E-ST: 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.
E-ST
Largest movements
- Receivables within one year -€4,583
down €4,583 (-31.6%), from €14,493 to €9,910
of which Trade receivables: -€2,943
- Cash +€2,154
up €2,154 (+97.8%), from €2,202 to €4,356
mainly Trade debts (+€4,641) and Receivables within one year (+€4,583)
- Deferred charges and accrued income -€490
down €490 (-28.3%), from €1,732 to €1,242
- Profit (loss) carried forward -€7,724
down €7,724, from €5,402 to -€2,322
- Trade debts +€4,641
up €4,641 (+197%), from €2,359 to €7,000
- Accrued charges and deferred income +€2,043
up €2,043 (+45,696%), from €4 to €2,047
- Tax, wage and social debts -€1,045
down €1,045 (-15.3%), from €6,828 to €5,783
of which Remuneration and social security: -€602
- Other debts -€833
no longer reported in 2025 (was €833)
- Other operating charges -€559
down €559 (-54.7%), from €1,022 to €463
- Gross operating margin +€526
up €526 (+9.7%), from -€5,412 to -€4,886
- Financial charges +€201
up €201 (+8.8%), from €2,282 to €2,484
- Financial income +€119
up €119 (+70.7%), from €169 to €288
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 | €18,427 | €15,508 | -€2,919 | -15.8% |
| Current assets | 29/58 | €18,427 | €15,508 | -€2,919 | -15.8% |
| Amounts receivable within one year | 40/41 | €14,493 | €9,910 | -€4,583 | -31.6% |
| Trade receivables | 40 | €8,637 | €5,694 | -€2,943 | -34.1% |
| Other amounts receivable | 41 | €5,856 | €4,216 | -€1,640 | -28.0% |
| Cash at bank and in hand | 54/58 | €2,202 | €4,356 | +€2,154 | +97.8% |
| Deferred charges and accrued income | 490/1 | €1,732 | €1,242 | -€490 | -28.3% |
| Total equity and liabilities | 10/49 | €18,427 | €15,508 | -€2,919 | -15.8% |
| Equity | 10/15 | €8,402 | €678 | -€7,724 | -91.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,402 | -€2,322 | -€7,724 | |
| Amounts payable | 17/49 | €10,024 | €14,830 | +€4,806 | +47.9% |
| Amounts payable within one year | 42/48 | €10,020 | €12,783 | +€2,763 | +27.6% |
| Trade debts | 44 | €2,359 | €7,000 | +€4,641 | +197% |
| Suppliers | 440/4 | €2,359 | €7,000 | +€4,641 | +197% |
| Taxes, remuneration and social security | 45 | €6,828 | €5,783 | -€1,045 | -15.3% |
| Taxes | 450/3 | €6,226 | €5,783 | -€443 | -7.1% |
| Remuneration and social security | 454/9 | €602 | - | -€602 | |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | €4 | €2,047 | +€2,043 | +45,696% |
| Other operating charges | 640/8 | €1,022 | €463 | -€559 | -54.7% |
| Gross operating margin | 9900 | -€5,412 | -€4,886 | +€526 | +9.7% |
| Operating profit (loss) | 9901 | -€6,434 | -€5,349 | +€1,085 | +16.9% |
| Financial income | 75/76B | €169 | €288 | +€119 | +70.7% |
| Recurring financial income | 75 | €169 | €288 | +€119 | +70.7% |
| Financial charges | 65/66B | €2,282 | €2,484 | +€201 | +8.8% |
| Recurring financial charges | 65 | €2,282 | €2,484 | +€201 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,548 | -€7,545 | +€1,003 | +11.7% |
| Income taxes | 67/77 | €196 | €180 | -€16 | -8.0% |
| Profit (loss) for the period | 9904 | -€8,743 | -€7,724 | +€1,019 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,743 | -€7,724 | +€1,019 | +11.7% |
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 14 October 2026 via checked.be.