ESDEBE: 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.
ESDEBE
Largest movements
- Cash -€59,428
down €59,428 (-95.7%), from €62,127 to €2,699
mainly Debts after one year (-€33,378) and Current portion of long-term debt (-€20,586)
- Tangible fixed assets -€9,524
down €9,524 (-77.9%), from €12,223 to €2,699
- Debts after one year -€33,378
down €33,378 (-100%), from €33,378 to €0
- Current portion of long-term debt -€20,586
down €20,586 (-35.7%), from €57,653 to €37,068
- Other debts -€11,208
down €11,208 (-3.9%), from €290,602 to €279,395
- Financial income -€54,606
down €54,606 (-99.3%), from €55,000 to €394
- Gross operating margin -€1,415
down €1,415 (-3.1%), from €45,662 to €44,247
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €446,859 | €377,947 | -€68,912 | -15.4% |
| Fixed assets | 21/28 | €362,223 | €352,699 | -€9,524 | -2.6% |
| Tangible fixed assets | 22/27 | €12,223 | €2,699 | -€9,524 | -77.9% |
| Furniture and vehicles | 24 | €12,223 | €2,699 | -€9,524 | -77.9% |
| Financial fixed assets | 28 | €350,000 | €350,000 | = | 0.0% |
| Current assets | 29/58 | €84,636 | €25,248 | -€59,388 | -70.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €20,004 | €20,004 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €62,127 | €2,699 | -€59,428 | -95.7% |
| Deferred charges and accrued income | 490/1 | €2,504 | €2,544 | +€40 | +1.6% |
| Total equity and liabilities | 10/49 | €446,859 | €377,947 | -€68,912 | -15.4% |
| Equity | 10/15 | €60,608 | €60,610 | +€2 | 0.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,608 | €10,610 | +€2 | 0.0% |
| Amounts payable | 17/49 | €386,252 | €317,337 | -€68,915 | -17.8% |
| Amounts payable after more than one year | 17 | €33,378 | €0 | -€33,378 | -100% |
| Financial debts | 170/4 | €33,378 | €0 | -€33,378 | -100% |
| Amounts payable within one year | 42/48 | €352,874 | €317,337 | -€35,537 | -10.1% |
| Current portion of amounts payable after more than one year | 42 | €57,653 | €37,068 | -€20,586 | -35.7% |
| Trade debts | 44 | - | €25 | +€25 | |
| Suppliers | 440/4 | - | €25 | +€25 | |
| Taxes, remuneration and social security | 45 | €4,618 | €850 | -€3,768 | -81.6% |
| Taxes | 450/3 | €1,478 | €850 | -€628 | -42.5% |
| Remuneration and social security | 454/9 | €3,140 | €0 | -€3,140 | -100% |
| Other amounts payable | 47/48 | €290,602 | €279,395 | -€11,208 | -3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,062 | €12,642 | -€419 | -3.2% |
| Other operating charges | 640/8 | €1,166 | €1,206 | +€39 | +3.4% |
| Gross operating margin | 9900 | €45,662 | €44,247 | -€1,415 | -3.1% |
| Operating profit (loss) | 9901 | €31,434 | €30,399 | -€1,035 | -3.3% |
| Financial income | 75/76B | €55,000 | €394 | -€54,606 | -99.3% |
| Recurring financial income | 75 | €55,000 | €394 | -€54,606 | -99.3% |
| Financial charges | 65/66B | €884 | €876 | -€8 | -0.8% |
| Recurring financial charges | 65 | €884 | €876 | -€8 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €85,551 | €29,917 | -€55,634 | -65.0% |
| Income taxes | 67/77 | €9,967 | €9,964 | -€3 | 0.0% |
| Profit (loss) for the period | 9904 | €75,584 | €19,952 | -€55,631 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €75,584 | €19,952 | -€55,631 | -73.6% |
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 22 October 2026 via checked.be.