eSVee: 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.
eSVee
Largest movements
- Tangible fixed assets -€191,472
down €191,472 (-50.1%), from €382,086 to €190,614
of which Land and buildings: -€174,514
- Cash +€17,696
up €17,696 (+264%), from €6,704 to €24,400
mainly Investment in fixed assets (net) (+€162,384) and Other debts (+€56,441)
- Receivables within one year +€8,605
up €8,605 (+51.6%), from €16,664 to €25,269
of which Trade receivables: +€10,235
- Debts after one year -€151,711
down €151,711 (-56.0%), from €270,824 to €119,113
- Profit (loss) carried forward -€58,802
down €58,802 (-171%), from -€34,351 to -€93,153
- Other debts +€56,441
up €56,441 (+252%), from €22,428 to €78,869
- Reserves -€9,000
down €9,000 (-7.4%), from €121,298 to €112,298
- Current portion of long-term debt -€6,129
down €6,129 (-29.0%), from €21,120 to €14,991
- Gross operating margin -€28,514
down €28,514, from €16,293 to -€12,221
- Taxes -€7,696
no longer reported in 2025 (was €7,696)
- Financial charges +€2,763
up €2,763 (+30.2%), from €9,137 to €11,900
- Other operating charges +€672
up €672 (+20.3%), from €3,315 to €3,987
- Depreciation -€210
down €210 (-0.7%), from €29,298 to €29,088
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 | €405,454 | €240,283 | -€165,171 | -40.7% |
| Fixed assets | 21/28 | €382,086 | €190,614 | -€191,472 | -50.1% |
| Tangible fixed assets | 22/27 | €382,086 | €190,614 | -€191,472 | -50.1% |
| Land and buildings | 22 | €354,721 | €180,207 | -€174,514 | -49.2% |
| Plant, machinery and equipment | 23 | €16,435 | €10,407 | -€6,028 | -36.7% |
| Furniture and vehicles | 24 | €10,930 | €0 | -€10,930 | -100% |
| Current assets | 29/58 | €23,368 | €49,669 | +€26,301 | +113% |
| Amounts receivable within one year | 40/41 | €16,664 | €25,269 | +€8,605 | +51.6% |
| Trade receivables | 40 | - | €10,235 | +€10,235 | |
| Other amounts receivable | 41 | €16,664 | €15,034 | -€1,630 | -9.8% |
| Cash at bank and in hand | 54/58 | €6,704 | €24,400 | +€17,696 | +264% |
| Total equity and liabilities | 10/49 | €405,454 | €240,283 | -€165,171 | -40.7% |
| Equity | 10/15 | €86,947 | €19,145 | -€67,802 | -78.0% |
| Reserves | 13 | €121,298 | €112,298 | -€9,000 | -7.4% |
| Distributable reserves | 133 | €121,298 | €112,298 | -€9,000 | -7.4% |
| Profit (loss) carried forward | 14 | -€34,351 | -€93,153 | -€58,802 | -171% |
| Amounts payable | 17/49 | €318,507 | €221,138 | -€97,369 | -30.6% |
| Amounts payable after more than one year | 17 | €270,824 | €119,113 | -€151,711 | -56.0% |
| Financial debts | 170/4 | €270,824 | €119,113 | -€151,711 | -56.0% |
| Amounts payable within one year | 42/48 | €45,983 | €96,382 | +€50,399 | +110% |
| Current portion of amounts payable after more than one year | 42 | €21,120 | €14,991 | -€6,129 | -29.0% |
| Trade debts | 44 | €2,172 | €2,522 | +€350 | +16.1% |
| Suppliers | 440/4 | €2,172 | €2,522 | +€350 | +16.1% |
| Taxes, remuneration and social security | 45 | €263 | - | -€263 | |
| Taxes | 450/3 | €263 | - | -€263 | |
| Other amounts payable | 47/48 | €22,428 | €78,869 | +€56,441 | +252% |
| Accrued charges and deferred income | 492/3 | €1,700 | €5,643 | +€3,943 | +232% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,298 | €29,088 | -€210 | -0.7% |
| Other operating charges | 640/8 | €3,315 | €3,987 | +€672 | +20.3% |
| Non-recurring operating charges | 66A | €1,083 | €1,718 | +€635 | +58.6% |
| Gross operating margin | 9900 | €16,293 | -€12,221 | -€28,514 | |
| Operating profit (loss) | 9901 | -€17,403 | -€47,014 | -€29,611 | -170% |
| Financial income | 75/76B | - | €112 | +€112 | |
| Recurring financial income | 75 | - | €112 | +€112 | |
| Financial charges | 65/66B | €9,137 | €11,900 | +€2,763 | +30.2% |
| Recurring financial charges | 65 | €9,137 | €11,900 | +€2,763 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€26,540 | -€58,802 | -€32,262 | -122% |
| Income taxes | 67/77 | €7,696 | - | -€7,696 | |
| Profit (loss) for the period | 9904 | -€34,236 | -€58,802 | -€24,566 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,236 | -€58,802 | -€24,566 | -71.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.