E.S.C.-IMMO: 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.
What changed
E.S.C.-IMMO
NACE 64.210, Activities of holding companies
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
-€17,070
2025 · €515,026-€532,096
Equity
€797,657
2025 · €814,727-€17,070
Cash
€40,926
2025 · €48,949-€8,022
Balance sheet total
€988,166
2025 · €1.0m-€40,532
Largest movements
Assets
- Current investments -€25,000
down €25,000 (-3.7%), from €675,000 to €650,000
- Tangible fixed assets -€12,448
down €12,448 (-4.2%), from €299,374 to €286,925
Equity and liabilities
- Other debts -€19,529
down €19,529 (-100%), from €19,529 to €0
- Reserves -€15,627
down €15,627 (-1.9%), from €809,672 to €794,045
of which Distributable reserves: -€15,627
Income statement
- Gross operating margin -€731,522
down €731,522, from €717,980 to -€13,542
- Financial income +€9,542
up €9,542 (+316%), from €3,019 to €12,561
From the 2025 result to the 2026 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.
Result 2025
€515,026
Gross operating margin
-€731,522
Depreciation
+€253
Other operating charges
+€2,123
Financial income
+€9,542
Financial charges
+€3,439
Deferred taxes and other
+€184,069
Result 2026
-€17,070
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€33,022
Investment
+€25,000
Financing
€0
Cash 2025
€48,949
From operations (derived)
-€33,022
Net result for the year
-€17,070
Depreciation
+€12,448
Receivables within one year
-€4,903
Deferred charges and accrued income
-€36
Trade debts
+€275
Tax, wage and social debts
+€223
Other debts
-€19,529
Accrued charges and deferred income
-€4,431
Investment (derived)
+€25,000
Current investments
+€25,000
Cash 2026
€40,926
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,028,698 | €988,166 | -€40,532 | -3.9% |
| Fixed assets | 21/28 | €299,374 | €286,925 | -€12,448 | -4.2% |
| Tangible fixed assets | 22/27 | €299,374 | €286,925 | -€12,448 | -4.2% |
| Land and buildings | 22 | €299,374 | €286,925 | -€12,448 | -4.2% |
| Current assets | 29/58 | €729,324 | €701,240 | -€28,084 | -3.9% |
| Amounts receivable within one year | 40/41 | €3,925 | €8,827 | +€4,903 | +125% |
| Trade receivables | 40 | €3,019 | €1,322 | -€1,697 | -56.2% |
| Other amounts receivable | 41 | €906 | €7,505 | +€6,600 | +729% |
| Current investments | 50/53 | €675,000 | €650,000 | -€25,000 | -3.7% |
| Cash at bank and in hand | 54/58 | €48,949 | €40,926 | -€8,022 | -16.4% |
| Deferred charges and accrued income | 490/1 | €1,451 | €1,487 | +€36 | +2.5% |
| Total equity and liabilities | 10/49 | €1,028,698 | €988,166 | -€40,532 | -3.9% |
| Equity | 10/15 | €814,727 | €797,657 | -€17,070 | -2.1% |
| Contributions | 10/11 | €3,612 | €3,612 | = | 0.0% |
| Reserves | 13 | €809,672 | €794,045 | -€15,627 | -1.9% |
| Tax-exempt reserves | 132 | €564,428 | €564,428 | = | 0.0% |
| Distributable reserves | 133 | €245,244 | €229,616 | -€15,627 | -6.4% |
| Profit (loss) carried forward | 14 | €1,443 | €0 | -€1,443 | -100% |
| Provisions and deferred taxes | 16 | €184,069 | €184,069 | = | 0.0% |
| Deferred taxes | 168 | €184,069 | €184,069 | = | 0.0% |
| Amounts payable | 17/49 | €29,902 | €6,440 | -€23,462 | -78.5% |
| Amounts payable within one year | 42/48 | €24,560 | €5,529 | -€19,031 | -77.5% |
| Trade debts | 44 | €4,977 | €5,252 | +€275 | +5.5% |
| Suppliers | 440/4 | €4,977 | €5,252 | +€275 | +5.5% |
| Taxes, remuneration and social security | 45 | €53 | €276 | +€223 | +422% |
| Taxes | 450/3 | €53 | €276 | +€223 | +422% |
| Other amounts payable | 47/48 | €19,529 | €0 | -€19,529 | -100% |
| Accrued charges and deferred income | 492/3 | €5,343 | €912 | -€4,431 | -82.9% |
| Non-recurring operating income | 76A | €767,129 | €0 | -€767,129 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,702 | €12,448 | -€253 | -2.0% |
| Other operating charges | 640/8 | €4,529 | €2,406 | -€2,123 | -46.9% |
| Gross operating margin | 9900 | €717,980 | -€13,542 | -€731,522 | |
| Operating profit (loss) | 9901 | €700,749 | -€28,397 | -€729,146 | |
| Financial income | 75/76B | €3,019 | €12,561 | +€9,542 | +316% |
| Recurring financial income | 75 | €3,019 | €12,561 | +€9,542 | +316% |
| Financial charges | 65/66B | €4,673 | €1,234 | -€3,439 | -73.6% |
| Recurring financial charges | 65 | €4,673 | €1,234 | -€3,439 | -73.6% |
| Profit (loss) for the period before taxes | 9903 | €699,095 | -€17,070 | -€716,165 | |
| Transfer to deferred taxes | 680 | €184,069 | €0 | -€184,069 | -100% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €515,026 | -€17,070 | -€532,096 | |
| Transfer from tax-exempt reserves | 789 | €35,201 | €0 | -€35,201 | -100% |
| Transfer to tax-exempt reserves | 689 | €552,206 | €0 | -€552,206 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,978 | -€17,070 | -€15,092 | -763% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.