An'stituut: 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.
An'stituut
Largest movements
- Tangible fixed assets -€5,543
down €5,543 (-37.3%), from €14,852 to €9,308
of which Plant, machinery and equipment: -€6,650
- Receivables within one year +€4,279
up €4,279 (+108%), from €3,951 to €8,230
of which Other amounts receivable: +€4,190
- Cash +€1,662
up €1,662 (+72.4%), from €2,295 to €3,957
mainly Depreciation (+€6,773) and Other debts (+€5,995)
- Stocks and contracts +€416
up €416 (+24.2%), from €1,722 to €2,138
- Profit (loss) carried forward -€7,617
no longer reported in 2025 (was €7,617)
- Other debts +€5,995
up €5,995 (+302%), from €1,986 to €7,980
- Tax, wage and social debts +€5,534
up €5,534 (+16,831%), from €33 to €5,567
of which Remuneration and social security: +€3,000
- Debts after one year -€4,835
down €4,835 (-85.3%), from €5,669 to €833
- Trade debts +€1,467
up €1,467 (+154%), from €950 to €2,417
- Gross operating margin +€6,790
up €6,790 (+531%), from €1,278 to €8,068
- Depreciation -€3,855
down €3,855 (-36.3%), from €10,628 to €6,773
- Other operating charges -€1,189
down €1,189 (-75.4%), from €1,578 to €388
- Financial charges -€298
down €298 (-30.0%), from €993 to €695
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 | €22,819 | €23,633 | +€814 | +3.6% |
| Fixed assets | 21/28 | €14,852 | €9,308 | -€5,543 | -37.3% |
| Tangible fixed assets | 22/27 | €14,852 | €9,308 | -€5,543 | -37.3% |
| Plant, machinery and equipment | 23 | €14,852 | €8,202 | -€6,650 | -44.8% |
| Furniture and vehicles | 24 | - | €1,107 | +€1,107 | |
| Current assets | 29/58 | €7,967 | €14,325 | +€6,358 | +79.8% |
| Stocks and contracts in progress | 3 | €1,722 | €2,138 | +€416 | +24.2% |
| Stocks | 30/36 | €1,722 | €2,138 | +€416 | +24.2% |
| Amounts receivable within one year | 40/41 | €3,951 | €8,230 | +€4,279 | +108% |
| Trade receivables | 40 | - | €89 | +€89 | |
| Other amounts receivable | 41 | €3,951 | €8,140 | +€4,190 | +106% |
| Cash at bank and in hand | 54/58 | €2,295 | €3,957 | +€1,662 | +72.4% |
| Total equity and liabilities | 10/49 | €22,819 | €23,633 | +€814 | +3.6% |
| Equity | 10/15 | €9,617 | €2,000 | -€7,617 | -79.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,617 | - | -€7,617 | |
| Amounts payable | 17/49 | €13,202 | €21,633 | +€8,431 | +63.9% |
| Amounts payable after more than one year | 17 | €5,669 | €833 | -€4,835 | -85.3% |
| Financial debts | 170/4 | €5,669 | €833 | -€4,835 | -85.3% |
| Amounts payable within one year | 42/48 | €7,533 | €20,800 | +€13,266 | +176% |
| Current portion of amounts payable after more than one year | 42 | €4,565 | €4,835 | +€271 | +5.9% |
| Trade debts | 44 | €950 | €2,417 | +€1,467 | +154% |
| Suppliers | 440/4 | €950 | €2,417 | +€1,467 | +154% |
| Taxes, remuneration and social security | 45 | €33 | €5,567 | +€5,534 | +16,831% |
| Taxes | 450/3 | €33 | €2,567 | +€2,534 | +7,707% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | €1,986 | €7,980 | +€5,995 | +302% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Remuneration, social security and pensions | 62 | €346 | €327 | -€20 | -5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,628 | €6,773 | -€3,855 | -36.3% |
| Other operating charges | 640/8 | €1,578 | €388 | -€1,189 | -75.4% |
| Gross operating margin | 9900 | €1,278 | €8,068 | +€6,790 | +531% |
| Operating profit (loss) | 9901 | -€11,274 | €579 | +€11,854 | |
| Financial income | 75/76B | €6 | €7 | +€1 | +11.3% |
| Recurring financial income | 75 | €6 | €7 | +€1 | +11.3% |
| Financial charges | 65/66B | €993 | €695 | -€298 | -30.0% |
| Recurring financial charges | 65 | €993 | €695 | -€298 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | -€12,261 | -€109 | +€12,152 | +99.1% |
| Income taxes | 67/77 | €201 | €159 | -€42 | -20.8% |
| Profit (loss) for the period | 9904 | -€12,462 | -€268 | +€12,194 | +97.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,462 | -€268 | +€12,194 | +97.9% |
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 31 October 2026 via checked.be.