ESTONTECO: 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.
ESTONTECO
Largest movements
- Cash +€34,911
up €34,911 (+26.5%), from €131,906 to €166,818
mainly Net result for the year (+€35,413) and Other debts (+€12,173)
- Receivables within one year +€19,268
up €19,268 (+799%), from €2,410 to €21,679
- Tangible fixed assets +€2,351
up €2,351 (+39.6%), from €5,942 to €8,292
of which Furniture and vehicles: +€2,939
- Reserves +€30,000
up €30,000 (+1,215%), from €2,469 to €32,469
of which Distributable reserves: +€30,000
- Other debts +€12,173
up €12,173 (+20.3%), from €60,091 to €72,264
- Tax, wage and social debts +€5,683
up €5,683 (+42.7%), from €13,317 to €18,999
of which Taxes: +€3,332
- Profit (loss) carried forward +€5,413
up €5,413 (+12.6%), from €42,811 to €48,224
- Trade debts +€3,991
up €3,991 (+109%), from €3,677 to €7,668
- Gross operating margin +€24,028
up €24,028 (+73.9%), from €32,501 to €56,530
- Taxes +€6,568
up €6,568 (+99.8%), from €6,581 to €13,149
- Financial charges +€4,643
up €4,643 (+1,973%), from €235 to €4,878
- Depreciation -€646
down €646 (-21.1%), from €3,067 to €2,421
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 | €140,964 | €198,224 | +€57,260 | +40.6% |
| Fixed assets | 21/28 | €6,587 | €8,937 | +€2,351 | +35.7% |
| Tangible fixed assets | 22/27 | €5,942 | €8,292 | +€2,351 | +39.6% |
| Plant, machinery and equipment | 23 | €1,184 | €736 | -€448 | -37.8% |
| Furniture and vehicles | 24 | €4,139 | €7,077 | +€2,939 | +71.0% |
| Other tangible fixed assets | 26 | €619 | €479 | -€140 | -22.6% |
| Financial fixed assets | 28 | €645 | €645 | = | 0.0% |
| Current assets | 29/58 | €134,377 | €189,287 | +€54,910 | +40.9% |
| Amounts receivable within one year | 40/41 | €2,410 | €21,679 | +€19,268 | +799% |
| Trade receivables | 40 | €2,410 | €21,679 | +€19,268 | +799% |
| Cash at bank and in hand | 54/58 | €131,906 | €166,818 | +€34,911 | +26.5% |
| Deferred charges and accrued income | 490/1 | €60 | €790 | +€730 | +1,210% |
| Total equity and liabilities | 10/49 | €140,964 | €198,224 | +€57,260 | +40.6% |
| Equity | 10/15 | €63,879 | €99,292 | +€35,413 | +55.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,469 | €32,469 | +€30,000 | +1,215% |
| Non-distributable reserves | 130/1 | €1,050 | €1,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,050 | €1,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,419 | €1,419 | = | 0.0% |
| Distributable reserves | 133 | - | €30,000 | +€30,000 | |
| Profit (loss) carried forward | 14 | €42,811 | €48,224 | +€5,413 | +12.6% |
| Amounts payable | 17/49 | €77,084 | €98,932 | +€21,847 | +28.3% |
| Amounts payable within one year | 42/48 | €77,084 | €98,932 | +€21,847 | +28.3% |
| Trade debts | 44 | €3,677 | €7,668 | +€3,991 | +109% |
| Suppliers | 440/4 | €3,677 | €7,668 | +€3,991 | +109% |
| Taxes, remuneration and social security | 45 | €13,317 | €18,999 | +€5,683 | +42.7% |
| Taxes | 450/3 | €12,009 | €15,342 | +€3,332 | +27.7% |
| Remuneration and social security | 454/9 | €1,308 | €3,658 | +€2,350 | +180% |
| Other amounts payable | 47/48 | €60,091 | €72,264 | +€12,173 | +20.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,067 | €2,421 | -€646 | -21.1% |
| Other operating charges | 640/8 | €599 | €668 | +€69 | +11.6% |
| Gross operating margin | 9900 | €32,501 | €56,530 | +€24,028 | +73.9% |
| Operating profit (loss) | 9901 | €28,836 | €53,440 | +€24,605 | +85.3% |
| Financial income | 75/76B | €3 | €0 | -€3 | -98.5% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -98.5% |
| Financial charges | 65/66B | €235 | €4,878 | +€4,643 | +1,973% |
| Recurring financial charges | 65 | €235 | €4,878 | +€4,643 | +1,973% |
| Profit (loss) for the period before taxes | 9903 | €28,603 | €48,562 | +€19,959 | +69.8% |
| Income taxes | 67/77 | €6,581 | €13,149 | +€6,568 | +99.8% |
| Profit (loss) for the period | 9904 | €22,022 | €35,413 | +€13,391 | +60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,022 | €35,413 | +€13,391 | +60.8% |
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 15 October 2026 via checked.be.