ESTEE COATING SOLUTIONS: 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.
ESTEE COATING SOLUTIONS
Largest movements
- Current investments -€4.3m
down €4.3m (-70.2%), from €6.2m to €1.8m
- Receivables within one year -€2.8m
down €2.8m (-41.7%), from €6.6m to €3.8m
of which Trade receivables: -€3.6m
- Cash -€923,708
down €923,708 (-70.5%), from €1.3m to €385,782
mainly Advances received (-€6.4m) and Trade debts (-€794,065)
- Deferred charges and accrued income +€374,812
up €374,812 (+1,507%), from €24,877 to €399,689
- Advances received -€6.4m
down €6.4m (-61.9%), from €10.4m to €4.0m
- Profit (loss) carried forward +€970,044
no longer reported in 2025 (was -€970,044)
- Reserves -€878,791
down €878,791 (-78.1%), from €1.1m to €246,922
of which Distributable reserves: -€878,791
- Trade debts -€794,065
down €794,065 (-21.7%), from €3.7m to €2.9m
- Accrued charges and deferred income -€365,315
down €365,315 (-91.5%), from €399,303 to €33,989
- Gross operating margin +€375,197
up €375,197 (+75.3%), from €497,948 to €873,145
- Other operating charges +€148,055
up €148,055 (+835%), from €17,722 to €165,778
- Provisions +€145,447
up €145,447, from -€57,717 to €87,730
- Staff costs +€139,124
up €139,124 (+29.3%), from €474,689 to €613,813
- Financial income -€34,562
down €34,562 (-17.2%), from €201,397 to €166,835
of which Financial income: -€29,710
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 | €14,977,271 | €7,417,319 | -€7.6m | -50.5% |
| Fixed assets | 21/28 | €107,039 | €223,792 | +€116,753 | +109% |
| Tangible fixed assets | 22/27 | €90,306 | €207,060 | +€116,753 | +129% |
| Plant, machinery and equipment | 23 | €8,383 | €10,279 | +€1,896 | +22.6% |
| Furniture and vehicles | 24 | €47,408 | €184,737 | +€137,329 | +290% |
| Leasing and similar rights | 25 | €34,515 | €12,044 | -€22,472 | -65.1% |
| Financial fixed assets | 28 | €16,732 | €16,732 | = | 0.0% |
| Current assets | 29/58 | €14,870,233 | €7,193,527 | -€7.7m | -51.6% |
| Stocks and contracts in progress | 3 | €743,539 | €713,461 | -€30,078 | -4.0% |
| Stocks | 30/36 | €743,539 | €713,461 | -€30,078 | -4.0% |
| Amounts receivable within one year | 40/41 | €6,597,493 | €3,845,908 | -€2.8m | -41.7% |
| Trade receivables | 40 | €6,443,734 | €2,835,938 | -€3.6m | -56.0% |
| Other amounts receivable | 41 | €153,759 | €1,009,970 | +€856,211 | +557% |
| Current investments | 50/53 | €6,194,834 | €1,848,687 | -€4.3m | -70.2% |
| Cash at bank and in hand | 54/58 | €1,309,490 | €385,782 | -€923,708 | -70.5% |
| Deferred charges and accrued income | 490/1 | €24,877 | €399,689 | +€374,812 | +1,507% |
| Total equity and liabilities | 10/49 | €14,977,271 | €7,417,319 | -€7.6m | -50.5% |
| Equity | 10/15 | €237,509 | €328,763 | +€91,253 | +38.4% |
| Contributions | 10/11 | €81,841 | €81,841 | = | 0.0% |
| Reserves | 13 | €1,125,713 | €246,922 | -€878,791 | -78.1% |
| Tax-exempt reserves | 132 | €7,169 | €7,169 | = | 0.0% |
| Distributable reserves | 133 | €1,118,544 | €239,753 | -€878,791 | -78.6% |
| Profit (loss) carried forward | 14 | -€970,044 | - | +€970,044 | |
| Amounts payable | 17/49 | €14,739,762 | €7,088,557 | -€7.7m | -51.9% |
| Amounts payable after more than one year | 17 | €12,380 | - | -€12,380 | |
| Financial debts | 170/4 | €12,380 | - | -€12,380 | |
| Amounts payable within one year | 42/48 | €14,328,078 | €7,054,568 | -€7.3m | -50.8% |
| Current portion of amounts payable after more than one year | 42 | €20,856 | €12,380 | -€8,475 | -40.6% |
| Trade debts | 44 | €3,652,290 | €2,858,225 | -€794,065 | -21.7% |
| Suppliers | 440/4 | €3,652,290 | €2,858,225 | -€794,065 | -21.7% |
| Advances received on contracts in progress | 46 | €10,412,508 | €3,962,793 | -€6.4m | -61.9% |
| Taxes, remuneration and social security | 45 | €235,935 | €221,170 | -€14,765 | -6.3% |
| Taxes | 450/3 | €163,475 | €93,005 | -€70,470 | -43.1% |
| Remuneration and social security | 454/9 | €72,459 | €128,165 | +€55,706 | +76.9% |
| Other amounts payable | 47/48 | €6,490 | - | -€6,490 | |
| Accrued charges and deferred income | 492/3 | €399,303 | €33,989 | -€365,315 | -91.5% |
| Remuneration, social security and pensions | 62 | €474,689 | €613,813 | +€139,124 | +29.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,432 | €53,585 | +€3,153 | +6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,250 | €15,170 | +€6,919 | +83.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€57,717 | €87,730 | +€145,447 | |
| Other operating charges | 640/8 | €17,722 | €165,778 | +€148,055 | +835% |
| Non-recurring operating charges | 66A | €374 | €2,840 | +€2,466 | +659% |
| Gross operating margin | 9900 | €497,948 | €873,145 | +€375,197 | +75.3% |
| Operating profit (loss) | 9901 | €4,198 | -€65,770 | -€69,967 | |
| Financial income | 75/76B | €201,397 | €166,835 | -€34,562 | -17.2% |
| Recurring financial income | 75 | €196,545 | €166,835 | -€29,710 | -15.1% |
| Non-recurring financial income | 76B | €4,852 | - | -€4,852 | |
| Financial charges | 65/66B | €21,191 | €8,795 | -€12,396 | -58.5% |
| Recurring financial charges | 65 | €21,191 | €8,795 | -€12,396 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | €184,403 | €92,270 | -€92,133 | -50.0% |
| Income taxes | 67/77 | €1,004 | €1,017 | +€13 | +1.3% |
| Profit (loss) for the period | 9904 | €183,400 | €91,253 | -€92,146 | -50.2% |
| Profit (loss) for the period to be appropriated | 9905 | €183,400 | €91,253 | -€92,146 | -50.2% |
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 17 October 2026 via checked.be.