ESSEGE: 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.
What changed
ESSEGE
NACE 46.842, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€10,089
2024 · -€2.7m+€2.7m
Equity
€2.8m
2024 · €2.7m+€10,089
Cash
€1.2m
2024 · €636,260+€598,467
Balance sheet total
€19.0m
2024 · €19.8m-€851,482
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-14.8%), from €9.1m to €7.8m
of which Trade receivables: -€1.5m
- Receivables after one year +€1.2m
new in 2025: €1.2m
- Stocks and contracts -€599,113
down €599,113 (-13.3%), from €4.5m to €3.9m
- Cash +€598,467
up €598,467 (+94.1%), from €636,260 to €1.2m
mainly Other debts (+€2.0m) and Receivables within one year (+€1.4m)
- Financial fixed assets -€342,544
down €342,544 (-11.6%), from €2.9m to €2.6m
of which Affiliated companies: -€342,544
Equity and liabilities
- Short-term financial debts -€2.1m
down €2.1m (-67.8%), from €3.1m to €1.0m
- Other debts +€2.0m
up €2.0m (+486.1%), from €405,341 to €2.4m
- Trade debts -€498,869
down €498,869 (-62.2%), from €801,555 to €302,686
- Debts after one year -€231,052
down €231,052 (-1.9%), from €12.2m to €12.0m
of which Financial debts: -€359,974
Income statement
- Turnover -€4.3m
down €4.3m (-17.3%), from €24.9m to €20.6m
- Goods and materials -€3.8m
down €3.8m (-18.3%), from €20.7m to €16.9m
of which Purchases: -€4.6m
- Financial charges -€2.0m
down €2.0m (-66.2%), from €3.1m to €1.0m
of which Non-recurring financial charges: -€1.5m
- Write-downs -€1.6m
down €1.6m, from €1.6m to -€7,653
- Financial income -€505,782
down €505,782 (-58.9%), from €859,119 to €353,337
of which Non-recurring financial income: -€391,998
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.
Result 2024
-€2.7m
Turnover
-€4.3m
Other operating income
-€56,317
Goods and materials
+€3.8m
Services and other goods
+€203,130
Staff costs
-€75,221
Depreciation
-€44,498
Write-downs
+€1.6m
Provisions
-€14,583
Other operating charges
-€1,329
Other operating items
+€17,287
Financial income
-€505,782
Financial charges
+€2.0m
Taxes
-€290
Deferred taxes and other
-€94
Result 2025
€10,089
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.
From operations
+€2.7m
Investment
+€184,582
Financing
-€2.3m
Cash 2024
€636,260
From operations (derived)
+€2.7m
Net result for the year
+€10,089
Depreciation
+€503,382
Receivables after one year
-€1.2m
Stocks and contracts
+€599,113
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€55,100
Provisions
+€6,037
Trade debts
-€498,869
Tax, wage and social debts
-€29,569
Other debts
+€2.0m
Accrued charges and deferred income
+€20,996
Investment (derived)
+€184,582
Investment in fixed assets (net)
+€184,582
Financing
-€2.3m
Debts after one year
-€231,052
Current portion of long-term debt
+€7,035
Short-term financial debts
-€2.1m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €19,848,254 | €18,996,772 | -€851,482 | -4.3% |
| Fixed assets | 21/28 | €5,452,260 | €4,764,296 | -€687,964 | -12.6% |
| Intangible fixed assets | 21 | €170,774 | €138,524 | -€32,250 | -18.9% |
| Tangible fixed assets | 22/27 | €2,340,353 | €2,027,183 | -€313,170 | -13.4% |
| Plant, machinery and equipment | 23 | €576,380 | €505,910 | -€70,471 | -12.2% |
| Furniture and vehicles | 24 | €16,146 | €10,533 | -€5,613 | -34.8% |
| Leasing and similar rights | 25 | €968,541 | €746,763 | -€221,778 | -22.9% |
