Estate&Co: 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.
Estate&Co
Largest movements
- Tangible fixed assets -€96,028
down €96,028 (-4.2%), from €2.3m to €2.2m
of which Land and buildings: -€94,766
- Receivables within one year +€42,322
up €42,322 (+3.8%), from €1.1m to €1.1m
of which Trade receivables: +€44,607
- Debts after one year -€112,655
down €112,655 (-27.4%), from €411,578 to €298,923
- Other debts +€51,765
up €51,765 (+5.7%), from €903,872 to €955,636
- Profit (loss) carried forward +€50,108
up €50,108 (+13.7%), from €364,974 to €415,082
- Staff costs -€123,296
down €123,296 (-99.7%), from €123,672 to €376
- Gross operating margin -€73,709
down €73,709 (-33.2%), from €222,248 to €148,540
- Financial income -€40,748
down €40,748 (-45.0%), from €90,582 to €49,833
of which Financial income: -€39,586
- Financial charges +€17,070
up €17,070 (+99.1%), from €17,229 to €34,300
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,543,646 | €3,497,276 | -€46,370 | -1.3% |
| Fixed assets | 21/28 | €2,431,103 | €2,330,325 | -€100,779 | -4.1% |
| Intangible fixed assets | 21 | €43,400 | €38,440 | -€4,960 | -11.4% |
| Tangible fixed assets | 22/27 | €2,311,856 | €2,215,828 | -€96,028 | -4.2% |
| Land and buildings | 22 | €2,308,961 | €2,214,195 | -€94,766 | -4.1% |
| Plant, machinery and equipment | 23 | €2,895 | €1,632 | -€1,262 | -43.6% |
| Financial fixed assets | 28 | €75,847 | €76,057 | +€210 | +0.3% |
| Current assets | 29/58 | €1,112,542 | €1,166,951 | +€54,409 | +4.9% |
| Amounts receivable within one year | 40/41 | €1,103,486 | €1,145,808 | +€42,322 | +3.8% |
| Trade receivables | 40 | €7,100 | €51,708 | +€44,607 | +628% |
| Other amounts receivable | 41 | €1,096,386 | €1,094,100 | -€2,286 | -0.2% |
| Cash at bank and in hand | 54/58 | €1,387 | €17,459 | +€16,071 | +1,158% |
| Deferred charges and accrued income | 490/1 | €7,669 | €3,685 | -€3,984 | -51.9% |
| Total equity and liabilities | 10/49 | €3,543,646 | €3,497,276 | -€46,370 | -1.3% |
| Equity | 10/15 | €2,034,255 | €2,084,363 | +€50,108 | +2.5% |
| Contributions | 10/11 | €1,655,000 | €1,655,000 | = | 0.0% |
| Reserves | 13 | €14,281 | €14,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,281 | €14,281 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,281 | €14,281 | = | 0.0% |
| Profit (loss) carried forward | 14 | €364,974 | €415,082 | +€50,108 | +13.7% |
| Provisions and deferred taxes | 16 | €17,512 | €17,512 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €17,512 | €17,512 | = | 0.0% |
| Environmental obligations | 163 | €17,512 | €17,512 | = | 0.0% |
| Amounts payable | 17/49 | €1,491,879 | €1,395,401 | -€96,477 | -6.5% |
| Amounts payable after more than one year | 17 | €411,578 | €298,923 | -€112,655 | -27.4% |
| Financial debts | 170/4 | €411,578 | €298,923 | -€112,655 | -27.4% |
| Amounts payable within one year | 42/48 | €1,080,300 | €1,096,478 | +€16,178 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €112,655 | €112,655 | = | 0.0% |
| Trade debts | 44 | €47,820 | €26,240 | -€21,580 | -45.1% |
| Suppliers | 440/4 | €47,820 | €26,240 | -€21,580 | -45.1% |
| Taxes, remuneration and social security | 45 | €15,953 | €1,946 | -€14,007 | -87.8% |
| Taxes | 450/3 | €9,448 | €1,946 | -€7,502 | -79.4% |
| Remuneration and social security | 454/9 | €6,506 | - | -€6,506 | |
| Other amounts payable | 47/48 | €903,872 | €955,636 | +€51,765 | +5.7% |
| Remuneration, social security and pensions | 62 | €123,672 | €376 | -€123,296 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102,109 | €100,988 | -€1,121 | -1.1% |
| Other operating charges | 640/8 | €12,254 | €12,601 | +€348 | +2.8% |
| Gross operating margin | 9900 | €222,248 | €148,540 | -€73,709 | -33.2% |
| Operating profit (loss) | 9901 | -€15,787 | €34,574 | +€50,361 | |
| Financial income | 75/76B | €90,582 | €49,833 | -€40,748 | -45.0% |
| Recurring financial income | 75 | €89,419 | €49,833 | -€39,586 | -44.3% |
| Non-recurring financial income | 76B | €1,162 | - | -€1,162 | |
| Financial charges | 65/66B | €17,229 | €34,300 | +€17,070 | +99.1% |
| Recurring financial charges | 65 | €17,229 | €34,300 | +€17,070 | +99.1% |
| Profit (loss) for the period before taxes | 9903 | €57,566 | €50,108 | -€7,458 | -13.0% |
| Income taxes | 67/77 | €242 | - | -€242 | |
| Profit (loss) for the period | 9904 | €57,324 | €50,108 | -€7,216 | -12.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,324 | €50,108 | -€7,216 | -12.6% |
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 24 October 2026 via checked.be.