ESPREE EUROPE: 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.
ESPREE EUROPE
Largest movements
- Tangible fixed assets +€1,011
up €1,011 (+4.0%), from €25,481 to €26,492
of which Plant, machinery and equipment: +€1,011
- Receivables within one year +€772
up €772 (+42.0%), from €1,837 to €2,609
- Profit (loss) carried forward +€19,611
up €19,611 (+15.5%), from -€126,274 to -€106,663
- Other debts -€18,751
down €18,751 (-14.6%), from €128,627 to €109,877
- Tax, wage and social debts +€922
new in 2025: €922
- Gross operating margin +€895
up €895 (+41.8%), from -€2,141 to -€1,246
- Other operating charges -€335
down €335 (-36.6%), from €917 to €582
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,354 | €69,136 | +€1,782 | +2.6% |
| Formation expenses | 20 | €474 | €474 | = | 0.0% |
| Fixed assets | 21/28 | €38,344 | €39,355 | +€1,011 | +2.6% |
| Intangible fixed assets | 21 | €12,863 | €12,863 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,481 | €26,492 | +€1,011 | +4.0% |
| Plant, machinery and equipment | 23 | €17,333 | €18,343 | +€1,011 | +5.8% |
| Furniture and vehicles | 24 | €8,148 | €8,148 | = | 0.0% |
| Current assets | 29/58 | €28,535 | €29,307 | +€772 | +2.7% |
| Stocks and contracts in progress | 3 | €26,698 | €26,698 | = | 0.0% |
| Stocks | 30/36 | €26,698 | €26,698 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,837 | €2,609 | +€772 | +42.0% |
| Other amounts receivable | 41 | €1,837 | €2,609 | +€772 | +42.0% |
| Total equity and liabilities | 10/49 | €67,354 | €69,136 | +€1,782 | +2.6% |
| Equity | 10/15 | -€61,274 | -€41,663 | +€19,611 | +32.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€126,274 | -€106,663 | +€19,611 | +15.5% |
| Amounts payable | 17/49 | €128,627 | €110,799 | -€17,829 | -13.9% |
| Amounts payable within one year | 42/48 | €128,627 | €110,799 | -€17,829 | -13.9% |
| Taxes, remuneration and social security | 45 | - | €922 | +€922 | |
| Taxes | 450/3 | - | €922 | +€922 | |
| Other amounts payable | 47/48 | €128,627 | €109,877 | -€18,751 | -14.6% |
| Other operating charges | 640/8 | €917 | €582 | -€335 | -36.6% |
| Gross operating margin | 9900 | -€2,141 | -€1,246 | +€895 | +41.8% |
| Operating profit (loss) | 9901 | -€3,058 | -€1,827 | +€1,231 | +40.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,058 | -€1,827 | +€1,231 | +40.2% |
| Profit (loss) for the period | 9904 | -€3,058 | -€1,827 | +€1,231 | +40.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,058 | -€1,827 | +€1,231 | +40.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.