ESSE: 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.
ESSE
Largest movements
- Cash +€181,648
up €181,648 (+96.3%), from €188,723 to €370,371
mainly Receivables within one year (+€143,195) and Other debts (+€140,101)
- Receivables within one year -€143,195
no longer reported in 2025 (was €143,195)
of which Trade receivables: -€100,684
- Stocks and contracts -€40,000
no longer reported in 2025 (was €40,000)
- Tangible fixed assets -€13,433
down €13,433 (-8.1%), from €166,104 to €152,671
of which Furniture and vehicles: -€16,098
- Reserves -€147,022
down €147,022 (-28.4%), from €517,058 to €370,036
of which Distributable reserves: -€147,022
- Other debts +€140,101
up €140,101 (+158.5%), from €88,410 to €228,511
- Tax, wage and social debts -€12,634
down €12,634 (-82.3%), from €15,343 to €2,709
- Gross operating margin +€29,258
up €29,258 (+29.6%), from €98,707 to €127,965
- Depreciation +€9,618
up €9,618 (+23.7%), from €40,591 to €50,208
- Taxes +€5,623
up €5,623 (+31.8%), from €17,681 to €23,304
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 | €639,423 | €624,936 | -€14,487 | -2.3% |
| Fixed assets | 21/28 | €179,004 | €165,571 | -€13,433 | -7.5% |
| Tangible fixed assets | 22/27 | €166,104 | €152,671 | -€13,433 | -8.1% |
| Land and buildings | 22 | €18,497 | €17,213 | -€1,285 | -6.9% |
| Plant, machinery and equipment | 23 | €3,412 | €8,878 | +€5,466 | +160.2% |
| Furniture and vehicles | 24 | €137,878 | €121,780 | -€16,098 | -11.7% |
| Other tangible fixed assets | 26 | €6,316 | €4,800 | -€1,516 | -24.0% |
| Financial fixed assets | 28 | €12,900 | €12,900 | = | 0.0% |
| Current assets | 29/58 | €460,419 | €459,364 | -€1,055 | -0.2% |
| Amounts receivable after more than one year | 29 | €30,000 | €31,800 | +€1,800 | +6.0% |
| Other amounts receivable | 291 | €30,000 | €31,800 | +€1,800 | +6.0% |
| Stocks and contracts in progress | 3 | €40,000 | - | -€40,000 | |
| Contracts in progress | 37 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €143,195 | - | -€143,195 | |
| Trade receivables | 40 | €100,684 | - | -€100,684 | |
| Other amounts receivable | 41 | €42,511 | - | -€42,511 | |
| Current investments | 50/53 | €49,078 | €49,078 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €188,723 | €370,371 | +€181,648 | +96.3% |
| Deferred charges and accrued income | 490/1 | €9,423 | €8,115 | -€1,308 | -13.9% |
| Total equity and liabilities | 10/49 | €639,423 | €624,936 | -€14,487 | -2.3% |
| Equity | 10/15 | €523,258 | €376,236 | -€147,022 | -28.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €517,058 | €370,036 | -€147,022 | -28.4% |
| 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 | €6,880 | €6,880 | = | 0.0% |
| Distributable reserves | 133 | €508,318 | €361,296 | -€147,022 | -28.9% |
| Amounts payable | 17/49 | €116,165 | €248,700 | +€132,535 | +114.1% |
| Amounts payable within one year | 42/48 | €114,515 | €244,550 | +€130,035 | +113.6% |
| Financial debts | 43 | - | €1,452 | +€1,452 | |
| Credit institutions | 430/8 | - | €1,452 | +€1,452 | |
| Trade debts | 44 | €10,762 | €11,878 | +€1,115 | +10.4% |
| Suppliers | 440/4 | €10,762 | €11,878 | +€1,115 | +10.4% |
| Taxes, remuneration and social security | 45 | €15,343 | €2,709 | -€12,634 | -82.3% |
| Taxes | 450/3 | €15,343 | €2,709 | -€12,634 | -82.3% |
| Other amounts payable | 47/48 | €88,410 | €228,511 | +€140,101 | +158.5% |
| Accrued charges and deferred income | 492/3 | €1,650 | €4,150 | +€2,500 | +151.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,591 | €50,208 | +€9,618 | +23.7% |
| Other operating charges | 640/8 | €988 | €1,041 | +€52 | +5.3% |
| Gross operating margin | 9900 | €98,707 | €127,965 | +€29,258 | +29.6% |
| Operating profit (loss) | 9901 | €57,128 | €76,716 | +€19,587 | +34.3% |
| Financial income | 75/76B | €701 | €1,893 | +€1,192 | +170.0% |
| Recurring financial income | 75 | €701 | €1,893 | +€1,192 | +170.0% |
| Financial charges | 65/66B | €156 | €258 | +€102 | +65.2% |
| Recurring financial charges | 65 | €156 | €258 | +€102 | +65.2% |
| Profit (loss) for the period before taxes | 9903 | €57,673 | €78,351 | +€20,678 | +35.9% |
| Income taxes | 67/77 | €17,681 | €23,304 | +€5,623 | +31.8% |
| Profit (loss) for the period | 9904 | €39,993 | €55,048 | +€15,055 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €39,993 | €55,048 | +€15,055 | +37.6% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.