ESTELLE INFI: 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.
ESTELLE INFI
Largest movements
- Receivables within one year -€15,188
down €15,188 (-73.5%), from €20,672 to €5,484
of which Other amounts receivable: -€15,188
- Tangible fixed assets -€4,020
down €4,020 (-16.6%), from €24,144 to €20,125
- Cash -€1,728
down €1,728 (-62.9%), from €2,747 to €1,019
mainly Trade debts (-€22,731) and Investment in fixed assets (net) (-€1,301)
- Trade debts -€22,731
no longer reported in 2025 (was €22,731)
- Profit (loss) carried forward +€3,170
up €3,170 (+30.5%), from €10,386 to €13,556
- Other debts -€903
down €903 (-6.7%), from €13,500 to €12,597
- Depreciation +€3,455
up €3,455 (+185%), from €1,866 to €5,320
- Gross operating margin +€938
up €938 (+8.4%), from €11,101 to €12,038
- Taxes -€920
down €920 (-31.2%), from €2,945 to €2,025
- Other operating charges +€866
up €866 (+151%), from €575 to €1,441
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 | €50,663 | €29,728 | -€20,935 | -41.3% |
| Fixed assets | 21/28 | €24,144 | €20,125 | -€4,020 | -16.6% |
| Tangible fixed assets | 22/27 | €24,144 | €20,125 | -€4,020 | -16.6% |
| Furniture and vehicles | 24 | €24,144 | €20,125 | -€4,020 | -16.6% |
| Current assets | 29/58 | €26,518 | €9,603 | -€16,915 | -63.8% |
| Stocks and contracts in progress | 3 | €3,100 | €3,100 | = | 0.0% |
| Stocks | 30/36 | €3,100 | €3,100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €20,672 | €5,484 | -€15,188 | -73.5% |
| Trade receivables | 40 | €4,484 | €4,484 | = | 0.0% |
| Other amounts receivable | 41 | €16,188 | €1,000 | -€15,188 | -93.8% |
| Cash at bank and in hand | 54/58 | €2,747 | €1,019 | -€1,728 | -62.9% |
| Total equity and liabilities | 10/49 | €50,663 | €29,728 | -€20,935 | -41.3% |
| Equity | 10/15 | €11,486 | €14,656 | +€3,170 | +27.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,386 | €13,556 | +€3,170 | +30.5% |
| Amounts payable | 17/49 | €39,177 | €15,072 | -€24,105 | -61.5% |
| Amounts payable within one year | 42/48 | €39,177 | €15,072 | -€24,105 | -61.5% |
| Trade debts | 44 | €22,731 | - | -€22,731 | |
| Suppliers | 440/4 | €22,731 | - | -€22,731 | |
| Taxes, remuneration and social security | 45 | €2,945 | €2,475 | -€470 | -16.0% |
| Taxes | 450/3 | €2,945 | €2,475 | -€470 | -16.0% |
| Other amounts payable | 47/48 | €13,500 | €12,597 | -€903 | -6.7% |
| Non-recurring operating income | 76A | - | €12,601 | +€12,601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,866 | €5,320 | +€3,455 | +185% |
| Other operating charges | 640/8 | €575 | €1,441 | +€866 | +151% |
| Gross operating margin | 9900 | €11,101 | €12,038 | +€938 | +8.4% |
| Operating profit (loss) | 9901 | €8,660 | €5,277 | -€3,383 | -39.1% |
| Financial charges | 65/66B | €111 | €83 | -€28 | -25.4% |
| Recurring financial charges | 65 | €111 | €83 | -€28 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €8,549 | €5,195 | -€3,354 | -39.2% |
| Income taxes | 67/77 | €2,945 | €2,025 | -€920 | -31.2% |
| Profit (loss) for the period | 9904 | €5,604 | €3,170 | -€2,434 | -43.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,604 | €3,170 | -€2,434 | -43.4% |
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 25 October 2026 via checked.be.