ESSENSIO: 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.
ESSENSIO
Largest movements
- Cash +€53,833
up €53,833 (+62.6%), from €86,002 to €139,835
mainly Net result for the year (+€52,636) and Other debts (+€13,920)
- Receivables within one year +€17,881
up €17,881 (+538.9%), from €3,318 to €21,199
of which Trade receivables: +€18,312
- Tangible fixed assets -€11,513
down €11,513 (-91.2%), from €12,622 to €1,109
- Reserves +€37,636
up €37,636 (+76.9%), from €48,930 to €86,566
of which Distributable reserves: +€37,636
- Other debts +€13,920
up €13,920 (+54.5%), from €25,542 to €39,462
- Trade debts +€6,727
up €6,727 (+127.6%), from €5,272 to €11,998
- Gross operating margin +€35,156
up €35,156 (+84.8%), from €41,465 to €76,621
- Depreciation -€6,539
down €6,539 (-88.4%), from €7,395 to €856
- Taxes +€6,341
up €6,341 (+66.2%), from €9,581 to €15,923
- Financial charges +€5,649
up €5,649 (+1106.2%), from €511 to €6,160
of which Non-recurring financial charges: +€4,201
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €103,470 | €163,152 | +€59,682 | +57.7% |
| Fixed assets | 21/28 | €12,622 | €1,109 | -€11,513 | -91.2% |
| Tangible fixed assets | 22/27 | €12,622 | €1,109 | -€11,513 | -91.2% |
| Furniture and vehicles | 24 | €12,622 | €1,109 | -€11,513 | -91.2% |
| Current assets | 29/58 | €90,848 | €162,043 | +€71,195 | +78.4% |
| Amounts receivable within one year | 40/41 | €3,318 | €21,199 | +€17,881 | +538.9% |
| Trade receivables | 40 | €2,870 | €21,182 | +€18,312 | +638.1% |
| Other amounts receivable | 41 | €448 | €17 | -€431 | -96.2% |
| Cash at bank and in hand | 54/58 | €86,002 | €139,835 | +€53,833 | +62.6% |
| Deferred charges and accrued income | 490/1 | €1,528 | €1,008 | -€520 | -34.0% |
| Total equity and liabilities | 10/49 | €103,470 | €163,152 | +€59,682 | +57.7% |
| Equity | 10/15 | €55,130 | €92,766 | +€37,636 | +68.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €48,930 | €86,566 | +€37,636 | +76.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €47,070 | €84,706 | +€37,636 | +80.0% |
| Amounts payable | 17/49 | €48,340 | €70,385 | +€22,046 | +45.6% |
| Amounts payable within one year | 42/48 | €48,340 | €70,385 | +€22,046 | +45.6% |
| Financial debts | 43 | €3 | - | -€3 | |
| Credit institutions | 430/8 | €3 | - | -€3 | |
| Trade debts | 44 | €5,272 | €11,998 | +€6,727 | +127.6% |
| Suppliers | 440/4 | €5,272 | €11,998 | +€6,727 | +127.6% |
| Advances received on contracts in progress | 46 | €163 | - | -€163 | |
| Taxes, remuneration and social security | 45 | €17,360 | €18,925 | +€1,565 | +9.0% |
| Taxes | 450/3 | €9,860 | €18,925 | +€9,065 | +91.9% |
| Remuneration and social security | 454/9 | €7,500 | - | -€7,500 | |
| Other amounts payable | 47/48 | €25,542 | €39,462 | +€13,920 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,395 | €856 | -€6,539 | -88.4% |
| Other operating charges | 640/8 | €1,553 | €1,512 | -€41 | -2.6% |
| Gross operating margin | 9900 | €41,465 | €76,621 | +€35,156 | +84.8% |
| Operating profit (loss) | 9901 | €32,517 | €74,252 | +€41,735 | +128.3% |
| Financial income | 75/76B | - | €466 | +€466 | |
| Recurring financial income | 75 | - | €466 | +€466 | |
| Financial charges | 65/66B | €511 | €6,160 | +€5,649 | +1106.2% |
| Recurring financial charges | 65 | €511 | €1,959 | +€1,448 | +283.6% |
| Non-recurring financial charges | 66B | - | €4,201 | +€4,201 | |
| Profit (loss) for the period before taxes | 9903 | €32,007 | €68,559 | +€36,552 | +114.2% |
| Income taxes | 67/77 | €9,581 | €15,923 | +€6,341 | +66.2% |
| Profit (loss) for the period | 9904 | €22,425 | €52,636 | +€30,211 | +134.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,425 | €52,636 | +€30,211 | +134.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.