Ester: 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.
Ester
Largest movements
- Cash +€26,059
up €26,059 (+34.7%), from €75,144 to €101,202
mainly Net result for the year (+€35,490) and Depreciation (+€15,485)
- Tangible fixed assets -€13,844
down €13,844 (-35.9%), from €38,567 to €24,722
of which Leasing and similar rights: -€10,122
- Receivables within one year +€2,162
up €2,162 (+6.7%), from €32,117 to €34,279
of which Other amounts receivable: +€1,342
- Profit (loss) carried forward +€35,490
new in 2025: €35,490
- Tax, wage and social debts -€13,167
down €13,167 (-40.0%), from €32,892 to €19,725
of which Taxes: -€13,167
- Debts after one year -€8,988
down €8,988 (-40.3%), from €22,300 to €13,312
- Gross operating margin +€6,023
up €6,023 (+10.2%), from €59,219 to €65,243
- Taxes -€690
down €690 (-5.8%), from €11,821 to €11,132
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 | €147,935 | €162,668 | +€14,733 | +10.0% |
| Fixed assets | 21/28 | €38,567 | €24,722 | -€13,844 | -35.9% |
| Tangible fixed assets | 22/27 | €38,567 | €24,722 | -€13,844 | -35.9% |
| Furniture and vehicles | 24 | €6,481 | €2,759 | -€3,722 | -57.4% |
| Leasing and similar rights | 25 | €32,086 | €21,964 | -€10,122 | -31.5% |
| Current assets | 29/58 | €109,368 | €137,945 | +€28,577 | +26.1% |
| Amounts receivable within one year | 40/41 | €32,117 | €34,279 | +€2,162 | +6.7% |
| Trade receivables | 40 | €32,117 | €32,937 | +€820 | +2.6% |
| Other amounts receivable | 41 | - | €1,342 | +€1,342 | |
| Cash at bank and in hand | 54/58 | €75,144 | €101,202 | +€26,059 | +34.7% |
| Deferred charges and accrued income | 490/1 | €2,108 | €2,464 | +€357 | +16.9% |
| Total equity and liabilities | 10/49 | €147,935 | €162,668 | +€14,733 | +10.0% |
| Equity | 10/15 | €82,830 | €118,319 | +€35,490 | +42.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,830 | €77,830 | = | 0.0% |
| Distributable reserves | 133 | €77,830 | €77,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €35,490 | +€35,490 | |
| Amounts payable | 17/49 | €65,105 | €44,348 | -€20,757 | -31.9% |
| Amounts payable after more than one year | 17 | €22,300 | €13,312 | -€8,988 | -40.3% |
| Financial debts | 170/4 | €22,300 | €13,312 | -€8,988 | -40.3% |
| Amounts payable within one year | 42/48 | €42,805 | €31,036 | -€11,769 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €8,577 | €8,988 | +€411 | +4.8% |
| Trade debts | 44 | €351 | €173 | -€178 | -50.7% |
| Suppliers | 440/4 | €351 | €173 | -€178 | -50.7% |
| Taxes, remuneration and social security | 45 | €32,892 | €19,725 | -€13,167 | -40.0% |
| Taxes | 450/3 | €32,879 | €19,711 | -€13,167 | -40.0% |
| Remuneration and social security | 454/9 | €13 | €13 | = | 0.0% |
| Other amounts payable | 47/48 | €986 | €2,151 | +€1,165 | +118.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,375 | €15,485 | +€110 | +0.7% |
| Other operating charges | 640/8 | €1,561 | €1,678 | +€117 | +7.5% |
| Gross operating margin | 9900 | €59,219 | €65,243 | +€6,023 | +10.2% |
| Operating profit (loss) | 9901 | €42,284 | €48,080 | +€5,797 | +13.7% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €1,792 | €1,459 | -€333 | -18.6% |
| Recurring financial charges | 65 | €1,792 | €1,459 | -€333 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €40,497 | €46,621 | +€6,125 | +15.1% |
| Income taxes | 67/77 | €11,821 | €11,132 | -€690 | -5.8% |
| Profit (loss) for the period | 9904 | €28,675 | €35,490 | +€6,814 | +23.8% |
| Profit (loss) for the period to be appropriated | 9905 | €28,675 | €35,490 | +€6,814 | +23.8% |
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 3 October 2026 via checked.be.