INSTRUWELL: 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.
INSTRUWELL
Largest movements
- Cash +€43,654
up €43,654 (+16.0%), from €272,000 to €315,655
mainly Depreciation (+€64,333) and Other debts (+€17,053)
- Tangible fixed assets -€40,742
down €40,742 (-3.4%), from €1.2m to €1.1m
- Reserves -€34,803
down €34,803 (-7.5%), from €467,101 to €432,298
of which Distributable reserves: -€18,926
- Profit (loss) carried forward +€29,513
up €29,513 (+2.9%), from €1.0m to €1.0m
- Gross operating margin +€5,137
up €5,137 (+8.7%), from €59,108 to €64,245
- Depreciation +€3,647
up €3,647 (+6.0%), from €60,687 to €64,333
- Financial income +€2,905
up €2,905 (+27.5%), from €10,573 to €13,477
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 | €1,721,477 | €1,725,720 | +€4,244 | +0.2% |
| Fixed assets | 21/28 | €1,186,542 | €1,145,800 | -€40,742 | -3.4% |
| Tangible fixed assets | 22/27 | €1,186,542 | €1,145,800 | -€40,742 | -3.4% |
| Land and buildings | 22 | €1,186,542 | €1,145,800 | -€40,742 | -3.4% |
| Current assets | 29/58 | €534,935 | €579,920 | +€44,985 | +8.4% |
| Amounts receivable after more than one year | 29 | €250,000 | €250,000 | = | 0.0% |
| Other amounts receivable | 291 | €250,000 | €250,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,606 | €1,043 | -€3,562 | -77.3% |
| Trade receivables | 40 | €3,933 | €0 | -€3,933 | -100% |
| Other amounts receivable | 41 | €673 | €1,043 | +€370 | +55.0% |
| Cash at bank and in hand | 54/58 | €272,000 | €315,655 | +€43,654 | +16.0% |
| Deferred charges and accrued income | 490/1 | €8,329 | €13,222 | +€4,893 | +58.7% |
| Total equity and liabilities | 10/49 | €1,721,477 | €1,725,720 | +€4,244 | +0.2% |
| Equity | 10/15 | €1,601,771 | €1,596,482 | -€5,290 | -0.3% |
| Contributions | 10/11 | €131,000 | €131,000 | = | 0.0% |
| Reserves | 13 | €467,101 | €432,298 | -€34,803 | -7.5% |
| Tax-exempt reserves | 132 | €329,958 | €314,081 | -€15,877 | -4.8% |
| Distributable reserves | 133 | €137,143 | €118,218 | -€18,926 | -13.8% |
| Profit (loss) carried forward | 14 | €1,003,670 | €1,033,183 | +€29,513 | +2.9% |
| Provisions and deferred taxes | 16 | €105,319 | €100,027 | -€5,292 | -5.0% |
| Deferred taxes | 168 | €105,319 | €100,027 | -€5,292 | -5.0% |
| Amounts payable | 17/49 | €14,386 | €29,212 | +€14,825 | +103% |
| Amounts payable within one year | 42/48 | €12,164 | €29,212 | +€17,048 | +140% |
| Trade debts | 44 | €1,181 | €1,036 | -€145 | -12.3% |
| Suppliers | 440/4 | €1,181 | €1,036 | -€145 | -12.3% |
| Taxes, remuneration and social security | 45 | €1,763 | €1,903 | +€140 | +8.0% |
| Taxes | 450/3 | €1,763 | €1,903 | +€140 | +8.0% |
| Other amounts payable | 47/48 | €9,219 | €26,273 | +€17,053 | +185% |
| Accrued charges and deferred income | 492/3 | €2,223 | €0 | -€2,223 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,687 | €64,333 | +€3,647 | +6.0% |
| Other operating charges | 640/8 | €4,042 | €4,196 | +€154 | +3.8% |
| Gross operating margin | 9900 | €59,108 | €64,245 | +€5,137 | +8.7% |
| Operating profit (loss) | 9901 | -€5,621 | -€4,284 | +€1,337 | +23.8% |
| Financial income | 75/76B | €10,573 | €13,477 | +€2,905 | +27.5% |
| Recurring financial income | 75 | €10,573 | €13,477 | +€2,905 | +27.5% |
| Financial charges | 65/66B | €897 | €850 | -€47 | -5.3% |
| Recurring financial charges | 65 | €897 | €850 | -€47 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €4,055 | €8,344 | +€4,289 | +106% |
| Transfer from deferred taxes | 780 | €5,292 | €5,292 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €9,347 | €13,636 | +€4,289 | +45.9% |
| Transfer from tax-exempt reserves | 789 | €15,877 | €15,877 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,224 | €29,513 | +€4,289 | +17.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.