IMMO ESTEREL: 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.
IMMO ESTEREL
Largest movements
- Tangible fixed assets -€10,702
down €10,702 (-5.6%), from €192,634 to €181,932
- Cash -€7,743
down €7,743 (-81.9%), from €9,456 to €1,712
mainly Debts after one year (-€39,849) and Net result for the year (-€38,421)
- Debts after one year -€39,849
down €39,849 (-20.7%), from €192,220 to €152,370
- Profit (loss) carried forward -€38,421
down €38,421 (-175%), from -€22,003 to -€60,424
- Current portion of long-term debt +€30,414
up €30,414 (+322%), from €9,435 to €39,849
- Other debts +€26,000
up €26,000 (+34,731%), from €75 to €26,075
- Gross operating margin -€12,486
down €12,486 (-403%), from -€3,095 to -€15,581
- Financial charges +€404
up €404 (+5.4%), from €7,551 to €7,955
- Financial income -€165
down €165 (-94.1%), from €176 to €10
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 | €204,852 | €183,760 | -€21,092 | -10.3% |
| Fixed assets | 21/28 | €192,634 | €181,932 | -€10,702 | -5.6% |
| Tangible fixed assets | 22/27 | €192,634 | €181,932 | -€10,702 | -5.6% |
| Land and buildings | 22 | €192,634 | €181,932 | -€10,702 | -5.6% |
| Current assets | 29/58 | €12,218 | €1,828 | -€10,390 | -85.0% |
| Amounts receivable within one year | 40/41 | €947 | €116 | -€831 | -87.8% |
| Other amounts receivable | 41 | €947 | €116 | -€831 | -87.8% |
| Cash at bank and in hand | 54/58 | €9,456 | €1,712 | -€7,743 | -81.9% |
| Deferred charges and accrued income | 490/1 | €1,815 | - | -€1,815 | |
| Total equity and liabilities | 10/49 | €204,852 | €183,760 | -€21,092 | -10.3% |
| Equity | 10/15 | €2,997 | -€35,424 | -€38,421 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,003 | -€60,424 | -€38,421 | -175% |
| Amounts payable | 17/49 | €201,856 | €219,185 | +€17,329 | +8.6% |
| Amounts payable after more than one year | 17 | €192,220 | €152,370 | -€39,849 | -20.7% |
| Financial debts | 170/4 | €192,220 | €152,370 | -€39,849 | -20.7% |
| Amounts payable within one year | 42/48 | €9,636 | €65,924 | +€56,288 | +584% |
| Current portion of amounts payable after more than one year | 42 | €9,435 | €39,849 | +€30,414 | +322% |
| Trade debts | 44 | €126 | - | -€126 | |
| Suppliers | 440/4 | €126 | - | -€126 | |
| Other amounts payable | 47/48 | €75 | €26,075 | +€26,000 | +34,731% |
| Accrued charges and deferred income | 492/3 | - | €890 | +€890 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,702 | €10,702 | = | 0.0% |
| Other operating charges | 640/8 | €4,098 | €4,194 | +€96 | +2.3% |
| Gross operating margin | 9900 | -€3,095 | -€15,581 | -€12,486 | -403% |
| Operating profit (loss) | 9901 | -€17,895 | -€30,476 | -€12,581 | -70.3% |
| Financial income | 75/76B | €176 | €10 | -€165 | -94.1% |
| Recurring financial income | 75 | €176 | €10 | -€165 | -94.1% |
| Financial charges | 65/66B | €7,551 | €7,955 | +€404 | +5.4% |
| Recurring financial charges | 65 | €7,551 | €7,955 | +€404 | +5.4% |
| Profit (loss) for the period before taxes | 9903 | -€25,270 | -€38,421 | -€13,151 | -52.0% |
| Profit (loss) for the period | 9904 | -€25,270 | -€38,421 | -€13,151 | -52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,270 | -€38,421 | -€13,151 | -52.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.