Essenz: 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.
Essenz
Largest movements
- Tangible fixed assets +€389,469
up €389,469 (+1043.8%), from €37,311 to €426,780
of which Land and buildings: +€384,821
- Cash -€109,562
down €109,562 (-39.9%), from €274,844 to €165,283
mainly Investment in fixed assets (net) (-€399,239) and Tax, wage and social debts (-€43,720)
- Financial fixed assets -€6,600
no longer reported in 2025 (was €6,600)
- Debts after one year +€208,747
up €208,747 (+1617.2%), from €12,908 to €221,655
- Reserves +€89,289
up €89,289 (+34.8%), from €256,834 to €346,123
- Tax, wage and social debts -€43,720
down €43,720 (-67.3%), from €64,945 to €21,225
of which Taxes: -€43,751
- Current portion of long-term debt +€20,670
up €20,670 (+286.1%), from €7,225 to €27,895
- Gross operating margin -€13,361
down €13,361 (-7.7%), from €172,979 to €159,618
- Depreciation +€8,029
up €8,029 (+60.2%), from €13,341 to €21,371
- Taxes -€6,551
down €6,551 (-18.6%), from €35,159 to €28,608
- Financial charges +€2,127
up €2,127 (+73.8%), from €2,881 to €5,008
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.
Cash bridge derived
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 | €374,171 | €650,089 | +€275,917 | +73.7% |
| Fixed assets | 21/28 | €82,661 | €460,530 | +€377,869 | +457.1% |
| Intangible fixed assets | 21 | €38,750 | €33,750 | -€5,000 | -12.9% |
| Tangible fixed assets | 22/27 | €37,311 | €426,780 | +€389,469 | +1043.8% |
| Land and buildings | 22 | €322 | €385,143 | +€384,821 | +119465.2% |
| Plant, machinery and equipment | 23 | €28,428 | €34,386 | +€5,958 | +21.0% |
| Furniture and vehicles | 24 | €8,561 | €7,250 | -€1,311 | -15.3% |
| Financial fixed assets | 28 | €6,600 | - | -€6,600 | |
| Current assets | 29/58 | €291,511 | €189,559 | -€101,951 | -35.0% |
| Stocks and contracts in progress | 3 | €7,681 | €9,940 | +€2,259 | +29.4% |
| Stocks | 30/36 | €7,681 | €9,940 | +€2,259 | +29.4% |
| Amounts receivable within one year | 40/41 | €6,335 | €10,989 | +€4,654 | +73.5% |
| Trade receivables | 40 | €6,107 | €10,617 | +€4,510 | +73.9% |
| Other amounts receivable | 41 | €228 | €371 | +€144 | +63.1% |
| Cash at bank and in hand | 54/58 | €274,844 | €165,283 | -€109,562 | -39.9% |
| Deferred charges and accrued income | 490/1 | €2,651 | €3,348 | +€697 | +26.3% |
| Total equity and liabilities | 10/49 | €374,171 | €650,089 | +€275,917 | +73.7% |
| Equity | 10/15 | €276,834 | €366,123 | +€89,289 | +32.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €256,834 | €346,123 | +€89,289 | +34.8% |
| Distributable reserves | 133 | €256,834 | €346,123 | +€89,289 | +34.8% |
| Amounts payable | 17/49 | €97,338 | €283,966 | +€186,628 | +191.7% |
| Amounts payable after more than one year | 17 | €12,908 | €221,655 | +€208,747 | +1617.2% |
| Financial debts | 170/4 | €12,908 | €221,655 | +€208,747 | +1617.2% |
| Amounts payable within one year | 42/48 | €84,430 | €62,312 | -€22,118 | -26.2% |
| Current portion of amounts payable after more than one year | 42 | €7,225 | €27,895 | +€20,670 | +286.1% |
| Trade debts | 44 | €11,496 | €8,696 | -€2,801 | -24.4% |
| Suppliers | 440/4 | €11,496 | €8,696 | -€2,801 | -24.4% |
| Advances received on contracts in progress | 46 | €763 | €4,375 | +€3,612 | +473.6% |
| Taxes, remuneration and social security | 45 | €64,945 | €21,225 | -€43,720 | -67.3% |
| Taxes | 450/3 | €61,215 | €17,464 | -€43,751 | -71.5% |
| Remuneration and social security | 454/9 | €3,730 | €3,761 | +€31 | +0.8% |
| Other amounts payable | 47/48 | - | €121 | +€121 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,341 | €21,371 | +€8,029 | +60.2% |
| Other operating charges | 640/8 | €3,117 | €3,718 | +€601 | +19.3% |
| Gross operating margin | 9900 | €172,979 | €159,618 | -€13,361 | -7.7% |
| Operating profit (loss) | 9901 | €156,521 | €134,529 | -€21,991 | -14.1% |
| Financial income | 75/76B | €69 | €176 | +€108 | +156.9% |
| Recurring financial income | 75 | €69 | €176 | +€108 | +156.9% |
| Financial charges | 65/66B | €2,881 | €5,008 | +€2,127 | +73.8% |
| Recurring financial charges | 65 | €2,881 | €5,008 | +€2,127 | +73.8% |
| Profit (loss) for the period before taxes | 9903 | €153,708 | €129,697 | -€24,011 | -15.6% |
| Income taxes | 67/77 | €35,159 | €28,608 | -€6,551 | -18.6% |
| Profit (loss) for the period | 9904 | €118,549 | €101,089 | -€17,460 | -14.7% |
| Profit (loss) for the period to be appropriated | 9905 | €118,549 | €101,089 | -€17,460 | -14.7% |
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 4 October 2026 via checked.be.