ESSQUARE: 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.
ESSQUARE
Largest movements
- Stocks and contracts +€11,800
new in 2025: €11,800
- Receivables within one year -€9,670
down €9,670 (-57.9%), from €16,690 to €7,020
- Tangible fixed assets -€2,789
down €2,789 (-40.1%), from €6,958 to €4,170
of which Plant, machinery and equipment: -€2,224
- Cash -€1,937
down €1,937 (-24.7%), from €7,850 to €5,912
mainly Stocks and contracts (-€11,800) and Tax, wage and social debts (-€7,433)
- Tax, wage and social debts -€7,433
down €7,433 (-88.7%), from €8,380 to €947
- Accrued charges and deferred income +€5,558
new in 2025: €5,558
- Trade debts -€900
down €900 (-12.6%), from €7,159 to €6,259
- Depreciation +€1,084
up €1,084 (+63.6%), from €1,704 to €2,789
- Taxes -€269
down €269 (-44.0%), from €612 to €343
- Gross operating margin +€85
up €85 (+2.0%), from €4,240 to €4,325
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 | €32,046 | €29,450 | -€2,596 | -8.1% |
| Fixed assets | 21/28 | €6,958 | €4,170 | -€2,789 | -40.1% |
| Tangible fixed assets | 22/27 | €6,958 | €4,170 | -€2,789 | -40.1% |
| Plant, machinery and equipment | 23 | €6,297 | €4,072 | -€2,224 | -35.3% |
| Furniture and vehicles | 24 | €662 | €97 | -€564 | -85.3% |
| Current assets | 29/58 | €25,088 | €25,280 | +€193 | +0.8% |
| Stocks and contracts in progress | 3 | - | €11,800 | +€11,800 | |
| Contracts in progress | 37 | - | €11,800 | +€11,800 | |
| Amounts receivable within one year | 40/41 | €16,690 | €7,020 | -€9,670 | -57.9% |
| Trade receivables | 40 | €16,690 | €7,020 | -€9,670 | -57.9% |
| Cash at bank and in hand | 54/58 | €7,850 | €5,912 | -€1,937 | -24.7% |
| Deferred charges and accrued income | 490/1 | €548 | €548 | = | 0.0% |
| Total equity and liabilities | 10/49 | €32,046 | €29,450 | -€2,596 | -8.1% |
| Equity | 10/15 | €16,507 | €16,686 | +€179 | +1.1% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €10,507 | €10,507 | = | 0.0% |
| Distributable reserves | 133 | €10,507 | €10,507 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €179 | +€179 | |
| Amounts payable | 17/49 | €15,539 | €12,764 | -€2,775 | -17.9% |
| Amounts payable within one year | 42/48 | €15,539 | €7,206 | -€8,333 | -53.6% |
| Trade debts | 44 | €7,159 | €6,259 | -€900 | -12.6% |
| Suppliers | 440/4 | €7,159 | €6,259 | -€900 | -12.6% |
| Taxes, remuneration and social security | 45 | €8,380 | €947 | -€7,433 | -88.7% |
| Taxes | 450/3 | €8,380 | €947 | -€7,433 | -88.7% |
| Accrued charges and deferred income | 492/3 | - | €5,558 | +€5,558 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,704 | €2,789 | +€1,084 | +63.6% |
| Other operating charges | 640/8 | €834 | €846 | +€12 | +1.4% |
| Gross operating margin | 9900 | €4,240 | €4,325 | +€85 | +2.0% |
| Operating profit (loss) | 9901 | €1,701 | €691 | -€1,011 | -59.4% |
| Financial charges | 65/66B | €170 | €169 | -€0 | -0.3% |
| Recurring financial charges | 65 | €170 | €169 | -€0 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | €1,532 | €521 | -€1,010 | -66.0% |
| Income taxes | 67/77 | €612 | €343 | -€269 | -44.0% |
| Profit (loss) for the period | 9904 | €920 | €179 | -€741 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €920 | €179 | -€741 | -80.5% |
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 7 October 2026 via checked.be.