ESTRUS: 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.
ESTRUS
Largest movements
- Cash -€123,609
down €123,609 (-56.1%), from €220,409 to €96,800
mainly Accrued charges and deferred income (-€66,850) and Net result for the year (-€56,639)
- Tangible fixed assets -€7,392
down €7,392 (-62.7%), from €11,798 to €4,406
of which Other tangible fixed assets: -€4,327
- Accrued charges and deferred income -€66,850
no longer reported in 2025 (was €66,850)
- Profit (loss) carried forward -€56,639
down €56,639 (-309%), from -€18,305 to -€74,944
- Trade debts +€28,844
up €28,844 (+29.5%), from €97,931 to €126,775
- Tax, wage and social debts -€22,989
down €22,989 (-29.3%), from €78,593 to €55,604
of which Taxes: -€23,497
- Other debts -€8,262
down €8,262 (-46.3%), from €17,864 to €9,601
- Gross operating margin -€171,661
down €171,661 (-85.3%), from €201,172 to €29,511
- Depreciation -€51,792
down €51,792 (-84.9%), from €61,001 to €9,209
- Staff costs -€34,410
down €34,410 (-31.9%), from €108,033 to €73,623
- Taxes -€9,246
down €9,246 (-98.3%), from €9,403 to €157
- Financial charges -€3,830
down €3,830 (-62.5%), from €6,131 to €2,300
of which Non-recurring financial charges: -€3,963
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 | €557,082 | €431,186 | -€125,897 | -22.6% |
| Fixed assets | 21/28 | €11,798 | €4,406 | -€7,392 | -62.7% |
| Tangible fixed assets | 22/27 | €11,798 | €4,406 | -€7,392 | -62.7% |
| Plant, machinery and equipment | 23 | €3,998 | - | -€3,998 | |
| Furniture and vehicles | 24 | €1,672 | €2,605 | +€933 | +55.8% |
| Other tangible fixed assets | 26 | €6,128 | €1,801 | -€4,327 | -70.6% |
| Current assets | 29/58 | €545,284 | €426,779 | -€118,505 | -21.7% |
| Amounts receivable within one year | 40/41 | €323,109 | €323,411 | +€302 | +0.1% |
| Trade receivables | 40 | €322,332 | €306,304 | -€16,028 | -5.0% |
| Other amounts receivable | 41 | €777 | €17,107 | +€16,330 | +2,103% |
| Current investments | 50/53 | - | €3,315 | +€3,315 | |
| Cash at bank and in hand | 54/58 | €220,409 | €96,800 | -€123,609 | -56.1% |
| Deferred charges and accrued income | 490/1 | €1,767 | €3,254 | +€1,487 | +84.2% |
| Total equity and liabilities | 10/49 | €557,082 | €431,186 | -€125,897 | -22.6% |
| Equity | 10/15 | €295,845 | €239,206 | -€56,639 | -19.1% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €310,150 | €310,150 | = | 0.0% |
| Distributable reserves | 133 | €310,150 | €310,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,305 | -€74,944 | -€56,639 | -309% |
| Amounts payable | 17/49 | €261,237 | €191,980 | -€69,258 | -26.5% |
| Amounts payable within one year | 42/48 | €194,387 | €191,980 | -€2,408 | -1.2% |
| Trade debts | 44 | €97,931 | €126,775 | +€28,844 | +29.5% |
| Suppliers | 440/4 | €97,931 | €126,775 | +€28,844 | +29.5% |
| Taxes, remuneration and social security | 45 | €78,593 | €55,604 | -€22,989 | -29.3% |
| Taxes | 450/3 | €61,799 | €38,302 | -€23,497 | -38.0% |
| Remuneration and social security | 454/9 | €16,794 | €17,302 | +€508 | +3.0% |
| Other amounts payable | 47/48 | €17,864 | €9,601 | -€8,262 | -46.3% |
| Accrued charges and deferred income | 492/3 | €66,850 | - | -€66,850 | |
| Non-recurring operating income | 76A | €33,999 | - | -€33,999 | |
| Remuneration, social security and pensions | 62 | €108,033 | €73,623 | -€34,410 | -31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,001 | €9,209 | -€51,792 | -84.9% |
| Other operating charges | 640/8 | €2,101 | €972 | -€1,129 | -53.7% |
| Non-recurring operating charges | 66A | €1,616 | - | -€1,616 | |
| Gross operating margin | 9900 | €201,172 | €29,511 | -€171,661 | -85.3% |
| Operating profit (loss) | 9901 | €28,421 | -€54,293 | -€82,714 | |
| Financial income | 75/76B | €64 | €111 | +€47 | +73.6% |
| Recurring financial income | 75 | €64 | €111 | +€47 | +73.6% |
| Financial charges | 65/66B | €6,131 | €2,300 | -€3,830 | -62.5% |
| Recurring financial charges | 65 | €2,106 | €2,239 | +€133 | +6.3% |
| Non-recurring financial charges | 66B | €4,025 | €61 | -€3,963 | -98.5% |
| Profit (loss) for the period before taxes | 9903 | €22,354 | -€56,482 | -€78,836 | |
| Income taxes | 67/77 | €9,403 | €157 | -€9,246 | -98.3% |
| Profit (loss) for the period | 9904 | €12,952 | -€56,639 | -€69,590 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,952 | -€56,639 | -€69,590 |
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 21 October 2026 via checked.be.