ESSEC GROUP: 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.
What changed
ESSEC GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €2.5m-€1.4m
Equity
€7.5m
2024 · €7.6m-€15,309
Cash
€64,071
2024 · €15,643+€48,429
Balance sheet total
€9.0m
2024 · €8.7m+€288,375
Largest movements
Assets
- Receivables within one year +€175,568
up €175,568 (+5.9%), from €3.0m to €3.2m
of which Other amounts receivable: +€131,947
Equity and liabilities
- Other debts +€518,013
up €518,013 (+115%), from €452,274 to €970,287
- Trade debts -€220,829
down €220,829 (-70.7%), from €312,440 to €91,611
Income statement
- Financial income -€1.4m
down €1.4m (-56.0%), from €2.5m to €1.1m
- Gross operating margin +€51,448
up €51,448 (+15.3%), from €337,256 to €388,703
- Staff costs +€40,800
up €40,800 (+13.4%), from €305,211 to €346,011
- Depreciation +€8,020
up €8,020 (+31.1%), from €25,795 to €33,814
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
€2.5m
Gross operating margin
+€51,448
Staff costs
-€40,800
Depreciation
-€8,020
Other operating charges
+€49
Financial income
-€1.4m
Financial charges
+€3,782
Taxes
-€170
Result 2025
€1.1m
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€84,099
Financing
-€1.1m
Cash 2024
€15,643
From operations (derived)
+€1.2m
Net result for the year
+€1.1m
Depreciation
+€33,814
Receivables within one year
-€175,568
Deferred charges and accrued income
-€14,094
Trade debts
-€220,829
Tax, wage and social debts
+€10,308
Other debts
+€518,013
Accrued charges and deferred income
+€655
Investment (derived)
-€84,099
Investment in fixed assets (net)
-€84,099
Financing
-€1.1m
Debts after one year
-€23,892
Current portion of long-term debt
+€10,207
Short-term financial debts
+€9,222
Contributions, distributions and other
-€1.1m
Cash 2025
€64,071
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,666,868 | €8,955,243 | +€288,375 | +3.3% |
| Fixed assets | 21/28 | €5,644,846 | €5,695,131 | +€50,284 | +0.9% |
| Tangible fixed assets | 22/27 | €39,846 | €90,131 | +€50,284 | +126% |
| Plant, machinery and equipment | 23 | €32,508 | €28,307 | -€4,201 | -12.9% |
| Furniture and vehicles | 24 | €7,339 | €61,824 | +€54,485 | +742% |
| Financial fixed assets | 28 | €5,605,000 | €5,605,000 | = | 0.0% |
| Current assets | 29/58 | €3,022,022 | €3,260,112 | +€238,091 | +7.9% |
| Amounts receivable within one year | 40/41 | €2,996,292 | €3,171,860 | +€175,568 | +5.9% |
| Trade receivables | 40 | - | €43,621 | +€43,621 | |
| Other amounts receivable | 41 | €2,996,292 | €3,128,239 | +€131,947 | +4.4% |
| Cash at bank and in hand | 54/58 | €15,643 | €64,071 | +€48,429 | +310% |
| Deferred charges and accrued income | 490/1 | €10,087 | €24,181 | +€14,094 | +140% |
| Total equity and liabilities | 10/49 | €8,666,868 | €8,955,243 | +€288,375 | +3.3% |
| Equity | 10/15 | €7,561,038 | €7,545,729 | -€15,309 | -0.2% |
| Contributions | 10/11 | €7,000,000 | €7,000,000 | = | 0.0% |
| Capital | 10 | €7,000,000 | €7,000,000 | = | 0.0% |
| Issued capital | 100 | €7,000,000 | €7,000,000 | = | 0.0% |
| Reserves | 13 | €561,038 | €545,729 | -€15,309 | -2.7% |
| Non-distributable reserves | 130/1 | €265,725 | €265,725 | = | 0.0% |
| Legal reserve | 130 | €265,725 | €265,725 | = | 0.0% |
| Distributable reserves | 133 | €295,313 | €280,004 | -€15,309 | -5.2% |
| Amounts payable | 17/49 | €1,105,830 | €1,409,514 | +€303,684 | +27.5% |
| Amounts payable after more than one year | 17 | €207,458 | €183,566 | -€23,892 | -11.5% |
| Financial debts | 170/4 | €207,458 | €183,566 | -€23,892 | -11.5% |
| Amounts payable within one year | 42/48 | €894,636 | €1,221,557 | +€326,921 | +36.5% |
| Current portion of amounts payable after more than one year | 42 | €69,474 | €79,681 | +€10,207 | +14.7% |
| Financial debts | 43 | €20,000 | €29,222 | +€9,222 | +46.1% |
| Credit institutions | 430/8 | €20,000 | €29,222 | +€9,222 | +46.1% |
| Trade debts | 44 | €312,440 | €91,611 | -€220,829 | -70.7% |
| Suppliers | 440/4 | €312,440 | €91,611 | -€220,829 | -70.7% |
| Taxes, remuneration and social security | 45 | €40,448 | €50,757 | +€10,308 | +25.5% |
| Taxes | 450/3 | €17,464 | €11,743 | -€5,721 | -32.8% |
| Remuneration and social security | 454/9 | €22,984 | €39,014 | +€16,030 | +69.7% |
| Other amounts payable | 47/48 | €452,274 | €970,287 | +€518,013 | +115% |
| Accrued charges and deferred income | 492/3 | €3,736 | €4,391 | +€655 | +17.5% |
| Remuneration, social security and pensions | 62 | €305,211 | €346,011 | +€40,800 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,795 | €33,814 | +€8,020 | +31.1% |
| Other operating charges | 640/8 | €1,252 | €1,202 | -€49 | -3.9% |
| Gross operating margin | 9900 | €337,256 | €388,703 | +€51,448 | +15.3% |
| Operating profit (loss) | 9901 | €4,998 | €7,676 | +€2,678 | +53.6% |
| Financial income | 75/76B | €2,500,015 | €1,100,009 | -€1.4m | -56.0% |
| Recurring financial income | 75 | €2,500,015 | €1,100,009 | -€1.4m | -56.0% |
| Financial charges | 65/66B | €26,461 | €22,679 | -€3,782 | -14.3% |
| Recurring financial charges | 65 | €26,461 | €22,679 | -€3,782 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €2,478,552 | €1,085,006 | -€1.4m | -56.2% |
| Income taxes | 67/77 | €145 | €315 | +€170 | +117% |
| Profit (loss) for the period | 9904 | €2,478,407 | €1,084,691 | -€1.4m | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,478,407 | €1,084,691 | -€1.4m | -56.2% |
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 14 October 2026 via checked.be.