ESVEECEE: 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.
ESVEECEE
Largest movements
- Tangible fixed assets -€84,776
down €84,776 (-11.7%), from €725,114 to €640,338
of which Other tangible fixed assets: -€54,595
- Cash +€36,517
up €36,517 (+14.9%), from €245,212 to €281,729
mainly Net result for the year (+€107,481) and Depreciation (+€84,776)
- Receivables within one year +€25,258
up €25,258 (+14.1%), from €179,194 to €204,451
of which Other amounts receivable: +€25,851
- Profit (loss) carried forward +€107,481
up €107,481 (+25.7%), from €418,435 to €525,916
- Debts after one year -€106,989
down €106,989 (-36.0%), from €297,074 to €190,084
- Trade debts -€37,299
down €37,299 (-16.6%), from €225,030 to €187,730
- Gross operating margin +€43,750
up €43,750 (+8.9%), from €492,187 to €535,937
- Staff costs +€31,010
up €31,010 (+11.7%), from €264,353 to €295,362
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,330,504 | €1,304,274 | -€26,229 | -2.0% |
| Fixed assets | 21/28 | €728,086 | €643,311 | -€84,776 | -11.6% |
| Tangible fixed assets | 22/27 | €725,114 | €640,338 | -€84,776 | -11.7% |
| Plant, machinery and equipment | 23 | €155,081 | €124,900 | -€30,181 | -19.5% |
| Other tangible fixed assets | 26 | €570,033 | €515,438 | -€54,595 | -9.6% |
| Financial fixed assets | 28 | €2,973 | €2,973 | = | 0.0% |
| Current assets | 29/58 | €602,417 | €660,964 | +€58,546 | +9.7% |
| Stocks and contracts in progress | 3 | €173,808 | €170,777 | -€3,031 | -1.7% |
| Stocks | 30/36 | €173,808 | €170,777 | -€3,031 | -1.7% |
| Amounts receivable within one year | 40/41 | €179,194 | €204,451 | +€25,258 | +14.1% |
| Trade receivables | 40 | €79,253 | €78,660 | -€593 | -0.7% |
| Other amounts receivable | 41 | €99,940 | €125,791 | +€25,851 | +25.9% |
| Cash at bank and in hand | 54/58 | €245,212 | €281,729 | +€36,517 | +14.9% |
| Deferred charges and accrued income | 490/1 | €4,203 | €4,007 | -€197 | -4.7% |
| Total equity and liabilities | 10/49 | €1,330,504 | €1,304,274 | -€26,229 | -2.0% |
| Equity | 10/15 | €679,935 | €787,416 | +€107,481 | +15.8% |
| Contributions | 10/11 | €261,500 | €261,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €418,435 | €525,916 | +€107,481 | +25.7% |
| Amounts payable | 17/49 | €650,569 | €516,858 | -€133,711 | -20.6% |
| Amounts payable after more than one year | 17 | €297,074 | €190,084 | -€106,989 | -36.0% |
| Financial debts | 170/4 | €297,074 | €190,084 | -€106,989 | -36.0% |
| Amounts payable within one year | 42/48 | €352,708 | €326,068 | -€26,639 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €106,881 | €106,989 | +€108 | +0.1% |
| Trade debts | 44 | €225,030 | €187,730 | -€37,299 | -16.6% |
| Suppliers | 440/4 | €225,030 | €187,730 | -€37,299 | -16.6% |
| Taxes, remuneration and social security | 45 | €20,797 | €31,349 | +€10,552 | +50.7% |
| Taxes | 450/3 | €601 | €7,852 | +€7,251 | +1207.4% |
| Remuneration and social security | 454/9 | €20,197 | €23,497 | +€3,300 | +16.3% |
| Accrued charges and deferred income | 492/3 | €787 | €705 | -€82 | -10.4% |
| Remuneration, social security and pensions | 62 | €264,353 | €295,362 | +€31,010 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,587 | €84,776 | +€2,189 | +2.7% |
| Other operating charges | 640/8 | €2,747 | €3,013 | +€266 | +9.7% |
| Gross operating margin | 9900 | €492,187 | €535,937 | +€43,750 | +8.9% |
| Operating profit (loss) | 9901 | €142,500 | €152,786 | +€10,285 | +7.2% |
| Financial income | 75/76B | €4,864 | €87 | -€4,777 | -98.2% |
| Recurring financial income | 75 | €4,864 | €87 | -€4,777 | -98.2% |
| Financial charges | 65/66B | €7,366 | €6,311 | -€1,055 | -14.3% |
| Recurring financial charges | 65 | €7,366 | €6,311 | -€1,055 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €139,998 | €146,562 | +€6,563 | +4.7% |
| Income taxes | 67/77 | €35,546 | €39,080 | +€3,534 | +9.9% |
| Profit (loss) for the period | 9904 | €104,452 | €107,481 | +€3,029 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €104,452 | €107,481 | +€3,029 | +2.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 November 2023 and 30 November 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.