ESTIA: 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.
ESTIA
Largest movements
- Cash +€30,798
up €30,798 (+25.5%), from €121,007 to €151,806
mainly Net result for the year (+€16,215) and Other debts (+€12,549)
- Receivables within one year -€4,064
down €4,064 (-21.7%), from €18,735 to €14,671
of which Trade receivables: -€4,171
- Tangible fixed assets -€3,147
down €3,147 (-27.4%), from €11,494 to €8,347
of which Plant, machinery and equipment: -€2,532
- Reserves +€16,215
up €16,215 (+22.0%), from €73,844 to €90,059
- Accrued charges and deferred income -€14,681
no longer reported in 2025 (was €14,681)
- Other debts +€12,549
up €12,549 (+446.0%), from €2,813 to €15,362
- Trade debts +€11,036
up €11,036 (+1543.8%), from €715 to €11,751
- Other operating charges +€8,774
up €8,774 (+473.8%), from €1,852 to €10,626
- Staff costs -€8,287
down €8,287 (-3.4%), from €247,310 to €239,023
- Gross operating margin -€4,692
down €4,692 (-1.7%), from €281,186 to €276,494
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 | €157,982 | €181,800 | +€23,818 | +15.1% |
| Fixed assets | 21/28 | €11,494 | €8,347 | -€3,147 | -27.4% |
| Tangible fixed assets | 22/27 | €11,494 | €8,347 | -€3,147 | -27.4% |
| Plant, machinery and equipment | 23 | €9,114 | €6,581 | -€2,532 | -27.8% |
| Furniture and vehicles | 24 | €2,381 | €1,766 | -€615 | -25.8% |
| Current assets | 29/58 | €146,488 | €173,453 | +€26,965 | +18.4% |
| Stocks and contracts in progress | 3 | €5,995 | €6,226 | +€231 | +3.9% |
| Stocks | 30/36 | €5,995 | €6,226 | +€231 | +3.9% |
| Amounts receivable within one year | 40/41 | €18,735 | €14,671 | -€4,064 | -21.7% |
| Trade receivables | 40 | €17,708 | €13,537 | -€4,171 | -23.6% |
| Other amounts receivable | 41 | €1,028 | €1,134 | +€107 | +10.4% |
| Cash at bank and in hand | 54/58 | €121,007 | €151,806 | +€30,798 | +25.5% |
| Deferred charges and accrued income | 490/1 | €750 | €750 | = | 0.0% |
| Total equity and liabilities | 10/49 | €157,982 | €181,800 | +€23,818 | +15.1% |
| Equity | 10/15 | €92,444 | €108,659 | +€16,215 | +17.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €73,844 | €90,059 | +€16,215 | +22.0% |
| Distributable reserves | 133 | €73,844 | €90,059 | +€16,215 | +22.0% |
| Amounts payable | 17/49 | €65,538 | €73,141 | +€7,603 | +11.6% |
| Amounts payable within one year | 42/48 | €50,857 | €73,141 | +€22,284 | +43.8% |
| Trade debts | 44 | €715 | €11,751 | +€11,036 | +1543.8% |
| Suppliers | 440/4 | €715 | €11,751 | +€11,036 | +1543.8% |
| Taxes, remuneration and social security | 45 | €47,329 | €46,028 | -€1,300 | -2.7% |
| Taxes | 450/3 | €15,814 | €16,236 | +€422 | +2.7% |
| Remuneration and social security | 454/9 | €31,515 | €29,793 | -€1,722 | -5.5% |
| Other amounts payable | 47/48 | €2,813 | €15,362 | +€12,549 | +446.0% |
| Accrued charges and deferred income | 492/3 | €14,681 | - | -€14,681 | |
| Remuneration, social security and pensions | 62 | €247,310 | €239,023 | -€8,287 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,187 | €3,147 | -€40 | -1.2% |
| Other operating charges | 640/8 | €1,852 | €10,626 | +€8,774 | +473.8% |
| Gross operating margin | 9900 | €281,186 | €276,494 | -€4,692 | -1.7% |
| Operating profit (loss) | 9901 | €28,837 | €23,698 | -€5,139 | -17.8% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.8% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.8% |
| Financial charges | 65/66B | €237 | €342 | +€104 | +43.9% |
| Recurring financial charges | 65 | €237 | €342 | +€104 | +43.9% |
| Profit (loss) for the period before taxes | 9903 | €28,602 | €23,357 | -€5,245 | -18.3% |
| Income taxes | 67/77 | €8,764 | €7,142 | -€1,622 | -18.5% |
| Profit (loss) for the period | 9904 | €19,838 | €16,215 | -€3,623 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €19,838 | €16,215 | -€3,623 | -18.3% |
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 7 October 2026 via checked.be.