ESQUILO: 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.
ESQUILO
Largest movements
- Cash +€13,403
up €13,403 (+118%), from €11,321 to €24,724
mainly Net result for the year (+€20,406) and Receivables within one year (+€11,093)
- Current investments +€13,285
up €13,285 (+12.2%), from €109,117 to €122,402
- Receivables within one year -€11,093
down €11,093 (-40.8%), from €27,188 to €16,095
of which Trade receivables: -€11,011
- Tangible fixed assets -€3,237
down €3,237 (-26.2%), from €12,334 to €9,096
of which Furniture and vehicles: -€3,084
- Reserves +€20,406
up €20,406 (+18.1%), from €112,860 to €133,265
- Other debts -€7,614
down €7,614 (-34.4%), from €22,101 to €14,487
- Financial charges +€2,946
up €2,946, from -€2,119 to €827
- Taxes +€647
up €647 (+8.7%), from €7,445 to €8,092
- Gross operating margin +€622
up €622 (+2.0%), from €31,022 to €31,645
- Depreciation +€534
up €534 (+19.8%), from €2,703 to €3,237
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 | €163,366 | €174,723 | +€11,357 | +7.0% |
| Fixed assets | 21/28 | €13,799 | €10,562 | -€3,237 | -23.5% |
| Tangible fixed assets | 22/27 | €12,334 | €9,096 | -€3,237 | -26.2% |
| Furniture and vehicles | 24 | €11,358 | €8,274 | -€3,084 | -27.2% |
| Other tangible fixed assets | 26 | €975 | €822 | -€153 | -15.7% |
| Financial fixed assets | 28 | €1,466 | €1,466 | = | 0.0% |
| Current assets | 29/58 | €149,567 | €164,161 | +€14,594 | +9.8% |
| Amounts receivable within one year | 40/41 | €27,188 | €16,095 | -€11,093 | -40.8% |
| Trade receivables | 40 | €27,104 | €16,093 | -€11,011 | -40.6% |
| Other amounts receivable | 41 | €84 | €2 | -€82 | -97.4% |
| Current investments | 50/53 | €109,117 | €122,402 | +€13,285 | +12.2% |
| Cash at bank and in hand | 54/58 | €11,321 | €24,724 | +€13,403 | +118% |
| Deferred charges and accrued income | 490/1 | €1,941 | €941 | -€1,000 | -51.5% |
| Total equity and liabilities | 10/49 | €163,366 | €174,723 | +€11,357 | +7.0% |
| Equity | 10/15 | €131,747 | €151,293 | +€19,547 | +14.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €112,860 | €133,265 | +€20,406 | +18.1% |
| Distributable reserves | 133 | €112,860 | €133,265 | +€20,406 | +18.1% |
| Profit (loss) carried forward | 14 | €6,487 | €5,628 | -€859 | -13.2% |
| Amounts payable | 17/49 | €31,619 | €23,430 | -€8,190 | -25.9% |
| Amounts payable within one year | 42/48 | €30,875 | €23,107 | -€7,768 | -25.2% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,543 | €2,418 | +€875 | +56.7% |
| Suppliers | 440/4 | €1,543 | €2,418 | +€875 | +56.7% |
| Taxes, remuneration and social security | 45 | €7,232 | €6,203 | -€1,029 | -14.2% |
| Taxes | 450/3 | €7,232 | €6,203 | -€1,029 | -14.2% |
| Other amounts payable | 47/48 | €22,101 | €14,487 | -€7,614 | -34.4% |
| Accrued charges and deferred income | 492/3 | €744 | €322 | -€422 | -56.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,703 | €3,237 | +€534 | +19.8% |
| Other operating charges | 640/8 | €623 | €463 | -€159 | -25.6% |
| Non-recurring operating charges | 66A | €2,781 | €0 | -€2,781 | -100% |
| Gross operating margin | 9900 | €31,022 | €31,645 | +€622 | +2.0% |
| Operating profit (loss) | 9901 | €24,916 | €27,944 | +€3,029 | +12.2% |
| Financial income | 75/76B | €1,445 | €1,381 | -€64 | -4.5% |
| Recurring financial income | 75 | €1,445 | €1,381 | -€64 | -4.5% |
| Financial charges | 65/66B | -€2,119 | €827 | +€2,946 | |
| Recurring financial charges | 65 | -€2,119 | €827 | +€2,946 | |
| Profit (loss) for the period before taxes | 9903 | €28,479 | €28,498 | +€18 | +0.1% |
| Income taxes | 67/77 | €7,445 | €8,092 | +€647 | +8.7% |
| Profit (loss) for the period | 9904 | €21,035 | €20,406 | -€629 | -3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,035 | €20,406 | -€629 | -3.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.