ESKO - GRAPHICS: 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.
What changed
ESKO - GRAPHICS
NACE 46.649, Wholesale of other machinery and equipment
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€7.3m
2024 · €11.8m-€4.6m
Equity
€57.7m
2024 · €92.9m-€35.2m
Cash
€45.2m
2024 · €28.7m+€16.5m
Balance sheet total
€253.9m
2024 · €237.9m+€16.1m
Largest movements
Assets
- Cash +€16.5m
up €16.5m (+57.7%), from €28.7m to €45.2m
mainly Other debts (+€42.5m) and Net result for the year (+€7.3m)
Equity and liabilities
- Other debts +€42.5m
new in 2025: €42.5m
- Profit (loss) carried forward -€35.2m
down €35.2m (-48.2%), from €73.2m to €37.9m
- Trade debts +€6.4m
up €6.4m (+35.6%), from €18.0m to €24.4m
- Accrued charges and deferred income +€4.1m
up €4.1m (+20.8%), from €19.7m to €23.8m
Income statement
- Turnover -€8.5m
down €8.5m (-4.8%), from €175.8m to €167.2m
- Goods and materials -€4.2m
down €4.2m (-6.4%), from €65.6m to €61.4m
of which Purchases: -€4.3m
- Other operating income -€3.7m
down €3.7m (-26.0%), from €14.3m to €10.6m
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.
Result 2024
€11.8m
Turnover
-€8.5m
Other operating income
-€3.7m
Goods and materials
+€4.2m
Services and other goods
-€46,962
Staff costs
+€1.7m
Depreciation
-€352,655
Write-downs
+€630,673
Provisions
+€133,830
Other operating charges
+€3,086
Other operating items
+€520,698
Financial income
-€357,959
Financial charges
+€910,638
Taxes
+€375,172
Result 2025
€7.3m
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.
From operations
+€62.4m
Investment
-€2.2m
Financing
-€43.6m
Cash 2024
€28.7m
From operations (derived)
+€62.4m
Net result for the year
+€7.3m
Depreciation
+€1.4m
Receivables after one year
+€203,204
Stocks and contracts
+€264,878
Receivables within one year
+€1.3m
Deferred charges and accrued income
-€461,844
Provisions
-€511,596
Trade debts
+€6.4m
Smaller working-capital items
-€72,849
Other debts
+€42.5m
Accrued charges and deferred income
+€4.1m
Investment (derived)
-€2.2m
Investment in fixed assets (net)
-€2.2m
Financing
-€43.6m
Debts after one year
+€1
Short-term financial debts
-€1.1m
Contributions, distributions and other
-€42.5m
Cash 2025
€45.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €237,882,905 | €253,947,525 | +€16.1m | +6.8% |
| Fixed assets | 21/28 | €166,637,915 | €167,479,652 | +€841,737 | +0.5% |
| Intangible fixed assets | 21 | €4,306,466 | €5,261,151 | +€954,685 | +22.2% |
| Tangible fixed assets | 22/27 | €1,976,886 | €1,877,129 | -€99,757 | -5.0% |
| Plant, machinery and equipment | 23 | - | €0 | +€0 | |
| Furniture and vehicles | 24 | €1,060,962 | €1,114,532 | +€53,570 | +5.0% |
| Other tangible fixed assets | 26 | €915,924 | €762,597 | -€153,327 | -16.7% |
| Financial fixed assets | 28 | €160,354,563 | €160,341,373 | -€13,190 | 0.0% |
| Affiliated companies | 280/1 | €160,330,204 | €160,330,204 | = | 0.0% |
| Participating interests | 280 | €160,330,204 | €160,330,204 | = | 0.0% |
| Other financial fixed assets | 284/8 | €24,359 | €11,169 | -€13,190 | -54.2% |
| Amounts receivable and cash guarantees | 285/8 | €24,359 | €11,169 | -€13,190 | -54.2% |
| Current assets | 29/58 | €71,244,990 | €86,467,873 | +€15.2m | +21.4% |
| Amounts receivable after more than one year | 29 | €758,427 | €555,223 | -€203,204 | -26.8% |
| Trade receivables | 290 | €758,427 | €555,223 | -€203,204 | -26.8% |
| Stocks and contracts in progress | 3 | €1,655,475 | €1,390,597 | -€264,878 | -16.0% |
| Stocks | 30/36 | €1,655,475 | €1,390,597 | -€264,878 | -16.0% |
| Goods purchased for resale | 34 | €1,655,475 | €1,390,597 | -€264,878 | -16.0% |
| Amounts receivable within one year | 40/41 | €36,456,566 | €35,150,244 | -€1.3m | -3.6% |
| Trade receivables | 40 | €26,560,012 | €25,613,625 | -€946,387 | -3.6% |
| Other amounts receivable | 41 | €9,896,554 | €9,536,619 | -€359,935 | -3.6% |
| Cash at bank and in hand | 54/58 | €28,674,268 | €45,209,711 | +€16.5m | +57.7% |
| Deferred charges and accrued income | 490/1 | €3,700,253 | €4,162,097 | +€461,844 | +12.5% |
| Total equity and liabilities | 10/49 | €237,882,905 | €253,947,525 | +€16.1m | +6.8% |
| Equity | 10/15 | €92,919,193 | €57,669,811 | -€35.2m | -37.9% |
