ESPOO: 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.
ESPOO
Largest movements
- Stocks and contracts +€33,322
up €33,322 (+16.4%), from €202,784 to €236,106
- Cash +€26,903
up €26,903 (+168.9%), from €15,931 to €42,834
mainly Trade debts (+€78,761) and Advances received (+€32,768)
- Tangible fixed assets -€14,573
down €14,573 (-18.7%), from €77,852 to €63,279
of which Other tangible fixed assets: -€19,640
- Receivables within one year +€4,911
up €4,911 (+17.5%), from €28,027 to €32,938
- Trade debts +€78,761
up €78,761 (+99.5%), from €79,190 to €157,951
- Profit (loss) carried forward -€65,510
down €65,510 (-96.1%), from -€68,157 to -€133,667
- Advances received +€32,768
up €32,768 (+79.7%), from €41,089 to €73,857
- Tax, wage and social debts +€12,253
up €12,253 (+26.2%), from €46,697 to €58,950
of which Taxes: +€9,165
- Debts after one year -€8,360
down €8,360 (-27.0%), from €30,917 to €22,557
- Gross operating margin +€60,095
up €60,095 (+1706.6%), from €3,521 to €63,616
- Financial charges +€3,757
up €3,757 (+70.5%), from €5,332 to €9,089
- Staff costs -€3,622
down €3,622 (-3.5%), from €102,375 to €98,752
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €327,806 | €377,054 | +€49,248 | +15.0% |
| Fixed assets | 21/28 | €78,379 | €64,531 | -€13,848 | -17.7% |
| Tangible fixed assets | 22/27 | €77,852 | €63,279 | -€14,573 | -18.7% |
| Furniture and vehicles | 24 | €291 | €5,359 | +€5,068 | +1740.0% |
| Other tangible fixed assets | 26 | €77,561 | €57,921 | -€19,640 | -25.3% |
| Financial fixed assets | 28 | €527 | €1,252 | +€725 | +137.5% |
| Current assets | 29/58 | €249,427 | €312,522 | +€63,096 | +25.3% |
| Stocks and contracts in progress | 3 | €202,784 | €236,106 | +€33,322 | +16.4% |
| Stocks | 30/36 | €202,784 | €236,106 | +€33,322 | +16.4% |
| Amounts receivable within one year | 40/41 | €28,027 | €32,938 | +€4,911 | +17.5% |
| Trade receivables | 40 | €28,027 | €32,938 | +€4,911 | +17.5% |
| Cash at bank and in hand | 54/58 | €15,931 | €42,834 | +€26,903 | +168.9% |
| Deferred charges and accrued income | 490/1 | €2,684 | €643 | -€2,041 | -76.0% |
| Total equity and liabilities | 10/49 | €327,806 | €377,054 | +€49,248 | +15.0% |
| Equity | 10/15 | €38,993 | -€26,517 | -€65,510 | |
| Contributions | 10/11 | €58,600 | €58,600 | = | 0.0% |
| Reserves | 13 | €48,550 | €48,550 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €48,550 | €48,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,157 | -€133,667 | -€65,510 | -96.1% |
| Amounts payable | 17/49 | €288,813 | €403,571 | +€114,757 | +39.7% |
| Amounts payable after more than one year | 17 | €30,917 | €22,557 | -€8,360 | -27.0% |
| Financial debts | 170/4 | €30,917 | €22,557 | -€8,360 | -27.0% |
| Amounts payable within one year | 42/48 | €257,896 | €381,014 | +€123,117 | +47.7% |
| Current portion of amounts payable after more than one year | 42 | €14,020 | €8,360 | -€5,660 | -40.4% |
| Financial debts | 43 | €90 | €0 | -€90 | -100.0% |
| Other loans | 439 | €90 | €0 | -€90 | -100.0% |
| Trade debts | 44 | €79,190 | €157,951 | +€78,761 | +99.5% |
| Suppliers | 440/4 | €79,190 | €157,951 | +€78,761 | +99.5% |
| Advances received on contracts in progress | 46 | €41,089 | €73,857 | +€32,768 | +79.7% |
| Taxes, remuneration and social security | 45 | €46,697 | €58,950 | +€12,253 | +26.2% |
| Taxes | 450/3 | €35,878 | €45,043 | +€9,165 | +25.5% |
| Remuneration and social security | 454/9 | €10,819 | €13,907 | +€3,088 | +28.5% |
| Other amounts payable | 47/48 | €76,810 | €81,896 | +€5,086 | +6.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €102,375 | €98,752 | -€3,622 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,357 | €20,432 | +€75 | +0.4% |
| Other operating charges | 640/8 | €1,413 | €855 | -€558 | -39.5% |
| Gross operating margin | 9900 | €3,521 | €63,616 | +€60,095 | +1706.6% |
| Operating profit (loss) | 9901 | -€120,623 | -€56,423 | +€64,200 | +53.2% |
| Financial income | 75/76B | €292 | €2 | -€290 | -99.4% |
| Recurring financial income | 75 | €292 | €2 | -€290 | -99.4% |
| Financial charges | 65/66B | €5,332 | €9,089 | +€3,757 | +70.5% |
| Recurring financial charges | 65 | €5,332 | €9,089 | +€3,757 | +70.5% |
| Profit (loss) for the period before taxes | 9903 | -€125,663 | -€65,510 | +€60,153 | +47.9% |
| Income taxes | 67/77 | €41 | €0 | -€41 | -100.0% |
| Profit (loss) for the period | 9904 | -€125,704 | -€65,510 | +€60,194 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€125,704 | -€65,510 | +€60,194 | +47.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.