ISTRO: 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.
ISTRO
Largest movements
- Receivables within one year +€96,304
up €96,304 (+79.1%), from €121,763 to €218,067
of which Other amounts receivable: +€97,678
- Cash -€16,119
down €16,119 (-20.7%), from €77,969 to €61,850
mainly Receivables within one year (-€96,304) and Accrued charges and deferred income (-€1,355)
- Tangible fixed assets -€8,302
down €8,302 (-23.7%), from €35,100 to €26,798
of which Furniture and vehicles: -€8,235
- Reserves +€79,714
up €79,714 (+43.8%), from €181,820 to €261,534
- Profit (loss) carried forward -€22,004
down €22,004 (-100%), from €22,004 to €0
- Other debts +€13,179
up €13,179 (+329%), from €4,004 to €17,184
- Gross operating margin +€17,417
up €17,417 (+24.2%), from €71,884 to €89,301
- Other operating charges -€4,908
down €4,908 (-88.4%), from €5,550 to €642
- Taxes +€2,886
up €2,886 (+14.6%), from €19,717 to €22,603
- Depreciation +€1,840
up €1,840 (+28.5%), from €6,462 to €8,302
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 | €236,519 | €308,402 | +€71,883 | +30.4% |
| Fixed assets | 21/28 | €36,787 | €28,485 | -€8,302 | -22.6% |
| Tangible fixed assets | 22/27 | €35,100 | €26,798 | -€8,302 | -23.7% |
| Plant, machinery and equipment | 23 | €66 | €0 | -€66 | -100% |
| Furniture and vehicles | 24 | €35,034 | €26,798 | -€8,235 | -23.5% |
| Financial fixed assets | 28 | €1,687 | €1,687 | = | 0.0% |
| Current assets | 29/58 | €199,732 | €279,917 | +€80,185 | +40.1% |
| Amounts receivable within one year | 40/41 | €121,763 | €218,067 | +€96,304 | +79.1% |
| Trade receivables | 40 | €15,758 | €14,384 | -€1,374 | -8.7% |
| Other amounts receivable | 41 | €106,006 | €203,684 | +€97,678 | +92.1% |
| Cash at bank and in hand | 54/58 | €77,969 | €61,850 | -€16,119 | -20.7% |
| Total equity and liabilities | 10/49 | €236,519 | €308,402 | +€71,883 | +30.4% |
| Equity | 10/15 | €216,224 | €273,934 | +€57,710 | +26.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €181,820 | €261,534 | +€79,714 | +43.8% |
| Distributable reserves | 133 | €181,820 | €261,534 | +€79,714 | +43.8% |
| Profit (loss) carried forward | 14 | €22,004 | €0 | -€22,004 | -100% |
| Amounts payable | 17/49 | €20,295 | €34,469 | +€14,174 | +69.8% |
| Amounts payable within one year | 42/48 | €18,939 | €34,469 | +€15,529 | +82.0% |
| Trade debts | 44 | €629 | €535 | -€93 | -14.8% |
| Suppliers | 440/4 | €629 | €535 | -€93 | -14.8% |
| Taxes, remuneration and social security | 45 | €14,307 | €16,750 | +€2,443 | +17.1% |
| Taxes | 450/3 | €14,307 | €16,750 | +€2,443 | +17.1% |
| Other amounts payable | 47/48 | €4,004 | €17,184 | +€13,179 | +329% |
| Accrued charges and deferred income | 492/3 | €1,355 | €0 | -€1,355 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,462 | €8,302 | +€1,840 | +28.5% |
| Other operating charges | 640/8 | €5,550 | €642 | -€4,908 | -88.4% |
| Gross operating margin | 9900 | €71,884 | €89,301 | +€17,417 | +24.2% |
| Operating profit (loss) | 9901 | €59,872 | €80,358 | +€20,486 | +34.2% |
| Financial charges | 65/66B | €261 | €45 | -€216 | -82.8% |
| Recurring financial charges | 65 | €261 | €45 | -€216 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | €59,611 | €80,313 | +€20,702 | +34.7% |
| Income taxes | 67/77 | €19,717 | €22,603 | +€2,886 | +14.6% |
| Profit (loss) for the period | 9904 | €39,894 | €57,710 | +€17,816 | +44.7% |
| Profit (loss) for the period to be appropriated | 9905 | €39,894 | €57,710 | +€17,816 | +44.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.