ISTAR MEDICAL: what changed
What changed
ISTAR MEDICAL
NACE 86.910, Medical imaging and medical laboratories
filed annual accounts (NBB)
Net result for the year
-€21.0m
2024 · -€26.0m+€5.0m
Equity
-€23.5m
2024 · -€8.4m-€15.1m
Cash
€3.1m
2024 · €4.0m-€869,818
Balance sheet total
€15.6m
2024 · €31.0m-€15.4m
Largest movements
Assets
- Current investments -€10.0m
no longer reported in 2025 (was €10.0m)
- Receivables within one year -€2.3m
down €2.3m (-41.7%), from €5.6m to €3.3m
of which Other amounts receivable: -€2.0m
- Stocks and contracts -€1.1m
down €1.1m (-67.6%), from €1.6m to €510,268
- Intangible fixed assets -€1.0m
down €1.0m (-12.8%), from €7.8m to €6.8m
- Cash -€869,818
down €869,818 (-21.8%), from €4.0m to €3.1m
mainly Net result for the year (-€21.0m) and Trade debts (-€2.9m)
Equity and liabilities
- Profit (loss) carried forward -€21.0m
down €21.0m (-23.2%), from -€90.5m to -€111.5m
- Contributions +€6.1m
up €6.1m (+7.5%), from €81.8m to €88.0m
of which Capital: +€6.1m
- Other debts +€3.3m
up €3.3m (+11.4%), from €29.2m to €32.6m
- Trade debts -€2.9m
down €2.9m (-38.4%), from €7.6m to €4.6m
- Debts after one year -€324,830
down €324,830 (-19.1%), from €1.7m to €1.4m
Income statement
- Services and other goods -€6.2m
down €6.2m (-31.4%), from €19.7m to €13.5m
- Financial charges +€1.9m
up €1.9m (+97.4%), from €1.9m to €3.8m
- Write-downs -€1.3m
down €1.3m, from €994,274 to -€327,175
- Financial income -€732,698
down €732,698 (-52.9%), from €1.4m to €652,432
- Staff costs -€563,080
down €563,080 (-13.5%), from €4.2m to €3.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€26.0m
Turnover
-€71,233
Other operating income
+€48,474
Goods and materials
-€393,625
Services and other goods
+€6.2m
Staff costs
+€563,080
Depreciation
+€299,356
Write-downs
+€1.3m
Provisions
+€418,830
Other operating charges
-€33,693
Other operating items
-€735,755
Financial income
-€732,698
Financial charges
-€1.9m
Taxes
+€26,032
Result 2025
-€21.0m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€13.7m
Investment
+€7.3m
Financing
+€5.5m
Cash 2024
€4.0m
From operations (derived)
-€13.7m
Net result for the year
-€21.0m
Depreciation
+€4.0m
Stocks and contracts
+€1.1m
Receivables within one year
+€2.3m
Deferred charges and accrued income
-€227,741
Provisions
-€209,415
Trade debts
-€2.9m
Tax, wage and social debts
-€118,895
Other debts
+€3.3m
Accrued charges and deferred income
-€0
Investment (derived)
+€7.3m
Investment in fixed assets (net)
-€2.7m
Current investments
+€10.0m
Financing
+€5.5m
Debts after one year
-€324,830
Contributions, distributions and other
+€5.9m
Cash 2025
€3.1m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €30,968,134 | €15,617,364 | -€15.4m | -49.6% |
| Fixed assets | 21/28 | €9,734,654 | €8,425,083 | -€1.3m | -13.5% |
| Intangible fixed assets | 21 | €7,821,854 | €6,821,786 | -€1.0m | -12.8% |
| Tangible fixed assets | 22/27 | €1,774,713 | €1,550,776 | -€223,938 | -12.6% |
| Plant, machinery and equipment | 23 | €1,147,339 | €893,642 | -€253,697 | -22.1% |
| Furniture and vehicles | 24 | €316,423 | €182,670 | -€133,753 | -42.3% |
| Other tangible fixed assets | 26 | €173,369 | €113,189 | -€60,180 | -34.7% |
| Assets under construction and advance payments | 27 | €137,582 | €361,274 | +€223,692 | +163% |
| Financial fixed assets | 28 | €138,086 | €52,522 | -€85,565 | -62.0% |
| Affiliated companies | 280/1 | €25,001 | €25,001 | = | 0.0% |
| Participating interests | 280 | €25,001 | €25,001 | = | 0.0% |
| Other financial fixed assets | 284/8 | €113,085 | €27,521 | -€85,565 | -75.7% |
| Amounts receivable and cash guarantees | 285/8 | €113,085 | €27,521 | -€85,565 | -75.7% |
| Current assets | 29/58 | €21,233,480 | €7,192,281 | -€14.0m | -66.1% |
| Stocks and contracts in progress | 3 | €1,576,074 | €510,268 | -€1.1m | -67.6% |
| Stocks | 30/36 | €1,576,074 | €510,268 | -€1.1m | -67.6% |
| Raw materials and consumables | 30/31 | €469,939 | €308,313 | -€161,626 | -34.4% |
| Work in progress | 32 | €869,930 | €194,460 | -€675,471 | -77.6% |
| Finished goods | 33 | €236,204 | €7,496 | -€228,708 | -96.8% |
| Amounts receivable within one year | 40/41 | €5,598,176 | €3,264,859 | -€2.3m | -41.7% |
| Trade receivables | 40 | €1,324,558 | €944,345 | -€380,213 | -28.7% |
| Other amounts receivable | 41 | €4,273,617 | €2,320,514 | -€2.0m | -45.7% |
| Current investments | 50/53 | €10,000,000 | - | -€10.0m | |
| Other investments | 51/53 | €10,000,000 | - | -€10.0m | |
