ESTACO: what changed
What changed
ESTACO
filed annual accounts (NBB)
Net result for the year
-€630,710
2023 · €22,136-€652,846
Equity
€40,272
2023 · €670,982-€630,710
Cash
-
2023 · €28-€28
Balance sheet total
€1.2m
2023 · €1.9m-€634,307
Largest movements
Assets
- Receivables within one year -€613,510
down €613,510 (-33.9%), from €1.8m to €1.2m
of which Other amounts receivable: -€613,510
- Deferred charges and accrued income -€20,770
down €20,770 (-34.5%), from €60,280 to €39,510
Equity and liabilities
- Profit (loss) carried forward -€630,710
down €630,710, from €252,680 to -€378,029
Income statement
- Financial charges +€641,324
up €641,324 (+1,803%), from €35,562 to €676,886
- Taxes +€7,385
new in 2024: €7,385
- Financial income -€3,467
down €3,467 (-5.9%), from €59,157 to €55,690
of which Financial income: -€20,770
- Gross operating margin -€407
down €407 (-38.4%), from -€1,058 to -€1,465
- Other operating charges +€265
up €265 (+66.1%), from €400 to €665
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
€22,136
Gross operating margin
-€407
Other operating charges
-€265
Financial income
-€3,467
Financial charges
-€641,324
Taxes
-€7,385
Result 2024
-€630,710
lowers the result
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€28
Investment
€0
Financing
€0
Cash 2023
€28
From operations (derived)
-€28
Net result for the year
-€630,710
Receivables within one year
+€613,510
Deferred charges and accrued income
+€20,770
Smaller working-capital items
-€646
Tax, wage and social debts
+€4,299
Other debts
-€7,251
Cash 2024
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,879,488 | €1,245,180 | -€634,307 | -33.7% |
| Fixed assets | 21/28 | €9,500 | €9,500 | = | 0.0% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €1,869,988 | €1,235,680 | -€634,307 | -33.9% |
| Amounts receivable within one year | 40/41 | €1,809,680 | €1,196,170 | -€613,510 | -33.9% |
| Trade receivables | 40 | €61,836 | €61,836 | = | 0.0% |
| Other amounts receivable | 41 | €1,747,844 | €1,134,334 | -€613,510 | -35.1% |
| Cash at bank and in hand | 54/58 | €28 | - | -€28 | |
| Deferred charges and accrued income | 490/1 | €60,280 | €39,510 | -€20,770 | -34.5% |
| Total equity and liabilities | 10/49 | €1,879,488 | €1,245,180 | -€634,307 | -33.7% |
| Equity | 10/15 | €670,982 | €40,272 | -€630,710 | -94.0% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €353,301 | €353,301 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,500 | €6,500 | = | 0.0% |
| Legal reserve | 130 | €6,500 | €6,500 | = | 0.0% |
| Distributable reserves | 133 | €346,801 | €346,801 | = | 0.0% |
| Profit (loss) carried forward | 14 | €252,680 | -€378,029 | -€630,710 | |
| Amounts payable | 17/49 | €1,208,506 | €1,204,908 | -€3,597 | -0.3% |
| Amounts payable within one year | 42/48 | €1,078,482 | €1,075,131 | -€3,351 | -0.3% |
| Trade debts | 44 | €55,867 | €55,467 | -€400 | -0.7% |
| Suppliers | 440/4 | €55,867 | €55,467 | -€400 | -0.7% |
| Taxes, remuneration and social security | 45 | €1,608 | €5,908 | +€4,299 | +267% |
| Taxes | 450/3 | €1,608 | €5,908 | +€4,299 | +267% |
| Other amounts payable | 47/48 | €1,021,007 | €1,013,756 | -€7,251 | -0.7% |
| Accrued charges and deferred income | 492/3 | €130,023 | €129,777 | -€246 | -0.2% |
| Other operating charges | 640/8 | €400 | €665 | +€265 | +66.1% |
| Gross operating margin | 9900 | -€1,058 | -€1,465 | -€407 | -38.4% |
| Operating profit (loss) | 9901 | -€1,458 | -€2,129 | -€671 | -46.0% |
| Financial income | 75/76B | €59,157 | €55,690 | -€3,467 | -5.9% |
| Recurring financial income | 75 | €59,157 | €38,387 | -€20,770 | -35.1% |
| Non-recurring financial income | 76B | - | €17,303 | +€17,303 | |
| Financial charges | 65/66B | €35,562 | €676,886 | +€641,324 | +1,803% |
| Recurring financial charges | 65 | €35,562 | €676,886 | +€641,324 | +1,803% |
| Profit (loss) for the period before taxes | 9903 | €22,136 | -€623,325 | -€645,462 | |
| Income taxes | 67/77 | - | €7,385 | +€7,385 | |
| Profit (loss) for the period | 9904 | €22,136 | -€630,710 | -€652,846 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,136 | -€630,710 | -€652,846 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.