ESTIM: 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.
ESTIM
Largest movements
- Current investments -€10,725
down €10,725 (-32.8%), from €32,682 to €21,957
- Intangible fixed assets -€5,288
down €5,288 (-15.1%), from €35,125 to €29,837
- Debts after one year -€12,983
down €12,983 (-10.2%), from €127,777 to €114,794
of which Financial debts: -€7,436
- Profit (loss) carried forward -€8,145
down €8,145 (-21.4%), from €38,025 to €29,881
- Accrued charges and deferred income +€6,728
up €6,728 (+9.3%), from €72,238 to €78,966
- Current portion of long-term debt -€6,035
down €6,035 (-44.8%), from €13,471 to €7,436
- Tax, wage and social debts +€4,425
up €4,425 (+246%), from €1,800 to €6,225
- Gross operating margin +€7,598
up €7,598 (+115%), from €6,621 to €14,219
- Depreciation +€2,559
up €2,559 (+42.9%), from €5,966 to €8,525
- Taxes +€1,177
up €1,177 (+36.2%), from €3,248 to €4,425
- Financial charges +€284
up €284 (+4.5%), from €6,383 to €6,667
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 | €388,367 | €369,662 | -€18,705 | -4.8% |
| Fixed assets | 21/28 | €343,327 | €337,115 | -€6,212 | -1.8% |
| Intangible fixed assets | 21 | €35,125 | €29,837 | -€5,288 | -15.1% |
| Tangible fixed assets | 22/27 | €8,323 | €7,399 | -€924 | -11.1% |
| Plant, machinery and equipment | 23 | €6,857 | €7,399 | +€542 | +7.9% |
| Furniture and vehicles | 24 | €1,466 | - | -€1,466 | |
| Financial fixed assets | 28 | €299,879 | €299,879 | = | 0.0% |
| Current assets | 29/58 | €45,040 | €32,547 | -€12,493 | -27.7% |
| Amounts receivable within one year | 40/41 | €5,502 | €5,002 | -€500 | -9.1% |
| Other amounts receivable | 41 | €5,502 | €5,002 | -€500 | -9.1% |
| Current investments | 50/53 | €32,682 | €21,957 | -€10,725 | -32.8% |
| Cash at bank and in hand | 54/58 | - | €1,152 | +€1,152 | |
| Deferred charges and accrued income | 490/1 | €6,857 | €4,437 | -€2,420 | -35.3% |
| Total equity and liabilities | 10/49 | €388,367 | €369,662 | -€18,705 | -4.8% |
| Equity | 10/15 | €168,382 | €160,237 | -€8,145 | -4.8% |
| Contributions | 10/11 | €117,749 | €117,749 | = | 0.0% |
| Reserves | 13 | €12,607 | €12,607 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,917 | €10,917 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,917 | €10,917 | = | 0.0% |
| Distributable reserves | 133 | €1,690 | €1,690 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,025 | €29,881 | -€8,145 | -21.4% |
| Amounts payable | 17/49 | €219,985 | €209,425 | -€10,561 | -4.8% |
| Amounts payable after more than one year | 17 | €127,777 | €114,794 | -€12,983 | -10.2% |
| Financial debts | 170/4 | €20,586 | €13,151 | -€7,436 | -36.1% |
| Other amounts payable | 178/9 | €107,191 | €101,643 | -€5,547 | -5.2% |
| Amounts payable within one year | 42/48 | €19,971 | €15,665 | -€4,306 | -21.6% |
| Current portion of amounts payable after more than one year | 42 | €13,471 | €7,436 | -€6,035 | -44.8% |
| Financial debts | 43 | €581 | - | -€581 | |
| Credit institutions | 430/8 | €581 | - | -€581 | |
| Trade debts | 44 | €4,120 | €2,004 | -€2,115 | -51.3% |
| Suppliers | 440/4 | €4,120 | €2,004 | -€2,115 | -51.3% |
| Taxes, remuneration and social security | 45 | €1,800 | €6,225 | +€4,425 | +246% |
| Taxes | 450/3 | €1,800 | €6,225 | +€4,425 | +246% |
| Accrued charges and deferred income | 492/3 | €72,238 | €78,966 | +€6,728 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,966 | €8,525 | +€2,559 | +42.9% |
| Other operating charges | 640/8 | €2,651 | €2,753 | +€102 | +3.8% |
| Gross operating margin | 9900 | €6,621 | €14,219 | +€7,598 | +115% |
| Operating profit (loss) | 9901 | -€1,997 | €2,940 | +€4,937 | |
| Financial income | 75/76B | €0 | €8 | +€8 | +38,300% |
| Recurring financial income | 75 | €0 | €8 | +€8 | +38,300% |
| Financial charges | 65/66B | €6,383 | €6,667 | +€284 | +4.5% |
| Recurring financial charges | 65 | €6,383 | €6,667 | +€284 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | -€8,380 | -€3,719 | +€4,660 | +55.6% |
| Income taxes | 67/77 | €3,248 | €4,425 | +€1,177 | +36.2% |
| Profit (loss) for the period | 9904 | -€11,628 | -€8,145 | +€3,483 | +30.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,628 | -€8,145 | +€3,483 | +30.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.