ESTIA: 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.
ESTIA
Largest movements
- Receivables within one year -€695,475
down €695,475 (-90.0%), from €772,826 to €77,350
of which Other amounts receivable: -€693,406
- Profit (loss) carried forward -€282,164
down €282,164 (-77.9%), from €362,307 to €80,142
- Other debts -€277,182
down €277,182 (-36.0%), from €769,428 to €492,246
- Debts after one year -€150,649
down €150,649 (-3.8%), from €4.0m to €3.8m
- Financial income -€29,328
down €29,328 (-27.5%), from €106,642 to €77,313
- Gross operating margin +€20,011
up €20,011 (+5.5%), from €363,444 to €383,455
- Other operating charges -€4,400
down €4,400 (-11.2%), from €39,180 to €34,780
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 | €5,694,315 | €5,025,342 | -€668,973 | -11.7% |
| Fixed assets | 21/28 | €178,679 | €178,679 | = | 0.0% |
| Tangible fixed assets | 22/27 | €178,679 | €178,679 | = | 0.0% |
| Land and buildings | 22 | €178,679 | €178,679 | = | 0.0% |
| Current assets | 29/58 | €5,515,636 | €4,846,663 | -€668,973 | -12.1% |
| Amounts receivable after more than one year | 29 | €4,701,755 | €4,701,755 | = | 0.0% |
| Other amounts receivable | 291 | €4,701,755 | €4,701,755 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €772,826 | €77,350 | -€695,475 | -90.0% |
| Trade receivables | 40 | €2,070 | €0 | -€2,070 | -100% |
| Other amounts receivable | 41 | €770,756 | €77,350 | -€693,406 | -90.0% |
| Cash at bank and in hand | 54/58 | €36,760 | €65,763 | +€29,002 | +78.9% |
| Deferred charges and accrued income | 490/1 | €4,295 | €1,795 | -€2,500 | -58.2% |
| Total equity and liabilities | 10/49 | €5,694,315 | €5,025,342 | -€668,973 | -11.7% |
| Equity | 10/15 | €783,007 | €500,843 | -€282,164 | -36.0% |
| Contributions | 10/11 | €294,000 | €294,000 | = | 0.0% |
| Capital | 10 | €294,000 | €294,000 | = | 0.0% |
| Issued capital | 100 | €294,000 | €294,000 | = | 0.0% |
| Reserves | 13 | €126,701 | €126,701 | = | 0.0% |
| Non-distributable reserves | 130/1 | €126,701 | €126,701 | = | 0.0% |
| Legal reserve | 130 | €126,701 | €126,701 | = | 0.0% |
| Profit (loss) carried forward | 14 | €362,307 | €80,142 | -€282,164 | -77.9% |
| Amounts payable | 17/49 | €4,911,308 | €4,524,500 | -€386,808 | -7.9% |
| Amounts payable after more than one year | 17 | €3,995,000 | €3,844,351 | -€150,649 | -3.8% |
| Financial debts | 170/4 | €3,995,000 | €3,844,351 | -€150,649 | -3.8% |
| Amounts payable within one year | 42/48 | €912,358 | €677,949 | -€234,409 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €141,000 | €185,649 | +€44,649 | +31.7% |
| Trade debts | 44 | €1,930 | €0 | -€1,930 | -100% |
| Suppliers | 440/4 | €1,930 | €0 | -€1,930 | -100% |
| Taxes, remuneration and social security | 45 | €0 | €54 | +€54 | |
| Taxes | 450/3 | €0 | €54 | +€54 | |
| Other amounts payable | 47/48 | €769,428 | €492,246 | -€277,182 | -36.0% |
| Accrued charges and deferred income | 492/3 | €3,950 | €2,200 | -€1,750 | -44.3% |
| Other operating charges | 640/8 | €39,180 | €34,780 | -€4,400 | -11.2% |
| Gross operating margin | 9900 | €363,444 | €383,455 | +€20,011 | +5.5% |
| Operating profit (loss) | 9901 | €324,264 | €348,675 | +€24,412 | +7.5% |
| Financial income | 75/76B | €106,642 | €77,313 | -€29,328 | -27.5% |
| Recurring financial income | 75 | €106,642 | €77,313 | -€29,328 | -27.5% |
| Financial charges | 65/66B | €144,437 | €145,809 | +€1,372 | +0.9% |
| Recurring financial charges | 65 | €144,437 | €145,809 | +€1,372 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €286,468 | €280,180 | -€6,288 | -2.2% |
| Income taxes | 67/77 | €69,592 | €70,098 | +€506 | +0.7% |
| Profit (loss) for the period | 9904 | €216,876 | €210,082 | -€6,795 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €216,876 | €210,082 | -€6,795 | -3.1% |
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 24 October 2026 via checked.be.