ESTOR-LUX: what changed
What changed
ESTOR-LUX
NACE 74.999, Other professional, scientific and technical activities
filed annual accounts (NBB)
Net result for the year
€466,230
2024 · €2.4m-€2.0m
Equity
€4.9m
2024 · €4.5m+€466,230
Cash
€1.4m
2024 · €2.4m-€1.0m
Balance sheet total
€8.1m
2024 · €9.6m-€1.5m
Largest movements
Assets
- Cash -€1.0m
down €1.0m (-41.4%), from €2.4m to €1.4m
mainly Other debts (-€1.2m) and Debts after one year (-€792,370)
- Tangible fixed assets -€324,640
down €324,640 (-5.9%), from €5.5m to €5.2m
- Receivables within one year -€182,714
down €182,714 (-35.5%), from €514,312 to €331,598
of which Trade receivables: -€514,312
Equity and liabilities
- Other debts -€1.2m
down €1.2m (-100%), from €1.2m to €0
- Debts after one year -€792,370
down €792,370 (-31.2%), from €2.5m to €1.7m
- Profit (loss) carried forward +€466,230
up €466,230 (+19.0%), from €2.4m to €2.9m
- Tax, wage and social debts -€210,019
down €210,019 (-49.8%), from €421,832 to €211,812
Income statement
- Gross operating margin -€2.6m
down €2.6m (-70.9%), from €3.7m to €1.1m
- Taxes -€673,190
down €673,190 (-81.2%), from €828,649 to €155,460
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.4m
Gross operating margin
-€2.6m
Depreciation
+€0
Other operating charges
+€82
Financial income
-€712
Financial charges
+€9,635
Taxes
+€673,190
Result 2025
€466,230
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€310,435
Investment
+€10,270
Financing
-€701,812
Cash 2024
€2.4m
From operations (derived)
-€310,435
Net result for the year
+€466,230
Depreciation
+€396,797
Receivables within one year
+€182,714
Deferred charges and accrued income
-€48,218
Trade debts
+€44,292
Tax, wage and social debts
-€210,019
Other debts
-€1.2m
Accrued charges and deferred income
+€57,769
Investment (derived)
+€10,270
Investment in fixed assets (net)
+€10,270
Financing
-€701,812
Debts after one year
-€792,370
Current portion of long-term debt
+€90,558
Cash 2025
€1.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,649,213 | €8,105,673 | -€1.5m | -16.0% |
| Formation expenses | 20 | €35,822 | €25,552 | -€10,270 | -28.7% |
| Fixed assets | 21/28 | €6,659,656 | €6,262,859 | -€396,797 | -6.0% |
| Intangible fixed assets | 21 | €1,154,039 | €1,081,882 | -€72,157 | -6.3% |
| Tangible fixed assets | 22/27 | €5,499,186 | €5,174,546 | -€324,640 | -5.9% |
| Plant, machinery and equipment | 23 | €5,499,186 | €5,174,546 | -€324,640 | -5.9% |
| Financial fixed assets | 28 | €6,430 | €6,430 | = | 0.0% |
| Current assets | 29/58 | €2,953,735 | €1,817,262 | -€1.1m | -38.5% |
| Amounts receivable within one year | 40/41 | €514,312 | €331,598 | -€182,714 | -35.5% |
| Trade receivables | 40 | €514,312 | €0 | -€514,312 | -100% |
| Other amounts receivable | 41 | - | €331,598 | +€331,598 | |
| Cash at bank and in hand | 54/58 | €2,418,012 | €1,416,034 | -€1.0m | -41.4% |
| Deferred charges and accrued income | 490/1 | €21,411 | €69,629 | +€48,218 | +225% |
| Total equity and liabilities | 10/49 | €9,649,213 | €8,105,673 | -€1.5m | -16.0% |
| Equity | 10/15 | €4,470,475 | €4,936,705 | +€466,230 | +10.4% |
| Contributions | 10/11 | €1,837,000 | €1,837,000 | = | 0.0% |
| Capital | 10 | €1,837,000 | €1,837,000 | = | 0.0% |
| Issued capital | 100 | €1,837,000 | €1,837,000 | = | 0.0% |
| Reserves | 13 | €183,700 | €183,700 | = | 0.0% |
| Non-distributable reserves | 130/1 | €183,700 | €183,700 | = | 0.0% |
| Legal reserve | 130 | €183,700 | €183,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,449,775 | €2,916,005 | +€466,230 | +19.0% |
| Amounts payable | 17/49 | €5,178,737 | €3,168,968 | -€2.0m | -38.8% |
| Amounts payable after more than one year | 17 | €2,541,982 | €1,749,612 | -€792,370 | -31.2% |
| Financial debts | 170/4 | €2,541,982 | €1,749,612 | -€792,370 | -31.2% |
| Amounts payable within one year | 42/48 | €2,625,466 | €1,350,298 | -€1.3m | -48.6% |
| Current portion of amounts payable after more than one year | 42 | €711,173 | €801,732 | +€90,558 | +12.7% |
| Trade debts | 44 | €292,461 | €336,753 | +€44,292 | +15.1% |
| Suppliers | 440/4 | €292,461 | €336,753 | +€44,292 | +15.1% |
| Taxes, remuneration and social security | 45 | €421,832 | €211,812 | -€210,019 | -49.8% |
| Taxes | 450/3 | €421,832 | €211,812 | -€210,019 | -49.8% |
| Other amounts payable | 47/48 | €1,200,000 | €0 | -€1.2m | -100% |
| Accrued charges and deferred income | 492/3 | €11,289 | €69,058 | +€57,769 | +512% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €396,797 | €396,797 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,545 | €1,462 | -€82 | -5.3% |
| Gross operating margin | 9900 | €3,739,115 | €1,089,656 | -€2.6m | -70.9% |
| Operating profit (loss) | 9901 | €3,340,773 | €691,396 | -€2.6m | -79.3% |
| Financial income | 75/76B | €6,123 | €5,411 | -€712 | -11.6% |
| Recurring financial income | 75 | €6,123 | €5,411 | -€712 | -11.6% |
| Financial charges | 65/66B | €84,753 | €75,118 | -€9,635 | -11.4% |
| Recurring financial charges | 65 | €84,753 | €75,118 | -€9,635 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | €3,262,143 | €621,689 | -€2.6m | -80.9% |
| Income taxes | 67/77 | €828,649 | €155,460 | -€673,190 | -81.2% |
| Profit (loss) for the period | 9904 | €2,433,494 | €466,230 | -€2.0m | -80.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,433,494 | €466,230 | -€2.0m | -80.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.