Instereo: 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.
Instereo
Largest movements
- Current investments -€99,317
down €99,317 (-98.8%), from €100,494 to €1,177
- Receivables within one year -€55,303
down €55,303 (-20.9%), from €265,118 to €209,815
of which Trade receivables: -€73,263
- Cash -€31,240
down €31,240 (-14.8%), from €210,456 to €179,216
mainly Contributions, distributions and other (-€230,000) and Trade debts (-€73,306)
- Tangible fixed assets -€16,417
down €16,417 (-1.9%), from €862,055 to €845,637
of which Land and buildings: -€43,773
- Reserves -€187,138
down €187,138 (-40.3%), from €464,010 to €276,872
of which Distributable reserves: -€187,138
- Other debts +€108,304
up €108,304 (+86.1%), from €125,720 to €234,025
- Trade debts -€73,306
down €73,306 (-58.5%), from €125,246 to €51,940
- Debts after one year -€40,947
down €40,947 (-5.5%), from €742,958 to €702,011
- Tax, wage and social debts -€21,999
down €21,999 (-36.1%), from €60,917 to €38,918
of which Taxes: -€25,898
- Gross operating margin -€98,957
down €98,957 (-30.7%), from €321,891 to €222,934
- Taxes -€30,197
down €30,197 (-71.0%), from €42,531 to €12,334
- Staff costs +€25,898
up €25,898 (+46.3%), from €55,926 to €81,824
- Depreciation +€8,772
up €8,772 (+14.9%), from €58,888 to €67,660
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 | €1,605,560 | €1,394,335 | -€211,225 | -13.2% |
| Fixed assets | 21/28 | €862,674 | €846,257 | -€16,417 | -1.9% |
| Tangible fixed assets | 22/27 | €862,055 | €845,637 | -€16,417 | -1.9% |
| Land and buildings | 22 | €787,370 | €743,597 | -€43,773 | -5.6% |
| Plant, machinery and equipment | 23 | €10,510 | €7,425 | -€3,085 | -29.4% |
| Furniture and vehicles | 24 | €62,520 | €92,961 | +€30,441 | +48.7% |
| Other tangible fixed assets | 26 | €1,655 | €1,655 | = | 0.0% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €742,886 | €548,078 | -€194,808 | -26.2% |
| Stocks and contracts in progress | 3 | €166,819 | €157,870 | -€8,949 | -5.4% |
| Stocks | 30/36 | €166,819 | €157,870 | -€8,949 | -5.4% |
| Amounts receivable within one year | 40/41 | €265,118 | €209,815 | -€55,303 | -20.9% |
| Trade receivables | 40 | €265,118 | €191,854 | -€73,263 | -27.6% |
| Other amounts receivable | 41 | €0 | €17,960 | +€17,960 | |
| Current investments | 50/53 | €100,494 | €1,177 | -€99,317 | -98.8% |
| Cash at bank and in hand | 54/58 | €210,456 | €179,216 | -€31,240 | -14.8% |
| Total equity and liabilities | 10/49 | €1,605,560 | €1,394,335 | -€211,225 | -13.2% |
| Equity | 10/15 | €482,610 | €295,472 | -€187,138 | -38.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €464,010 | €276,872 | -€187,138 | -40.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €462,150 | €275,012 | -€187,138 | -40.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,122,950 | €1,098,863 | -€24,087 | -2.1% |
| Amounts payable after more than one year | 17 | €742,958 | €702,011 | -€40,947 | -5.5% |
| Financial debts | 170/4 | €742,958 | €702,011 | -€40,947 | -5.5% |
| Amounts payable within one year | 42/48 | €379,992 | €396,852 | +€16,860 | +4.4% |
| Current portion of amounts payable after more than one year | 42 | €65,577 | €69,419 | +€3,842 | +5.9% |
| Financial debts | 43 | €2,532 | €2,550 | +€19 | +0.7% |
| Credit institutions | 430/8 | €2,532 | €2,550 | +€19 | +0.7% |
| Trade debts | 44 | €125,246 | €51,940 | -€73,306 | -58.5% |
| Suppliers | 440/4 | €125,246 | €51,940 | -€73,306 | -58.5% |
| Taxes, remuneration and social security | 45 | €60,917 | €38,918 | -€21,999 | -36.1% |
| Taxes | 450/3 | €54,579 | €28,681 | -€25,898 | -47.5% |
| Remuneration and social security | 454/9 | €6,338 | €10,237 | +€3,899 | +61.5% |
| Other amounts payable | 47/48 | €125,720 | €234,025 | +€108,304 | +86.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €55,926 | €81,824 | +€25,898 | +46.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,888 | €67,660 | +€8,772 | +14.9% |
| Other operating charges | 640/8 | €4,277 | €6,083 | +€1,806 | +42.2% |
| Gross operating margin | 9900 | €321,891 | €222,934 | -€98,957 | -30.7% |
| Operating profit (loss) | 9901 | €202,801 | €67,368 | -€135,433 | -66.8% |
| Financial income | 75/76B | €4,766 | €4,015 | -€750 | -15.7% |
| Recurring financial income | 75 | €4,766 | €4,015 | -€750 | -15.7% |
| Financial charges | 65/66B | €17,027 | €16,188 | -€839 | -4.9% |
| Recurring financial charges | 65 | €17,027 | €16,188 | -€839 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €190,539 | €55,195 | -€135,344 | -71.0% |
| Income taxes | 67/77 | €42,531 | €12,334 | -€30,197 | -71.0% |
| Profit (loss) for the period | 9904 | €148,009 | €42,862 | -€105,147 | -71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €148,009 | €42,862 | -€105,147 | -71.0% |
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 4 October 2026 via checked.be.