ESSEC TELECOM CENTER: 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.
ESSEC TELECOM CENTER
Largest movements
- Receivables within one year -€1.1m
down €1.1m (-18.8%), from €5.8m to €4.7m
of which Trade receivables: -€580,133
- Stocks and contracts -€900,059
down €900,059 (-46.1%), from €2.0m to €1.1m
- Cash -€552,936
down €552,936 (-63.7%), from €868,370 to €315,434
mainly Trade debts (-€2.0m) and Contributions, distributions and other (-€600,000)
- Deferred charges and accrued income +€334,863
up €334,863 (+145%), from €231,606 to €566,470
- Tangible fixed assets -€270,010
down €270,010 (-24.4%), from €1.1m to €836,789
of which Plant, machinery and equipment: -€153,743
- Trade debts -€2.0m
down €2.0m (-39.1%), from €5.0m to €3.1m
- Reserves -€314,431
down €314,431 (-12.2%), from €2.6m to €2.3m
of which Distributable reserves: -€314,431
- Other debts -€198,938
down €198,938 (-19.9%), from €999,038 to €800,100
- Tax, wage and social debts +€117,865
up €117,865 (+28.7%), from €411,066 to €528,931
of which Taxes: +€95,809
- Debts after one year -€105,745
down €105,745 (-25.8%), from €409,364 to €303,619
- Goods and materials +€1.7m
up €1.7m (+9.2%), from €18.9m to €20.6m
of which Change in stocks: decrease (increase): +€1.3m
- Turnover +€1.6m
up €1.6m (+7.7%), from €21.2m to €22.9m
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 | €9,984,875 | €7,501,684 | -€2.5m | -24.9% |
| Fixed assets | 21/28 | €1,106,798 | €836,789 | -€270,010 | -24.4% |
| Tangible fixed assets | 22/27 | €1,106,798 | €836,789 | -€270,010 | -24.4% |
| Plant, machinery and equipment | 23 | €495,901 | €342,157 | -€153,743 | -31.0% |
| Furniture and vehicles | 24 | €610,898 | €494,631 | -€116,267 | -19.0% |
| Current assets | 29/58 | €8,878,077 | €6,664,895 | -€2.2m | -24.9% |
| Stocks and contracts in progress | 3 | €1,953,373 | €1,053,314 | -€900,059 | -46.1% |
| Stocks | 30/36 | €1,953,373 | €1,053,314 | -€900,059 | -46.1% |
| Goods purchased for resale | 34 | €1,953,373 | €1,053,314 | -€900,059 | -46.1% |
| Amounts receivable within one year | 40/41 | €5,824,727 | €4,729,678 | -€1.1m | -18.8% |
| Trade receivables | 40 | €2,076,918 | €1,496,786 | -€580,133 | -27.9% |
| Other amounts receivable | 41 | €3,747,809 | €3,232,892 | -€514,916 | -13.7% |
| Cash at bank and in hand | 54/58 | €868,370 | €315,434 | -€552,936 | -63.7% |
| Deferred charges and accrued income | 490/1 | €231,606 | €566,470 | +€334,863 | +145% |
| Total equity and liabilities | 10/49 | €9,984,875 | €7,501,684 | -€2.5m | -24.9% |
| Equity | 10/15 | €2,680,379 | €2,365,947 | -€314,431 | -11.7% |
| Contributions | 10/11 | €112,000 | €112,000 | = | 0.0% |
| Capital | 10 | €112,000 | €112,000 | = | 0.0% |
| Issued capital | 100 | €112,000 | €112,000 | = | 0.0% |
| Reserves | 13 | €2,568,379 | €2,253,947 | -€314,431 | -12.2% |
| Non-distributable reserves | 130/1 | €11,200 | €11,200 | = | 0.0% |
| Legal reserve | 130 | €11,200 | €11,200 | = | 0.0% |
| Distributable reserves | 133 | €2,557,179 | €2,242,747 | -€314,431 | -12.3% |
| Amounts payable | 17/49 | €7,304,496 | €5,135,736 | -€2.2m | -29.7% |
