ESV TECHNICS: what changed
ESV TECHNICS
Largest movements
- Tangible fixed assets +€394,328
up €394,328 (+1,269%), from €31,081 to €425,408
of which Land and buildings: +€402,450
- Receivables within one year -€55,897
down €55,897 (-56.3%), from €99,278 to €43,381
of which Trade receivables: -€68,973
- Cash -€18,265
down €18,265 (-22.7%), from €80,327 to €62,062
mainly Investment in fixed assets (net) (-€406,097) and Contributions, distributions and other (-€75,000)
- Debts after one year +€243,117
up €243,117 (+1,508%), from €16,125 to €259,242
- Other debts +€189,321
up €189,321 (+276%), from €68,680 to €258,001
- Profit (loss) carried forward -€99,843
down €99,843, from €76,767 to -€23,076
- Trade debts -€21,276
down €21,276 (-69.0%), from €30,817 to €9,540
- Current portion of long-term debt +€9,473
up €9,473 (+148%), from €6,422 to €15,895
- Gross operating margin -€65,589
down €65,589 (-76.8%), from €85,356 to €19,767
- Staff costs +€15,274
new in 2025: €15,274
- Taxes -€13,520
no longer reported in 2025 (was €13,520)
- Financial charges +€8,339
up €8,339 (+117%), from €7,099 to €15,439
- Financial income +€1,689
up €1,689 (+1,112%), from €152 to €1,841
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 | €240,371 | €562,492 | +€322,121 | +134% |
| Fixed assets | 21/28 | €31,081 | €425,408 | +€394,328 | +1,269% |
| Tangible fixed assets | 22/27 | €31,081 | €425,408 | +€394,328 | +1,269% |
| Land and buildings | 22 | - | €402,450 | +€402,450 | |
| Plant, machinery and equipment | 23 | €926 | €1,739 | +€813 | +87.9% |
| Furniture and vehicles | 24 | €30,155 | €21,220 | -€8,936 | -29.6% |
| Current assets | 29/58 | €209,290 | €137,084 | -€72,206 | -34.5% |
| Stocks and contracts in progress | 3 | €27,543 | €29,547 | +€2,004 | +7.3% |
| Stocks | 30/36 | €27,543 | €29,547 | +€2,004 | +7.3% |
| Amounts receivable within one year | 40/41 | €99,278 | €43,381 | -€55,897 | -56.3% |
| Trade receivables | 40 | €94,314 | €25,341 | -€68,973 | -73.1% |
| Other amounts receivable | 41 | €4,964 | €18,041 | +€13,076 | +263% |
| Cash at bank and in hand | 54/58 | €80,327 | €62,062 | -€18,265 | -22.7% |
| Deferred charges and accrued income | 490/1 | €2,142 | €2,093 | -€49 | -2.3% |
| Total equity and liabilities | 10/49 | €240,371 | €562,492 | +€322,121 | +134% |
| Equity | 10/15 | €116,267 | €16,424 | -€99,843 | -85.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €19,500 | €19,500 | = | 0.0% |
| Distributable reserves | 133 | €19,500 | €19,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €76,767 | -€23,076 | -€99,843 | |
| Amounts payable | 17/49 | €124,104 | €546,068 | +€421,964 | +340% |
| Amounts payable after more than one year | 17 | €16,125 | €259,242 | +€243,117 | +1,508% |
| Financial debts | 170/4 | €16,125 | €259,242 | +€243,117 | +1,508% |
| Amounts payable within one year | 42/48 | €107,979 | €286,826 | +€178,847 | +166% |
| Current portion of amounts payable after more than one year | 42 | €6,422 | €15,895 | +€9,473 | +148% |
| Trade debts | 44 | €30,817 | €9,540 | -€21,276 | -69.0% |
| Suppliers | 440/4 | €30,817 | €9,540 | -€21,276 | -69.0% |
| Taxes, remuneration and social security | 45 | €2,060 | €3,390 | +€1,330 | +64.5% |
| Taxes | 450/3 | €2,060 | €3,129 | +€1,068 | +51.8% |
| Remuneration and social security | 454/9 | - | €262 | +€262 | |
| Other amounts payable | 47/48 | €68,680 | €258,001 | +€189,321 | +276% |
| Remuneration, social security and pensions | 62 | - | €15,274 | +€15,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,227 | €11,769 | +€1,542 | +15.1% |
| Other operating charges | 640/8 | €3,423 | €3,969 | +€546 | +16.0% |
| Gross operating margin | 9900 | €85,356 | €19,767 | -€65,589 | -76.8% |
| Operating profit (loss) | 9901 | €71,706 | -€11,245 | -€82,952 | |
| Financial income | 75/76B | €152 | €1,841 | +€1,689 | +1,112% |
| Recurring financial income | 75 | €152 | €1,841 | +€1,689 | +1,112% |
| Financial charges | 65/66B | €7,099 | €15,439 | +€8,339 | +117% |
| Recurring financial charges | 65 | €7,099 | €15,439 | +€8,339 | +117% |
| Profit (loss) for the period before taxes | 9903 | €64,759 | -€24,843 | -€89,602 | |
| Income taxes | 67/77 | €13,520 | - | -€13,520 | |
| Profit (loss) for the period | 9904 | €51,239 | -€24,843 | -€76,082 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,239 | -€24,843 | -€76,082 |
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 4 November 2026 via checked.be.