ESTE CONCEPT: 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 CONCEPT
Largest movements
- Tangible fixed assets -€4,993
down €4,993 (-10.9%), from €45,790 to €40,797
- Other debts +€8,708
up €8,708 (+4.8%), from €179,728 to €188,436
- Tax, wage and social debts -€6,132
down €6,132 (-100.0%), from €6,132 to €0
- Profit (loss) carried forward -€5,544
down €5,544 (-235.6%), from -€2,353 to -€7,896
- Gross operating margin -€9,574
down €9,574 (-82.2%), from €11,645 to €2,071
- Provisions -€7,997
down €7,997, from €6,000 to -€1,997
- Depreciation +€1,103
up €1,103 (+28.4%), from €3,890 to €4,993
- Other operating charges +€510
up €510 (+12.7%), from €4,003 to €4,513
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 | €275,712 | €270,204 | -€5,508 | -2.0% |
| Fixed assets | 21/28 | €45,790 | €40,797 | -€4,993 | -10.9% |
| Tangible fixed assets | 22/27 | €45,790 | €40,797 | -€4,993 | -10.9% |
| Land and buildings | 22 | €45,790 | €40,797 | -€4,993 | -10.9% |
| Current assets | 29/58 | €229,922 | €229,407 | -€515 | -0.2% |
| Amounts receivable within one year | 40/41 | €227,355 | €227,355 | = | 0.0% |
| Other amounts receivable | 41 | €227,355 | €227,355 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,860 | €1,310 | -€550 | -29.6% |
| Deferred charges and accrued income | 490/1 | €708 | €742 | +€35 | +4.9% |
| Total equity and liabilities | 10/49 | €275,712 | €270,204 | -€5,508 | -2.0% |
| Equity | 10/15 | €81,554 | €76,010 | -€5,544 | -6.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,906 | €21,906 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €15,706 | €15,706 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,353 | -€7,896 | -€5,544 | -235.6% |
| Provisions and deferred taxes | 16 | €6,000 | €4,004 | -€1,997 | -33.3% |
| Provisions for liabilities and charges | 160/5 | €6,000 | €4,004 | -€1,997 | -33.3% |
| Other liabilities and charges | 164/5 | €6,000 | €4,004 | -€1,997 | -33.3% |
| Amounts payable | 17/49 | €188,159 | €190,191 | +€2,032 | +1.1% |
| Amounts payable within one year | 42/48 | €188,159 | €190,191 | +€2,032 | +1.1% |
| Trade debts | 44 | €2,299 | €1,755 | -€545 | -23.7% |
| Suppliers | 440/4 | €2,299 | €1,755 | -€545 | -23.7% |
| Taxes, remuneration and social security | 45 | €6,132 | €0 | -€6,132 | -100.0% |
| Taxes | 450/3 | €6,132 | €0 | -€6,132 | -100.0% |
| Other amounts payable | 47/48 | €179,728 | €188,436 | +€8,708 | +4.8% |
| Non-recurring operating income | 76A | €28 | €0 | -€28 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,890 | €4,993 | +€1,103 | +28.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €6,000 | -€1,997 | -€7,997 | |
| Other operating charges | 640/8 | €4,003 | €4,513 | +€510 | +12.7% |
| Gross operating margin | 9900 | €11,645 | €2,071 | -€9,574 | -82.2% |
| Operating profit (loss) | 9901 | -€2,248 | -€5,439 | -€3,191 | -141.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €104 | €104 | = | 0.0% |
| Recurring financial charges | 65 | €104 | €104 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,353 | -€5,544 | -€3,191 | -135.6% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€2,353 | -€5,544 | -€3,191 | -135.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,353 | -€5,544 | -€3,191 | -135.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.