ESANCO: 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.
ESANCO
Largest movements
- Current investments -€48,160
down €48,160 (-31.9%), from €150,886 to €102,726
- Cash -€22,015
down €22,015 (-67.5%), from €32,613 to €10,597
mainly Debts after one year (-€76,392) and Contributions, distributions and other (-€19,173)
- Tangible fixed assets -€17,428
down €17,428 (-5.3%), from €326,374 to €308,947
of which Land and buildings: -€17,038
- Receivables within one year +€11,765
up €11,765 (+75.7%), from €15,540 to €27,305
- Debts after one year -€76,392
down €76,392 (-27.1%), from €281,809 to €205,417
- Reserves +€19,396
up €19,396 (+11.7%), from €165,905 to €185,301
- Tax, wage and social debts -€11,917
down €11,917 (-56.2%), from €21,211 to €9,294
- Other debts -€8,384
down €8,384 (-51.7%), from €16,223 to €7,840
- Gross operating margin -€17,372
down €17,372 (-17.1%), from €101,522 to €84,150
- Taxes -€6,015
down €6,015 (-24.4%), from €24,678 to €18,663
- Financial charges +€1,527
up €1,527 (+17.1%), from €8,932 to €10,459
- Financial income +€1,483
up €1,483 (+74.7%), from €1,984 to €3,466
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 | €525,413 | €449,575 | -€75,838 | -14.4% |
| Fixed assets | 21/28 | €326,374 | €308,947 | -€17,428 | -5.3% |
| Tangible fixed assets | 22/27 | €326,374 | €308,947 | -€17,428 | -5.3% |
| Land and buildings | 22 | €325,503 | €308,465 | -€17,038 | -5.2% |
| Plant, machinery and equipment | 23 | €871 | €482 | -€389 | -44.7% |
| Current assets | 29/58 | €199,039 | €140,629 | -€58,411 | -29.3% |
| Amounts receivable within one year | 40/41 | €15,540 | €27,305 | +€11,765 | +75.7% |
| Trade receivables | 40 | €15,540 | €27,305 | +€11,765 | +75.7% |
| Current investments | 50/53 | €150,886 | €102,726 | -€48,160 | -31.9% |
| Cash at bank and in hand | 54/58 | €32,613 | €10,597 | -€22,015 | -67.5% |
| Total equity and liabilities | 10/49 | €525,413 | €449,575 | -€75,838 | -14.4% |
| Equity | 10/15 | €167,505 | €186,901 | +€19,396 | +11.6% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | €165,905 | €185,301 | +€19,396 | +11.7% |
| Distributable reserves | 133 | €165,905 | €185,301 | +€19,396 | +11.7% |
| Amounts payable | 17/49 | €357,908 | €262,674 | -€95,234 | -26.6% |
| Amounts payable after more than one year | 17 | €281,809 | €205,417 | -€76,392 | -27.1% |
| Financial debts | 170/4 | €281,809 | €205,417 | -€76,392 | -27.1% |
| Amounts payable within one year | 42/48 | €76,099 | €57,257 | -€18,842 | -24.8% |
| Current portion of amounts payable after more than one year | 42 | €36,496 | €37,392 | +€896 | +2.5% |
| Trade debts | 44 | €2,168 | €2,732 | +€563 | +26.0% |
| Suppliers | 440/4 | €2,168 | €2,732 | +€563 | +26.0% |
| Taxes, remuneration and social security | 45 | €21,211 | €9,294 | -€11,917 | -56.2% |
| Taxes | 450/3 | €21,211 | €9,294 | -€11,917 | -56.2% |
| Other amounts payable | 47/48 | €16,223 | €7,840 | -€8,384 | -51.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,409 | €17,428 | +€19 | +0.1% |
| Other operating charges | 640/8 | €2,429 | €2,498 | +€69 | +2.8% |
| Gross operating margin | 9900 | €101,522 | €84,150 | -€17,372 | -17.1% |
| Operating profit (loss) | 9901 | €81,684 | €64,224 | -€17,460 | -21.4% |
| Financial income | 75/76B | €1,984 | €3,466 | +€1,483 | +74.7% |
| Recurring financial income | 75 | €1,984 | €3,466 | +€1,483 | +74.7% |
| Financial charges | 65/66B | €8,932 | €10,459 | +€1,527 | +17.1% |
| Recurring financial charges | 65 | €8,932 | €10,459 | +€1,527 | +17.1% |
| Profit (loss) for the period before taxes | 9903 | €74,736 | €57,232 | -€17,504 | -23.4% |
| Income taxes | 67/77 | €24,678 | €18,663 | -€6,015 | -24.4% |
| Profit (loss) for the period | 9904 | €50,057 | €38,569 | -€11,489 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,057 | €38,569 | -€11,489 | -23.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.