ESU 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.
ESU CONSULT
Largest movements
- Cash -€46,473
down €46,473 (-25.4%), from €183,244 to €136,771
mainly Contributions, distributions and other (-€227,000) and Tax, wage and social debts (-€7,266)
- Receivables within one year -€36,395
down €36,395 (-95.4%), from €38,157 to €1,762
of which Trade receivables: -€36,559
- Profit (loss) carried forward -€144,181
down €144,181 (-98.0%), from €147,133 to €2,952
- Other debts +€68,000
new in 2025: €68,000
- Tax, wage and social debts -€7,266
down €7,266 (-12.2%), from €59,371 to €52,105
- Gross operating margin -€29,254
down €29,254 (-20.8%), from €140,547 to €111,293
- Taxes -€4,018
down €4,018 (-14.3%), from €28,018 to €24,000
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 | €287,888 | €204,057 | -€83,831 | -29.1% |
| Fixed assets | 21/28 | €7,275 | €5,110 | -€2,166 | -29.8% |
| Tangible fixed assets | 22/27 | €7,275 | €5,110 | -€2,166 | -29.8% |
| Plant, machinery and equipment | 23 | €1,790 | €1,559 | -€231 | -12.9% |
| Furniture and vehicles | 24 | €5,486 | €3,551 | -€1,935 | -35.3% |
| Current assets | 29/58 | €280,613 | €198,947 | -€81,666 | -29.1% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €38,157 | €1,762 | -€36,395 | -95.4% |
| Trade receivables | 40 | €36,559 | - | -€36,559 | |
| Other amounts receivable | 41 | €1,598 | €1,762 | +€164 | +10.2% |
| Cash at bank and in hand | 54/58 | €183,244 | €136,771 | -€46,473 | -25.4% |
| Deferred charges and accrued income | 490/1 | €4,212 | €5,415 | +€1,203 | +28.6% |
| Total equity and liabilities | 10/49 | €287,888 | €204,057 | -€83,831 | -29.1% |
| Equity | 10/15 | €228,133 | €83,952 | -€144,181 | -63.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €75,000 | €75,000 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €147,133 | €2,952 | -€144,181 | -98.0% |
| Amounts payable | 17/49 | €59,755 | €120,105 | +€60,350 | +101% |
| Amounts payable within one year | 42/48 | €59,755 | €120,105 | +€60,350 | +101% |
| Trade debts | 44 | €384 | - | -€384 | |
| Suppliers | 440/4 | €384 | - | -€384 | |
| Taxes, remuneration and social security | 45 | €59,371 | €52,105 | -€7,266 | -12.2% |
| Taxes | 450/3 | €59,371 | €52,105 | -€7,266 | -12.2% |
| Other amounts payable | 47/48 | - | €68,000 | +€68,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,939 | €3,002 | +€63 | +2.1% |
| Other operating charges | 640/8 | €521 | €910 | +€388 | +74.5% |
| Gross operating margin | 9900 | €140,547 | €111,293 | -€29,254 | -20.8% |
| Operating profit (loss) | 9901 | €137,087 | €107,382 | -€29,705 | -21.7% |
| Financial income | 75/76B | €1,277 | €1,342 | +€65 | +5.1% |
| Recurring financial income | 75 | €1,277 | €1,342 | +€65 | +5.1% |
| Financial charges | 65/66B | €2,326 | €1,904 | -€422 | -18.1% |
| Recurring financial charges | 65 | €2,326 | €1,904 | -€422 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | €136,038 | €106,819 | -€29,219 | -21.5% |
| Income taxes | 67/77 | €28,018 | €24,000 | -€4,018 | -14.3% |
| Profit (loss) for the period | 9904 | €108,020 | €82,819 | -€25,201 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €108,020 | €82,819 | -€25,201 | -23.3% |
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 19 October 2026 via checked.be.