ESSAMCO: 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.
ESSAMCO
Largest movements
- Tangible fixed assets -€29,500
down €29,500 (-9.8%), from €302,298 to €272,798
- Cash -€27,683
down €27,683 (-44.0%), from €62,884 to €35,202
mainly Investment in fixed assets (net) (-€65,190) and Net result for the year (-€45,023)
- Stocks and contracts -€7,559
down €7,559 (-83.7%), from €9,029 to €1,470
- Receivables within one year +€5,356
up €5,356 (+9.8%), from €54,869 to €60,225
- Reserves -€45,023
down €45,023 (-53.2%), from €84,692 to €39,669
of which Distributable reserves: -€45,023
- Debts after one year -€38,483
down €38,483 (-22.3%), from €172,237 to €133,753
- Trade debts +€16,938
up €16,938 (+110%), from €15,417 to €32,355
- Gross operating margin -€25,612
down €25,612 (-30.7%), from €83,324 to €57,712
- Depreciation +€11,310
up €11,310 (+13.6%), from €83,380 to €94,690
- Financial charges +€851
up €851 (+13.2%), from €6,439 to €7,289
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 | €432,030 | €372,560 | -€59,471 | -13.8% |
| Fixed assets | 21/28 | €303,298 | €273,798 | -€29,500 | -9.7% |
| Tangible fixed assets | 22/27 | €302,298 | €272,798 | -€29,500 | -9.8% |
| Plant, machinery and equipment | 23 | €302,298 | €272,798 | -€29,500 | -9.8% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €128,733 | €98,762 | -€29,971 | -23.3% |
| Stocks and contracts in progress | 3 | €9,029 | €1,470 | -€7,559 | -83.7% |
| Stocks | 30/36 | €9,029 | €1,470 | -€7,559 | -83.7% |
| Amounts receivable within one year | 40/41 | €54,869 | €60,225 | +€5,356 | +9.8% |
| Trade receivables | 40 | €54,869 | €60,225 | +€5,356 | +9.8% |
| Cash at bank and in hand | 54/58 | €62,884 | €35,202 | -€27,683 | -44.0% |
| Deferred charges and accrued income | 490/1 | €1,951 | €1,866 | -€85 | -4.4% |
| Total equity and liabilities | 10/49 | €432,030 | €372,560 | -€59,471 | -13.8% |
| Equity | 10/15 | €157,392 | €113,269 | -€44,123 | -28.0% |
| Contributions | 10/11 | €72,700 | €73,600 | +€900 | +1.2% |
| Reserves | 13 | €84,692 | €39,669 | -€45,023 | -53.2% |
| Non-distributable reserves | 130/1 | €420 | €420 | = | 0.0% |
| Reserves not available under the articles | 1311 | €420 | €420 | = | 0.0% |
| Distributable reserves | 133 | €84,273 | €39,249 | -€45,023 | -53.4% |
| Amounts payable | 17/49 | €274,638 | €259,291 | -€15,347 | -5.6% |
| Amounts payable after more than one year | 17 | €172,237 | €133,753 | -€38,483 | -22.3% |
| Financial debts | 170/4 | €172,237 | €133,753 | -€38,483 | -22.3% |
| Amounts payable within one year | 42/48 | €102,402 | €125,538 | +€23,136 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €82,935 | €86,150 | +€3,215 | +3.9% |
| Trade debts | 44 | €15,417 | €32,355 | +€16,938 | +110% |
| Suppliers | 440/4 | €15,417 | €32,355 | +€16,938 | +110% |
| Taxes, remuneration and social security | 45 | €2,516 | €4,963 | +€2,447 | +97.2% |
| Taxes | 450/3 | €2,516 | €4,963 | +€2,447 | +97.2% |
| Other amounts payable | 47/48 | €1,533 | €2,070 | +€537 | +35.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,380 | €94,690 | +€11,310 | +13.6% |
| Other operating charges | 640/8 | €118 | €757 | +€639 | +541% |
| Gross operating margin | 9900 | €83,324 | €57,712 | -€25,612 | -30.7% |
| Operating profit (loss) | 9901 | -€174 | -€37,735 | -€37,561 | -21,598% |
| Financial income | 75/76B | €1 | €1 | -€0 | -26.4% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -26.4% |
| Financial charges | 65/66B | €6,439 | €7,289 | +€851 | +13.2% |
| Recurring financial charges | 65 | €6,439 | €7,289 | +€851 | +13.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,612 | -€45,023 | -€38,412 | -581% |
| Profit (loss) for the period | 9904 | -€6,612 | -€45,023 | -€38,412 | -581% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,612 | -€45,023 | -€38,412 | -581% |
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 13 October 2026 via checked.be.