ESSERS & VANBRIEL: 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.
ESSERS & VANBRIEL
Largest movements
- Receivables within one year +€62,507
up €62,507 (+21.9%), from €285,637 to €348,144
of which Other amounts receivable: +€53,719
- Cash -€44,326
down €44,326 (-48.9%), from €90,682 to €46,356
mainly Contributions, distributions and other (-€100,000) and Trade debts (-€99,715)
- Tangible fixed assets -€34,477
down €34,477 (-7.7%), from €449,753 to €415,276
of which Land and buildings: -€25,106
- Deferred charges and accrued income -€33,696
down €33,696 (-27.5%), from €122,726 to €89,031
- Trade debts -€99,715
down €99,715 (-37.5%), from €265,980 to €166,265
- Other debts +€63,916
up €63,916 (+105%), from €61,084 to €125,000
- Reserves +€40,945
up €40,945 (+25.7%), from €159,316 to €200,261
- Debts after one year -€39,243
down €39,243 (-12.9%), from €304,319 to €265,076
- Tax, wage and social debts -€15,778
down €15,778 (-16.7%), from €94,290 to €78,512
of which Taxes: -€39,131
- Gross operating margin +€203,303
up €203,303 (+29.0%), from €700,015 to €903,318
- Staff costs +€68,904
up €68,904 (+12.7%), from €544,106 to €613,010
- Taxes +€30,788
up €30,788 (+82.5%), from €37,298 to €68,086
- Write-downs +€17,314
new in 2025: €17,314
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 | €948,798 | €898,806 | -€49,992 | -5.3% |
| Fixed assets | 21/28 | €449,753 | €415,276 | -€34,477 | -7.7% |
| Tangible fixed assets | 22/27 | €449,753 | €415,276 | -€34,477 | -7.7% |
| Land and buildings | 22 | €376,681 | €351,575 | -€25,106 | -6.7% |
| Plant, machinery and equipment | 23 | €7,167 | €5,715 | -€1,452 | -20.3% |
| Furniture and vehicles | 24 | €65,906 | €57,987 | -€7,919 | -12.0% |
| Current assets | 29/58 | €499,045 | €483,530 | -€15,515 | -3.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Trade receivables | 290 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €285,637 | €348,144 | +€62,507 | +21.9% |
| Trade receivables | 40 | €276,411 | €285,198 | +€8,788 | +3.2% |
| Other amounts receivable | 41 | €9,226 | €62,945 | +€53,719 | +582% |
| Cash at bank and in hand | 54/58 | €90,682 | €46,356 | -€44,326 | -48.9% |
| Deferred charges and accrued income | 490/1 | €122,726 | €89,031 | -€33,696 | -27.5% |
| Total equity and liabilities | 10/49 | €948,798 | €898,806 | -€49,992 | -5.3% |
| Equity | 10/15 | €179,316 | €220,261 | +€40,945 | +22.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €159,316 | €200,261 | +€40,945 | +25.7% |
| Distributable reserves | 133 | €159,316 | €200,261 | +€40,945 | +25.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €769,482 | €678,545 | -€90,937 | -11.8% |
| Amounts payable after more than one year | 17 | €304,319 | €265,076 | -€39,243 | -12.9% |
| Financial debts | 170/4 | €304,319 | €265,076 | -€39,243 | -12.9% |
| Amounts payable within one year | 42/48 | €465,163 | €413,469 | -€51,694 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €43,806 | €39,265 | -€4,541 | -10.4% |
| Financial debts | 43 | €3 | €1,692 | +€1,688 | +49,654% |
| Credit institutions | 430/8 | €3 | €1,692 | +€1,688 | +49,654% |
| Trade debts | 44 | €265,980 | €166,265 | -€99,715 | -37.5% |
| Suppliers | 440/4 | €265,980 | €166,265 | -€99,715 | -37.5% |
| Advances received on contracts in progress | 46 | - | €2,737 | +€2,737 | |
| Taxes, remuneration and social security | 45 | €94,290 | €78,512 | -€15,778 | -16.7% |
| Taxes | 450/3 | €39,131 | €0 | -€39,131 | -100% |
| Remuneration and social security | 454/9 | €55,159 | €78,512 | +€23,352 | +42.3% |
| Other amounts payable | 47/48 | €61,084 | €125,000 | +€63,916 | +105% |
| Remuneration, social security and pensions | 62 | €544,106 | €613,010 | +€68,904 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,370 | €45,386 | -€984 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €17,314 | +€17,314 | |
| Other operating charges | 640/8 | €4,337 | €4,771 | +€433 | +10.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €700,015 | €903,318 | +€203,303 | +29.0% |
| Operating profit (loss) | 9901 | €105,202 | €222,837 | +€117,635 | +112% |
| Financial income | 75/76B | €717 | €70 | -€647 | -90.2% |
| Recurring financial income | 75 | €717 | €70 | -€647 | -90.2% |
| Financial charges | 65/66B | €12,266 | €13,877 | +€1,612 | +13.1% |
| Recurring financial charges | 65 | €12,266 | €13,877 | +€1,612 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €93,654 | €209,031 | +€115,377 | +123% |
| Income taxes | 67/77 | €37,298 | €68,086 | +€30,788 | +82.5% |
| Profit (loss) for the period | 9904 | €56,356 | €140,945 | +€84,589 | +150% |
| Profit (loss) for the period to be appropriated | 9905 | €56,356 | €140,945 | +€84,589 | +150% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.