ESTAD: 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.
ESTAD
Largest movements
- Tangible fixed assets -€5,458
down €5,458 (-35.4%), from €15,414 to €9,956
of which Land and buildings: -€5,458
- Receivables within one year -€1,590
down €1,590 (-99.8%), from €1,594 to €4
of which Trade receivables: -€1,590
- Cash -€1,128
down €1,128 (-86.3%), from €1,308 to €179
mainly Debts after one year (-€13,255) and Net result for the year (-€2,965)
- Debts after one year -€13,255
down €13,255 (-55.4%), from €23,914 to €10,659
- Current portion of long-term debt +€7,544
new in 2025: €7,544
- Profit (loss) carried forward -€2,965
down €2,965 (-6.8%), from -€43,504 to -€46,469
- Other debts +€500
up €500 (+4.7%), from €10,693 to €11,193
- Other operating charges +€1,628
up €1,628 (+148.3%), from €1,097 to €2,725
- Turnover +€1,518
up €1,518 (+18.2%), from €8,360 to €9,878
- Gross operating margin +€1,041
up €1,041 (+17.0%), from €6,139 to €7,180
- Purchases and services +€477
up €477 (+21.5%), from €2,221 to €2,698
- Financial charges +€338
up €338 (+20.5%), from €1,648 to €1,986
of which Financial charges: +€388
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 | €18,315 | €10,139 | -€8,176 | -44.6% |
| Fixed assets | 21/28 | €15,414 | €9,956 | -€5,458 | -35.4% |
| Tangible fixed assets | 22/27 | €15,414 | €9,956 | -€5,458 | -35.4% |
| Land and buildings | 22 | €15,414 | €9,956 | -€5,458 | -35.4% |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Current assets | 29/58 | €2,901 | €183 | -€2,718 | -93.7% |
| Amounts receivable within one year | 40/41 | €1,594 | €4 | -€1,590 | -99.8% |
| Trade receivables | 40 | €1,590 | €0 | -€1,590 | -100.0% |
| Other amounts receivable | 41 | €4 | €4 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,308 | €179 | -€1,128 | -86.3% |
| Total equity and liabilities | 10/49 | €18,315 | €10,139 | -€8,176 | -44.6% |
| Equity | 10/15 | -€16,292 | -€19,257 | -€2,965 | -18.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €7,212 | €7,212 | = | 0.0% |
| Distributable reserves | 133 | €7,212 | €7,212 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,504 | -€46,469 | -€2,965 | -6.8% |
| Amounts payable | 17/49 | €34,607 | €29,396 | -€5,211 | -15.1% |
| Amounts payable after more than one year | 17 | €23,914 | €10,659 | -€13,255 | -55.4% |
| Financial debts | 170/4 | €23,914 | €10,659 | -€13,255 | -55.4% |
| Amounts payable within one year | 42/48 | €10,693 | €18,737 | +€8,044 | +75.2% |
| Current portion of amounts payable after more than one year | 42 | - | €7,544 | +€7,544 | |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,693 | €11,193 | +€500 | +4.7% |
| Turnover | 70 | €8,360 | €9,878 | +€1,518 | +18.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,221 | €2,698 | +€477 | +21.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,551 | €5,458 | -€93 | -1.7% |
| Other operating charges | 640/8 | €1,097 | €2,725 | +€1,628 | +148.3% |
| Gross operating margin | 9900 | €6,139 | €7,180 | +€1,041 | +17.0% |
| Operating profit (loss) | 9901 | -€510 | -€1,004 | -€494 | -96.8% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €1,648 | €1,986 | +€338 | +20.5% |
| Recurring financial charges | 65 | €1,598 | €1,986 | +€388 | +24.3% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | -€2,158 | -€2,965 | -€807 | -37.4% |
| Profit (loss) for the period | 9904 | -€2,158 | -€2,965 | -€807 | -37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,158 | -€2,965 | -€807 | -37.4% |
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 2 October 2026 via checked.be.