ESPRITT: 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.
ESPRITT
Largest movements
- Stocks and contracts +€107,795
up €107,795 (+20.0%), from €539,405 to €647,200
- Receivables within one year -€56,805
down €56,805 (-20.8%), from €272,546 to €215,741
of which Trade receivables: -€56,805
- Tangible fixed assets -€36,591
down €36,591 (-40.5%), from €90,360 to €53,769
of which Furniture and vehicles: -€27,552
- Cash +€30,269
up €30,269 (+293.8%), from €10,303 to €40,573
mainly Other debts (+€242,347) and Receivables within one year (+€56,805)
- Other debts +€242,347
up €242,347 (+368.1%), from €65,830 to €308,178
- Short-term financial debts -€106,950
down €106,950 (-100.0%), from €106,950 to €0
- Trade debts -€102,183
down €102,183 (-65.8%), from €155,220 to €53,037
- Tax, wage and social debts +€27,449
up €27,449 (+33.9%), from €80,932 to €108,381
of which Taxes: +€29,079
- Debts after one year -€15,048
down €15,048 (-51.1%), from €29,467 to €14,420
- Staff costs +€13,465
up €13,465 (+5.7%), from €237,252 to €250,717
- Gross operating margin +€9,515
up €9,515 (+3.0%), from €322,389 to €331,904
- Financial charges -€8,095
down €8,095 (-33.7%), from €24,031 to €15,936
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 | €918,965 | €961,420 | +€42,456 | +4.6% |
| Fixed assets | 21/28 | €95,118 | €56,255 | -€38,863 | -40.9% |
| Intangible fixed assets | 21 | €4,758 | €2,486 | -€2,272 | -47.7% |
| Tangible fixed assets | 22/27 | €90,360 | €53,769 | -€36,591 | -40.5% |
| Plant, machinery and equipment | 23 | €9,626 | €5,706 | -€3,921 | -40.7% |
| Furniture and vehicles | 24 | €52,705 | €25,153 | -€27,552 | -52.3% |
| Other tangible fixed assets | 26 | €28,029 | €22,911 | -€5,118 | -18.3% |
| Current assets | 29/58 | €823,847 | €905,165 | +€81,318 | +9.9% |
| Stocks and contracts in progress | 3 | €539,405 | €647,200 | +€107,795 | +20.0% |
| Stocks | 30/36 | €539,405 | €647,200 | +€107,795 | +20.0% |
| Amounts receivable within one year | 40/41 | €272,546 | €215,741 | -€56,805 | -20.8% |
| Trade receivables | 40 | €272,546 | €215,741 | -€56,805 | -20.8% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,303 | €40,573 | +€30,269 | +293.8% |
| Deferred charges and accrued income | 490/1 | €1,592 | €1,651 | +€59 | +3.7% |
| Total equity and liabilities | 10/49 | €918,965 | €961,420 | +€42,456 | +4.6% |
| Equity | 10/15 | €450,462 | €458,600 | +€8,139 | +1.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €430,462 | €438,600 | +€8,139 | +1.9% |
| Distributable reserves | 133 | €430,462 | €438,600 | +€8,139 | +1.9% |
| Amounts payable | 17/49 | €468,503 | €502,820 | +€34,317 | +7.3% |
| Amounts payable after more than one year | 17 | €29,467 | €14,420 | -€15,048 | -51.1% |
| Financial debts | 170/4 | €29,467 | €14,420 | -€15,048 | -51.1% |
| Amounts payable within one year | 42/48 | €436,583 | €484,643 | +€48,060 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €27,651 | €15,048 | -€12,603 | -45.6% |
| Financial debts | 43 | €106,950 | €0 | -€106,950 | -100.0% |
| Credit institutions | 430/8 | €106,950 | €0 | -€106,950 | -100.0% |
| Trade debts | 44 | €155,220 | €53,037 | -€102,183 | -65.8% |
| Suppliers | 440/4 | €155,220 | €53,037 | -€102,183 | -65.8% |
| Taxes, remuneration and social security | 45 | €80,932 | €108,381 | +€27,449 | +33.9% |
| Taxes | 450/3 | €47,679 | €76,758 | +€29,079 | +61.0% |
| Remuneration and social security | 454/9 | €33,253 | €31,623 | -€1,630 | -4.9% |
| Other amounts payable | 47/48 | €65,830 | €308,178 | +€242,347 | +368.1% |
| Accrued charges and deferred income | 492/3 | €2,452 | €3,757 | +€1,305 | +53.2% |
| Remuneration, social security and pensions | 62 | €237,252 | €250,717 | +€13,465 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,571 | €37,893 | +€323 | +0.9% |
| Other operating charges | 640/8 | €11,003 | €13,862 | +€2,859 | +26.0% |
| Non-recurring operating charges | 66A | €0 | €969 | +€969 | |
| Gross operating margin | 9900 | €322,389 | €331,904 | +€9,515 | +3.0% |
| Operating profit (loss) | 9901 | €36,563 | €28,463 | -€8,101 | -22.2% |
| Financial income | 75/76B | €1,060 | €235 | -€824 | -77.8% |
| Recurring financial income | 75 | €1,060 | €235 | -€824 | -77.8% |
| Financial charges | 65/66B | €24,031 | €15,936 | -€8,095 | -33.7% |
| Recurring financial charges | 65 | €24,031 | €15,936 | -€8,095 | -33.7% |
| Profit (loss) for the period before taxes | 9903 | €13,592 | €12,762 | -€830 | -6.1% |
| Income taxes | 67/77 | €3,659 | €4,623 | +€964 | +26.3% |
| Profit (loss) for the period | 9904 | €9,933 | €8,139 | -€1,794 | -18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €9,933 | €8,139 | -€1,794 | -18.1% |
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 10 October 2026 via checked.be.