D.Estate: 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.
D.Estate
Largest movements
- Receivables within one year +€111,434
up €111,434 (+5,178%), from €2,152 to €113,586
of which Other amounts receivable: +€113,000
- Profit (loss) carried forward +€175,455
up €175,455 (+89.5%), from €195,931 to €371,386
- Tax, wage and social debts -€56,685
down €56,685 (-82.5%), from €68,675 to €11,990
of which Taxes: -€57,092
- Other debts -€19,663
down €19,663 (-2.1%), from €920,326 to €900,663
- Financial income +€113,010
up €113,010 (+2,306,335%), from €5 to €113,015
- Gross operating margin -€42,777
down €42,777 (-31.6%), from €135,438 to €92,661
- Taxes -€11,146
down €11,146 (-31.6%), from €35,222 to €24,076
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 | €1,188,109 | €1,290,834 | +€102,725 | +8.6% |
| Fixed assets | 21/28 | €1,151,875 | €1,148,884 | -€2,991 | -0.3% |
| Tangible fixed assets | 22/27 | €11,875 | €8,884 | -€2,991 | -25.2% |
| Furniture and vehicles | 24 | €10,280 | €7,972 | -€2,308 | -22.5% |
| Other tangible fixed assets | 26 | €1,595 | €912 | -€683 | -42.8% |
| Financial fixed assets | 28 | €1,140,000 | €1,140,000 | = | 0.0% |
| Current assets | 29/58 | €36,235 | €141,950 | +€105,716 | +292% |
| Amounts receivable within one year | 40/41 | €2,152 | €113,586 | +€111,434 | +5,178% |
| Trade receivables | 40 | €2,152 | €586 | -€1,566 | -72.8% |
| Other amounts receivable | 41 | - | €113,000 | +€113,000 | |
| Cash at bank and in hand | 54/58 | €32,095 | €25,308 | -€6,787 | -21.1% |
| Deferred charges and accrued income | 490/1 | €1,987 | €3,057 | +€1,069 | +53.8% |
| Total equity and liabilities | 10/49 | €1,188,109 | €1,290,834 | +€102,725 | +8.6% |
| Equity | 10/15 | €197,931 | €373,386 | +€175,455 | +88.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,931 | €371,386 | +€175,455 | +89.5% |
| Amounts payable | 17/49 | €990,178 | €917,449 | -€72,730 | -7.3% |
| Amounts payable within one year | 42/48 | €990,178 | €917,449 | -€72,730 | -7.3% |
| Trade debts | 44 | €1,177 | €4,796 | +€3,619 | +307% |
| Suppliers | 440/4 | €1,177 | €4,796 | +€3,619 | +307% |
| Taxes, remuneration and social security | 45 | €68,675 | €11,990 | -€56,685 | -82.5% |
| Taxes | 450/3 | €67,138 | €10,046 | -€57,092 | -85.0% |
| Remuneration and social security | 454/9 | €1,537 | €1,944 | +€406 | +26.4% |
| Other amounts payable | 47/48 | €920,326 | €900,663 | -€19,663 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,989 | €2,991 | +€1,002 | +50.4% |
| Other operating charges | 640/8 | €1,661 | €2,450 | +€789 | +47.5% |
| Gross operating margin | 9900 | €135,438 | €92,661 | -€42,777 | -31.6% |
| Operating profit (loss) | 9901 | €131,788 | €87,221 | -€44,567 | -33.8% |
| Financial income | 75/76B | €5 | €113,015 | +€113,010 | +2,306,335% |
| Recurring financial income | 75 | €5 | €113,015 | +€113,010 | +2,306,335% |
| Financial charges | 65/66B | €927 | €705 | -€222 | -24.0% |
| Recurring financial charges | 65 | €927 | €705 | -€222 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | €130,866 | €199,531 | +€68,665 | +52.5% |
| Income taxes | 67/77 | €35,222 | €24,076 | -€11,146 | -31.6% |
| Profit (loss) for the period | 9904 | €95,644 | €175,455 | +€79,811 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €95,644 | €175,455 | +€79,811 | +83.4% |
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 14 October 2026 via checked.be.