ESPIX NETWORK: 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.
ESPIX NETWORK
Largest movements
- Tangible fixed assets +€255,583
up €255,583 (+294.9%), from €86,664 to €342,247
of which Land and buildings: +€262,178
- Cash -€56,770
down €56,770 (-34.9%), from €162,562 to €105,792
mainly Investment in fixed assets (net) (-€311,726) and Current investments (-€20,000)
- Current investments +€20,000
up €20,000 (+33.9%), from €59,000 to €79,000
- Debts after one year +€231,019
up €231,019 (+652.5%), from €35,406 to €266,426
- Tax, wage and social debts -€19,285
down €19,285 (-66.8%), from €28,867 to €9,582
of which Taxes: -€13,712
- Other debts -€9,556
no longer reported in 2025 (was €9,556)
- Reserves +€8,838
up €8,838 (+4.7%), from €186,426 to €195,263
of which Distributable reserves: +€38,386
- Depreciation +€18,935
up €18,935 (+50.9%), from €37,208 to €56,143
- Staff costs -€17,055
down €17,055 (-30.0%), from €56,843 to €39,788
- Taxes +€9,240
up €9,240 (+61.3%), from €15,080 to €24,320
- Gross operating margin +€7,025
up €7,025 (+5.2%), from €134,412 to €141,437
- Financial charges +€2,795
up €2,795 (+50.7%), from €5,512 to €8,307
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 | €345,648 | €561,386 | +€215,737 | +62.4% |
| Fixed assets | 21/28 | €86,664 | €342,247 | +€255,583 | +294.9% |
| Tangible fixed assets | 22/27 | €86,664 | €342,247 | +€255,583 | +294.9% |
| Land and buildings | 22 | - | €262,178 | +€262,178 | |
| Plant, machinery and equipment | 23 | €11,570 | €10,665 | -€905 | -7.8% |
| Furniture and vehicles | 24 | €75,094 | €69,404 | -€5,690 | -7.6% |
| Current assets | 29/58 | €258,984 | €219,138 | -€39,846 | -15.4% |
| Amounts receivable within one year | 40/41 | €35,736 | €33,442 | -€2,294 | -6.4% |
| Trade receivables | 40 | €25,622 | €25,029 | -€593 | -2.3% |
| Other amounts receivable | 41 | €10,114 | €8,414 | -€1,700 | -16.8% |
| Current investments | 50/53 | €59,000 | €79,000 | +€20,000 | +33.9% |
| Cash at bank and in hand | 54/58 | €162,562 | €105,792 | -€56,770 | -34.9% |
| Deferred charges and accrued income | 490/1 | €1,686 | €904 | -€782 | -46.4% |
| Total equity and liabilities | 10/49 | €345,648 | €561,386 | +€215,737 | +62.4% |
| Equity | 10/15 | €250,700 | €259,538 | +€8,838 | +3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €186,426 | €195,263 | +€8,838 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €48,298 | €18,750 | -€29,548 | -61.2% |
| Distributable reserves | 133 | €136,268 | €174,653 | +€38,386 | +28.2% |
| Profit (loss) carried forward | 14 | €58,075 | €58,075 | = | 0.0% |
| Amounts payable | 17/49 | €94,948 | €301,847 | +€206,899 | +217.9% |
| Amounts payable after more than one year | 17 | €35,406 | €266,426 | +€231,019 | +652.5% |
| Financial debts | 170/4 | €35,406 | €266,426 | +€231,019 | +652.5% |
| Amounts payable within one year | 42/48 | €59,242 | €34,792 | -€24,450 | -41.3% |
| Current portion of amounts payable after more than one year | 42 | €14,411 | €19,065 | +€4,654 | +32.3% |
| Trade debts | 44 | €6,408 | €6,145 | -€263 | -4.1% |
| Suppliers | 440/4 | €6,408 | €6,145 | -€263 | -4.1% |
| Taxes, remuneration and social security | 45 | €28,867 | €9,582 | -€19,285 | -66.8% |
| Taxes | 450/3 | €18,743 | €5,031 | -€13,712 | -73.2% |
| Remuneration and social security | 454/9 | €10,124 | €4,551 | -€5,573 | -55.0% |
| Other amounts payable | 47/48 | €9,556 | - | -€9,556 | |
| Accrued charges and deferred income | 492/3 | €300 | €630 | +€330 | +110.0% |
| Remuneration, social security and pensions | 62 | €56,843 | €39,788 | -€17,055 | -30.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,208 | €56,143 | +€18,935 | +50.9% |
| Other operating charges | 640/8 | €3,753 | €5,099 | +€1,345 | +35.8% |
| Gross operating margin | 9900 | €134,412 | €141,437 | +€7,025 | +5.2% |
| Operating profit (loss) | 9901 | €36,608 | €40,408 | +€3,800 | +10.4% |
| Financial income | 75/76B | €601 | €1,057 | +€456 | +75.9% |
| Recurring financial income | 75 | €601 | €1,057 | +€456 | +75.9% |
| Financial charges | 65/66B | €5,512 | €8,307 | +€2,795 | +50.7% |
| Recurring financial charges | 65 | €5,512 | €8,307 | +€2,795 | +50.7% |
| Profit (loss) for the period before taxes | 9903 | €31,697 | €33,158 | +€1,461 | +4.6% |
| Income taxes | 67/77 | €15,080 | €24,320 | +€9,240 | +61.3% |
| Profit (loss) for the period | 9904 | €16,617 | €8,838 | -€7,779 | -46.8% |
| Transfer to tax-exempt reserves | 689 | €3,678 | - | -€3,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,939 | €8,838 | -€4,101 | -31.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.