Essaho: 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.
Essaho
Largest movements
- Receivables within one year -€578,427
down €578,427 (-100%), from €578,427 to €0
of which Other amounts receivable: -€305,348
- Cash -€341,826
down €341,826 (-81.2%), from €420,806 to €78,980
mainly Contributions, distributions and other (-€6.3m) and Current portion of long-term debt (-€750,000)
- Contributions -€5.6m
down €5.6m (-39.2%), from €14.3m to €8.7m
- Reserves +€4.6m
up €4.6m (+257%), from €1.8m to €6.4m
- Debts after one year +€990,000
up €990,000 (+6.9%), from €14.3m to €15.2m
- Current portion of long-term debt -€750,000
down €750,000 (-100%), from €750,000 to €0
- Financial income +€5.0m
up €5.0m (+384%), from €1.3m to €6.3m
- Financial charges +€425,924
up €425,924 (+62.3%), from €683,792 to €1.1m
- Turnover +€139,538
up €139,538 (+12.6%), from €1.1m to €1.2m
- Services and other goods +€124,272
up €124,272 (+12.3%), from €1.0m to €1.1m
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 | €31,499,791 | €30,583,673 | -€916,118 | -2.9% |
| Fixed assets | 21/28 | €30,500,000 | €30,503,722 | +€3,722 | 0.0% |
| Intangible fixed assets | 21 | - | €3,722 | +€3,722 | |
| Financial fixed assets | 28 | €30,500,000 | €30,500,000 | = | 0.0% |
| Affiliated companies | 280/1 | €30,500,000 | €30,500,000 | = | 0.0% |
| Participating interests | 280 | €30,500,000 | €30,500,000 | = | 0.0% |
| Current assets | 29/58 | €999,791 | €79,950 | -€919,840 | -92.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €578,427 | €0 | -€578,427 | -100% |
| Trade receivables | 40 | €273,079 | €0 | -€273,079 | -100% |
| Other amounts receivable | 41 | €305,348 | €0 | -€305,348 | -100% |
| Cash at bank and in hand | 54/58 | €420,806 | €78,980 | -€341,826 | -81.2% |
| Deferred charges and accrued income | 490/1 | €557 | €970 | +€413 | +74.0% |
| Total equity and liabilities | 10/49 | €31,499,791 | €30,583,673 | -€916,118 | -2.9% |
| Equity | 10/15 | €16,037,665 | €15,042,773 | -€994,893 | -6.2% |
| Contributions | 10/11 | €14,250,000 | €8,659,171 | -€5.6m | -39.2% |
| Reserves | 13 | €1,787,665 | €6,383,602 | +€4.6m | +257% |
| Distributable reserves | 133 | €1,787,665 | €6,383,602 | +€4.6m | +257% |
| Amounts payable | 17/49 | €15,462,125 | €15,540,900 | +€78,775 | +0.5% |
| Amounts payable after more than one year | 17 | €14,250,000 | €15,240,000 | +€990,000 | +6.9% |
| Financial debts | 170/4 | €14,250,000 | €15,240,000 | +€990,000 | +6.9% |
| Subordinated loans | 170 | €5,000,000 | €15,240,000 | +€10.2m | +205% |
| Credit institutions | 173 | €9,250,000 | €0 | -€9.3m | -100% |
| Amounts payable within one year | 42/48 | €893,622 | €72,184 | -€821,438 | -91.9% |
| Current portion of amounts payable after more than one year | 42 | €750,000 | €0 | -€750,000 | -100% |
| Trade debts | 44 | €143,622 | €55,139 | -€88,483 | -61.6% |
| Suppliers | 440/4 | €143,622 | €55,139 | -€88,483 | -61.6% |
| Taxes, remuneration and social security | 45 | - | €17,045 | +€17,045 | |
| Taxes | 450/3 | - | €17,045 | +€17,045 | |
| Accrued charges and deferred income | 492/3 | €318,503 | €228,716 | -€89,787 | -28.2% |
| Operating income | 70/76A | €1,109,286 | €1,248,824 | +€139,538 | +12.6% |
| Turnover | 70 | €1,109,286 | €1,248,824 | +€139,538 | +12.6% |
| Operating charges | 60/66A | €1,008,970 | €1,134,001 | +€125,031 | +12.4% |
| Services and other goods | 61 | €1,008,442 | €1,132,714 | +€124,272 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €190 | +€190 | |
| Other operating charges | 640/8 | €528 | €1,097 | +€570 | +108% |
| Operating profit (loss) | 9901 | €100,316 | €114,823 | +€14,506 | +14.5% |
| Financial income | 75/76B | €1,300,000 | €6,292,200 | +€5.0m | +384% |
| Recurring financial income | 75 | €1,300,000 | €6,292,200 | +€5.0m | +384% |
| Income from financial fixed assets | 750 | €1,300,000 | €6,292,200 | +€5.0m | +384% |
| Financial charges | 65/66B | €683,792 | €1,109,715 | +€425,924 | +62.3% |
| Recurring financial charges | 65 | €683,792 | €1,109,715 | +€425,924 | +62.3% |
| Debt charges | 650 | €683,227 | €1,015,793 | +€332,567 | +48.7% |
| Other financial charges | 652/9 | €565 | €93,922 | +€93,357 | +16,523% |
| Profit (loss) for the period before taxes | 9903 | €716,525 | €5,297,307 | +€4.6m | +639% |
| Profit (loss) for the period | 9904 | €716,525 | €5,297,307 | +€4.6m | +639% |
| Profit (loss) for the period to be appropriated | 9905 | €716,525 | €5,297,307 | +€4.6m | +639% |
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 18 October 2026 via checked.be.