ESCO: 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.
ESCO
Largest movements
- Receivables within one year +€41,502
up €41,502 (+601%), from €6,911 to €48,413
of which Other amounts receivable: +€34,759
- Current investments -€28,862
down €28,862 (-57.8%), from €49,925 to €21,062
- Stocks and contracts -€6,715
no longer reported in 2025 (was €6,715)
- Tangible fixed assets -€2,495
down €2,495 (-21.7%), from €11,507 to €9,012
of which Land and buildings: -€2,253
- Cash -€2,436
down €2,436 (-28.1%), from €8,674 to €6,238
mainly Receivables within one year (-€41,502) and Other debts (-€21,434)
- Other debts -€21,434
no longer reported in 2025 (was €21,434)
- Profit (loss) carried forward +€20,793
up €20,793 (+38.4%), from €54,159 to €74,952
- Trade debts +€1,416
up €1,416 (+350%), from €404 to €1,820
- Financial income +€10,905
up €10,905 (+8,812%), from €124 to €11,028
- Gross operating margin -€8,828
down €8,828 (-34.4%), from €25,646 to €16,819
- Taxes -€937
down €937 (-21.8%), from €4,301 to €3,363
- Depreciation -€564
down €564 (-18.4%), from €3,058 to €2,495
- Other operating charges -€277
down €277 (-26.8%), from €1,035 to €757
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 | €84,997 | €86,024 | +€1,027 | +1.2% |
| Fixed assets | 21/28 | €11,507 | €9,012 | -€2,495 | -21.7% |
| Tangible fixed assets | 22/27 | €11,507 | €9,012 | -€2,495 | -21.7% |
| Land and buildings | 22 | €11,265 | €9,012 | -€2,253 | -20.0% |
| Plant, machinery and equipment | 23 | €242 | - | -€242 | |
| Current assets | 29/58 | €73,490 | €77,011 | +€3,521 | +4.8% |
| Stocks and contracts in progress | 3 | €6,715 | - | -€6,715 | |
| Contracts in progress | 37 | €6,715 | - | -€6,715 | |
| Amounts receivable within one year | 40/41 | €6,911 | €48,413 | +€41,502 | +601% |
| Trade receivables | 40 | €1,861 | €8,604 | +€6,743 | +362% |
| Other amounts receivable | 41 | €5,050 | €39,808 | +€34,759 | +688% |
| Current investments | 50/53 | €49,925 | €21,062 | -€28,862 | -57.8% |
| Cash at bank and in hand | 54/58 | €8,674 | €6,238 | -€2,436 | -28.1% |
| Deferred charges and accrued income | 490/1 | €1,265 | €1,298 | +€33 | +2.6% |
| Total equity and liabilities | 10/49 | €84,997 | €86,024 | +€1,027 | +1.2% |
| Equity | 10/15 | €56,159 | €76,952 | +€20,793 | +37.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54,159 | €74,952 | +€20,793 | +38.4% |
| Amounts payable | 17/49 | €28,838 | €9,071 | -€19,766 | -68.5% |
| Amounts payable within one year | 42/48 | €28,838 | €9,071 | -€19,766 | -68.5% |
| Current portion of amounts payable after more than one year | 42 | €7,000 | €7,000 | = | 0.0% |
| Trade debts | 44 | €404 | €1,820 | +€1,416 | +350% |
| Suppliers | 440/4 | €404 | €1,820 | +€1,416 | +350% |
| Taxes, remuneration and social security | 45 | - | €251 | +€251 | |
| Taxes | 450/3 | - | €251 | +€251 | |
| Other amounts payable | 47/48 | €21,434 | - | -€21,434 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,058 | €2,495 | -€564 | -18.4% |
| Other operating charges | 640/8 | €1,035 | €757 | -€277 | -26.8% |
| Gross operating margin | 9900 | €25,646 | €16,819 | -€8,828 | -34.4% |
| Operating profit (loss) | 9901 | €21,553 | €13,567 | -€7,987 | -37.1% |
| Financial income | 75/76B | €124 | €11,028 | +€10,905 | +8,812% |
| Recurring financial income | 75 | €124 | €11,028 | +€10,905 | +8,812% |
| Financial charges | 65/66B | €377 | €439 | +€62 | +16.3% |
| Recurring financial charges | 65 | €377 | €439 | +€62 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €21,300 | €24,157 | +€2,856 | +13.4% |
| Income taxes | 67/77 | €4,301 | €3,363 | -€937 | -21.8% |
| Profit (loss) for the period | 9904 | €16,999 | €20,793 | +€3,794 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €16,999 | €20,793 | +€3,794 | +22.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.