| Amounts payable after more than one year | 17 | €409,364 | €303,619 | -€105,745 | -25.8% |
| Financial debts | 170/4 | €409,364 | €303,619 | -€105,745 | -25.8% |
| Credit institutions | 173 | €409,364 | €303,619 | -€105,745 | -25.8% |
| Amounts payable within one year | 42/48 | €6,870,182 | €4,824,325 | -€2.0m | -29.8% |
| Current portion of amounts payable after more than one year | 42 | €167,351 | €177,971 | +€10,620 | +6.3% |
| Financial debts | 43 | €266,362 | €255,309 | -€11,053 | -4.1% |
| Credit institutions | 430/8 | €266,362 | - | -€266,362 | |
| Other loans | 439 | - | €255,309 | +€255,309 | |
| Trade debts | 44 | €5,026,365 | €3,062,013 | -€2.0m | -39.1% |
| Suppliers | 440/4 | €5,026,365 | €3,062,013 | -€2.0m | -39.1% |
| Taxes, remuneration and social security | 45 | €411,066 | €528,931 | +€117,865 | +28.7% |
| Taxes | 450/3 | €109,835 | €205,644 | +€95,809 | +87.2% |
| Remuneration and social security | 454/9 | €301,231 | €323,287 | +€22,056 | +7.3% |
| Other amounts payable | 47/48 | €999,038 | €800,100 | -€198,938 | -19.9% |
| Accrued charges and deferred income | 492/3 | €24,950 | €7,793 | -€17,158 | -68.8% |
| Operating income | 70/76A | €23,719,197 | €25,524,042 | +€1.8m | +7.6% |
| Turnover | 70 | €21,229,459 | €22,853,746 | +€1.6m | +7.7% |
| Other operating income | 74 | €2,489,738 | €2,670,296 | +€180,558 | +7.3% |
| Operating charges | 60/66A | €23,131,129 | €25,014,560 | +€1.9m | +8.1% |
| Goods for resale, raw materials and consumables | 60 | €18,865,598 | €20,606,609 | +€1.7m | +9.2% |
| Purchases | 600/8 | €19,283,703 | €19,706,550 | +€422,847 | +2.2% |
| Change in stocks: decrease (increase) | 609 | -€418,105 | €900,059 | +€1.3m | |
| Services and other goods | 61 | €1,470,225 | €1,370,850 | -€99,375 | -6.8% |
| Remuneration, social security and pensions | 62 | €2,405,759 | €2,623,057 | +€217,298 | +9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372,257 | €390,760 | +€18,503 | +5.0% |
| Other operating charges | 640/8 | €17,290 | €23,284 | +€5,993 | +34.7% |
| Operating profit (loss) | 9901 | €588,068 | €509,482 | -€78,586 | -13.4% |
| Financial income | 75/76B | €3,174 | €2,247 | -€928 | -29.2% |
| Recurring financial income | 75 | €3,174 | €2,247 | -€928 | -29.2% |
| Other financial income | 752/9 | €3,174 | €2,247 | -€928 | -29.2% |
| Financial charges | 65/66B | €94,427 | €106,111 | +€11,684 | +12.4% |
| Recurring financial charges | 65 | €94,427 | €106,111 | +€11,684 | +12.4% |
| Debt charges | 650 | €49,609 | €39,248 | -€10,361 | -20.9% |
| Other financial charges | 652/9 | €44,818 | €66,863 | +€22,045 | +49.2% |
| Profit (loss) for the period before taxes | 9903 | €496,815 | €405,618 | -€91,197 | -18.4% |
| Income taxes | 67/77 | €141,318 | €120,049 | -€21,269 | -15.1% |
| Taxes | 670/3 | €141,318 | €120,049 | -€21,269 | -15.1% |
| Profit (loss) for the period | 9904 | €355,497 | €285,569 | -€69,929 | -19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €355,497 | €285,569 | -€69,929 | -19.7% |
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 18 October 2026 via checked.be.