ESSE: what changed
What changed
ESSE
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
filed annual accounts (NBB)
Net result for the year
€39,726
2024 · €27,598+€12,127
Equity
€729,253
2024 · €689,527+€39,726
Cash
€24,065
2024 · €22,530+€1,535
Balance sheet total
€1.6m
2024 · €1.6m-€44,139
Largest movements
Assets
- Tangible fixed assets -€95,831
down €95,831 (-6.4%), from €1.5m to €1.4m
of which Land and buildings: -€49,587
- Receivables within one year +€43,222
up €43,222 (+8,311%), from €520 to €43,742
of which Trade receivables: +€30,205
Equity and liabilities
- Debts after one year -€81,276
down €81,276 (-13.3%), from €613,385 to €532,110
of which Financial debts: -€81,276
- Reserves +€39,541
up €39,541 (+20.3%), from €194,361 to €233,902
of which Distributable reserves: +€41,000
- Other debts -€25,243
down €25,243 (-21.6%), from €116,947 to €91,704
- Trade debts +€19,040
up €19,040 (+44.2%), from €43,041 to €62,081
Income statement
- Gross operating margin -€17,017
down €17,017 (-7.0%), from €243,274 to €226,257
- Staff costs -€8,070
down €8,070 (-17.6%), from €45,860 to €37,790
- Taxes +€7,994
up €7,994 (+55.3%), from €14,456 to €22,449
- Financial charges -€3,026
down €3,026 (-15.5%), from €19,502 to €16,476
- Depreciation -€2,725
down €2,725 (-2.5%), from €109,756 to €107,031
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€27,598
Gross operating margin
-€17,017
Staff costs
+€8,070
Depreciation
+€2,725
Write-downs
+€104
Other operating charges
+€154
Other operating items
+€23,061
Financial income
-€3
Financial charges
+€3,026
Taxes
-€7,994
Result 2025
€39,726
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€92,643
Investment
-€11,200
Financing
-€79,908
Cash 2024
€22,530
From operations (derived)
+€92,643
Net result for the year
+€39,726
Depreciation
+€107,031
Receivables within one year
-€43,222
Deferred charges and accrued income
-€6,935
Provisions
-€486
Trade debts
+€19,040
Tax, wage and social debts
+€9,907
Other debts
-€25,243
Accrued charges and deferred income
-€7,175
Investment (derived)
-€11,200
Investment in fixed assets (net)
-€11,200
Financing
-€79,908
Debts after one year
-€81,276
Current portion of long-term debt
+€1,368
Cash 2025
€24,065
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,623,007 | €1,578,869 | -€44,139 | -2.7% |
| Formation expenses | 20 | €2,500 | €2,500 | = | 0.0% |
| Fixed assets | 21/28 | €1,499,078 | €1,403,247 | -€95,831 | -6.4% |
| Tangible fixed assets | 22/27 | €1,499,078 | €1,403,247 | -€95,831 | -6.4% |
| Land and buildings | 22 | €1,195,446 | €1,145,860 | -€49,587 | -4.1% |
| Plant, machinery and equipment | 23 | €303,632 | €257,388 | -€46,245 | -15.2% |
| Current assets | 29/58 | €121,428 | €173,121 | +€51,693 | +42.6% |
| Amounts receivable within one year | 40/41 | €520 | €43,742 | +€43,222 | +8,311% |
| Trade receivables | 40 | - | €30,205 | +€30,205 | |
| Other amounts receivable | 41 | €520 | €13,537 | +€13,017 | +2,503% |
| Cash at bank and in hand | 54/58 | €22,530 | €24,065 | +€1,535 | +6.8% |
| Deferred charges and accrued income | 490/1 | €98,378 | €105,314 | +€6,935 | +7.0% |
| Total equity and liabilities | 10/49 | €1,623,007 | €1,578,869 | -€44,139 | -2.7% |
