ESSELLE: what changed
What changed
ESSELLE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€29,961
2024 · -€13,324+€43,286
Equity
€2.2m
2024 · €2.1m+€29,961
Cash
€167,740
2024 · €43,641+€124,099
Balance sheet total
€2.3m
2024 · €2.3m-€18,412
Largest movements
Assets
- Receivables within one year -€257,143
down €257,143 (-80.9%), from €317,875 to €60,732
of which Other amounts receivable: -€238,435
- Cash +€124,099
up €124,099 (+284%), from €43,641 to €167,740
mainly Receivables within one year (+€257,143) and Depreciation (+€31,836)
- Tangible fixed assets +€110,496
up €110,496 (+48.4%), from €228,341 to €338,837
of which Land and buildings: +€73,828
Equity and liabilities
- Other debts -€48,641
down €48,641 (-100%), from €48,641 to €0
- Reserves +€29,961
up €29,961 (+5.1%), from €589,246 to €619,208
Income statement
- Gross operating margin +€45,270
up €45,270 (+103%), from €44,109 to €89,378
- Staff costs -€20,652
down €20,652 (-91.1%), from €22,663 to €2,012
- Other operating charges +€13,473
up €13,473 (+636%), from €2,117 to €15,591
- Taxes +€10,007
up €10,007 (+407%), from €2,459 to €12,465
- Financial income -€5,257
down €5,257 (-49.5%), from €10,620 to €5,363
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
-€13,324
Gross operating margin
+€45,270
Staff costs
+€20,652
Depreciation
-€4,733
Other operating charges
-€13,473
Other operating items
+€10,017
Financial income
-€5,257
Financial charges
+€818
Taxes
-€10,007
Result 2025
€29,961
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
+€274,731
Investment
-€150,632
Financing
€0
Cash 2024
€43,641
From operations (derived)
+€274,731
Net result for the year
+€29,961
Depreciation
+€31,836
Receivables within one year
+€257,143
Deferred charges and accrued income
+€4,164
Trade debts
-€7,850
Tax, wage and social debts
+€8,118
Other debts
-€48,641
Investment (derived)
-€150,632
Investment in fixed assets (net)
-€142,332
Current investments
-€8,300
Cash 2025
€167,740
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,291,201 | €2,272,790 | -€18,412 | -0.8% |
| Fixed assets | 21/28 | €1,920,161 | €2,030,657 | +€110,496 | +5.8% |
| Tangible fixed assets | 22/27 | €228,341 | €338,837 | +€110,496 | +48.4% |
| Land and buildings | 22 | €170,219 | €244,046 | +€73,828 | +43.4% |
| Furniture and vehicles | 24 | €58,123 | €94,791 | +€36,668 | +63.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,691,819 | €1,691,819 | = | 0.0% |
| Current assets | 29/58 | €371,040 | €242,133 | -€128,907 | -34.7% |
| Amounts receivable within one year | 40/41 | €317,875 | €60,732 | -€257,143 | -80.9% |
| Trade receivables | 40 | €31,721 | €13,014 | -€18,707 | -59.0% |
| Other amounts receivable | 41 | €286,153 | €47,718 | -€238,435 | -83.3% |
| Current investments | 50/53 | - | €8,300 | +€8,300 | |
| Cash at bank and in hand | 54/58 | €43,641 | €167,740 | +€124,099 | +284% |
| Deferred charges and accrued income | 490/1 | €9,525 | €5,360 | -€4,164 | -43.7% |
| Total equity and liabilities | 10/49 | €2,291,201 | €2,272,790 | -€18,412 | -0.8% |
| Equity | 10/15 | €2,149,246 | €2,179,208 | +€29,961 | +1.4% |
| Contributions | 10/11 | €1,560,000 | €1,560,000 | = | 0.0% |
| Reserves | 13 | €589,246 | €619,208 | +€29,961 | +5.1% |
| Distributable reserves | 133 | €589,246 | €619,208 | +€29,961 | +5.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €141,955 | €93,582 | -€48,373 | -34.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €141,955 | €93,582 | -€48,373 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €58,745 | €50,896 | -€7,850 | -13.4% |
| Suppliers | 440/4 | €58,745 | €50,896 | -€7,850 | -13.4% |
| Taxes, remuneration and social security | 45 | €34,568 | €42,686 | +€8,118 | +23.5% |
| Taxes | 450/3 | €25,068 | €33,186 | +€8,118 | +32.4% |
| Remuneration and social security | 454/9 | €9,500 | €9,500 | = | 0.0% |
| Other amounts payable | 47/48 | €48,641 | €0 | -€48,641 | -100% |
| Remuneration, social security and pensions | 62 | €22,663 | €2,012 | -€20,652 | -91.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,103 | €31,836 | +€4,733 | +17.5% |
| Other operating charges | 640/8 | €2,117 | €15,591 | +€13,473 | +636% |
| Non-recurring operating charges | 66A | €12,552 | €2,536 | -€10,017 | -79.8% |
| Gross operating margin | 9900 | €44,109 | €89,378 | +€45,270 | +103% |
| Operating profit (loss) | 9901 | -€20,327 | €37,404 | +€57,732 | |
| Financial income | 75/76B | €10,620 | €5,363 | -€5,257 | -49.5% |
| Recurring financial income | 75 | €10,620 | €5,363 | -€5,257 | -49.5% |
| Financial charges | 65/66B | €1,159 | €341 | -€818 | -70.6% |
| Recurring financial charges | 65 | €1,159 | €341 | -€818 | -70.6% |
| Profit (loss) for the period before taxes | 9903 | -€10,866 | €42,426 | +€53,292 | |
| Income taxes | 67/77 | €2,459 | €12,465 | +€10,007 | +407% |
| Profit (loss) for the period | 9904 | -€13,324 | €29,961 | +€43,286 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,324 | €29,961 | +€43,286 |
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 8 November 2026 via checked.be.