E-ST: what changed
E-ST
Largest movements
- Receivables within one year -€4,583
down €4,583 (-31.6%), from €14,493 to €9,910
of which Trade receivables: -€2,943
- Cash +€2,154
up €2,154 (+97.8%), from €2,202 to €4,356
mainly Trade debts (+€4,641) and Receivables within one year (+€4,583)
- Deferred charges and accrued income -€490
down €490 (-28.3%), from €1,732 to €1,242
- Profit (loss) carried forward -€7,724
down €7,724, from €5,402 to -€2,322
- Trade debts +€4,641
up €4,641 (+197%), from €2,359 to €7,000
- Accrued charges and deferred income +€2,043
up €2,043 (+45,696%), from €4 to €2,047
- Tax, wage and social debts -€1,045
down €1,045 (-15.3%), from €6,828 to €5,783
of which Remuneration and social security: -€602
- Other debts -€833
no longer reported in 2025 (was €833)
- Other operating charges -€559
down €559 (-54.7%), from €1,022 to €463
- Gross operating margin +€526
up €526 (+9.7%), from -€5,412 to -€4,886
- Financial charges +€201
up €201 (+8.8%), from €2,282 to €2,484
- Financial income +€119
up €119 (+70.7%), from €169 to €288
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 | €18,427 | €15,508 | -€2,919 | -15.8% |
| Current assets | 29/58 | €18,427 | €15,508 | -€2,919 | -15.8% |
| Amounts receivable within one year | 40/41 | €14,493 | €9,910 | -€4,583 | -31.6% |
| Trade receivables | 40 | €8,637 | €5,694 | -€2,943 | -34.1% |
| Other amounts receivable | 41 | €5,856 | €4,216 | -€1,640 | -28.0% |
| Cash at bank and in hand | 54/58 | €2,202 | €4,356 | +€2,154 | +97.8% |
| Deferred charges and accrued income | 490/1 | €1,732 | €1,242 | -€490 | -28.3% |
| Total equity and liabilities | 10/49 | €18,427 | €15,508 | -€2,919 | -15.8% |
| Equity | 10/15 | €8,402 | €678 | -€7,724 | -91.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,402 | -€2,322 | -€7,724 | |
| Amounts payable | 17/49 | €10,024 | €14,830 | +€4,806 | +47.9% |
| Amounts payable within one year | 42/48 | €10,020 | €12,783 | +€2,763 | +27.6% |
| Trade debts | 44 | €2,359 | €7,000 | +€4,641 | +197% |
| Suppliers | 440/4 | €2,359 | €7,000 | +€4,641 | +197% |
| Taxes, remuneration and social security | 45 | €6,828 | €5,783 | -€1,045 | -15.3% |
| Taxes | 450/3 | €6,226 | €5,783 | -€443 | -7.1% |
| Remuneration and social security | 454/9 | €602 | - | -€602 | |
| Other amounts payable | 47/48 | €833 | - | -€833 | |
| Accrued charges and deferred income | 492/3 | €4 | €2,047 | +€2,043 | +45,696% |
| Other operating charges | 640/8 | €1,022 | €463 | -€559 | -54.7% |
| Gross operating margin | 9900 | -€5,412 | -€4,886 | +€526 | +9.7% |
| Operating profit (loss) | 9901 | -€6,434 | -€5,349 | +€1,085 | +16.9% |
| Financial income | 75/76B | €169 | €288 | +€119 | +70.7% |
| Recurring financial income | 75 | €169 | €288 | +€119 | +70.7% |
| Financial charges | 65/66B | €2,282 | €2,484 | +€201 | +8.8% |
| Recurring financial charges | 65 | €2,282 | €2,484 | +€201 | +8.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,548 | -€7,545 | +€1,003 | +11.7% |
| Income taxes | 67/77 | €196 | €180 | -€16 | -8.0% |
| Profit (loss) for the period | 9904 | -€8,743 | -€7,724 | +€1,019 | +11.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,743 | -€7,724 | +€1,019 | +11.7% |
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 2 November 2026 via checked.be.