ESSELCO: 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.
ESSELCO
Largest movements
- Cash -€75,745
down €75,745 (-29.4%), from €257,356 to €181,611
mainly Receivables within one year (-€38,760) and Contributions, distributions and other (-€28,500)
- Receivables within one year +€38,760
up €38,760 (+114%), from €34,136 to €72,896
of which Trade receivables: +€40,605
- Deferred charges and accrued income -€5,204
down €5,204 (-90.1%), from €5,774 to €570
- Reserves -€28,500
down €28,500 (-19.5%), from €146,405 to €117,905
- Tax, wage and social debts -€9,746
down €9,746 (-42.5%), from €22,933 to €13,187
of which Taxes: -€9,746
- Profit (loss) carried forward -€5,191
down €5,191 (-10.6%), from €48,925 to €43,735
- Gross operating margin -€37,454
down €37,454, from €34,179 to -€3,274
- Taxes -€9,877
down €9,877 (-96.6%), from €10,226 to €349
- Depreciation +€548
up €548 (+82.0%), from €669 to €1,217
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 | €301,124 | €259,388 | -€41,736 | -13.9% |
| Fixed assets | 21/28 | €3,858 | €4,312 | +€454 | +11.8% |
| Tangible fixed assets | 22/27 | €3,633 | €4,187 | +€554 | +15.2% |
| Furniture and vehicles | 24 | €3,633 | €4,187 | +€554 | +15.2% |
| Financial fixed assets | 28 | €225 | €125 | -€100 | -44.4% |
| Current assets | 29/58 | €297,266 | €255,077 | -€42,190 | -14.2% |
| Amounts receivable within one year | 40/41 | €34,136 | €72,896 | +€38,760 | +114% |
| Trade receivables | 40 | €6,790 | €47,396 | +€40,605 | +598% |
| Other amounts receivable | 41 | €27,345 | €25,500 | -€1,845 | -6.7% |
| Cash at bank and in hand | 54/58 | €257,356 | €181,611 | -€75,745 | -29.4% |
| Deferred charges and accrued income | 490/1 | €5,774 | €570 | -€5,204 | -90.1% |
| Total equity and liabilities | 10/49 | €301,124 | €259,388 | -€41,736 | -13.9% |
| Equity | 10/15 | €195,330 | €161,640 | -€33,691 | -17.2% |
| Reserves | 13 | €146,405 | €117,905 | -€28,500 | -19.5% |
| Distributable reserves | 133 | €146,405 | €117,905 | -€28,500 | -19.5% |
| Profit (loss) carried forward | 14 | €48,925 | €43,735 | -€5,191 | -10.6% |
| Amounts payable | 17/49 | €105,794 | €97,749 | -€8,045 | -7.6% |
| Amounts payable within one year | 42/48 | €105,752 | €96,602 | -€9,149 | -8.7% |
| Trade debts | 44 | €17,005 | €18,250 | +€1,245 | +7.3% |
| Suppliers | 440/4 | €17,005 | €18,250 | +€1,245 | +7.3% |
| Taxes, remuneration and social security | 45 | €22,933 | €13,187 | -€9,746 | -42.5% |
| Taxes | 450/3 | €21,433 | €11,687 | -€9,746 | -45.5% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Other amounts payable | 47/48 | €65,813 | €65,165 | -€649 | -1.0% |
| Accrued charges and deferred income | 492/3 | €42 | €1,147 | +€1,104 | +2,601% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €669 | €1,217 | +€548 | +82.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €34,179 | -€3,274 | -€37,454 | |
| Operating profit (loss) | 9901 | €33,123 | -€4,891 | -€38,014 | |
| Financial income | 75/76B | €509 | €352 | -€157 | -30.8% |
| Recurring financial income | 75 | €509 | €352 | -€157 | -30.8% |
| Financial charges | 65/66B | €380 | €303 | -€77 | -20.2% |
| Recurring financial charges | 65 | €380 | €303 | -€77 | -20.2% |
| Profit (loss) for the period before taxes | 9903 | €33,252 | -€4,842 | -€38,094 | |
| Income taxes | 67/77 | €10,226 | €349 | -€9,877 | -96.6% |
| Profit (loss) for the period | 9904 | €23,027 | -€5,191 | -€28,217 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,027 | -€5,191 | -€28,217 |
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 13 October 2026 via checked.be.