ESSENY CONSULT: 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.
ESSENY CONSULT
Largest movements
- Receivables after one year +€689,500
new in 2025: €689,500
- Tangible fixed assets -€504,123
down €504,123 (-98.6%), from €511,366 to €7,244
of which Land and buildings: -€430,637
- Cash -€190,206
down €190,206 (-63.7%), from €298,812 to €108,606
- Current investments +€46,153
up €46,153 (+12.1%), from €380,527 to €426,679
- Receivables within one year +€43,725
up €43,725 (+57.5%), from €76,096 to €119,821
of which Other amounts receivable: +€33,860
- Other debts +€557,813
new in 2025: €557,813
- Reserves -€274,593
down €274,593 (-41.7%), from €657,842 to €383,249
of which Distributable reserves: -€274,593
- Debts after one year -€205,556
no longer reported in 2025 (was €205,556)
- Tax, wage and social debts +€42,363
up €42,363 (+36.4%), from €116,302 to €158,665
of which Taxes: +€49,881
- Current portion of long-term debt -€18,056
no longer reported in 2025 (was €18,056)
- Gross operating margin +€81,955
up €81,955 (+37.2%), from €220,025 to €301,981
- Taxes +€51,601
up €51,601 (+116.9%), from €44,125 to €95,725
- Depreciation -€17,999
down €17,999 (-67.0%), from €26,874 to €8,876
- Staff costs -€15,601
down €15,601 (-31.9%), from €48,911 to €33,310
- Other operating charges +€5,206
up €5,206 (+1058.1%), from €492 to €5,698
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,290,476 | €1,396,825 | +€106,350 | +8.2% |
| Fixed assets | 21/28 | €534,726 | €30,603 | -€504,123 | -94.3% |
| Tangible fixed assets | 22/27 | €511,366 | €7,244 | -€504,123 | -98.6% |
| Land and buildings | 22 | €430,637 | - | -€430,637 | |
| Plant, machinery and equipment | 23 | €41,932 | - | -€41,932 | |
| Furniture and vehicles | 24 | €38,798 | €7,244 | -€31,554 | -81.3% |
| Financial fixed assets | 28 | €23,359 | €23,359 | = | 0.0% |
| Current assets | 29/58 | €755,750 | €1,366,222 | +€610,472 | +80.8% |
| Amounts receivable after more than one year | 29 | - | €689,500 | +€689,500 | |
| Other amounts receivable | 291 | - | €689,500 | +€689,500 | |
| Amounts receivable within one year | 40/41 | €76,096 | €119,821 | +€43,725 | +57.5% |
| Trade receivables | 40 | €45,085 | €54,951 | +€9,866 | +21.9% |
| Other amounts receivable | 41 | €31,011 | €64,870 | +€33,860 | +109.2% |
| Current investments | 50/53 | €380,527 | €426,679 | +€46,153 | +12.1% |
| Cash at bank and in hand | 54/58 | €298,812 | €108,606 | -€190,206 | -63.7% |
| Deferred charges and accrued income | 490/1 | €316 | €21,616 | +€21,301 | +6748.0% |
| Total equity and liabilities | 10/49 | €1,290,476 | €1,396,825 | +€106,350 | +8.2% |
| Equity | 10/15 | €885,966 | €611,550 | -€274,416 | -31.0% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €657,842 | €383,249 | -€274,593 | -41.7% |
| Tax-exempt reserves | 132 | €429 | €429 | = | 0.0% |
| Distributable reserves | 133 | €657,413 | €382,820 | -€274,593 | -41.8% |
| Profit (loss) carried forward | 14 | €207,673 | €207,849 | +€177 | +0.1% |
| Provisions and deferred taxes | 16 | €62,551 | €62,551 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €62,551 | €62,551 | = | 0.0% |
| Pensions and similar obligations | 160 | €62,551 | €62,551 | = | 0.0% |
| Amounts payable | 17/49 | €341,958 | €722,724 | +€380,766 | +111.3% |
| Amounts payable after more than one year | 17 | €205,556 | - | -€205,556 | |
| Financial debts | 170/4 | €205,556 | - | -€205,556 | |
| Amounts payable within one year | 42/48 | €136,403 | €722,724 | +€586,321 | +429.8% |
| Current portion of amounts payable after more than one year | 42 | €18,056 | - | -€18,056 | |
| Trade debts | 44 | €2,045 | €6,247 | +€4,201 | +205.4% |
| Suppliers | 440/4 | €2,045 | €6,247 | +€4,201 | +205.4% |
| Taxes, remuneration and social security | 45 | €116,302 | €158,665 | +€42,363 | +36.4% |
| Taxes | 450/3 | €107,649 | €157,530 | +€49,881 | +46.3% |
| Remuneration and social security | 454/9 | €8,653 | €1,135 | -€7,518 | -86.9% |
| Other amounts payable | 47/48 | - | €557,813 | +€557,813 | |
| Non-recurring operating income | 76A | €1,172 | €0 | -€1,172 | -100.0% |
| Remuneration, social security and pensions | 62 | €48,911 | €33,310 | -€15,601 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,874 | €8,876 | -€17,999 | -67.0% |
| Other operating charges | 640/8 | €492 | €5,698 | +€5,206 | +1058.1% |
| Gross operating margin | 9900 | €220,025 | €301,981 | +€81,955 | +37.2% |
| Operating profit (loss) | 9901 | €143,748 | €254,097 | +€110,349 | +76.8% |
| Financial income | 75/76B | €3,506 | €6,820 | +€3,313 | +94.5% |
| Recurring financial income | 75 | €3,506 | €6,820 | +€3,313 | +94.5% |
| Financial charges | 65/66B | €3,514 | €420 | -€3,094 | -88.1% |
| Recurring financial charges | 65 | €3,514 | €420 | -€3,094 | -88.1% |
| Profit (loss) for the period before taxes | 9903 | €143,740 | €260,497 | +€116,757 | +81.2% |
| Income taxes | 67/77 | €44,125 | €95,725 | +€51,601 | +116.9% |
| Profit (loss) for the period | 9904 | €99,615 | €164,772 | +€65,156 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | €99,615 | €164,772 | +€65,156 | +65.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.