L'ESTORIL: 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.
L'ESTORIL
Largest movements
- Receivables within one year -€29,817
no longer reported in 2025 (was €29,817)
- Tangible fixed assets -€15,328
down €15,328 (-10.5%), from €146,067 to €130,739
- Other debts -€56,112
down €56,112 (-3.3%), from €1.7m to €1.6m
- Profit (loss) carried forward +€10,050
up €10,050 (+0.6%), from -€1.6m to -€1.6m
- Staff costs +€8,683
up €8,683 (+16.5%), from €52,780 to €61,462
- Gross operating margin +€4,563
up €4,563 (+5.2%), from €88,412 to €92,974
- Financial income -€3,325
no longer reported in 2025 (was €3,325)
- Depreciation -€2,215
down €2,215 (-12.6%), from €17,543 to €15,328
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €176,529 | €131,383 | -€45,145 | -25.6% |
| Fixed assets | 21/28 | €146,711 | €131,383 | -€15,328 | -10.4% |
| Tangible fixed assets | 22/27 | €146,067 | €130,739 | -€15,328 | -10.5% |
| Land and buildings | 22 | €146,067 | €130,739 | -€15,328 | -10.5% |
| Financial fixed assets | 28 | €644 | €644 | = | 0.0% |
| Current assets | 29/58 | €29,817 | - | -€29,817 | |
| Amounts receivable within one year | 40/41 | €29,817 | - | -€29,817 | |
| Other amounts receivable | 41 | €29,817 | - | -€29,817 | |
| Total equity and liabilities | 10/49 | €176,529 | €131,383 | -€45,145 | -25.6% |
| Equity | 10/15 | -€1,534,540 | -€1,524,489 | +€10,050 | +0.7% |
| Contributions | 10/11 | €80,750 | €80,750 | = | 0.0% |
| Capital | 10 | €80,750 | €80,750 | = | 0.0% |
| Issued capital | 100 | €80,750 | €80,750 | = | 0.0% |
| Reserves | 13 | €3,223 | €3,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,208 | €1,208 | = | 0.0% |
| Legal reserve | 130 | €1,208 | €1,208 | = | 0.0% |
| Distributable reserves | 133 | €2,015 | €2,015 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,618,513 | -€1,608,462 | +€10,050 | +0.6% |
| Amounts payable | 17/49 | €1,711,068 | €1,655,872 | -€55,196 | -3.2% |
| Amounts payable within one year | 42/48 | €1,711,068 | €1,655,872 | -€55,196 | -3.2% |
| Trade debts | 44 | €2,299 | €1,559 | -€740 | -32.2% |
| Suppliers | 440/4 | €2,299 | €1,559 | -€740 | -32.2% |
| Taxes, remuneration and social security | 45 | €3,465 | €5,122 | +€1,657 | +47.8% |
| Remuneration and social security | 454/9 | €3,465 | €5,122 | +€1,657 | +47.8% |
| Other amounts payable | 47/48 | €1,705,304 | €1,649,192 | -€56,112 | -3.3% |
| Remuneration, social security and pensions | 62 | €52,780 | €61,462 | +€8,683 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,543 | €15,328 | -€2,215 | -12.6% |
| Other operating charges | 640/8 | €6,133 | €6,133 | = | 0.0% |
| Gross operating margin | 9900 | €88,412 | €92,974 | +€4,563 | +5.2% |
| Operating profit (loss) | 9901 | €11,955 | €10,050 | -€1,905 | -15.9% |
| Financial income | 75/76B | €3,325 | - | -€3,325 | |
| Recurring financial income | 75 | €3,325 | - | -€3,325 | |
| Profit (loss) for the period before taxes | 9903 | €15,280 | €10,050 | -€5,230 | -34.2% |
| Profit (loss) for the period | 9904 | €15,280 | €10,050 | -€5,230 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,280 | €10,050 | -€5,230 | -34.2% |
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 3 October 2026 via checked.be.