EST'ELLE: 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.
EST'ELLE
Largest movements
- Cash -€5,959
down €5,959 (-20.4%), from €29,140 to €23,181
mainly Net result for the year (-€11,449) and Investment in fixed assets (net) (-€1,540)
- Stocks and contracts -€2,143
down €2,143 (-7.6%), from €28,144 to €26,000
- Tangible fixed assets +€1,216
up €1,216 (+435%), from €279 to €1,495
of which Furniture and vehicles: +€1,495
- Profit (loss) carried forward -€11,449
down €11,449 (-144%), from -€7,936 to -€19,385
- Other debts +€4,551
up €4,551 (+60.6%), from €7,511 to €12,062
- Tax, wage and social debts +€765
up €765 (+28.2%), from €2,709 to €3,474
- Financial charges +€3,217
up €3,217 (+290%), from €1,110 to €4,326
- Gross operating margin +€2,784
up €2,784 (+30.3%), from -€9,197 to -€6,413
- Staff costs -€1,154
down €1,154 (-95.9%), from €1,203 to €50
- Depreciation -€711
down €711 (-68.7%), from €1,036 to €324
- Other operating charges -€693
down €693 (-37.9%), from €1,825 to €1,132
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 | €61,826 | €55,382 | -€6,443 | -10.4% |
| Fixed assets | 21/28 | €1,217 | €2,433 | +€1,216 | +99.9% |
| Tangible fixed assets | 22/27 | €279 | €1,495 | +€1,216 | +435% |
| Furniture and vehicles | 24 | - | €1,495 | +€1,495 | |
| Other tangible fixed assets | 26 | €279 | €0 | -€279 | -100.0% |
| Financial fixed assets | 28 | €938 | €938 | = | 0.0% |
| Current assets | 29/58 | €60,609 | €52,950 | -€7,659 | -12.6% |
| Stocks and contracts in progress | 3 | €28,144 | €26,000 | -€2,143 | -7.6% |
| Stocks | 30/36 | €28,144 | €26,000 | -€2,143 | -7.6% |
| Amounts receivable within one year | 40/41 | €2,667 | €3,104 | +€437 | +16.4% |
| Trade receivables | 40 | €162 | €94 | -€68 | -41.8% |
| Other amounts receivable | 41 | €2,505 | €3,009 | +€504 | +20.1% |
| Cash at bank and in hand | 54/58 | €29,140 | €23,181 | -€5,959 | -20.4% |
| Deferred charges and accrued income | 490/1 | €658 | €665 | +€7 | +1.0% |
| Total equity and liabilities | 10/49 | €61,826 | €55,382 | -€6,443 | -10.4% |
| Equity | 10/15 | €47,954 | €36,505 | -€11,449 | -23.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €43,490 | €43,490 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | €41,630 | €43,490 | +€1,860 | +4.5% |
| Profit (loss) carried forward | 14 | -€7,936 | -€19,385 | -€11,449 | -144% |
| Amounts payable | 17/49 | €13,871 | €18,877 | +€5,006 | +36.1% |
| Amounts payable within one year | 42/48 | €13,285 | €18,877 | +€5,593 | +42.1% |
| Financial debts | 43 | - | €29 | +€29 | |
| Credit institutions | 430/8 | - | €29 | +€29 | |
| Trade debts | 44 | €3,064 | €3,313 | +€249 | +8.1% |
| Suppliers | 440/4 | €3,064 | €3,313 | +€249 | +8.1% |
| Taxes, remuneration and social security | 45 | €2,709 | €3,474 | +€765 | +28.2% |
| Taxes | 450/3 | €2,709 | €3,474 | +€765 | +28.2% |
| Other amounts payable | 47/48 | €7,511 | €12,062 | +€4,551 | +60.6% |
| Accrued charges and deferred income | 492/3 | €587 | €0 | -€587 | -100% |
| Remuneration, social security and pensions | 62 | €1,203 | €50 | -€1,154 | -95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,036 | €324 | -€711 | -68.7% |
| Other operating charges | 640/8 | €1,825 | €1,132 | -€693 | -37.9% |
| Gross operating margin | 9900 | -€9,197 | -€6,413 | +€2,784 | +30.3% |
| Operating profit (loss) | 9901 | -€13,261 | -€7,919 | +€5,341 | +40.3% |
| Financial income | 75/76B | €1,142 | €978 | -€164 | -14.3% |
| Recurring financial income | 75 | €1,142 | €978 | -€164 | -14.3% |
| Financial charges | 65/66B | €1,110 | €4,326 | +€3,217 | +290% |
| Recurring financial charges | 65 | €1,110 | €4,326 | +€3,217 | +290% |
| Profit (loss) for the period before taxes | 9903 | -€13,229 | -€11,268 | +€1,961 | +14.8% |
| Income taxes | 67/77 | €147 | €181 | +€35 | +23.5% |
| Profit (loss) for the period | 9904 | -€13,375 | -€11,449 | +€1,926 | +14.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,375 | -€11,449 | +€1,926 | +14.4% |
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 24 October 2026 via checked.be.