H. ESSERS: 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.
What changed
H. ESSERS
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€9.6m
2024 · €9.9m-€287,841
Equity
€501.6m
2024 · €509.5m-€8.0m
Cash
€0
2024 · €29,359-€29,359
Balance sheet total
€509.9m
2024 · €510.1m-€249,886
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€8.0m
down €8.0m (-80.5%), from €9.9m to €1.9m
- Other debts +€7.7m
up €7.7m (+1,507%), from €512,197 to €8.2m
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€9.9m
Other operating charges
-€490
Other operating items
+€11,778
Financial income
-€322,578
Financial charges
+€23,448
Result 2025
€9.6m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€17.5m
Investment
+€0
Financing
-€17.6m
Cash 2024
€29,359
From operations (derived)
+€17.5m
Net result for the year
+€9.6m
Receivables within one year
+€220,041
Smaller working-capital items
-€149
Other debts
+€7.7m
Investment (derived)
+€0
Investment in fixed assets (net)
+€0
Financing
-€17.6m
Contributions, distributions and other
-€17.6m
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €510,120,992 | €509,871,106 | -€249,886 | 0.0% |
| Fixed assets | 21/28 | €509,811,936 | €509,811,936 | -€0 | 0.0% |
| Financial fixed assets | 28 | €509,811,936 | €509,811,936 | -€0 | 0.0% |
| Affiliated companies | 280/1 | €509,811,936 | €509,811,936 | -€0 | 0.0% |
| Participating interests | 280 | €509,811,936 | €509,811,936 | -€0 | 0.0% |
| Current assets | 29/58 | €309,056 | €59,170 | -€249,886 | -80.9% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €247,422 | €27,381 | -€220,041 | -88.9% |
| Trade receivables | 40 | €239,507 | €23,236 | -€216,271 | -90.3% |
| Other amounts receivable | 41 | €7,915 | €4,145 | -€3,770 | -47.6% |
| Cash at bank and in hand | 54/58 | €29,359 | €0 | -€29,359 | -100% |
| Deferred charges and accrued income | 490/1 | €32,275 | €31,789 | -€486 | -1.5% |
| Total equity and liabilities | 10/49 | €510,120,992 | €509,871,106 | -€249,886 | 0.0% |
| Equity | 10/15 | €509,524,220 | €501,556,297 | -€8.0m | -1.6% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €499,425,305 | €499,425,305 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €499,405,305 | €499,405,305 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,898,915 | €1,930,993 | -€8.0m | -80.5% |
| Amounts payable | 17/49 | €596,772 | €8,314,808 | +€7.7m | +1,293% |
| Amounts payable within one year | 42/48 | €596,772 | €8,314,808 | +€7.7m | +1,293% |
| Trade debts | 44 | €84,575 | €83,940 | -€635 | -0.8% |
| Suppliers | 440/4 | €84,575 | €83,940 | -€635 | -0.8% |
| Other amounts payable | 47/48 | €512,197 | €8,230,868 | +€7.7m | +1,507% |
| Operating income | 70/76A | €750,840 | €771,688 | +€20,848 | +2.8% |
| Other operating income | 74 | €750,840 | €771,688 | +€20,848 | +2.8% |
| Operating charges | 60/66A | €920,302 | €929,862 | +€9,560 | +1.0% |
| Services and other goods | 61 | €917,495 | €926,565 | +€9,070 | +1.0% |
| Other operating charges | 640/8 | €2,807 | €3,296 | +€490 | +17.4% |
| Operating profit (loss) | 9901 | -€169,462 | -€158,174 | +€11,289 | +6.7% |
| Financial income | 75/76B | €10,111,321 | €9,788,743 | -€322,578 | -3.2% |
| Recurring financial income | 75 | €10,111,321 | €9,788,743 | -€322,578 | -3.2% |
| Income from financial fixed assets | 750 | €10,111,321 | €9,788,743 | -€322,578 | -3.2% |
| Financial charges | 65/66B | €42,943 | €19,495 | -€23,448 | -54.6% |
| Recurring financial charges | 65 | €42,943 | €19,495 | -€23,448 | -54.6% |
| Debt charges | 650 | €42,943 | €19,495 | -€23,448 | -54.6% |
| Other financial charges | 652/9 | €0 | €0 | +€0 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €9,898,915 | €9,611,075 | -€287,841 | -2.9% |
| Profit (loss) for the period | 9904 | €9,898,915 | €9,611,075 | -€287,841 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,898,915 | €9,611,075 | -€287,841 | -2.9% |
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 25 October 2026 via checked.be.