ESW IMMO: 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.
ESW IMMO
Largest movements
- Tangible fixed assets -€41,150
down €41,150 (-5.2%), from €792,119 to €750,969
of which Land and buildings: -€26,647
- Cash -€15,109
down €15,109 (-62.1%), from €24,322 to €9,213
mainly Debts after one year (-€41,214) and Other debts (-€30,000)
- Debts after one year -€41,214
down €41,214 (-19.2%), from €214,461 to €173,247
- Other debts -€30,000
down €30,000 (-17.7%), from €169,601 to €139,601
- Profit (loss) carried forward +€9,662
up €9,662 (+3.9%), from €245,231 to €254,893
- Depreciation +€5,188
up €5,188 (+12.7%), from €40,961 to €46,150
- Taxes +€2,411
up €2,411 (+283.8%), from €850 to €3,261
- Financial charges -€2,165
down €2,165 (-10.6%), from €20,441 to €18,276
- Gross operating margin -€1,311
down €1,311 (-1.5%), from €86,255 to €84,943
- Other operating charges -€1,247
down €1,247 (-14.0%), from €8,878 to €7,631
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 | €816,441 | €760,182 | -€56,258 | -6.9% |
| Fixed assets | 21/28 | €792,119 | €750,969 | -€41,150 | -5.2% |
| Tangible fixed assets | 22/27 | €792,119 | €750,969 | -€41,150 | -5.2% |
| Land and buildings | 22 | €629,764 | €603,117 | -€26,647 | -4.2% |
| Plant, machinery and equipment | 23 | €162,355 | €147,852 | -€14,503 | -8.9% |
| Current assets | 29/58 | €24,322 | €9,213 | -€15,109 | -62.1% |
| Cash at bank and in hand | 54/58 | €24,322 | €9,213 | -€15,109 | -62.1% |
| Total equity and liabilities | 10/49 | €816,441 | €760,182 | -€56,258 | -6.9% |
| Equity | 10/15 | €381,631 | €391,293 | +€9,662 | +2.5% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Capital | 10 | €124,000 | €124,000 | = | 0.0% |
| Issued capital | 100 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Legal reserve | 130 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,231 | €254,893 | +€9,662 | +3.9% |
| Amounts payable | 17/49 | €434,810 | €368,890 | -€65,920 | -15.2% |
| Amounts payable after more than one year | 17 | €214,461 | €173,247 | -€41,214 | -19.2% |
| Financial debts | 170/4 | €214,461 | €173,247 | -€41,214 | -19.2% |
| Amounts payable within one year | 42/48 | €211,676 | €186,447 | -€25,229 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €39,595 | €41,214 | +€1,619 | +4.1% |
| Taxes, remuneration and social security | 45 | €2,481 | €5,632 | +€3,151 | +127.0% |
| Taxes | 450/3 | €2,481 | €5,632 | +€3,151 | +127.0% |
| Other amounts payable | 47/48 | €169,601 | €139,601 | -€30,000 | -17.7% |
| Accrued charges and deferred income | 492/3 | €8,672 | €9,196 | +€523 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,961 | €46,150 | +€5,188 | +12.7% |
| Other operating charges | 640/8 | €8,878 | €7,631 | -€1,247 | -14.0% |
| Gross operating margin | 9900 | €86,255 | €84,943 | -€1,311 | -1.5% |
| Operating profit (loss) | 9901 | €36,415 | €31,163 | -€5,253 | -14.4% |
| Financial income | 75/76B | €4 | €35 | +€31 | +788.2% |
| Recurring financial income | 75 | €4 | €35 | +€31 | +788.2% |
| Financial charges | 65/66B | €20,441 | €18,276 | -€2,165 | -10.6% |
| Recurring financial charges | 65 | €20,441 | €18,276 | -€2,165 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €15,979 | €12,922 | -€3,057 | -19.1% |
| Income taxes | 67/77 | €850 | €3,261 | +€2,411 | +283.8% |
| Profit (loss) for the period | 9904 | €15,129 | €9,662 | -€5,468 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €15,129 | €9,662 | -€5,468 | -36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.