MY EST8: 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.
MY EST8
Largest movements
- Receivables within one year -€49,331
down €49,331 (-94.4%), from €52,277 to €2,946
of which Trade receivables: -€39,304
- Cash +€23,776
up €23,776 (+274%), from €8,692 to €32,467
mainly Receivables within one year (+€49,331) and Net result for the year (+€28,332)
- Tangible fixed assets -€7,352
down €7,352 (-3.8%), from €193,020 to €185,667
of which Land and buildings: -€5,532
- Reserves -€25,727
down €25,727 (-60.4%), from €42,573 to €16,846
- Debts after one year -€21,511
down €21,511 (-11.6%), from €184,992 to €163,481
- Contributions -€12,300
down €12,300 (-99.2%), from €12,400 to €100
- Profit (loss) carried forward +€11,486
no longer reported in 2025 (was -€11,486)
- Current portion of long-term debt +€9,094
up €9,094 (+50.2%), from €18,130 to €27,224
- Gross operating margin -€11,373
down €11,373 (-14.8%), from €76,782 to €65,408
- Taxes +€10,202
up €10,202 (+913%), from €1,117 to €11,319
- Financial charges +€1,313
up €1,313 (+28.8%), from €4,563 to €5,877
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 | €256,334 | €222,725 | -€33,609 | -13.1% |
| Fixed assets | 21/28 | €193,020 | €185,667 | -€7,352 | -3.8% |
| Tangible fixed assets | 22/27 | €193,020 | €185,667 | -€7,352 | -3.8% |
| Land and buildings | 22 | €162,617 | €157,084 | -€5,532 | -3.4% |
| Plant, machinery and equipment | 23 | €18,317 | €17,069 | -€1,248 | -6.8% |
| Furniture and vehicles | 24 | €12,086 | €11,514 | -€572 | -4.7% |
| Current assets | 29/58 | €63,314 | €37,057 | -€26,257 | -41.5% |
| Amounts receivable within one year | 40/41 | €52,277 | €2,946 | -€49,331 | -94.4% |
| Trade receivables | 40 | €42,250 | €2,946 | -€39,304 | -93.0% |
| Other amounts receivable | 41 | €10,027 | - | -€10,027 | |
| Cash at bank and in hand | 54/58 | €8,692 | €32,467 | +€23,776 | +274% |
| Deferred charges and accrued income | 490/1 | €2,345 | €1,644 | -€701 | -29.9% |
| Total equity and liabilities | 10/49 | €256,334 | €222,725 | -€33,609 | -13.1% |
| Equity | 10/15 | €43,487 | €16,946 | -€26,541 | -61.0% |
| Contributions | 10/11 | €12,400 | €100 | -€12,300 | -99.2% |
| Reserves | 13 | €42,573 | €16,846 | -€25,727 | -60.4% |
| Distributable reserves | 133 | €42,573 | €16,846 | -€25,727 | -60.4% |
| Profit (loss) carried forward | 14 | -€11,486 | - | +€11,486 | |
| Amounts payable | 17/49 | €212,847 | €205,779 | -€7,068 | -3.3% |
| Amounts payable after more than one year | 17 | €184,992 | €163,481 | -€21,511 | -11.6% |
| Financial debts | 170/4 | €184,992 | €163,481 | -€21,511 | -11.6% |
| Amounts payable within one year | 42/48 | €27,855 | €42,297 | +€14,443 | +51.9% |
| Current portion of amounts payable after more than one year | 42 | €18,130 | €27,224 | +€9,094 | +50.2% |
| Financial debts | 43 | €3,381 | €3,333 | -€47 | -1.4% |
| Credit institutions | 430/8 | €3,381 | €3,333 | -€47 | -1.4% |
| Trade debts | 44 | €4,428 | €5,388 | +€961 | +21.7% |
| Suppliers | 440/4 | €4,428 | €5,388 | +€961 | +21.7% |
| Taxes, remuneration and social security | 45 | €1,917 | €6,352 | +€4,435 | +231% |
| Taxes | 450/3 | €269 | €4,779 | +€4,510 | +1,674% |
| Remuneration and social security | 454/9 | €1,648 | €1,573 | -€75 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,346 | €15,387 | +€41 | +0.3% |
| Other operating charges | 640/8 | €4,677 | €4,756 | +€80 | +1.7% |
| Gross operating margin | 9900 | €76,782 | €65,408 | -€11,373 | -14.8% |
| Operating profit (loss) | 9901 | €56,759 | €45,265 | -€11,494 | -20.3% |
| Financial income | 75/76B | €250 | €263 | +€13 | +5.0% |
| Recurring financial income | 75 | €250 | €263 | +€13 | +5.0% |
| Financial charges | 65/66B | €4,563 | €5,877 | +€1,313 | +28.8% |
| Recurring financial charges | 65 | €4,563 | €5,877 | +€1,313 | +28.8% |
| Profit (loss) for the period before taxes | 9903 | €52,446 | €39,651 | -€12,795 | -24.4% |
| Income taxes | 67/77 | €1,117 | €11,319 | +€10,202 | +913% |
| Profit (loss) for the period | 9904 | €51,329 | €28,332 | -€22,997 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €51,329 | €28,332 | -€22,997 | -44.8% |
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 16 October 2026 via checked.be.