ESK PROJECTS: 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.
ESK PROJECTS
Largest movements
- Stocks and contracts -€76,976
down €76,976 (-15.5%), from €495,888 to €418,912
- Receivables within one year -€58,886
down €58,886 (-97.8%), from €60,225 to €1,339
of which Other amounts receivable: -€56,958
- Cash +€39,326
up €39,326 (+152%), from €25,836 to €65,163
mainly Stocks and contracts (+€76,976) and Receivables within one year (+€58,886)
- Short-term financial debts -€175,000
down €175,000 (-46.7%), from €375,000 to €200,000
- Reserves +€52,446
up €52,446 (+56.9%), from €92,236 to €144,682
- Trade debts +€13,220
up €13,220 (+294%), from €4,495 to €17,715
- Accrued charges and deferred income +€5,876
up €5,876 (+401%), from €1,466 to €7,341
- Gross operating margin +€100,802
up €100,802 (+2,131%), from €4,730 to €105,531
- Taxes +€23,435
up €23,435 (+2,111%), from €1,110 to €24,545
- Financial charges +€23,067
up €23,067 (+639%), from €3,612 to €26,679
- Financial income -€3,399
no longer reported in 2025 (was €3,399)
- Other operating charges +€1,328
up €1,328 (+1,148%), from €116 to €1,444
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 | €582,536 | €487,680 | -€94,857 | -16.3% |
| Fixed assets | 21/28 | €587 | €171 | -€416 | -70.9% |
| Tangible fixed assets | 22/27 | €587 | €171 | -€416 | -70.9% |
| Plant, machinery and equipment | 23 | €444 | €149 | -€295 | -66.5% |
| Furniture and vehicles | 24 | €143 | €22 | -€121 | -84.7% |
| Current assets | 29/58 | €581,950 | €487,509 | -€94,441 | -16.2% |
| Stocks and contracts in progress | 3 | €495,888 | €418,912 | -€76,976 | -15.5% |
| Contracts in progress | 37 | €495,888 | €418,912 | -€76,976 | -15.5% |
| Amounts receivable within one year | 40/41 | €60,225 | €1,339 | -€58,886 | -97.8% |
| Trade receivables | 40 | €1,927 | - | -€1,927 | |
| Other amounts receivable | 41 | €58,298 | €1,339 | -€56,958 | -97.7% |
| Cash at bank and in hand | 54/58 | €25,836 | €65,163 | +€39,326 | +152% |
| Deferred charges and accrued income | 490/1 | - | €2,095 | +€2,095 | |
| Total equity and liabilities | 10/49 | €582,536 | €487,680 | -€94,857 | -16.3% |
| Equity | 10/15 | €110,836 | €163,282 | +€52,446 | +47.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €92,236 | €144,682 | +€52,446 | +56.9% |
| Distributable reserves | 133 | €92,236 | €144,682 | +€52,446 | +56.9% |
| Amounts payable | 17/49 | €471,701 | €324,398 | -€147,303 | -31.2% |
| Amounts payable within one year | 42/48 | €470,235 | €317,056 | -€153,179 | -32.6% |
| Current portion of amounts payable after more than one year | 42 | - | €5,056 | +€5,056 | |
| Financial debts | 43 | €375,000 | €200,000 | -€175,000 | -46.7% |
| Credit institutions | 430/8 | €375,000 | €200,000 | -€175,000 | -46.7% |
| Trade debts | 44 | €4,495 | €17,715 | +€13,220 | +294% |
| Suppliers | 440/4 | €4,495 | €17,715 | +€13,220 | +294% |
| Taxes, remuneration and social security | 45 | - | €3,545 | +€3,545 | |
| Taxes | 450/3 | - | €3,545 | +€3,545 | |
| Other amounts payable | 47/48 | €90,740 | €90,740 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,466 | €7,341 | +€5,876 | +401% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,181 | €416 | -€765 | -64.8% |
| Other operating charges | 640/8 | €116 | €1,444 | +€1,328 | +1,148% |
| Gross operating margin | 9900 | €4,730 | €105,531 | +€100,802 | +2,131% |
| Operating profit (loss) | 9901 | €3,433 | €103,671 | +€100,238 | +2,920% |
| Financial income | 75/76B | €3,399 | - | -€3,399 | |
| Recurring financial income | 75 | €3,399 | - | -€3,399 | |
| Financial charges | 65/66B | €3,612 | €26,679 | +€23,067 | +639% |
| Recurring financial charges | 65 | €3,612 | €26,679 | +€23,067 | +639% |
| Profit (loss) for the period before taxes | 9903 | €3,219 | €76,992 | +€73,772 | +2,291% |
| Income taxes | 67/77 | €1,110 | €24,545 | +€23,435 | +2,111% |
| Profit (loss) for the period | 9904 | €2,109 | €52,446 | +€50,337 | +2,387% |
| Profit (loss) for the period to be appropriated | 9905 | €2,109 | €52,446 | +€50,337 | +2,387% |
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 13 October 2026 via checked.be.