ESSENTIA: 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.
ESSENTIA
Largest movements
- Receivables within one year +€234,104
up €234,104 (+1,473%), from €15,896 to €250,000
of which Other amounts receivable: +€234,104
- Cash -€142,383
down €142,383 (-53.7%), from €265,369 to €122,986
mainly Contributions, distributions and other (-€800,000) and Receivables within one year (-€234,104)
- Tangible fixed assets -€63,452
down €63,452 (-3.8%), from €1.7m to €1.6m
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves -€798,768
down €798,768 (-59.8%), from €1.3m to €536,956
of which Distributable reserves: -€780,905
- Debts after one year +€512,106
up €512,106 (+5,121%), from €10,000 to €522,106
of which Financial debts: +€522,106
- Other debts +€243,560
up €243,560 (+142,001%), from €172 to €243,731
- Current portion of long-term debt +€28,600
new in 2025: €28,600
- Financial charges +€7,562
up €7,562 (+309%), from €2,447 to €10,009
- Gross operating margin +€5,360
up €5,360 (+6.1%), from €87,699 to €93,059
- Financial income +€2,946
up €2,946, from €0 to €2,946
- Other operating charges -€2,905
down €2,905 (-14.3%), from €20,305 to €17,400
- Depreciation -€1,911
down €1,911 (-2.8%), from €68,741 to €66,829
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.
Derived cash bridge
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 | €1,985,492 | €1,965,707 | -€19,785 | -1.0% |
| Fixed assets | 21/28 | €1,651,022 | €1,587,570 | -€63,452 | -3.8% |
| Tangible fixed assets | 22/27 | €1,651,022 | €1,587,570 | -€63,452 | -3.8% |
| Land and buildings | 22 | €1,651,022 | €1,587,570 | -€63,452 | -3.8% |
| Current assets | 29/58 | €334,470 | €378,137 | +€43,666 | +13.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,896 | €250,000 | +€234,104 | +1,473% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €15,896 | €250,000 | +€234,104 | +1,473% |
| Cash at bank and in hand | 54/58 | €265,369 | €122,986 | -€142,383 | -53.7% |
| Deferred charges and accrued income | 490/1 | €3,206 | €5,151 | +€1,945 | +60.7% |
| Total equity and liabilities | 10/49 | €1,985,492 | €1,965,707 | -€19,785 | -1.0% |
| Equity | 10/15 | €1,860,724 | €1,061,956 | -€798,768 | -42.9% |
| Contributions | 10/11 | €525,000 | €525,000 | = | 0.0% |
| Capital | 10 | €525,000 | €525,000 | = | 0.0% |
| Issued capital | 100 | €525,000 | €525,000 | = | 0.0% |
| Reserves | 13 | €1,335,724 | €536,956 | -€798,768 | -59.8% |
| Non-distributable reserves | 130/1 | €52,500 | €52,500 | = | 0.0% |
| Legal reserve | 130 | €52,500 | €52,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €448,970 | €431,107 | -€17,863 | -4.0% |
| Distributable reserves | 133 | €834,254 | €53,349 | -€780,905 | -93.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | €107,555 | €103,089 | -€4,466 | -4.2% |
| Deferred taxes | 168 | €107,555 | €103,089 | -€4,466 | -4.2% |
| Amounts payable | 17/49 | €17,213 | €800,661 | +€783,448 | +4,551% |
| Amounts payable after more than one year | 17 | €10,000 | €522,106 | +€512,106 | +5,121% |
| Financial debts | 170/4 | - | €522,106 | +€522,106 | |
| Other amounts payable | 178/9 | €10,000 | €0 | -€10,000 | -100% |
| Amounts payable within one year | 42/48 | €5,523 | €273,811 | +€268,287 | +4,858% |
| Current portion of amounts payable after more than one year | 42 | - | €28,600 | +€28,600 | |
| Trade debts | 44 | €3,029 | €1,479 | -€1,550 | -51.2% |
| Suppliers | 440/4 | €3,029 | €1,479 | -€1,550 | -51.2% |
| Taxes, remuneration and social security | 45 | €2,322 | €0 | -€2,322 | -100% |
| Taxes | 450/3 | €2,322 | €0 | -€2,322 | -100% |
| Other amounts payable | 47/48 | €172 | €243,731 | +€243,560 | +142,001% |
| Accrued charges and deferred income | 492/3 | €1,690 | €4,745 | +€3,055 | +181% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,741 | €66,829 | -€1,911 | -2.8% |
| Other operating charges | 640/8 | €20,305 | €17,400 | -€2,905 | -14.3% |
| Gross operating margin | 9900 | €87,699 | €93,059 | +€5,360 | +6.1% |
| Operating profit (loss) | 9901 | -€1,347 | €8,829 | +€10,176 | |
| Financial income | 75/76B | €0 | €2,946 | +€2,946 | |
| Recurring financial income | 75 | €0 | €2,946 | +€2,946 | |
| Financial charges | 65/66B | €2,447 | €10,009 | +€7,562 | +309% |
| Recurring financial charges | 65 | €2,447 | €10,009 | +€7,562 | +309% |
| Profit (loss) for the period before taxes | 9903 | -€3,794 | €1,767 | +€5,560 | |
| Transfer from deferred taxes | 780 | €4,064 | €4,466 | +€402 | +9.9% |
| Income taxes | 67/77 | €4,121 | €5,000 | +€879 | +21.3% |
| Profit (loss) for the period | 9904 | -€3,851 | €1,232 | +€5,084 | |
| Transfer from tax-exempt reserves | 789 | €16,255 | €17,863 | +€1,608 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,403 | €19,095 | +€6,692 | +54.0% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.