ESSANCE: what changed
Two fiscal 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.
ESSANCE
Largest movements
- Cash -€67,073
down €67,073 (-65.0%), from €103,237 to €36,164
mainly Investment in fixed assets (net) (-€82,109) and Debts after one year (-€76,972)
- Tangible fixed assets +€27,082
up €27,082 (+7.4%), from €366,443 to €393,526
of which Plant, machinery and equipment: +€58,964
- Receivables within one year -€16,224
down €16,224 (-49.8%), from €32,560 to €16,336
of which Trade receivables: -€16,224
- Intangible fixed assets -€9,806
down €9,806 (-22.3%), from €43,972 to €34,166
- Stocks and contracts +€9,094
up €9,094 (+12.2%), from €74,639 to €83,733
- Debts after one year -€76,972
down €76,972 (-26.1%), from €295,035 to €218,063
- Trade debts +€41,638
up €41,638 (+158.7%), from €26,236 to €67,874
- Profit (loss) carried forward -€37,949
down €37,949 (-35.0%), from -€108,446 to -€146,395
- Current portion of long-term debt +€12,001
up €12,001 (+25.3%), from €47,371 to €59,371
- Gross operating margin +€82,737
up €82,737 (+113.8%), from €72,728 to €155,465
- Staff costs +€45,029
up €45,029 (+68.9%), from €65,371 to €110,400
- Depreciation +€37,897
up €37,897 (+121.5%), from €31,181 to €69,077
- Financial charges +€7,123
up €7,123 (+102.4%), from €6,954 to €14,078
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 | €629,196 | €568,063 | -€61,133 | -9.7% |
| Formation expenses | 20 | €4,245 | - | -€4,245 | |
| Fixed assets | 21/28 | €410,416 | €427,692 | +€17,276 | +4.2% |
| Intangible fixed assets | 21 | €43,972 | €34,166 | -€9,806 | -22.3% |
| Tangible fixed assets | 22/27 | €366,443 | €393,526 | +€27,082 | +7.4% |
| Land and buildings | 22 | €3,215 | €6,211 | +€2,996 | +93.2% |
| Plant, machinery and equipment | 23 | €17,478 | €76,442 | +€58,964 | +337.4% |
| Furniture and vehicles | 24 | €1,265 | €953 | -€312 | -24.7% |
| Leasing and similar rights | 25 | €344,486 | €309,920 | -€34,565 | -10.0% |
| Current assets | 29/58 | €214,535 | €140,371 | -€74,164 | -34.6% |
| Stocks and contracts in progress | 3 | €74,639 | €83,733 | +€9,094 | +12.2% |
| Stocks | 30/36 | €74,639 | €83,733 | +€9,094 | +12.2% |
| Amounts receivable within one year | 40/41 | €32,560 | €16,336 | -€16,224 | -49.8% |
| Trade receivables | 40 | €32,080 | €15,856 | -€16,224 | -50.6% |
| Other amounts receivable | 41 | €480 | €480 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €103,237 | €36,164 | -€67,073 | -65.0% |
| Deferred charges and accrued income | 490/1 | €4,099 | €4,138 | +€39 | +1.0% |
| Total equity and liabilities | 10/49 | €629,196 | €568,063 | -€61,133 | -9.7% |
| Equity | 10/15 | €91,554 | €53,605 | -€37,949 | -41.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,446 | -€146,395 | -€37,949 | -35.0% |
| Amounts payable | 17/49 | €537,642 | €514,458 | -€23,184 | -4.3% |
| Amounts payable after more than one year | 17 | €295,035 | €218,063 | -€76,972 | -26.1% |
| Financial debts | 170/4 | €295,035 | €218,063 | -€76,972 | -26.1% |
| Amounts payable within one year | 42/48 | €236,601 | €296,395 | +€59,794 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €47,371 | €59,371 | +€12,001 | +25.3% |
| Trade debts | 44 | €26,236 | €67,874 | +€41,638 | +158.7% |
| Suppliers | 440/4 | €26,236 | €67,874 | +€41,638 | +158.7% |
| Taxes, remuneration and social security | 45 | €20,309 | €20,395 | +€86 | +0.4% |
| Taxes | 450/3 | €10,058 | €8,663 | -€1,395 | -13.9% |
| Remuneration and social security | 454/9 | €10,251 | €11,732 | +€1,482 | +14.5% |
| Other amounts payable | 47/48 | €142,686 | €148,755 | +€6,069 | +4.3% |
| Accrued charges and deferred income | 492/3 | €6,005 | - | -€6,005 | |
| Non-recurring operating income | 76A | - | €122,500 | +€122,500 | |
| Remuneration, social security and pensions | 62 | €65,371 | €110,400 | +€45,029 | +68.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,181 | €69,077 | +€37,897 | +121.5% |
| Other operating charges | 640/8 | €449 | €462 | +€12 | +2.8% |
| Non-recurring operating charges | 66A | €29,343 | - | -€29,343 | |
| Gross operating margin | 9900 | €72,728 | €155,465 | +€82,737 | +113.8% |
| Operating profit (loss) | 9901 | -€53,617 | -€24,474 | +€29,142 | +54.4% |
| Financial income | 75/76B | €0 | €603 | +€603 | +753875.0% |
| Recurring financial income | 75 | €0 | €603 | +€603 | +753875.0% |
| Financial charges | 65/66B | €6,954 | €14,078 | +€7,123 | +102.4% |
| Recurring financial charges | 65 | €6,954 | €14,078 | +€7,123 | +102.4% |
| Profit (loss) for the period before taxes | 9903 | -€60,571 | -€37,949 | +€22,622 | +37.3% |
| Profit (loss) for the period | 9904 | -€60,571 | -€37,949 | +€22,622 | +37.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,571 | -€37,949 | +€22,622 | +37.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.