EE Estinnes: 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 Estinnes
Largest movements
- Receivables within one year +€166,643
up €166,643 (+1,608%), from €10,365 to €177,007
of which Trade receivables: +€165,000
- Tangible fixed assets -€35,478
no longer reported in 2025 (was €35,478)
- Cash +€1,834
up €1,834 (+450%), from €408 to €2,242
mainly Net result for the year (+€87,829) and Investment in fixed assets (net) (+€35,478)
- Profit (loss) carried forward +€87,829
up €87,829, from -€5,161 to €82,669
- Tax, wage and social debts +€27,623
new in 2025: €27,623
- Trade debts +€10,121
up €10,121 (+22.4%), from €45,194 to €55,315
- Other debts +€7,700
up €7,700 (+164%), from €4,687 to €12,387
- Gross operating margin +€119,523
up €119,523, from -€3,826 to €115,697
- Taxes +€27,623
new in 2025: €27,623
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 | €46,362 | €179,447 | +€133,086 | +287% |
| Fixed assets | 21/28 | €35,478 | - | -€35,478 | |
| Tangible fixed assets | 22/27 | €35,478 | - | -€35,478 | |
| Assets under construction and advance payments | 27 | €35,478 | - | -€35,478 | |
| Current assets | 29/58 | €10,884 | €179,447 | +€168,564 | +1,549% |
| Amounts receivable within one year | 40/41 | €10,365 | €177,007 | +€166,643 | +1,608% |
| Trade receivables | 40 | €8,152 | €173,152 | +€165,000 | +2,024% |
| Other amounts receivable | 41 | €2,213 | €3,855 | +€1,643 | +74.2% |
| Cash at bank and in hand | 54/58 | €408 | €2,242 | +€1,834 | +450% |
| Deferred charges and accrued income | 490/1 | €111 | €199 | +€87 | +78.3% |
| Total equity and liabilities | 10/49 | €46,362 | €179,447 | +€133,086 | +287% |
| Equity | 10/15 | -€4,161 | €83,669 | +€87,829 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,161 | €82,669 | +€87,829 | |
| Amounts payable | 17/49 | €50,522 | €95,779 | +€45,256 | +89.6% |
| Amounts payable within one year | 42/48 | €49,880 | €95,325 | +€45,444 | +91.1% |
| Trade debts | 44 | €45,194 | €55,315 | +€10,121 | +22.4% |
| Suppliers | 440/4 | €45,194 | €55,315 | +€10,121 | +22.4% |
| Taxes, remuneration and social security | 45 | - | €27,623 | +€27,623 | |
| Taxes | 450/3 | - | €27,623 | +€27,623 | |
| Other amounts payable | 47/48 | €4,687 | €12,387 | +€7,700 | +164% |
| Accrued charges and deferred income | 492/3 | €642 | €454 | -€188 | -29.2% |
| Other operating charges | 640/8 | €548 | - | -€548 | |
| Gross operating margin | 9900 | -€3,826 | €115,697 | +€119,523 | |
| Operating profit (loss) | 9901 | -€4,373 | €115,697 | +€120,070 | |
| Financial income | 75/76B | €111 | €87 | -€24 | -21.7% |
| Recurring financial income | 75 | €111 | €87 | -€24 | -21.7% |
| Financial charges | 65/66B | €899 | €332 | -€567 | -63.1% |
| Recurring financial charges | 65 | €899 | €332 | -€567 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,161 | €115,452 | +€120,613 | |
| Income taxes | 67/77 | - | €27,623 | +€27,623 | |
| Profit (loss) for the period | 9904 | -€5,161 | €87,829 | +€92,990 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,161 | €87,829 | +€92,990 |
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 16 October 2026 via checked.be.