Esplendido: 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.
Esplendido
Largest movements
- Cash +€26,301
up €26,301 (+1875.9%), from €1,402 to €27,704
mainly Receivables within one year (+€23,728) and Investment in fixed assets (net) (+€16,309)
- Receivables within one year -€23,728
down €23,728 (-83.8%), from €28,311 to €4,583
of which Trade receivables: -€22,750
- Tangible fixed assets -€18,621
down €18,621 (-100.0%), from €18,621 to €0
of which Furniture and vehicles: -€15,401
- Trade debts -€21,497
down €21,497 (-82.4%), from €26,092 to €4,595
of which Suppliers: -€21,497
- Profit (loss) carried forward +€14,180
up €14,180 (+24.8%), from -€57,205 to -€43,025
- Other debts -€4,881
down €4,881 (-7.0%), from €69,377 to €64,497
- Tax, wage and social debts -€3,232
down €3,232 (-99.4%), from €3,251 to €19
of which Remuneration and social security: -€3,039
- Current portion of long-term debt -€690
no longer reported in 2026 (was €690)
- Gross operating margin +€11,901
up €11,901 (+171.9%), from €6,921 to €18,821
- Other operating charges -€4,055
down €4,055 (-82.0%), from €4,943 to €888
- Depreciation -€825
down €825 (-26.3%), from €3,136 to €2,312
- Financial income +€470
new in 2026: €470
- Financial charges +€269
up €269 (+36.7%), from €734 to €1,004
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,405 | €32,286 | -€16,119 | -33.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €18,621 | €0 | -€18,621 | -100.0% |
| Tangible fixed assets | 22/27 | €18,621 | €0 | -€18,621 | -100.0% |
| Plant, machinery and equipment | 23 | €908 | - | -€908 | |
| Furniture and vehicles | 24 | €15,401 | - | -€15,401 | |
| Leasing and similar rights | 25 | €2,312 | €0 | -€2,312 | -100.0% |
| Current assets | 29/58 | €29,785 | €32,286 | +€2,502 | +8.4% |
| Amounts receivable within one year | 40/41 | €28,311 | €4,583 | -€23,728 | -83.8% |
| Trade receivables | 40 | €27,105 | €4,355 | -€22,750 | -83.9% |
| Other amounts receivable | 41 | €1,206 | €228 | -€978 | -81.1% |
| Cash at bank and in hand | 54/58 | €1,402 | €27,704 | +€26,301 | +1875.9% |
| Deferred charges and accrued income | 490/1 | €72 | - | -€72 | |
| Total equity and liabilities | 10/49 | €48,405 | €32,286 | -€16,119 | -33.3% |
| Equity | 10/15 | -€51,005 | -€36,825 | +€14,180 | +27.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€57,205 | -€43,025 | +€14,180 | +24.8% |
| Amounts payable | 17/49 | €99,411 | €69,111 | -€30,300 | -30.5% |
| Amounts payable within one year | 42/48 | €99,411 | €69,111 | -€30,300 | -30.5% |
| Current portion of amounts payable after more than one year | 42 | €690 | - | -€690 | |
| Trade debts | 44 | €26,092 | €4,595 | -€21,497 | -82.4% |
| Suppliers | 440/4 | €21,857 | €360 | -€21,497 | -98.4% |
| Bills of exchange payable | 441 | €4,235 | €4,235 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,251 | €19 | -€3,232 | -99.4% |
| Taxes | 450/3 | €212 | €19 | -€193 | -91.0% |
| Remuneration and social security | 454/9 | €3,039 | - | -€3,039 | |
| Other amounts payable | 47/48 | €69,377 | €64,497 | -€4,881 | -7.0% |
| Non-recurring operating income | 76A | - | €4,599 | +€4,599 | |
| Remuneration, social security and pensions | 62 | -€13 | - | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,136 | €2,312 | -€825 | -26.3% |
| Other operating charges | 640/8 | €4,943 | €888 | -€4,055 | -82.0% |
| Non-recurring operating charges | 66A | - | €908 | +€908 | |
| Gross operating margin | 9900 | €6,921 | €18,821 | +€11,901 | +171.9% |
| Operating profit (loss) | 9901 | -€1,145 | €14,713 | +€15,858 | |
| Financial income | 75/76B | - | €470 | +€470 | |
| Recurring financial income | 75 | - | €470 | +€470 | |
| Financial charges | 65/66B | €734 | €1,004 | +€269 | +36.7% |
| Recurring financial charges | 65 | €734 | €1,004 | +€269 | +36.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,879 | €14,180 | +€16,060 | |
| Profit (loss) for the period | 9904 | -€1,879 | €14,180 | +€16,060 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,879 | €14,180 | +€16,060 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.