ISTC: what changed
Two fiscal 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.
ISTC
Largest movements
- Cash +€44,755
up €44,755 (+43.8%), from €102,086 to €146,841
mainly Other debts (+€45,310) and Net result for the year (+€31,231)
- Receivables within one year +€13,005
up €13,005 (+34.0%), from €38,299 to €51,304
of which Trade receivables: +€14,872
- Tangible fixed assets -€7,223
down €7,223 (-10.8%), from €67,085 to €59,862
- Other debts +€45,310
up €45,310 (+109.3%), from €41,465 to €86,775
- Tax, wage and social debts +€4,526
up €4,526 (+92.4%), from €4,899 to €9,426
- Gross operating margin -€37,470
down €37,470 (-43.9%), from €85,436 to €47,966
- Taxes +€5,935
up €5,935 (+625.5%), from €949 to €6,884
- Depreciation +€4,581
up €4,581 (+173.3%), from €2,643 to €7,223
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.
Cash bridge derived
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 | €208,670 | €261,807 | +€53,137 | +25.5% |
| Fixed assets | 21/28 | €68,285 | €61,062 | -€7,223 | -10.6% |
| Tangible fixed assets | 22/27 | €67,085 | €59,862 | -€7,223 | -10.8% |
| Furniture and vehicles | 24 | €67,085 | €59,862 | -€7,223 | -10.8% |
| Financial fixed assets | 28 | €1,200 | €1,200 | = | 0.0% |
| Current assets | 29/58 | €140,385 | €200,744 | +€60,360 | +43.0% |
| Amounts receivable within one year | 40/41 | €38,299 | €51,304 | +€13,005 | +34.0% |
| Trade receivables | 40 | €30,192 | €45,065 | +€14,872 | +49.3% |
| Other amounts receivable | 41 | €8,107 | €6,239 | -€1,868 | -23.0% |
| Cash at bank and in hand | 54/58 | €102,086 | €146,841 | +€44,755 | +43.8% |
| Deferred charges and accrued income | 490/1 | - | €2,600 | +€2,600 | |
| Total equity and liabilities | 10/49 | €208,670 | €261,807 | +€53,137 | +25.5% |
| Equity | 10/15 | €143,917 | €144,729 | +€812 | +0.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €118,816 | €119,628 | +€812 | +0.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,251 | €20,251 | = | 0.0% |
| Distributable reserves | 133 | €96,705 | €97,517 | +€812 | +0.8% |
| Profit (loss) carried forward | 14 | €6,501 | €6,501 | = | 0.0% |
| Amounts payable | 17/49 | €64,753 | €117,078 | +€52,325 | +80.8% |
| Amounts payable within one year | 42/48 | €64,753 | €117,078 | +€52,325 | +80.8% |
| Trade debts | 44 | - | €2,489 | +€2,489 | |
| Suppliers | 440/4 | - | €2,489 | +€2,489 | |
| Advances received on contracts in progress | 46 | €18,388 | €18,388 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €4,899 | €9,426 | +€4,526 | +92.4% |
| Taxes | 450/3 | €4,899 | €9,426 | +€4,526 | +92.4% |
| Other amounts payable | 47/48 | €41,465 | €86,775 | +€45,310 | +109.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,643 | €7,223 | +€4,581 | +173.3% |
| Other operating charges | 640/8 | €1,265 | €898 | -€366 | -29.0% |
| Non-recurring operating charges | 66A | €73,049 | €0 | -€73,049 | -100.0% |
| Gross operating margin | 9900 | €85,436 | €47,966 | -€37,470 | -43.9% |
| Operating profit (loss) | 9901 | €8,480 | €39,845 | +€31,365 | +369.9% |
| Financial income | 75/76B | - | €117 | +€117 | |
| Recurring financial income | 75 | - | €117 | +€117 | |
| Financial charges | 65/66B | €1,975 | €1,846 | -€130 | -6.6% |
| Recurring financial charges | 65 | €1,975 | €1,846 | -€130 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | €6,505 | €38,115 | +€31,611 | +486.0% |
| Income taxes | 67/77 | €949 | €6,884 | +€5,935 | +625.5% |
| Profit (loss) for the period | 9904 | €5,556 | €31,231 | +€25,676 | +462.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,556 | €31,231 | +€25,676 | +462.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.