ESZE Administration & Consulting: what changed
ESZE Administration & Consulting
Largest movements
- Tangible fixed assets +€46,381
up €46,381 (+53.5%), from €86,736 to €133,118
of which Furniture and vehicles: +€46,379
- Receivables within one year -€19,226
down €19,226 (-69.6%), from €27,625 to €8,399
of which Trade receivables: -€20,064
- Cash -€14,884
down €14,884 (-51.5%), from €28,898 to €14,014
mainly Investment in fixed assets (net) (-€71,340) and Contributions, distributions and other (-€30,000)
- Current investments +€11,707
up €11,707 (+55.3%), from €21,163 to €32,870
- Deferred charges and accrued income +€4,335
new in 2025: €4,335
- Debts after one year +€25,012
up €25,012 (+90.4%), from €27,677 to €52,690
- Current portion of long-term debt +€15,154
up €15,154 (+70.6%), from €21,480 to €36,634
- Profit (loss) carried forward -€14,043
down €14,043 (-13.2%), from €106,149 to €92,106
- Other debts +€5,216
new in 2025: €5,216
- Tax, wage and social debts -€2,986
down €2,986 (-51.1%), from €5,839 to €2,852
- Gross operating margin -€4,956
down €4,956 (-8.9%), from €55,826 to €50,870
- Depreciation +€2,711
up €2,711 (+12.2%), from €22,247 to €24,959
- Taxes -€1,673
down €1,673 (-18.9%), from €8,849 to €7,176
- Other operating charges -€1,358
down €1,358 (-50.0%), from €2,716 to €1,358
- Financial income +€1,235
up €1,235 (+678%), from €182 to €1,417
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,423 | €192,736 | +€28,313 | +17.2% |
| Fixed assets | 21/28 | €86,736 | €133,118 | +€46,381 | +53.5% |
| Tangible fixed assets | 22/27 | €86,736 | €133,118 | +€46,381 | +53.5% |
| Plant, machinery and equipment | 23 | €9,106 | €9,109 | +€2 | 0.0% |
| Furniture and vehicles | 24 | €77,630 | €124,009 | +€46,379 | +59.7% |
| Current assets | 29/58 | €77,686 | €59,618 | -€18,068 | -23.3% |
| Amounts receivable within one year | 40/41 | €27,625 | €8,399 | -€19,226 | -69.6% |
| Trade receivables | 40 | €20,064 | €0 | -€20,064 | -100% |
| Other amounts receivable | 41 | €7,561 | €8,399 | +€838 | +11.1% |
| Current investments | 50/53 | €21,163 | €32,870 | +€11,707 | +55.3% |
| Cash at bank and in hand | 54/58 | €28,898 | €14,014 | -€14,884 | -51.5% |
| Deferred charges and accrued income | 490/1 | - | €4,335 | +€4,335 | |
| Total equity and liabilities | 10/49 | €164,423 | €192,736 | +€28,313 | +17.2% |
| Equity | 10/15 | €109,149 | €95,106 | -€14,043 | -12.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,149 | €92,106 | -€14,043 | -13.2% |
| Amounts payable | 17/49 | €55,273 | €97,629 | +€42,356 | +76.6% |
| Amounts payable after more than one year | 17 | €27,677 | €52,690 | +€25,012 | +90.4% |
| Financial debts | 170/4 | €27,677 | €52,690 | +€25,012 | +90.4% |
| Amounts payable within one year | 42/48 | €27,596 | €44,940 | +€17,344 | +62.8% |
| Current portion of amounts payable after more than one year | 42 | €21,480 | €36,634 | +€15,154 | +70.6% |
| Trade debts | 44 | €278 | €237 | -€41 | -14.7% |
| Suppliers | 440/4 | €278 | €237 | -€41 | -14.7% |
| Taxes, remuneration and social security | 45 | €5,839 | €2,852 | -€2,986 | -51.1% |
| Taxes | 450/3 | €5,839 | €2,852 | -€2,986 | -51.1% |
| Other amounts payable | 47/48 | - | €5,216 | +€5,216 | |
| Non-recurring operating income | 76A | - | €3,000 | +€3,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,247 | €24,959 | +€2,711 | +12.2% |
| Other operating charges | 640/8 | €2,716 | €1,358 | -€1,358 | -50.0% |
| Gross operating margin | 9900 | €55,826 | €50,870 | -€4,956 | -8.9% |
| Operating profit (loss) | 9901 | €30,863 | €24,554 | -€6,309 | -20.4% |
| Financial income | 75/76B | €182 | €1,417 | +€1,235 | +678% |
| Recurring financial income | 75 | €182 | €1,417 | +€1,235 | +678% |
| Financial charges | 65/66B | €3,206 | €2,838 | -€368 | -11.5% |
| Recurring financial charges | 65 | €3,206 | €2,838 | -€368 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €27,839 | €23,133 | -€4,706 | -16.9% |
| Income taxes | 67/77 | €8,849 | €7,176 | -€1,673 | -18.9% |
| Profit (loss) for the period | 9904 | €18,989 | €15,957 | -€3,032 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,989 | €15,957 | -€3,032 | -16.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.