Electrostar: 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.
Electrostar
Largest movements
- Tangible fixed assets -€4,803
down €4,803 (-54.3%), from €8,843 to €4,040
of which Furniture and vehicles: -€4,625
- Cash -€398
down €398 (-42.9%), from €928 to €530
mainly Net result for the year (-€5,990) and Current portion of long-term debt (-€4,698)
- Receivables within one year +€338
up €338 (+4.4%), from €7,635 to €7,973
of which Trade receivables: +€204
- Profit (loss) carried forward -€5,990
down €5,990 (-9.1%), from -€65,524 to -€71,513
- Other debts +€4,754
up €4,754 (+7.8%), from €61,202 to €65,956
- Current portion of long-term debt -€4,698
down €4,698 (-100.0%), from €4,698 to €0
- Trade debts +€1,071
up €1,071 (+9.3%), from €11,513 to €12,584
- Write-downs +€25,925
up €25,925, from -€25,925 to €0
- Other operating charges -€25,676
down €25,676 (-98.7%), from €26,025 to €349
- Gross operating margin -€6,825
down €6,825, from €6,188 to -€638
- Financial charges -€89
down €89 (-30.9%), from €290 to €200
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 | €17,406 | €12,543 | -€4,863 | -27.9% |
| Fixed assets | 21/28 | €8,843 | €4,040 | -€4,803 | -54.3% |
| Tangible fixed assets | 22/27 | €8,843 | €4,040 | -€4,803 | -54.3% |
| Furniture and vehicles | 24 | €7,563 | €2,938 | -€4,625 | -61.2% |
| Other tangible fixed assets | 26 | €1,280 | €1,103 | -€177 | -13.9% |
| Current assets | 29/58 | €8,563 | €8,503 | -€60 | -0.7% |
| Amounts receivable within one year | 40/41 | €7,635 | €7,973 | +€338 | +4.4% |
| Trade receivables | 40 | €7,635 | €7,839 | +€204 | +2.7% |
| Other amounts receivable | 41 | - | €134 | +€134 | |
| Cash at bank and in hand | 54/58 | €928 | €530 | -€398 | -42.9% |
| Total equity and liabilities | 10/49 | €17,406 | €12,543 | -€4,863 | -27.9% |
| Equity | 10/15 | -€62,524 | -€68,513 | -€5,990 | -9.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€65,524 | -€71,513 | -€5,990 | -9.1% |
| Amounts payable | 17/49 | €79,930 | €81,056 | +€1,127 | +1.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €79,930 | €81,056 | +€1,127 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €4,698 | €0 | -€4,698 | -100.0% |
| Trade debts | 44 | €11,513 | €12,584 | +€1,071 | +9.3% |
| Suppliers | 440/4 | €11,513 | €12,584 | +€1,071 | +9.3% |
| Advances received on contracts in progress | 46 | €1,557 | €1,557 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €960 | €960 | = | 0.0% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €960 | €960 | = | 0.0% |
| Other amounts payable | 47/48 | €61,202 | €65,956 | +€4,754 | +7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,803 | €4,803 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€25,925 | €0 | +€25,925 | |
| Other operating charges | 640/8 | €26,025 | €349 | -€25,676 | -98.7% |
| Gross operating margin | 9900 | €6,188 | -€638 | -€6,825 | |
| Operating profit (loss) | 9901 | €1,285 | -€5,789 | -€7,074 | |
| Financial charges | 65/66B | €290 | €200 | -€89 | -30.9% |
| Recurring financial charges | 65 | €290 | €200 | -€89 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €995 | -€5,990 | -€6,985 | |
| Profit (loss) for the period | 9904 | €995 | -€5,990 | -€6,985 | |
| Profit (loss) for the period to be appropriated | 9905 | €995 | -€5,990 | -€6,985 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.