Estheka: 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.
Estheka
Largest movements
- Cash -€113,090
down €113,090 (-36.6%), from €309,290 to €196,200
mainly Contributions, distributions and other (-€178,538) and Receivables within one year (-€1,009)
- Tangible fixed assets -€9,773
down €9,773 (-24.4%), from €40,036 to €30,263
of which Furniture and vehicles: -€8,845
- Reserves -€124,585
down €124,585 (-38.2%), from €326,463 to €201,878
- Gross operating margin +€37,852
up €37,852 (+79.1%), from €47,841 to €85,693
- Taxes +€10,914
up €10,914 (+110.8%), from €9,854 to €20,768
- Financial income -€1,926
down €1,926 (-57.7%), from €3,339 to €1,413
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 | €361,653 | €240,399 | -€121,254 | -33.5% |
| Fixed assets | 21/28 | €40,036 | €30,263 | -€9,773 | -24.4% |
| Tangible fixed assets | 22/27 | €40,036 | €30,263 | -€9,773 | -24.4% |
| Furniture and vehicles | 24 | €34,581 | €25,736 | -€8,845 | -25.6% |
| Other tangible fixed assets | 26 | €5,455 | €4,527 | -€928 | -17.0% |
| Current assets | 29/58 | €321,617 | €210,136 | -€111,481 | -34.7% |
| Amounts receivable within one year | 40/41 | €1,648 | €2,656 | +€1,009 | +61.2% |
| Other amounts receivable | 41 | €1,648 | €2,656 | +€1,009 | +61.2% |
| Cash at bank and in hand | 54/58 | €309,290 | €196,200 | -€113,090 | -36.6% |
| Deferred charges and accrued income | 490/1 | €10,679 | €11,279 | +€600 | +5.6% |
| Total equity and liabilities | 10/49 | €361,653 | €240,399 | -€121,254 | -33.5% |
| Equity | 10/15 | €338,863 | €214,278 | -€124,585 | -36.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €326,463 | €201,878 | -€124,585 | -38.2% |
| Distributable reserves | 133 | €326,463 | €201,878 | -€124,585 | -38.2% |
| Amounts payable | 17/49 | €22,790 | €26,121 | +€3,331 | +14.6% |
| Amounts payable within one year | 42/48 | €20,435 | €23,770 | +€3,334 | +16.3% |
| Trade debts | 44 | €994 | €1,329 | +€334 | +33.6% |
| Suppliers | 440/4 | €994 | €1,329 | +€334 | +33.6% |
| Taxes, remuneration and social security | 45 | - | €3,000 | +€3,000 | |
| Taxes | 450/3 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €19,441 | €19,441 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €2,354 | €2,351 | -€3 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,773 | €9,773 | = | 0.0% |
| Other operating charges | 640/8 | €883 | €807 | -€76 | -8.6% |
| Gross operating margin | 9900 | €47,841 | €85,693 | +€37,852 | +79.1% |
| Operating profit (loss) | 9901 | €37,185 | €75,112 | +€37,927 | +102.0% |
| Financial income | 75/76B | €3,339 | €1,413 | -€1,926 | -57.7% |
| Recurring financial income | 75 | €3,339 | €1,413 | -€1,926 | -57.7% |
| Financial charges | 65/66B | €1,730 | €1,804 | +€74 | +4.3% |
| Recurring financial charges | 65 | €1,730 | €1,804 | +€74 | +4.3% |
| Profit (loss) for the period before taxes | 9903 | €38,794 | €74,721 | +€35,927 | +92.6% |
| Income taxes | 67/77 | €9,854 | €20,768 | +€10,914 | +110.8% |
| Profit (loss) for the period | 9904 | €28,940 | €53,953 | +€25,013 | +86.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,940 | €53,953 | +€25,013 | +86.4% |
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 9 October 2026 via checked.be.