este-architects: 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.
este-architects
Largest movements
- Current investments -€110,000
no longer reported in 2026 (was €110,000)
- Cash +€61,505
up €61,505 (+17.1%), from €359,150 to €420,655
mainly Current investments (+€110,000) and Net result for the year (+€18,313)
- Receivables within one year +€29,838
up €29,838 (+46.0%), from €64,900 to €94,738
of which Trade receivables: +€29,545
- Trade debts -€33,119
down €33,119 (-57.6%), from €57,500 to €24,381
- Reserves +€8,426
up €8,426 (+1.8%), from €469,623 to €478,049
- Gross operating margin +€7,675
up €7,675 (+29.8%), from €25,721 to €33,396
- Taxes +€6,660
up €6,660 (+340.7%), from €1,955 to €8,615
- Other operating charges -€6,068
down €6,068 (-62.6%), from €9,689 to €3,621
- Depreciation -€1,476
down €1,476 (-28.2%), from €5,237 to €3,761
- Financial income +€598
up €598 (+27.6%), from €2,171 to €2,770
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €561,342 | €536,509 | -€24,833 | -4.4% |
| Fixed assets | 21/28 | €11,809 | €8,048 | -€3,761 | -31.8% |
| Tangible fixed assets | 22/27 | €11,395 | €7,634 | -€3,761 | -33.0% |
| Furniture and vehicles | 24 | €11,395 | €7,634 | -€3,761 | -33.0% |
| Financial fixed assets | 28 | €414 | €414 | = | 0.0% |
| Current assets | 29/58 | €549,533 | €528,460 | -€21,072 | -3.8% |
| Amounts receivable within one year | 40/41 | €64,900 | €94,738 | +€29,838 | +46.0% |
| Trade receivables | 40 | €55,475 | €85,020 | +€29,545 | +53.3% |
| Other amounts receivable | 41 | €9,425 | €9,718 | +€293 | +3.1% |
| Current investments | 50/53 | €110,000 | - | -€110,000 | |
| Cash at bank and in hand | 54/58 | €359,150 | €420,655 | +€61,505 | +17.1% |
| Deferred charges and accrued income | 490/1 | €15,484 | €13,067 | -€2,416 | -15.6% |
| Total equity and liabilities | 10/49 | €561,342 | €536,509 | -€24,833 | -4.4% |
| Equity | 10/15 | €488,323 | €496,749 | +€8,426 | +1.7% |
| Contributions | 10/11 | €18,700 | €18,700 | = | 0.0% |
| Reserves | 13 | €469,623 | €478,049 | +€8,426 | +1.8% |
| Distributable reserves | 133 | €469,623 | €478,049 | +€8,426 | +1.8% |
| Amounts payable | 17/49 | €73,019 | €39,759 | -€33,259 | -45.5% |
| Amounts payable within one year | 42/48 | €73,019 | €39,759 | -€33,259 | -45.5% |
| Trade debts | 44 | €57,500 | €24,381 | -€33,119 | -57.6% |
| Suppliers | 440/4 | €57,500 | €24,381 | -€33,119 | -57.6% |
| Taxes, remuneration and social security | 45 | €14,189 | €14,380 | +€192 | +1.4% |
| Taxes | 450/3 | €6,361 | €12,780 | +€6,419 | +100.9% |
| Remuneration and social security | 454/9 | €7,827 | €1,600 | -€6,227 | -79.6% |
| Other amounts payable | 47/48 | €1,330 | €998 | -€332 | -24.9% |
| Non-recurring operating income | 76A | €19,457 | - | -€19,457 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,237 | €3,761 | -€1,476 | -28.2% |
| Other operating charges | 640/8 | €9,689 | €3,621 | -€6,068 | -62.6% |
| Gross operating margin | 9900 | €25,721 | €33,396 | +€7,675 | +29.8% |
| Operating profit (loss) | 9901 | €10,794 | €26,014 | +€15,219 | +141.0% |
| Financial income | 75/76B | €2,171 | €2,770 | +€598 | +27.6% |
| Recurring financial income | 75 | €2,171 | €2,770 | +€598 | +27.6% |
| Financial charges | 65/66B | €1,346 | €1,855 | +€509 | +37.8% |
| Recurring financial charges | 65 | €1,346 | €1,855 | +€509 | +37.8% |
| Profit (loss) for the period before taxes | 9903 | €11,620 | €26,928 | +€15,308 | +131.7% |
| Income taxes | 67/77 | €1,955 | €8,615 | +€6,660 | +340.7% |
| Profit (loss) for the period | 9904 | €9,665 | €18,313 | +€8,648 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,665 | €18,313 | +€8,648 | +89.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.