ESRA: 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.
ESRA
Largest movements
- Cash +€19,630
up €19,630 (+867%), from €2,263 to €21,893
mainly Net result for the year (+€12,474) and Stocks and contracts (+€4,015)
- Stocks and contracts -€4,015
down €4,015 (-56.9%), from €7,057 to €3,042
- Deferred charges and accrued income -€1,324
no longer reported in 2025 (was €1,324)
- Receivables within one year -€973
down €973 (-4.4%), from €22,327 to €21,353
of which Other amounts receivable: -€769
- Profit (loss) carried forward +€12,474
up €12,474, from -€595 to €11,879
- Tax, wage and social debts +€3,267
up €3,267 (+107%), from €3,051 to €6,318
of which Taxes: +€1,939
- Trade debts -€2,424
down €2,424 (-25.5%), from €9,513 to €7,089
- Gross operating margin +€14,263
up €14,263 (+39.2%), from €36,430 to €50,692
- Other operating charges -€1,573
down €1,573 (-64.0%), from €2,457 to €884
- Taxes +€564
new in 2025: €564
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.
Derived cash bridge
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 | €33,399 | €46,716 | +€13,317 | +39.9% |
| Fixed assets | 21/28 | €428 | €428 | = | 0.0% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €32,971 | €46,288 | +€13,317 | +40.4% |
| Stocks and contracts in progress | 3 | €7,057 | €3,042 | -€4,015 | -56.9% |
| Stocks | 30/36 | €7,057 | €3,042 | -€4,015 | -56.9% |
| Amounts receivable within one year | 40/41 | €22,327 | €21,353 | -€973 | -4.4% |
| Trade receivables | 40 | €3,202 | €2,997 | -€205 | -6.4% |
| Other amounts receivable | 41 | €19,124 | €18,356 | -€769 | -4.0% |
| Cash at bank and in hand | 54/58 | €2,263 | €21,893 | +€19,630 | +867% |
| Deferred charges and accrued income | 490/1 | €1,324 | - | -€1,324 | |
| Total equity and liabilities | 10/49 | €33,399 | €46,716 | +€13,317 | +39.9% |
| Equity | 10/15 | €20,835 | €33,309 | +€12,474 | +59.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,838 | €2,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €979 | €979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€595 | €11,879 | +€12,474 | |
| Amounts payable | 17/49 | €12,564 | €13,407 | +€843 | +6.7% |
| Amounts payable within one year | 42/48 | €12,564 | €13,407 | +€843 | +6.7% |
| Trade debts | 44 | €9,513 | €7,089 | -€2,424 | -25.5% |
| Suppliers | 440/4 | €9,513 | €7,089 | -€2,424 | -25.5% |
| Taxes, remuneration and social security | 45 | €3,051 | €6,318 | +€3,267 | +107% |
| Taxes | 450/3 | €839 | €2,778 | +€1,939 | +231% |
| Remuneration and social security | 454/9 | €2,211 | €3,539 | +€1,328 | +60.1% |
| Remuneration, social security and pensions | 62 | €33,619 | €33,745 | +€126 | +0.4% |
| Other operating charges | 640/8 | €2,457 | €884 | -€1,573 | -64.0% |
| Non-recurring operating charges | 66A | - | €2,754 | +€2,754 | |
| Gross operating margin | 9900 | €36,430 | €50,692 | +€14,263 | +39.2% |
| Operating profit (loss) | 9901 | €354 | €13,310 | +€12,956 | +3,659% |
| Financial income | 75/76B | €0 | €0 | -€0 | -76.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -76.5% |
| Financial charges | 65/66B | €177 | €272 | +€94 | +53.2% |
| Recurring financial charges | 65 | €177 | €272 | +€94 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €177 | €13,038 | +€12,861 | +7,256% |
| Income taxes | 67/77 | - | €564 | +€564 | |
| Profit (loss) for the period | 9904 | €177 | €12,474 | +€12,297 | +6,938% |
| Profit (loss) for the period to be appropriated | 9905 | €177 | €12,474 | +€12,297 | +6,938% |
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 15 October 2026 via checked.be.