ESTHER TRANS: 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.
ESTHER TRANS
Largest movements
- Receivables within one year +€58,676
up €58,676 (+171%), from €34,288 to €92,964
of which Trade receivables: +€53,617
- Financial fixed assets +€17,850
up €17,850 (+128%), from €14,000 to €31,850
- Deferred charges and accrued income +€7,610
up €7,610 (+74.9%), from €10,162 to €17,772
- Cash +€3,323
up €3,323 (+93.1%), from €3,570 to €6,893
mainly Net result for the year (+€40,713) and Trade debts (+€26,677)
- Profit (loss) carried forward +€40,713
up €40,713 (+456%), from €8,935 to €49,648
- Trade debts +€26,677
up €26,677 (+281%), from €9,482 to €36,160
- Tax, wage and social debts +€20,509
up €20,509 (+177%), from €11,607 to €32,116
of which Remuneration and social security: +€12,476
- Other debts -€10,440
down €10,440 (-69.6%), from €14,996 to €4,555
- Debts after one year +€10,000
up €10,000 (+71.4%), from €14,000 to €24,000
- Gross operating margin +€181,855
up €181,855 (+354%), from €51,413 to €233,268
- Staff costs +€151,783
up €151,783 (+704%), from €21,546 to €173,329
- Taxes +€8,033
up €8,033 (+166%), from €4,838 to €12,872
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 | €62,020 | €149,479 | +€87,459 | +141% |
| Fixed assets | 21/28 | €14,000 | €31,850 | +€17,850 | +128% |
| Financial fixed assets | 28 | €14,000 | €31,850 | +€17,850 | +128% |
| Current assets | 29/58 | €48,020 | €117,629 | +€69,609 | +145% |
| Amounts receivable within one year | 40/41 | €34,288 | €92,964 | +€58,676 | +171% |
| Trade receivables | 40 | €30,147 | €83,764 | +€53,617 | +178% |
| Other amounts receivable | 41 | €4,141 | €9,200 | +€5,059 | +122% |
| Cash at bank and in hand | 54/58 | €3,570 | €6,893 | +€3,323 | +93.1% |
| Deferred charges and accrued income | 490/1 | €10,162 | €17,772 | +€7,610 | +74.9% |
| Total equity and liabilities | 10/49 | €62,020 | €149,479 | +€87,459 | +141% |
| Equity | 10/15 | €11,935 | €52,648 | +€40,713 | +341% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,935 | €49,648 | +€40,713 | +456% |
| Amounts payable | 17/49 | €50,085 | €96,831 | +€46,746 | +93.3% |
| Amounts payable after more than one year | 17 | €14,000 | €24,000 | +€10,000 | +71.4% |
| Financial debts | 170/4 | €14,000 | €24,000 | +€10,000 | +71.4% |
| Amounts payable within one year | 42/48 | €36,085 | €72,831 | +€36,746 | +102% |
| Trade debts | 44 | €9,482 | €36,160 | +€26,677 | +281% |
| Suppliers | 440/4 | €9,482 | €36,160 | +€26,677 | +281% |
| Taxes, remuneration and social security | 45 | €11,607 | €32,116 | +€20,509 | +177% |
| Taxes | 450/3 | €4,838 | €12,872 | +€8,033 | +166% |
| Remuneration and social security | 454/9 | €6,768 | €19,244 | +€12,476 | +184% |
| Other amounts payable | 47/48 | €14,996 | €4,555 | -€10,440 | -69.6% |
| Remuneration, social security and pensions | 62 | €21,546 | €173,329 | +€151,783 | +704% |
| Other operating charges | 640/8 | €1,754 | €3,586 | +€1,833 | +105% |
| Gross operating margin | 9900 | €51,413 | €233,268 | +€181,855 | +354% |
| Operating profit (loss) | 9901 | €28,113 | €56,352 | +€28,240 | +100% |
| Financial income | 75/76B | €2 | €0 | -€2 | -79.1% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -79.1% |
| Financial charges | 65/66B | €3,064 | €2,768 | -€297 | -9.7% |
| Recurring financial charges | 65 | €3,064 | €2,768 | -€297 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €25,050 | €53,585 | +€28,535 | +114% |
| Income taxes | 67/77 | €4,838 | €12,872 | +€8,033 | +166% |
| Profit (loss) for the period | 9904 | €20,212 | €40,713 | +€20,501 | +101% |
| Profit (loss) for the period to be appropriated | 9905 | €20,212 | €40,713 | +€20,501 | +101% |
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 22 October 2026 via checked.be.