ESTUSA: 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.
ESTUSA
Largest movements
- Tangible fixed assets -€56,479
down €56,479 (-7.1%), from €790,554 to €734,075
of which Land and buildings: -€48,345
- Receivables within one year +€16,522
up €16,522 (+41.0%), from €40,262 to €56,784
of which Other amounts receivable: +€23,828
- Cash +€11,043
up €11,043 (+34.4%), from €32,087 to €43,130
mainly Net result for the year (+€68,715) and Depreciation (+€52,616)
- Reserves +€66,997
up €66,997 (+12.3%), from €545,062 to €612,059
- Debts after one year -€52,126
down €52,126 (-27.8%), from €187,816 to €135,690
- Current portion of long-term debt -€25,957
down €25,957 (-32.8%), from €79,245 to €53,288
- Gross operating margin -€10,797
down €10,797 (-6.1%), from €175,965 to €165,169
- Taxes -€4,374
down €4,374 (-13.0%), from €33,768 to €29,394
- Other operating charges -€3,096
down €3,096 (-23.8%), from €12,998 to €9,902
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 | €866,572 | €844,720 | -€21,851 | -2.5% |
| Fixed assets | 21/28 | €790,554 | €734,075 | -€56,479 | -7.1% |
| Tangible fixed assets | 22/27 | €790,554 | €734,075 | -€56,479 | -7.1% |
| Land and buildings | 22 | €782,419 | €734,075 | -€48,345 | -6.2% |
| Furniture and vehicles | 24 | €8,134 | - | -€8,134 | |
| Current assets | 29/58 | €76,018 | €110,645 | +€34,627 | +45.6% |
| Amounts receivable within one year | 40/41 | €40,262 | €56,784 | +€16,522 | +41.0% |
| Trade receivables | 40 | €19,349 | €12,044 | -€7,306 | -37.8% |
| Other amounts receivable | 41 | €20,913 | €44,740 | +€23,828 | +113.9% |
| Cash at bank and in hand | 54/58 | €32,087 | €43,130 | +€11,043 | +34.4% |
| Deferred charges and accrued income | 490/1 | €3,668 | €10,730 | +€7,062 | +192.5% |
| Total equity and liabilities | 10/49 | €866,572 | €844,720 | -€21,851 | -2.5% |
| Equity | 10/15 | €563,662 | €630,659 | +€66,997 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €545,062 | €612,059 | +€66,997 | +12.3% |
| Distributable reserves | 133 | €545,062 | €612,059 | +€66,997 | +12.3% |
| Amounts payable | 17/49 | €302,910 | €214,061 | -€88,849 | -29.3% |
| Amounts payable after more than one year | 17 | €187,816 | €135,690 | -€52,126 | -27.8% |
| Financial debts | 170/4 | €187,816 | €135,690 | -€52,126 | -27.8% |
| Amounts payable within one year | 42/48 | €115,094 | €78,371 | -€36,723 | -31.9% |
| Current portion of amounts payable after more than one year | 42 | €79,245 | €53,288 | -€25,957 | -32.8% |
| Trade debts | 44 | €11,344 | €7,829 | -€3,515 | -31.0% |
| Suppliers | 440/4 | €11,344 | €7,829 | -€3,515 | -31.0% |
| Taxes, remuneration and social security | 45 | €12,404 | €10,967 | -€1,438 | -11.6% |
| Taxes | 450/3 | €12,404 | €10,967 | -€1,438 | -11.6% |
| Other amounts payable | 47/48 | €12,101 | €6,288 | -€5,813 | -48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,254 | €52,616 | -€638 | -1.2% |
| Other operating charges | 640/8 | €12,998 | €9,902 | -€3,096 | -23.8% |
| Gross operating margin | 9900 | €175,965 | €165,169 | -€10,797 | -6.1% |
| Operating profit (loss) | 9901 | €109,714 | €102,651 | -€7,063 | -6.4% |
| Financial income | 75/76B | €1,627 | €839 | -€788 | -48.5% |
| Recurring financial income | 75 | €1,627 | €839 | -€788 | -48.5% |
| Financial charges | 65/66B | €3,719 | €5,380 | +€1,661 | +44.6% |
| Recurring financial charges | 65 | €3,719 | €5,380 | +€1,661 | +44.6% |
| Profit (loss) for the period before taxes | 9903 | €107,621 | €98,109 | -€9,512 | -8.8% |
| Income taxes | 67/77 | €33,768 | €29,394 | -€4,374 | -13.0% |
| Profit (loss) for the period | 9904 | €73,853 | €68,715 | -€5,138 | -7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €73,853 | €68,715 | -€5,138 | -7.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.