EE ESTELLE: 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.
EE ESTELLE
Largest movements
- Stocks and contracts -€4,873
down €4,873 (-20.0%), from €24,411 to €19,539
- Cash -€4,672
down €4,672 (-88.6%), from €5,276 to €604
mainly Net result for the year (-€10,108) and Accrued charges and deferred income (-€900)
- Tangible fixed assets -€1,061
down €1,061 (-55.4%), from €1,915 to €855
- Profit (loss) carried forward -€10,108
down €10,108 (-12.0%), from -€84,415 to -€94,524
- Trade debts +€1,349
up €1,349 (+382%), from €354 to €1,703
- Accrued charges and deferred income -€900
no longer reported in 2025 (was €900)
- Other debts -€873
down €873 (-0.8%), from €111,299 to €110,426
- Gross operating margin -€23,897
down €23,897, from €15,403 to -€8,494
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 | €34,399 | €23,805 | -€10,594 | -30.8% |
| Fixed assets | 21/28 | €1,915 | €855 | -€1,061 | -55.4% |
| Tangible fixed assets | 22/27 | €1,915 | €855 | -€1,061 | -55.4% |
| Plant, machinery and equipment | 23 | €1,915 | €855 | -€1,061 | -55.4% |
| Current assets | 29/58 | €32,484 | €22,951 | -€9,533 | -29.3% |
| Stocks and contracts in progress | 3 | €24,411 | €19,539 | -€4,873 | -20.0% |
| Stocks | 30/36 | €24,411 | €19,539 | -€4,873 | -20.0% |
| Amounts receivable within one year | 40/41 | €2,796 | €2,808 | +€12 | +0.4% |
| Trade receivables | 40 | €2,592 | €2,592 | = | 0.0% |
| Other amounts receivable | 41 | €204 | €216 | +€12 | +5.9% |
| Cash at bank and in hand | 54/58 | €5,276 | €604 | -€4,672 | -88.6% |
| Total equity and liabilities | 10/49 | €34,399 | €23,805 | -€10,594 | -30.8% |
| Equity | 10/15 | -€78,215 | -€88,324 | -€10,108 | -12.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,415 | -€94,524 | -€10,108 | -12.0% |
| Amounts payable | 17/49 | €112,615 | €112,129 | -€486 | -0.4% |
| Amounts payable within one year | 42/48 | €111,715 | €112,129 | +€414 | +0.4% |
| Trade debts | 44 | €354 | €1,703 | +€1,349 | +382% |
| Suppliers | 440/4 | €354 | €1,703 | +€1,349 | +382% |
| Taxes, remuneration and social security | 45 | €62 | - | -€62 | |
| Taxes | 450/3 | €62 | - | -€62 | |
| Other amounts payable | 47/48 | €111,299 | €110,426 | -€873 | -0.8% |
| Accrued charges and deferred income | 492/3 | €900 | - | -€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145 | €1,061 | -€84 | -7.4% |
| Other operating charges | 640/8 | €384 | €449 | +€64 | +16.7% |
| Gross operating margin | 9900 | €15,403 | -€8,494 | -€23,897 | |
| Operating profit (loss) | 9901 | €13,874 | -€10,003 | -€23,877 | |
| Financial charges | 65/66B | €58 | €105 | +€47 | +79.6% |
| Recurring financial charges | 65 | €58 | €105 | +€47 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | €13,815 | -€10,108 | -€23,924 | |
| Profit (loss) for the period | 9904 | €13,815 | -€10,108 | -€23,924 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,815 | -€10,108 | -€23,924 |
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 13 October 2026 via checked.be.