ESCO: what changed
Two fiscal 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.
ESCO
Largest movements
- Tangible fixed assets +€127,055
up €127,055 (+69.6%), from €182,669 to €309,724
of which Plant, machinery and equipment: +€109,988
- Receivables within one year -€109,854
down €109,854 (-21.7%), from €507,175 to €397,321
of which Other amounts receivable: -€121,386
- Other debts -€45,255
no longer reported in 2025 (was €45,255)
- Trade debts +€39,456
up €39,456 (+174.8%), from €22,572 to €62,027
- Reserves +€19,500
up €19,500 (+5.5%), from €354,697 to €374,197
of which Distributable reserves: +€19,500
- Gross operating margin -€36,865
down €36,865 (-16.3%), from €226,564 to €189,699
- Write-downs -€26,787
down €26,787, from €14,429 to -€12,358
- Depreciation +€3,966
up €3,966 (+7.9%), from €50,213 to €54,179
- Staff costs -€3,198
down €3,198 (-3.5%), from €90,471 to €87,273
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.
Cash bridge derived
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 | €845,184 | €863,434 | +€18,250 | +2.2% |
| Fixed assets | 21/28 | €258,638 | €385,694 | +€127,055 | +49.1% |
| Tangible fixed assets | 22/27 | €182,669 | €309,724 | +€127,055 | +69.6% |
| Plant, machinery and equipment | 23 | €174,148 | €284,136 | +€109,988 | +63.2% |
| Furniture and vehicles | 24 | €8,521 | €10,588 | +€2,067 | +24.3% |
| Assets under construction and advance payments | 27 | - | €15,000 | +€15,000 | |
| Financial fixed assets | 28 | €75,970 | €75,970 | = | 0.0% |
| Current assets | 29/58 | €586,546 | €477,741 | -€108,805 | -18.6% |
| Amounts receivable within one year | 40/41 | €507,175 | €397,321 | -€109,854 | -21.7% |
| Trade receivables | 40 | €33,951 | €45,483 | +€11,532 | +34.0% |
| Other amounts receivable | 41 | €473,224 | €351,838 | -€121,386 | -25.7% |
| Cash at bank and in hand | 54/58 | €55,481 | €60,231 | +€4,750 | +8.6% |
| Deferred charges and accrued income | 490/1 | €23,890 | €20,189 | -€3,701 | -15.5% |
| Total equity and liabilities | 10/49 | €845,184 | €863,434 | +€18,250 | +2.2% |
| Equity | 10/15 | €751,592 | €771,339 | +€19,747 | +2.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €354,697 | €374,197 | +€19,500 | +5.5% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €348,500 | €368,000 | +€19,500 | +5.6% |
| Profit (loss) carried forward | 14 | €334,921 | €335,168 | +€247 | +0.1% |
| Amounts payable | 17/49 | €93,592 | €92,095 | -€1,497 | -1.6% |
| Amounts payable after more than one year | 17 | €1,800 | €900 | -€900 | -50.0% |
| Other amounts payable | 178/9 | €1,800 | €900 | -€900 | -50.0% |
| Amounts payable within one year | 42/48 | €91,328 | €90,592 | -€736 | -0.8% |
| Trade debts | 44 | €22,572 | €62,027 | +€39,456 | +174.8% |
| Suppliers | 440/4 | €22,572 | €62,027 | +€39,456 | +174.8% |
| Taxes, remuneration and social security | 45 | €23,502 | €28,565 | +€5,063 | +21.5% |
| Taxes | 450/3 | €10,328 | €16,241 | +€5,913 | +57.3% |
| Remuneration and social security | 454/9 | €13,174 | €12,324 | -€850 | -6.5% |
| Other amounts payable | 47/48 | €45,255 | - | -€45,255 | |
| Accrued charges and deferred income | 492/3 | €464 | €603 | +€139 | +29.9% |
| Non-recurring operating income | 76A | €60,000 | - | -€60,000 | |
| Remuneration, social security and pensions | 62 | €90,471 | €87,273 | -€3,198 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,213 | €54,179 | +€3,966 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,429 | -€12,358 | -€26,787 | |
| Other operating charges | 640/8 | €1,260 | €2,415 | +€1,155 | +91.7% |
| Non-recurring operating charges | 66A | €39,585 | €32,690 | -€6,895 | -17.4% |
| Gross operating margin | 9900 | €226,564 | €189,699 | -€36,865 | -16.3% |
| Operating profit (loss) | 9901 | €30,606 | €25,501 | -€5,105 | -16.7% |
| Financial income | 75/76B | €29 | €154 | +€125 | +431.6% |
| Recurring financial income | 75 | €29 | €154 | +€125 | +431.6% |
| Financial charges | 65/66B | €1,791 | €159 | -€1,632 | -91.1% |
| Recurring financial charges | 65 | €1,791 | €159 | -€1,632 | -91.1% |
| Profit (loss) for the period before taxes | 9903 | €28,845 | €25,497 | -€3,348 | -11.6% |
| Income taxes | 67/77 | €7,461 | €5,749 | -€1,711 | -22.9% |
| Profit (loss) for the period | 9904 | €21,384 | €19,747 | -€1,637 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €21,384 | €19,747 | -€1,637 | -7.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.