Estimm: 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.
Estimm
Largest movements
- Cash +€11,501
up €11,501 (+97.0%), from €11,851 to €23,352
mainly Depreciation (+€14,349) and Net result for the year (+€7,018)
- Tangible fixed assets -€6,932
down €6,932 (-26.7%), from €25,953 to €19,020
of which Furniture and vehicles: -€12,088
- Receivables within one year -€879
down €879 (-20.8%), from €4,214 to €3,335
of which Trade receivables: -€2,151
- Intangible fixed assets -€695
down €695 (-47.0%), from €1,479 to €784
- Debts after one year -€8,158
down €8,158 (-51.1%), from €15,972 to €7,814
- Profit (loss) carried forward +€7,018
up €7,018 (+103.9%), from €6,757 to €13,774
- Trade debts +€5,156
up €5,156 (+471.9%), from €1,093 to €6,249
- Other debts -€2,323
down €2,323 (-38.0%), from €6,115 to €3,792
- Tax, wage and social debts +€561
up €561 (+13.6%), from €4,121 to €4,682
- Gross operating margin +€4,027
up €4,027 (+18.5%), from €21,812 to €25,839
- Taxes +€644
up €644 (+30.9%), from €2,083 to €2,727
- Depreciation +€540
up €540 (+3.9%), from €13,809 to €14,349
- Financial charges -€351
down €351 (-20.8%), from €1,690 to €1,339
- Other operating charges +€338
up €338 (+264.8%), from €128 to €465
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 | €44,756 | €47,437 | +€2,681 | +6.0% |
| Fixed assets | 21/28 | €28,376 | €20,749 | -€7,627 | -26.9% |
| Intangible fixed assets | 21 | €1,479 | €784 | -€695 | -47.0% |
| Tangible fixed assets | 22/27 | €25,953 | €19,020 | -€6,932 | -26.7% |
| Plant, machinery and equipment | 23 | €2,233 | €2,922 | +€690 | +30.9% |
| Furniture and vehicles | 24 | €23,720 | €11,631 | -€12,088 | -51.0% |
| Other tangible fixed assets | 26 | - | €4,466 | +€4,466 | |
| Financial fixed assets | 28 | €945 | €945 | = | 0.0% |
| Current assets | 29/58 | €16,380 | €26,688 | +€10,308 | +62.9% |
| Amounts receivable within one year | 40/41 | €4,214 | €3,335 | -€879 | -20.8% |
| Trade receivables | 40 | €4,214 | €2,063 | -€2,151 | -51.0% |
| Other amounts receivable | 41 | - | €1,273 | +€1,273 | |
| Cash at bank and in hand | 54/58 | €11,851 | €23,352 | +€11,501 | +97.0% |
| Deferred charges and accrued income | 490/1 | €315 | - | -€315 | |
| Total equity and liabilities | 10/49 | €44,756 | €47,437 | +€2,681 | +6.0% |
| Equity | 10/15 | €9,757 | €16,774 | +€7,018 | +71.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,757 | €13,774 | +€7,018 | +103.9% |
| Amounts payable | 17/49 | €34,999 | €30,662 | -€4,337 | -12.4% |
| Amounts payable after more than one year | 17 | €15,972 | €7,814 | -€8,158 | -51.1% |
| Financial debts | 170/4 | €15,972 | €7,814 | -€8,158 | -51.1% |
| Amounts payable within one year | 42/48 | €19,027 | €22,849 | +€3,821 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €7,699 | €8,126 | +€428 | +5.6% |
| Trade debts | 44 | €1,093 | €6,249 | +€5,156 | +471.9% |
| Suppliers | 440/4 | €1,093 | €6,249 | +€5,156 | +471.9% |
| Taxes, remuneration and social security | 45 | €4,121 | €4,682 | +€561 | +13.6% |
| Taxes | 450/3 | €4,121 | €4,682 | +€561 | +13.6% |
| Other amounts payable | 47/48 | €6,115 | €3,792 | -€2,323 | -38.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,809 | €14,349 | +€540 | +3.9% |
| Other operating charges | 640/8 | €128 | €465 | +€338 | +264.8% |
| Gross operating margin | 9900 | €21,812 | €25,839 | +€4,027 | +18.5% |
| Operating profit (loss) | 9901 | €7,875 | €11,025 | +€3,150 | +40.0% |
| Financial income | 75/76B | €6 | €59 | +€53 | +877.2% |
| Recurring financial income | 75 | €6 | €59 | +€53 | +877.2% |
| Financial charges | 65/66B | €1,690 | €1,339 | -€351 | -20.8% |
| Recurring financial charges | 65 | €1,690 | €1,339 | -€351 | -20.8% |
| Profit (loss) for the period before taxes | 9903 | €6,192 | €9,745 | +€3,553 | +57.4% |
| Income taxes | 67/77 | €2,083 | €2,727 | +€644 | +30.9% |
| Profit (loss) for the period | 9904 | €4,108 | €7,018 | +€2,909 | +70.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,108 | €7,018 | +€2,909 | +70.8% |
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 9 October 2026 via checked.be.