INSTRUMENTATION DIFRA: 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.
INSTRUMENTATION DIFRA
Largest movements
- Receivables within one year -€191,156
down €191,156 (-39.7%), from €481,723 to €290,566
of which Other amounts receivable: -€192,687
- Cash -€155,788
down €155,788 (-23.2%), from €671,539 to €515,752
mainly Net result for the year (-€242,400) and Short-term financial debts (-€167,586)
- Stocks and contracts +€77,224
up €77,224 (+11.9%), from €648,439 to €725,662
- Profit (loss) carried forward -€211,103
down €211,103 (-22.5%), from €936,453 to €725,350
- Short-term financial debts -€167,586
down €167,586 (-89.4%), from €187,487 to €19,902
of which Other loans: -€163,597
- Trade debts +€140,047
up €140,047 (+285%), from €49,213 to €189,260
- Investment grants -€131,803
no longer reported in 2025 (was €131,803)
- Current portion of long-term debt +€118,579
up €118,579 (+952%), from €12,459 to €131,039
- Gross operating margin -€369,589
down €369,589 (-40.4%), from €915,256 to €545,666
- Depreciation -€194,871
down €194,871 (-75.2%), from €259,306 to €64,434
- Financial income -€118,701
down €118,701 (-91.0%), from €130,427 to €11,726
- Staff costs +€83,230
up €83,230 (+13.5%), from €615,748 to €698,978
- Taxes -€32,427
down €32,427 (-96.8%), from €33,489 to €1,062
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 | €2,220,428 | €1,937,118 | -€283,310 | -12.8% |
| Fixed assets | 21/28 | €267,149 | €242,073 | -€25,076 | -9.4% |
| Intangible fixed assets | 21 | €33,444 | €11,244 | -€22,200 | -66.4% |
| Tangible fixed assets | 22/27 | €233,705 | €228,188 | -€5,517 | -2.4% |
| Land and buildings | 22 | €151,662 | €148,749 | -€2,912 | -1.9% |
| Plant, machinery and equipment | 23 | €56,036 | €36,727 | -€19,309 | -34.5% |
| Furniture and vehicles | 24 | €26,007 | €42,712 | +€16,704 | +64.2% |
| Financial fixed assets | 28 | - | €2,641 | +€2,641 | |
| Current assets | 29/58 | €1,953,279 | €1,695,045 | -€258,234 | -13.2% |
| Stocks and contracts in progress | 3 | €648,439 | €725,662 | +€77,224 | +11.9% |
| Stocks | 30/36 | €648,439 | €725,662 | +€77,224 | +11.9% |
| Amounts receivable within one year | 40/41 | €481,723 | €290,566 | -€191,156 | -39.7% |
| Trade receivables | 40 | €154,147 | €155,678 | +€1,531 | +1.0% |
| Other amounts receivable | 41 | €327,576 | €134,889 | -€192,687 | -58.8% |
| Current investments | 50/53 | €151,061 | €151,061 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €671,539 | €515,752 | -€155,788 | -23.2% |
| Deferred charges and accrued income | 490/1 | €518 | €12,004 | +€11,487 | +2,219% |
| Total equity and liabilities | 10/49 | €2,220,428 | €1,937,118 | -€283,310 | -12.8% |
| Equity | 10/15 | €1,713,174 | €1,370,268 | -€342,906 | -20.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €582,918 | €582,918 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,518 | €15,518 | = | 0.0% |
| Legal reserve | 130 | €15,518 | €15,518 | = | 0.0% |
| Distributable reserves | 133 | €567,400 | €567,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €936,453 | €725,350 | -€211,103 | -22.5% |
| Investment grants | 15 | €131,803 | - | -€131,803 | |
| Amounts payable | 17/49 | €507,254 | €566,851 | +€59,596 | +11.7% |
| Amounts payable after more than one year | 17 | €131,039 | €103,411 | -€27,628 | -21.1% |
| Other amounts payable | 178/9 | €131,039 | €103,411 | -€27,628 | -21.1% |
| Amounts payable within one year | 42/48 | €376,216 | €458,194 | +€81,978 | +21.8% |
| Current portion of amounts payable after more than one year | 42 | €12,459 | €131,039 | +€118,579 | +952% |
| Financial debts | 43 | €187,487 | €19,902 | -€167,586 | -89.4% |
| Credit institutions | 430/8 | €3,988 | - | -€3,988 | |
| Other loans | 439 | €183,499 | €19,902 | -€163,597 | -89.2% |
| Trade debts | 44 | €49,213 | €189,260 | +€140,047 | +285% |
| Suppliers | 440/4 | €49,213 | €189,260 | +€140,047 | +285% |
| Taxes, remuneration and social security | 45 | €116,445 | €116,294 | -€151 | -0.1% |
| Taxes | 450/3 | €12,506 | €0 | -€12,506 | -100% |
| Remuneration and social security | 454/9 | €103,939 | €116,294 | +€12,355 | +11.9% |
| Other amounts payable | 47/48 | €10,611 | €1,700 | -€8,911 | -84.0% |
| Accrued charges and deferred income | 492/3 | - | €5,246 | +€5,246 | |
| Non-recurring operating income | 76A | €826 | €0 | -€826 | -100% |
| Remuneration, social security and pensions | 62 | €615,748 | €698,978 | +€83,230 | +13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €259,306 | €64,434 | -€194,871 | -75.2% |
| Other operating charges | 640/8 | €23,716 | €24,289 | +€573 | +2.4% |
| Gross operating margin | 9900 | €915,256 | €545,666 | -€369,589 | -40.4% |
| Operating profit (loss) | 9901 | €16,486 | -€242,034 | -€258,520 | |
| Financial income | 75/76B | €130,427 | €11,726 | -€118,701 | -91.0% |
| Recurring financial income | 75 | €130,427 | €11,726 | -€118,701 | -91.0% |
| Financial charges | 65/66B | €1,863 | €11,030 | +€9,167 | +492% |
| Recurring financial charges | 65 | €1,863 | €11,030 | +€9,167 | +492% |
| Profit (loss) for the period before taxes | 9903 | €145,050 | -€241,338 | -€386,388 | |
| Income taxes | 67/77 | €33,489 | €1,062 | -€32,427 | -96.8% |
| Profit (loss) for the period | 9904 | €111,561 | -€242,400 | -€353,961 | |
| Profit (loss) for the period to be appropriated | 9905 | €111,561 | -€242,400 | -€353,961 |
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 30 October 2026 via checked.be.