Installplus: 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.
Installplus
Largest movements
- Cash -€60,382
down €60,382 (-49.3%), from €122,522 to €62,140
mainly Stocks and contracts (-€26,781) and Debts after one year (-€23,945)
- Stocks and contracts +€26,781
up €26,781 (+828.3%), from €3,233 to €30,014
- Tangible fixed assets -€19,723
down €19,723 (-16.0%), from €123,223 to €103,500
of which Leasing and similar rights: -€13,087
- Receivables within one year +€16,865
up €16,865 (+48.8%), from €34,578 to €51,443
of which Other amounts receivable: +€13,864
- Intangible fixed assets +€2,925
up €2,925 (+70.8%), from €4,131 to €7,057
- Debts after one year -€23,945
down €23,945 (-23.9%), from €99,981 to €76,036
- Profit (loss) carried forward -€9,451
down €9,451 (-64.1%), from €14,735 to €5,285
- Trade debts +€9,202
up €9,202 (+115.9%), from €7,936 to €17,138
- Current portion of long-term debt -€9,108
down €9,108 (-39.9%), from €22,817 to €13,708
- Depreciation -€9,095
down €9,095 (-29.6%), from €30,695 to €21,599
- Staff costs -€3,795
down €3,795 (-29.8%), from €12,752 to €8,957
- Gross operating margin -€3,403
down €3,403 (-7.5%), from €45,201 to €41,798
- Taxes -€2,399
down €2,399 (-86.9%), from €2,759 to €360
- Financial charges +€2,113
up €2,113 (+79.6%), from €2,654 to €4,767
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
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 | €288,159 | €255,064 | -€33,095 | -11.5% |
| Fixed assets | 21/28 | €127,825 | €111,467 | -€16,358 | -12.8% |
| Intangible fixed assets | 21 | €4,131 | €7,057 | +€2,925 | +70.8% |
| Tangible fixed assets | 22/27 | €123,223 | €103,500 | -€19,723 | -16.0% |
| Land and buildings | 22 | €97,196 | €85,214 | -€11,981 | -12.3% |
| Plant, machinery and equipment | 23 | €3,137 | €9,648 | +€6,511 | +207.6% |
| Furniture and vehicles | 24 | €9,804 | €8,638 | -€1,166 | -11.9% |
| Leasing and similar rights | 25 | €13,087 | - | -€13,087 | |
| Financial fixed assets | 28 | €470 | €910 | +€440 | +93.6% |
| Current assets | 29/58 | €160,334 | €143,597 | -€16,737 | -10.4% |
| Stocks and contracts in progress | 3 | €3,233 | €30,014 | +€26,781 | +828.3% |
| Stocks | 30/36 | €3,233 | €30,014 | +€26,781 | +828.3% |
| Amounts receivable within one year | 40/41 | €34,578 | €51,443 | +€16,865 | +48.8% |
| Trade receivables | 40 | €6,148 | €9,148 | +€3,000 | +48.8% |
| Other amounts receivable | 41 | €28,431 | €42,295 | +€13,864 | +48.8% |
| Cash at bank and in hand | 54/58 | €122,522 | €62,140 | -€60,382 | -49.3% |
| Total equity and liabilities | 10/49 | €288,159 | €255,064 | -€33,095 | -11.5% |
| Equity | 10/15 | €156,160 | €146,710 | -€9,451 | -6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,825 | €122,825 | = | 0.0% |
| Distributable reserves | 133 | €122,825 | €122,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,735 | €5,285 | -€9,451 | -64.1% |
| Amounts payable | 17/49 | €131,999 | €108,354 | -€23,645 | -17.9% |
| Amounts payable after more than one year | 17 | €99,981 | €76,036 | -€23,945 | -23.9% |
| Financial debts | 170/4 | €99,981 | €76,036 | -€23,945 | -23.9% |
| Amounts payable within one year | 42/48 | €32,018 | €32,318 | +€300 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €22,817 | €13,708 | -€9,108 | -39.9% |
| Trade debts | 44 | €7,936 | €17,138 | +€9,202 | +115.9% |
| Suppliers | 440/4 | €7,936 | €17,138 | +€9,202 | +115.9% |
| Taxes, remuneration and social security | 45 | €1,265 | €1,472 | +€206 | +16.3% |
| Taxes | 450/3 | €601 | €756 | +€155 | +25.8% |
| Remuneration and social security | 454/9 | €664 | €715 | +€52 | +7.8% |
| Non-recurring operating income | 76A | - | €16,665 | +€16,665 | |
| Remuneration, social security and pensions | 62 | €12,752 | €8,957 | -€3,795 | -29.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,695 | €21,599 | -€9,095 | -29.6% |
| Other operating charges | 640/8 | €6,284 | €6,247 | -€38 | -0.6% |
| Non-recurring operating charges | 66A | - | €10,170 | +€10,170 | |
| Gross operating margin | 9900 | €45,201 | €41,798 | -€3,403 | -7.5% |
| Operating profit (loss) | 9901 | -€4,529 | -€5,175 | -€645 | -14.2% |
| Financial income | 75/76B | €406 | €851 | +€445 | +109.6% |
| Recurring financial income | 75 | €406 | €851 | +€445 | +109.6% |
| Financial charges | 65/66B | €2,654 | €4,767 | +€2,113 | +79.6% |
| Recurring financial charges | 65 | €2,654 | €4,767 | +€2,113 | +79.6% |
| Profit (loss) for the period before taxes | 9903 | -€6,778 | -€9,091 | -€2,313 | -34.1% |
| Income taxes | 67/77 | €2,759 | €360 | -€2,399 | -86.9% |
| Profit (loss) for the period | 9904 | -€9,537 | -€9,451 | +€86 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,537 | -€9,451 | +€86 | +0.9% |
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 29 September 2026 via checked.be.