ISTEC INTERNATIONAL: 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.
ISTEC INTERNATIONAL
Largest movements
- Cash -€102,362
down €102,362 (-39.4%), from €260,045 to €157,683
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€56,310)
- Receivables within one year +€56,310
up €56,310 (+50.1%), from €112,402 to €168,712
of which Trade receivables: +€50,811
- Stocks and contracts +€54,701
up €54,701 (+130%), from €42,077 to €96,778
- Reserves -€32,066
down €32,066 (-9.7%), from €329,338 to €297,272
- Other debts +€24,000
up €24,000 (+66.7%), from €36,000 to €60,000
- Tax, wage and social debts +€8,867
up €8,867, from €0 to €8,867
- Trade debts +€7,847
up €7,847 (+27.6%), from €28,396 to €36,243
- Gross operating margin -€32,770
down €32,770 (-46.3%), from €70,848 to €38,077
- Taxes -€8,263
down €8,263 (-47.0%), from €17,574 to €9,311
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 | €414,734 | €423,381 | +€8,647 | +2.1% |
| Current assets | 29/58 | €414,734 | €423,381 | +€8,647 | +2.1% |
| Stocks and contracts in progress | 3 | €42,077 | €96,778 | +€54,701 | +130% |
| Stocks | 30/36 | €42,077 | €96,778 | +€54,701 | +130% |
| Amounts receivable within one year | 40/41 | €112,402 | €168,712 | +€56,310 | +50.1% |
| Trade receivables | 40 | €107,211 | €158,021 | +€50,811 | +47.4% |
| Other amounts receivable | 41 | €5,192 | €10,691 | +€5,499 | +106% |
| Current investments | 50/53 | €6 | €0 | -€6 | -100% |
| Cash at bank and in hand | 54/58 | €260,045 | €157,683 | -€102,362 | -39.4% |
| Deferred charges and accrued income | 490/1 | €204 | €208 | +€4 | +2.0% |
| Total equity and liabilities | 10/49 | €414,734 | €423,381 | +€8,647 | +2.1% |
| Equity | 10/15 | €350,338 | €318,272 | -€32,066 | -9.2% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Reserves | 13 | €329,338 | €297,272 | -€32,066 | -9.7% |
| Distributable reserves | 133 | €329,338 | €297,272 | -€32,066 | -9.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €64,396 | €105,109 | +€40,713 | +63.2% |
| Amounts payable within one year | 42/48 | €64,396 | €105,109 | +€40,713 | +63.2% |
| Trade debts | 44 | €28,396 | €36,243 | +€7,847 | +27.6% |
| Suppliers | 440/4 | €28,396 | €36,243 | +€7,847 | +27.6% |
| Taxes, remuneration and social security | 45 | €0 | €8,867 | +€8,867 | |
| Taxes | 450/3 | €0 | €8,867 | +€8,867 | |
| Other amounts payable | 47/48 | €36,000 | €60,000 | +€24,000 | +66.7% |
| Other operating charges | 640/8 | €387 | €544 | +€156 | +40.4% |
| Gross operating margin | 9900 | €70,848 | €38,077 | -€32,770 | -46.3% |
| Operating profit (loss) | 9901 | €70,460 | €37,534 | -€32,927 | -46.7% |
| Financial charges | 65/66B | €163 | €289 | +€125 | +76.8% |
| Recurring financial charges | 65 | €163 | €289 | +€125 | +76.8% |
| Profit (loss) for the period before taxes | 9903 | €70,297 | €37,245 | -€33,052 | -47.0% |
| Income taxes | 67/77 | €17,574 | €9,311 | -€8,263 | -47.0% |
| Profit (loss) for the period | 9904 | €52,723 | €27,934 | -€24,789 | -47.0% |
| Profit (loss) for the period to be appropriated | 9905 | €52,723 | €27,934 | -€24,789 | -47.0% |
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 29 October 2026 via checked.be.