ESTALOCA: 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.
ESTALOCA
Largest movements
- Tangible fixed assets -€7,856
down €7,856 (-10.9%), from €72,146 to €64,291
of which Other tangible fixed assets: -€8,862
- Receivables within one year -€4,215
down €4,215 (-29.4%), from €14,316 to €10,101
- Cash -€1,480
down €1,480 (-93.1%), from €1,590 to €110
mainly Net result for the year (-€12,439) and Investment in fixed assets (net) (-€2,009)
- Profit (loss) carried forward -€12,439
down €12,439 (-14.5%), from -€85,515 to -€97,954
- Tax, wage and social debts -€1,041
down €1,041 (-45.0%), from €2,316 to €1,275
- Depreciation +€9,206
up €9,206 (+1396.7%), from €659 to €9,865
- Gross operating margin -€5,559
down €5,559, from €5,057 to -€502
- Other operating charges -€852
down €852 (-52.5%), from €1,623 to €771
- Financial charges -€171
down €171 (-11.6%), from €1,478 to €1,308
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 | €89,126 | €75,854 | -€13,272 | -14.9% |
| Formation expenses | 20 | €606 | €606 | = | 0.0% |
| Fixed assets | 21/28 | €72,146 | €64,291 | -€7,856 | -10.9% |
| Tangible fixed assets | 22/27 | €72,146 | €64,291 | -€7,856 | -10.9% |
| Plant, machinery and equipment | 23 | €1,125 | €2,131 | +€1,007 | +89.5% |
| Other tangible fixed assets | 26 | €71,021 | €62,159 | -€8,862 | -12.5% |
| Current assets | 29/58 | €16,374 | €10,958 | -€5,416 | -33.1% |
| Amounts receivable within one year | 40/41 | €14,316 | €10,101 | -€4,215 | -29.4% |
| Trade receivables | 40 | €14,316 | €10,101 | -€4,215 | -29.4% |
| Cash at bank and in hand | 54/58 | €1,590 | €110 | -€1,480 | -93.1% |
| Deferred charges and accrued income | 490/1 | €467 | €746 | +€279 | +59.7% |
| Total equity and liabilities | 10/49 | €89,126 | €75,854 | -€13,272 | -14.9% |
| Equity | 10/15 | €40,764 | €28,325 | -€12,439 | -30.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €107,687 | €107,687 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €105,828 | €105,828 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€85,515 | -€97,954 | -€12,439 | -14.5% |
| Amounts payable | 17/49 | €48,362 | €47,528 | -€833 | -1.7% |
| Amounts payable within one year | 42/48 | €48,362 | €47,528 | -€833 | -1.7% |
| Financial debts | 43 | €9,722 | €9,930 | +€208 | +2.1% |
| Credit institutions | 430/8 | €9,722 | €9,930 | +€208 | +2.1% |
| Trade debts | 44 | €1,635 | €1,548 | -€88 | -5.4% |
| Suppliers | 440/4 | €1,635 | €1,548 | -€88 | -5.4% |
| Taxes, remuneration and social security | 45 | €2,316 | €1,275 | -€1,041 | -45.0% |
| Taxes | 450/3 | €2,316 | €1,275 | -€1,041 | -45.0% |
| Other amounts payable | 47/48 | €34,688 | €34,776 | +€87 | +0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €659 | €9,865 | +€9,206 | +1396.7% |
| Other operating charges | 640/8 | €1,623 | €771 | -€852 | -52.5% |
| Gross operating margin | 9900 | €5,057 | -€502 | -€5,559 | |
| Operating profit (loss) | 9901 | €2,775 | -€11,138 | -€13,913 | |
| Financial income | 75/76B | €31 | €7 | -€24 | -78.0% |
| Recurring financial income | 75 | €31 | €7 | -€24 | -78.0% |
| Financial charges | 65/66B | €1,478 | €1,308 | -€171 | -11.6% |
| Recurring financial charges | 65 | €1,478 | €1,308 | -€171 | -11.6% |
| Profit (loss) for the period before taxes | 9903 | €1,327 | -€12,438 | -€13,766 | |
| Income taxes | 67/77 | €1 | €0 | -€0 | -73.1% |
| Profit (loss) for the period | 9904 | €1,327 | -€12,439 | -€13,766 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,327 | -€12,439 | -€13,766 |
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 8 October 2026 via checked.be.