ESWO: 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.
ESWO
Largest movements
- Cash +€62,740
up €62,740 (+152.7%), from €41,075 to €103,815
mainly Debts after one year (+€254,912) and Net result for the year (+€51,240)
- Stocks and contracts -€23,834
down €23,834 (-6.3%), from €378,987 to €355,153
- Debts after one year +€254,912
up €254,912 (+728.3%), from €35,000 to €289,912
- Other debts -€172,701
down €172,701 (-100.0%), from €172,701 to €0
- Short-term financial debts -€120,000
down €120,000 (-100.0%), from €120,000 to €0
- Profit (loss) carried forward +€51,240
up €51,240 (+77.6%), from -€65,995 to -€14,755
- Current portion of long-term debt +€44,045
up €44,045, from €0 to €44,045
- Write-downs -€154,054
down €154,054 (-100.0%), from €154,054 to €0
- Gross operating margin +€25,211
up €25,211 (+14.7%), from €172,070 to €197,280
- Financial charges +€23,636
up €23,636 (+298.7%), from €7,912 to €31,548
- Staff costs +€5,952
up €5,952 (+5.6%), from €106,826 to €112,779
- Other operating charges -€3,098
down €3,098 (-62.1%), from €4,990 to €1,892
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 | €441,933 | €486,174 | +€44,241 | +10.0% |
| Fixed assets | 21/28 | €21,768 | €23,210 | +€1,443 | +6.6% |
| Tangible fixed assets | 22/27 | €21,768 | €23,210 | +€1,443 | +6.6% |
| Plant, machinery and equipment | 23 | - | €21 | +€21 | |
| Furniture and vehicles | 24 | €398 | - | -€398 | |
| Other tangible fixed assets | 26 | €21,369 | €23,189 | +€1,820 | +8.5% |
| Current assets | 29/58 | €420,165 | €462,964 | +€42,799 | +10.2% |
| Stocks and contracts in progress | 3 | €378,987 | €355,153 | -€23,834 | -6.3% |
| Stocks | 30/36 | €378,987 | €355,153 | -€23,834 | -6.3% |
| Amounts receivable within one year | 40/41 | €103 | €44 | -€59 | -57.4% |
| Trade receivables | 40 | €103 | €44 | -€59 | -57.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €41,075 | €103,815 | +€62,740 | +152.7% |
| Deferred charges and accrued income | 490/1 | €0 | €3,952 | +€3,952 | |
| Total equity and liabilities | 10/49 | €441,933 | €486,174 | +€44,241 | +10.0% |
| Equity | 10/15 | €53,064 | €104,304 | +€51,240 | +96.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €19,060 | €19,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €19,060 | €19,060 | = | 0.0% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€65,995 | -€14,755 | +€51,240 | +77.6% |
| Amounts payable | 17/49 | €388,868 | €381,870 | -€6,998 | -1.8% |
| Amounts payable after more than one year | 17 | €35,000 | €289,912 | +€254,912 | +728.3% |
| Financial debts | 170/4 | €35,000 | €289,912 | +€254,912 | +728.3% |
| Amounts payable within one year | 42/48 | €353,868 | €91,957 | -€261,911 | -74.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | €44,045 | +€44,045 | |
| Financial debts | 43 | €120,000 | €0 | -€120,000 | -100.0% |
| Credit institutions | 430/8 | €120,000 | €0 | -€120,000 | -100.0% |
| Trade debts | 44 | €37,257 | €12,557 | -€24,700 | -66.3% |
| Suppliers | 440/4 | €37,257 | €12,557 | -€24,700 | -66.3% |
| Taxes, remuneration and social security | 45 | €23,910 | €35,356 | +€11,445 | +47.9% |
| Taxes | 450/3 | €17,200 | €21,088 | +€3,889 | +22.6% |
| Remuneration and social security | 454/9 | €6,710 | €14,267 | +€7,557 | +112.6% |
| Other amounts payable | 47/48 | €172,701 | €0 | -€172,701 | -100.0% |
| Remuneration, social security and pensions | 62 | €106,826 | €112,779 | +€5,952 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,380 | €5,979 | -€402 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €154,054 | €0 | -€154,054 | -100.0% |
| Other operating charges | 640/8 | €4,990 | €1,892 | -€3,098 | -62.1% |
| Gross operating margin | 9900 | €172,070 | €197,280 | +€25,211 | +14.7% |
| Operating profit (loss) | 9901 | -€100,181 | €76,631 | +€176,812 | |
| Financial income | 75/76B | €4,510 | €6,815 | +€2,304 | +51.1% |
| Recurring financial income | 75 | €4,510 | €6,815 | +€2,304 | +51.1% |
| Financial charges | 65/66B | €7,912 | €31,548 | +€23,636 | +298.7% |
| Recurring financial charges | 65 | €7,912 | €31,548 | +€23,636 | +298.7% |
| Profit (loss) for the period before taxes | 9903 | -€103,583 | €51,898 | +€155,480 | |
| Income taxes | 67/77 | €641 | €658 | +€17 | +2.7% |
| Profit (loss) for the period | 9904 | -€104,223 | €51,240 | +€155,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€104,223 | €51,240 | +€155,463 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.