ESTATES Partner: 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.
ESTATES Partner
Largest movements
- Receivables after one year +€16,180
new in 2025: €16,180
- Receivables within one year -€14,394
down €14,394 (-79.2%), from €18,180 to €3,786
of which Other amounts receivable: -€16,608
- Deferred charges and accrued income +€12,865
up €12,865 (+2600.4%), from €495 to €13,360
- Other debts -€114,360
no longer reported in 2025 (was €114,360)
- Debts after one year +€86,499
up €86,499 (+15.3%), from €566,839 to €653,338
of which Other amounts payable: +€109,662
- Trade debts +€31,159
up €31,159 (+888.5%), from €3,507 to €34,666
- Other operating charges -€9,195
down €9,195 (-85.7%), from €10,731 to €1,536
- Depreciation +€3,222
up €3,222 (+16.7%), from €19,255 to €22,478
- Financial charges +€2,784
up €2,784 (+11.4%), from €24,374 to €27,157
- Gross operating margin +€2,140
up €2,140 (+3.8%), from €56,347 to €58,488
- Taxes +€1,044
up €1,044 (+312.1%), from €334 to €1,379
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 | €797,398 | €810,440 | +€13,041 | +1.6% |
| Fixed assets | 21/28 | €774,811 | €774,844 | +€32 | 0.0% |
| Tangible fixed assets | 22/27 | €774,811 | €774,844 | +€32 | 0.0% |
| Land and buildings | 22 | €773,261 | €774,069 | +€807 | +0.1% |
| Furniture and vehicles | 24 | €1,550 | €775 | -€775 | -50.0% |
| Current assets | 29/58 | €22,587 | €35,596 | +€13,009 | +57.6% |
| Amounts receivable after more than one year | 29 | - | €16,180 | +€16,180 | |
| Trade receivables | 290 | - | €16,180 | +€16,180 | |
| Amounts receivable within one year | 40/41 | €18,180 | €3,786 | -€14,394 | -79.2% |
| Trade receivables | 40 | - | €2,213 | +€2,213 | |
| Other amounts receivable | 41 | €18,180 | €1,572 | -€16,608 | -91.4% |
| Cash at bank and in hand | 54/58 | €3,912 | €2,271 | -€1,642 | -42.0% |
| Deferred charges and accrued income | 490/1 | €495 | €13,360 | +€12,865 | +2600.4% |
| Total equity and liabilities | 10/49 | €797,398 | €810,440 | +€13,041 | +1.6% |
| Equity | 10/15 | €74,456 | €80,394 | +€5,938 | +8.0% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €342 | €342 | = | 0.0% |
| Non-distributable reserves | 130/1 | €342 | €342 | = | 0.0% |
| Reserves not available under the articles | 1311 | €342 | €342 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,114 | €30,052 | +€5,938 | +24.6% |
| Amounts payable | 17/49 | €722,942 | €730,046 | +€7,103 | +1.0% |
| Amounts payable after more than one year | 17 | €566,839 | €653,338 | +€86,499 | +15.3% |
| Financial debts | 170/4 | €549,939 | €526,775 | -€23,163 | -4.2% |
| Other amounts payable | 178/9 | €16,900 | €126,562 | +€109,662 | +648.9% |
| Amounts payable within one year | 42/48 | €152,754 | €73,158 | -€79,596 | -52.1% |
| Current portion of amounts payable after more than one year | 42 | €33,373 | €36,779 | +€3,406 | +10.2% |
| Trade debts | 44 | €3,507 | €34,666 | +€31,159 | +888.5% |
| Suppliers | 440/4 | €3,507 | €34,666 | +€31,159 | +888.5% |
| Taxes, remuneration and social security | 45 | €1,514 | €1,713 | +€199 | +13.1% |
| Taxes | 450/3 | €1,514 | €1,713 | +€199 | +13.1% |
| Other amounts payable | 47/48 | €114,360 | - | -€114,360 | |
| Accrued charges and deferred income | 492/3 | €3,350 | €3,550 | +€200 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,255 | €22,478 | +€3,222 | +16.7% |
| Other operating charges | 640/8 | €10,731 | €1,536 | -€9,195 | -85.7% |
| Gross operating margin | 9900 | €56,347 | €58,488 | +€2,140 | +3.8% |
| Operating profit (loss) | 9901 | €26,361 | €34,474 | +€8,113 | +30.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €24,374 | €27,157 | +€2,784 | +11.4% |
| Recurring financial charges | 65 | €24,374 | €27,157 | +€2,784 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €1,988 | €7,317 | +€5,328 | +268.0% |
| Income taxes | 67/77 | €334 | €1,379 | +€1,044 | +312.1% |
| Profit (loss) for the period | 9904 | €1,654 | €5,938 | +€4,284 | +259.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,654 | €5,938 | +€4,284 | +259.1% |
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 2 October 2026 via checked.be.