INSTICOM: 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.
INSTICOM
Largest movements
- Receivables within one year -€8,813
down €8,813 (-14.2%), from €62,077 to €53,264
of which Trade receivables: -€16,019
- Financial fixed assets -€2,895
down €2,895 (-87.7%), from €3,300 to €405
- Cash +€1,263
up €1,263 (+59.7%), from €2,115 to €3,378
mainly Tax, wage and social debts (+€8,968) and Receivables within one year (+€8,813)
- Deferred charges and accrued income +€992
new in 2025: €992
- Current portion of long-term debt -€19,464
down €19,464 (-100.0%), from €19,464 to €0
- Trade debts -€12,534
down €12,534 (-24.7%), from €50,831 to €38,298
- Tax, wage and social debts +€8,968
up €8,968 (+225.2%), from €3,982 to €12,950
of which Remuneration and social security: +€7,914
- Profit (loss) carried forward +€6,879
up €6,879 (+13.9%), from -€49,665 to -€42,786
- Short-term financial debts +€5,350
new in 2025: €5,350
- Staff costs -€56,349
down €56,349 (-62.4%), from €90,275 to €33,926
- Gross operating margin -€23,436
down €23,436 (-34.7%), from €67,513 to €44,077
- Financial charges -€5,948
down €5,948 (-40.0%), from €14,884 to €8,936
of which Non-recurring financial charges: -€12,792
- Financial income +€5,825
up €5,825 (+1359.0%), from €429 to €6,253
of which Financial income: +€6,230
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 | €67,502 | €58,039 | -€9,463 | -14.0% |
| Fixed assets | 21/28 | €3,310 | €405 | -€2,905 | -87.8% |
| Tangible fixed assets | 22/27 | €10 | €0 | -€10 | -100.0% |
| Plant, machinery and equipment | 23 | €10 | €0 | -€10 | -100.0% |
| Financial fixed assets | 28 | €3,300 | €405 | -€2,895 | -87.7% |
| Current assets | 29/58 | €64,192 | €57,634 | -€6,558 | -10.2% |
| Amounts receivable within one year | 40/41 | €62,077 | €53,264 | -€8,813 | -14.2% |
| Trade receivables | 40 | €24,345 | €8,326 | -€16,019 | -65.8% |
| Other amounts receivable | 41 | €37,732 | €44,937 | +€7,206 | +19.1% |
| Cash at bank and in hand | 54/58 | €2,115 | €3,378 | +€1,263 | +59.7% |
| Deferred charges and accrued income | 490/1 | - | €992 | +€992 | |
| Total equity and liabilities | 10/49 | €67,502 | €58,039 | -€9,463 | -14.0% |
| Equity | 10/15 | -€6,775 | €104 | +€6,879 | |
| Contributions | 10/11 | €40,150 | €40,150 | = | 0.0% |
| Contributions outside capital | 11 | €40,150 | - | -€40,150 | |
| Other | 1109/19 | €40,150 | - | -€40,150 | |
| Reserves | 13 | €2,740 | €2,740 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,740 | €2,740 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,740 | €2,740 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,665 | -€42,786 | +€6,879 | +13.9% |
| Amounts payable | 17/49 | €74,277 | €57,935 | -€16,342 | -22.0% |
| Amounts payable within one year | 42/48 | €74,277 | €56,597 | -€17,680 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €19,464 | €0 | -€19,464 | -100.0% |
| Financial debts | 43 | - | €5,350 | +€5,350 | |
| Credit institutions | 430/8 | - | €5,350 | +€5,350 | |
| Trade debts | 44 | €50,831 | €38,298 | -€12,534 | -24.7% |
| Suppliers | 440/4 | €50,831 | €38,298 | -€12,534 | -24.7% |
| Taxes, remuneration and social security | 45 | €3,982 | €12,950 | +€8,968 | +225.2% |
| Taxes | 450/3 | - | €1,053 | +€1,053 | |
| Remuneration and social security | 454/9 | €3,982 | €11,897 | +€7,914 | +198.7% |
| Accrued charges and deferred income | 492/3 | - | €1,338 | +€1,338 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €90,275 | €33,926 | -€56,349 | -62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €517 | €10 | -€507 | -98.1% |
| Other operating charges | 640/8 | €629 | €400 | -€230 | -36.5% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €67,513 | €44,077 | -€23,436 | -34.7% |
| Operating profit (loss) | 9901 | -€23,909 | €9,741 | +€33,650 | |
| Financial income | 75/76B | €429 | €6,253 | +€5,825 | +1359.0% |
| Recurring financial income | 75 | €23 | €6,253 | +€6,230 | +26612.2% |
| Non-recurring financial income | 76B | €405 | - | -€405 | |
| Financial charges | 65/66B | €14,884 | €8,936 | -€5,948 | -40.0% |
| Recurring financial charges | 65 | €2,092 | €8,936 | +€6,844 | +327.1% |
| Non-recurring financial charges | 66B | €12,792 | - | -€12,792 | |
| Profit (loss) for the period before taxes | 9903 | -€38,364 | €7,059 | +€45,423 | |
| Income taxes | 67/77 | - | €180 | +€180 | |
| Profit (loss) for the period | 9904 | -€38,364 | €6,879 | +€45,243 | |
| Profit (loss) for the period to be appropriated | 9905 | -€38,364 | €6,879 | +€45,243 |
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 11 October 2026 via checked.be.