INSTAON: 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.
INSTAON
Largest movements
- Cash -€283,666
down €283,666 (-45.8%), from €618,817 to €335,151
mainly Contributions, distributions and other (-€352,941) and Net result for the year (-€140,620)
- Receivables within one year -€71,640
down €71,640 (-42.6%), from €168,183 to €96,543
of which Trade receivables: -€61,409
- Reserves -€426,069
no longer reported in 2025 (was €426,069)
- Other debts +€240,208
up €240,208 (+379.8%), from €63,241 to €303,449
- Trade debts -€104,405
down €104,405 (-44.1%), from €236,832 to €132,428
- Profit (loss) carried forward -€67,492
new in 2025: -€67,492
- Gross operating margin -€609,670
down €609,670, from €566,273 to -€43,397
- Financial charges -€186,948
down €186,948 (-57.7%), from €324,180 to €137,232
- Other operating charges -€52,666
down €52,666 (-99.0%), from €53,212 to €545
- Financial income -€52,534
down €52,534 (-55.8%), from €94,215 to €41,681
- Taxes -€46,013
down €46,013 (-99.6%), from €46,184 to €171
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 | €789,532 | €431,928 | -€357,605 | -45.3% |
| Fixed assets | 21/28 | €956 | - | -€956 | |
| Intangible fixed assets | 21 | €752 | - | -€752 | |
| Tangible fixed assets | 22/27 | €204 | - | -€204 | |
| Furniture and vehicles | 24 | €204 | - | -€204 | |
| Current assets | 29/58 | €788,577 | €431,928 | -€356,649 | -45.2% |
| Amounts receivable within one year | 40/41 | €168,183 | €96,543 | -€71,640 | -42.6% |
| Trade receivables | 40 | €152,161 | €90,752 | -€61,409 | -40.4% |
| Other amounts receivable | 41 | €16,022 | €5,791 | -€10,231 | -63.9% |
| Cash at bank and in hand | 54/58 | €618,817 | €335,151 | -€283,666 | -45.8% |
| Deferred charges and accrued income | 490/1 | €1,577 | €234 | -€1,343 | -85.2% |
| Total equity and liabilities | 10/49 | €789,532 | €431,928 | -€357,605 | -45.3% |
| Equity | 10/15 | €437,967 | -€55,593 | -€493,561 | |
| Contributions | 10/11 | €11,899 | €11,899 | = | 0.0% |
| Outside capital | 11 | €11,899 | €11,899 | = | 0.0% |
| Share premium | 1100/10 | €11,899 | €11,899 | = | 0.0% |
| Reserves | 13 | €426,069 | - | -€426,069 | |
| Distributable reserves | 133 | €426,069 | - | -€426,069 | |
| Profit (loss) carried forward | 14 | - | -€67,492 | -€67,492 | |
| Amounts payable | 17/49 | €351,565 | €487,521 | +€135,956 | +38.7% |
| Amounts payable within one year | 42/48 | €351,565 | €487,521 | +€135,956 | +38.7% |
| Trade debts | 44 | €236,832 | €132,428 | -€104,405 | -44.1% |
| Suppliers | 440/4 | €236,832 | €132,428 | -€104,405 | -44.1% |
| Taxes, remuneration and social security | 45 | €51,492 | €51,644 | +€153 | +0.3% |
| Taxes | 450/3 | €51,492 | €51,644 | +€153 | +0.3% |
| Other amounts payable | 47/48 | €63,241 | €303,449 | +€240,208 | +379.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,488 | €956 | -€2,532 | -72.6% |
| Other operating charges | 640/8 | €53,212 | €545 | -€52,666 | -99.0% |
| Gross operating margin | 9900 | €566,273 | -€43,397 | -€609,670 | |
| Operating profit (loss) | 9901 | €509,574 | -€44,898 | -€554,472 | |
| Financial income | 75/76B | €94,215 | €41,681 | -€52,534 | -55.8% |
| Recurring financial income | 75 | €94,215 | €41,681 | -€52,534 | -55.8% |
| Financial charges | 65/66B | €324,180 | €137,232 | -€186,948 | -57.7% |
| Recurring financial charges | 65 | €324,180 | €137,232 | -€186,948 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €279,609 | -€140,448 | -€420,057 | |
| Income taxes | 67/77 | €46,184 | €171 | -€46,013 | -99.6% |
| Profit (loss) for the period | 9904 | €233,425 | -€140,620 | -€374,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €233,425 | -€140,620 | -€374,044 |
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 8 October 2026 via checked.be.