ESCH INVEST: what changed
ESCH INVEST
Largest movements
- Receivables after one year +€188,744
up €188,744 (+93.6%), from €201,669 to €390,413
- Receivables within one year -€169,853
down €169,853 (-82.4%), from €206,051 to €36,198
of which Trade receivables: -€169,843
- Cash -€15,223
down €15,223 (-62.5%), from €24,363 to €9,140
mainly Receivables after one year (-€188,744) and Debts after one year (-€38,831)
- Profit (loss) carried forward +€39,486
up €39,486 (+17.1%), from €230,842 to €270,328
- Debts after one year -€38,831
down €38,831 (-7.5%), from €516,373 to €477,542
- Other debts +€38,441
up €38,441 (+16.4%), from €234,528 to €272,969
- Tax, wage and social debts -€37,095
down €37,095 (-57.8%), from €64,221 to €27,126
- Short-term financial debts -€25,000
down €25,000 (-100%), from €25,000 to €0
- Gross operating margin -€29,825
down €29,825 (-19.5%), from €152,643 to €122,818
- Financial charges +€10,322
up €10,322 (+50.9%), from €20,258 to €30,580
- Taxes -€8,095
down €8,095 (-40.2%), from €20,135 to €12,040
- Financial income +€5,047
up €5,047 (+1,009,402%), from €1 to €5,048
- Depreciation +€3,152
up €3,152 (+7.8%), from €40,299 to €43,451
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,203,308 | €1,201,534 | -€1,774 | -0.1% |
| Fixed assets | 21/28 | €771,225 | €763,180 | -€8,045 | -1.0% |
| Tangible fixed assets | 22/27 | €563,225 | €554,680 | -€8,545 | -1.5% |
| Land and buildings | 22 | €385,006 | €368,393 | -€16,613 | -4.3% |
| Plant, machinery and equipment | 23 | €178,220 | €186,287 | +€8,068 | +4.5% |
| Financial fixed assets | 28 | €208,000 | €208,500 | +€500 | +0.2% |
| Current assets | 29/58 | €432,083 | €438,354 | +€6,271 | +1.5% |
| Amounts receivable after more than one year | 29 | €201,669 | €390,413 | +€188,744 | +93.6% |
| Other amounts receivable | 291 | €201,669 | €390,413 | +€188,744 | +93.6% |
| Amounts receivable within one year | 40/41 | €206,051 | €36,198 | -€169,853 | -82.4% |
| Trade receivables | 40 | €201,173 | €31,330 | -€169,843 | -84.4% |
| Other amounts receivable | 41 | €4,878 | €4,868 | -€10 | -0.2% |
| Cash at bank and in hand | 54/58 | €24,363 | €9,140 | -€15,223 | -62.5% |
| Deferred charges and accrued income | 490/1 | - | €2,603 | +€2,603 | |
| Total equity and liabilities | 10/49 | €1,203,308 | €1,201,534 | -€1,774 | -0.1% |
| Equity | 10/15 | €298,342 | €337,828 | +€39,486 | +13.2% |
| Contributions | 10/11 | €67,500 | €67,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,842 | €270,328 | +€39,486 | +17.1% |
| Amounts payable | 17/49 | €904,966 | €863,706 | -€41,260 | -4.6% |
| Amounts payable after more than one year | 17 | €516,373 | €477,542 | -€38,831 | -7.5% |
| Financial debts | 170/4 | €516,373 | €477,542 | -€38,831 | -7.5% |
| Amounts payable within one year | 42/48 | €381,869 | €369,651 | -€12,218 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €40,857 | €42,018 | +€1,161 | +2.8% |
| Financial debts | 43 | €25,000 | €0 | -€25,000 | -100% |
| Credit institutions | 430/8 | €25,000 | €0 | -€25,000 | -100% |
| Trade debts | 44 | €17,263 | €27,538 | +€10,275 | +59.5% |
| Suppliers | 440/4 | €17,263 | €27,538 | +€10,275 | +59.5% |
| Taxes, remuneration and social security | 45 | €64,221 | €27,126 | -€37,095 | -57.8% |
| Taxes | 450/3 | €64,221 | €27,126 | -€37,095 | -57.8% |
| Other amounts payable | 47/48 | €234,528 | €272,969 | +€38,441 | +16.4% |
| Accrued charges and deferred income | 492/3 | €6,724 | €16,513 | +€9,789 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,299 | €43,451 | +€3,152 | +7.8% |
| Other operating charges | 640/8 | €2,633 | €2,310 | -€323 | -12.3% |
| Gross operating margin | 9900 | €152,643 | €122,818 | -€29,825 | -19.5% |
| Operating profit (loss) | 9901 | €109,712 | €77,058 | -€32,654 | -29.8% |
| Financial income | 75/76B | €1 | €5,048 | +€5,047 | +1,009,402% |
| Recurring financial income | 75 | €1 | €5,048 | +€5,047 | +1,009,402% |
| Financial charges | 65/66B | €20,258 | €30,580 | +€10,322 | +50.9% |
| Recurring financial charges | 65 | €20,258 | €30,580 | +€10,322 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | €89,454 | €51,526 | -€37,929 | -42.4% |
| Income taxes | 67/77 | €20,135 | €12,040 | -€8,095 | -40.2% |
| Profit (loss) for the period | 9904 | €69,319 | €39,486 | -€29,834 | -43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €69,319 | €39,486 | -€29,834 | -43.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.