Estate88: 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.
Estate88
Largest movements
- Stocks and contracts -€70,000
down €70,000 (-5.6%), from €1.3m to €1.2m
- Short-term financial debts -€216,528
down €216,528 (-24.6%), from €878,640 to €662,111
- Other debts +€128,048
up €128,048 (+35.6%), from €360,000 to €488,048
- Gross operating margin -€3,800
down €3,800 (-5.7%), from €66,380 to €62,580
- Financial charges -€2,944
down €2,944 (-5.7%), from €51,774 to €48,831
- Other operating charges +€1,294
up €1,294 (+60.3%), from €2,144 to €3,438
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 | €1,267,508 | €1,197,841 | -€69,667 | -5.5% |
| Fixed assets | 21/28 | €3,910 | €2,906 | -€1,004 | -25.7% |
| Intangible fixed assets | 21 | €3,910 | €2,906 | -€1,004 | -25.7% |
| Current assets | 29/58 | €1,263,598 | €1,194,935 | -€68,663 | -5.4% |
| Stocks and contracts in progress | 3 | €1,260,205 | €1,190,205 | -€70,000 | -5.6% |
| Stocks | 30/36 | €1,260,205 | €1,190,205 | -€70,000 | -5.6% |
| Amounts receivable within one year | 40/41 | - | €452 | +€452 | |
| Other amounts receivable | 41 | - | €452 | +€452 | |
| Cash at bank and in hand | 54/58 | €2,698 | €3,616 | +€919 | +34.1% |
| Deferred charges and accrued income | 490/1 | €696 | €663 | -€33 | -4.7% |
| Total equity and liabilities | 10/49 | €1,267,508 | €1,197,841 | -€69,667 | -5.5% |
| Equity | 10/15 | €19,896 | €26,637 | +€6,741 | +33.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €9,896 | €16,637 | +€6,741 | +68.1% |
| Distributable reserves | 133 | €9,896 | €16,637 | +€6,741 | +68.1% |
| Amounts payable | 17/49 | €1,247,613 | €1,171,205 | -€76,408 | -6.1% |
| Amounts payable within one year | 42/48 | €1,247,613 | €1,171,205 | -€76,408 | -6.1% |
| Financial debts | 43 | €878,640 | €662,111 | -€216,528 | -24.6% |
| Credit institutions | 430/8 | €878,640 | €662,111 | -€216,528 | -24.6% |
| Trade debts | 44 | €5,848 | €18,479 | +€12,631 | +216% |
| Suppliers | 440/4 | €5,848 | €18,479 | +€12,631 | +216% |
| Taxes, remuneration and social security | 45 | €3,125 | €2,566 | -€559 | -17.9% |
| Taxes | 450/3 | €3,125 | €2,566 | -€559 | -17.9% |
| Other amounts payable | 47/48 | €360,000 | €488,048 | +€128,048 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,004 | €1,004 | = | 0.0% |
| Other operating charges | 640/8 | €2,144 | €3,438 | +€1,294 | +60.3% |
| Gross operating margin | 9900 | €66,380 | €62,580 | -€3,800 | -5.7% |
| Operating profit (loss) | 9901 | €63,231 | €58,137 | -€5,094 | -8.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -35.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -35.0% |
| Financial charges | 65/66B | €51,774 | €48,831 | -€2,944 | -5.7% |
| Recurring financial charges | 65 | €51,774 | €48,831 | -€2,944 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €11,457 | €9,307 | -€2,151 | -18.8% |
| Income taxes | 67/77 | €3,125 | €2,566 | -€559 | -17.9% |
| Profit (loss) for the period | 9904 | €8,332 | €6,741 | -€1,591 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,332 | €6,741 | -€1,591 | -19.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.