ESTHETEETH: 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.
ESTHETEETH
Largest movements
- Receivables within one year +€21,404
up €21,404 (+13.1%), from €163,953 to €185,357
- Cash -€5,377
down €5,377 (-36.7%), from €14,649 to €9,272
mainly Receivables within one year (-€21,404) and Tax, wage and social debts (-€3,758)
- Receivables after one year +€3,705
up €3,705 (+5.7%), from €65,000 to €68,705
- Tangible fixed assets -€3,000
down €3,000 (-20.2%), from €14,859 to €11,859
of which Land and buildings: -€3,000
- Profit (loss) carried forward +€21,383
up €21,383 (+37.5%), from €56,985 to €78,368
- Tax, wage and social debts -€3,758
down €3,758 (-61.4%), from €6,117 to €2,359
- Gross operating margin -€41,712
down €41,712 (-66.1%), from €63,094 to €21,382
- Financial income +€12,845
new in 2025: €12,845
- Taxes -€6,798
down €6,798 (-43.0%), from €15,798 to €9,000
- Other operating charges -€1,819
down €1,819 (-90.5%), from €2,011 to €192
- Financial charges -€912
down €912 (-58.3%), from €1,565 to €653
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 | €259,358 | €275,992 | +€16,634 | +6.4% |
| Fixed assets | 21/28 | €15,659 | €12,659 | -€3,000 | -19.2% |
| Tangible fixed assets | 22/27 | €14,859 | €11,859 | -€3,000 | -20.2% |
| Land and buildings | 22 | €14,859 | €11,859 | -€3,000 | -20.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €243,699 | €263,333 | +€19,634 | +8.1% |
| Amounts receivable after more than one year | 29 | €65,000 | €68,705 | +€3,705 | +5.7% |
| Other amounts receivable | 291 | €65,000 | €68,705 | +€3,705 | +5.7% |
| Amounts receivable within one year | 40/41 | €163,953 | €185,357 | +€21,404 | +13.1% |
| Other amounts receivable | 41 | €163,953 | €185,357 | +€21,404 | +13.1% |
| Cash at bank and in hand | 54/58 | €14,649 | €9,272 | -€5,377 | -36.7% |
| Deferred charges and accrued income | 490/1 | €98 | €0 | -€98 | -100.0% |
| Total equity and liabilities | 10/49 | €259,358 | €275,992 | +€16,634 | +6.4% |
| Equity | 10/15 | €241,124 | €262,507 | +€21,383 | +8.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €177,939 | €177,939 | = | 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% |
| Distributable reserves | 133 | €176,079 | €176,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56,985 | €78,368 | +€21,383 | +37.5% |
| Amounts payable | 17/49 | €18,234 | €13,485 | -€4,749 | -26.0% |
| Amounts payable within one year | 42/48 | €18,234 | €13,485 | -€4,749 | -26.0% |
| Current portion of amounts payable after more than one year | 42 | €9,287 | €7,017 | -€2,269 | -24.4% |
| Trade debts | 44 | €2,830 | €4,109 | +€1,279 | +45.2% |
| Suppliers | 440/4 | €2,830 | €4,109 | +€1,279 | +45.2% |
| Taxes, remuneration and social security | 45 | €6,117 | €2,359 | -€3,758 | -61.4% |
| Taxes | 450/3 | €6,117 | €2,359 | -€3,758 | -61.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,754 | €3,000 | -€754 | -20.1% |
| Other operating charges | 640/8 | €2,011 | €192 | -€1,819 | -90.5% |
| Gross operating margin | 9900 | €63,094 | €21,382 | -€41,712 | -66.1% |
| Operating profit (loss) | 9901 | €57,329 | €18,191 | -€39,138 | -68.3% |
| Financial income | 75/76B | - | €12,845 | +€12,845 | |
| Recurring financial income | 75 | - | €12,845 | +€12,845 | |
| Financial charges | 65/66B | €1,565 | €653 | -€912 | -58.3% |
| Recurring financial charges | 65 | €1,565 | €653 | -€912 | -58.3% |
| Profit (loss) for the period before taxes | 9903 | €55,764 | €30,383 | -€25,381 | -45.5% |
| Income taxes | 67/77 | €15,798 | €9,000 | -€6,798 | -43.0% |
| Profit (loss) for the period | 9904 | €39,966 | €21,383 | -€18,583 | -46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €39,966 | €21,383 | -€18,583 | -46.5% |
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 4 October 2026 via checked.be.