ESSEL: 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.
ESSEL
Largest movements
- Cash +€18,794
up €18,794 (+112.5%), from €16,702 to €35,496
mainly Deferred charges and accrued income (+€13,752) and Depreciation (+€8,987)
- Deferred charges and accrued income -€13,752
down €13,752 (-76.0%), from €18,101 to €4,350
- Tangible fixed assets -€8,987
down €8,987 (-41.9%), from €21,439 to €12,453
of which Furniture and vehicles: -€7,878
- Receivables within one year -€1,395
down €1,395 (-17.4%), from €8,018 to €6,624
of which Other amounts receivable: -€6,608
- Debts after one year -€7,213
down €7,213 (-53.7%), from €13,433 to €6,220
- Reserves +€3,912
up €3,912 (+13.5%), from €29,031 to €32,943
- Trade debts -€2,706
down €2,706 (-85.9%), from €3,150 to €444
- Gross operating margin +€5,587
up €5,587 (+53.2%), from €10,507 to €16,094
- Taxes +€1,571
up €1,571 (+2690.2%), from €58 to €1,630
- Depreciation -€679
down €679 (-7.0%), from €9,665 to €8,987
- Financial charges -€242
down €242 (-16.8%), from €1,440 to €1,199
- Other operating charges +€215
up €215 (+52.9%), from €407 to €622
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,334 | €60,024 | -€5,310 | -8.1% |
| Fixed assets | 21/28 | €21,439 | €12,453 | -€8,987 | -41.9% |
| Tangible fixed assets | 22/27 | €21,439 | €12,453 | -€8,987 | -41.9% |
| Plant, machinery and equipment | 23 | €1,109 | - | -€1,109 | |
| Furniture and vehicles | 24 | €20,330 | €12,453 | -€7,878 | -38.7% |
| Current assets | 29/58 | €43,895 | €47,571 | +€3,676 | +8.4% |
| Stocks and contracts in progress | 3 | €1,073 | €1,102 | +€29 | +2.7% |
| Stocks | 30/36 | €1,073 | €1,102 | +€29 | +2.7% |
| Amounts receivable within one year | 40/41 | €8,018 | €6,624 | -€1,395 | -17.4% |
| Trade receivables | 40 | - | €5,214 | +€5,214 | |
| Other amounts receivable | 41 | €8,018 | €1,410 | -€6,608 | -82.4% |
| Cash at bank and in hand | 54/58 | €16,702 | €35,496 | +€18,794 | +112.5% |
| Deferred charges and accrued income | 490/1 | €18,101 | €4,350 | -€13,752 | -76.0% |
| Total equity and liabilities | 10/49 | €65,334 | €60,024 | -€5,310 | -8.1% |
| Equity | 10/15 | €34,031 | €37,943 | +€3,912 | +11.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,031 | €32,943 | +€3,912 | +13.5% |
| Distributable reserves | 133 | €29,031 | €32,943 | +€3,912 | +13.5% |
| Amounts payable | 17/49 | €31,303 | €22,081 | -€9,222 | -29.5% |
| Amounts payable after more than one year | 17 | €13,433 | €6,220 | -€7,213 | -53.7% |
| Financial debts | 170/4 | €13,433 | €6,220 | -€7,213 | -53.7% |
| Amounts payable within one year | 42/48 | €17,871 | €15,862 | -€2,009 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €6,949 | €7,213 | +€264 | +3.8% |
| Trade debts | 44 | €3,150 | €444 | -€2,706 | -85.9% |
| Suppliers | 440/4 | €3,150 | €444 | -€2,706 | -85.9% |
| Taxes, remuneration and social security | 45 | €155 | €208 | +€53 | +34.5% |
| Taxes | 450/3 | €155 | €208 | +€53 | +34.5% |
| Other amounts payable | 47/48 | €7,617 | €7,997 | +€380 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,665 | €8,987 | -€679 | -7.0% |
| Other operating charges | 640/8 | €407 | €622 | +€215 | +52.9% |
| Gross operating margin | 9900 | €10,507 | €16,094 | +€5,587 | +53.2% |
| Operating profit (loss) | 9901 | €435 | €6,486 | +€6,051 | +1391.8% |
| Financial income | 75/76B | €300 | €254 | -€46 | -15.4% |
| Recurring financial income | 75 | €300 | €254 | -€46 | -15.4% |
| Financial charges | 65/66B | €1,440 | €1,199 | -€242 | -16.8% |
| Recurring financial charges | 65 | €1,440 | €1,199 | -€242 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | -€705 | €5,541 | +€6,247 | |
| Income taxes | 67/77 | €58 | €1,630 | +€1,571 | +2690.2% |
| Profit (loss) for the period | 9904 | -€764 | €3,912 | +€4,675 | |
| Profit (loss) for the period to be appropriated | 9905 | -€764 | €3,912 | +€4,675 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.