INSTATECH-PJ: 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.
INSTATECH-PJ
Largest movements
- Receivables within one year -€23,436
down €23,436 (-23.2%), from €101,133 to €77,697
of which Trade receivables: -€43,326
- Tangible fixed assets +€18,779
up €18,779 (+103%), from €18,258 to €37,037
of which Furniture and vehicles: +€15,700
- Cash -€4,473
down €4,473 (-40.6%), from €11,026 to €6,553
mainly Contributions, distributions and other (-€74,200) and Trade debts (-€30,693)
- Stocks and contracts +€2,000
up €2,000 (+16.7%), from €12,000 to €14,000
- Intangible fixed assets -€1,500
down €1,500 (-50.0%), from €3,000 to €1,500
- Other debts +€66,249
new in 2025: €66,249
- Reserves -€37,403
down €37,403 (-56.0%), from €66,800 to €29,397
- Trade debts -€30,693
down €30,693 (-84.5%), from €36,339 to €5,646
- Profit (loss) carried forward -€23,703
no longer reported in 2025 (was €23,703)
- Debts after one year +€12,282
up €12,282 (+131%), from €9,375 to €21,658
- Gross operating margin -€11,586
down €11,586 (-33.5%), from €34,620 to €23,034
- Taxes -€2,517
down €2,517 (-44.0%), from €5,717 to €3,200
- Depreciation +€1,866
up €1,866 (+29.8%), from €6,270 to €8,136
- Financial income +€492
up €492 (+22.6%), from €2,177 to €2,669
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 | €146,047 | €139,171 | -€6,875 | -4.7% |
| Fixed assets | 21/28 | €21,258 | €39,177 | +€17,919 | +84.3% |
| Intangible fixed assets | 21 | €3,000 | €1,500 | -€1,500 | -50.0% |
| Tangible fixed assets | 22/27 | €18,258 | €37,037 | +€18,779 | +103% |
| Land and buildings | 22 | €14,576 | €17,655 | +€3,079 | +21.1% |
| Furniture and vehicles | 24 | €3,681 | €19,381 | +€15,700 | +426% |
| Financial fixed assets | 28 | - | €640 | +€640 | |
| Current assets | 29/58 | €124,789 | €99,994 | -€24,794 | -19.9% |
| Stocks and contracts in progress | 3 | €12,000 | €14,000 | +€2,000 | +16.7% |
| Stocks | 30/36 | €12,000 | €14,000 | +€2,000 | +16.7% |
| Amounts receivable within one year | 40/41 | €101,133 | €77,697 | -€23,436 | -23.2% |
| Trade receivables | 40 | €55,784 | €12,458 | -€43,326 | -77.7% |
| Other amounts receivable | 41 | €45,350 | €65,239 | +€19,890 | +43.9% |
| Cash at bank and in hand | 54/58 | €11,026 | €6,553 | -€4,473 | -40.6% |
| Deferred charges and accrued income | 490/1 | €630 | €1,744 | +€1,114 | +177% |
| Total equity and liabilities | 10/49 | €146,047 | €139,171 | -€6,875 | -4.7% |
| Equity | 10/15 | €90,604 | €29,497 | -€61,106 | -67.4% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €66,800 | €29,397 | -€37,403 | -56.0% |
| Distributable reserves | 133 | €66,800 | €29,397 | -€37,403 | -56.0% |
| Profit (loss) carried forward | 14 | €23,703 | - | -€23,703 | |
| Amounts payable | 17/49 | €55,443 | €109,674 | +€54,231 | +97.8% |
| Amounts payable after more than one year | 17 | €9,375 | €21,658 | +€12,282 | +131% |
| Financial debts | 170/4 | €9,375 | €21,658 | +€12,282 | +131% |
| Amounts payable within one year | 42/48 | €46,068 | €88,016 | +€41,949 | +91.1% |
| Current portion of amounts payable after more than one year | 42 | €8,978 | €7,420 | -€1,558 | -17.4% |
| Trade debts | 44 | €36,339 | €5,646 | -€30,693 | -84.5% |
| Suppliers | 440/4 | €36,339 | €5,646 | -€30,693 | -84.5% |
| Taxes, remuneration and social security | 45 | €750 | €8,701 | +€7,951 | +1,060% |
| Taxes | 450/3 | €750 | €8,701 | +€7,951 | +1,060% |
| Other amounts payable | 47/48 | - | €66,249 | +€66,249 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,270 | €8,136 | +€1,866 | +29.8% |
| Other operating charges | 640/8 | €244 | €346 | +€102 | +42.0% |
| Gross operating margin | 9900 | €34,620 | €23,034 | -€11,586 | -33.5% |
| Operating profit (loss) | 9901 | €28,106 | €14,552 | -€13,554 | -48.2% |
| Financial income | 75/76B | €2,177 | €2,669 | +€492 | +22.6% |
| Recurring financial income | 75 | €2,177 | €2,669 | +€492 | +22.6% |
| Financial charges | 65/66B | €862 | €927 | +€65 | +7.5% |
| Recurring financial charges | 65 | €862 | €927 | +€65 | +7.5% |
| Profit (loss) for the period before taxes | 9903 | €29,421 | €16,294 | -€13,127 | -44.6% |
| Income taxes | 67/77 | €5,717 | €3,200 | -€2,517 | -44.0% |
| Profit (loss) for the period | 9904 | €23,703 | €13,094 | -€10,610 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,703 | €13,094 | -€10,610 | -44.8% |
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 22 October 2026 via checked.be.