ESTP: 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.
ESTP
Largest movements
- Cash +€264,874
up €264,874 (+103.9%), from €254,991 to €519,866
mainly Net result for the year (+€228,001) and Trade debts (+€26,517)
- Profit (loss) carried forward +€228,001
up €228,001 (+119.2%), from €191,258 to €419,259
- Trade debts +€26,517
up €26,517 (+640.4%), from €4,141 to €30,658
- Gross operating margin +€148,728
up €148,728 (+93.5%), from €159,137 to €307,865
- Taxes +€34,973
up €34,973 (+92.9%), from €37,659 to €72,632
- Other operating charges -€3,579
down €3,579 (-74.9%), from €4,782 to €1,202
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 | €442,138 | €696,466 | +€254,327 | +57.5% |
| Fixed assets | 21/28 | €24,632 | €20,145 | -€4,488 | -18.2% |
| Tangible fixed assets | 22/27 | €24,632 | €20,145 | -€4,488 | -18.2% |
| Plant, machinery and equipment | 23 | €4,225 | €2,276 | -€1,949 | -46.1% |
| Furniture and vehicles | 24 | €20,407 | €17,869 | -€2,539 | -12.4% |
| Current assets | 29/58 | €417,506 | €676,321 | +€258,815 | +62.0% |
| Amounts receivable within one year | 40/41 | €159,887 | €153,481 | -€6,406 | -4.0% |
| Trade receivables | 40 | €10,973 | €0 | -€10,973 | -100.0% |
| Other amounts receivable | 41 | €148,914 | €153,481 | +€4,567 | +3.1% |
| Cash at bank and in hand | 54/58 | €254,991 | €519,866 | +€264,874 | +103.9% |
| Deferred charges and accrued income | 490/1 | €2,628 | €2,975 | +€347 | +13.2% |
| Total equity and liabilities | 10/49 | €442,138 | €696,466 | +€254,327 | +57.5% |
| Equity | 10/15 | €435,399 | €663,400 | +€228,001 | +52.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €242,641 | €242,641 | = | 0.0% |
| Distributable reserves | 133 | €242,641 | €242,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,258 | €419,259 | +€228,001 | +119.2% |
| Amounts payable | 17/49 | €6,740 | €33,066 | +€26,326 | +390.6% |
| Amounts payable within one year | 42/48 | €6,740 | €33,066 | +€26,326 | +390.6% |
| Financial debts | 43 | €228 | €2,408 | +€2,180 | +958.0% |
| Credit institutions | 430/8 | €228 | €2,408 | +€2,180 | +958.0% |
| Trade debts | 44 | €4,141 | €30,658 | +€26,517 | +640.4% |
| Suppliers | 440/4 | €4,141 | €30,658 | +€26,517 | +640.4% |
| Taxes, remuneration and social security | 45 | €1,397 | €0 | -€1,397 | -100.0% |
| Taxes | 450/3 | €1,397 | €0 | -€1,397 | -100.0% |
| Other amounts payable | 47/48 | €974 | €0 | -€974 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,916 | €7,688 | -€1,229 | -13.8% |
| Other operating charges | 640/8 | €4,782 | €1,202 | -€3,579 | -74.9% |
| Gross operating margin | 9900 | €159,137 | €307,865 | +€148,728 | +93.5% |
| Operating profit (loss) | 9901 | €145,439 | €298,975 | +€153,536 | +105.6% |
| Financial income | 75/76B | €2,151 | €2,211 | +€59 | +2.8% |
| Recurring financial income | 75 | €2,151 | €2,211 | +€59 | +2.8% |
| Financial charges | 65/66B | €212 | €553 | +€341 | +161.4% |
| Recurring financial charges | 65 | €212 | €553 | +€341 | +161.4% |
| Profit (loss) for the period before taxes | 9903 | €147,379 | €300,633 | +€153,254 | +104.0% |
| Income taxes | 67/77 | €37,659 | €72,632 | +€34,973 | +92.9% |
| Profit (loss) for the period | 9904 | €109,719 | €228,001 | +€118,282 | +107.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,719 | €228,001 | +€118,282 | +107.8% |
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 6 October 2026 via checked.be.