EST8=4EVIE: 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.
EST8=4EVIE
Largest movements
- Receivables within one year +€299,464
up €299,464 (+91.0%), from €329,239 to €628,702
of which Trade receivables: +€234,641
- Cash +€97,200
up €97,200 (+61.9%), from €156,965 to €254,166
mainly Net result for the year (+€366,957) and Trade debts (+€41,039)
- Financial fixed assets +€9,112
up €9,112, from €0 to €9,112
- Reserves +€366,957
up €366,957 (+96.0%), from €382,371 to €749,328
- Trade debts +€41,039
up €41,039 (+8,749%), from €469 to €41,508
- Gross operating margin +€106,893
up €106,893 (+24.6%), from €433,955 to €540,848
- Financial income -€89,565
down €89,565 (-97.7%), from €91,696 to €2,132
- Taxes +€34,681
up €34,681 (+25.0%), from €138,830 to €173,510
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 | €487,165 | €894,666 | +€407,500 | +83.6% |
| Fixed assets | 21/28 | €0 | €10,647 | +€10,647 | |
| Tangible fixed assets | 22/27 | - | €1,535 | +€1,535 | |
| Furniture and vehicles | 24 | - | €1,535 | +€1,535 | |
| Financial fixed assets | 28 | €0 | €9,112 | +€9,112 | |
| Current assets | 29/58 | €487,165 | €884,019 | +€396,853 | +81.5% |
| Amounts receivable within one year | 40/41 | €329,239 | €628,702 | +€299,464 | +91.0% |
| Trade receivables | 40 | €302,342 | €536,982 | +€234,641 | +77.6% |
| Other amounts receivable | 41 | €26,897 | €91,720 | +€64,823 | +241% |
| Cash at bank and in hand | 54/58 | €156,965 | €254,166 | +€97,200 | +61.9% |
| Deferred charges and accrued income | 490/1 | €961 | €1,151 | +€189 | +19.7% |
| Total equity and liabilities | 10/49 | €487,165 | €894,666 | +€407,500 | +83.6% |
| Equity | 10/15 | €411,557 | €778,514 | +€366,957 | +89.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €382,371 | €749,328 | +€366,957 | +96.0% |
| Distributable reserves | 133 | €382,371 | €749,328 | +€366,957 | +96.0% |
| Profit (loss) carried forward | 14 | €10,594 | €10,594 | = | 0.0% |
| Amounts payable | 17/49 | €75,609 | €116,152 | +€40,543 | +53.6% |
| Amounts payable within one year | 42/48 | €75,609 | €116,152 | +€40,543 | +53.6% |
| Financial debts | 43 | - | €347 | +€347 | |
| Credit institutions | 430/8 | - | €347 | +€347 | |
| Trade debts | 44 | €469 | €41,508 | +€41,039 | +8,749% |
| Suppliers | 440/4 | €469 | €41,508 | +€41,039 | +8,749% |
| Taxes, remuneration and social security | 45 | €75,140 | €74,297 | -€843 | -1.1% |
| Taxes | 450/3 | €75,140 | €74,297 | -€843 | -1.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €739 | +€739 | |
| Other operating charges | 640/8 | €1,357 | €490 | -€868 | -63.9% |
| Gross operating margin | 9900 | €433,955 | €540,848 | +€106,893 | +24.6% |
| Operating profit (loss) | 9901 | €432,598 | €539,619 | +€107,021 | +24.7% |
| Financial income | 75/76B | €91,696 | €2,132 | -€89,565 | -97.7% |
| Recurring financial income | 75 | €91,696 | €2,132 | -€89,565 | -97.7% |
| Financial charges | 65/66B | €3,093 | €1,283 | -€1,810 | -58.5% |
| Recurring financial charges | 65 | €3,093 | €1,283 | -€1,810 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €521,201 | €540,467 | +€19,266 | +3.7% |
| Income taxes | 67/77 | €138,830 | €173,510 | +€34,681 | +25.0% |
| Profit (loss) for the period | 9904 | €382,371 | €366,957 | -€15,414 | -4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €382,371 | €366,957 | -€15,414 | -4.0% |
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 23 October 2026 via checked.be.