ESTHIMMO: 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.
ESTHIMMO
Largest movements
- Cash -€12,850
down €12,850 (-84.4%), from €15,226 to €2,376
mainly Debts after one year (-€35,467) and Accrued charges and deferred income (-€4,400)
- Tangible fixed assets -€12,138
down €12,138 (-2.2%), from €543,912 to €531,774
- Debts after one year -€35,467
down €35,467 (-9.1%), from €389,770 to €354,303
- Profit (loss) carried forward +€17,811
up €17,811, from -€2,774 to €15,037
- Other operating charges -€8,868
down €8,868 (-67.5%), from €13,135 to €4,267
- Taxes +€5,000
new in 2025: €5,000
- Gross operating margin -€813
down €813 (-1.7%), from €47,016 to €46,203
- Financial charges -€532
down €532 (-7.1%), from €7,519 to €6,987
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 | €559,138 | €534,150 | -€24,988 | -4.5% |
| Fixed assets | 21/28 | €543,912 | €531,774 | -€12,138 | -2.2% |
| Tangible fixed assets | 22/27 | €543,912 | €531,774 | -€12,138 | -2.2% |
| Other tangible fixed assets | 26 | €543,912 | €531,774 | -€12,138 | -2.2% |
| Current assets | 29/58 | €15,226 | €2,376 | -€12,850 | -84.4% |
| Cash at bank and in hand | 54/58 | €15,226 | €2,376 | -€12,850 | -84.4% |
| Total equity and liabilities | 10/49 | €559,138 | €534,150 | -€24,988 | -4.5% |
| Equity | 10/15 | €117,226 | €135,037 | +€17,811 | +15.2% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,774 | €15,037 | +€17,811 | |
| Amounts payable | 17/49 | €441,912 | €399,113 | -€42,799 | -9.7% |
| Amounts payable after more than one year | 17 | €389,770 | €354,303 | -€35,467 | -9.1% |
| Financial debts | 170/4 | €389,770 | €354,303 | -€35,467 | -9.1% |
| Amounts payable within one year | 42/48 | €47,742 | €44,810 | -€2,932 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €34,935 | €35,467 | +€532 | +1.5% |
| Trade debts | 44 | €9,065 | €6,021 | -€3,044 | -33.6% |
| Suppliers | 440/4 | €9,065 | €6,021 | -€3,044 | -33.6% |
| Other amounts payable | 47/48 | €3,742 | €3,322 | -€420 | -11.2% |
| Accrued charges and deferred income | 492/3 | €4,400 | - | -€4,400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,138 | €12,138 | = | 0.0% |
| Other operating charges | 640/8 | €13,135 | €4,267 | -€8,868 | -67.5% |
| Gross operating margin | 9900 | €47,016 | €46,203 | -€813 | -1.7% |
| Operating profit (loss) | 9901 | €21,743 | €29,798 | +€8,055 | +37.0% |
| Financial charges | 65/66B | €7,519 | €6,987 | -€532 | -7.1% |
| Recurring financial charges | 65 | €7,519 | €6,987 | -€532 | -7.1% |
| Profit (loss) for the period before taxes | 9903 | €14,224 | €22,811 | +€8,587 | +60.4% |
| Income taxes | 67/77 | - | €5,000 | +€5,000 | |
| Profit (loss) for the period | 9904 | €14,224 | €17,811 | +€3,587 | +25.2% |
| Profit (loss) for the period to be appropriated | 9905 | €14,224 | €17,811 | +€3,587 | +25.2% |
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 29 September 2026 via checked.be.