Estavice: 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.
Estavice
Largest movements
- Cash +€927,578
up €927,578 (+2,314%), from €40,090 to €967,668
mainly Investment in fixed assets (net) (+€388,162) and Net result for the year (+€365,613)
- Tangible fixed assets -€433,830
down €433,830 (-32.3%), from €1.3m to €910,328
of which Land and buildings: -€421,522
- Stocks and contracts -€246,421
down €246,421 (-100%), from €246,421 to €0
- Receivables within one year -€189,651
down €189,651 (-42.1%), from €450,821 to €261,171
of which Other amounts receivable: -€248,599
- Reserves +€336,000
up €336,000 (+56.4%), from €595,860 to €931,860
- Debts after one year -€309,103
down €309,103 (-34.3%), from €900,636 to €591,533
- Current portion of long-term debt -€33,929
down €33,929 (-39.0%), from €87,081 to €53,151
- Trade debts +€33,165
up €33,165 (+2,012%), from €1,648 to €34,813
- Tax, wage and social debts +€23,872
up €23,872 (+35.3%), from €67,665 to €91,537
- Gross operating margin +€263,673
up €263,673 (+69.9%), from €377,209 to €640,882
- Financial income -€79,864
down €79,864 (-86.7%), from €92,125 to €12,261
of which Financial income: -€81,020
- Taxes +€79,481
up €79,481 (+88.3%), from €90,004 to €169,485
- Financial charges +€14,562
up €14,562 (+38.8%), from €37,497 to €52,059
- Other operating charges -€8,414
down €8,414 (-29.3%), from €28,732 to €20,318
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 | €2,103,310 | €2,161,145 | +€57,835 | +2.7% |
| Fixed assets | 21/28 | €1,358,548 | €924,718 | -€433,830 | -31.9% |
| Tangible fixed assets | 22/27 | €1,344,158 | €910,328 | -€433,830 | -32.3% |
| Land and buildings | 22 | €1,330,789 | €909,268 | -€421,522 | -31.7% |
| Furniture and vehicles | 24 | €13,369 | €1,060 | -€12,308 | -92.1% |
| Financial fixed assets | 28 | €14,390 | €14,390 | = | 0.0% |
| Current assets | 29/58 | €744,762 | €1,236,427 | +€491,665 | +66.0% |
| Stocks and contracts in progress | 3 | €246,421 | €0 | -€246,421 | -100% |
| Stocks | 30/36 | €246,421 | €0 | -€246,421 | -100% |
| Amounts receivable within one year | 40/41 | €450,821 | €261,171 | -€189,651 | -42.1% |
| Trade receivables | 40 | €7,461 | €66,409 | +€58,948 | +790% |
| Other amounts receivable | 41 | €443,360 | €194,762 | -€248,599 | -56.1% |
| Cash at bank and in hand | 54/58 | €40,090 | €967,668 | +€927,578 | +2,314% |
| Deferred charges and accrued income | 490/1 | €7,430 | €7,588 | +€158 | +2.1% |
| Total equity and liabilities | 10/49 | €2,103,310 | €2,161,145 | +€57,835 | +2.7% |
| Equity | 10/15 | €661,974 | €1,013,587 | +€351,613 | +53.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €595,860 | €931,860 | +€336,000 | +56.4% |
| Distributable reserves | 133 | €595,860 | €931,860 | +€336,000 | +56.4% |
| Profit (loss) carried forward | 14 | €47,514 | €63,127 | +€15,613 | +32.9% |
| Provisions and deferred taxes | 16 | €5,000 | €5,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,000 | €5,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €5,000 | €5,000 | = | 0.0% |
| Amounts payable | 17/49 | €1,436,336 | €1,142,558 | -€293,779 | -20.5% |
| Amounts payable after more than one year | 17 | €900,636 | €591,533 | -€309,103 | -34.3% |
| Financial debts | 170/4 | €900,636 | €591,533 | -€309,103 | -34.3% |
| Amounts payable within one year | 42/48 | €521,919 | €531,749 | +€9,829 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €87,081 | €53,151 | -€33,929 | -39.0% |
| Trade debts | 44 | €1,648 | €34,813 | +€33,165 | +2,012% |
| Suppliers | 440/4 | €1,648 | €34,813 | +€33,165 | +2,012% |
| Taxes, remuneration and social security | 45 | €67,665 | €91,537 | +€23,872 | +35.3% |
| Taxes | 450/3 | €67,665 | €91,537 | +€23,872 | +35.3% |
| Other amounts payable | 47/48 | €365,526 | €352,247 | -€13,279 | -3.6% |
| Accrued charges and deferred income | 492/3 | €13,781 | €19,276 | +€5,495 | +39.9% |
| Non-recurring operating income | 76A | €191,924 | €298,518 | +€106,594 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,932 | €45,668 | -€8,264 | -15.3% |
| Other operating charges | 640/8 | €28,732 | €20,318 | -€8,414 | -29.3% |
| Non-recurring operating charges | 66A | €13,354 | €0 | -€13,354 | -100% |
| Gross operating margin | 9900 | €377,209 | €640,882 | +€263,673 | +69.9% |
| Operating profit (loss) | 9901 | €281,191 | €574,896 | +€293,705 | +104% |
| Financial income | 75/76B | €92,125 | €12,261 | -€79,864 | -86.7% |
| Recurring financial income | 75 | €92,125 | €11,105 | -€81,020 | -87.9% |
| Non-recurring financial income | 76B | - | €1,156 | +€1,156 | |
| Financial charges | 65/66B | €37,497 | €52,059 | +€14,562 | +38.8% |
| Recurring financial charges | 65 | €37,497 | €52,059 | +€14,562 | +38.8% |
| Profit (loss) for the period before taxes | 9903 | €335,819 | €535,099 | +€199,280 | +59.3% |
| Income taxes | 67/77 | €90,004 | €169,485 | +€79,481 | +88.3% |
| Profit (loss) for the period | 9904 | €245,815 | €365,613 | +€119,798 | +48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €245,815 | €365,613 | +€119,798 | +48.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.