ESTATEGROUP: 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.
ESTATEGROUP
Largest movements
- Stocks and contracts -€5.8m
down €5.8m (-89.7%), from €6.5m to €664,996
- Deferred charges and accrued income +€1.5m
up €1.5m (+379%), from €404,454 to €1.9m
- Receivables within one year -€517,214
down €517,214 (-14.2%), from €3.6m to €3.1m
of which Other amounts receivable: -€459,597
- Short-term financial debts -€3.7m
down €3.7m (-70.8%), from €5.3m to €1.5m
- Other debts -€780,459
down €780,459 (-33.9%), from €2.3m to €1.5m
- Debts after one year -€139,020
down €139,020 (-7.7%), from €1.8m to €1.7m
of which Financial debts: -€139,020
- Advances received -€130,000
down €130,000 (-75.4%), from €172,410 to €42,410
- Financial income -€54,556
down €54,556 (-43.5%), from €125,516 to €70,960
- Other operating charges +€51,932
up €51,932 (+724%), from €7,168 to €59,101
- Financial charges -€51,025
down €51,025 (-9.6%), from €532,138 to €481,113
- Staff costs -€29,567
down €29,567 (-26.9%), from €109,992 to €80,425
- Gross operating margin +€25,530
up €25,530 (+4.6%), from €560,763 to €586,294
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,755,263 | €6,918,082 | -€4.8m | -41.1% |
| Fixed assets | 21/28 | €1,226,117 | €1,192,240 | -€33,878 | -2.8% |
| Tangible fixed assets | 22/27 | €1,226,117 | €1,192,240 | -€33,878 | -2.8% |
| Land and buildings | 22 | €1,223,212 | €1,192,240 | -€30,972 | -2.5% |
| Furniture and vehicles | 24 | €2,905 | - | -€2,905 | |
| Current assets | 29/58 | €10,529,146 | €5,725,843 | -€4.8m | -45.6% |
| Stocks and contracts in progress | 3 | €6,484,429 | €664,996 | -€5.8m | -89.7% |
| Stocks | 30/36 | €6,484,429 | €664,996 | -€5.8m | -89.7% |
| Amounts receivable within one year | 40/41 | €3,637,988 | €3,120,774 | -€517,214 | -14.2% |
| Trade receivables | 40 | €113,458 | €55,841 | -€57,617 | -50.8% |
| Other amounts receivable | 41 | €3,524,530 | €3,064,933 | -€459,597 | -13.0% |
| Cash at bank and in hand | 54/58 | €2,275 | €2,529 | +€254 | +11.2% |
| Deferred charges and accrued income | 490/1 | €404,454 | €1,937,544 | +€1.5m | +379% |
| Total equity and liabilities | 10/49 | €11,755,263 | €6,918,082 | -€4.8m | -41.1% |
| Equity | 10/15 | €1,974,172 | €1,975,674 | +€1,502 | +0.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €1,774,172 | €1,775,674 | +€1,502 | +0.1% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €1,754,172 | €1,755,674 | +€1,502 | +0.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €9,781,091 | €4,942,408 | -€4.8m | -49.5% |
| Amounts payable after more than one year | 17 | €1,797,320 | €1,658,300 | -€139,020 | -7.7% |
| Financial debts | 170/4 | €1,797,320 | €1,658,300 | -€139,020 | -7.7% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €7,983,771 | €3,284,108 | -€4.7m | -58.9% |
| Current portion of amounts payable after more than one year | 42 | €129,006 | €138,884 | +€9,878 | +7.7% |
| Financial debts | 43 | €5,259,000 | €1,537,336 | -€3.7m | -70.8% |
| Credit institutions | 430/8 | €5,259,000 | €1,537,336 | -€3.7m | -70.8% |
| Trade debts | 44 | €53,622 | €30,628 | -€22,994 | -42.9% |
| Suppliers | 440/4 | €53,622 | €30,628 | -€22,994 | -42.9% |
| Advances received on contracts in progress | 46 | €172,410 | €42,410 | -€130,000 | -75.4% |
| Taxes, remuneration and social security | 45 | €69,038 | €14,614 | -€54,423 | -78.8% |
| Taxes | 450/3 | €47,346 | €778 | -€46,568 | -98.4% |
| Remuneration and social security | 454/9 | €21,691 | €13,836 | -€7,855 | -36.2% |
| Other amounts payable | 47/48 | €2,300,696 | €1,520,237 | -€780,459 | -33.9% |
| Non-recurring operating income | 76A | €30,000 | - | -€30,000 | |
| Remuneration, social security and pensions | 62 | €109,992 | €80,425 | -€29,567 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,451 | €33,878 | -€574 | -1.7% |
| Other operating charges | 640/8 | €7,168 | €59,101 | +€51,932 | +724% |
| Gross operating margin | 9900 | €560,763 | €586,294 | +€25,530 | +4.6% |
| Operating profit (loss) | 9901 | €409,152 | €412,890 | +€3,738 | +0.9% |
| Financial income | 75/76B | €125,516 | €70,960 | -€54,556 | -43.5% |
| Recurring financial income | 75 | €125,516 | €70,960 | -€54,556 | -43.5% |
| Financial charges | 65/66B | €532,138 | €481,113 | -€51,025 | -9.6% |
| Recurring financial charges | 65 | €532,138 | €481,113 | -€51,025 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €2,529 | €2,737 | +€208 | +8.2% |
| Income taxes | 67/77 | €484 | €1,235 | +€751 | +155% |
| Profit (loss) for the period | 9904 | €2,046 | €1,502 | -€544 | -26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €2,046 | €1,502 | -€544 | -26.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.