ESTIMO: 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.
ESTIMO
Largest movements
- Receivables within one year -€9,851
down €9,851 (-77.3%), from €12,746 to €2,895
- Cash +€9,209
up €9,209 (+44.9%), from €20,495 to €29,704
mainly Receivables within one year (+€9,851) and Depreciation (+€6,013)
- Tangible fixed assets -€6,013
down €6,013 (-5.8%), from €104,087 to €98,074
of which Land and buildings: -€5,020
- Deferred charges and accrued income +€4,600
up €4,600 (+65.2%), from €7,050 to €11,650
- Other debts -€3,074
no longer reported in 2024 (was €3,074)
- Reserves +€1,577
up €1,577 (+2.0%), from €77,175 to €78,752
of which Distributable reserves: +€1,577
- Gross operating margin +€2,672
up €2,672 (+20.9%), from €12,780 to €15,452
- Taxes +€792
new in 2024: €792
- Depreciation -€225
down €225 (-3.6%), from €6,238 to €6,013
- Other operating charges +€209
up €209 (+3.1%), from €6,750 to €6,959
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,378 | €142,323 | -€2,055 | -1.4% |
| Fixed assets | 21/28 | €104,087 | €98,074 | -€6,013 | -5.8% |
| Tangible fixed assets | 22/27 | €104,087 | €98,074 | -€6,013 | -5.8% |
| Land and buildings | 22 | €97,728 | €92,708 | -€5,020 | -5.1% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €6,359 | €5,365 | -€993 | -15.6% |
| Current assets | 29/58 | €40,291 | €44,249 | +€3,958 | +9.8% |
| Amounts receivable within one year | 40/41 | €12,746 | €2,895 | -€9,851 | -77.3% |
| Other amounts receivable | 41 | €12,746 | €2,895 | -€9,851 | -77.3% |
| Cash at bank and in hand | 54/58 | €20,495 | €29,704 | +€9,209 | +44.9% |
| Deferred charges and accrued income | 490/1 | €7,050 | €11,650 | +€4,600 | +65.2% |
| Total equity and liabilities | 10/49 | €144,378 | €142,323 | -€2,055 | -1.4% |
| Equity | 10/15 | €139,175 | €140,752 | +€1,577 | +1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €77,175 | €78,752 | +€1,577 | +2.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €70,975 | €72,552 | +€1,577 | +2.2% |
| Amounts payable | 17/49 | €5,203 | €1,570 | -€3,633 | -69.8% |
| Amounts payable after more than one year | 17 | €250 | €750 | +€500 | +200.0% |
| Other amounts payable | 178/9 | €250 | €750 | +€500 | +200.0% |
| Amounts payable within one year | 42/48 | €4,953 | €820 | -€4,133 | -83.4% |
| Trade debts | 44 | €1,244 | €28 | -€1,216 | -97.7% |
| Suppliers | 440/4 | €1,244 | €28 | -€1,216 | -97.7% |
| Taxes, remuneration and social security | 45 | €636 | €792 | +€157 | +24.6% |
| Taxes | 450/3 | €636 | €792 | +€157 | +24.6% |
| Other amounts payable | 47/48 | €3,074 | - | -€3,074 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,238 | €6,013 | -€225 | -3.6% |
| Other operating charges | 640/8 | €6,750 | €6,959 | +€209 | +3.1% |
| Gross operating margin | 9900 | €12,780 | €15,452 | +€2,672 | +20.9% |
| Operating profit (loss) | 9901 | -€208 | €2,480 | +€2,688 | |
| Financial charges | 65/66B | €110 | €110 | +€0 | +0.1% |
| Recurring financial charges | 65 | €110 | €110 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€318 | €2,370 | +€2,688 | |
| Income taxes | 67/77 | - | €792 | +€792 | |
| Profit (loss) for the period | 9904 | -€318 | €1,577 | +€1,896 | |
| Profit (loss) for the period to be appropriated | 9905 | -€318 | €1,577 | +€1,896 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.