Estark: 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.
Estark
Largest movements
- Cash -€80,106
down €80,106 (-89.4%), from €89,642 to €9,536
mainly Contributions, distributions and other (-€104,996) and Trade debts (-€17,373)
- Receivables within one year -€16,668
down €16,668 (-50.6%), from €32,973 to €16,305
of which Trade receivables: -€17,901
- Reserves -€88,952
down €88,952 (-100%), from €88,952 to €0
- Trade debts -€17,373
down €17,373 (-97.4%), from €17,833 to €460
- Other debts +€16,166
up €16,166 (+16,240%), from €100 to €16,266
- Tax, wage and social debts -€6,368
down €6,368 (-31.7%), from €20,088 to €13,720
- Gross operating margin -€11,456
down €11,456 (-33.3%), from €34,404 to €22,948
- Taxes -€2,078
down €2,078 (-30.4%), from €6,846 to €4,768
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 | €131,973 | €35,446 | -€96,527 | -73.1% |
| Fixed assets | 21/28 | €3,999 | €3,080 | -€919 | -23.0% |
| Tangible fixed assets | 22/27 | €3,459 | €3,080 | -€379 | -11.0% |
| Plant, machinery and equipment | 23 | €715 | €1,060 | +€345 | +48.2% |
| Furniture and vehicles | 24 | €2,745 | €2,020 | -€724 | -26.4% |
| Financial fixed assets | 28 | €540 | €0 | -€540 | -100% |
| Current assets | 29/58 | €127,973 | €32,366 | -€95,608 | -74.7% |
| Stocks and contracts in progress | 3 | €5,359 | €6,344 | +€986 | +18.4% |
| Stocks | 30/36 | €5,359 | €6,344 | +€986 | +18.4% |
| Amounts receivable within one year | 40/41 | €32,973 | €16,305 | -€16,668 | -50.6% |
| Trade receivables | 40 | €32,973 | €15,072 | -€17,901 | -54.3% |
| Other amounts receivable | 41 | - | €1,232 | +€1,232 | |
| Cash at bank and in hand | 54/58 | €89,642 | €9,536 | -€80,106 | -89.4% |
| Deferred charges and accrued income | 490/1 | €0 | €181 | +€181 | |
| Total equity and liabilities | 10/49 | €131,973 | €35,446 | -€96,527 | -73.1% |
| Equity | 10/15 | €93,952 | €5,000 | -€88,952 | -94.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €88,952 | €0 | -€88,952 | -100% |
| Distributable reserves | 133 | €88,952 | €0 | -€88,952 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €38,020 | €30,446 | -€7,575 | -19.9% |
| Amounts payable within one year | 42/48 | €38,020 | €30,446 | -€7,575 | -19.9% |
| Trade debts | 44 | €17,833 | €460 | -€17,373 | -97.4% |
| Suppliers | 440/4 | €17,833 | €460 | -€17,373 | -97.4% |
| Taxes, remuneration and social security | 45 | €20,088 | €13,720 | -€6,368 | -31.7% |
| Taxes | 450/3 | €20,088 | €13,720 | -€6,368 | -31.7% |
| Other amounts payable | 47/48 | €100 | €16,266 | +€16,166 | +16,240% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,723 | €1,457 | -€266 | -15.4% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | €34,404 | €22,948 | -€11,456 | -33.3% |
| Operating profit (loss) | 9901 | €32,090 | €20,881 | -€11,208 | -34.9% |
| Financial income | 75/76B | €1 | €6 | +€5 | +843% |
| Recurring financial income | 75 | €1 | €6 | +€5 | +843% |
| Financial charges | 65/66B | €69 | €76 | +€7 | +9.6% |
| Recurring financial charges | 65 | €69 | €76 | +€7 | +9.6% |
| Profit (loss) for the period before taxes | 9903 | €32,021 | €20,812 | -€11,209 | -35.0% |
| Income taxes | 67/77 | €6,846 | €4,768 | -€2,078 | -30.4% |
| Profit (loss) for the period | 9904 | €25,175 | €16,044 | -€9,131 | -36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €25,175 | €16,044 | -€9,131 | -36.3% |
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 25 October 2026 via checked.be.