INSTAWOOD: 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.
INSTAWOOD
Largest movements
- Stocks and contracts +€24,075
up €24,075 (+90.7%), from €26,535 to €50,610
- Financial fixed assets +€24,000
up €24,000 (+470%), from €5,104 to €29,104
- Tangible fixed assets -€18,286
down €18,286 (-20.3%), from €89,930 to €71,644
of which Leasing and similar rights: -€21,004
- Receivables within one year +€8,974
up €8,974 (+40.1%), from €22,363 to €31,338
of which Trade receivables: +€7,969
- Cash +€7,477
up €7,477 (+30.7%), from €24,385 to €31,862
mainly Tax, wage and social debts (+€30,003) and Depreciation (+€25,653)
- Debts after one year -€32,249
down €32,249 (-42.9%), from €75,250 to €43,001
- Tax, wage and social debts +€30,003
up €30,003 (+349%), from €8,602 to €38,605
of which Taxes: +€19,610
- Other debts +€24,800
up €24,800 (+59.9%), from €41,403 to €66,203
- Trade debts +€7,899
up €7,899 (+62.7%), from €12,596 to €20,495
- Current portion of long-term debt +€5,943
up €5,943 (+33.7%), from €17,638 to €23,581
- Gross operating margin +€22,114
up €22,114 (+54.7%), from €40,445 to €62,559
- Staff costs +€13,533
new in 2024: €13,533
- Financial charges +€4,617
up €4,617 (+81.5%), from €5,666 to €10,283
- Depreciation -€3,046
down €3,046 (-10.6%), from €28,700 to €25,653
- Write-downs +€1,580
up €1,580 (+34.8%), from €4,538 to €6,118
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,368 | €214,558 | +€41,191 | +23.8% |
| Fixed assets | 21/28 | €95,035 | €100,749 | +€5,714 | +6.0% |
| Tangible fixed assets | 22/27 | €89,930 | €71,644 | -€18,286 | -20.3% |
| Plant, machinery and equipment | 23 | €7,065 | €9,783 | +€2,718 | +38.5% |
| Leasing and similar rights | 25 | €82,865 | €61,861 | -€21,004 | -25.3% |
| Financial fixed assets | 28 | €5,104 | €29,104 | +€24,000 | +470% |
| Current assets | 29/58 | €78,333 | €113,810 | +€35,477 | +45.3% |
| Stocks and contracts in progress | 3 | €26,535 | €50,610 | +€24,075 | +90.7% |
| Stocks | 30/36 | €26,535 | €50,610 | +€24,075 | +90.7% |
| Amounts receivable within one year | 40/41 | €22,363 | €31,338 | +€8,974 | +40.1% |
| Trade receivables | 40 | €20,603 | €28,572 | +€7,969 | +38.7% |
| Other amounts receivable | 41 | €1,760 | €2,766 | +€1,006 | +57.2% |
| Cash at bank and in hand | 54/58 | €24,385 | €31,862 | +€7,477 | +30.7% |
| Deferred charges and accrued income | 490/1 | €5,050 | - | -€5,050 | |
| Total equity and liabilities | 10/49 | €173,368 | €214,558 | +€41,191 | +23.8% |
| Equity | 10/15 | €17,878 | €22,673 | +€4,795 | +26.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,678 | €16,473 | +€4,795 | +41.1% |
| Amounts payable | 17/49 | €155,490 | €191,885 | +€36,396 | +23.4% |
| Amounts payable after more than one year | 17 | €75,250 | €43,001 | -€32,249 | -42.9% |
| Financial debts | 170/4 | €75,250 | €43,001 | -€32,249 | -42.9% |
| Amounts payable within one year | 42/48 | €80,240 | €148,884 | +€68,645 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €17,638 | €23,581 | +€5,943 | +33.7% |
| Trade debts | 44 | €12,596 | €20,495 | +€7,899 | +62.7% |
| Suppliers | 440/4 | €12,596 | €20,495 | +€7,899 | +62.7% |
| Taxes, remuneration and social security | 45 | €8,602 | €38,605 | +€30,003 | +349% |
| Taxes | 450/3 | €6,655 | €26,265 | +€19,610 | +295% |
| Remuneration and social security | 454/9 | €1,947 | €12,340 | +€10,393 | +534% |
| Other amounts payable | 47/48 | €41,403 | €66,203 | +€24,800 | +59.9% |
| Remuneration, social security and pensions | 62 | - | €13,533 | +€13,533 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,700 | €25,653 | -€3,046 | -10.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,538 | €6,118 | +€1,580 | +34.8% |
| Other operating charges | 640/8 | €1,390 | €823 | -€568 | -40.8% |
| Non-recurring operating charges | 66A | €606 | €1,354 | +€747 | +123% |
| Gross operating margin | 9900 | €40,445 | €62,559 | +€22,114 | +54.7% |
| Operating profit (loss) | 9901 | €5,210 | €15,078 | +€9,868 | +189% |
| Financial charges | 65/66B | €5,666 | €10,283 | +€4,617 | +81.5% |
| Recurring financial charges | 65 | €5,666 | €10,283 | +€4,617 | +81.5% |
| Profit (loss) for the period before taxes | 9903 | -€456 | €4,795 | +€5,251 | |
| Income taxes | 67/77 | -€828 | - | +€828 | |
| Profit (loss) for the period | 9904 | €372 | €4,795 | +€4,423 | +1,189% |
| Profit (loss) for the period to be appropriated | 9905 | €372 | €4,795 | +€4,423 | +1,189% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.