Essensium: 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.
Essensium
Largest movements
- Intangible fixed assets +€1.6m
up €1.6m (+37.8%), from €4.2m to €5.7m
- Cash +€579,025
up €579,025 (+443%), from €130,648 to €709,673
mainly Depreciation (+€1.4m) and Short-term financial debts (+€1.3m)
- Receivables within one year +€444,384
up €444,384 (+19.5%), from €2.3m to €2.7m
of which Other amounts receivable: +€365,449
- Short-term financial debts +€1.3m
up €1.3m (+123%), from €1.1m to €2.4m
- Contributions +€500,000
up €500,000 (+67.6%), from €740,048 to €1.2m
- Trade debts +€400,843
up €400,843 (+85.5%), from €468,967 to €869,810
- Tax, wage and social debts +€223,288
up €223,288 (+35.0%), from €637,614 to €860,902
of which Taxes: +€223,600
- Accrued charges and deferred income +€126,685
up €126,685 (+51.2%), from €247,345 to €374,030
- Gross operating margin +€1.1m
up €1.1m (+19.3%), from €5.5m to €6.6m
- Staff costs +€757,132
up €757,132 (+17.2%), from €4.4m to €5.2m
- Depreciation +€481,512
up €481,512 (+50.6%), from €951,056 to €1.4m
- Financial charges +€71,832
up €71,832 (+464%), from €15,496 to €87,328
- Taxes -€69,529
down €69,529 (-132%), from -€52,511 to -€122,040
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.
Derived cash bridge
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 | €7,010,098 | €9,595,611 | +€2.6m | +36.9% |
| Fixed assets | 21/28 | €4,237,111 | €5,810,628 | +€1.6m | +37.1% |
| Intangible fixed assets | 21 | €4,171,182 | €5,745,967 | +€1.6m | +37.8% |
| Tangible fixed assets | 22/27 | €39,468 | €38,156 | -€1,312 | -3.3% |
| Plant, machinery and equipment | 23 | €25,609 | €13,818 | -€11,791 | -46.0% |
| Furniture and vehicles | 24 | €13,402 | €19,286 | +€5,884 | +43.9% |
| Other tangible fixed assets | 26 | €457 | €5,052 | +€4,595 | +1,005% |
| Financial fixed assets | 28 | €26,461 | €26,505 | +€44 | +0.2% |
| Current assets | 29/58 | €2,772,987 | €3,784,983 | +€1.0m | +36.5% |
| Stocks and contracts in progress | 3 | €259,849 | €305,311 | +€45,462 | +17.5% |
| Stocks | 30/36 | €259,849 | €305,311 | +€45,462 | +17.5% |
| Amounts receivable within one year | 40/41 | €2,277,405 | €2,721,789 | +€444,384 | +19.5% |
| Trade receivables | 40 | €1,818,922 | €1,897,857 | +€78,935 | +4.3% |
| Other amounts receivable | 41 | €458,483 | €823,932 | +€365,449 | +79.7% |
| Current investments | 50/53 | €156 | €239 | +€83 | +53.2% |
| Cash at bank and in hand | 54/58 | €130,648 | €709,673 | +€579,025 | +443% |
| Deferred charges and accrued income | 490/1 | €104,929 | €47,971 | -€56,958 | -54.3% |
| Total equity and liabilities | 10/49 | €7,010,098 | €9,595,611 | +€2.6m | +36.9% |
| Equity | 10/15 | €4,566,991 | €5,064,909 | +€497,918 | +10.9% |
| Contributions | 10/11 | €740,048 | €1,240,048 | +€500,000 | +67.6% |
| Capital | 10 | €740,048 | €1,240,048 | +€500,000 | +67.6% |
| Issued capital | 100 | €740,048 | €1,240,048 | +€500,000 | +67.6% |
| Profit (loss) carried forward | 14 | €3,826,943 | €3,824,861 | -€2,082 | -0.1% |
| Amounts payable | 17/49 | €2,443,107 | €4,530,702 | +€2.1m | +85.4% |
| Amounts payable within one year | 42/48 | €2,195,762 | €4,156,672 | +€2.0m | +89.3% |
| Financial debts | 43 | €1,089,181 | €2,425,960 | +€1.3m | +123% |
| Credit institutions | 430/8 | €1,089,181 | €2,425,960 | +€1.3m | +123% |
| Trade debts | 44 | €468,967 | €869,810 | +€400,843 | +85.5% |
| Suppliers | 440/4 | €468,967 | €869,810 | +€400,843 | +85.5% |
| Taxes, remuneration and social security | 45 | €637,614 | €860,902 | +€223,288 | +35.0% |
| Taxes | 450/3 | €69,488 | €293,088 | +€223,600 | +322% |
| Remuneration and social security | 454/9 | €568,126 | €567,814 | -€312 | -0.1% |
| Accrued charges and deferred income | 492/3 | €247,345 | €374,030 | +€126,685 | +51.2% |
| Remuneration, social security and pensions | 62 | €4,401,789 | €5,158,921 | +€757,132 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €951,056 | €1,432,568 | +€481,512 | +50.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,786 | - | -€2,786 | |
| Other operating charges | 640/8 | €1,125 | €1,480 | +€355 | +31.6% |
| Gross operating margin | 9900 | €5,491,965 | €6,554,485 | +€1.1m | +19.3% |
| Operating profit (loss) | 9901 | €135,209 | -€38,484 | -€173,693 | |
| Financial income | 75/76B | €184 | €1,690 | +€1,506 | +818% |
| Recurring financial income | 75 | €184 | €1,690 | +€1,506 | +818% |
| Financial charges | 65/66B | €15,496 | €87,328 | +€71,832 | +464% |
| Recurring financial charges | 65 | €15,496 | €87,328 | +€71,832 | +464% |
| Profit (loss) for the period before taxes | 9903 | €119,897 | -€124,122 | -€244,019 | |
| Income taxes | 67/77 | -€52,511 | -€122,040 | -€69,529 | -132% |
| Profit (loss) for the period | 9904 | €172,408 | -€2,082 | -€174,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €172,408 | -€2,082 | -€174,490 |
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 16 October 2026 via checked.be.