ESESCO: 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.
ESESCO
Largest movements
- Receivables within one year +€30,460
up €30,460 (+197%), from €15,432 to €45,892
of which Trade receivables: +€30,214
- Tangible fixed assets -€15,864
down €15,864 (-78.3%), from €20,270 to €4,406
- Cash -€2,143
down €2,143 (-36.5%), from €5,877 to €3,734
mainly Receivables within one year (-€30,460) and Trade debts (-€10,163)
- Deferred charges and accrued income +€1,367
up €1,367 (+1,796%), from €76 to €1,443
- Profit (loss) carried forward +€16,568
up €16,568 (+430%), from €3,850 to €20,418
- Trade debts -€10,163
down €10,163 (-84.1%), from €12,086 to €1,923
- Tax, wage and social debts +€3,778
up €3,778 (+30.3%), from €12,452 to €16,230
- Other debts +€3,637
up €3,637 (+101%), from €3,616 to €7,253
- Gross operating margin -€6,533
down €6,533 (-15.6%), from €41,967 to €35,434
- Taxes -€1,267
down €1,267 (-16.5%), from €7,680 to €6,413
- Other operating charges -€1,266
down €1,266 (-11.4%), from €11,088 to €9,822
- Depreciation -€1,027
down €1,027 (-29.9%), from €3,430 to €2,403
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 | €52,464 | €66,285 | +€13,821 | +26.3% |
| Fixed assets | 21/28 | €31,078 | €15,215 | -€15,864 | -51.0% |
| Tangible fixed assets | 22/27 | €20,270 | €4,406 | -€15,864 | -78.3% |
| Furniture and vehicles | 24 | €20,270 | €4,406 | -€15,864 | -78.3% |
| Financial fixed assets | 28 | €10,809 | €10,809 | = | 0.0% |
| Current assets | 29/58 | €21,385 | €51,070 | +€29,685 | +139% |
| Amounts receivable within one year | 40/41 | €15,432 | €45,892 | +€30,460 | +197% |
| Trade receivables | 40 | €15,432 | €45,646 | +€30,214 | +196% |
| Other amounts receivable | 41 | - | €247 | +€247 | |
| Cash at bank and in hand | 54/58 | €5,877 | €3,734 | -€2,143 | -36.5% |
| Deferred charges and accrued income | 490/1 | €76 | €1,443 | +€1,367 | +1,796% |
| Total equity and liabilities | 10/49 | €52,464 | €66,285 | +€13,821 | +26.3% |
| Equity | 10/15 | €24,310 | €40,878 | +€16,568 | +68.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,850 | €20,418 | +€16,568 | +430% |
| Amounts payable | 17/49 | €28,154 | €25,407 | -€2,747 | -9.8% |
| Amounts payable within one year | 42/48 | €28,154 | €25,407 | -€2,747 | -9.8% |
| Trade debts | 44 | €12,086 | €1,923 | -€10,163 | -84.1% |
| Suppliers | 440/4 | €12,086 | €1,923 | -€10,163 | -84.1% |
| Taxes, remuneration and social security | 45 | €12,452 | €16,230 | +€3,778 | +30.3% |
| Taxes | 450/3 | €12,452 | €16,230 | +€3,778 | +30.3% |
| Other amounts payable | 47/48 | €3,616 | €7,253 | +€3,637 | +101% |
| Non-recurring operating income | 76A | €6,349 | - | -€6,349 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,430 | €2,403 | -€1,027 | -29.9% |
| Other operating charges | 640/8 | €11,088 | €9,822 | -€1,266 | -11.4% |
| Gross operating margin | 9900 | €41,967 | €35,434 | -€6,533 | -15.6% |
| Operating profit (loss) | 9901 | €27,449 | €23,209 | -€4,240 | -15.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €277 | €227 | -€50 | -17.9% |
| Recurring financial charges | 65 | €277 | €227 | -€50 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €27,172 | €22,982 | -€4,190 | -15.4% |
| Income taxes | 67/77 | €7,680 | €6,413 | -€1,267 | -16.5% |
| Profit (loss) for the period | 9904 | €19,492 | €16,568 | -€2,923 | -15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €19,492 | €16,568 | -€2,923 | -15.0% |
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 16 October 2026 via checked.be.