ESTAREA: 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.
ESTAREA
Largest movements
- Receivables within one year +€18,491
up €18,491 (+47.2%), from €39,171 to €57,661
of which Other amounts receivable: +€18,425
- Profit (loss) carried forward +€54,492
up €54,492 (+23.4%), from €233,142 to €287,634
- Other debts -€33,549
down €33,549 (-3.0%), from €1.1m to €1.1m
- Financial income -€54,068
down €54,068 (-42.6%), from €126,895 to €72,827
- Gross operating margin +€10,884
up €10,884 (+77.6%), from -€14,019 to -€3,134
- Taxes +€1,786
up €1,786 (+20.0%), from €8,950 to €10,736
- Financial charges -€646
down €646 (-16.5%), from €3,909 to €3,263
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 | €1,365,509 | €1,390,237 | +€24,728 | +1.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €128,000 | €128,000 | = | 0.0% |
| Financial fixed assets | 28 | €128,000 | €128,000 | = | 0.0% |
| Current assets | 29/58 | €1,237,509 | €1,262,237 | +€24,728 | +2.0% |
| Amounts receivable after more than one year | 29 | €1,174,767 | €1,174,767 | = | 0.0% |
| Other amounts receivable | 291 | €1,174,767 | €1,174,767 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,171 | €57,661 | +€18,491 | +47.2% |
| Trade receivables | 40 | - | €66 | +€66 | |
| Other amounts receivable | 41 | €39,171 | €57,595 | +€18,425 | +47.0% |
| Cash at bank and in hand | 54/58 | €404 | €6,314 | +€5,910 | +1463.4% |
| Deferred charges and accrued income | 490/1 | €23,167 | €23,495 | +€328 | +1.4% |
| Total equity and liabilities | 10/49 | €1,365,509 | €1,390,237 | +€24,728 | +1.8% |
| Equity | 10/15 | €238,142 | €292,634 | +€54,492 | +22.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €233,142 | €287,634 | +€54,492 | +23.4% |
| Amounts payable | 17/49 | €1,127,366 | €1,097,603 | -€29,764 | -2.6% |
| Amounts payable within one year | 42/48 | €1,127,366 | €1,097,603 | -€29,764 | -2.6% |
| Trade debts | 44 | - | €0 | = | |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €6,950 | €10,736 | +€3,786 | +54.5% |
| Taxes | 450/3 | €6,950 | €10,736 | +€3,786 | +54.5% |
| Other amounts payable | 47/48 | €1,120,416 | €1,086,867 | -€33,549 | -3.0% |
| Other operating charges | 640/8 | €1,318 | €1,202 | -€116 | -8.8% |
| Gross operating margin | 9900 | -€14,019 | -€3,134 | +€10,884 | +77.6% |
| Operating profit (loss) | 9901 | -€15,336 | -€4,336 | +€11,000 | +71.7% |
| Financial income | 75/76B | €126,895 | €72,827 | -€54,068 | -42.6% |
| Recurring financial income | 75 | €126,895 | €72,827 | -€54,068 | -42.6% |
| Financial charges | 65/66B | €3,909 | €3,263 | -€646 | -16.5% |
| Recurring financial charges | 65 | €3,909 | €3,263 | -€646 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €107,649 | €65,228 | -€42,422 | -39.4% |
| Income taxes | 67/77 | €8,950 | €10,736 | +€1,786 | +20.0% |
| Profit (loss) for the period | 9904 | €98,699 | €54,492 | -€44,208 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,699 | €54,492 | -€44,208 | -44.8% |
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 3 October 2026 via checked.be.