ESC Belgium: 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.
ESC Belgium
Largest movements
- Tangible fixed assets -€77,192
down €77,192 (-48.5%), from €159,009 to €81,818
of which Furniture and vehicles: -€57,360
- Stocks and contracts -€69,580
no longer reported in 2025 (was €69,580)
- Receivables within one year -€57,836
down €57,836 (-49.2%), from €117,510 to €59,674
of which Trade receivables: -€58,005
- Cash -€12,135
down €12,135 (-66.8%), from €18,152 to €6,018
mainly Other debts (-€233,902) and Tax, wage and social debts (-€34,633)
- Financial fixed assets -€5,549
no longer reported in 2025 (was €5,549)
- Other debts -€233,902
down €233,902 (-71.7%), from €326,448 to €92,546
- Profit (loss) carried forward +€41,281
up €41,281 (+52.4%), from -€78,846 to -€37,565
- Tax, wage and social debts -€34,633
down €34,633 (-85.2%), from €40,628 to €5,995
of which Taxes: -€31,768
- Trade debts +€25,918
up €25,918 (+3,576%), from €725 to €26,643
- Debts after one year -€20,692
down €20,692 (-49.0%), from €42,193 to €21,501
- Gross operating margin +€35,229
up €35,229 (+26.0%), from €135,309 to €170,538
- Depreciation -€27,373
down €27,373 (-38.3%), from €71,484 to €44,111
- Staff costs -€23,464
down €23,464 (-31.6%), from €74,319 to €50,855
- Financial charges -€16,679
down €16,679 (-75.4%), from €22,128 to €5,449
- Financial income -€14,714
no longer reported in 2025 (was €14,714)
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 | €374,274 | €153,140 | -€221,133 | -59.1% |
| Fixed assets | 21/28 | €164,558 | €81,818 | -€82,740 | -50.3% |
| Tangible fixed assets | 22/27 | €159,009 | €81,818 | -€77,192 | -48.5% |
| Land and buildings | 22 | €34,766 | €17,383 | -€17,383 | -50.0% |
| Plant, machinery and equipment | 23 | €3,877 | €1,428 | -€2,449 | -63.2% |
| Furniture and vehicles | 24 | €120,366 | €63,007 | -€57,360 | -47.7% |
| Financial fixed assets | 28 | €5,549 | - | -€5,549 | |
| Current assets | 29/58 | €209,716 | €71,323 | -€138,393 | -66.0% |
| Stocks and contracts in progress | 3 | €69,580 | - | -€69,580 | |
| Stocks | 30/36 | €69,580 | - | -€69,580 | |
| Amounts receivable within one year | 40/41 | €117,510 | €59,674 | -€57,836 | -49.2% |
| Trade receivables | 40 | €115,021 | €57,016 | -€58,005 | -50.4% |
| Other amounts receivable | 41 | €2,489 | €2,658 | +€169 | +6.8% |
| Cash at bank and in hand | 54/58 | €18,152 | €6,018 | -€12,135 | -66.8% |
| Deferred charges and accrued income | 490/1 | €4,474 | €5,631 | +€1,158 | +25.9% |
| Total equity and liabilities | 10/49 | €374,274 | €153,140 | -€221,133 | -59.1% |
| Equity | 10/15 | -€55,635 | -€14,354 | +€41,281 | +74.2% |
| Contributions | 10/11 | €21,096 | €21,096 | = | 0.0% |
| Reserves | 13 | €2,116 | €2,116 | = | 0.0% |
| Distributable reserves | 133 | €2,116 | €2,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,846 | -€37,565 | +€41,281 | +52.4% |
| Amounts payable | 17/49 | €429,908 | €167,494 | -€262,414 | -61.0% |
| Amounts payable after more than one year | 17 | €42,193 | €21,501 | -€20,692 | -49.0% |
| Financial debts | 170/4 | €42,193 | €21,501 | -€20,692 | -49.0% |
| Amounts payable within one year | 42/48 | €387,715 | €145,915 | -€241,799 | -62.4% |
| Current portion of amounts payable after more than one year | 42 | €19,914 | €20,732 | +€818 | +4.1% |
| Trade debts | 44 | €725 | €26,643 | +€25,918 | +3,576% |
| Suppliers | 440/4 | €725 | €26,643 | +€25,918 | +3,576% |
| Taxes, remuneration and social security | 45 | €40,628 | €5,995 | -€34,633 | -85.2% |
| Taxes | 450/3 | €33,758 | €1,990 | -€31,768 | -94.1% |
| Remuneration and social security | 454/9 | €6,870 | €4,005 | -€2,865 | -41.7% |
| Other amounts payable | 47/48 | €326,448 | €92,546 | -€233,902 | -71.7% |
| Accrued charges and deferred income | 492/3 | - | €78 | +€78 | |
| Non-recurring operating income | 76A | €5,807 | €86,482 | +€80,675 | +1,389% |
| Remuneration, social security and pensions | 62 | €74,319 | €50,855 | -€23,464 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,484 | €44,111 | -€27,373 | -38.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,024 | - | +€6,024 | |
| Other operating charges | 640/8 | €4,106 | €15,622 | +€11,516 | +280% |
| Non-recurring operating charges | 66A | €60,350 | €359 | -€59,992 | -99.4% |
| Gross operating margin | 9900 | €135,309 | €170,538 | +€35,229 | +26.0% |
| Operating profit (loss) | 9901 | -€68,926 | €59,592 | +€128,518 | |
| Financial income | 75/76B | €14,714 | - | -€14,714 | |
| Recurring financial income | 75 | €14,714 | - | -€14,714 | |
| Financial charges | 65/66B | €22,128 | €5,449 | -€16,679 | -75.4% |
| Recurring financial charges | 65 | €22,128 | €5,449 | -€16,679 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | -€76,340 | €54,143 | +€130,483 | |
| Income taxes | 67/77 | €321 | €12,862 | +€12,540 | +3,901% |
| Profit (loss) for the period | 9904 | -€76,662 | €41,281 | +€117,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€76,662 | €41,281 | +€117,943 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.