ESCOBEL: 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
ESCOBEL
NACE 66.300, Activities auxiliary to financial services and insurance activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€10,755
2024 · €99,764-€89,009
Equity
€599,258
2024 · €588,503+€10,755
Cash
€17,170
2024 · €123,679-€106,508
Balance sheet total
€5.8m
2024 · €6.2m-€380,377
Largest movements
Assets
- Tangible fixed assets -€281,831
down €281,831 (-7.3%), from €3.9m to €3.6m
of which Land and buildings: -€155,007
- Cash -€106,508
down €106,508 (-86.1%), from €123,679 to €17,170
mainly Debts after one year (-€325,273) and Other debts (-€61,329)
Equity and liabilities
- Debts after one year -€325,273
down €325,273 (-16.6%), from €2.0m to €1.6m
Income statement
- Gross operating margin -€107,318
down €107,318 (-22.4%), from €479,805 to €372,487
- Depreciation -€15,230
down €15,230 (-5.1%), from €297,062 to €281,831
- Taxes -€10,427
down €10,427 (-19.4%), from €53,725 to €43,298
- Financial charges +€8,276
up €8,276 (+16.1%), from €51,310 to €59,586
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
€99,764
Gross operating margin
-€107,318
Depreciation
+€15,230
Other operating charges
+€1,139
Financial income
-€211
Financial charges
-€8,276
Taxes
+€10,427
Result 2025
€10,755
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
+€152,856
Investment
€0
Financing
-€259,365
Cash 2024
€123,679
From operations (derived)
+€152,856
Net result for the year
+€10,755
Depreciation
+€281,831
Receivables within one year
-€3,739
Deferred charges and accrued income
-€4,224
Provisions
-€24,211
Trade debts
-€14,570
Tax, wage and social debts
-€37,453
Other debts
-€61,329
Accrued charges and deferred income
+€5,796
Financing
-€259,365
Debts after one year
-€325,273
Current portion of long-term debt
+€3,771
Short-term financial debts
+€62,137
Cash 2025
€17,170
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,229,447 | €5,849,070 | -€380,377 | -6.1% |
| Fixed assets | 21/28 | €6,062,872 | €5,781,041 | -€281,831 | -4.6% |
| Tangible fixed assets | 22/27 | €3,862,872 | €3,581,041 | -€281,831 | -7.3% |
| Land and buildings | 22 | €2,703,644 | €2,548,637 | -€155,007 | -5.7% |
| Plant, machinery and equipment | 23 | €2,869 | €2,151 | -€718 | -25.0% |
| Furniture and vehicles | 24 | €130 | €0 | -€130 | -100% |
| Leasing and similar rights | 25 | €1,111,097 | €986,656 | -€124,440 | -11.2% |
| Other tangible fixed assets | 26 | €45,132 | €43,596 | -€1,537 | -3.4% |
| Financial fixed assets | 28 | €2,200,000 | €2,200,000 | = | 0.0% |
| Current assets | 29/58 | €166,575 | €68,029 | -€98,545 | -59.2% |
| Amounts receivable within one year | 40/41 | €31,200 | €34,939 | +€3,739 | +12.0% |
| Trade receivables | 40 | €3,630 | €34,939 | +€31,309 | +863% |
| Other amounts receivable | 41 | €27,570 | €0 | -€27,570 | -100% |
| Cash at bank and in hand | 54/58 | €123,679 | €17,170 | -€106,508 | -86.1% |
| Deferred charges and accrued income | 490/1 | €11,696 | €15,920 | +€4,224 | +36.1% |
| Total equity and liabilities | 10/49 | €6,229,447 | €5,849,070 | -€380,377 | -6.1% |
| Equity | 10/15 | €588,503 | €599,258 | +€10,755 | +1.8% |
| Contributions | 10/11 | €59,321 | €59,321 | = | 0.0% |
| Reserves | 13 | €710,105 | €710,105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,804 | €85,804 | = | 0.0% |
| Reserves not available under the articles | 1311 | €85,804 | - | -€85,804 | |
| Other | 1319 | - | €85,804 | +€85,804 | |
| Tax-exempt reserves | 132 | €624,301 | €624,301 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€180,923 | -€170,168 | +€10,755 | +5.9% |
| Provisions and deferred taxes | 16 | €424,217 | €400,006 | -€24,211 | -5.7% |
| Deferred taxes | 168 | €424,217 | €400,006 | -€24,211 | -5.7% |
| Amounts payable | 17/49 | €5,216,728 | €4,849,806 | -€366,921 | -7.0% |
| Amounts payable after more than one year | 17 | €1,965,333 | €1,640,060 | -€325,273 | -16.6% |
| Financial debts | 170/4 | €1,965,333 | €1,640,060 | -€325,273 | -16.6% |
| Amounts payable within one year | 42/48 | €3,251,224 | €3,203,781 | -€47,444 | -1.5% |
| Current portion of amounts payable after more than one year | 42 | €302,617 | €306,388 | +€3,771 | +1.2% |
| Financial debts | 43 | - | €62,137 | +€62,137 | |
| Credit institutions | 430/8 | - | €62,137 | +€62,137 | |
| Trade debts | 44 | €22,333 | €7,764 | -€14,570 | -65.2% |
| Suppliers | 440/4 | €22,333 | €7,764 | -€14,570 | -65.2% |
| Taxes, remuneration and social security | 45 | €67,652 | €30,199 | -€37,453 | -55.4% |
| Taxes | 450/3 | €67,652 | €30,199 | -€37,453 | -55.4% |
| Other amounts payable | 47/48 | €2,858,623 | €2,797,293 | -€61,329 | -2.1% |
| Accrued charges and deferred income | 492/3 | €170 | €5,966 | +€5,796 | +3,409% |
| Non-recurring operating income | 76A | €69,483 | €0 | -€69,483 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €297,062 | €281,831 | -€15,230 | -5.1% |
| Other operating charges | 640/8 | €2,381 | €1,243 | -€1,139 | -47.8% |
| Gross operating margin | 9900 | €479,805 | €372,487 | -€107,318 | -22.4% |
| Operating profit (loss) | 9901 | €180,362 | €89,413 | -€90,948 | -50.4% |
| Financial income | 75/76B | €226 | €15 | -€211 | -93.4% |
| Recurring financial income | 75 | €226 | €15 | -€211 | -93.4% |
| Financial charges | 65/66B | €51,310 | €59,586 | +€8,276 | +16.1% |
| Recurring financial charges | 65 | €51,310 | €59,586 | +€8,276 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €129,278 | €29,842 | -€99,436 | -76.9% |
| Transfer from deferred taxes | 780 | €24,210 | €24,211 | +€0 | 0.0% |
| Income taxes | 67/77 | €53,725 | €43,298 | -€10,427 | -19.4% |
| Profit (loss) for the period | 9904 | €99,764 | €10,755 | -€89,009 | -89.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,764 | €10,755 | -€89,009 | -89.2% |
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 21 October 2026 via checked.be.