Estaminé: 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.
Estaminé
Largest movements
- Cash +€12,787
up €12,787 (+210%), from €6,096 to €18,884
mainly Receivables within one year (+€12,625) and Depreciation (+€6,076)
- Receivables within one year -€12,625
down €12,625 (-29.6%), from €42,636 to €30,012
of which Trade receivables: -€12,625
- Deferred charges and accrued income -€5,490
down €5,490 (-26.3%), from €20,893 to €15,404
- Tangible fixed assets -€4,361
down €4,361 (-32.3%), from €13,506 to €9,145
of which Furniture and vehicles: -€4,091
- Profit (loss) carried forward -€16,688
down €16,688 (-18.3%), from -€90,958 to -€107,646
- Tax, wage and social debts +€5,443
up €5,443 (+172%), from €3,161 to €8,605
of which Taxes: +€5,443
- Other debts +€1,377
up €1,377 (+8.9%), from €15,391 to €16,768
- Gross operating margin +€74,750
up €74,750 (+93.8%), from -€79,649 to -€4,899
- Depreciation +€842
up €842 (+16.1%), from €5,234 to €6,076
- Other operating charges -€839
down €839 (-37.5%), from €2,236 to €1,397
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 | €84,433 | €74,196 | -€10,238 | -12.1% |
| Fixed assets | 21/28 | €14,807 | €9,897 | -€4,911 | -33.2% |
| Intangible fixed assets | 21 | €1,301 | €751 | -€550 | -42.3% |
| Tangible fixed assets | 22/27 | €13,506 | €9,145 | -€4,361 | -32.3% |
| Plant, machinery and equipment | 23 | €1,148 | €878 | -€270 | -23.5% |
| Furniture and vehicles | 24 | €12,359 | €8,267 | -€4,091 | -33.1% |
| Current assets | 29/58 | €69,626 | €64,299 | -€5,327 | -7.7% |
| Amounts receivable within one year | 40/41 | €42,636 | €30,012 | -€12,625 | -29.6% |
| Trade receivables | 40 | €42,636 | €30,012 | -€12,625 | -29.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €6,096 | €18,884 | +€12,787 | +210% |
| Deferred charges and accrued income | 490/1 | €20,893 | €15,404 | -€5,490 | -26.3% |
| Total equity and liabilities | 10/49 | €84,433 | €74,196 | -€10,238 | -12.1% |
| Equity | 10/15 | €48,798 | €32,110 | -€16,688 | -34.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €138,756 | €138,756 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €138,756 | €138,756 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,958 | -€107,646 | -€16,688 | -18.3% |
| Amounts payable | 17/49 | €35,635 | €42,086 | +€6,451 | +18.1% |
| Amounts payable within one year | 42/48 | €35,548 | €42,086 | +€6,538 | +18.4% |
| Trade debts | 44 | €16,727 | €16,713 | -€14 | -0.1% |
| Suppliers | 440/4 | €16,727 | €16,713 | -€14 | -0.1% |
| Advances received on contracts in progress | 46 | €269 | €0 | -€269 | -100% |
| Taxes, remuneration and social security | 45 | €3,161 | €8,605 | +€5,443 | +172% |
| Taxes | 450/3 | €3,161 | €8,605 | +€5,443 | +172% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €15,391 | €16,768 | +€1,377 | +8.9% |
| Accrued charges and deferred income | 492/3 | €87 | €0 | -€87 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,234 | €6,076 | +€842 | +16.1% |
| Other operating charges | 640/8 | €2,236 | €1,397 | -€839 | -37.5% |
| Gross operating margin | 9900 | -€79,649 | -€4,899 | +€74,750 | +93.8% |
| Operating profit (loss) | 9901 | -€87,118 | -€12,372 | +€74,746 | +85.8% |
| Financial income | 75/76B | €3 | €0 | -€3 | -92.3% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -92.3% |
| Financial charges | 65/66B | €3,620 | €4,028 | +€408 | +11.3% |
| Recurring financial charges | 65 | €3,620 | €4,028 | +€408 | +11.3% |
| Profit (loss) for the period before taxes | 9903 | -€90,735 | -€16,400 | +€74,335 | +81.9% |
| Income taxes | 67/77 | €223 | €288 | +€66 | +29.5% |
| Profit (loss) for the period | 9904 | -€90,958 | -€16,688 | +€74,270 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,958 | -€16,688 | +€74,270 | +81.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.