ESTHEPLUS: 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.
ESTHEPLUS
Largest movements
- Receivables within one year -€14,948
down €14,948 (-96.3%), from €15,524 to €576
of which Other amounts receivable: -€11,335
- Cash +€5,602
up €5,602 (+404.0%), from €1,387 to €6,989
mainly Receivables within one year (+€14,948) and Depreciation (+€1,670)
- Tangible fixed assets -€1,863
down €1,863 (-54.0%), from €3,450 to €1,587
- Profit (loss) carried forward -€10,684
down €10,684 (-780.8%), from -€1,368 to -€12,052
- Tax, wage and social debts -€864
down €864 (-75.3%), from €1,149 to €284
- Trade debts +€478
up €478 (+536.5%), from €89 to €567
- Gross operating margin -€7,058
down €7,058, from €3,481 to -€3,577
- Taxes -€1,442
down €1,442 (-74.3%), from €1,942 to €500
- Depreciation +€718
up €718 (+75.5%), from €952 to €1,670
- Staff costs +€629
new in 2025: €629
- Other operating charges +€445
up €445 (+75.9%), from €586 to €1,031
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 | €20,472 | €9,442 | -€11,030 | -53.9% |
| Fixed assets | 21/28 | €3,562 | €1,699 | -€1,863 | -52.3% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €3,450 | €1,587 | -€1,863 | -54.0% |
| Furniture and vehicles | 24 | €3,450 | €1,587 | -€1,863 | -54.0% |
| Financial fixed assets | 28 | €112 | €112 | = | 0.0% |
| Current assets | 29/58 | €16,911 | €7,744 | -€9,167 | -54.2% |
| Amounts receivable within one year | 40/41 | €15,524 | €576 | -€14,948 | -96.3% |
| Trade receivables | 40 | €3,613 | €0 | -€3,613 | -100.0% |
| Other amounts receivable | 41 | €11,910 | €576 | -€11,335 | -95.2% |
| Cash at bank and in hand | 54/58 | €1,387 | €6,989 | +€5,602 | +404.0% |
| Deferred charges and accrued income | 490/1 | - | €179 | +€179 | |
| Total equity and liabilities | 10/49 | €20,472 | €9,442 | -€11,030 | -53.9% |
| Equity | 10/15 | €19,092 | €8,408 | -€10,684 | -56.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,368 | -€12,052 | -€10,684 | -780.8% |
| Amounts payable | 17/49 | €1,381 | €1,035 | -€346 | -25.1% |
| Amounts payable within one year | 42/48 | €1,238 | €1,035 | -€203 | -16.4% |
| Trade debts | 44 | €89 | €567 | +€478 | +536.5% |
| Suppliers | 440/4 | €89 | €567 | +€478 | +536.5% |
| Taxes, remuneration and social security | 45 | €1,149 | €284 | -€864 | -75.3% |
| Taxes | 450/3 | €1,149 | €284 | -€864 | -75.3% |
| Other amounts payable | 47/48 | - | €184 | +€184 | |
| Accrued charges and deferred income | 492/3 | €143 | €0 | -€143 | -100.0% |
| Non-recurring operating income | 76A | - | €2,512 | +€2,512 | |
| Remuneration, social security and pensions | 62 | - | €629 | +€629 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €1,670 | +€718 | +75.5% |
| Other operating charges | 640/8 | €586 | €1,031 | +€445 | +75.9% |
| Non-recurring operating charges | 66A | - | €3,053 | +€3,053 | |
| Gross operating margin | 9900 | €3,481 | -€3,577 | -€7,058 | |
| Operating profit (loss) | 9901 | €1,943 | -€9,959 | -€11,903 | |
| Financial charges | 65/66B | €194 | €225 | +€31 | +16.2% |
| Recurring financial charges | 65 | €194 | €225 | +€31 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €1,750 | -€10,184 | -€11,934 | |
| Income taxes | 67/77 | €1,942 | €500 | -€1,442 | -74.3% |
| Profit (loss) for the period | 9904 | -€192 | -€10,684 | -€10,492 | -5466.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€192 | -€10,684 | -€10,492 | -5466.0% |
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 6 October 2026 via checked.be.