FEYS ESTELLE: what changed
FEYS ESTELLE
Largest movements
- Cash +€25,310
up €25,310 (+43.8%), from €57,736 to €83,045
mainly Depreciation (+€30,718) and Net result for the year (+€27,873)
- Intangible fixed assets -€16,000
down €16,000 (-12.5%), from €128,000 to €112,000
- Tangible fixed assets -€13,849
down €13,849 (-22.3%), from €61,984 to €48,135
of which Furniture and vehicles: -€13,152
- Receivables within one year -€3,945
down €3,945 (-29.1%), from €13,543 to €9,598
of which Other amounts receivable: -€6,626
- Other debts -€36,182
down €36,182 (-24.5%), from €147,422 to €111,241
- Reserves +€27,873
up €27,873 (+41.9%), from €66,528 to €94,401
- Tax, wage and social debts +€10,804
new in 2025: €10,804
- Debts after one year -€9,756
down €9,756 (-28.7%), from €33,935 to €24,179
- Depreciation +€4,796
up €4,796 (+18.5%), from €25,922 to €30,718
- Gross operating margin -€4,704
down €4,704 (-6.2%), from €75,880 to €71,176
- Taxes -€2,570
down €2,570 (-19.2%), from €13,374 to €10,804
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €262,131 | €253,928 | -€8,203 | -3.1% |
| Fixed assets | 21/28 | €189,984 | €160,135 | -€29,849 | -15.7% |
| Intangible fixed assets | 21 | €128,000 | €112,000 | -€16,000 | -12.5% |
| Tangible fixed assets | 22/27 | €61,984 | €48,135 | -€13,849 | -22.3% |
| Plant, machinery and equipment | 23 | €2,630 | €2,377 | -€253 | -9.6% |
| Furniture and vehicles | 24 | €55,499 | €42,347 | -€13,152 | -23.7% |
| Other tangible fixed assets | 26 | €3,854 | €3,411 | -€444 | -11.5% |
| Current assets | 29/58 | €72,147 | €93,794 | +€21,646 | +30.0% |
| Amounts receivable within one year | 40/41 | €13,543 | €9,598 | -€3,945 | -29.1% |
| Trade receivables | 40 | €6,917 | €9,598 | +€2,681 | +38.8% |
| Other amounts receivable | 41 | €6,626 | - | -€6,626 | |
| Cash at bank and in hand | 54/58 | €57,736 | €83,045 | +€25,310 | +43.8% |
| Deferred charges and accrued income | 490/1 | €869 | €1,151 | +€282 | +32.4% |
| Total equity and liabilities | 10/49 | €262,131 | €253,928 | -€8,203 | -3.1% |
| Equity | 10/15 | €68,528 | €96,401 | +€27,873 | +40.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €66,528 | €94,401 | +€27,873 | +41.9% |
| Distributable reserves | 133 | €66,528 | €94,401 | +€27,873 | +41.9% |
| Amounts payable | 17/49 | €193,603 | €157,527 | -€36,076 | -18.6% |
| Amounts payable after more than one year | 17 | €33,935 | €24,179 | -€9,756 | -28.7% |
| Financial debts | 170/4 | €33,935 | €24,179 | -€9,756 | -28.7% |
| Amounts payable within one year | 42/48 | €159,668 | €133,348 | -€26,320 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €9,410 | €9,756 | +€346 | +3.7% |
| Trade debts | 44 | €2,836 | €1,548 | -€1,288 | -45.4% |
| Suppliers | 440/4 | €2,836 | €1,548 | -€1,288 | -45.4% |
| Taxes, remuneration and social security | 45 | - | €10,804 | +€10,804 | |
| Taxes | 450/3 | - | €10,804 | +€10,804 | |
| Other amounts payable | 47/48 | €147,422 | €111,241 | -€36,182 | -24.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,922 | €30,718 | +€4,796 | +18.5% |
| Other operating charges | 640/8 | €414 | €116 | -€298 | -72.1% |
| Gross operating margin | 9900 | €75,880 | €71,176 | -€4,704 | -6.2% |
| Operating profit (loss) | 9901 | €49,544 | €40,342 | -€9,202 | -18.6% |
| Financial charges | 65/66B | €1,483 | €1,665 | +€182 | +12.3% |
| Recurring financial charges | 65 | €1,483 | €1,665 | +€182 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €48,061 | €38,677 | -€9,384 | -19.5% |
| Income taxes | 67/77 | €13,374 | €10,804 | -€2,570 | -19.2% |
| Profit (loss) for the period | 9904 | €34,687 | €27,873 | -€6,814 | -19.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,687 | €27,873 | -€6,814 | -19.6% |
Next steps
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.