ESOX: 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.
ESOX
Largest movements
- Receivables within one year +€5,176
up €5,176 (+80.6%), from €6,419 to €11,595
of which Trade receivables: +€5,026
- Cash +€3,951
up €3,951 (+39.5%), from €9,995 to €13,946
mainly Trade debts (+€5,956) and Net result for the year (+€3,349)
- Tangible fixed assets -€2,326
no longer reported in 2025 (was €2,326)
- Formation expenses -€755
down €755 (-50.0%), from €1,511 to €755
- Deferred charges and accrued income +€664
new in 2025: €664
- Trade debts +€5,956
up €5,956 (+1,392%), from €428 to €6,384
- Reserves +€3,349
up €3,349 (+69.0%), from €4,851 to €8,200
- Other debts -€1,955
down €1,955 (-49.3%), from €3,965 to €2,010
- Tax, wage and social debts -€640
down €640 (-12.8%), from €5,006 to €4,366
of which Taxes: -€670
- Gross operating margin -€3,386
down €3,386 (-35.9%), from €9,421 to €6,035
- Depreciation -€1,163
down €1,163 (-60.6%), from €1,918 to €755
- Taxes -€627
down €627 (-30.0%), from €2,093 to €1,466
- Other operating charges -€155
down €155 (-27.7%), from €559 to €405
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 | €20,250 | €26,960 | +€6,710 | +33.1% |
| Formation expenses | 20 | €1,511 | €755 | -€755 | -50.0% |
| Fixed assets | 21/28 | €2,326 | - | -€2,326 | |
| Tangible fixed assets | 22/27 | €2,326 | - | -€2,326 | |
| Furniture and vehicles | 24 | €2,326 | - | -€2,326 | |
| Current assets | 29/58 | €16,414 | €26,205 | +€9,791 | +59.7% |
| Amounts receivable within one year | 40/41 | €6,419 | €11,595 | +€5,176 | +80.6% |
| Trade receivables | 40 | €5,773 | €10,799 | +€5,026 | +87.1% |
| Other amounts receivable | 41 | €646 | €796 | +€149 | +23.1% |
| Cash at bank and in hand | 54/58 | €9,995 | €13,946 | +€3,951 | +39.5% |
| Deferred charges and accrued income | 490/1 | - | €664 | +€664 | |
| Total equity and liabilities | 10/49 | €20,250 | €26,960 | +€6,710 | +33.1% |
| Equity | 10/15 | €10,851 | €14,200 | +€3,349 | +30.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €4,851 | €8,200 | +€3,349 | +69.0% |
| Distributable reserves | 133 | €4,851 | €8,200 | +€3,349 | +69.0% |
| Amounts payable | 17/49 | €9,399 | €12,760 | +€3,361 | +35.8% |
| Amounts payable within one year | 42/48 | €9,399 | €12,760 | +€3,361 | +35.8% |
| Trade debts | 44 | €428 | €6,384 | +€5,956 | +1,392% |
| Suppliers | 440/4 | €428 | €6,384 | +€5,956 | +1,392% |
| Taxes, remuneration and social security | 45 | €5,006 | €4,366 | -€640 | -12.8% |
| Taxes | 450/3 | €1,206 | €536 | -€670 | -55.6% |
| Remuneration and social security | 454/9 | €3,800 | €3,830 | +€30 | +0.8% |
| Other amounts payable | 47/48 | €3,965 | €2,010 | -€1,955 | -49.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,918 | €755 | -€1,163 | -60.6% |
| Other operating charges | 640/8 | €559 | €405 | -€155 | -27.7% |
| Gross operating margin | 9900 | €9,421 | €6,035 | -€3,386 | -35.9% |
| Operating profit (loss) | 9901 | €6,943 | €4,875 | -€2,068 | -29.8% |
| Financial income | 75/76B | €1 | €1 | +€0 | +80.7% |
| Recurring financial income | 75 | €1 | €1 | +€0 | +80.7% |
| Financial charges | 65/66B | - | €62 | +€62 | |
| Recurring financial charges | 65 | - | €62 | +€62 | |
| Profit (loss) for the period before taxes | 9903 | €6,944 | €4,815 | -€2,129 | -30.7% |
| Income taxes | 67/77 | €2,093 | €1,466 | -€627 | -30.0% |
| Profit (loss) for the period | 9904 | €4,851 | €3,349 | -€1,502 | -31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,851 | €3,349 | -€1,502 | -31.0% |
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 24 October 2026 via checked.be.