E-STER: what changed
Two fiscal 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-STER
Largest movements
- Receivables within one year +€6,354
up €6,354 (+22.9%), from €27,746 to €34,100
of which Other amounts receivable: +€10,926
- Tangible fixed assets +€1,677
up €1,677 (+647.6%), from €259 to €1,936
of which Furniture and vehicles: +€865
- Trade debts +€2,990
up €2,990 (+9153.5%), from €33 to €3,023
- Tax, wage and social debts +€2,470
up €2,470 (+128.7%), from €1,918 to €4,388
- Reserves +€2,035
up €2,035 (+3.3%), from €61,638 to €63,673
of which Distributable reserves: +€3,895
- Gross operating margin -€38,224
down €38,224 (-92.1%), from €41,523 to €3,299
- Taxes -€8,014
down €8,014 (-84.8%), from €9,448 to €1,434
- Financial charges -€5,949
down €5,949 (-97.1%), from €6,126 to €177
- Depreciation -€1,407
down €1,407 (-86.2%), from €1,632 to €224
- Financial income +€850
up €850 (+269.3%), from €316 to €1,166
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.
Cash bridge derived
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 | €82,189 | €89,685 | +€7,495 | +9.1% |
| Fixed assets | 21/28 | €259 | €1,936 | +€1,677 | +647.6% |
| Tangible fixed assets | 22/27 | €259 | €1,936 | +€1,677 | +647.6% |
| Plant, machinery and equipment | 23 | €0 | €812 | +€812 | |
| Furniture and vehicles | 24 | €259 | €1,124 | +€865 | +334.0% |
| Current assets | 29/58 | €81,930 | €87,748 | +€5,818 | +7.1% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €27,746 | €34,100 | +€6,354 | +22.9% |
| Trade receivables | 40 | €17,553 | €12,981 | -€4,572 | -26.0% |
| Other amounts receivable | 41 | €10,193 | €21,119 | +€10,926 | +107.2% |
| Cash at bank and in hand | 54/58 | €54,185 | €53,649 | -€536 | -1.0% |
| Total equity and liabilities | 10/49 | €82,189 | €89,685 | +€7,495 | +9.1% |
| Equity | 10/15 | €80,238 | €82,273 | +€2,035 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,638 | €63,673 | +€2,035 | +3.3% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €59,778 | €63,673 | +€3,895 | +6.5% |
| Amounts payable | 17/49 | €1,951 | €7,412 | +€5,460 | +279.9% |
| Amounts payable within one year | 42/48 | €1,951 | €7,412 | +€5,460 | +279.9% |
| Trade debts | 44 | €33 | €3,023 | +€2,990 | +9153.5% |
| Suppliers | 440/4 | €33 | €3,023 | +€2,990 | +9153.5% |
| Taxes, remuneration and social security | 45 | €1,918 | €4,388 | +€2,470 | +128.7% |
| Taxes | 450/3 | €1,918 | €4,388 | +€2,470 | +128.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,632 | €224 | -€1,407 | -86.2% |
| Other operating charges | 640/8 | €801 | €595 | -€206 | -25.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €41,523 | €3,299 | -€38,224 | -92.1% |
| Operating profit (loss) | 9901 | €39,091 | €2,480 | -€36,611 | -93.7% |
| Financial income | 75/76B | €316 | €1,166 | +€850 | +269.3% |
| Recurring financial income | 75 | €316 | €1,166 | +€850 | +269.3% |
| Financial charges | 65/66B | €6,126 | €177 | -€5,949 | -97.1% |
| Recurring financial charges | 65 | €6,126 | €177 | -€5,949 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €33,281 | €3,469 | -€29,812 | -89.6% |
| Income taxes | 67/77 | €9,448 | €1,434 | -€8,014 | -84.8% |
| Profit (loss) for the period | 9904 | €23,832 | €2,035 | -€21,797 | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,832 | €2,035 | -€21,797 | -91.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.