Estelle Somja: 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 Somja
Largest movements
- Intangible fixed assets +€391,858
up €391,858 (+119%), from €328,627 to €720,485
- Cash +€113,405
up €113,405 (+128%), from €88,781 to €202,185
mainly Debts after one year (+€418,193) and Depreciation (+€116,845)
- Tangible fixed assets +€71,777
up €71,777 (+1,266%), from €5,668 to €77,444
- Deferred charges and accrued income +€24,695
up €24,695 (+115%), from €21,419 to €46,114
- Debts after one year +€418,193
up €418,193 (+110%), from €380,000 to €798,193
- Current portion of long-term debt +€78,208
new in 2025: €78,208
- Profit (loss) carried forward +€51,589
up €51,589 (+61,110%), from €84 to €51,674
- Other debts +€40,433
up €40,433 (+6,867%), from €589 to €41,022
- Tax, wage and social debts +€26,488
up €26,488 (+104%), from €25,508 to €51,996
of which Remuneration and social security: +€22,860
- Gross operating margin +€354,683
up €354,683 (+156%), from €227,210 to €581,893
- Staff costs +€196,569
up €196,569 (+153%), from €128,449 to €325,018
- Depreciation +€69,881
up €69,881 (+149%), from €46,964 to €116,845
- Financial charges +€11,307
up €11,307 (+90.6%), from €12,477 to €23,784
- Taxes +€8,821
up €8,821 (+78.1%), from €11,295 to €20,116
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 | €444,494 | €1,056,718 | +€612,224 | +138% |
| Fixed assets | 21/28 | €334,294 | €797,929 | +€463,634 | +139% |
| Intangible fixed assets | 21 | €328,627 | €720,485 | +€391,858 | +119% |
| Tangible fixed assets | 22/27 | €5,668 | €77,444 | +€71,777 | +1,266% |
| Furniture and vehicles | 24 | €5,668 | €77,444 | +€71,777 | +1,266% |
| Current assets | 29/58 | €110,200 | €258,789 | +€148,590 | +135% |
| Amounts receivable within one year | 40/41 | - | €10,490 | +€10,490 | |
| Trade receivables | 40 | - | €10,490 | +€10,490 | |
| Cash at bank and in hand | 54/58 | €88,781 | €202,185 | +€113,405 | +128% |
| Deferred charges and accrued income | 490/1 | €21,419 | €46,114 | +€24,695 | +115% |
| Total equity and liabilities | 10/49 | €444,494 | €1,056,718 | +€612,224 | +138% |
| Equity | 10/15 | €27,884 | €79,474 | +€51,589 | +185% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €22,800 | €22,800 | = | 0.0% |
| Distributable reserves | 133 | €22,800 | €22,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €84 | €51,674 | +€51,589 | +61,110% |
| Amounts payable | 17/49 | €416,610 | €977,244 | +€560,635 | +135% |
| Amounts payable after more than one year | 17 | €380,000 | €798,193 | +€418,193 | +110% |
| Financial debts | 170/4 | €380,000 | €798,193 | +€418,193 | +110% |
| Amounts payable within one year | 42/48 | €36,610 | €179,051 | +€142,441 | +389% |
| Current portion of amounts payable after more than one year | 42 | - | €78,208 | +€78,208 | |
| Trade debts | 44 | €10,513 | €7,825 | -€2,688 | -25.6% |
| Suppliers | 440/4 | €10,513 | €7,825 | -€2,688 | -25.6% |
| Taxes, remuneration and social security | 45 | €25,508 | €51,996 | +€26,488 | +104% |
| Taxes | 450/3 | €11,242 | €14,869 | +€3,628 | +32.3% |
| Remuneration and social security | 454/9 | €14,266 | €37,126 | +€22,860 | +160% |
| Other amounts payable | 47/48 | €589 | €41,022 | +€40,433 | +6,867% |
| Remuneration, social security and pensions | 62 | €128,449 | €325,018 | +€196,569 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,964 | €116,845 | +€69,881 | +149% |
| Other operating charges | 640/8 | €5,317 | €5,346 | +€29 | +0.5% |
| Gross operating margin | 9900 | €227,210 | €581,893 | +€354,683 | +156% |
| Operating profit (loss) | 9901 | €46,479 | €134,683 | +€88,204 | +190% |
| Financial income | 75/76B | €177 | €806 | +€629 | +356% |
| Recurring financial income | 75 | €177 | €806 | +€629 | +356% |
| Financial charges | 65/66B | €12,477 | €23,784 | +€11,307 | +90.6% |
| Recurring financial charges | 65 | €12,477 | €23,784 | +€11,307 | +90.6% |
| Profit (loss) for the period before taxes | 9903 | €34,179 | €111,705 | +€77,526 | +227% |
| Income taxes | 67/77 | €11,295 | €20,116 | +€8,821 | +78.1% |
| Profit (loss) for the period | 9904 | €22,884 | €91,589 | +€68,705 | +300% |
| Profit (loss) for the period to be appropriated | 9905 | €22,884 | €91,589 | +€68,705 | +300% |
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 30 October 2026 via checked.be.