ESCOS: 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.
ESCOS
Largest movements
- Receivables within one year +€215,781
up €215,781 (+64.7%), from €333,622 to €549,402
of which Trade receivables: +€197,313
- Stocks and contracts +€68,403
up €68,403 (+231.5%), from €29,553 to €97,956
- Cash -€34,850
down €34,850 (-14.5%), from €240,743 to €205,893
mainly Receivables within one year (-€215,781) and Stocks and contracts (-€68,403)
- Deferred charges and accrued income +€21,236
up €21,236 (+106.3%), from €19,978 to €41,214
- Reserves +€160,169
up €160,169 (+89.2%), from €179,639 to €339,808
of which Tax-exempt reserves: +€96,830
- Tax, wage and social debts +€64,666
up €64,666 (+96.6%), from €66,908 to €131,573
of which Taxes: +€57,982
- Trade debts +€56,997
up €56,997 (+173.1%), from €32,935 to €89,933
- Other debts -€18,985
down €18,985 (-32.1%), from €59,188 to €40,203
- Gross operating margin +€158,914
up €158,914 (+42.8%), from €371,095 to €530,009
- Financial charges -€45,753
down €45,753 (-73.8%), from €61,988 to €16,235
- Taxes +€36,151
up €36,151 (+98.6%), from €36,663 to €72,814
- Other operating charges +€32,353
up €32,353 (+188.4%), from €17,169 to €49,522
- Staff costs +€11,236
up €11,236 (+6.7%), from €166,650 to €177,886
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 | €664,307 | €927,153 | +€262,847 | +39.6% |
| Fixed assets | 21/28 | €40,411 | €32,688 | -€7,723 | -19.1% |
| Intangible fixed assets | 21 | €5,879 | €2,512 | -€3,367 | -57.3% |
| Tangible fixed assets | 22/27 | €34,532 | €30,177 | -€4,355 | -12.6% |
| Furniture and vehicles | 24 | €15,392 | €14,124 | -€1,268 | -8.2% |
| Other tangible fixed assets | 26 | €19,140 | €16,053 | -€3,087 | -16.1% |
| Current assets | 29/58 | €623,895 | €894,465 | +€270,570 | +43.4% |
| Stocks and contracts in progress | 3 | €29,553 | €97,956 | +€68,403 | +231.5% |
| Stocks | 30/36 | €29,553 | €97,956 | +€68,403 | +231.5% |
| Amounts receivable within one year | 40/41 | €333,622 | €549,402 | +€215,781 | +64.7% |
| Trade receivables | 40 | €254,122 | €451,435 | +€197,313 | +77.6% |
| Other amounts receivable | 41 | €79,500 | €97,968 | +€18,468 | +23.2% |
| Cash at bank and in hand | 54/58 | €240,743 | €205,893 | -€34,850 | -14.5% |
| Deferred charges and accrued income | 490/1 | €19,978 | €41,214 | +€21,236 | +106.3% |
| Total equity and liabilities | 10/49 | €664,307 | €927,153 | +€262,847 | +39.6% |
| Equity | 10/15 | €305,276 | €465,445 | +€160,169 | +52.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €179,639 | €339,808 | +€160,169 | +89.2% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €96,830 | +€96,830 | |
| Distributable reserves | 133 | €169,639 | €232,978 | +€63,339 | +37.3% |
| Profit (loss) carried forward | 14 | €25,637 | €25,637 | = | 0.0% |
| Amounts payable | 17/49 | €359,031 | €461,709 | +€102,678 | +28.6% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Other amounts payable | 178/9 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €159,031 | €261,709 | +€102,678 | +64.6% |
| Trade debts | 44 | €32,935 | €89,933 | +€56,997 | +173.1% |
| Suppliers | 440/4 | €32,935 | €89,933 | +€56,997 | +173.1% |
| Taxes, remuneration and social security | 45 | €66,908 | €131,573 | +€64,666 | +96.6% |
| Taxes | 450/3 | €45,985 | €103,966 | +€57,982 | +126.1% |
| Remuneration and social security | 454/9 | €20,923 | €27,607 | +€6,684 | +31.9% |
| Other amounts payable | 47/48 | €59,188 | €40,203 | -€18,985 | -32.1% |
| Non-recurring operating income | 76A | - | €14,458 | +€14,458 | |
| Remuneration, social security and pensions | 62 | €166,650 | €177,886 | +€11,236 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,312 | €13,653 | +€1,341 | +10.9% |
| Other operating charges | 640/8 | €17,169 | €49,522 | +€32,353 | +188.4% |
| Non-recurring operating charges | 66A | €4,049 | €40,032 | +€35,983 | +888.6% |
| Gross operating margin | 9900 | €371,095 | €530,009 | +€158,914 | +42.8% |
| Operating profit (loss) | 9901 | €170,914 | €248,915 | +€78,001 | +45.6% |
| Financial income | 75/76B | €272 | €303 | +€30 | +11.1% |
| Recurring financial income | 75 | €272 | €303 | +€30 | +11.1% |
| Financial charges | 65/66B | €61,988 | €16,235 | -€45,753 | -73.8% |
| Recurring financial charges | 65 | €61,988 | €16,235 | -€45,753 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €109,199 | €232,983 | +€123,784 | +113.4% |
| Income taxes | 67/77 | €36,663 | €72,814 | +€36,151 | +98.6% |
| Profit (loss) for the period | 9904 | €72,536 | €160,169 | +€87,633 | +120.8% |
| Transfer to tax-exempt reserves | 689 | - | €96,830 | +€96,830 | |
| Profit (loss) for the period to be appropriated | 9905 | €72,536 | €63,339 | -€9,197 | -12.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.