| Other tangible fixed assets | 26 | €696,983 | €763,977 | +€66,994 | +9.6% |
| Assets under construction and advance payments | 27 | €82,303 | €0 | -€82,303 | -100.0% |
| Financial fixed assets | 28 | €2,941,134 | €2,598,590 | -€342,544 | -11.6% |
| Affiliated companies | 280/1 | €2,940,249 | €2,597,705 | -€342,544 | -11.7% |
| Participating interests | 280 | €2,940,249 | €2,597,705 | -€342,544 | -11.7% |
| Amounts receivable | 281 | €0 | - | = | |
| Other financial fixed assets | 284/8 | €885 | €885 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €885 | €885 | = | 0.0% |
| Current assets | 29/58 | €14,395,993 | €14,232,476 | -€163,518 | -1.1% |
| Amounts receivable after more than one year | 29 | - | €1,249,137 | +€1.2m | |
| Trade receivables | 290 | - | €1,249,137 | +€1.2m | |
| Stocks and contracts in progress | 3 | €4,511,076 | €3,911,962 | -€599,113 | -13.3% |
| Stocks | 30/36 | €4,511,076 | €3,911,962 | -€599,113 | -13.3% |
| Goods purchased for resale | 34 | €4,511,076 | €3,911,962 | -€599,113 | -13.3% |
| Amounts receivable within one year | 40/41 | €9,144,959 | €7,788,051 | -€1.4m | -14.8% |
| Trade receivables | 40 | €8,928,723 | €7,465,260 | -€1.5m | -16.4% |
| Other amounts receivable | 41 | €216,236 | €322,791 | +€106,555 | +49.3% |
| Cash at bank and in hand | 54/58 | €636,260 | €1,234,727 | +€598,467 | +94.1% |
| Deferred charges and accrued income | 490/1 | €103,699 | €48,599 | -€55,100 | -53.1% |
| Total equity and liabilities | 10/49 | €19,848,254 | €18,996,772 | -€851,482 | -4.3% |
| Equity | 10/15 | €2,742,203 | €2,752,292 | +€10,089 | +0.4% |
| Contributions | 10/11 | €108,037 | €108,037 | = | 0.0% |
| Capital | 10 | €108,037 | €108,037 | = | 0.0% |
| Issued capital | 100 | €108,037 | €108,037 | = | 0.0% |
| Reserves | 13 | €4,104,370 | €3,935,970 | -€168,400 | -4.1% |
| Non-distributable reserves | 130/1 | €10,804 | €10,804 | = | 0.0% |
| Legal reserve | 130 | €10,804 | €10,804 | = | 0.0% |
| Tax-exempt reserves | 132 | €589,400 | €421,000 | -€168,400 | -28.6% |
| Distributable reserves | 133 | €3,504,166 | €3,504,166 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,470,203 | -€1,291,715 | +€178,489 | +12.1% |
| Provisions and deferred taxes | 16 | €90,203 | €96,240 | +€6,037 | +6.7% |
| Provisions for liabilities and charges | 160/5 | €90,203 | €96,240 | +€6,037 | +6.7% |
| Environmental obligations | 163 | €90,203 | €96,240 | +€6,037 | +6.7% |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €17,015,848 | €16,148,240 | -€867,608 | -5.1% |
| Amounts payable after more than one year | 17 | €12,199,706 | €11,968,654 | -€231,052 | -1.9% |
| Financial debts | 170/4 | €773,206 | €413,232 | -€359,974 | -46.6% |
| Leasing and similar obligations | 172 | €656,139 | €373,968 | -€282,171 | -43.0% |
| Credit institutions | 173 | €117,066 | €39,264 | -€77,803 | -66.5% |
| Other amounts payable | 178/9 | €11,426,500 | €11,555,422 | +€128,922 | +1.1% |
| Amounts payable within one year | 42/48 | €4,804,667 | €4,147,115 | -€657,552 | -13.7% |
| Current portion of amounts payable after more than one year | 42 | €352,938 | €359,974 | +€7,035 | +2.0% |
| Financial debts | 43 | €3,106,613 | €1,000,000 | -€2.1m | -67.8% |
| Credit institutions | 430/8 | €3,106,613 | €1,000,000 | -€2.1m | -67.8% |
