ISTATE PROPERTIES: 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.
ISTATE PROPERTIES
Largest movements
- Tangible fixed assets -€20,044
down €20,044 (-6.5%), from €310,569 to €290,525
- Receivables within one year -€11,000
down €11,000 (-4.9%), from €226,635 to €215,635
of which Other amounts receivable: -€32,000
- Deferred charges and accrued income -€9,000
no longer reported in 2025 (was €9,000)
- Debts after one year -€22,946
down €22,946 (-10.8%), from €212,458 to €189,512
- Profit (loss) carried forward -€16,904
down €16,904 (-12.3%), from €137,819 to €120,915
- Gross operating margin +€1,544
up €1,544 (+14.8%), from €10,429 to €11,973
- Other operating charges -€486
down €486 (-16.9%), from €2,869 to €2,383
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 | €596,861 | €557,124 | -€39,738 | -6.7% |
| Fixed assets | 21/28 | €360,569 | €340,525 | -€20,044 | -5.6% |
| Tangible fixed assets | 22/27 | €310,569 | €290,525 | -€20,044 | -6.5% |
| Other tangible fixed assets | 26 | €310,569 | €290,525 | -€20,044 | -6.5% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €236,293 | €216,599 | -€19,694 | -8.3% |
| Amounts receivable within one year | 40/41 | €226,635 | €215,635 | -€11,000 | -4.9% |
| Trade receivables | 40 | €24,000 | €45,000 | +€21,000 | +87.5% |
| Other amounts receivable | 41 | €202,635 | €170,635 | -€32,000 | -15.8% |
| Cash at bank and in hand | 54/58 | €658 | €964 | +€306 | +46.5% |
| Deferred charges and accrued income | 490/1 | €9,000 | - | -€9,000 | |
| Total equity and liabilities | 10/49 | €596,861 | €557,124 | -€39,738 | -6.7% |
| Equity | 10/15 | €302,819 | €285,915 | -€16,904 | -5.6% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €15,000 | €15,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €15,000 | €15,000 | = | 0.0% |
| Other | 1319 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,819 | €120,915 | -€16,904 | -12.3% |
| Amounts payable | 17/49 | €294,043 | €271,209 | -€22,834 | -7.8% |
| Amounts payable after more than one year | 17 | €212,458 | €189,512 | -€22,946 | -10.8% |
| Financial debts | 170/4 | €212,458 | €189,512 | -€22,946 | -10.8% |
| Amounts payable within one year | 42/48 | €81,585 | €81,697 | +€112 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €22,310 | €22,946 | +€636 | +2.9% |
| Trade debts | 44 | €1,601 | €1,077 | -€524 | -32.7% |
| Suppliers | 440/4 | €1,601 | €1,077 | -€524 | -32.7% |
| Other amounts payable | 47/48 | €57,674 | €57,674 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,044 | €20,044 | = | 0.0% |
| Other operating charges | 640/8 | €2,869 | €2,383 | -€486 | -16.9% |
| Gross operating margin | 9900 | €10,429 | €11,973 | +€1,544 | +14.8% |
| Operating profit (loss) | 9901 | -€12,484 | -€10,454 | +€2,030 | +16.3% |
| Financial charges | 65/66B | €6,392 | €6,450 | +€58 | +0.9% |
| Recurring financial charges | 65 | €6,392 | €6,450 | +€58 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | -€18,876 | -€16,904 | +€1,973 | +10.5% |
| Profit (loss) for the period | 9904 | -€18,876 | -€16,904 | +€1,973 | +10.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,876 | -€16,904 | +€1,973 | +10.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.