ESPLAN: 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.
ESPLAN
Largest movements
- Tangible fixed assets -€33,537
down €33,537 (-2.7%), from €1.2m to €1.2m
- Receivables within one year +€31,724
up €31,724 (+10.0%), from €318,000 to €349,724
- Cash -€18,491
down €18,491 (-78.6%), from €23,514 to €5,023
mainly Debts after one year (-€70,844) and Receivables within one year (-€31,724)
- Debts after one year -€70,844
down €70,844 (-31.7%), from €223,669 to €152,825
- Profit (loss) carried forward +€45,066
up €45,066 (+34.3%), from -€131,282 to -€86,216
- Depreciation -€55,712
down €55,712 (-62.4%), from €89,249 to €33,537
- Gross operating margin -€24,007
down €24,007 (-17.9%), from €134,269 to €110,262
- Taxes -€7,646
down €7,646 (-33.1%), from €23,125 to €15,479
- Other operating charges +€5,361
up €5,361 (+554%), from €967 to €6,328
- Financial charges -€2,878
down €2,878 (-22.6%), from €12,729 to €9,851
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 | €1,589,677 | €1,569,373 | -€20,304 | -1.3% |
| Fixed assets | 21/28 | €1,244,969 | €1,211,432 | -€33,537 | -2.7% |
| Tangible fixed assets | 22/27 | €1,244,969 | €1,211,432 | -€33,537 | -2.7% |
| Land and buildings | 22 | €1,244,969 | €1,211,432 | -€33,537 | -2.7% |
| Current assets | 29/58 | €344,708 | €357,940 | +€13,232 | +3.8% |
| Amounts receivable within one year | 40/41 | €318,000 | €349,724 | +€31,724 | +10.0% |
| Other amounts receivable | 41 | €318,000 | €349,724 | +€31,724 | +10.0% |
| Cash at bank and in hand | 54/58 | €23,514 | €5,023 | -€18,491 | -78.6% |
| Deferred charges and accrued income | 490/1 | €3,194 | €3,194 | -€0 | 0.0% |
| Total equity and liabilities | 10/49 | €1,589,677 | €1,569,373 | -€20,304 | -1.3% |
| Equity | 10/15 | €1,236,510 | €1,281,576 | +€45,066 | +3.6% |
| Contributions | 10/11 | €247,894 | €247,894 | -€0 | 0.0% |
| Capital | 10 | €247,894 | €247,894 | -€0 | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | -€0 | 0.0% |
| Revaluation surpluses | 12 | €727,934 | €727,934 | -€0 | 0.0% |
| Reserves | 13 | €391,964 | €391,964 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €391,964 | €391,964 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | - | €391,964 | +€391,964 | |
| Other | 1319 | €391,964 | - | -€391,964 | |
| Profit (loss) carried forward | 14 | -€131,282 | -€86,216 | +€45,066 | +34.3% |
| Amounts payable | 17/49 | €353,167 | €287,797 | -€65,370 | -18.5% |
| Amounts payable after more than one year | 17 | €223,669 | €152,825 | -€70,844 | -31.7% |
| Financial debts | 170/4 | €223,669 | €152,825 | -€70,844 | -31.7% |
| Amounts payable within one year | 42/48 | €126,201 | €131,678 | +€5,477 | +4.3% |
| Current portion of amounts payable after more than one year | 42 | €67,576 | €70,244 | +€2,668 | +3.9% |
| Trade debts | 44 | €1,500 | €830 | -€670 | -44.6% |
| Suppliers | 440/4 | €1,500 | €830 | -€670 | -44.6% |
| Taxes, remuneration and social security | 45 | €19,125 | €24,604 | +€5,479 | +28.6% |
| Taxes | 450/3 | €19,125 | €24,604 | +€5,479 | +28.6% |
| Other amounts payable | 47/48 | €38,000 | €36,000 | -€2,000 | -5.3% |
| Accrued charges and deferred income | 492/3 | €3,297 | €3,293 | -€4 | -0.1% |
| Non-recurring operating income | 76A | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,249 | €33,537 | -€55,712 | -62.4% |
| Other operating charges | 640/8 | €967 | €6,328 | +€5,361 | +554% |
| Gross operating margin | 9900 | €134,269 | €110,262 | -€24,007 | -17.9% |
| Operating profit (loss) | 9901 | €44,053 | €70,397 | +€26,344 | +59.8% |
| Financial charges | 65/66B | €12,729 | €9,851 | -€2,878 | -22.6% |
| Recurring financial charges | 65 | €12,729 | €9,851 | -€2,878 | -22.6% |
| Profit (loss) for the period before taxes | 9903 | €31,324 | €60,545 | +€29,221 | +93.3% |
| Income taxes | 67/77 | €23,125 | €15,479 | -€7,646 | -33.1% |
| Profit (loss) for the period | 9904 | €8,199 | €45,066 | +€36,867 | +450% |
| Profit (loss) for the period to be appropriated | 9905 | €8,199 | €45,066 | +€36,867 | +450% |
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 16 October 2026 via checked.be.