ISToVAtioN: 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.
ISToVAtioN
Largest movements
- Cash +€54,337
up €54,337 (+133%), from €40,834 to €95,171
mainly Net result for the year (+€51,293) and Tax, wage and social debts (+€5,509)
- Tangible fixed assets +€3,794
up €3,794 (+81.9%), from €4,630 to €8,424
- Profit (loss) carried forward +€51,293
up €51,293 (+183%), from €27,961 to €79,254
- Tax, wage and social debts +€5,509
up €5,509 (+32.1%), from €17,184 to €22,693
- Other debts +€3,547
up €3,547 (+93.3%), from €3,803 to €7,351
- Trade debts -€2,662
down €2,662 (-42.4%), from €6,272 to €3,610
- Gross operating margin +€33,057
up €33,057 (+86.9%), from €38,019 to €71,076
- Taxes +€6,734
up €6,734 (+81.3%), from €8,284 to €15,019
- Depreciation +€2,098
up €2,098 (+1,076%), from €195 to €2,293
- Financial charges +€872
up €872 (+78.3%), from €1,113 to €1,985
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 | €60,257 | €117,908 | +€57,650 | +95.7% |
| Fixed assets | 21/28 | €4,730 | €8,424 | +€3,694 | +78.1% |
| Tangible fixed assets | 22/27 | €4,630 | €8,424 | +€3,794 | +81.9% |
| Furniture and vehicles | 24 | €4,630 | €8,424 | +€3,794 | +81.9% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €55,527 | €109,484 | +€53,956 | +97.2% |
| Amounts receivable within one year | 40/41 | €12,478 | €12,730 | +€252 | +2.0% |
| Trade receivables | 40 | €12,478 | €12,730 | +€252 | +2.0% |
| Cash at bank and in hand | 54/58 | €40,834 | €95,171 | +€54,337 | +133% |
| Deferred charges and accrued income | 490/1 | €2,215 | €1,583 | -€633 | -28.6% |
| Total equity and liabilities | 10/49 | €60,257 | €117,908 | +€57,650 | +95.7% |
| Equity | 10/15 | €32,961 | €84,254 | +€51,293 | +156% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,961 | €79,254 | +€51,293 | +183% |
| Amounts payable | 17/49 | €27,296 | €33,654 | +€6,358 | +23.3% |
| Amounts payable within one year | 42/48 | €27,259 | €33,654 | +€6,394 | +23.5% |
| Trade debts | 44 | €6,272 | €3,610 | -€2,662 | -42.4% |
| Suppliers | 440/4 | €6,272 | €3,610 | -€2,662 | -42.4% |
| Taxes, remuneration and social security | 45 | €17,184 | €22,693 | +€5,509 | +32.1% |
| Taxes | 450/3 | €17,184 | €22,693 | +€5,509 | +32.1% |
| Other amounts payable | 47/48 | €3,803 | €7,351 | +€3,547 | +93.3% |
| Accrued charges and deferred income | 492/3 | €37 | - | -€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195 | €2,293 | +€2,098 | +1,076% |
| Other operating charges | 640/8 | €465 | €486 | +€21 | +4.4% |
| Gross operating margin | 9900 | €38,019 | €71,076 | +€33,057 | +86.9% |
| Operating profit (loss) | 9901 | €37,359 | €68,297 | +€30,938 | +82.8% |
| Financial charges | 65/66B | €1,113 | €1,985 | +€872 | +78.3% |
| Recurring financial charges | 65 | €1,113 | €1,985 | +€872 | +78.3% |
| Profit (loss) for the period before taxes | 9903 | €36,245 | €66,311 | +€30,066 | +83.0% |
| Income taxes | 67/77 | €8,284 | €15,019 | +€6,734 | +81.3% |
| Profit (loss) for the period | 9904 | €27,961 | €51,293 | +€23,332 | +83.4% |
| Profit (loss) for the period to be appropriated | 9905 | €27,961 | €51,293 | +€23,332 | +83.4% |
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 17 October 2026 via checked.be.