ISTECO: 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.
ISTECO
Largest movements
- Cash +€83,768
up €83,768 (+66.6%), from €125,784 to €209,553
mainly Net result for the year (+€156,462) and Other debts (+€52,259)
- Receivables within one year -€23,132
down €23,132 (-45.7%), from €50,596 to €27,463
of which Other amounts receivable: -€24,276
- Tangible fixed assets -€18,613
down €18,613 (-32.1%), from €57,924 to €39,311
- Other debts +€52,259
up €52,259 (+38.9%), from €134,182 to €186,441
- Debts after one year -€15,530
down €15,530 (-65.9%), from €23,548 to €8,018
- Tax, wage and social debts +€6,575
up €6,575 (+16.6%), from €39,574 to €46,149
- Financial income -€4,298
down €4,298 (-100.0%), from €4,298 to €0
- Gross operating margin +€2,321
up €2,321 (+1.0%), from €223,333 to €225,655
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 | €235,271 | €277,347 | +€42,077 | +17.9% |
| Fixed assets | 21/28 | €57,924 | €39,311 | -€18,613 | -32.1% |
| Tangible fixed assets | 22/27 | €57,924 | €39,311 | -€18,613 | -32.1% |
| Furniture and vehicles | 24 | €57,924 | €39,311 | -€18,613 | -32.1% |
| Current assets | 29/58 | €177,347 | €238,036 | +€60,690 | +34.2% |
| Amounts receivable within one year | 40/41 | €50,596 | €27,463 | -€23,132 | -45.7% |
| Trade receivables | 40 | €26,320 | €27,463 | +€1,144 | +4.3% |
| Other amounts receivable | 41 | €24,276 | €0 | -€24,276 | -100% |
| Cash at bank and in hand | 54/58 | €125,784 | €209,553 | +€83,768 | +66.6% |
| Deferred charges and accrued income | 490/1 | €967 | €1,020 | +€53 | +5.5% |
| Total equity and liabilities | 10/49 | €235,271 | €277,347 | +€42,077 | +17.9% |
| Equity | 10/15 | €20,810 | €20,810 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,210 | €2,210 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €350 | €350 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €214,461 | €256,538 | +€42,077 | +19.6% |
| Amounts payable after more than one year | 17 | €23,548 | €8,018 | -€15,530 | -65.9% |
| Financial debts | 170/4 | €23,548 | €8,018 | -€15,530 | -65.9% |
| Amounts payable within one year | 42/48 | €190,913 | €248,519 | +€57,606 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €14,878 | €15,530 | +€652 | +4.4% |
| Trade debts | 44 | €2,279 | €400 | -€1,879 | -82.5% |
| Suppliers | 440/4 | €2,279 | €400 | -€1,879 | -82.5% |
| Taxes, remuneration and social security | 45 | €39,574 | €46,149 | +€6,575 | +16.6% |
| Taxes | 450/3 | €39,574 | €46,149 | +€6,575 | +16.6% |
| Other amounts payable | 47/48 | €134,182 | €186,441 | +€52,259 | +38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,501 | €18,613 | +€112 | +0.6% |
| Other operating charges | 640/8 | €1,859 | €1,927 | +€68 | +3.7% |
| Gross operating margin | 9900 | €223,333 | €225,655 | +€2,321 | +1.0% |
| Operating profit (loss) | 9901 | €202,973 | €205,114 | +€2,141 | +1.1% |
| Financial income | 75/76B | €4,298 | €0 | -€4,298 | -100.0% |
| Recurring financial income | 75 | €4,298 | €0 | -€4,298 | -100.0% |
| Financial charges | 65/66B | €2,126 | €1,511 | -€615 | -28.9% |
| Recurring financial charges | 65 | €2,126 | €1,511 | -€615 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €205,145 | €203,603 | -€1,542 | -0.8% |
| Income taxes | 67/77 | €47,284 | €47,141 | -€143 | -0.3% |
| Profit (loss) for the period | 9904 | €157,861 | €156,462 | -€1,399 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €157,861 | €156,462 | -€1,399 | -0.9% |
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 24 October 2026 via checked.be.