ESSEM IMMO: 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.
ESSEM IMMO
Largest movements
- Tangible fixed assets -€26,919
down €26,919 (-6.1%), from €443,090 to €416,171
of which Land and buildings: -€22,391
- Cash +€15,132
up €15,132 (+34.8%), from €43,443 to €58,575
mainly Depreciation (+€26,919) and Net result for the year (+€12,585)
- Current portion of long-term debt -€24,817
down €24,817 (-92.2%), from €26,927 to €2,110
- Reserves +€12,585
up €12,585 (+18.1%), from €69,378 to €81,963
of which Distributable reserves: +€11,956
- Other debts -€5,326
down €5,326 (-58.6%), from €9,095 to €3,769
- Financial charges -€7,779
down €7,779 (-41.9%), from €18,544 to €10,765
of which Non-recurring financial charges: -€6,856
- Taxes +€3,358
up €3,358 (+121.8%), from €2,756 to €6,114
- Gross operating margin +€2,609
up €2,609 (+4.7%), from €55,354 to €57,963
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 | €495,066 | €477,803 | -€17,263 | -3.5% |
| Fixed assets | 21/28 | €443,090 | €416,171 | -€26,919 | -6.1% |
| Tangible fixed assets | 22/27 | €443,090 | €416,171 | -€26,919 | -6.1% |
| Land and buildings | 22 | €408,584 | €386,193 | -€22,391 | -5.5% |
| Plant, machinery and equipment | 23 | €3,719 | €3,131 | -€587 | -15.8% |
| Other tangible fixed assets | 26 | €30,788 | €26,847 | -€3,941 | -12.8% |
| Current assets | 29/58 | €51,976 | €61,632 | +€9,656 | +18.6% |
| Amounts receivable within one year | 40/41 | €2,684 | €722 | -€1,963 | -73.1% |
| Trade receivables | 40 | €440 | €722 | +€281 | +63.9% |
| Other amounts receivable | 41 | €2,244 | - | -€2,244 | |
| Cash at bank and in hand | 54/58 | €43,443 | €58,575 | +€15,132 | +34.8% |
| Deferred charges and accrued income | 490/1 | €5,848 | €2,335 | -€3,513 | -60.1% |
| Total equity and liabilities | 10/49 | €495,066 | €477,803 | -€17,263 | -3.5% |
| Equity | 10/15 | €309,378 | €321,963 | +€12,585 | +4.1% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Capital | 10 | €240,000 | €240,000 | = | 0.0% |
| Issued capital | 100 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €69,378 | €81,963 | +€12,585 | +18.1% |
| Non-distributable reserves | 130/1 | €4,371 | €5,000 | +€629 | +14.4% |
| Legal reserve | 130 | €4,371 | €5,000 | +€629 | +14.4% |
| Distributable reserves | 133 | €65,007 | €76,963 | +€11,956 | +18.4% |
| Amounts payable | 17/49 | €185,688 | €155,840 | -€29,848 | -16.1% |
| Amounts payable after more than one year | 17 | €136,000 | €136,000 | = | 0.0% |
| Financial debts | 170/4 | €136,000 | €136,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €39,501 | €9,733 | -€29,767 | -75.4% |
| Current portion of amounts payable after more than one year | 42 | €26,927 | €2,110 | -€24,817 | -92.2% |
| Trade debts | 44 | €3,479 | €741 | -€2,738 | -78.7% |
| Suppliers | 440/4 | €3,479 | €741 | -€2,738 | -78.7% |
| Taxes, remuneration and social security | 45 | - | €3,114 | +€3,114 | |
| Taxes | 450/3 | - | €3,114 | +€3,114 | |
| Other amounts payable | 47/48 | €9,095 | €3,769 | -€5,326 | -58.6% |
| Accrued charges and deferred income | 492/3 | €10,188 | €10,107 | -€81 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,816 | €26,919 | +€103 | +0.4% |
| Other operating charges | 640/8 | €1,532 | €1,581 | +€49 | +3.2% |
| Gross operating margin | 9900 | €55,354 | €57,963 | +€2,609 | +4.7% |
| Operating profit (loss) | 9901 | €27,005 | €29,463 | +€2,457 | +9.1% |
| Financial income | 75/76B | €200 | €1 | -€199 | -99.5% |
| Recurring financial income | 75 | €200 | €1 | -€199 | -99.5% |
| Financial charges | 65/66B | €18,544 | €10,765 | -€7,779 | -41.9% |
| Recurring financial charges | 65 | €11,688 | €10,765 | -€923 | -7.9% |
| Non-recurring financial charges | 66B | €6,856 | - | -€6,856 | |
| Profit (loss) for the period before taxes | 9903 | €8,661 | €18,699 | +€10,037 | +115.9% |
| Income taxes | 67/77 | €2,756 | €6,114 | +€3,358 | +121.8% |
| Profit (loss) for the period | 9904 | €5,906 | €12,585 | +€6,680 | +113.1% |
| Profit (loss) for the period to be appropriated | 9905 | €5,906 | €12,585 | +€6,680 | +113.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.