ESSENSYS: 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.
ESSENSYS
Largest movements
- Stocks and contracts -€1.6m
down €1.6m (-88.8%), from €1.8m to €196,906
- Cash +€1.5m
up €1.5m (+25570.1%), from €5,874 to €1.5m
mainly Stocks and contracts (+€1.6m) and Depreciation (+€150,282)
- Tangible fixed assets -€132,131
down €132,131 (-6.1%), from €2.2m to €2.0m
of which Land and buildings: -€79,152
- Receivables within one year -€50,981
down €50,981 (-45.4%), from €112,281 to €61,299
of which Trade receivables: -€49,564
- Tax, wage and social debts -€106,628
down €106,628 (-74.3%), from €143,499 to €36,871
of which Taxes: -€103,978
- Reserves -€45,277
down €45,277 (-6.1%), from €743,541 to €698,264
of which Distributable reserves: -€39,206
- Trade debts -€42,539
down €42,539 (-75.2%), from €56,579 to €14,039
- Gross operating margin -€53,114
down €53,114 (-17.2%), from €308,142 to €255,028
- Taxes -€38,554
down €38,554 (-70.3%), from €54,861 to €16,308
- Depreciation -€4,942
down €4,942 (-3.2%), from €155,224 to €150,282
- Financial charges +€4,699
up €4,699 (+4.3%), from €110,203 to €114,902
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,240,397 | €3,994,342 | -€246,055 | -5.8% |
| Fixed assets | 21/28 | €2,354,116 | €2,221,985 | -€132,131 | -5.6% |
| Tangible fixed assets | 22/27 | €2,164,571 | €2,032,440 | -€132,131 | -6.1% |
| Land and buildings | 22 | €1,860,044 | €1,780,892 | -€79,152 | -4.3% |
| Plant, machinery and equipment | 23 | €150,633 | €150,420 | -€213 | -0.1% |
| Furniture and vehicles | 24 | €153,893 | €101,127 | -€52,766 | -34.3% |
| Financial fixed assets | 28 | €189,545 | €189,545 | = | 0.0% |
| Current assets | 29/58 | €1,886,281 | €1,772,357 | -€113,924 | -6.0% |
| Stocks and contracts in progress | 3 | €1,757,140 | €196,906 | -€1.6m | -88.8% |
| Stocks | 30/36 | €1,757,140 | €196,906 | -€1.6m | -88.8% |
| Amounts receivable within one year | 40/41 | €112,281 | €61,299 | -€50,981 | -45.4% |
| Trade receivables | 40 | €110,208 | €60,644 | -€49,564 | -45.0% |
| Other amounts receivable | 41 | €2,073 | €656 | -€1,418 | -68.4% |
| Cash at bank and in hand | 54/58 | €5,874 | €1,507,796 | +€1.5m | +25570.1% |
| Deferred charges and accrued income | 490/1 | €10,987 | €6,357 | -€4,630 | -42.1% |
| Total equity and liabilities | 10/49 | €4,240,397 | €3,994,342 | -€246,055 | -5.8% |
| Equity | 10/15 | €1,515,541 | €1,470,264 | -€45,277 | -3.0% |
| Contributions | 10/11 | €772,000 | €772,000 | = | 0.0% |
| Capital | 10 | €772,000 | €772,000 | = | 0.0% |
| Issued capital | 100 | €772,000 | €772,000 | = | 0.0% |
| Reserves | 13 | €743,541 | €698,264 | -€45,277 | -6.1% |
| Non-distributable reserves | 130/1 | €77,200 | €77,200 | = | 0.0% |
| Legal reserve | 130 | €77,200 | €77,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,232 | €108,161 | -€6,071 | -5.3% |
| Distributable reserves | 133 | €552,109 | €512,903 | -€39,206 | -7.1% |
| Provisions and deferred taxes | 16 | €24,659 | €23,141 | -€1,518 | -6.2% |
| Deferred taxes | 168 | €24,659 | €23,141 | -€1,518 | -6.2% |
| Amounts payable | 17/49 | €2,700,197 | €2,500,937 | -€199,260 | -7.4% |
| Amounts payable after more than one year | 17 | €12,482 | €4,545 | -€7,937 | -63.6% |
| Financial debts | 170/4 | €7,837 | €0 | -€7,837 | -100.0% |
| Other amounts payable | 178/9 | €4,645 | €4,545 | -€100 | -2.2% |
| Amounts payable within one year | 42/48 | €2,582,086 | €2,385,060 | -€197,027 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €47,303 | €7,837 | -€39,467 | -83.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €56,579 | €14,039 | -€42,539 | -75.2% |
| Suppliers | 440/4 | €56,579 | €14,039 | -€42,539 | -75.2% |
| Advances received on contracts in progress | 46 | €43,983 | €49,420 | +€5,437 | +12.4% |
| Taxes, remuneration and social security | 45 | €143,499 | €36,871 | -€106,628 | -74.3% |
| Taxes | 450/3 | €138,199 | €34,221 | -€103,978 | -75.2% |
| Remuneration and social security | 454/9 | €5,300 | €2,650 | -€2,650 | -50.0% |
| Other amounts payable | 47/48 | €2,290,723 | €2,276,893 | -€13,830 | -0.6% |
| Accrued charges and deferred income | 492/3 | €105,629 | €111,332 | +€5,703 | +5.4% |
| Non-recurring operating income | 76A | €4,145 | €1,483 | -€2,662 | -64.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €155,224 | €150,282 | -€4,942 | -3.2% |
| Other operating charges | 640/8 | €18,047 | €18,365 | +€318 | +1.8% |
| Non-recurring operating charges | 66A | €5,427 | €2,000 | -€3,427 | -63.1% |
| Gross operating margin | 9900 | €308,142 | €255,028 | -€53,114 | -17.2% |
| Operating profit (loss) | 9901 | €129,445 | €84,382 | -€45,063 | -34.8% |
| Financial income | 75/76B | €443 | €33 | -€410 | -92.6% |
| Recurring financial income | 75 | €443 | €33 | -€410 | -92.6% |
| Financial charges | 65/66B | €110,203 | €114,902 | +€4,699 | +4.3% |
| Recurring financial charges | 65 | €110,203 | €114,902 | +€4,699 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €19,685 | -€30,487 | -€50,172 | |
| Transfer from deferred taxes | 780 | €1,518 | €1,518 | = | 0.0% |
| Income taxes | 67/77 | €54,861 | €16,308 | -€38,554 | -70.3% |
| Profit (loss) for the period | 9904 | -€33,659 | -€45,277 | -€11,618 | -34.5% |
| Transfer from tax-exempt reserves | 789 | €6,071 | €6,071 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,587 | -€39,206 | -€11,618 | -42.1% |
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 1 October 2026 via checked.be.