ESSA: 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.
ESSA
Largest movements
- Receivables within one year +€69,116
up €69,116 (+168%), from €41,096 to €110,212
of which Trade receivables: +€70,674
- Cash -€39,053
down €39,053 (-54.0%), from €72,266 to €33,213
mainly Receivables within one year (-€69,116) and Other debts (-€31,082)
- Stocks and contracts +€3,634
up €3,634 (+8.8%), from €41,460 to €45,094
- Tangible fixed assets -€2,981
down €2,981 (-64.5%), from €4,621 to €1,639
- Profit (loss) carried forward +€42,440
up €42,440 (+50.5%), from €84,053 to €126,493
- Other debts -€31,082
down €31,082 (-69.6%), from €44,655 to €13,574
- Tax, wage and social debts +€13,573
up €13,573 (+168%), from €8,059 to €21,632
of which Taxes: +€10,573
- Trade debts +€5,785
up €5,785 (+137%), from €4,215 to €10,000
- Gross operating margin +€5,637
up €5,637 (+8.4%), from €66,849 to €72,486
- Taxes +€4,959
up €4,959 (+40.2%), from €12,332 to €17,291
- Financial charges -€4,874
down €4,874 (-57.5%), from €8,481 to €3,607
- Other operating charges -€2,555
down €2,555 (-27.0%), from €9,475 to €6,920
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 | €161,442 | €192,159 | +€30,716 | +19.0% |
| Fixed assets | 21/28 | €6,621 | €3,639 | -€2,981 | -45.0% |
| Tangible fixed assets | 22/27 | €4,621 | €1,639 | -€2,981 | -64.5% |
| Plant, machinery and equipment | 23 | €4,621 | €1,639 | -€2,981 | -64.5% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €154,822 | €188,519 | +€33,698 | +21.8% |
| Stocks and contracts in progress | 3 | €41,460 | €45,094 | +€3,634 | +8.8% |
| Stocks | 30/36 | €41,460 | €45,094 | +€3,634 | +8.8% |
| Amounts receivable within one year | 40/41 | €41,096 | €110,212 | +€69,116 | +168% |
| Trade receivables | 40 | €38,315 | €108,989 | +€70,674 | +184% |
| Other amounts receivable | 41 | €2,780 | €1,223 | -€1,557 | -56.0% |
| Cash at bank and in hand | 54/58 | €72,266 | €33,213 | -€39,053 | -54.0% |
| Total equity and liabilities | 10/49 | €161,442 | €192,159 | +€30,716 | +19.0% |
| Equity | 10/15 | €104,513 | €146,953 | +€42,440 | +40.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84,053 | €126,493 | +€42,440 | +50.5% |
| Amounts payable | 17/49 | €56,930 | €45,206 | -€11,724 | -20.6% |
| Amounts payable within one year | 42/48 | €56,930 | €45,206 | -€11,724 | -20.6% |
| Trade debts | 44 | €4,215 | €10,000 | +€5,785 | +137% |
| Suppliers | 440/4 | €4,215 | €10,000 | +€5,785 | +137% |
| Taxes, remuneration and social security | 45 | €8,059 | €21,632 | +€13,573 | +168% |
| Taxes | 450/3 | €8,059 | €18,632 | +€10,573 | +131% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €44,655 | €13,574 | -€31,082 | -69.6% |
| Non-recurring operating income | 76A | €2,378 | - | -€2,378 | |
| Remuneration, social security and pensions | 62 | €708 | €419 | -€289 | -40.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,981 | €2,981 | = | 0.0% |
| Other operating charges | 640/8 | €9,475 | €6,920 | -€2,555 | -27.0% |
| Gross operating margin | 9900 | €66,849 | €72,486 | +€5,637 | +8.4% |
| Operating profit (loss) | 9901 | €53,685 | €62,166 | +€8,481 | +15.8% |
| Financial income | 75/76B | €1,796 | €1,173 | -€623 | -34.7% |
| Recurring financial income | 75 | €1,796 | €1,173 | -€623 | -34.7% |
| Financial charges | 65/66B | €8,481 | €3,607 | -€4,874 | -57.5% |
| Recurring financial charges | 65 | €8,481 | €3,607 | -€4,874 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €47,000 | €59,731 | +€12,731 | +27.1% |
| Income taxes | 67/77 | €12,332 | €17,291 | +€4,959 | +40.2% |
| Profit (loss) for the period | 9904 | €34,667 | €42,440 | +€7,773 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,667 | €42,440 | +€7,773 | +22.4% |
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 27 October 2026 via checked.be.