Esteban Consult: 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.
Esteban Consult
Largest movements
- Receivables within one year +€15,908
up €15,908 (+915.3%), from €1,738 to €17,646
of which Trade receivables: +€13,310
- Cash -€7,826
down €7,826 (-30.7%), from €25,492 to €17,666
mainly Receivables within one year (-€15,908) and Investment in fixed assets (net) (-€6,450)
- Tangible fixed assets +€5,490
new in 2025: €5,490
- Financial fixed assets +€450
new in 2025: €450
- Formation expenses -€440
down €440 (-100.0%), from €440 to €0
- Reserves +€12,863
up €12,863 (+92.2%), from €13,946 to €26,809
- Other debts +€4,506
up €4,506 (+142.7%), from €3,157 to €7,664
- Tax, wage and social debts -€3,816
down €3,816 (-39.0%), from €9,778 to €5,962
- Financial charges +€815
up €815 (+177.8%), from €459 to €1,274
- Gross operating margin -€529
down €529 (-2.6%), from €20,530 to €20,001
- Depreciation +€333
up €333 (+54.1%), from €617 to €950
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 | €28,675 | €42,321 | +€13,646 | +47.6% |
| Formation expenses | 20 | €440 | €0 | -€440 | -100.0% |
| Fixed assets | 21/28 | - | €5,940 | +€5,940 | |
| Tangible fixed assets | 22/27 | - | €5,490 | +€5,490 | |
| Furniture and vehicles | 24 | - | €5,490 | +€5,490 | |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €28,234 | €36,380 | +€8,146 | +28.9% |
| Amounts receivable within one year | 40/41 | €1,738 | €17,646 | +€15,908 | +915.3% |
| Trade receivables | 40 | - | €13,310 | +€13,310 | |
| Other amounts receivable | 41 | €1,738 | €4,336 | +€2,598 | +149.5% |
| Cash at bank and in hand | 54/58 | €25,492 | €17,666 | -€7,826 | -30.7% |
| Deferred charges and accrued income | 490/1 | €1,005 | €1,068 | +€64 | +6.3% |
| Total equity and liabilities | 10/49 | €28,675 | €42,321 | +€13,646 | +47.6% |
| Equity | 10/15 | €14,446 | €27,309 | +€12,863 | +89.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €13,946 | €26,809 | +€12,863 | +92.2% |
| Distributable reserves | 133 | €13,946 | €26,809 | +€12,863 | +92.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,229 | €15,011 | +€783 | +5.5% |
| Amounts payable within one year | 42/48 | €14,229 | €14,864 | +€635 | +4.5% |
| Trade debts | 44 | €1,294 | €1,238 | -€56 | -4.3% |
| Suppliers | 440/4 | €1,294 | €1,238 | -€56 | -4.3% |
| Taxes, remuneration and social security | 45 | €9,778 | €5,962 | -€3,816 | -39.0% |
| Taxes | 450/3 | €9,778 | €5,962 | -€3,816 | -39.0% |
| Other amounts payable | 47/48 | €3,157 | €7,664 | +€4,506 | +142.7% |
| Accrued charges and deferred income | 492/3 | - | €148 | +€148 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €617 | €950 | +€333 | +54.1% |
| Other operating charges | 640/8 | €387 | €534 | +€147 | +37.9% |
| Gross operating margin | 9900 | €20,530 | €20,001 | -€529 | -2.6% |
| Operating profit (loss) | 9901 | €19,526 | €18,517 | -€1,009 | -5.2% |
| Financial income | 75/76B | - | €33 | +€33 | |
| Recurring financial income | 75 | - | €33 | +€33 | |
| Financial charges | 65/66B | €459 | €1,274 | +€815 | +177.8% |
| Recurring financial charges | 65 | €459 | €1,274 | +€815 | +177.8% |
| Profit (loss) for the period before taxes | 9903 | €19,067 | €17,275 | -€1,792 | -9.4% |
| Income taxes | 67/77 | €4,262 | €4,412 | +€150 | +3.5% |
| Profit (loss) for the period | 9904 | €14,805 | €12,863 | -€1,942 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €14,805 | €12,863 | -€1,942 | -13.1% |
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 7 October 2026 via checked.be.