ESTC Engineering: 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.
ESTC Engineering
Largest movements
- Cash -€47,747
down €47,747 (-56.9%), from €83,850 to €36,104
mainly Net result for the year (-€26,281) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€12,400
up €12,400 (+56.1%), from €22,103 to €34,503
of which Trade receivables: +€12,400
- Receivables after one year -€10,000
down €10,000 (-13.4%), from €74,790 to €64,790
- Tangible fixed assets +€4,457
up €4,457 (+56.0%), from €7,963 to €12,420
of which Furniture and vehicles: +€4,548
- Profit (loss) carried forward -€26,281
down €26,281 (-544.6%), from -€4,826 to -€31,107
- Other debts +€20,682
up €20,682 (+108.9%), from €19,000 to €39,682
- Reserves -€20,000
down €20,000 (-15.3%), from €130,971 to €110,971
- Advances received -€13,310
no longer reported in 2025 (was €13,310)
- Debts after one year -€1,972
no longer reported in 2025 (was €1,972)
- Gross operating margin -€24,065
down €24,065, from €4,179 to -€19,886
- Taxes +€4,053
up €4,053, from -€3,261 to €793
- Depreciation +€1,141
up €1,141 (+33.1%), from €3,451 to €4,592
- Financial charges -€513
down €513 (-63.1%), from €813 to €300
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 | €196,146 | €155,693 | -€40,453 | -20.6% |
| Fixed assets | 21/28 | €12,463 | €16,920 | +€4,457 | +35.8% |
| Tangible fixed assets | 22/27 | €7,963 | €12,420 | +€4,457 | +56.0% |
| Furniture and vehicles | 24 | €6,435 | €10,982 | +€4,548 | +70.7% |
| Other tangible fixed assets | 26 | €1,528 | €1,437 | -€91 | -6.0% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €183,683 | €138,774 | -€44,910 | -24.4% |
| Amounts receivable after more than one year | 29 | €74,790 | €64,790 | -€10,000 | -13.4% |
| Trade receivables | 290 | €74,790 | €64,790 | -€10,000 | -13.4% |
| Amounts receivable within one year | 40/41 | €22,103 | €34,503 | +€12,400 | +56.1% |
| Trade receivables | 40 | €11,000 | €23,400 | +€12,400 | +112.7% |
| Other amounts receivable | 41 | €11,103 | €11,103 | = | 0.0% |
| Current investments | 50/53 | €2,941 | €3,191 | +€250 | +8.5% |
| Cash at bank and in hand | 54/58 | €83,850 | €36,104 | -€47,747 | -56.9% |
| Deferred charges and accrued income | 490/1 | - | €187 | +€187 | |
| Total equity and liabilities | 10/49 | €196,146 | €155,693 | -€40,453 | -20.6% |
| Equity | 10/15 | €138,545 | €92,264 | -€46,281 | -33.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €130,971 | €110,971 | -€20,000 | -15.3% |
| Distributable reserves | 133 | €130,971 | €110,971 | -€20,000 | -15.3% |
| Profit (loss) carried forward | 14 | -€4,826 | -€31,107 | -€26,281 | -544.6% |
| Amounts payable | 17/49 | €57,601 | €63,430 | +€5,828 | +10.1% |
| Amounts payable after more than one year | 17 | €1,972 | - | -€1,972 | |
| Financial debts | 170/4 | €1,972 | - | -€1,972 | |
| Amounts payable within one year | 42/48 | €55,629 | €63,430 | +€7,800 | +14.0% |
| Current portion of amounts payable after more than one year | 42 | €3,229 | €1,972 | -€1,257 | -38.9% |
| Trade debts | 44 | €604 | €2,074 | +€1,471 | +243.7% |
| Suppliers | 440/4 | €604 | €2,074 | +€1,471 | +243.7% |
| Advances received on contracts in progress | 46 | €13,310 | - | -€13,310 | |
| Taxes, remuneration and social security | 45 | €19,487 | €19,701 | +€215 | +1.1% |
| Taxes | 450/3 | €19,487 | €19,701 | +€215 | +1.1% |
| Other amounts payable | 47/48 | €19,000 | €39,682 | +€20,682 | +108.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,451 | €4,592 | +€1,141 | +33.1% |
| Other operating charges | 640/8 | €697 | €711 | +€15 | +2.1% |
| Non-recurring operating charges | 66A | €7,384 | - | -€7,384 | |
| Gross operating margin | 9900 | €4,179 | -€19,886 | -€24,065 | |
| Operating profit (loss) | 9901 | -€7,352 | -€25,189 | -€17,836 | -242.6% |
| Financial income | 75/76B | €79 | €0 | -€79 | -99.6% |
| Recurring financial income | 75 | €79 | €0 | -€79 | -99.6% |
| Financial charges | 65/66B | €813 | €300 | -€513 | -63.1% |
| Recurring financial charges | 65 | €813 | €300 | -€513 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | -€8,086 | -€25,489 | -€17,402 | -215.2% |
| Income taxes | 67/77 | -€3,261 | €793 | +€4,053 | |
| Profit (loss) for the period | 9904 | -€4,826 | -€26,281 | -€21,456 | -444.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,826 | -€26,281 | -€21,456 | -444.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.