Esté International: 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.
Esté International
Largest movements
- Receivables after one year -€100,000
down €100,000 (-29.0%), from €345,000 to €245,000
- Receivables within one year +€25,026
up €25,026 (+799%), from €3,130 to €28,156
of which Trade receivables: +€22,896
- Cash +€7,203
up €7,203 (+16.3%), from €44,191 to €51,393
mainly Receivables after one year (+€100,000) and Net result for the year (+€96,209)
- Tangible fixed assets -€5,532
down €5,532 (-12.5%), from €44,120 to €38,588
of which Land and buildings: -€7,667
- Reserves -€77,728
down €77,728 (-18.5%), from €421,045 to €343,317
- Gross operating margin +€14,147
up €14,147 (+10.6%), from €133,058 to €147,205
- Financial income -€3,312
down €3,312 (-43.2%), from €7,659 to €4,347
- Taxes +€3,000
up €3,000 (+8.1%), from €36,870 to €39,870
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 | €436,441 | €363,137 | -€73,304 | -16.8% |
| Fixed assets | 21/28 | €44,120 | €38,588 | -€5,532 | -12.5% |
| Tangible fixed assets | 22/27 | €44,120 | €38,588 | -€5,532 | -12.5% |
| Land and buildings | 22 | €30,667 | €23,000 | -€7,667 | -25.0% |
| Plant, machinery and equipment | 23 | €8,259 | €13,455 | +€5,196 | +62.9% |
| Furniture and vehicles | 24 | €5,195 | €2,133 | -€3,062 | -58.9% |
| Current assets | 29/58 | €392,321 | €324,549 | -€67,772 | -17.3% |
| Amounts receivable after more than one year | 29 | €345,000 | €245,000 | -€100,000 | -29.0% |
| Other amounts receivable | 291 | €345,000 | €245,000 | -€100,000 | -29.0% |
| Amounts receivable within one year | 40/41 | €3,130 | €28,156 | +€25,026 | +799% |
| Trade receivables | 40 | - | €22,896 | +€22,896 | |
| Other amounts receivable | 41 | €3,130 | €5,260 | +€2,130 | +68.0% |
| Cash at bank and in hand | 54/58 | €44,191 | €51,393 | +€7,203 | +16.3% |
| Total equity and liabilities | 10/49 | €436,441 | €363,137 | -€73,304 | -16.8% |
| Equity | 10/15 | €427,245 | €349,517 | -€77,728 | -18.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €421,045 | €343,317 | -€77,728 | -18.5% |
| Distributable reserves | 133 | €421,045 | €343,317 | -€77,728 | -18.5% |
| Amounts payable | 17/49 | €9,196 | €13,621 | +€4,424 | +48.1% |
| Amounts payable within one year | 42/48 | €9,196 | €13,621 | +€4,424 | +48.1% |
| Trade debts | 44 | €1,465 | €2,675 | +€1,209 | +82.5% |
| Suppliers | 440/4 | €1,465 | €2,675 | +€1,209 | +82.5% |
| Taxes, remuneration and social security | 45 | €7,731 | €10,946 | +€3,215 | +41.6% |
| Taxes | 450/3 | €7,731 | €10,946 | +€3,215 | +41.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,097 | €13,159 | +€1,062 | +8.8% |
| Other operating charges | 640/8 | €1,528 | €2,186 | +€658 | +43.1% |
| Gross operating margin | 9900 | €133,058 | €147,205 | +€14,147 | +10.6% |
| Operating profit (loss) | 9901 | €119,433 | €131,861 | +€12,427 | +10.4% |
| Financial income | 75/76B | €7,659 | €4,347 | -€3,312 | -43.2% |
| Recurring financial income | 75 | €7,659 | €4,347 | -€3,312 | -43.2% |
| Financial charges | 65/66B | €202 | €129 | -€73 | -36.2% |
| Recurring financial charges | 65 | €202 | €129 | -€73 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | €126,891 | €136,079 | +€9,188 | +7.2% |
| Income taxes | 67/77 | €36,870 | €39,870 | +€3,000 | +8.1% |
| Profit (loss) for the period | 9904 | €90,021 | €96,209 | +€6,188 | +6.9% |
| Profit (loss) for the period to be appropriated | 9905 | €90,021 | €96,209 | +€6,188 | +6.9% |
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 24 October 2026 via checked.be.