ESTORNUDO: 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.
ESTORNUDO
Largest movements
- Receivables within one year +€24,517
up €24,517 (+7.3%), from €334,477 to €358,995
of which Other amounts receivable: +€23,934
- Tangible fixed assets -€16,815
down €16,815 (-42.3%), from €39,758 to €22,942
of which Furniture and vehicles: -€15,905
- Cash -€9,143
down €9,143 (-76.0%), from €12,026 to €2,883
mainly Debts after one year (-€67,244) and Receivables within one year (-€24,517)
- Debts after one year -€67,244
down €67,244 (-32.1%), from €209,321 to €142,077
- Reserves +€64,475
up €64,475 (+39.9%), from €161,670 to €226,145
- Trade debts -€5,229
down €5,229 (-54.9%), from €9,518 to €4,289
- Gross operating margin +€26,353
up €26,353 (+22.6%), from €116,635 to €142,988
- Taxes +€5,743
up €5,743 (+23.8%), from €24,099 to €29,842
- Financial charges +€2,785
up €2,785 (+27.0%), from €10,332 to €13,117
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 | €498,686 | €497,395 | -€1,291 | -0.3% |
| Fixed assets | 21/28 | €152,182 | €135,517 | -€16,665 | -11.0% |
| Tangible fixed assets | 22/27 | €39,758 | €22,942 | -€16,815 | -42.3% |
| Plant, machinery and equipment | 23 | €911 | €0 | -€911 | -100% |
| Furniture and vehicles | 24 | €38,847 | €22,942 | -€15,905 | -40.9% |
| Financial fixed assets | 28 | €112,425 | €112,575 | +€150 | +0.1% |
| Current assets | 29/58 | €346,504 | €361,878 | +€15,375 | +4.4% |
| Amounts receivable within one year | 40/41 | €334,477 | €358,995 | +€24,517 | +7.3% |
| Trade receivables | 40 | €25,554 | €26,137 | +€583 | +2.3% |
| Other amounts receivable | 41 | €308,923 | €332,857 | +€23,934 | +7.7% |
| Cash at bank and in hand | 54/58 | €12,026 | €2,883 | -€9,143 | -76.0% |
| Total equity and liabilities | 10/49 | €498,686 | €497,395 | -€1,291 | -0.3% |
| Equity | 10/15 | €168,688 | €233,146 | +€64,458 | +38.2% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €161,670 | €226,145 | +€64,475 | +39.9% |
| Distributable reserves | 133 | €161,670 | €226,145 | +€64,475 | +39.9% |
| Profit (loss) carried forward | 14 | €18 | €1 | -€17 | -96.5% |
| Amounts payable | 17/49 | €329,998 | €264,250 | -€65,749 | -19.9% |
| Amounts payable after more than one year | 17 | €209,321 | €142,077 | -€67,244 | -32.1% |
| Financial debts | 170/4 | €209,321 | €142,077 | -€67,244 | -32.1% |
| Amounts payable within one year | 42/48 | €120,677 | €122,173 | +€1,495 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €64,729 | €68,438 | +€3,709 | +5.7% |
| Financial debts | 43 | €16,709 | €19,797 | +€3,088 | +18.5% |
| Credit institutions | 430/8 | €16,709 | €19,797 | +€3,088 | +18.5% |
| Trade debts | 44 | €9,518 | €4,289 | -€5,229 | -54.9% |
| Suppliers | 440/4 | €9,518 | €4,289 | -€5,229 | -54.9% |
| Taxes, remuneration and social security | 45 | €13,999 | €10,298 | -€3,701 | -26.4% |
| Taxes | 450/3 | €9,649 | €5,948 | -€3,701 | -38.4% |
| Remuneration and social security | 454/9 | €4,350 | €4,350 | = | 0.0% |
| Other amounts payable | 47/48 | €15,723 | €19,351 | +€3,629 | +23.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,039 | €16,815 | -€224 | -1.3% |
| Other operating charges | 640/8 | €1,156 | €1,135 | -€21 | -1.8% |
| Gross operating margin | 9900 | €116,635 | €142,988 | +€26,353 | +22.6% |
| Operating profit (loss) | 9901 | €98,439 | €125,038 | +€26,599 | +27.0% |
| Financial income | 75/76B | €0 | €29 | +€29 | |
| Recurring financial income | 75 | €0 | €29 | +€29 | |
| Financial charges | 65/66B | €10,332 | €13,117 | +€2,785 | +27.0% |
| Recurring financial charges | 65 | €10,332 | €13,117 | +€2,785 | +27.0% |
| Profit (loss) for the period before taxes | 9903 | €88,107 | €111,950 | +€23,842 | +27.1% |
| Income taxes | 67/77 | €24,099 | €29,842 | +€5,743 | +23.8% |
| Profit (loss) for the period | 9904 | €64,008 | €82,108 | +€18,099 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,008 | €82,108 | +€18,099 | +28.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.