INSTITUT PERFORMANCES: 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.
INSTITUT PERFORMANCES
Largest movements
- Cash -€20,361
down €20,361 (-79.0%), from €25,761 to €5,400
mainly Other debts (-€22,000) and Tax, wage and social debts (-€8,678)
- Tangible fixed assets -€9,976
down €9,976 (-24.6%), from €40,510 to €30,534
of which Plant, machinery and equipment: -€6,026
- Other debts -€22,000
no longer reported in 2025 (was €22,000)
- Tax, wage and social debts -€8,678
down €8,678 (-61.5%), from €14,107 to €5,429
- Reserves -€1,071
down €1,071 (-4.7%), from €22,662 to €21,591
of which Distributable reserves: -€1,071
- Gross operating margin -€13,121
down €13,121 (-56.1%), from €23,377 to €10,256
- Taxes -€3,945
down €3,945 (-99.5%), from €3,965 to €20
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 | €78,263 | €47,262 | -€31,001 | -39.6% |
| Fixed assets | 21/28 | €40,563 | €30,587 | -€9,976 | -24.6% |
| Tangible fixed assets | 22/27 | €40,510 | €30,534 | -€9,976 | -24.6% |
| Plant, machinery and equipment | 23 | €26,375 | €20,349 | -€6,026 | -22.8% |
| Furniture and vehicles | 24 | €14,135 | €10,185 | -€3,950 | -27.9% |
| Financial fixed assets | 28 | €53 | €53 | = | 0.0% |
| Current assets | 29/58 | €37,700 | €16,675 | -€21,025 | -55.8% |
| Stocks and contracts in progress | 3 | €6,144 | €5,727 | -€417 | -6.8% |
| Stocks | 30/36 | €6,144 | €5,727 | -€417 | -6.8% |
| Amounts receivable within one year | 40/41 | €5,795 | €5,548 | -€247 | -4.3% |
| Other amounts receivable | 41 | €5,795 | €5,548 | -€247 | -4.3% |
| Cash at bank and in hand | 54/58 | €25,761 | €5,400 | -€20,361 | -79.0% |
| Total equity and liabilities | 10/49 | €78,263 | €47,262 | -€31,001 | -39.6% |
| Equity | 10/15 | €41,262 | €40,191 | -€1,071 | -2.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €22,662 | €21,591 | -€1,071 | -4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €20,802 | €19,731 | -€1,071 | -5.1% |
| Amounts payable | 17/49 | €37,001 | €7,071 | -€29,930 | -80.9% |
| Amounts payable within one year | 42/48 | €37,001 | €7,071 | -€29,930 | -80.9% |
| Trade debts | 44 | €894 | €1,642 | +€748 | +83.7% |
| Suppliers | 440/4 | €894 | €1,642 | +€748 | +83.7% |
| Taxes, remuneration and social security | 45 | €14,107 | €5,429 | -€8,678 | -61.5% |
| Taxes | 450/3 | €14,107 | €5,429 | -€8,678 | -61.5% |
| Other amounts payable | 47/48 | €22,000 | - | -€22,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,879 | €9,975 | +€96 | +1.0% |
| Other operating charges | 640/8 | €1,074 | €1,104 | +€30 | +2.8% |
| Gross operating margin | 9900 | €23,377 | €10,256 | -€13,121 | -56.1% |
| Operating profit (loss) | 9901 | €12,424 | -€823 | -€13,247 | |
| Financial income | 75/76B | €350 | €342 | -€8 | -2.3% |
| Recurring financial income | 75 | €350 | €342 | -€8 | -2.3% |
| Financial charges | 65/66B | €550 | €570 | +€20 | +3.6% |
| Recurring financial charges | 65 | €550 | €570 | +€20 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €12,224 | -€1,051 | -€13,275 | |
| Income taxes | 67/77 | €3,965 | €20 | -€3,945 | -99.5% |
| Profit (loss) for the period | 9904 | €8,259 | -€1,071 | -€9,330 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,259 | -€1,071 | -€9,330 |
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 13 October 2026 via checked.be.