| Equity | 10/15 | €689,527 | €729,253 | +€39,726 | +5.8% |
| Contributions | 10/11 | €86,167 | €86,167 | = | 0.0% |
| Capital | 10 | €86,167 | €86,167 | = | 0.0% |
| Issued capital | 100 | €156,419 | €156,419 | = | 0.0% |
| Uncalled capital | 101 | €70,252 | €70,252 | = | 0.0% |
| Reserves | 13 | €194,361 | €233,902 | +€39,541 | +20.3% |
| Non-distributable reserves | 130/1 | €15,642 | €15,642 | = | 0.0% |
| Legal reserve | 130 | €15,642 | €15,642 | = | 0.0% |
| Tax-exempt reserves | 132 | €59,719 | €58,260 | -€1,459 | -2.4% |
| Distributable reserves | 133 | €119,000 | €160,000 | +€41,000 | +34.5% |
| Profit (loss) carried forward | 14 | €408,998 | €409,183 | +€185 | 0.0% |
| Provisions and deferred taxes | 16 | €12,126 | €11,640 | -€486 | -4.0% |
| Deferred taxes | 168 | €12,126 | €11,640 | -€486 | -4.0% |
| Amounts payable | 17/49 | €921,354 | €837,976 | -€83,378 | -9.0% |
| Amounts payable after more than one year | 17 | €613,385 | €532,110 | -€81,276 | -13.3% |
| Financial debts | 170/4 | €590,385 | €509,110 | -€81,276 | -13.8% |
| Other amounts payable | 178/9 | €23,000 | €23,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €259,522 | €264,595 | +€5,072 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €79,908 | €81,276 | +€1,368 | +1.7% |
| Trade debts | 44 | €43,041 | €62,081 | +€19,040 | +44.2% |
| Suppliers | 440/4 | €43,041 | €62,081 | +€19,040 | +44.2% |
| Taxes, remuneration and social security | 45 | €19,627 | €29,534 | +€9,907 | +50.5% |
| Taxes | 450/3 | €9,962 | €23,436 | +€13,474 | +135% |
| Remuneration and social security | 454/9 | €9,665 | €6,098 | -€3,567 | -36.9% |
| Other amounts payable | 47/48 | €116,947 | €91,704 | -€25,243 | -21.6% |
| Accrued charges and deferred income | 492/3 | €48,446 | €41,272 | -€7,175 | -14.8% |
| Non-recurring operating income | 76A | €23,299 | €4,720 | -€18,580 | -79.7% |
| Remuneration, social security and pensions | 62 | €45,860 | €37,790 | -€8,070 | -17.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €109,756 | €107,031 | -€2,725 | -2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €104 | - | -€104 | |
| Other operating charges | 640/8 | €1,392 | €1,238 | -€154 | -11.1% |
| Non-recurring operating charges | 66A | €25,095 | €2,034 | -€23,061 | -91.9% |
| Gross operating margin | 9900 | €243,274 | €226,257 | -€17,017 | -7.0% |
| Operating profit (loss) | 9901 | €61,067 | €78,164 | +€17,097 | +28.0% |
| Financial income | 75/76B | €3 | €1 | -€3 | -84.0% |
| Recurring financial income | 75 | €3 | €1 | -€3 | -84.0% |
| Financial charges | 65/66B | €19,502 | €16,476 | -€3,026 | -15.5% |
| Recurring financial charges | 65 | €19,502 | €16,476 | -€3,026 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | €41,568 | €61,689 | +€20,121 | +48.4% |
| Transfer from deferred taxes | 780 | €486 | €486 | = | 0.0% |
| Income taxes | 67/77 | €14,456 | €22,449 | +€7,994 | +55.3% |
| Profit (loss) for the period | 9904 | €27,598 | €39,726 | +€12,127 | +43.9% |
| Transfer from tax-exempt reserves | 789 | €1,459 | €1,459 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,057 | €41,185 | +€12,127 | +41.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.