ESDACO: 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.
ESDACO
Largest movements
- Current investments -€58,222
down €58,222 (-12.3%), from €473,779 to €415,556
- Cash -€25,098
down €25,098 (-8.0%), from €312,975 to €287,877
mainly Other debts (-€130,735) and Receivables within one year (-€19,938)
- Receivables within one year +€19,938
up €19,938 (+22.0%), from €90,575 to €110,513
of which Trade receivables: +€12,799
- Tangible fixed assets -€18,951
down €18,951 (-39.1%), from €48,437 to €29,486
of which Land and buildings: -€12,640
- Other debts -€130,735
down €130,735 (-46.4%), from €281,765 to €151,029
- Reserves +€67,139
up €67,139 (+11.7%), from €571,888 to €639,027
- Gross operating margin -€63,470
down €63,470 (-36.7%), from €172,720 to €109,250
- Taxes -€14,795
down €14,795 (-43.0%), from €34,369 to €19,575
- Financial income -€2,062
down €2,062 (-36.0%), from €5,731 to €3,669
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 | €926,418 | €843,432 | -€82,985 | -9.0% |
| Fixed assets | 21/28 | €48,437 | €29,486 | -€18,951 | -39.1% |
| Tangible fixed assets | 22/27 | €48,437 | €29,486 | -€18,951 | -39.1% |
| Land and buildings | 22 | €26,056 | €13,417 | -€12,640 | -48.5% |
| Plant, machinery and equipment | 23 | €7,569 | €8,153 | +€585 | +7.7% |
| Furniture and vehicles | 24 | €14,812 | €7,916 | -€6,896 | -46.6% |
| Current assets | 29/58 | €877,981 | €813,947 | -€64,034 | -7.3% |
| Amounts receivable within one year | 40/41 | €90,575 | €110,513 | +€19,938 | +22.0% |
| Trade receivables | 40 | €90,575 | €103,374 | +€12,799 | +14.1% |
| Other amounts receivable | 41 | - | €7,139 | +€7,139 | |
| Current investments | 50/53 | €473,779 | €415,556 | -€58,222 | -12.3% |
| Cash at bank and in hand | 54/58 | €312,975 | €287,877 | -€25,098 | -8.0% |
| Deferred charges and accrued income | 490/1 | €652 | - | -€652 | |
| Total equity and liabilities | 10/49 | €926,418 | €843,432 | -€82,985 | -9.0% |
| Equity | 10/15 | €594,704 | €661,843 | +€67,139 | +11.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €571,888 | €639,027 | +€67,139 | +11.7% |
| Distributable reserves | 133 | €571,888 | €639,027 | +€67,139 | +11.7% |
| Profit (loss) carried forward | 14 | €2,816 | €2,816 | = | 0.0% |
| Amounts payable | 17/49 | €331,713 | €181,589 | -€150,124 | -45.3% |
| Amounts payable after more than one year | 17 | €6,711 | - | -€6,711 | |
| Financial debts | 170/4 | €6,711 | - | -€6,711 | |
| Amounts payable within one year | 42/48 | €325,002 | €181,589 | -€143,413 | -44.1% |
| Current portion of amounts payable after more than one year | 42 | €13,795 | €6,711 | -€7,084 | -51.3% |
| Trade debts | 44 | €1,132 | €4,038 | +€2,907 | +256.8% |
| Suppliers | 440/4 | €1,132 | €4,038 | +€2,907 | +256.8% |
| Taxes, remuneration and social security | 45 | €28,310 | €19,810 | -€8,501 | -30.0% |
| Taxes | 450/3 | €28,310 | €19,810 | -€8,501 | -30.0% |
| Other amounts payable | 47/48 | €281,765 | €151,029 | -€130,735 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,723 | €23,141 | +€418 | +1.8% |
| Other operating charges | 640/8 | €3,664 | €2,544 | -€1,119 | -30.5% |
| Gross operating margin | 9900 | €172,720 | €109,250 | -€63,470 | -36.7% |
| Operating profit (loss) | 9901 | €146,333 | €83,564 | -€62,769 | -42.9% |
| Financial income | 75/76B | €5,731 | €3,669 | -€2,062 | -36.0% |
| Recurring financial income | 75 | €5,731 | €3,669 | -€2,062 | -36.0% |
| Financial charges | 65/66B | €1,246 | €520 | -€726 | -58.3% |
| Recurring financial charges | 65 | €1,246 | €520 | -€726 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €150,819 | €86,714 | -€64,105 | -42.5% |
| Income taxes | 67/77 | €34,369 | €19,575 | -€14,795 | -43.0% |
| Profit (loss) for the period | 9904 | €116,449 | €67,139 | -€49,310 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €116,449 | €67,139 | -€49,310 | -42.3% |
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 29 September 2026 via checked.be.