INSTAL’TOIT: 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.
INSTAL’TOIT
Largest movements
- Tangible fixed assets +€35,596
up €35,596 (+2,732%), from €1,303 to €36,899
of which Plant, machinery and equipment: +€30,425
- Receivables within one year +€22,794
up €22,794 (+71.3%), from €31,966 to €54,760
of which Trade receivables: +€18,362
- Stocks and contracts +€10,000
new in 2025: €10,000
- Deferred charges and accrued income -€1,804
no longer reported in 2025 (was €1,804)
- Debts after one year +€43,750
new in 2025: €43,750
- Profit (loss) carried forward +€14,712
up €14,712 (+88.3%), from €16,663 to €31,375
- Current portion of long-term debt +€9,113
new in 2025: €9,113
- Trade debts -€6,406
down €6,406 (-26.1%), from €24,586 to €18,180
- Tax, wage and social debts +€3,774
up €3,774 (+78.6%), from €4,804 to €8,578
of which Remuneration and social security: +€3,918
- Staff costs -€33,984
down €33,984 (-36.8%), from €92,446 to €58,462
- Gross operating margin -€27,421
down €27,421 (-23.6%), from €116,008 to €88,587
- Financial charges +€5,114
new in 2025: €5,114
- Depreciation +€2,713
up €2,713 (+149%), from €1,826 to €4,539
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 | €51,106 | €117,474 | +€66,368 | +130% |
| Fixed assets | 21/28 | €1,303 | €36,899 | +€35,596 | +2,732% |
| Tangible fixed assets | 22/27 | €1,303 | €36,899 | +€35,596 | +2,732% |
| Plant, machinery and equipment | 23 | - | €30,425 | +€30,425 | |
| Furniture and vehicles | 24 | €1,303 | €6,474 | +€5,171 | +397% |
| Current assets | 29/58 | €49,803 | €80,575 | +€30,772 | +61.8% |
| Stocks and contracts in progress | 3 | - | €10,000 | +€10,000 | |
| Contracts in progress | 37 | - | €10,000 | +€10,000 | |
| Amounts receivable within one year | 40/41 | €31,966 | €54,760 | +€22,794 | +71.3% |
| Trade receivables | 40 | €28,288 | €46,650 | +€18,362 | +64.9% |
| Other amounts receivable | 41 | €3,678 | €8,110 | +€4,432 | +121% |
| Cash at bank and in hand | 54/58 | €16,033 | €15,815 | -€218 | -1.4% |
| Deferred charges and accrued income | 490/1 | €1,804 | - | -€1,804 | |
| Total equity and liabilities | 10/49 | €51,106 | €117,474 | +€66,368 | +130% |
| Equity | 10/15 | €19,663 | €34,375 | +€14,712 | +74.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | €3,000 | - | -€3,000 | |
| Issued capital | 100 | €3,000 | - | -€3,000 | |
| Contributions outside capital | 11 | - | €3,000 | +€3,000 | |
| Share premium | 1100/10 | - | €3,000 | +€3,000 | |
| Profit (loss) carried forward | 14 | €16,663 | €31,375 | +€14,712 | +88.3% |
| Amounts payable | 17/49 | €31,443 | €83,099 | +€51,656 | +164% |
| Amounts payable after more than one year | 17 | - | €43,750 | +€43,750 | |
| Financial debts | 170/4 | - | €43,750 | +€43,750 | |
| Amounts payable within one year | 42/48 | €31,443 | €36,149 | +€4,706 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | - | €9,113 | +€9,113 | |
| Trade debts | 44 | €24,586 | €18,180 | -€6,406 | -26.1% |
| Suppliers | 440/4 | €24,586 | €18,180 | -€6,406 | -26.1% |
| Taxes, remuneration and social security | 45 | €4,804 | €8,578 | +€3,774 | +78.6% |
| Taxes | 450/3 | €4,659 | €4,515 | -€144 | -3.1% |
| Remuneration and social security | 454/9 | €145 | €4,063 | +€3,918 | +2,702% |
| Other amounts payable | 47/48 | €2,053 | €278 | -€1,775 | -86.5% |
| Accrued charges and deferred income | 492/3 | - | €3,200 | +€3,200 | |
| Remuneration, social security and pensions | 62 | €92,446 | €58,462 | -€33,984 | -36.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,826 | €4,539 | +€2,713 | +149% |
| Other operating charges | 640/8 | €558 | €115 | -€443 | -79.4% |
| Gross operating margin | 9900 | €116,008 | €88,587 | -€27,421 | -23.6% |
| Operating profit (loss) | 9901 | €21,178 | €25,471 | +€4,293 | +20.3% |
| Financial charges | 65/66B | - | €5,114 | +€5,114 | |
| Recurring financial charges | 65 | - | €5,114 | +€5,114 | |
| Profit (loss) for the period before taxes | 9903 | €21,178 | €20,357 | -€821 | -3.9% |
| Income taxes | 67/77 | €4,515 | €5,645 | +€1,130 | +25.0% |
| Profit (loss) for the period | 9904 | €16,663 | €14,712 | -€1,951 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €16,663 | €14,712 | -€1,951 | -11.7% |
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 14 October 2026 via checked.be.