| Cash at bank and in hand | 54/58 | €3,982,022 | €3,112,204 | -€869,818 | -21.8% |
| Deferred charges and accrued income | 490/1 | €77,209 | €304,950 | +€227,741 | +295% |
| Total equity and liabilities | 10/49 | €30,968,134 | €15,617,364 | -€15.4m | -49.6% |
| Equity | 10/15 | -€8,366,918 | -€23,495,323 | -€15.1m | -181% |
| Contributions | 10/11 | €81,807,996 | €87,955,650 | +€6.1m | +7.5% |
| Capital | 10 | €41,994,208 | €48,141,862 | +€6.1m | +14.6% |
| Issued capital | 100 | €41,994,208 | €48,141,862 | +€6.1m | +14.6% |
| Contributions outside capital | 11 | €39,813,788 | €39,813,788 | = | 0.0% |
| Share premium | 1100/10 | €39,813,788 | €39,813,788 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€90,455,025 | -€111,450,973 | -€21.0m | -23.2% |
| Investment grants | 15 | €280,110 | - | -€280,110 | |
| Provisions and deferred taxes | 16 | €209,415 | - | -€209,415 | |
| Provisions for liabilities and charges | 160/5 | €209,415 | - | -€209,415 | |
| Other liabilities and charges | 164/5 | €209,415 | - | -€209,415 | |
| Amounts payable | 17/49 | €39,125,638 | €39,112,687 | -€12,951 | 0.0% |
| Amounts payable after more than one year | 17 | €1,702,324 | €1,377,494 | -€324,830 | -19.1% |
| Other amounts payable | 178/9 | €1,702,324 | €1,377,494 | -€324,830 | -19.1% |
| Amounts payable within one year | 42/48 | €37,423,314 | €37,735,193 | +€311,879 | +0.8% |
| Trade debts | 44 | €7,552,482 | €4,648,865 | -€2.9m | -38.4% |
| Suppliers | 440/4 | €7,552,482 | €4,648,865 | -€2.9m | -38.4% |
| Taxes, remuneration and social security | 45 | €648,450 | €529,555 | -€118,895 | -18.3% |
| Taxes | 450/3 | €57,483 | €23,252 | -€34,231 | -59.5% |
| Remuneration and social security | 454/9 | €590,967 | €506,302 | -€84,665 | -14.3% |
| Other amounts payable | 47/48 | €29,222,382 | €32,556,774 | +€3.3m | +11.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | -€0 | |
| Operating income | 70/76A | €4,803,014 | €4,192,320 | -€610,694 | -12.7% |
| Turnover | 70 | €1,916,934 | €1,845,702 | -€71,233 | -3.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €1,034,721 | -€271,555 | -€1.3m | |
| Own construction capitalised | 72 | €1,683,304 | €2,400,675 | +€717,371 | +42.6% |
| Other operating income | 74 | €168,055 | €216,528 | +€48,474 | +28.8% |
| Non-recurring operating income | 76A | - | €970 | +€970 | |
| Operating charges | 60/66A | €30,384,688 | €22,162,946 | -€8.2m | -27.1% |
| Goods for resale, raw materials and consumables | 60 | €874,055 | €1,267,679 | +€393,625 | +45.0% |
| Purchases | 600/8 | €1,703,403 | €1,512,637 | -€190,766 | -11.2% |
| Change in stocks: decrease (increase) | 609 | -€829,348 | -€244,958 | +€584,390 | +70.5% |
| Services and other goods | 61 | €19,730,460 | €13,536,296 | -€6.2m | -31.4% |
| Remuneration, social security and pensions | 62 | €4,161,265 | €3,598,185 | -€563,080 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,291,622 | €3,992,266 | -€299,356 | -7.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €994,274 | -€327,175 | -€1.3m | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €209,415 | -€209,415 | -€418,830 | |
| Other operating charges | 640/8 | €62,002 | €95,695 | +€33,693 | +54.3% |
| Non-recurring operating charges | 66A | €61,596 | €209,415 | +€147,819 | +240% |
| Operating profit (loss) | 9901 | -€25,581,674 | -€17,970,627 | +€7.6m | +29.8% |
| Financial income | 75/76B | €1,385,130 | €652,432 | -€732,698 | -52.9% |
| Recurring financial income | 75 | €1,385,130 | €652,432 | -€732,698 | -52.9% |
| Income from financial fixed assets | 750 | €351,429 | €59,375 | -€292,054 | -83.1% |
| Other financial income | 752/9 | €1,033,701 | €593,057 | -€440,644 | -42.6% |
| Financial charges | 65/66B | €1,927,922 | €3,805,230 | +€1.9m | +97.4% |
| Recurring financial charges | 65 | €1,927,922 | €3,805,230 | +€1.9m | +97.4% |
| Debt charges | 650 | €1,661,671 | €3,430,429 | +€1.8m | +106% |
| Other financial charges | 652/9 | €266,251 | €374,801 | +€108,549 | +40.8% |
| Profit (loss) for the period before taxes | 9903 | -€26,124,467 | -€21,123,425 | +€5.0m | +19.1% |
| Income taxes | 67/77 | -€101,445 | -€127,477 | -€26,032 | -25.7% |
| Taxes | 670/3 | €79,393 | €49,602 | -€29,791 | -37.5% |
| Tax adjustments and reversals of tax provisions | 77 | €180,838 | €177,079 | -€3,759 | -2.1% |
| Profit (loss) for the period | 9904 | -€26,023,021 | -€20,995,948 | +€5.0m | +19.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,023,021 | -€20,995,948 | +€5.0m | +19.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.