ESTHETICO THERMAE: 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.
ESTHETICO THERMAE
Largest movements
- Cash -€3,570
down €3,570 (-12.3%), from €29,124 to €25,554
mainly Other debts (-€4,938) and Stocks and contracts (-€1,084)
- Stocks and contracts +€1,084
up €1,084 (+23.8%), from €4,557 to €5,640
- Tangible fixed assets -€985
down €985 (-19.1%), from €5,152 to €4,167
of which Leasing and similar rights: -€596
- Other debts -€4,938
down €4,938 (-17.7%), from €27,913 to €22,975
- Profit (loss) carried forward +€1,952
up €1,952, from -€1,424 to €528
- Gross operating margin +€2,282
up €2,282 (+68.7%), from €3,320 to €5,602
- Financial charges +€109
up €109 (+67.8%), from €160 to €269
- Other operating charges +€104
up €104 (+4.6%), from €2,291 to €2,395
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 | €39,303 | €36,022 | -€3,281 | -8.3% |
| Fixed assets | 21/28 | €5,400 | €4,415 | -€985 | -18.2% |
| Tangible fixed assets | 22/27 | €5,152 | €4,167 | -€985 | -19.1% |
| Furniture and vehicles | 24 | €653 | €367 | -€286 | -43.8% |
| Leasing and similar rights | 25 | €4,085 | €3,489 | -€596 | -14.6% |
| Other tangible fixed assets | 26 | €415 | €311 | -€104 | -25.0% |
| Financial fixed assets | 28 | €248 | €248 | = | 0.0% |
| Current assets | 29/58 | €33,903 | €31,607 | -€2,296 | -6.8% |
| Stocks and contracts in progress | 3 | €4,557 | €5,640 | +€1,084 | +23.8% |
| Stocks | 30/36 | €4,557 | €5,640 | +€1,084 | +23.8% |
| Cash at bank and in hand | 54/58 | €29,124 | €25,554 | -€3,570 | -12.3% |
| Deferred charges and accrued income | 490/1 | €223 | €413 | +€191 | +85.5% |
| Total equity and liabilities | 10/49 | €39,303 | €36,022 | -€3,281 | -8.3% |
| Equity | 10/15 | €10,976 | €12,928 | +€1,952 | +17.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,424 | €528 | +€1,952 | |
| Amounts payable | 17/49 | €28,327 | €23,094 | -€5,233 | -18.5% |
| Amounts payable within one year | 42/48 | €28,327 | €23,094 | -€5,233 | -18.5% |
| Trade debts | 44 | €415 | €119 | -€295 | -71.2% |
| Suppliers | 440/4 | €415 | €119 | -€295 | -71.2% |
| Other amounts payable | 47/48 | €27,913 | €22,975 | -€4,938 | -17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €970 | €985 | +€16 | +1.6% |
| Other operating charges | 640/8 | €2,291 | €2,395 | +€104 | +4.6% |
| Gross operating margin | 9900 | €3,320 | €5,602 | +€2,282 | +68.7% |
| Operating profit (loss) | 9901 | €60 | €2,221 | +€2,161 | +3,608% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €160 | €269 | +€109 | +67.8% |
| Recurring financial charges | 65 | €160 | €269 | +€109 | +67.8% |
| Profit (loss) for the period before taxes | 9903 | -€100 | €1,952 | +€2,053 | |
| Profit (loss) for the period | 9904 | -€100 | €1,952 | +€2,053 | |
| Profit (loss) for the period to be appropriated | 9905 | -€100 | €1,952 | +€2,053 |
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 30 October 2026 via checked.be.