ESROH: 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.
ESROH
Largest movements
- Cash +€577,343
up €577,343 (+136%), from €425,147 to €1.0m
mainly Net result for the year (+€812,028) and Other debts (+€76,447)
- Receivables within one year -€37,724
down €37,724 (-91.7%), from €41,145 to €3,421
of which Trade receivables: -€41,143
- Tangible fixed assets -€26,737
down €26,737 (-9.5%), from €281,210 to €254,472
of which Furniture and vehicles: -€15,221
- Reserves +€412,028
up €412,028 (+110%), from €375,333 to €787,361
of which Distributable reserves: +€209,948
- Other debts +€76,447
up €76,447 (+23.6%), from €323,400 to €399,846
- Tax, wage and social debts +€24,038
up €24,038 (+91.0%), from €26,409 to €50,446
- Gross operating margin +€708,161
up €708,161 (+176%), from €401,562 to €1.1m
- Taxes +€186,200
up €186,200 (+212%), from €87,857 to €274,057
- Financial income -€37,434
down €37,434 (-85.2%), from €43,950 to €6,515
of which Non-recurring financial income: -€33,008
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 | €747,501 | €1,260,383 | +€512,882 | +68.6% |
| Fixed assets | 21/28 | €281,210 | €254,472 | -€26,737 | -9.5% |
| Tangible fixed assets | 22/27 | €281,210 | €254,472 | -€26,737 | -9.5% |
| Land and buildings | 22 | €225,188 | €213,671 | -€11,517 | -5.1% |
| Furniture and vehicles | 24 | €56,022 | €40,802 | -€15,221 | -27.2% |
| Current assets | 29/58 | €466,291 | €1,005,911 | +€539,619 | +116% |
| Amounts receivable within one year | 40/41 | €41,145 | €3,421 | -€37,724 | -91.7% |
| Trade receivables | 40 | €41,143 | - | -€41,143 | |
| Other amounts receivable | 41 | €2 | €3,421 | +€3,419 | +169,237% |
| Cash at bank and in hand | 54/58 | €425,147 | €1,002,490 | +€577,343 | +136% |
| Total equity and liabilities | 10/49 | €747,501 | €1,260,383 | +€512,882 | +68.6% |
| Equity | 10/15 | €393,933 | €805,961 | +€412,028 | +105% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €375,333 | €787,361 | +€412,028 | +110% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €202,080 | +€202,080 | |
| Distributable reserves | 133 | €373,473 | €583,421 | +€209,948 | +56.2% |
| Amounts payable | 17/49 | €353,569 | €454,422 | +€100,854 | +28.5% |
| Amounts payable within one year | 42/48 | €353,569 | €454,422 | +€100,854 | +28.5% |
| Trade debts | 44 | €3,760 | €4,130 | +€370 | +9.8% |
| Suppliers | 440/4 | €3,760 | €4,130 | +€370 | +9.8% |
| Taxes, remuneration and social security | 45 | €26,409 | €50,446 | +€24,038 | +91.0% |
| Taxes | 450/3 | €26,409 | €50,446 | +€24,038 | +91.0% |
| Other amounts payable | 47/48 | €323,400 | €399,846 | +€76,447 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,857 | €28,596 | -€2,262 | -7.3% |
| Other operating charges | 640/8 | €1,109 | €1,143 | +€34 | +3.1% |
| Gross operating margin | 9900 | €401,562 | €1,109,724 | +€708,161 | +176% |
| Operating profit (loss) | 9901 | €369,596 | €1,079,985 | +€710,389 | +192% |
| Financial income | 75/76B | €43,950 | €6,515 | -€37,434 | -85.2% |
| Recurring financial income | 75 | €10,942 | €6,515 | -€4,426 | -40.5% |
| Non-recurring financial income | 76B | €33,008 | - | -€33,008 | |
| Financial charges | 65/66B | €2,289 | €415 | -€1,874 | -81.9% |
| Recurring financial charges | 65 | €2,289 | €415 | -€1,874 | -81.9% |
| Profit (loss) for the period before taxes | 9903 | €411,256 | €1,086,085 | +€674,829 | +164% |
| Income taxes | 67/77 | €87,857 | €274,057 | +€186,200 | +212% |
| Profit (loss) for the period | 9904 | €323,400 | €812,028 | +€488,629 | +151% |
| Transfer to tax-exempt reserves | 689 | - | €202,080 | +€202,080 | |
| Profit (loss) for the period to be appropriated | 9905 | €323,400 | €609,948 | +€286,549 | +88.6% |
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 25 October 2026 via checked.be.