Estée: 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.
Estée
Largest movements
- Stocks and contracts +€8,500
new in 2025: €8,500
- Cash -€4,937
down €4,937 (-43.2%), from €11,427 to €6,490
mainly Stocks and contracts (-€8,500) and Investment in fixed assets (net) (-€2,756)
- Tangible fixed assets -€4,516
down €4,516 (-18.5%), from €24,379 to €19,863
- Receivables within one year -€1,595
no longer reported in 2025 (was €1,595)
- Other debts +€2,171
up €2,171 (+18.6%), from €11,701 to €13,873
- Tax, wage and social debts -€2,160
down €2,160 (-24.1%), from €8,950 to €6,790
- Debts after one year -€2,159
down €2,159 (-15.4%), from €14,005 to €11,847
- Reserves +€1,346
up €1,346 (+5.2%), from €25,654 to €27,000
- Current portion of long-term debt -€1,114
down €1,114 (-14.7%), from €7,567 to €6,453
- Financial charges +€4,364
up €4,364 (+2532.6%), from €172 to €4,537
- Gross operating margin -€3,755
down €3,755 (-18.8%), from €19,925 to €16,170
- Taxes -€1,904
down €1,904 (-42.1%), from €4,528 to €2,624
- Depreciation +€469
up €469 (+6.9%), from €6,804 to €7,273
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 | €72,378 | €69,830 | -€2,548 | -3.5% |
| Fixed assets | 21/28 | €59,356 | €54,839 | -€4,516 | -7.6% |
| Tangible fixed assets | 22/27 | €24,379 | €19,863 | -€4,516 | -18.5% |
| Furniture and vehicles | 24 | €24,379 | €19,863 | -€4,516 | -18.5% |
| Financial fixed assets | 28 | €34,977 | €34,977 | = | 0.0% |
| Current assets | 29/58 | €13,022 | €14,990 | +€1,969 | +15.1% |
| Stocks and contracts in progress | 3 | - | €8,500 | +€8,500 | |
| Stocks | 30/36 | - | €8,500 | +€8,500 | |
| Amounts receivable within one year | 40/41 | €1,595 | - | -€1,595 | |
| Other amounts receivable | 41 | €1,595 | - | -€1,595 | |
| Cash at bank and in hand | 54/58 | €11,427 | €6,490 | -€4,937 | -43.2% |
| Total equity and liabilities | 10/49 | €72,378 | €69,830 | -€2,548 | -3.5% |
| Equity | 10/15 | €28,654 | €30,043 | +€1,390 | +4.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,654 | €27,000 | +€1,346 | +5.2% |
| Distributable reserves | 133 | €25,654 | €27,000 | +€1,346 | +5.2% |
| Profit (loss) carried forward | 14 | - | €43 | +€43 | |
| Amounts payable | 17/49 | €43,724 | €39,786 | -€3,938 | -9.0% |
| Amounts payable after more than one year | 17 | €14,005 | €11,847 | -€2,159 | -15.4% |
| Financial debts | 170/4 | €14,005 | €11,847 | -€2,159 | -15.4% |
| Amounts payable within one year | 42/48 | €29,719 | €27,940 | -€1,779 | -6.0% |
| Current portion of amounts payable after more than one year | 42 | €7,567 | €6,453 | -€1,114 | -14.7% |
| Trade debts | 44 | €1,500 | €823 | -€677 | -45.1% |
| Suppliers | 440/4 | €1,500 | €823 | -€677 | -45.1% |
| Taxes, remuneration and social security | 45 | €8,950 | €6,790 | -€2,160 | -24.1% |
| Taxes | 450/3 | €8,950 | €6,790 | -€2,160 | -24.1% |
| Other amounts payable | 47/48 | €11,701 | €13,873 | +€2,171 | +18.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,804 | €7,273 | +€469 | +6.9% |
| Other operating charges | 640/8 | €390 | €347 | -€43 | -11.0% |
| Gross operating margin | 9900 | €19,925 | €16,170 | -€3,755 | -18.8% |
| Operating profit (loss) | 9901 | €12,731 | €8,550 | -€4,181 | -32.8% |
| Financial income | 75/76B | €26 | - | -€26 | |
| Recurring financial income | 75 | €26 | - | -€26 | |
| Financial charges | 65/66B | €172 | €4,537 | +€4,364 | +2532.6% |
| Recurring financial charges | 65 | €172 | €4,537 | +€4,364 | +2532.6% |
| Profit (loss) for the period before taxes | 9903 | €12,585 | €4,013 | -€8,572 | -68.1% |
| Income taxes | 67/77 | €4,528 | €2,624 | -€1,904 | -42.1% |
| Profit (loss) for the period | 9904 | €8,057 | €1,390 | -€6,668 | -82.8% |
| Profit (loss) for the period to be appropriated | 9905 | €8,057 | €1,390 | -€6,668 | -82.8% |
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 9 October 2026 via checked.be.