| Contributions | 10/11 | €14,933,148 | €14,933,148 | = | 0.0% |
| Reserves | 13 | €4,800,358 | €4,800,358 | = | 0.0% |
| Distributable reserves | 133 | €4,800,358 | €4,800,358 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,185,687 | €37,936,305 | -€35.2m | -48.2% |
| Provisions and deferred taxes | 16 | €12,387,156 | €11,875,560 | -€511,596 | -4.1% |
| Provisions for liabilities and charges | 160/5 | €12,387,156 | €11,875,560 | -€511,596 | -4.1% |
| Taxes | 161 | €7,674,457 | €7,674,457 | = | 0.0% |
| Other liabilities and charges | 164/5 | €4,712,699 | €4,201,103 | -€511,596 | -10.9% |
| Amounts payable | 17/49 | €132,576,556 | €184,402,155 | +€51.8m | +39.1% |
| Amounts payable after more than one year | 17 | €84,065,491 | €84,065,492 | +€1 | 0.0% |
| Financial debts | 170/4 | €84,065,491 | €84,065,492 | +€1 | 0.0% |
| Other loans | 174 | €84,065,491 | €84,065,492 | +€1 | 0.0% |
| Amounts payable within one year | 42/48 | €28,834,545 | €76,566,937 | +€47.7m | +165.5% |
| Financial debts | 43 | €1,109,886 | - | -€1.1m | |
| Credit institutions | 430/8 | €1,109,886 | - | -€1.1m | |
| Trade debts | 44 | €17,969,919 | €24,371,197 | +€6.4m | +35.6% |
| Suppliers | 440/4 | €17,969,919 | €24,371,197 | +€6.4m | +35.6% |
| Advances received on contracts in progress | 46 | €163,010 | €97,313 | -€65,697 | -40.3% |
| Taxes, remuneration and social security | 45 | €9,591,730 | €9,584,578 | -€7,152 | -0.1% |
| Taxes | 450/3 | €3,068,809 | €2,913,968 | -€154,842 | -5.0% |
| Remuneration and social security | 454/9 | €6,522,920 | €6,670,610 | +€147,690 | +2.3% |
| Other amounts payable | 47/48 | - | €42,513,850 | +€42.5m | |
| Accrued charges and deferred income | 492/3 | €19,676,520 | €23,769,726 | +€4.1m | +20.8% |
| Operating income | 70/76A | €190,064,903 | €178,309,646 | -€11.8m | -6.2% |
| Turnover | 70 | €175,755,996 | €167,241,025 | -€8.5m | -4.8% |
| Other operating income | 74 | €14,308,907 | €10,589,884 | -€3.7m | -26.0% |
| Non-recurring operating income | 76A | - | €478,737 | +€478,737 | |
| Operating charges | 60/66A | €174,391,140 | €168,139,163 | -€6.3m | -3.6% |
| Goods for resale, raw materials and consumables | 60 | €65,574,271 | €61,390,846 | -€4.2m | -6.4% |
| Purchases | 600/8 | €66,201,467 | €61,884,135 | -€4.3m | -6.5% |
| Change in stocks: decrease (increase) | 609 | -€627,196 | -€493,289 | +€133,906 | +21.4% |
| Services and other goods | 61 | €81,057,180 | €81,104,142 | +€46,962 | +0.1% |
| Remuneration, social security and pensions | 62 | €26,547,138 | €24,888,519 | -€1.7m | -6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,046,357 | €1,399,012 | +€352,655 | +33.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €441,369 | -€189,304 | -€630,673 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€377,766 | -€511,596 | -€133,830 | -35.4% |
| Other operating charges | 640/8 | €60,629 | €57,543 | -€3,086 | -5.1% |
| Non-recurring operating charges | 66A | €41,961 | €0 | -€41,961 | -100.0% |
| Operating profit (loss) | 9901 | €15,673,763 | €10,170,483 | -€5.5m | -35.1% |
| Financial income | 75/76B | €1,321,511 | €963,552 | -€357,959 | -27.1% |
| Recurring financial income | 75 | €1,321,511 | €963,552 | -€357,959 | -27.1% |
| Income from current assets | 751 | €1,274,451 | €702,753 | -€571,698 | -44.9% |
| Other financial income | 752/9 | €47,060 | €260,799 | +€213,739 | +454.2% |
| Financial charges | 65/66B | €2,103,429 | €1,192,791 | -€910,638 | -43.3% |
| Recurring financial charges | 65 | €2,103,429 | €1,192,791 | -€910,638 | -43.3% |
| Debt charges | 650 | €945,544 | €533,084 | -€412,460 | -43.6% |
| Other financial charges | 652/9 | €1,157,885 | €659,707 | -€498,178 | -43.0% |
| Profit (loss) for the period before taxes | 9903 | €14,891,845 | €9,941,244 | -€5.0m | -33.2% |
| Income taxes | 67/77 | €3,051,949 | €2,676,777 | -€375,172 | -12.3% |
| Taxes | 670/3 | €4,058,527 | €2,676,777 | -€1.4m | -34.0% |
| Tax adjustments and reversals of tax provisions | 77 | €1,006,577 | - | -€1.0m | |
| Profit (loss) for the period | 9904 | €11,839,896 | €7,264,467 | -€4.6m | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €11,839,896 | €7,264,467 | -€4.6m | -38.6% |
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 8 October 2026 via checked.be.