INSTALDECO: 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.
INSTALDECO
Largest movements
- Tangible fixed assets +€192,574
up €192,574 (+64.2%), from €299,875 to €492,449
of which Land and buildings: +€197,257
- Receivables within one year +€40,967
up €40,967 (+22.0%), from €186,052 to €227,019
of which Trade receivables: +€43,035
- Cash -€25,031
down €25,031 (-88.3%), from €28,346 to €3,315
mainly Investment in fixed assets (net) (-€208,381) and Receivables within one year (-€40,967)
- Reserves +€95,745
up €95,745 (+260.4%), from €36,770 to €132,515
- Profit (loss) carried forward +€77,152
no longer reported in 2026 (was -€77,152)
- Tax, wage and social debts +€42,706
new in 2026: €42,706
- Other debts -€29,122
no longer reported in 2026 (was €29,122)
- Trade debts +€27,433
up €27,433 (+69.3%), from €39,567 to €67,000
- Gross operating margin +€292,837
up €292,837, from -€66,740 to €226,097
- Taxes +€34,432
up €34,432 (+1039.3%), from €3,313 to €37,745
- Depreciation +€8,664
up €8,664 (+121.3%), from €7,143 to €15,807
From the 2025 result to the 2026 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
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,657 | €730,571 | +€213,914 | +41.4% |
| Fixed assets | 21/28 | €299,875 | €492,449 | +€192,574 | +64.2% |
| Tangible fixed assets | 22/27 | €299,875 | €492,449 | +€192,574 | +64.2% |
| Land and buildings | 22 | €283,306 | €480,563 | +€197,257 | +69.6% |
| Plant, machinery and equipment | 23 | €694 | €11 | -€683 | -98.4% |
| Furniture and vehicles | 24 | €15,875 | €11,875 | -€4,000 | -25.2% |
| Current assets | 29/58 | €216,782 | €238,122 | +€21,340 | +9.8% |
| Amounts receivable within one year | 40/41 | €186,052 | €227,019 | +€40,967 | +22.0% |
| Trade receivables | 40 | €89,189 | €132,224 | +€43,035 | +48.3% |
| Other amounts receivable | 41 | €96,863 | €94,795 | -€2,068 | -2.1% |
| Cash at bank and in hand | 54/58 | €28,346 | €3,315 | -€25,031 | -88.3% |
| Deferred charges and accrued income | 490/1 | €2,384 | €7,788 | +€5,404 | +226.7% |
| Total equity and liabilities | 10/49 | €516,657 | €730,571 | +€213,914 | +41.4% |
| Equity | 10/15 | €447,968 | €620,865 | +€172,897 | +38.6% |
| Contributions | 10/11 | €488,350 | €488,350 | = | 0.0% |
| Contributions outside capital | 11 | - | €488,350 | +€488,350 | |
| Share premium | 1100/10 | - | €488,350 | +€488,350 | |
| Reserves | 13 | €36,770 | €132,515 | +€95,745 | +260.4% |
| Distributable reserves | 133 | €36,770 | €132,515 | +€95,745 | +260.4% |
| Profit (loss) carried forward | 14 | -€77,152 | - | +€77,152 | |
| Amounts payable | 17/49 | €68,689 | €109,706 | +€41,017 | +59.7% |
| Amounts payable within one year | 42/48 | €68,689 | €109,706 | +€41,017 | +59.7% |
| Trade debts | 44 | €39,567 | €67,000 | +€27,433 | +69.3% |
| Suppliers | 440/4 | €39,567 | €67,000 | +€27,433 | +69.3% |
| Taxes, remuneration and social security | 45 | - | €42,706 | +€42,706 | |
| Taxes | 450/3 | - | €42,706 | +€42,706 | |
| Other amounts payable | 47/48 | €29,122 | - | -€29,122 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,143 | €15,807 | +€8,664 | +121.3% |
| Gross operating margin | 9900 | -€66,740 | €226,097 | +€292,837 | |
| Operating profit (loss) | 9901 | -€73,883 | €210,290 | +€284,173 | |
| Financial income | 75/76B | €422 | €495 | +€73 | +17.3% |
| Recurring financial income | 75 | €422 | €495 | +€73 | +17.3% |
| Financial charges | 65/66B | €378 | €143 | -€235 | -62.2% |
| Recurring financial charges | 65 | €378 | €143 | -€235 | -62.2% |
| Profit (loss) for the period before taxes | 9903 | -€73,839 | €210,642 | +€284,481 | |
| Income taxes | 67/77 | €3,313 | €37,745 | +€34,432 | +1039.3% |
| Profit (loss) for the period | 9904 | -€77,152 | €172,897 | +€250,049 | |
| Profit (loss) for the period to be appropriated | 9905 | -€77,152 | €172,897 | +€250,049 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.