Esplanada: 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.
Esplanada
Largest movements
- Cash -€71,747
down €71,747 (-68.2%), from €105,228 to €33,481
mainly Debts after one year (-€58,354) and Tax, wage and social debts (-€41,085)
- Tangible fixed assets -€28,420
down €28,420 (-1.3%), from €2.2m to €2.1m
of which Land and buildings: -€26,427
- Receivables within one year +€26,219
up €26,219 (+77.3%), from €33,923 to €60,142
of which Other amounts receivable: +€16,364
- Debts after one year -€58,354
down €58,354 (-13.8%), from €422,617 to €364,263
- Tax, wage and social debts -€41,085
down €41,085 (-82.3%), from €49,928 to €8,843
of which Taxes: -€34,606
- Gross operating margin -€109,050
down €109,050 (-32.8%), from €332,511 to €223,461
- Taxes -€32,441
down €32,441 (-74.7%), from €43,441 to €11,000
- Other operating charges -€23,193
down €23,193 (-53.6%), from €43,275 to €20,082
- Staff costs -€8,035
down €8,035 (-7.1%), from €112,491 to €104,456
- Financial charges +€3,893
up €3,893 (+19.1%), from €20,344 to €24,236
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 | €2,299,483 | €2,224,337 | -€75,146 | -3.3% |
| Fixed assets | 21/28 | €2,154,681 | €2,126,261 | -€28,420 | -1.3% |
| Tangible fixed assets | 22/27 | €2,154,681 | €2,126,261 | -€28,420 | -1.3% |
| Land and buildings | 22 | €2,145,882 | €2,119,456 | -€26,427 | -1.2% |
| Plant, machinery and equipment | 23 | €1,726 | €567 | -€1,159 | -67.1% |
| Furniture and vehicles | 24 | €7,072 | €6,238 | -€834 | -11.8% |
| Current assets | 29/58 | €144,802 | €98,076 | -€46,726 | -32.3% |
| Amounts receivable within one year | 40/41 | €33,923 | €60,142 | +€26,219 | +77.3% |
| Trade receivables | 40 | €23,923 | €33,779 | +€9,856 | +41.2% |
| Other amounts receivable | 41 | €10,000 | €26,364 | +€16,364 | +163.6% |
| Cash at bank and in hand | 54/58 | €105,228 | €33,481 | -€71,747 | -68.2% |
| Deferred charges and accrued income | 490/1 | €5,650 | €4,453 | -€1,197 | -21.2% |
| Total equity and liabilities | 10/49 | €2,299,483 | €2,224,337 | -€75,146 | -3.3% |
| Equity | 10/15 | €1,468,176 | €1,487,820 | +€19,644 | +1.3% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Capital | 10 | €150,000 | - | -€150,000 | |
| Issued capital | 100 | €150,000 | - | -€150,000 | |
| Revaluation surpluses | 12 | €1,100,000 | €1,100,000 | = | 0.0% |
| Reserves | 13 | €218,176 | €237,820 | +€19,644 | +9.0% |
| Non-distributable reserves | 130/1 | €15,000 | €0 | -€15,000 | -100.0% |
| Legal reserve | 130 | €15,000 | - | -€15,000 | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €33,653 | €31,129 | -€2,524 | -7.5% |
| Distributable reserves | 133 | €169,523 | €206,691 | +€37,168 | +21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €11,218 | €10,376 | -€841 | -7.5% |
| Deferred taxes | 168 | €11,218 | €10,376 | -€841 | -7.5% |
| Amounts payable | 17/49 | €820,089 | €726,140 | -€93,948 | -11.5% |
| Amounts payable after more than one year | 17 | €422,617 | €364,263 | -€58,354 | -13.8% |
| Financial debts | 170/4 | €422,617 | €364,263 | -€58,354 | -13.8% |
| Amounts payable within one year | 42/48 | €397,472 | €361,753 | -€35,718 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €57,066 | €58,354 | +€1,289 | +2.3% |
| Trade debts | 44 | €12,625 | €6,016 | -€6,609 | -52.4% |
| Suppliers | 440/4 | €12,625 | €6,016 | -€6,609 | -52.4% |
| Advances received on contracts in progress | 46 | €254 | €0 | -€254 | -100.0% |
| Taxes, remuneration and social security | 45 | €49,928 | €8,843 | -€41,085 | -82.3% |
| Taxes | 450/3 | €36,529 | €1,924 | -€34,606 | -94.7% |
| Remuneration and social security | 454/9 | €13,398 | €6,920 | -€6,479 | -48.4% |
| Other amounts payable | 47/48 | €277,599 | €288,540 | +€10,941 | +3.9% |
| Accrued charges and deferred income | 492/3 | - | €124 | +€124 | |
| Non-recurring operating income | 76A | €520 | €520 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €112,491 | €104,456 | -€8,035 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,524 | €44,884 | +€2,360 | +5.5% |
| Other operating charges | 640/8 | €43,275 | €20,082 | -€23,193 | -53.6% |
| Non-recurring operating charges | 66A | €1,695 | €0 | -€1,695 | -100.0% |
| Gross operating margin | 9900 | €332,511 | €223,461 | -€109,050 | -32.8% |
| Operating profit (loss) | 9901 | €132,526 | €54,039 | -€78,487 | -59.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €20,344 | €24,236 | +€3,893 | +19.1% |
| Recurring financial charges | 65 | €20,344 | €24,236 | +€3,893 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | €112,183 | €29,803 | -€82,380 | -73.4% |
| Transfer from deferred taxes | 780 | €841 | €841 | = | 0.0% |
| Income taxes | 67/77 | €43,441 | €11,000 | -€32,441 | -74.7% |
| Profit (loss) for the period | 9904 | €69,583 | €19,644 | -€49,939 | -71.8% |
| Transfer from tax-exempt reserves | 789 | €2,524 | €2,524 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €72,107 | €22,168 | -€49,939 | -69.3% |
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 5 October 2026 via checked.be.