ESSET ENGAGE: 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.
ESSET ENGAGE
Largest movements
- Cash -€87,784
down €87,784 (-52.8%), from €166,366 to €78,582
mainly Contributions, distributions and other (-€52,376) and Trade debts (-€41,915)
- Receivables within one year -€10,426
down €10,426 (-4.5%), from €229,890 to €219,464
- Investment grants -€52,376
down €52,376 (-17.4%), from €301,261 to €248,885
- Trade debts -€41,915
down €41,915 (-96.5%), from €43,445 to €1,530
- Profit (loss) carried forward -€4,637
down €4,637 (-20.4%), from €22,754 to €18,116
- Financial income -€164,067
down €164,067 (-75.4%), from €217,516 to €53,449
- Gross operating margin +€145,269
up €145,269 (+95.9%), from -€151,546 to -€6,277
- Staff costs +€4,632
up €4,632 (+9.9%), from €46,733 to €51,365
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 | €396,256 | €298,046 | -€98,210 | -24.8% |
| Current assets | 29/58 | €396,256 | €298,046 | -€98,210 | -24.8% |
| Amounts receivable within one year | 40/41 | €229,890 | €219,464 | -€10,426 | -4.5% |
| Other amounts receivable | 41 | €229,890 | €219,464 | -€10,426 | -4.5% |
| Cash at bank and in hand | 54/58 | €166,366 | €78,582 | -€87,784 | -52.8% |
| Total equity and liabilities | 10/49 | €396,256 | €298,046 | -€98,210 | -24.8% |
| Equity | 10/15 | €344,475 | €287,461 | -€57,014 | -16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,754 | €18,116 | -€4,637 | -20.4% |
| Investment grants | 15 | €301,261 | €248,885 | -€52,376 | -17.4% |
| Amounts payable | 17/49 | €51,781 | €10,585 | -€41,196 | -79.6% |
| Amounts payable within one year | 42/48 | €51,396 | €10,185 | -€41,211 | -80.2% |
| Trade debts | 44 | €43,445 | €1,530 | -€41,915 | -96.5% |
| Suppliers | 440/4 | €43,445 | €1,530 | -€41,915 | -96.5% |
| Taxes, remuneration and social security | 45 | €7,138 | €7,855 | +€716 | +10.0% |
| Taxes | 450/3 | €395 | €477 | +€82 | +20.8% |
| Remuneration and social security | 454/9 | €6,744 | €7,378 | +€634 | +9.4% |
| Other amounts payable | 47/48 | €813 | €800 | -€12 | -1.5% |
| Accrued charges and deferred income | 492/3 | €384 | €400 | +€15 | +4.0% |
| Remuneration, social security and pensions | 62 | €46,733 | €51,365 | +€4,632 | +9.9% |
| Gross operating margin | 9900 | -€151,546 | -€6,277 | +€145,269 | +95.9% |
| Operating profit (loss) | 9901 | -€198,279 | -€57,642 | +€140,637 | +70.9% |
| Financial income | 75/76B | €217,516 | €53,449 | -€164,067 | -75.4% |
| Recurring financial income | 75 | €217,516 | €53,449 | -€164,067 | -75.4% |
| Financial charges | 65/66B | €444 | €444 | = | 0.0% |
| Recurring financial charges | 65 | €444 | €444 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €18,793 | -€4,637 | -€23,430 | |
| Profit (loss) for the period | 9904 | €18,793 | -€4,637 | -€23,430 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,793 | -€4,637 | -€23,430 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.