ESTIX: 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.
ESTIX
Largest movements
- Current investments +€20,000
up €20,000 (+44.4%), from €45,000 to €65,000
- Cash +€16,810
up €16,810 (+118.6%), from €14,172 to €30,982
mainly Net result for the year (+€27,104) and Depreciation (+€11,448)
- Tangible fixed assets -€11,448
down €11,448 (-2.8%), from €412,419 to €400,971
of which Land and buildings: -€9,587
- Profit (loss) carried forward +€31,321
up €31,321 (+37.4%), from €83,669 to €114,991
- Gross operating margin +€3,022
up €3,022 (+5.8%), from €51,698 to €54,721
- Depreciation +€562
up €562 (+5.2%), from €10,885 to €11,448
- Taxes +€558
up €558 (+5.6%), from €9,883 to €10,441
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 | €474,769 | €499,519 | +€24,750 | +5.2% |
| Fixed assets | 21/28 | €412,419 | €400,971 | -€11,448 | -2.8% |
| Tangible fixed assets | 22/27 | €412,419 | €400,971 | -€11,448 | -2.8% |
| Land and buildings | 22 | €403,116 | €393,529 | -€9,587 | -2.4% |
| Plant, machinery and equipment | 23 | €9,303 | €7,442 | -€1,861 | -20.0% |
| Current assets | 29/58 | €62,350 | €98,548 | +€36,197 | +58.1% |
| Amounts receivable within one year | 40/41 | €2,159 | €1,496 | -€662 | -30.7% |
| Other amounts receivable | 41 | €2,159 | €1,496 | -€662 | -30.7% |
| Current investments | 50/53 | €45,000 | €65,000 | +€20,000 | +44.4% |
| Cash at bank and in hand | 54/58 | €14,172 | €30,982 | +€16,810 | +118.6% |
| Deferred charges and accrued income | 490/1 | €1,020 | €1,070 | +€50 | +4.9% |
| Total equity and liabilities | 10/49 | €474,769 | €499,519 | +€24,750 | +5.2% |
| Equity | 10/15 | €417,832 | €444,937 | +€27,104 | +6.5% |
| 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 | €272,163 | €267,946 | -€4,217 | -1.5% |
| Non-distributable reserves | 130/1 | €10,840 | €10,840 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Other | 1319 | €4,640 | €4,640 | = | 0.0% |
| Tax-exempt reserves | 132 | €103,318 | €99,101 | -€4,217 | -4.1% |
| Distributable reserves | 133 | €158,006 | €158,006 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,669 | €114,991 | +€31,321 | +37.4% |
| Provisions and deferred taxes | 16 | €53,201 | €51,029 | -€2,171 | -4.1% |
| Deferred taxes | 168 | €53,201 | €51,029 | -€2,171 | -4.1% |
| Amounts payable | 17/49 | €3,736 | €3,553 | -€183 | -4.9% |
| Amounts payable after more than one year | 17 | €1,923 | €1,923 | = | 0.0% |
| Other amounts payable | 178/9 | €1,923 | €1,923 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,813 | €1,630 | -€183 | -10.1% |
| Trade debts | 44 | €246 | €73 | -€173 | -70.3% |
| Suppliers | 440/4 | €246 | €73 | -€173 | -70.3% |
| Taxes, remuneration and social security | 45 | €411 | €440 | +€29 | +7.1% |
| Taxes | 450/3 | €411 | €440 | +€29 | +7.1% |
| Other amounts payable | 47/48 | €1,155 | €1,116 | -€39 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,885 | €11,448 | +€562 | +5.2% |
| Other operating charges | 640/8 | €8,201 | €8,031 | -€169 | -2.1% |
| Gross operating margin | 9900 | €51,698 | €54,721 | +€3,022 | +5.8% |
| Operating profit (loss) | 9901 | €32,612 | €35,242 | +€2,629 | +8.1% |
| Financial income | 75/76B | €569 | €171 | -€398 | -70.0% |
| Recurring financial income | 75 | €569 | €171 | -€398 | -70.0% |
| Financial charges | 65/66B | €37 | €39 | +€2 | +4.6% |
| Recurring financial charges | 65 | €37 | €39 | +€2 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €33,144 | €35,373 | +€2,230 | +6.7% |
| Transfer from deferred taxes | 780 | €2,171 | €2,171 | = | 0.0% |
| Income taxes | 67/77 | €9,883 | €10,441 | +€558 | +5.6% |
| Profit (loss) for the period | 9904 | €25,432 | €27,104 | +€1,672 | +6.6% |
| Transfer from tax-exempt reserves | 789 | €4,217 | €4,217 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €29,649 | €31,321 | +€1,672 | +5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.