E.S.C.G.: 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.
E.S.C.G.
Largest movements
- Tangible fixed assets -€15,679
down €15,679 (-39.4%), from €39,779 to €24,100
of which Furniture and vehicles: -€16,123
- Stocks and contracts +€12,572
up €12,572 (+292%), from €4,302 to €16,874
of which Contracts in progress: +€14,320
- Cash +€8,682
up €8,682 (+4.3%), from €201,053 to €209,735
mainly Depreciation (+€16,869) and Net result for the year (+€8,241)
- Reserves +€8,200
up €8,200 (+5.6%), from €147,000 to €155,200
- Other debts +€6,426
up €6,426 (+10.7%), from €60,224 to €66,650
- Current portion of long-term debt -€6,370
no longer reported in 2025 (was €6,370)
- Gross operating margin -€40,111
down €40,111 (-53.4%), from €75,133 to €35,022
- Taxes -€14,272
down €14,272 (-79.1%), from €18,035 to €3,763
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 | €258,661 | €264,929 | +€6,268 | +2.4% |
| Fixed assets | 21/28 | €39,779 | €24,100 | -€15,679 | -39.4% |
| Tangible fixed assets | 22/27 | €39,779 | €24,100 | -€15,679 | -39.4% |
| Plant, machinery and equipment | 23 | €5,542 | €4,861 | -€681 | -12.3% |
| Furniture and vehicles | 24 | €34,237 | €18,114 | -€16,123 | -47.1% |
| Other tangible fixed assets | 26 | - | €1,125 | +€1,125 | |
| Current assets | 29/58 | €218,882 | €240,829 | +€21,947 | +10.0% |
| Stocks and contracts in progress | 3 | €4,302 | €16,874 | +€12,572 | +292% |
| Stocks | 30/36 | €2,622 | €874 | -€1,748 | -66.7% |
| Contracts in progress | 37 | €1,680 | €16,000 | +€14,320 | +852% |
| Amounts receivable within one year | 40/41 | €13,474 | €14,143 | +€669 | +5.0% |
| Trade receivables | 40 | €4,140 | - | -€4,140 | |
| Other amounts receivable | 41 | €9,334 | €14,143 | +€4,809 | +51.5% |
| Cash at bank and in hand | 54/58 | €201,053 | €209,735 | +€8,682 | +4.3% |
| Deferred charges and accrued income | 490/1 | €53 | €77 | +€24 | +45.3% |
| Total equity and liabilities | 10/49 | €258,661 | €264,929 | +€6,268 | +2.4% |
| Equity | 10/15 | €165,880 | €174,121 | +€8,241 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €147,000 | €155,200 | +€8,200 | +5.6% |
| Distributable reserves | 133 | €147,000 | €155,200 | +€8,200 | +5.6% |
| Profit (loss) carried forward | 14 | €280 | €321 | +€41 | +14.6% |
| Amounts payable | 17/49 | €92,781 | €90,808 | -€1,973 | -2.1% |
| Amounts payable within one year | 42/48 | €91,476 | €90,808 | -€668 | -0.7% |
| Current portion of amounts payable after more than one year | 42 | €6,370 | - | -€6,370 | |
| Trade debts | 44 | €6,288 | €5,111 | -€1,177 | -18.7% |
| Suppliers | 440/4 | €6,288 | €5,111 | -€1,177 | -18.7% |
| Advances received on contracts in progress | 46 | €276 | - | -€276 | |
| Taxes, remuneration and social security | 45 | €18,318 | €19,047 | +€729 | +4.0% |
| Taxes | 450/3 | €18,318 | €19,047 | +€729 | +4.0% |
| Other amounts payable | 47/48 | €60,224 | €66,650 | +€6,426 | +10.7% |
| Accrued charges and deferred income | 492/3 | €1,305 | - | -€1,305 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,371 | €16,869 | -€502 | -2.9% |
| Other operating charges | 640/8 | €1,153 | €1,695 | +€542 | +47.0% |
| Gross operating margin | 9900 | €75,133 | €35,022 | -€40,111 | -53.4% |
| Operating profit (loss) | 9901 | €56,609 | €16,458 | -€40,151 | -70.9% |
| Financial income | 75/76B | €188 | - | -€188 | |
| Recurring financial income | 75 | €188 | - | -€188 | |
| Financial charges | 65/66B | €4,859 | €4,454 | -€405 | -8.3% |
| Recurring financial charges | 65 | €4,859 | €4,454 | -€405 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €51,938 | €12,004 | -€39,934 | -76.9% |
| Income taxes | 67/77 | €18,035 | €3,763 | -€14,272 | -79.1% |
| Profit (loss) for the period | 9904 | €33,903 | €8,241 | -€25,662 | -75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,903 | €8,241 | -€25,662 | -75.7% |
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 20 October 2026 via checked.be.