INSTEL TECH: 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.
INSTEL TECH
Largest movements
- Cash -€13,294
no longer reported in 2025 (was €13,294)
mainly Advances received (-€49,409) and Tax, wage and social debts (-€12,086)
- Tangible fixed assets -€6,089
down €6,089 (-27.7%), from €22,003 to €15,915
of which Leasing and similar rights: -€5,731
- Advances received -€49,409
no longer reported in 2025 (was €49,409)
- Trade debts +€33,430
up €33,430 (+136%), from €24,599 to €58,029
- Tax, wage and social debts -€12,086
down €12,086 (-64.9%), from €18,615 to €6,529
of which Taxes: -€6,816
- Current portion of long-term debt +€6,187
up €6,187 (+146%), from €4,236 to €10,423
- Debts after one year -€4,589
down €4,589 (-26.5%), from €17,322 to €12,733
- Gross operating margin -€41,074
down €41,074 (-72.8%), from €56,449 to €15,376
- Taxes -€24,833
down €24,833 (-96.3%), from €25,777 to €945
- Financial charges +€3,346
up €3,346 (+209%), from €1,604 to €4,950
of which Financial charges: +€1,946
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 | €227,581 | €207,146 | -€20,435 | -9.0% |
| Fixed assets | 21/28 | €22,101 | €16,013 | -€6,089 | -27.5% |
| Tangible fixed assets | 22/27 | €22,003 | €15,915 | -€6,089 | -27.7% |
| Furniture and vehicles | 24 | €525 | €167 | -€358 | -68.2% |
| Leasing and similar rights | 25 | €21,478 | €15,748 | -€5,731 | -26.7% |
| Financial fixed assets | 28 | €98 | €98 | = | 0.0% |
| Current assets | 29/58 | €205,480 | €191,133 | -€14,347 | -7.0% |
| Amounts receivable within one year | 40/41 | €192,186 | €191,133 | -€1,053 | -0.5% |
| Trade receivables | 40 | €7,599 | €21,403 | +€13,803 | +182% |
| Other amounts receivable | 41 | €184,587 | €169,730 | -€14,856 | -8.0% |
| Cash at bank and in hand | 54/58 | €13,294 | - | -€13,294 | |
| Total equity and liabilities | 10/49 | €227,581 | €207,146 | -€20,435 | -9.0% |
| Equity | 10/15 | €88,400 | €91,545 | +€3,145 | +3.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,400 | €90,545 | +€3,145 | +3.6% |
| Amounts payable | 17/49 | €139,181 | €115,601 | -€23,580 | -16.9% |
| Amounts payable after more than one year | 17 | €17,322 | €12,733 | -€4,589 | -26.5% |
| Financial debts | 170/4 | €17,322 | €12,733 | -€4,589 | -26.5% |
| Amounts payable within one year | 42/48 | €121,859 | €102,867 | -€18,991 | -15.6% |
| Current portion of amounts payable after more than one year | 42 | €4,236 | €10,423 | +€6,187 | +146% |
| Financial debts | 43 | - | €2,886 | +€2,886 | |
| Credit institutions | 430/8 | - | €2,886 | +€2,886 | |
| Trade debts | 44 | €24,599 | €58,029 | +€33,430 | +136% |
| Suppliers | 440/4 | €24,599 | €58,029 | +€33,430 | +136% |
| Advances received on contracts in progress | 46 | €49,409 | - | -€49,409 | |
| Taxes, remuneration and social security | 45 | €18,615 | €6,529 | -€12,086 | -64.9% |
| Taxes | 450/3 | €13,345 | €6,529 | -€6,816 | -51.1% |
| Remuneration and social security | 454/9 | €5,270 | - | -€5,270 | |
| Other amounts payable | 47/48 | €25,000 | €25,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,089 | €6,089 | +€0 | 0.0% |
| Other operating charges | 640/8 | €132 | €248 | +€116 | +87.6% |
| Gross operating margin | 9900 | €56,449 | €15,376 | -€41,074 | -72.8% |
| Operating profit (loss) | 9901 | €50,229 | €9,039 | -€41,189 | -82.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,604 | €4,950 | +€3,346 | +209% |
| Recurring financial charges | 65 | €1,604 | €3,550 | +€1,946 | +121% |
| Non-recurring financial charges | 66B | - | €1,400 | +€1,400 | |
| Profit (loss) for the period before taxes | 9903 | €48,626 | €4,089 | -€44,536 | -91.6% |
| Income taxes | 67/77 | €25,777 | €945 | -€24,833 | -96.3% |
| Profit (loss) for the period | 9904 | €22,848 | €3,145 | -€19,703 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,848 | €3,145 | -€19,703 | -86.2% |
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 16 October 2026 via checked.be.