| Trade debts | 44 | €801,555 | €302,686 | -€498,869 | -62.2% |
| Suppliers | 440/4 | €801,555 | €302,686 | -€498,869 | -62.2% |
| Taxes, remuneration and social security | 45 | €138,220 | €108,651 | -€29,569 | -21.4% |
| Taxes | 450/3 | €36,097 | €611 | -€35,486 | -98.3% |
| Remuneration and social security | 454/9 | €102,123 | €108,040 | +€5,917 | +5.8% |
| Other amounts payable | 47/48 | €405,341 | €2,375,805 | +€2.0m | +486.1% |
| Accrued charges and deferred income | 492/3 | €11,475 | €32,471 | +€20,996 | +183.0% |
| Operating income | 70/76A | €25,292,821 | €20,933,223 | -€4.4m | -17.2% |
| Turnover | 70 | €24,939,839 | €20,617,075 | -€4.3m | -17.3% |
| Other operating income | 74 | €352,982 | €296,665 | -€56,317 | -16.0% |
| Non-recurring operating income | 76A | €0 | €19,483 | +€19,483 | |
| Operating charges | 60/66A | €25,720,914 | €20,226,537 | -€5.5m | -21.4% |
| Goods for resale, raw materials and consumables | 60 | €20,656,448 | €16,868,403 | -€3.8m | -18.3% |
| Purchases | 600/8 | €20,901,248 | €16,261,637 | -€4.6m | -22.2% |
| Change in stocks: decrease (increase) | 609 | -€244,799 | €606,766 | +€851,565 | |
| Services and other goods | 61 | €2,317,685 | €2,114,555 | -€203,130 | -8.8% |
| Remuneration, social security and pensions | 62 | €628,696 | €703,917 | +€75,221 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €458,884 | €503,382 | +€44,498 | +9.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,633,375 | -€7,653 | -€1.6m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€8,546 | €6,037 | +€14,583 | |
| Other operating charges | 640/8 | €33,844 | €35,173 | +€1,329 | +3.9% |
| Non-recurring operating charges | 66A | €527 | €2,722 | +€2,196 | +416.9% |
| Operating profit (loss) | 9901 | -€428,093 | €706,686 | +€1.1m | |
| Financial income | 75/76B | €859,119 | €353,337 | -€505,782 | -58.9% |
| Recurring financial income | 75 | €467,120 | €353,337 | -€113,783 | -24.4% |
| Income from financial fixed assets | 750 | €99,497 | €3,935 | -€95,562 | -96.0% |
| Income from current assets | 751 | €1,086 | €0 | -€1,086 | -100.0% |
| Other financial income | 752/9 | €366,538 | €349,402 | -€17,135 | -4.7% |
| Non-recurring financial income | 76B | €391,998 | €0 | -€391,998 | -100.0% |
| Financial charges | 65/66B | €3,098,607 | €1,048,643 | -€2.0m | -66.2% |
| Recurring financial charges | 65 | €1,218,842 | €705,643 | -€513,199 | -42.1% |
| Debt charges | 650 | €869,158 | €545,224 | -€323,934 | -37.3% |
| Other financial charges | 652/9 | €349,683 | €160,419 | -€189,264 | -54.1% |
| Non-recurring financial charges | 66B | €1,879,765 | €343,000 | -€1.5m | -81.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,667,581 | €11,380 | +€2.7m | |
| Transfer from deferred taxes | 780 | €94 | €0 | -€94 | -100.0% |
| Income taxes | 67/77 | €1,001 | €1,291 | +€290 | +28.9% |
| Taxes | 670/3 | €1,001 | €1,978 | +€976 | +97.5% |
| Tax adjustments and reversals of tax provisions | 77 | - | €686 | +€686 | |
| Profit (loss) for the period | 9904 | -€2,668,489 | €10,089 | +€2.7m | |
| Transfer from tax-exempt reserves | 789 | €282 | €168,400 | +€168,118 | +59652.3% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,668,207 | €178,489 | +€2.8m |
Source: filed annual accounts (NBB), fiscal years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.