ESKWAD: 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.
ESKWAD
Largest movements
- Receivables within one year -€6,260
down €6,260 (-71.4%), from €8,765 to €2,505
of which Trade receivables: -€5,431
- Tangible fixed assets -€656
down €656 (-43.1%), from €1,522 to €866
- Trade debts -€5,432
down €5,432 (-84.7%), from €6,412 to €980
- Other debts -€3,703
down €3,703 (-57.0%), from €6,499 to €2,796
- Short-term financial debts +€1,404
up €1,404 (+51.6%), from €2,720 to €4,125
- Profit (loss) carried forward +€815
up €815 (+3.4%), from -€23,944 to -€23,130
- Gross operating margin +€2,345
up €2,345 (+225.6%), from €1,039 to €3,384
- Financial charges +€702
up €702 (+180.9%), from €388 to €1,090
- Other operating charges -€159
down €159 (-19.0%), from €834 to €676
- Depreciation +€143
up €143 (+27.8%), from €513 to €656
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,287 | €3,371 | -€6,916 | -67.2% |
| Fixed assets | 21/28 | €1,522 | €866 | -€656 | -43.1% |
| Tangible fixed assets | 22/27 | €1,522 | €866 | -€656 | -43.1% |
| Furniture and vehicles | 24 | €1,522 | €866 | -€656 | -43.1% |
| Current assets | 29/58 | €8,765 | €2,505 | -€6,260 | -71.4% |
| Amounts receivable within one year | 40/41 | €8,765 | €2,505 | -€6,260 | -71.4% |
| Trade receivables | 40 | €5,431 | - | -€5,431 | |
| Other amounts receivable | 41 | €3,334 | €2,505 | -€829 | -24.9% |
| Total equity and liabilities | 10/49 | €10,287 | €3,371 | -€6,916 | -67.2% |
| Equity | 10/15 | -€5,344 | -€4,530 | +€815 | +15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,944 | -€23,130 | +€815 | +3.4% |
| Amounts payable | 17/49 | €15,632 | €7,901 | -€7,731 | -49.5% |
| Amounts payable within one year | 42/48 | €15,632 | €7,901 | -€7,731 | -49.5% |
| Financial debts | 43 | €2,720 | €4,125 | +€1,404 | +51.6% |
| Credit institutions | 430/8 | €2,720 | €4,125 | +€1,404 | +51.6% |
| Trade debts | 44 | €6,412 | €980 | -€5,432 | -84.7% |
| Suppliers | 440/4 | €6,412 | €980 | -€5,432 | -84.7% |
| Other amounts payable | 47/48 | €6,499 | €2,796 | -€3,703 | -57.0% |
| Remuneration, social security and pensions | 62 | €141 | €149 | +€8 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €513 | €656 | +€143 | +27.8% |
| Other operating charges | 640/8 | €834 | €676 | -€159 | -19.0% |
| Gross operating margin | 9900 | €1,039 | €3,384 | +€2,345 | +225.6% |
| Operating profit (loss) | 9901 | -€449 | €1,904 | +€2,353 | |
| Financial income | 75/76B | €17 | €0 | -€17 | -99.9% |
| Recurring financial income | 75 | €17 | €0 | -€17 | -99.9% |
| Financial charges | 65/66B | €388 | €1,090 | +€702 | +180.9% |
| Recurring financial charges | 65 | €388 | €1,090 | +€702 | +180.9% |
| Profit (loss) for the period before taxes | 9903 | -€820 | €815 | +€1,635 | |
| Profit (loss) for the period | 9904 | -€820 | €815 | +€1,635 | |
| Profit (loss) for the period to be appropriated | 9905 | -€820 | €815 | +€1,635 |
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 29 September 2026 via checked.be.