ESTIA GROUP: 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 GROUP
Largest movements
- Cash +€1.8m
up €1.8m (+188,741%), from €930 to €1.8m
mainly Other debts (+€1.3m) and Net result for the year (+€1.1m)
- Financial fixed assets -€668,438
down €668,438 (-96.9%), from €690,000 to €21,562
- Receivables after one year -€258,717
no longer reported in 2025 (was €258,717)
- Deferred charges and accrued income +€100,000
new in 2025: €100,000
- Other debts +€1.3m
up €1.3m (+1,019%), from €126,480 to €1.4m
- Trade debts -€371,053
down €371,053 (-83.6%), from €443,998 to €72,945
- Debts after one year -€240,413
down €240,413 (-43.0%), from €558,981 to €318,568
- Short-term financial debts +€126,564
new in 2025: €126,564
- Tax, wage and social debts +€71,478
up €71,478 (+367%), from €19,456 to €90,934
- Financial income +€963,043
up €963,043 (+34,138%), from €2,821 to €965,864
of which Non-recurring financial income: +€860,028
- Gross operating margin +€183,491
up €183,491 (+209%), from €87,681 to €271,172
- Taxes +€51,148
up €51,148 (+263%), from €19,456 to €70,604
- Financial charges +€5,615
up €5,615 (+31.7%), from €17,698 to €23,313
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 | €1,244,577 | €2,162,280 | +€917,703 | +73.7% |
| Fixed assets | 21/28 | €690,000 | €21,562 | -€668,438 | -96.9% |
| Financial fixed assets | 28 | €690,000 | €21,562 | -€668,438 | -96.9% |
| Current assets | 29/58 | €554,577 | €2,140,718 | +€1.6m | +286% |
| Amounts receivable after more than one year | 29 | €258,717 | - | -€258,717 | |
| Other amounts receivable | 291 | €258,717 | - | -€258,717 | |
| Amounts receivable within one year | 40/41 | €294,930 | €284,498 | -€10,432 | -3.5% |
| Trade receivables | 40 | €162,690 | €55,465 | -€107,225 | -65.9% |
| Other amounts receivable | 41 | €132,240 | €229,033 | +€96,793 | +73.2% |
| Cash at bank and in hand | 54/58 | €930 | €1,756,220 | +€1.8m | +188,741% |
| Deferred charges and accrued income | 490/1 | - | €100,000 | +€100,000 | |
| Total equity and liabilities | 10/49 | €1,244,577 | €2,162,280 | +€917,703 | +73.7% |
| Equity | 10/15 | €95,662 | €138,051 | +€42,389 | +44.3% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,662 | €132,051 | +€42,389 | +47.3% |
| Amounts payable | 17/49 | €1,148,915 | €2,024,229 | +€875,314 | +76.2% |
| Amounts payable after more than one year | 17 | €558,981 | €318,568 | -€240,413 | -43.0% |
| Financial debts | 170/4 | €558,981 | €318,568 | -€240,413 | -43.0% |
| Amounts payable within one year | 42/48 | €589,934 | €1,705,661 | +€1.1m | +189% |
| Financial debts | 43 | - | €126,564 | +€126,564 | |
| Credit institutions | 430/8 | - | €126,564 | +€126,564 | |
| Trade debts | 44 | €443,998 | €72,945 | -€371,053 | -83.6% |
| Suppliers | 440/4 | €443,998 | €72,945 | -€371,053 | -83.6% |
| Taxes, remuneration and social security | 45 | €19,456 | €90,934 | +€71,478 | +367% |
| Taxes | 450/3 | €19,456 | €90,934 | +€71,478 | +367% |
| Other amounts payable | 47/48 | €126,480 | €1,415,218 | +€1.3m | +1,019% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,405 | - | -€1,405 | |
| Other operating charges | 640/8 | - | €730 | +€730 | |
| Gross operating margin | 9900 | €87,681 | €271,172 | +€183,491 | +209% |
| Operating profit (loss) | 9901 | €86,276 | €270,442 | +€184,166 | +213% |
| Financial income | 75/76B | €2,821 | €965,864 | +€963,043 | +34,138% |
| Recurring financial income | 75 | €2,821 | €105,836 | +€103,015 | +3,652% |
| Non-recurring financial income | 76B | - | €860,028 | +€860,028 | |
| Financial charges | 65/66B | €17,698 | €23,313 | +€5,615 | +31.7% |
| Recurring financial charges | 65 | €17,698 | €23,313 | +€5,615 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €71,399 | €1,212,993 | +€1.1m | +1,599% |
| Income taxes | 67/77 | €19,456 | €70,604 | +€51,148 | +263% |
| Profit (loss) for the period | 9904 | €51,943 | €1,142,389 | +€1.1m | +2,099% |
| Profit (loss) for the period to be appropriated | 9905 | €51,943 | €1,142,389 | +€1.1m | +2,099% |
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 26 October 2026 via checked.be.