Esdacon: 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.
Esdacon
Largest movements
- Current investments -€361,477
down €361,477 (-14.7%), from €2.5m to €2.1m
- Cash +€204,265
up €204,265 (+421.3%), from €48,485 to €252,750
mainly Current investments (+€361,477) and Net result for the year (+€357,934)
- Receivables after one year -€77,786
down €77,786 (-100.0%), from €77,786 to €0
- Financial fixed assets +€77,125
up €77,125 (+7.8%), from €982,608 to €1.1m
- Reserves -€142,066
down €142,066 (-4.2%), from €3.3m to €3.2m
- Gross operating margin +€16,023
up €16,023 (+4.3%), from €375,157 to €391,180
- Taxes -€10,834
down €10,834 (-7.6%), from €143,367 to €132,533
- Financial charges +€9,550
up €9,550, from -€7,715 to €1,834
- Financial income +€9,430
up €9,430 (+10.1%), from €93,280 to €102,710
of which Financial income: +€19,583
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 | €3,645,767 | €3,506,471 | -€139,296 | -3.8% |
| Fixed assets | 21/28 | €982,608 | €1,059,733 | +€77,125 | +7.8% |
| Financial fixed assets | 28 | €982,608 | €1,059,733 | +€77,125 | +7.8% |
| Current assets | 29/58 | €2,663,159 | €2,446,738 | -€216,421 | -8.1% |
| Amounts receivable after more than one year | 29 | €77,786 | €0 | -€77,786 | -100.0% |
| Other amounts receivable | 291 | €77,786 | €0 | -€77,786 | -100.0% |
| Amounts receivable within one year | 40/41 | €75,124 | €86,117 | +€10,993 | +14.6% |
| Trade receivables | 40 | €58,770 | €68,696 | +€9,925 | +16.9% |
| Other amounts receivable | 41 | €16,354 | €17,421 | +€1,067 | +6.5% |
| Current investments | 50/53 | €2,459,686 | €2,098,209 | -€361,477 | -14.7% |
| Cash at bank and in hand | 54/58 | €48,485 | €252,750 | +€204,265 | +421.3% |
| Deferred charges and accrued income | 490/1 | €2,078 | €9,662 | +€7,585 | +365.0% |
| Total equity and liabilities | 10/49 | €3,645,767 | €3,506,471 | -€139,296 | -3.8% |
| Equity | 10/15 | €3,578,725 | €3,436,659 | -€142,066 | -4.0% |
| Contributions | 10/11 | €216,005 | €216,005 | = | 0.0% |
| Reserves | 13 | €3,344,843 | €3,202,777 | -€142,066 | -4.2% |
| Distributable reserves | 133 | €3,344,843 | €3,202,777 | -€142,066 | -4.2% |
| Profit (loss) carried forward | 14 | €17,876 | €17,876 | = | 0.0% |
| Amounts payable | 17/49 | €67,042 | €69,812 | +€2,770 | +4.1% |
| Amounts payable within one year | 42/48 | €67,004 | €69,812 | +€2,808 | +4.2% |
| Trade debts | 44 | €1,106 | €2,871 | +€1,765 | +159.7% |
| Suppliers | 440/4 | €1,106 | €2,871 | +€1,765 | +159.7% |
| Taxes, remuneration and social security | 45 | €65,898 | €66,941 | +€1,043 | +1.6% |
| Taxes | 450/3 | €65,898 | €66,941 | +€1,043 | +1.6% |
| Accrued charges and deferred income | 492/3 | €38 | €0 | -€38 | -100.0% |
| Other operating charges | 640/8 | €1,541 | €1,589 | +€48 | +3.1% |
| Gross operating margin | 9900 | €375,157 | €391,180 | +€16,023 | +4.3% |
| Operating profit (loss) | 9901 | €373,616 | €389,591 | +€15,975 | +4.3% |
| Financial income | 75/76B | €93,280 | €102,710 | +€9,430 | +10.1% |
| Recurring financial income | 75 | €83,127 | €102,710 | +€19,583 | +23.6% |
| Non-recurring financial income | 76B | €10,153 | €0 | -€10,153 | -100.0% |
| Financial charges | 65/66B | -€7,715 | €1,834 | +€9,550 | |
| Recurring financial charges | 65 | -€7,715 | €1,834 | +€9,550 | |
| Profit (loss) for the period before taxes | 9903 | €474,612 | €490,467 | +€15,855 | +3.3% |
| Income taxes | 67/77 | €143,367 | €132,533 | -€10,834 | -7.6% |
| Profit (loss) for the period | 9904 | €331,246 | €357,934 | +€26,688 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €331,246 | €357,934 | +€26,688 | +8.1% |
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 1 October 2026 via checked.be.