ESRA: what changed
ESRA
Largest movements
- Cash +€19,630
up €19,630 (+867%), from €2,263 to €21,893
mainly Net result for the year (+€12,474) and Stocks and contracts (+€4,015)
- Stocks and contracts -€4,015
down €4,015 (-56.9%), from €7,057 to €3,042
- Deferred charges and accrued income -€1,324
no longer reported in 2025 (was €1,324)
- Receivables within one year -€973
down €973 (-4.4%), from €22,327 to €21,353
of which Other amounts receivable: -€769
- Profit (loss) carried forward +€12,474
up €12,474, from -€595 to €11,879
- Tax, wage and social debts +€3,267
up €3,267 (+107%), from €3,051 to €6,318
of which Taxes: +€1,939
- Trade debts -€2,424
down €2,424 (-25.5%), from €9,513 to €7,089
- Gross operating margin +€14,263
up €14,263 (+39.2%), from €36,430 to €50,692
- Other operating charges -€1,573
down €1,573 (-64.0%), from €2,457 to €884
- Taxes +€564
new in 2025: €564
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 | €33,399 | €46,716 | +€13,317 | +39.9% |
| Fixed assets | 21/28 | €428 | €428 | = | 0.0% |
| Financial fixed assets | 28 | €428 | €428 | = | 0.0% |
| Current assets | 29/58 | €32,971 | €46,288 | +€13,317 | +40.4% |
| Stocks and contracts in progress | 3 | €7,057 | €3,042 | -€4,015 | -56.9% |
| Stocks | 30/36 | €7,057 | €3,042 | -€4,015 | -56.9% |
| Amounts receivable within one year | 40/41 | €22,327 | €21,353 | -€973 | -4.4% |
| Trade receivables | 40 | €3,202 | €2,997 | -€205 | -6.4% |
| Other amounts receivable | 41 | €19,124 | €18,356 | -€769 | -4.0% |
| Cash at bank and in hand | 54/58 | €2,263 | €21,893 | +€19,630 | +867% |
| Deferred charges and accrued income | 490/1 | €1,324 | - | -€1,324 | |
| Total equity and liabilities | 10/49 | €33,399 | €46,716 | +€13,317 | +39.9% |
| Equity | 10/15 | €20,835 | €33,309 | +€12,474 | +59.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €2,838 | €2,838 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €979 | €979 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€595 | €11,879 | +€12,474 | |
| Amounts payable | 17/49 | €12,564 | €13,407 | +€843 | +6.7% |
| Amounts payable within one year | 42/48 | €12,564 | €13,407 | +€843 | +6.7% |
| Trade debts | 44 | €9,513 | €7,089 | -€2,424 | -25.5% |
| Suppliers | 440/4 | €9,513 | €7,089 | -€2,424 | -25.5% |
| Taxes, remuneration and social security | 45 | €3,051 | €6,318 | +€3,267 | +107% |
| Taxes | 450/3 | €839 | €2,778 | +€1,939 | +231% |
| Remuneration and social security | 454/9 | €2,211 | €3,539 | +€1,328 | +60.1% |
| Remuneration, social security and pensions | 62 | €33,619 | €33,745 | +€126 | +0.4% |
| Other operating charges | 640/8 | €2,457 | €884 | -€1,573 | -64.0% |
| Non-recurring operating charges | 66A | - | €2,754 | +€2,754 | |
| Gross operating margin | 9900 | €36,430 | €50,692 | +€14,263 | +39.2% |
| Operating profit (loss) | 9901 | €354 | €13,310 | +€12,956 | +3,659% |
| Financial income | 75/76B | €0 | €0 | -€0 | -76.5% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -76.5% |
| Financial charges | 65/66B | €177 | €272 | +€94 | +53.2% |
| Recurring financial charges | 65 | €177 | €272 | +€94 | +53.2% |
| Profit (loss) for the period before taxes | 9903 | €177 | €13,038 | +€12,861 | +7,256% |
| Income taxes | 67/77 | - | €564 | +€564 | |
| Profit (loss) for the period | 9904 | €177 | €12,474 | +€12,297 | +6,938% |
| Profit (loss) for the period to be appropriated | 9905 | €177 | €12,474 | +€12,297 | +6,938% |
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 3 November 2026 via checked.be.