ESTRA: 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.
ESTRA
Largest movements
- Receivables after one year +€52,108
up €52,108 (+6.1%), from €849,853 to €901,961
- Current investments +€25,452
up €25,452 (+30.2%), from €84,309 to €109,761
- Tangible fixed assets -€25,429
down €25,429 (-3.3%), from €771,828 to €746,399
- Receivables within one year -€21,059
down €21,059 (-100.0%), from €21,059 to €0
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€30,696
up €30,696, from -€20,632 to €10,064
- Taxes +€20,896
up €20,896, from -€20,896 to €0
- Financial income +€19,358
up €19,358 (+172.7%), from €11,212 to €30,570
- Depreciation +€6,784
up €6,784 (+36.4%), from €18,645 to €25,429
- Other operating charges +€4,491
new in 2025: €4,491
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 | €1,746,954 | €1,758,352 | +€11,399 | +0.7% |
| Fixed assets | 21/28 | €771,828 | €746,399 | -€25,429 | -3.3% |
| Tangible fixed assets | 22/27 | €771,828 | €746,399 | -€25,429 | -3.3% |
| Land and buildings | 22 | €771,828 | €746,399 | -€25,429 | -3.3% |
| Current assets | 29/58 | €975,126 | €1,011,954 | +€36,828 | +3.8% |
| Amounts receivable after more than one year | 29 | €849,853 | €901,961 | +€52,108 | +6.1% |
| Trade receivables | 290 | €849,853 | €901,961 | +€52,108 | +6.1% |
| Amounts receivable within one year | 40/41 | €21,059 | €0 | -€21,059 | -100.0% |
| Other amounts receivable | 41 | €21,059 | €0 | -€21,059 | -100.0% |
| Current investments | 50/53 | €84,309 | €109,761 | +€25,452 | +30.2% |
| Cash at bank and in hand | 54/58 | €16,005 | €232 | -€15,773 | -98.6% |
| Deferred charges and accrued income | 490/1 | €3,900 | €0 | -€3,900 | -100.0% |
| Total equity and liabilities | 10/49 | €1,746,954 | €1,758,352 | +€11,399 | +0.7% |
| Equity | 10/15 | €1,746,463 | €1,757,132 | +€10,669 | +0.6% |
| Contributions | 10/11 | €238,598 | €238,598 | = | 0.0% |
| Revaluation surpluses | 12 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €1,008,000 | €1,008,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €778,000 | €778,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €778,000 | +€778,000 | |
| Other | 1319 | €778,000 | - | -€778,000 | |
| Distributable reserves | 133 | €230,000 | €230,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€134 | €10,535 | +€10,669 | |
| Amounts payable | 17/49 | €491 | €1,220 | +€729 | +148.7% |
| Amounts payable within one year | 42/48 | €491 | €1,220 | +€729 | +148.7% |
| Trade debts | 44 | - | €1,220 | +€1,220 | |
| Suppliers | 440/4 | - | €1,220 | +€1,220 | |
| Other amounts payable | 47/48 | €491 | €0 | -€491 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,645 | €25,429 | +€6,784 | +36.4% |
| Other operating charges | 640/8 | - | €4,491 | +€4,491 | |
| Gross operating margin | 9900 | -€20,632 | €10,064 | +€30,696 | |
| Operating profit (loss) | 9901 | -€39,277 | -€19,856 | +€19,421 | +49.4% |
| Financial income | 75/76B | €11,212 | €30,570 | +€19,358 | +172.7% |
| Recurring financial income | 75 | €11,212 | €30,570 | +€19,358 | +172.7% |
| Financial charges | 65/66B | €50 | €45 | -€5 | -9.5% |
| Recurring financial charges | 65 | €50 | €45 | -€5 | -9.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,115 | €10,669 | +€38,784 | |
| Income taxes | 67/77 | -€20,896 | €0 | +€20,896 | |
| Profit (loss) for the period | 9904 | -€7,218 | €10,669 | +€17,888 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,218 | €10,669 | +€17,888 |
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 4 October 2026 via checked.be.