ISTANBUL: 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.
ISTANBUL
Largest movements
- Tangible fixed assets +€27,611
up €27,611 (+3,616%), from €764 to €28,375
of which Other tangible fixed assets: +€25,368
- Cash +€19,745
up €19,745 (+105%), from €18,719 to €38,464
mainly Net result for the year (+€25,434) and Receivables within one year (+€10,281)
- Receivables within one year -€10,281
down €10,281 (-45.0%), from €22,840 to €12,559
of which Trade receivables: -€7,941
- Stocks and contracts -€3,775
down €3,775 (-77.0%), from €4,905 to €1,130
- Profit (loss) carried forward +€25,434
up €25,434 (+93.4%), from €27,237 to €52,671
- Other debts +€4,936
new in 2025: €4,936
- Tax, wage and social debts +€4,821
new in 2025: €4,821
of which Taxes: +€3,302
- Trade debts -€1,891
down €1,891 (-95.1%), from €1,989 to €98
- Gross operating margin +€31,352
up €31,352 (+298%), from €10,517 to €41,868
- Staff costs +€11,980
new in 2025: €11,980
- Taxes +€3,302
new in 2025: €3,302
- Depreciation +€785
up €785 (+411%), from €191 to €976
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 | €49,678 | €82,978 | +€33,300 | +67.0% |
| Fixed assets | 21/28 | €814 | €28,425 | +€27,611 | +3,394% |
| Tangible fixed assets | 22/27 | €764 | €28,375 | +€27,611 | +3,616% |
| Plant, machinery and equipment | 23 | - | €1,046 | +€1,046 | |
| Furniture and vehicles | 24 | €764 | €1,961 | +€1,197 | +157% |
| Other tangible fixed assets | 26 | - | €25,368 | +€25,368 | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €48,864 | €54,553 | +€5,689 | +11.6% |
| Stocks and contracts in progress | 3 | €4,905 | €1,130 | -€3,775 | -77.0% |
| Stocks | 30/36 | €4,905 | €1,130 | -€3,775 | -77.0% |
| Amounts receivable within one year | 40/41 | €22,840 | €12,559 | -€10,281 | -45.0% |
| Trade receivables | 40 | €7,941 | - | -€7,941 | |
| Other amounts receivable | 41 | €14,899 | €12,559 | -€2,340 | -15.7% |
| Cash at bank and in hand | 54/58 | €18,719 | €38,464 | +€19,745 | +105% |
| Deferred charges and accrued income | 490/1 | €2,400 | €2,400 | = | 0.0% |
| Total equity and liabilities | 10/49 | €49,678 | €82,978 | +€33,300 | +67.0% |
| Equity | 10/15 | €47,688 | €73,122 | +€25,434 | +53.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,237 | €52,671 | +€25,434 | +93.4% |
| Amounts payable | 17/49 | €1,989 | €9,855 | +€7,866 | +395% |
| Amounts payable within one year | 42/48 | €1,989 | €9,855 | +€7,866 | +395% |
| Trade debts | 44 | €1,989 | €98 | -€1,891 | -95.1% |
| Suppliers | 440/4 | €1,989 | €98 | -€1,891 | -95.1% |
| Taxes, remuneration and social security | 45 | - | €4,821 | +€4,821 | |
| Taxes | 450/3 | - | €3,302 | +€3,302 | |
| Remuneration and social security | 454/9 | - | €1,519 | +€1,519 | |
| Other amounts payable | 47/48 | - | €4,936 | +€4,936 | |
| Non-recurring operating income | 76A | €679 | - | -€679 | |
| Remuneration, social security and pensions | 62 | - | €11,980 | +€11,980 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €976 | +€785 | +411% |
| Gross operating margin | 9900 | €10,517 | €41,868 | +€31,352 | +298% |
| Operating profit (loss) | 9901 | €10,326 | €28,912 | +€18,586 | +180% |
| Financial income | 75/76B | €0 | €1 | +€0 | +43.8% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +43.8% |
| Financial charges | 65/66B | €180 | €177 | -€3 | -1.4% |
| Recurring financial charges | 65 | €180 | €177 | -€3 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €10,147 | €28,736 | +€18,589 | +183% |
| Income taxes | 67/77 | - | €3,302 | +€3,302 | |
| Profit (loss) for the period | 9904 | €10,147 | €25,434 | +€15,287 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €10,147 | €25,434 | +€15,287 | +151% |
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 14 October 2026 via checked.be.