ESTAS: 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.
ESTAS
Largest movements
- Cash +€45,177
up €45,177 (+22.7%), from €199,312 to €244,490
mainly Net result for the year (+€27,409) and Depreciation (+€14,223)
- Receivables within one year -€12,930
down €12,930 (-40.0%), from €32,325 to €19,395
- Tangible fixed assets -€12,277
down €12,277 (-38.5%), from €31,894 to €19,618
- Reserves +€27,409
up €27,409 (+13.1%), from €208,901 to €236,311
of which Distributable reserves: +€27,409
- Debts after one year -€11,920
down €11,920 (-79.9%), from €14,923 to €3,003
- Trade debts +€3,722
up €3,722 (+211.5%), from €1,760 to €5,482
- Gross operating margin -€6,717
down €6,717 (-10.0%), from €67,053 to €60,336
- Financial charges +€6,043
up €6,043 (+1125.2%), from €537 to €6,581
- Taxes -€3,268
down €3,268 (-22.3%), from €14,670 to €11,402
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 | €264,051 | €284,039 | +€19,989 | +7.6% |
| Fixed assets | 21/28 | €31,894 | €19,618 | -€12,277 | -38.5% |
| Tangible fixed assets | 22/27 | €31,894 | €19,618 | -€12,277 | -38.5% |
| Furniture and vehicles | 24 | €31,894 | €19,618 | -€12,277 | -38.5% |
| Current assets | 29/58 | €232,157 | €264,422 | +€32,265 | +13.9% |
| Amounts receivable within one year | 40/41 | €32,325 | €19,395 | -€12,930 | -40.0% |
| Trade receivables | 40 | €32,325 | €19,395 | -€12,930 | -40.0% |
| Cash at bank and in hand | 54/58 | €199,312 | €244,490 | +€45,177 | +22.7% |
| Deferred charges and accrued income | 490/1 | €519 | €537 | +€18 | +3.5% |
| Total equity and liabilities | 10/49 | €264,051 | €284,039 | +€19,989 | +7.6% |
| Equity | 10/15 | €221,301 | €248,711 | +€27,409 | +12.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €208,901 | €236,311 | +€27,409 | +13.1% |
| Tax-exempt reserves | 132 | €18,000 | €18,000 | = | 0.0% |
| Distributable reserves | 133 | €190,901 | €218,311 | +€27,409 | +14.4% |
| Amounts payable | 17/49 | €42,749 | €35,329 | -€7,421 | -17.4% |
| Amounts payable after more than one year | 17 | €14,923 | €3,003 | -€11,920 | -79.9% |
| Financial debts | 170/4 | €14,923 | €3,003 | -€11,920 | -79.9% |
| Amounts payable within one year | 42/48 | €27,376 | €32,325 | +€4,949 | +18.1% |
| Current portion of amounts payable after more than one year | 42 | €11,772 | €11,920 | +€148 | +1.3% |
| Trade debts | 44 | €1,760 | €5,482 | +€3,722 | +211.5% |
| Suppliers | 440/4 | €1,760 | €5,482 | +€3,722 | +211.5% |
| Taxes, remuneration and social security | 45 | €13,844 | €14,923 | +€1,079 | +7.8% |
| Taxes | 450/3 | €10,045 | €14,070 | +€4,025 | +40.1% |
| Remuneration and social security | 454/9 | €3,799 | €853 | -€2,946 | -77.5% |
| Accrued charges and deferred income | 492/3 | €450 | - | -€450 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,204 | €14,223 | +€19 | +0.1% |
| Other operating charges | 640/8 | €830 | €722 | -€109 | -13.1% |
| Gross operating margin | 9900 | €67,053 | €60,336 | -€6,717 | -10.0% |
| Operating profit (loss) | 9901 | €52,019 | €45,392 | -€6,627 | -12.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €537 | €6,581 | +€6,043 | +1125.2% |
| Recurring financial charges | 65 | €537 | €6,581 | +€6,043 | +1125.2% |
| Profit (loss) for the period before taxes | 9903 | €51,492 | €38,811 | -€12,680 | -24.6% |
| Income taxes | 67/77 | €14,670 | €11,402 | -€3,268 | -22.3% |
| Profit (loss) for the period | 9904 | €36,821 | €27,409 | -€9,412 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,821 | €27,409 | -€9,412 | -25.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.