EST8 Vastgoed: 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.
EST8 Vastgoed
Largest movements
- Receivables within one year +€75,977
up €75,977 (+49.7%), from €152,885 to €228,862
of which Trade receivables: +€50,506
- Tangible fixed assets -€32,201
down €32,201 (-8.2%), from €392,908 to €360,707
of which Plant, machinery and equipment: -€17,198
- Cash -€26,399
down €26,399 (-20.6%), from €128,282 to €101,883
mainly Receivables within one year (-€75,977) and Tax, wage and social debts (-€38,867)
- Intangible fixed assets -€14,456
down €14,456 (-12.7%), from €113,867 to €99,410
- Reserves +€48,174
up €48,174 (+27.9%), from €172,884 to €221,059
- Tax, wage and social debts -€38,867
down €38,867 (-38.6%), from €100,742 to €61,875
of which Taxes: -€53,160
- Debts after one year -€29,220
down €29,220 (-8.9%), from €329,787 to €300,567
- Current portion of long-term debt +€25,000
up €25,000 (+85.6%), from €29,220 to €54,220
- Gross operating margin +€34,936
up €34,936 (+21.0%), from €166,024 to €200,960
- Staff costs +€33,016
up €33,016 (+99.9%), from €33,053 to €66,068
- Other operating charges +€7,785
up €7,785 (+639%), from €1,219 to €9,005
- Taxes +€3,320
up €3,320 (+12.4%), from €26,867 to €30,187
- Financial income +€2,387
up €2,387 (+1,138%), from €210 to €2,597
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €787,942 | €796,106 | +€8,165 | +1.0% |
| Fixed assets | 21/28 | €506,775 | €460,117 | -€46,657 | -9.2% |
| Intangible fixed assets | 21 | €113,867 | €99,410 | -€14,456 | -12.7% |
| Tangible fixed assets | 22/27 | €392,908 | €360,707 | -€32,201 | -8.2% |
| Land and buildings | 22 | €237,021 | €223,821 | -€13,200 | -5.6% |
| Plant, machinery and equipment | 23 | €148,096 | €130,898 | -€17,198 | -11.6% |
| Furniture and vehicles | 24 | €7,791 | €5,988 | -€1,803 | -23.1% |
| Current assets | 29/58 | €281,167 | €335,989 | +€54,822 | +19.5% |
| Amounts receivable within one year | 40/41 | €152,885 | €228,862 | +€75,977 | +49.7% |
| Trade receivables | 40 | €131,990 | €182,496 | +€50,506 | +38.3% |
| Other amounts receivable | 41 | €20,895 | €46,366 | +€25,471 | +122% |
| Cash at bank and in hand | 54/58 | €128,282 | €101,883 | -€26,399 | -20.6% |
| Deferred charges and accrued income | 490/1 | - | €5,244 | +€5,244 | |
| Total equity and liabilities | 10/49 | €787,942 | €796,106 | +€8,165 | +1.0% |
| Equity | 10/15 | €177,884 | €226,059 | +€48,174 | +27.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €172,884 | €221,059 | +€48,174 | +27.9% |
| Distributable reserves | 133 | €172,884 | €221,059 | +€48,174 | +27.9% |
| Amounts payable | 17/49 | €610,057 | €570,048 | -€40,010 | -6.6% |
| Amounts payable after more than one year | 17 | €329,787 | €300,567 | -€29,220 | -8.9% |
| Financial debts | 170/4 | €329,787 | €300,567 | -€29,220 | -8.9% |
| Amounts payable within one year | 42/48 | €280,271 | €269,481 | -€10,790 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | €29,220 | €54,220 | +€25,000 | +85.6% |
| Trade debts | 44 | €150,309 | €152,159 | +€1,850 | +1.2% |
| Suppliers | 440/4 | €150,309 | €152,159 | +€1,850 | +1.2% |
| Advances received on contracts in progress | 46 | - | €1,228 | +€1,228 | |
| Taxes, remuneration and social security | 45 | €100,742 | €61,875 | -€38,867 | -38.6% |
| Taxes | 450/3 | €98,169 | €45,009 | -€53,160 | -54.2% |
| Remuneration and social security | 454/9 | €2,573 | €16,866 | +€14,293 | +555% |
| Remuneration, social security and pensions | 62 | €33,053 | €66,068 | +€33,016 | +99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,584 | €48,268 | +€684 | +1.4% |
| Other operating charges | 640/8 | €1,219 | €9,005 | +€7,785 | +639% |
| Gross operating margin | 9900 | €166,024 | €200,960 | +€34,936 | +21.0% |
| Operating profit (loss) | 9901 | €84,168 | €77,619 | -€6,549 | -7.8% |
| Financial income | 75/76B | €210 | €2,597 | +€2,387 | +1,138% |
| Recurring financial income | 75 | €210 | €2,597 | +€2,387 | +1,138% |
| Financial charges | 65/66B | €4,227 | €1,855 | -€2,372 | -56.1% |
| Recurring financial charges | 65 | €4,227 | €1,855 | -€2,372 | -56.1% |
| Profit (loss) for the period before taxes | 9903 | €80,151 | €78,361 | -€1,790 | -2.2% |
| Income taxes | 67/77 | €26,867 | €30,187 | +€3,320 | +12.4% |
| Profit (loss) for the period | 9904 | €53,284 | €48,174 | -€5,110 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €53,284 | €48,174 | -€5,110 | -9.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.