INSTATH: 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.
INSTATH
Largest movements
- Cash +€16,905
up €16,905 (+19.7%), from €85,950 to €102,855
mainly Net result for the year (+€29,371) and Receivables within one year (+€14,460)
- Receivables within one year -€14,460
down €14,460 (-19.5%), from €74,065 to €59,605
- Tangible fixed assets -€7,886
down €7,886 (-3.4%), from €231,795 to €223,909
of which Land and buildings: -€6,345
- Reserves +€70,411
up €70,411 (+1130.6%), from €6,228 to €76,639
of which Distributable reserves: +€76,639
- Profit (loss) carried forward -€41,040
down €41,040 (-100.0%), from €41,040 to €0
- Trade debts -€21,788
down €21,788 (-69.5%), from €31,355 to €9,568
- Other debts -€12,327
down €12,327 (-5.0%), from €249,003 to €236,676
- Tax, wage and social debts +€9,338
up €9,338 (+153.4%), from €6,088 to €15,426
- Gross operating margin +€22,977
up €22,977 (+76.2%), from €30,170 to €53,146
- Taxes +€9,658
up €9,658 (+356.1%), from €2,712 to €12,370
- Depreciation -€6,191
down €6,191 (-44.0%), from €14,077 to €7,886
- Financial charges -€6,068
down €6,068 (-96.2%), from €6,310 to €242
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 | €395,616 | €388,309 | -€7,307 | -1.8% |
| Fixed assets | 21/28 | €231,795 | €223,909 | -€7,886 | -3.4% |
| Tangible fixed assets | 22/27 | €231,795 | €223,909 | -€7,886 | -3.4% |
| Land and buildings | 22 | €227,750 | €221,406 | -€6,345 | -2.8% |
| Plant, machinery and equipment | 23 | €4,044 | €2,503 | -€1,541 | -38.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €163,822 | €164,400 | +€578 | +0.4% |
| Amounts receivable within one year | 40/41 | €74,065 | €59,605 | -€14,460 | -19.5% |
| Trade receivables | 40 | €74,065 | €59,605 | -€14,460 | -19.5% |
| Cash at bank and in hand | 54/58 | €85,950 | €102,855 | +€16,905 | +19.7% |
| Deferred charges and accrued income | 490/1 | €3,807 | €1,940 | -€1,866 | -49.0% |
| Total equity and liabilities | 10/49 | €395,616 | €388,309 | -€7,307 | -1.8% |
| Equity | 10/15 | €97,268 | €126,639 | +€29,371 | +30.2% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €6,228 | €76,639 | +€70,411 | +1130.6% |
| Non-distributable reserves | 130/1 | €6,228 | €0 | -€6,228 | -100.0% |
| Reserves not available under the articles | 1311 | €6,228 | €0 | -€6,228 | -100.0% |
| Distributable reserves | 133 | - | €76,639 | +€76,639 | |
| Profit (loss) carried forward | 14 | €41,040 | €0 | -€41,040 | -100.0% |
| Amounts payable | 17/49 | €298,348 | €261,669 | -€36,679 | -12.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €292,147 | €261,669 | -€30,478 | -10.4% |
| Current portion of amounts payable after more than one year | 42 | €5,702 | €0 | -€5,702 | -100.0% |
| Trade debts | 44 | €31,355 | €9,568 | -€21,788 | -69.5% |
| Suppliers | 440/4 | €31,355 | €9,568 | -€21,788 | -69.5% |
| Taxes, remuneration and social security | 45 | €6,088 | €15,426 | +€9,338 | +153.4% |
| Taxes | 450/3 | €6,088 | €15,426 | +€9,338 | +153.4% |
| Other amounts payable | 47/48 | €249,003 | €236,676 | -€12,327 | -5.0% |
| Accrued charges and deferred income | 492/3 | €6,201 | €0 | -€6,201 | -100.0% |
| Non-recurring operating income | 76A | €0 | €16,750 | +€16,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,077 | €7,886 | -€6,191 | -44.0% |
| Other operating charges | 640/8 | €3,613 | €3,608 | -€5 | -0.1% |
| Gross operating margin | 9900 | €30,170 | €53,146 | +€22,977 | +76.2% |
| Operating profit (loss) | 9901 | €12,480 | €41,653 | +€29,173 | +233.8% |
| Financial income | 75/76B | €0 | €330 | +€329 | +164735.0% |
| Recurring financial income | 75 | €0 | €330 | +€329 | +164735.0% |
| Financial charges | 65/66B | €6,310 | €242 | -€6,068 | -96.2% |
| Recurring financial charges | 65 | €6,310 | €242 | -€6,068 | -96.2% |
| Profit (loss) for the period before taxes | 9903 | €6,170 | €41,741 | +€35,571 | +576.5% |
| Income taxes | 67/77 | €2,712 | €12,370 | +€9,658 | +356.1% |
| Profit (loss) for the period | 9904 | €3,458 | €29,371 | +€25,913 | +749.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,458 | €29,371 | +€25,913 | +749.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.