Estancia: 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.
What changed
Estancia
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€10,013
2024 · -€12,868+€2,855
Equity
€228,976
2024 · €238,989-€10,013
Cash
€4,701
2024 · €2,796+€1,905
Balance sheet total
€1.4m
2024 · €1.4m-€16,237
Largest movements
Assets
- Tangible fixed assets -€29,287
down €29,287 (-2.2%), from €1.3m to €1.3m
Equity and liabilities
- Debts after one year -€32,137
down €32,137 (-3.0%), from €1.1m to €1.0m
- Trade debts +€17,252
up €17,252 (+69.8%), from €24,711 to €41,963
Income statement
- Other operating charges +€9,404
up €9,404 (+92.5%), from €10,169 to €19,573
- Gross operating margin +€7,178
up €7,178 (+18.6%), from €38,675 to €45,853
- Financial charges -€5,081
down €5,081 (-42.0%), from €12,087 to €7,006
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.
Result 2024
-€12,868
Gross operating margin
+€7,178
Other operating charges
-€9,404
Financial charges
+€5,081
Result 2025
-€10,013
raises the resultlowers the result
Derived cash bridge
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.
From operations
+€26,346
Investment
€0
Financing
-€24,441
Cash 2024
€2,796
From operations (derived)
+€26,346
Net result for the year
-€10,013
Depreciation
+€29,287
Receivables within one year
-€7,822
Deferred charges and accrued income
-€3,322
Trade debts
+€17,252
Tax, wage and social debts
+€641
Other debts
-€100
Accrued charges and deferred income
+€424
Financing
-€24,441
Debts after one year
-€32,137
Current portion of long-term debt
+€7,696
Cash 2025
€4,701
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,375,139 | €1,358,902 | -€16,237 | -1.2% |
| Fixed assets | 21/28 | €1,346,623 | €1,317,336 | -€29,287 | -2.2% |
| Tangible fixed assets | 22/27 | €1,346,623 | €1,317,336 | -€29,287 | -2.2% |
| Land and buildings | 22 | €1,346,623 | €1,317,336 | -€29,287 | -2.2% |
| Current assets | 29/58 | €28,516 | €41,566 | +€13,050 | +45.8% |
| Amounts receivable within one year | 40/41 | €25,720 | €33,543 | +€7,822 | +30.4% |
| Trade receivables | 40 | €17,681 | €21,004 | +€3,322 | +18.8% |
| Other amounts receivable | 41 | €8,039 | €12,539 | +€4,500 | +56.0% |
| Cash at bank and in hand | 54/58 | €2,796 | €4,701 | +€1,905 | +68.1% |
| Deferred charges and accrued income | 490/1 | - | €3,322 | +€3,322 | |
| Total equity and liabilities | 10/49 | €1,375,139 | €1,358,902 | -€16,237 | -1.2% |
| Equity | 10/15 | €238,989 | €228,976 | -€10,013 | -4.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €204,900 | €204,900 | = | 0.0% |
| Reserves | 13 | €16,887 | €16,887 | = | 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% |
| Tax-exempt reserves | 132 | €15,028 | €15,028 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,390 | -€11,403 | -€10,013 | -720% |
| Amounts payable | 17/49 | €1,136,150 | €1,129,926 | -€6,224 | -0.5% |
| Amounts payable after more than one year | 17 | €1,072,772 | €1,040,635 | -€32,137 | -3.0% |
| Financial debts | 170/4 | €1,072,772 | €1,040,635 | -€32,137 | -3.0% |
| Amounts payable within one year | 42/48 | €62,990 | €88,480 | +€25,489 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €35,694 | €43,390 | +€7,696 | +21.6% |
| Trade debts | 44 | €24,711 | €41,963 | +€17,252 | +69.8% |
| Suppliers | 440/4 | €24,711 | €41,963 | +€17,252 | +69.8% |
| Taxes, remuneration and social security | 45 | €1,660 | €2,301 | +€641 | +38.6% |
| Taxes | 450/3 | €1,660 | €2,301 | +€641 | +38.6% |
| Other amounts payable | 47/48 | €925 | €825 | -€100 | -10.8% |
| Accrued charges and deferred income | 492/3 | €387 | €811 | +€424 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,287 | €29,287 | = | 0.0% |
| Other operating charges | 640/8 | €10,169 | €19,573 | +€9,404 | +92.5% |
| Gross operating margin | 9900 | €38,675 | €45,853 | +€7,178 | +18.6% |
| Operating profit (loss) | 9901 | -€781 | -€3,007 | -€2,226 | -285% |
| Financial charges | 65/66B | €12,087 | €7,006 | -€5,081 | -42.0% |
| Recurring financial charges | 65 | €12,087 | €7,006 | -€5,081 | -42.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,868 | -€10,013 | +€2,855 | +22.2% |
| Profit (loss) for the period | 9904 | -€12,868 | -€10,013 | +€2,855 | +22.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,868 | -€10,013 | +€2,855 | +22.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.