ESCAUT VALLEY: 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.
ESCAUT VALLEY
Largest movements
- Receivables within one year +€1.6m
up €1.6m (+1,338%), from €121,535 to €1.7m
of which Trade receivables: +€1.6m
- Cash -€98,190
down €98,190 (-53.1%), from €184,859 to €86,669
mainly Receivables within one year (-€1.6m) and Stocks and contracts (-€66,016)
- Stocks and contracts +€66,016
up €66,016 (+61.0%), from €108,228 to €174,244
- Tangible fixed assets +€29,357
up €29,357 (+127%), from €23,190 to €52,547
of which Other tangible fixed assets: +€23,742
- Trade debts +€1.5m
up €1.5m (+3,833%), from €40,385 to €1.6m
- Profit (loss) carried forward +€43,402
up €43,402 (+748%), from €5,801 to €49,203
- Debts after one year +€37,826
new in 2024: €37,826
- Other debts -€21,967
down €21,967 (-33.9%), from €64,800 to €42,833
- Gross operating margin +€54,716
up €54,716 (+74.2%), from €73,779 to €128,495
- Financial income +€44,305
up €44,305 (+1,663%), from €2,665 to €46,970
- Financial charges +€28,744
up €28,744 (+152%), from €18,919 to €47,663
- Staff costs +€14,430
up €14,430 (+30.8%), from €46,880 to €61,310
- Taxes +€13,146
up €13,146 (+653%), from €2,013 to €15,160
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €440,312 | €2,063,520 | +€1.6m | +369% |
| Fixed assets | 21/28 | €25,690 | €55,047 | +€29,357 | +114% |
| Tangible fixed assets | 22/27 | €23,190 | €52,547 | +€29,357 | +127% |
| Plant, machinery and equipment | 23 | €23,190 | €28,805 | +€5,615 | +24.2% |
| Other tangible fixed assets | 26 | - | €23,742 | +€23,742 | |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €414,622 | €2,008,473 | +€1.6m | +384% |
| Stocks and contracts in progress | 3 | €108,228 | €174,244 | +€66,016 | +61.0% |
| Stocks | 30/36 | €108,228 | €174,244 | +€66,016 | +61.0% |
| Amounts receivable within one year | 40/41 | €121,535 | €1,747,561 | +€1.6m | +1,338% |
| Trade receivables | 40 | €100,164 | €1,718,223 | +€1.6m | +1,615% |
| Other amounts receivable | 41 | €21,371 | €29,338 | +€7,968 | +37.3% |
| Cash at bank and in hand | 54/58 | €184,859 | €86,669 | -€98,190 | -53.1% |
| Total equity and liabilities | 10/49 | €440,312 | €2,063,520 | +€1.6m | +369% |
| Equity | 10/15 | €58,717 | €102,119 | +€43,402 | +73.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,316 | €34,316 | = | 0.0% |
| Distributable reserves | 133 | €34,316 | €34,316 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,801 | €49,203 | +€43,402 | +748% |
| Amounts payable | 17/49 | €381,595 | €1,961,402 | +€1.6m | +414% |
| Amounts payable after more than one year | 17 | - | €37,826 | +€37,826 | |
| Financial debts | 170/4 | - | €37,826 | +€37,826 | |
| Amounts payable within one year | 42/48 | €379,959 | €1,922,333 | +€1.5m | +406% |
| Current portion of amounts payable after more than one year | 42 | - | €12,559 | +€12,559 | |
| Financial debts | 43 | €250,000 | €250,000 | = | 0.0% |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Other loans | 439 | €250,000 | - | -€250,000 | |
| Trade debts | 44 | €40,385 | €1,588,459 | +€1.5m | +3,833% |
| Suppliers | 440/4 | €40,385 | €1,588,459 | +€1.5m | +3,833% |
| Advances received on contracts in progress | 46 | €8,608 | €8,608 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €16,166 | €19,873 | +€3,707 | +22.9% |
| Taxes | 450/3 | €14,222 | €5,959 | -€8,263 | -58.1% |
| Remuneration and social security | 454/9 | €1,944 | €13,914 | +€11,970 | +616% |
| Other amounts payable | 47/48 | €64,800 | €42,833 | -€21,967 | -33.9% |
| Accrued charges and deferred income | 492/3 | €1,636 | €1,243 | -€393 | -24.0% |
| Remuneration, social security and pensions | 62 | €46,880 | €61,310 | +€14,430 | +30.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,728 | €6,124 | +€1,396 | +29.5% |
| Other operating charges | 640/8 | €1,936 | €1,806 | -€130 | -6.7% |
| Gross operating margin | 9900 | €73,779 | €128,495 | +€54,716 | +74.2% |
| Operating profit (loss) | 9901 | €20,235 | €59,255 | +€39,020 | +193% |
| Financial income | 75/76B | €2,665 | €46,970 | +€44,305 | +1,663% |
| Recurring financial income | 75 | €2,665 | €46,970 | +€44,305 | +1,663% |
| Financial charges | 65/66B | €18,919 | €47,663 | +€28,744 | +152% |
| Recurring financial charges | 65 | €18,919 | €47,663 | +€28,744 | +152% |
| Profit (loss) for the period before taxes | 9903 | €3,981 | €58,561 | +€54,581 | +1,371% |
| Income taxes | 67/77 | €2,013 | €15,160 | +€13,146 | +653% |
| Profit (loss) for the period | 9904 | €1,967 | €43,402 | +€41,434 | +2,106% |
| Profit (loss) for the period to be appropriated | 9905 | €1,967 | €43,402 | +€41,434 | +2,106% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.