ISTOR: 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.
ISTOR
Largest movements
- Receivables within one year -€124,055
down €124,055 (-78.1%), from €158,840 to €34,785
of which Trade receivables: -€138,076
- Cash +€42,710
up €42,710 (+2,950%), from €1,448 to €44,158
mainly Receivables within one year (+€124,055) and Net result for the year (+€12,919)
- Tangible fixed assets +€2,112
new in 2025: €2,112
- Deferred charges and accrued income +€2,021
up €2,021 (+1,022%), from €198 to €2,219
- Trade debts -€71,180
down €71,180 (-94.6%), from €75,230 to €4,050
- Tax, wage and social debts -€18,950
down €18,950 (-54.2%), from €34,946 to €15,996
- Reserves +€12,919
up €12,919 (+27.3%), from €47,310 to €60,229
- Gross operating margin -€83,659
down €83,659 (-67.4%), from €124,178 to €40,520
- Other operating charges +€7,762
up €7,762 (+287%), from €2,706 to €10,468
- Financial charges +€6,673
up €6,673 (+497%), from €1,342 to €8,015
- Taxes -€1,487
down €1,487 (-14.6%), from €10,219 to €8,731
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 | €160,486 | €83,274 | -€77,212 | -48.1% |
| Fixed assets | 21/28 | - | €2,112 | +€2,112 | |
| Tangible fixed assets | 22/27 | - | €2,112 | +€2,112 | |
| Furniture and vehicles | 24 | - | €2,112 | +€2,112 | |
| Current assets | 29/58 | €160,486 | €81,162 | -€79,324 | -49.4% |
| Amounts receivable within one year | 40/41 | €158,840 | €34,785 | -€124,055 | -78.1% |
| Trade receivables | 40 | €142,671 | €4,595 | -€138,076 | -96.8% |
| Other amounts receivable | 41 | €16,170 | €30,191 | +€14,021 | +86.7% |
| Cash at bank and in hand | 54/58 | €1,448 | €44,158 | +€42,710 | +2,950% |
| Deferred charges and accrued income | 490/1 | €198 | €2,219 | +€2,021 | +1,022% |
| Total equity and liabilities | 10/49 | €160,486 | €83,274 | -€77,212 | -48.1% |
| Equity | 10/15 | €50,310 | €63,229 | +€12,919 | +25.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €47,310 | €60,229 | +€12,919 | +27.3% |
| Distributable reserves | 133 | €47,310 | €60,229 | +€12,919 | +27.3% |
| Amounts payable | 17/49 | €110,176 | €20,045 | -€90,131 | -81.8% |
| Amounts payable within one year | 42/48 | €110,176 | €20,045 | -€90,131 | -81.8% |
| Trade debts | 44 | €75,230 | €4,050 | -€71,180 | -94.6% |
| Suppliers | 440/4 | €75,230 | €4,050 | -€71,180 | -94.6% |
| Taxes, remuneration and social security | 45 | €34,946 | €15,996 | -€18,950 | -54.2% |
| Taxes | 450/3 | €34,946 | €15,996 | -€18,950 | -54.2% |
| Non-recurring operating income | 76A | - | €17,188 | +€17,188 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €388 | +€388 | |
| Other operating charges | 640/8 | €2,706 | €10,468 | +€7,762 | +287% |
| Non-recurring operating charges | 66A | €25,185 | - | -€25,185 | |
| Gross operating margin | 9900 | €124,178 | €40,520 | -€83,659 | -67.4% |
| Operating profit (loss) | 9901 | €96,287 | €29,664 | -€66,622 | -69.2% |
| Financial income | 75/76B | €1 | €0 | -€1 | -91.1% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -91.1% |
| Financial charges | 65/66B | €1,342 | €8,015 | +€6,673 | +497% |
| Recurring financial charges | 65 | €1,342 | €8,015 | +€6,673 | +497% |
| Profit (loss) for the period before taxes | 9903 | €94,946 | €21,650 | -€73,296 | -77.2% |
| Income taxes | 67/77 | €10,219 | €8,731 | -€1,487 | -14.6% |
| Profit (loss) for the period | 9904 | €84,727 | €12,919 | -€71,808 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €84,727 | €12,919 | -€71,808 | -84.8% |
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 13 October 2026 via checked.be.