ESW 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.
ESW Consult
Largest movements
- Cash +€144,943
up €144,943 (+184.5%), from €78,579 to €223,522
mainly Net result for the year (+€160,869) and Other debts (+€96,979)
- Receivables within one year -€78,909
down €78,909 (-58.1%), from €135,779 to €56,871
of which Other amounts receivable: -€67,169
- Other debts +€96,979
up €96,979 (+104.3%), from €92,985 to €189,963
- Trade debts -€43,318
down €43,318 (-88.1%), from €49,192 to €5,873
- Tax, wage and social debts +€6,133
up €6,133 (+78.5%), from €7,817 to €13,950
- Gross operating margin +€44,801
up €44,801 (+21.3%), from €210,752 to €255,553
- Financial charges +€42,687
up €42,687 (+2999.9%), from €1,423 to €44,110
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 | €330,035 | €390,655 | +€60,621 | +18.4% |
| Fixed assets | 21/28 | €110,280 | €106,944 | -€3,335 | -3.0% |
| Tangible fixed assets | 22/27 | €20,280 | €16,944 | -€3,335 | -16.4% |
| Furniture and vehicles | 24 | €20,280 | €16,944 | -€3,335 | -16.4% |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €219,755 | €283,711 | +€63,956 | +29.1% |
| Amounts receivable within one year | 40/41 | €135,779 | €56,871 | -€78,909 | -58.1% |
| Trade receivables | 40 | €47,904 | €36,164 | -€11,740 | -24.5% |
| Other amounts receivable | 41 | €87,875 | €20,707 | -€67,169 | -76.4% |
| Cash at bank and in hand | 54/58 | €78,579 | €223,522 | +€144,943 | +184.5% |
| Deferred charges and accrued income | 490/1 | €5,397 | €3,319 | -€2,079 | -38.5% |
| Total equity and liabilities | 10/49 | €330,035 | €390,655 | +€60,621 | +18.4% |
| Equity | 10/15 | €180,000 | €180,869 | +€869 | +0.5% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €99,295 | €99,295 | = | 0.0% |
| Distributable reserves | 133 | €99,295 | €99,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,205 | €78,074 | +€869 | +1.1% |
| Amounts payable | 17/49 | €150,035 | €209,786 | +€59,751 | +39.8% |
| Amounts payable within one year | 42/48 | €149,993 | €209,786 | +€59,793 | +39.9% |
| Trade debts | 44 | €49,192 | €5,873 | -€43,318 | -88.1% |
| Suppliers | 440/4 | €49,192 | €5,873 | -€43,318 | -88.1% |
| Taxes, remuneration and social security | 45 | €7,817 | €13,950 | +€6,133 | +78.5% |
| Taxes | 450/3 | €7,817 | €13,950 | +€6,133 | +78.5% |
| Other amounts payable | 47/48 | €92,985 | €189,963 | +€96,979 | +104.3% |
| Accrued charges and deferred income | 492/3 | €42 | - | -€42 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,634 | €5,708 | +€74 | +1.3% |
| Other operating charges | 640/8 | €100 | €185 | +€85 | +85.4% |
| Gross operating margin | 9900 | €210,752 | €255,553 | +€44,801 | +21.3% |
| Operating profit (loss) | 9901 | €205,018 | €249,659 | +€44,641 | +21.8% |
| Financial income | 75/76B | €3,396 | €3,963 | +€567 | +16.7% |
| Recurring financial income | 75 | €3,396 | €3,963 | +€567 | +16.7% |
| Financial charges | 65/66B | €1,423 | €44,110 | +€42,687 | +2999.9% |
| Recurring financial charges | 65 | €1,423 | €44,110 | +€42,687 | +2999.9% |
| Profit (loss) for the period before taxes | 9903 | €206,991 | €209,512 | +€2,521 | +1.2% |
| Income taxes | 67/77 | €49,009 | €48,643 | -€366 | -0.7% |
| Profit (loss) for the period | 9904 | €157,982 | €160,869 | +€2,887 | +1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €157,982 | €160,869 | +€2,887 | +1.8% |
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 12 October 2026 via checked.be.