ESTACA: what changed
Two fiscal 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.
ESTACA
Largest movements
- Tangible fixed assets +€119,636
up €119,636 (+35.7%), from €335,235 to €454,871
of which Land and buildings: +€122,320
- Stocks and contracts +€53,500
up €53,500 (+846.4%), from €6,321 to €59,821
of which Contracts in progress: +€50,000
- Receivables within one year -€31,989
down €31,989 (-69.0%), from €46,391 to €14,401
of which Trade receivables: -€31,982
- Other debts +€58,979
up €58,979 (+24.1%), from €245,110 to €304,090
- Debts after one year +€48,098
up €48,098 (+20.3%), from €236,974 to €285,072
- Trade debts +€10,478
up €10,478 (+207.0%), from €5,063 to €15,541
- Profit (loss) carried forward +€10,445
up €10,445 (+1.1%), from -€928,661 to -€918,216
- Current portion of long-term debt +€5,925
up €5,925 (+76.3%), from €7,766 to €13,691
- Gross operating margin +€47,614
up €47,614 (+453.7%), from €10,495 to €58,109
- Financial charges +€19,782
up €19,782 (+262.5%), from €7,535 to €27,318
- Taxes +€14,148
up €14,148, from -€14,148 to €0
- Depreciation -€4,515
down €4,515 (-22.2%), from €20,344 to €15,829
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 | €389,946 | €529,644 | +€139,698 | +35.8% |
| Fixed assets | 21/28 | €335,235 | €454,871 | +€119,636 | +35.7% |
| Tangible fixed assets | 22/27 | €335,235 | €454,871 | +€119,636 | +35.7% |
| Land and buildings | 22 | €317,245 | €439,564 | +€122,320 | +38.6% |
| Plant, machinery and equipment | 23 | €17,991 | €12,337 | -€5,654 | -31.4% |
| Furniture and vehicles | 24 | - | €2,970 | +€2,970 | |
| Current assets | 29/58 | €54,710 | €74,773 | +€20,063 | +36.7% |
| Stocks and contracts in progress | 3 | €6,321 | €59,821 | +€53,500 | +846.4% |
| Stocks | 30/36 | €6,321 | €9,821 | +€3,500 | +55.4% |
| Contracts in progress | 37 | - | €50,000 | +€50,000 | |
| Amounts receivable within one year | 40/41 | €46,391 | €14,401 | -€31,989 | -69.0% |
| Trade receivables | 40 | €45,000 | €13,018 | -€31,982 | -71.1% |
| Other amounts receivable | 41 | €1,391 | €1,383 | -€8 | -0.6% |
| Cash at bank and in hand | 54/58 | €1,004 | €551 | -€453 | -45.1% |
| Deferred charges and accrued income | 490/1 | €995 | €0 | -€995 | -100.0% |
| Total equity and liabilities | 10/49 | €389,946 | €529,644 | +€139,698 | +35.8% |
| Equity | 10/15 | -€105,187 | -€94,742 | +€10,445 | +9.9% |
| Contributions | 10/11 | €811,606 | €811,606 | = | 0.0% |
| Capital | 10 | €811,606 | €811,606 | = | 0.0% |
| Issued capital | 100 | €811,606 | €811,606 | = | 0.0% |
| Reserves | 13 | €11,868 | €11,868 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,868 | €11,868 | = | 0.0% |
| Legal reserve | 130 | €11,868 | €11,868 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€928,661 | -€918,216 | +€10,445 | +1.1% |
| Amounts payable | 17/49 | €495,133 | €624,386 | +€129,253 | +26.1% |
| Amounts payable after more than one year | 17 | €236,974 | €285,072 | +€48,098 | +20.3% |
| Financial debts | 170/4 | €236,974 | €285,072 | +€48,098 | +20.3% |
| Amounts payable within one year | 42/48 | €258,159 | €339,314 | +€81,155 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €7,766 | €13,691 | +€5,925 | +76.3% |
| Trade debts | 44 | €5,063 | €15,541 | +€10,478 | +207.0% |
| Suppliers | 440/4 | €5,063 | €15,541 | +€10,478 | +207.0% |
| Taxes, remuneration and social security | 45 | €220 | €5,994 | +€5,774 | +2623.6% |
| Taxes | 450/3 | €220 | €5,994 | +€5,774 | +2623.6% |
| Other amounts payable | 47/48 | €245,110 | €304,090 | +€58,979 | +24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,344 | €15,829 | -€4,515 | -22.2% |
| Other operating charges | 640/8 | €4,734 | €4,517 | -€218 | -4.6% |
| Gross operating margin | 9900 | €10,495 | €58,109 | +€47,614 | +453.7% |
| Operating profit (loss) | 9901 | -€14,583 | €37,763 | +€52,346 | |
| Financial income | 75/76B | €11 | €0 | -€11 | -100.0% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -100.0% |
| Financial charges | 65/66B | €7,535 | €27,318 | +€19,782 | +262.5% |
| Recurring financial charges | 65 | €7,535 | €27,318 | +€19,782 | +262.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,108 | €10,445 | +€32,553 | |
| Income taxes | 67/77 | -€14,148 | €0 | +€14,148 | |
| Profit (loss) for the period | 9904 | -€7,960 | €10,445 | +€18,405 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,960 | €10,445 | +€18,405 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.