eSDeC Communications: 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.
eSDeC Communications
Largest movements
- Cash -€28,372
down €28,372 (-21.7%), from €130,964 to €102,591
mainly Other debts (-€27,458) and Investment in fixed assets (net) (-€16,978)
- Receivables within one year -€14,143
down €14,143 (-45.5%), from €31,082 to €16,938
of which Trade receivables: -€17,563
- Intangible fixed assets +€7,750
new in 2025: €7,750
- Tangible fixed assets +€3,104
up €3,104 (+22.7%), from €13,681 to €16,786
of which Furniture and vehicles: +€1,568
- Other debts -€27,458
down €27,458 (-77.6%), from €35,379 to €7,921
- Tax, wage and social debts -€10,860
down €10,860 (-89.8%), from €12,100 to €1,240
of which Taxes: -€8,467
- Reserves +€7,578
up €7,578 (+6.9%), from €109,378 to €116,957
- Gross operating margin -€24,617
down €24,617 (-56.2%), from €43,772 to €19,155
- Taxes -€7,688
down €7,688 (-71.3%), from €10,777 to €3,088
- Depreciation +€3,039
up €3,039 (+98.5%), from €3,084 to €6,123
- Other operating charges +€828
up €828 (+589.2%), from €141 to €968
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 | €176,250 | €144,561 | -€31,688 | -18.0% |
| Fixed assets | 21/28 | €13,681 | €24,536 | +€10,854 | +79.3% |
| Intangible fixed assets | 21 | - | €7,750 | +€7,750 | |
| Tangible fixed assets | 22/27 | €13,681 | €16,786 | +€3,104 | +22.7% |
| Plant, machinery and equipment | 23 | €11,398 | €12,934 | +€1,537 | +13.5% |
| Furniture and vehicles | 24 | €2,284 | €3,851 | +€1,568 | +68.6% |
| Current assets | 29/58 | €162,568 | €120,026 | -€42,543 | -26.2% |
| Amounts receivable within one year | 40/41 | €31,082 | €16,938 | -€14,143 | -45.5% |
| Trade receivables | 40 | €27,590 | €10,027 | -€17,563 | -63.7% |
| Other amounts receivable | 41 | €3,492 | €6,912 | +€3,420 | +97.9% |
| Cash at bank and in hand | 54/58 | €130,964 | €102,591 | -€28,372 | -21.7% |
| Deferred charges and accrued income | 490/1 | €523 | €496 | -€27 | -5.1% |
| Total equity and liabilities | 10/49 | €176,250 | €144,561 | -€31,688 | -18.0% |
| Equity | 10/15 | €121,778 | €129,357 | +€7,578 | +6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €109,378 | €116,957 | +€7,578 | +6.9% |
| Distributable reserves | 133 | €109,378 | €116,957 | +€7,578 | +6.9% |
| Amounts payable | 17/49 | €54,471 | €15,205 | -€39,267 | -72.1% |
| Amounts payable within one year | 42/48 | €54,471 | €15,205 | -€39,267 | -72.1% |
| Trade debts | 44 | €6,992 | €6,043 | -€948 | -13.6% |
| Suppliers | 440/4 | €6,992 | €6,043 | -€948 | -13.6% |
| Taxes, remuneration and social security | 45 | €12,100 | €1,240 | -€10,860 | -89.8% |
| Taxes | 450/3 | €9,707 | €1,240 | -€8,467 | -87.2% |
| Remuneration and social security | 454/9 | €2,393 | - | -€2,393 | |
| Other amounts payable | 47/48 | €35,379 | €7,921 | -€27,458 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,084 | €6,123 | +€3,039 | +98.5% |
| Other operating charges | 640/8 | €141 | €968 | +€828 | +589.2% |
| Gross operating margin | 9900 | €43,772 | €19,155 | -€24,617 | -56.2% |
| Operating profit (loss) | 9901 | €40,547 | €12,064 | -€28,484 | -70.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,670 | €1,397 | -€273 | -16.3% |
| Recurring financial charges | 65 | €1,670 | €1,397 | -€273 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €38,878 | €10,667 | -€28,211 | -72.6% |
| Income taxes | 67/77 | €10,777 | €3,088 | -€7,688 | -71.3% |
| Profit (loss) for the period | 9904 | €28,101 | €7,578 | -€20,522 | -73.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,101 | €7,578 | -€20,522 | -73.0% |
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 7 October 2026 via checked.be.