | -1.2% |
| Plant, machinery and equipment | 23 | €36,947 | €31,481 | -€5,467 | -14.8% |
| Furniture and vehicles | 24 | €1,146 | €822 | -€325 | -28.3% |
| Current assets | 29/58 | €484 | €472 | -€12 | -2.4% |
| Cash at bank and in hand | 54/58 | €179 | €167 | -€12 | -6.5% |
| Deferred charges and accrued income | 490/1 | €305 | €305 | = | 0.0% |
| Total equity and liabilities | 10/49 | €285,105 | €276,419 | -€8,685 | -3.0% |
| Equity | 10/15 | €117,870 | €114,283 | -€3,587 | -3.0% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | €150,000 | = | 0.0% |
| Issued capital | 100 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Legal reserve | 130 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,130 | -€50,717 | -€3,587 | -7.6% |
| Amounts payable | 17/49 | €167,235 | €162,136 | -€5,099 | -3.0% |
| Amounts payable within one year | 42/48 | €167,235 | €162,136 | -€5,099 | -3.0% |
| Other amounts payable | 47/48 | €167,235 | €162,136 | -€5,099 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,493 | €8,673 | +€181 | +2.1% |
| Other operating charges | 640/8 | €5,372 | €5,541 | +€169 | +3.1% |
| Gross operating margin | 9900 | €7,838 | €10,791 | +€2,953 | +37.7% |
| Operating profit (loss) | 9901 | -€6,027 | -€3,423 | +€2,604 | +43.2% |
| Financial charges | 65/66B | €163 | €163 | = | 0.0% |
| Recurring financial charges | 65 | €163 | €163 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,190 | -€3,587 | +€2,604 | +42.1% |
| Profit (loss) for the period | 9904 | -€6,190 | -€3,587 | +€2,604 | +42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,190 | -€3,587 | +€2,604 | +42.1% |
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 28 September 2026 via checked.be.