ESKA BAY: 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.
ESKA BAY
Largest movements
- Receivables within one year +€248,276
up €248,276 (+38.2%), from €650,706 to €898,982
of which Trade receivables: +€280,316
- Tangible fixed assets -€58,656
down €58,656 (-59.4%), from €98,691 to €40,036
of which Furniture and vehicles: -€54,634
- Tax, wage and social debts +€182,488
up €182,488 (+61.8%), from €295,271 to €477,759
of which Remuneration and social security: +€100,289
- Trade debts -€55,302
down €55,302 (-59.9%), from €92,363 to €37,060
- Profit (loss) carried forward +€44,545
up €44,545 (+10.9%), from €410,281 to €454,826
- Provisions +€15,084
new in 2025: €15,084
- Current portion of long-term debt -€11,330
no longer reported in 2025 (was €11,330)
- Staff costs -€87,662
down €87,662 (-16.1%), from €542,823 to €455,161
- Other operating charges +€41,757
up €41,757 (+249%), from €16,786 to €58,543
- Taxes +€14,206
up €14,206 (+112%), from €12,635 to €26,840
- Gross operating margin -€14,009
down €14,009 (-2.2%), from €650,224 to €636,215
- Financial charges +€12,581
up €12,581 (+208%), from €6,060 to €18,641
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 | €830,145 | €1,005,629 | +€175,484 | +21.1% |
| Fixed assets | 21/28 | €113,211 | €54,556 | -€58,656 | -51.8% |
| Tangible fixed assets | 22/27 | €98,691 | €40,036 | -€58,656 | -59.4% |
| Furniture and vehicles | 24 | €94,670 | €40,036 | -€54,634 | -57.7% |
| Leasing and similar rights | 25 | €4,022 | - | -€4,022 | |
| Financial fixed assets | 28 | €14,520 | €14,520 | = | 0.0% |
| Current assets | 29/58 | €716,934 | €951,074 | +€234,140 | +32.7% |
| Amounts receivable within one year | 40/41 | €650,706 | €898,982 | +€248,276 | +38.2% |
| Trade receivables | 40 | €613,916 | €894,232 | +€280,316 | +45.7% |
| Other amounts receivable | 41 | €36,789 | €4,749 | -€32,040 | -87.1% |
| Cash at bank and in hand | 54/58 | €54,783 | €49,989 | -€4,794 | -8.8% |
| Deferred charges and accrued income | 490/1 | €11,445 | €2,103 | -€9,342 | -81.6% |
| Total equity and liabilities | 10/49 | €830,145 | €1,005,629 | +€175,484 | +21.1% |
| Equity | 10/15 | €431,181 | €475,726 | +€44,545 | +10.3% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €1,900 | €1,900 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €410,281 | €454,826 | +€44,545 | +10.9% |
| Provisions and deferred taxes | 16 | - | €15,084 | +€15,084 | |
| Provisions for liabilities and charges | 160/5 | - | €15,084 | +€15,084 | |
| Pensions and similar obligations | 160 | - | €15,084 | +€15,084 | |
| Amounts payable | 17/49 | €398,964 | €514,819 | +€115,855 | +29.0% |
| Amounts payable within one year | 42/48 | €398,964 | €514,819 | +€115,855 | +29.0% |
| Current portion of amounts payable after more than one year | 42 | €11,330 | - | -€11,330 | |
| Trade debts | 44 | €92,363 | €37,060 | -€55,302 | -59.9% |
| Suppliers | 440/4 | €92,363 | €37,060 | -€55,302 | -59.9% |
| Taxes, remuneration and social security | 45 | €295,271 | €477,759 | +€182,488 | +61.8% |
| Taxes | 450/3 | €48,699 | €130,898 | +€82,199 | +169% |
| Remuneration and social security | 454/9 | €246,572 | €346,861 | +€100,289 | +40.7% |
| Non-recurring operating income | 76A | - | €40,735 | +€40,735 | |
| Remuneration, social security and pensions | 62 | €542,823 | €455,161 | -€87,662 | -16.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,778 | €17,786 | -€6,992 | -28.2% |
| Other operating charges | 640/8 | €16,786 | €58,543 | +€41,757 | +249% |
| Non-recurring operating charges | 66A | - | €15,084 | +€15,084 | |
| Gross operating margin | 9900 | €650,224 | €636,215 | -€14,009 | -2.2% |
| Operating profit (loss) | 9901 | €65,836 | €89,639 | +€23,803 | +36.2% |
| Financial income | 75/76B | - | €387 | +€387 | |
| Recurring financial income | 75 | - | €387 | +€387 | |
| Financial charges | 65/66B | €6,060 | €18,641 | +€12,581 | +208% |
| Recurring financial charges | 65 | €6,060 | €18,641 | +€12,581 | +208% |
| Profit (loss) for the period before taxes | 9903 | €59,776 | €71,385 | +€11,609 | +19.4% |
| Income taxes | 67/77 | €12,635 | €26,840 | +€14,206 | +112% |
| Profit (loss) for the period | 9904 | €47,142 | €44,545 | -€2,597 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €47,142 | €44,545 | -€2,597 | -5.5% |
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 26 October 2026 via checked.be.