ESTACO: 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.
ESTACO
Largest movements
- Receivables within one year -€613,510
down €613,510 (-33.9%), from €1.8m to €1.2m
of which Other amounts receivable: -€613,510
- Deferred charges and accrued income -€20,770
down €20,770 (-34.5%), from €60,280 to €39,510
- Profit (loss) carried forward -€630,710
down €630,710, from €252,680 to -€378,029
- Financial charges +€641,324
up €641,324 (+1803.4%), from €35,562 to €676,886
- Taxes +€7,385
new in 2024: €7,385
- Financial income -€3,467
down €3,467 (-5.9%), from €59,157 to €55,690
of which Financial income: -€20,770
- Gross operating margin -€407
down €407 (-38.4%), from -€1,058 to -€1,465
- Other operating charges +€265
up €265 (+66.1%), from €400 to €665
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.
Cash bridge derived
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 | €1,879,488 | €1,245,180 | -€634,307 | -33.7% |
| Fixed assets | 21/28 | €9,500 | €9,500 | = | 0.0% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €1,869,988 | €1,235,680 | -€634,307 | -33.9% |
| Amounts receivable within one year | 40/41 | €1,809,680 | €1,196,170 | -€613,510 | -33.9% |
| Trade receivables | 40 | €61,836 | €61,836 | = | 0.0% |
| Other amounts receivable | 41 | €1,747,844 | €1,134,334 | -€613,510 | -35.1% |
| Cash at bank and in hand | 54/58 | €28 | - | -€28 | |
| Deferred charges and accrued income | 490/1 | €60,280 | €39,510 | -€20,770 | -34.5% |
| Total equity and liabilities | 10/49 | €1,879,488 | €1,245,180 | -€634,307 | -33.7% |
| Equity | 10/15 | €670,982 | €40,272 | -€630,710 | -94.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €353,301 | €353,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €346,801 | €346,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,680 | -€378,029 | -€630,710 | |
| Amounts payable | 17/49 | €1,208,506 | €1,204,908 | -€3,597 | -0.3% |
| Amounts payable within one year | 42/48 | €1,078,482 | €1,075,131 | -€3,351 | -0.3% |
| Trade debts | 44 | €55,867 | €55,467 | -€400 | -0.7% |
| Suppliers | 440/4 | €55,867 | €55,467 | -€400 | -0.7% |
| Taxes, remuneration and social security | 45 | €1,608 | €5,908 | +€4,299 | +267.4% |
| Taxes | 450/3 | €1,608 | €5,908 | +€4,299 | +267.4% |
| Other amounts payable | 47/48 | €1,021,007 | €1,013,756 | -€7,251 | -0.7% |
| Accrued charges and deferred income | 492/3 | €130,023 | €129,777 | -€246 | -0.2% |
| Other operating charges | 640/8 | €400 | €665 | +€265 | +66.1% |
| Gross operating margin | 9900 | -€1,058 | -€1,465 | -€407 | -38.4% |
| Operating profit (loss) | 9901 | -€1,458 | -€2,129 | -€671 | -46.0% |
| Financial income | 75/76B | €59,157 | €55,690 | -€3,467 | -5.9% |
| Recurring financial income | 75 | €59,157 | €38,387 | -€20,770 | -35.1% |
| Non-recurring financial income | 76B | - | €17,303 | +€17,303 | |
| Financial charges | 65/66B | €35,562 | €676,886 | +€641,324 | +1803.4% |
| Recurring financial charges | 65 | €35,562 | €676,886 | +€641,324 | +1803.4% |
| Profit (loss) for the period before taxes | 9903 | €22,136 | -€623,325 | -€645,462 | |
| Income taxes | 67/77 | - | €7,385 | +€7,385 | |
| Profit (loss) for the period | 9904 | €22,136 | -€630,710 | -€652,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,136 | -€630,710 | -€652,846 |
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 12 October 2026 via checked.be.