ESISZKO: 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.
ESISZKO
Largest movements
- Stocks and contracts +€20,405
up €20,405 (+52.3%), from €39,017 to €59,421
- Deferred charges and accrued income +€17,007
up €17,007 (+850%), from €2,000 to €19,007
- Tangible fixed assets +€16,248
up €16,248 (+67.6%), from €24,037 to €40,286
of which Leasing and similar rights: +€15,451
- Receivables within one year +€14,427
up €14,427 (+33.7%), from €42,871 to €57,299
of which Other amounts receivable: +€8,472
- Cash +€10,009
up €10,009 (+45.3%), from €22,103 to €32,112
mainly Net result for the year (+€52,220) and Depreciation (+€21,825)
- Profit (loss) carried forward +€51,387
up €51,387 (+54.2%), from €94,828 to €146,215
- Current portion of long-term debt +€13,785
new in 2025: €13,785
- Tax, wage and social debts +€6,965
up €6,965 (+23.2%), from €30,007 to €36,972
of which Taxes: +€6,690
- Trade debts +€4,490
up €4,490 (+169%), from €2,655 to €7,144
- Gross operating margin +€43,894
up €43,894 (+89.1%), from €49,252 to €93,146
- Depreciation +€13,216
up €13,216 (+154%), from €8,609 to €21,825
- Taxes +€6,560
up €6,560 (+66.9%), from €9,806 to €16,367
- Other operating charges +€1,676
up €1,676 (+125%), from €1,343 to €3,019
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 | €130,028 | €208,125 | +€78,097 | +60.1% |
| Fixed assets | 21/28 | €24,037 | €40,286 | +€16,248 | +67.6% |
| Tangible fixed assets | 22/27 | €24,037 | €40,286 | +€16,248 | +67.6% |
| Plant, machinery and equipment | 23 | €22,460 | €21,518 | -€942 | -4.2% |
| Furniture and vehicles | 24 | €1,577 | €3,317 | +€1,740 | +110% |
| Leasing and similar rights | 25 | - | €15,451 | +€15,451 | |
| Current assets | 29/58 | €105,991 | €167,840 | +€61,849 | +58.4% |
| Stocks and contracts in progress | 3 | €39,017 | €59,421 | +€20,405 | +52.3% |
| Stocks | 30/36 | €39,017 | €59,421 | +€20,405 | +52.3% |
| Amounts receivable within one year | 40/41 | €42,871 | €57,299 | +€14,427 | +33.7% |
| Trade receivables | 40 | €21,241 | €27,197 | +€5,956 | +28.0% |
| Other amounts receivable | 41 | €21,630 | €30,102 | +€8,472 | +39.2% |
| Cash at bank and in hand | 54/58 | €22,103 | €32,112 | +€10,009 | +45.3% |
| Deferred charges and accrued income | 490/1 | €2,000 | €19,007 | +€17,007 | +850% |
| Total equity and liabilities | 10/49 | €130,028 | €208,125 | +€78,097 | +60.1% |
| Equity | 10/15 | €95,828 | €147,215 | +€51,387 | +53.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €94,828 | €146,215 | +€51,387 | +54.2% |
| Amounts payable | 17/49 | €34,200 | €60,910 | +€26,710 | +78.1% |
| Amounts payable after more than one year | 17 | - | €1,172 | +€1,172 | |
| Financial debts | 170/4 | - | €1,172 | +€1,172 | |
| Amounts payable within one year | 42/48 | €33,245 | €58,734 | +€25,489 | +76.7% |
| Current portion of amounts payable after more than one year | 42 | - | €13,785 | +€13,785 | |
| Trade debts | 44 | €2,655 | €7,144 | +€4,490 | +169% |
| Suppliers | 440/4 | €2,655 | €7,144 | +€4,490 | +169% |
| Taxes, remuneration and social security | 45 | €30,007 | €36,972 | +€6,965 | +23.2% |
| Taxes | 450/3 | €30,007 | €36,697 | +€6,690 | +22.3% |
| Remuneration and social security | 454/9 | - | €274 | +€274 | |
| Other amounts payable | 47/48 | €583 | €833 | +€250 | +42.9% |
| Accrued charges and deferred income | 492/3 | €955 | €1,005 | +€49 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,609 | €21,825 | +€13,216 | +154% |
| Other operating charges | 640/8 | €1,343 | €3,019 | +€1,676 | +125% |
| Non-recurring operating charges | 66A | €712 | €106 | -€606 | -85.1% |
| Gross operating margin | 9900 | €49,252 | €93,146 | +€43,894 | +89.1% |
| Operating profit (loss) | 9901 | €38,589 | €68,196 | +€29,607 | +76.7% |
| Financial income | 75/76B | €1,076 | €1,386 | +€310 | +28.8% |
| Recurring financial income | 75 | €1,076 | €1,386 | +€310 | +28.8% |
| Financial charges | 65/66B | €1,355 | €995 | -€360 | -26.6% |
| Recurring financial charges | 65 | €1,355 | €995 | -€360 | -26.6% |
| Profit (loss) for the period before taxes | 9903 | €38,310 | €68,586 | +€30,277 | +79.0% |
| Income taxes | 67/77 | €9,806 | €16,367 | +€6,560 | +66.9% |
| Profit (loss) for the period | 9904 | €28,503 | €52,220 | +€23,717 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,503 | €52,220 | +€23,717 | +83.2% |
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 17 October 2026 via checked.be.