ESQUIT: what changed
ESQUIT
Largest movements
- Receivables within one year +€66,374
up €66,374 (+362%), from €18,314 to €84,688
of which Other amounts receivable: +€42,117
- Cash +€49,632
up €49,632 (+27.4%), from €181,440 to €231,072
mainly Net result for the year (+€145,575) and Provisions (+€82,779)
- Tangible fixed assets -€5,375
down €5,375 (-23.2%), from €23,129 to €17,754
of which Land and buildings: -€2,700
- Provisions +€82,779
new in 2025: €82,779
- Tax, wage and social debts +€37,453
up €37,453 (+369%), from €10,140 to €47,593
- Other debts -€26,316
no longer reported in 2025 (was €26,316)
- Reserves +€19,160
up €19,160 (+10.0%), from €191,182 to €210,342
of which Distributable reserves: +€19,260
- Trade debts -€4,967
down €4,967 (-67.6%), from €7,352 to €2,385
- Gross operating margin +€130,992
up €130,992 (+65.6%), from €199,763 to €330,756
- Provisions +€82,779
new in 2025: €82,779
- Taxes +€41,018
up €41,018 (+74.1%), from €55,320 to €96,338
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €235,989 | €344,099 | +€108,110 | +45.8% |
| Fixed assets | 21/28 | €24,129 | €18,754 | -€5,375 | -22.3% |
| Tangible fixed assets | 22/27 | €23,129 | €17,754 | -€5,375 | -23.2% |
| Land and buildings | 22 | €16,077 | €13,377 | -€2,700 | -16.8% |
| Plant, machinery and equipment | 23 | €4,928 | €2,893 | -€2,035 | -41.3% |
| Furniture and vehicles | 24 | €1,208 | €802 | -€407 | -33.7% |
| Other tangible fixed assets | 26 | €915 | €682 | -€234 | -25.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €211,860 | €325,345 | +€113,485 | +53.6% |
| Amounts receivable within one year | 40/41 | €18,314 | €84,688 | +€66,374 | +362% |
| Trade receivables | 40 | €3,814 | €28,071 | +€24,257 | +636% |
| Other amounts receivable | 41 | €14,500 | €56,616 | +€42,117 | +290% |
| Cash at bank and in hand | 54/58 | €181,440 | €231,072 | +€49,632 | +27.4% |
| Deferred charges and accrued income | 490/1 | €12,106 | €9,586 | -€2,521 | -20.8% |
| Total equity and liabilities | 10/49 | €235,989 | €344,099 | +€108,110 | +45.8% |
| Equity | 10/15 | €192,182 | €211,342 | +€19,160 | +10.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €191,182 | €210,342 | +€19,160 | +10.0% |
| Non-distributable reserves | 130/1 | €100 | - | -€100 | |
| Reserves not available under the articles | 1311 | €100 | - | -€100 | |
| Distributable reserves | 133 | €191,082 | €210,342 | +€19,260 | +10.1% |
| Provisions and deferred taxes | 16 | - | €82,779 | +€82,779 | |
| Provisions for liabilities and charges | 160/5 | - | €82,779 | +€82,779 | |
| Environmental obligations | 163 | - | €82,779 | +€82,779 | |
| Amounts payable | 17/49 | €43,808 | €49,979 | +€6,171 | +14.1% |
| Amounts payable within one year | 42/48 | €43,808 | €49,979 | +€6,171 | +14.1% |
| Trade debts | 44 | €7,352 | €2,385 | -€4,967 | -67.6% |
| Suppliers | 440/4 | €7,352 | €2,385 | -€4,967 | -67.6% |
| Taxes, remuneration and social security | 45 | €10,140 | €47,593 | +€37,453 | +369% |
| Taxes | 450/3 | €10,140 | €47,593 | +€37,453 | +369% |
| Other amounts payable | 47/48 | €26,316 | - | -€26,316 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,798 | €5,375 | -€2,423 | -31.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €82,779 | +€82,779 | |
| Other operating charges | 640/8 | €991 | €1,527 | +€535 | +54.0% |
| Gross operating margin | 9900 | €199,763 | €330,756 | +€130,992 | +65.6% |
| Operating profit (loss) | 9901 | €190,974 | €241,075 | +€50,101 | +26.2% |
| Financial income | 75/76B | €377 | €1,442 | +€1,065 | +282% |
| Recurring financial income | 75 | €377 | €1,442 | +€1,065 | +282% |
| Financial charges | 65/66B | €377 | €604 | +€227 | +60.1% |
| Recurring financial charges | 65 | €377 | €604 | +€227 | +60.1% |
| Profit (loss) for the period before taxes | 9903 | €190,974 | €241,913 | +€50,939 | +26.7% |
| Income taxes | 67/77 | €55,320 | €96,338 | +€41,018 | +74.1% |
| Profit (loss) for the period | 9904 | €135,653 | €145,575 | +€9,922 | +7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €135,653 | €145,575 | +€9,922 | +7.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.