ESTIPRO: 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.
ESTIPRO
Largest movements
- Tangible fixed assets -€166,612
down €166,612 (-16.6%), from €1.0m to €838,285
of which Other tangible fixed assets: -€88,896
- Stocks and contracts -€53,455
down €53,455 (-33.5%), from €159,545 to €106,090
- Cash -€37,168
down €37,168 (-44.0%), from €84,424 to €47,256
mainly Net result for the year (-€144,561) and Debts after one year (-€120,192)
- Profit (loss) carried forward -€144,561
down €144,561 (-475.6%), from -€30,398 to -€174,959
- Debts after one year -€120,192
down €120,192 (-21.4%), from €561,179 to €440,987
- Trade debts -€15,832
down €15,832 (-3.6%), from €442,404 to €426,572
- Gross operating margin -€171,946
down €171,946 (-47.3%), from €363,338 to €191,392
- Staff costs -€33,502
down €33,502 (-15.8%), from €211,435 to €177,934
- Depreciation -€6,435
down €6,435 (-4.6%), from €139,057 to €132,622
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 | €1,324,385 | €1,045,597 | -€278,788 | -21.1% |
| Formation expenses | 20 | €29,927 | €19,598 | -€10,329 | -34.5% |
| Fixed assets | 21/28 | €1,005,260 | €838,648 | -€166,612 | -16.6% |
| Tangible fixed assets | 22/27 | €1,004,897 | €838,285 | -€166,612 | -16.6% |
| Plant, machinery and equipment | 23 | €398,746 | €329,331 | -€69,415 | -17.4% |
| Furniture and vehicles | 24 | €4,161 | €3,563 | -€598 | -14.4% |
| Leasing and similar rights | 25 | €68,693 | €60,990 | -€7,703 | -11.2% |
| Other tangible fixed assets | 26 | €533,297 | €444,401 | -€88,896 | -16.7% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €289,198 | €187,351 | -€101,847 | -35.2% |
| Stocks and contracts in progress | 3 | €159,545 | €106,090 | -€53,455 | -33.5% |
| Stocks | 30/36 | €159,545 | €106,090 | -€53,455 | -33.5% |
| Amounts receivable within one year | 40/41 | €30,659 | €18,285 | -€12,374 | -40.4% |
| Trade receivables | 40 | €15,131 | €9,278 | -€5,853 | -38.7% |
| Other amounts receivable | 41 | €15,528 | €9,007 | -€6,521 | -42.0% |
| Cash at bank and in hand | 54/58 | €84,424 | €47,256 | -€37,168 | -44.0% |
| Deferred charges and accrued income | 490/1 | €14,570 | €15,721 | +€1,151 | +7.9% |
| Total equity and liabilities | 10/49 | €1,324,385 | €1,045,597 | -€278,788 | -21.1% |
| Equity | 10/15 | €19,602 | -€124,959 | -€144,561 | |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€30,398 | -€174,959 | -€144,561 | -475.6% |
| Provisions and deferred taxes | 16 | €25,000 | €25,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €25,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,279,783 | €1,145,556 | -€134,227 | -10.5% |
| Amounts payable after more than one year | 17 | €561,179 | €440,987 | -€120,192 | -21.4% |
| Financial debts | 170/4 | €561,179 | €440,987 | -€120,192 | -21.4% |
| Amounts payable within one year | 42/48 | €707,552 | €684,570 | -€22,982 | -3.2% |
| Current portion of amounts payable after more than one year | 42 | €124,702 | €128,131 | +€3,429 | +2.7% |
| Trade debts | 44 | €442,404 | €426,572 | -€15,832 | -3.6% |
| Suppliers | 440/4 | €442,404 | €426,572 | -€15,832 | -3.6% |
| Taxes, remuneration and social security | 45 | €22,521 | €17,712 | -€4,809 | -21.4% |
| Taxes | 450/3 | - | €2,232 | +€2,232 | |
| Remuneration and social security | 454/9 | €22,521 | €15,479 | -€7,042 | -31.3% |
| Other amounts payable | 47/48 | €117,925 | €112,155 | -€5,770 | -4.9% |
| Accrued charges and deferred income | 492/3 | €11,052 | €20,000 | +€8,948 | +81.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €211,435 | €177,934 | -€33,502 | -15.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €139,057 | €132,622 | -€6,435 | -4.6% |
| Other operating charges | 640/8 | €5,010 | €5,630 | +€620 | +12.4% |
| Gross operating margin | 9900 | €363,338 | €191,392 | -€171,946 | -47.3% |
| Operating profit (loss) | 9901 | €7,836 | -€124,793 | -€132,629 | |
| Financial income | 75/76B | €80 | €232 | +€152 | +189.6% |
| Recurring financial income | 75 | €80 | €232 | +€152 | +189.6% |
| Financial charges | 65/66B | €20,657 | €20,000 | -€657 | -3.2% |
| Recurring financial charges | 65 | €20,657 | €20,000 | -€657 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | -€12,741 | -€144,561 | -€131,820 | -1034.6% |
| Profit (loss) for the period | 9904 | -€12,741 | -€144,561 | -€131,820 | -1034.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,741 | -€144,561 | -€131,820 | -1034.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.