ESTEF: 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.
ESTEF
Largest movements
- Tangible fixed assets -€5,817
down €5,817 (-5.3%), from €109,216 to €103,399
- Other debts -€3,518
down €3,518 (-41.1%), from €8,570 to €5,051
- Current portion of long-term debt -€2,989
down €2,989 (-79.2%), from €3,772 to €783
- Other operating charges -€358
down €358 (-13.4%), from €2,665 to €2,307
- Gross operating margin -€204
down €204 (-2.2%), from €9,472 to €9,268
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 | €109,959 | €103,559 | -€6,400 | -5.8% |
| Fixed assets | 21/28 | €109,216 | €103,399 | -€5,817 | -5.3% |
| Tangible fixed assets | 22/27 | €109,216 | €103,399 | -€5,817 | -5.3% |
| Land and buildings | 22 | €109,216 | €103,399 | -€5,817 | -5.3% |
| Current assets | 29/58 | €743 | €160 | -€583 | -78.4% |
| Cash at bank and in hand | 54/58 | €743 | €160 | -€583 | -78.4% |
| Total equity and liabilities | 10/49 | €109,959 | €103,559 | -€6,400 | -5.8% |
| Equity | 10/15 | €62,186 | €63,077 | +€891 | +1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €43,594 | €44,485 | +€891 | +2.0% |
| Distributable reserves | 133 | €43,594 | €44,485 | +€891 | +2.0% |
| Amounts payable | 17/49 | €47,773 | €40,482 | -€7,291 | -15.3% |
| Amounts payable after more than one year | 17 | €35,431 | €34,647 | -€783 | -2.2% |
| Financial debts | 170/4 | €35,431 | €34,647 | -€783 | -2.2% |
| Amounts payable within one year | 42/48 | €12,342 | €5,835 | -€6,508 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €3,772 | €783 | -€2,989 | -79.2% |
| Trade debts | 44 | €0 | - | -€0 | |
| Suppliers | 440/4 | €0 | - | -€0 | |
| Other amounts payable | 47/48 | €8,570 | €5,051 | -€3,518 | -41.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,817 | €5,817 | = | 0.0% |
| Other operating charges | 640/8 | €2,665 | €2,307 | -€358 | -13.4% |
| Gross operating margin | 9900 | €9,472 | €9,268 | -€204 | -2.2% |
| Operating profit (loss) | 9901 | €990 | €1,144 | +€154 | +15.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €339 | €253 | -€86 | -25.4% |
| Recurring financial charges | 65 | €339 | €253 | -€86 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €652 | €891 | +€240 | +36.8% |
| Profit (loss) for the period | 9904 | €652 | €891 | +€240 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €652 | €891 | +€240 | +36.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.