ISTV Management: 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.
ISTV Management
Largest movements
- Cash -€49,025
down €49,025 (-77.0%), from €63,683 to €14,658
mainly Tax, wage and social debts (-€68,053) and Trade debts (-€4,628)
- Receivables within one year -€15,674
down €15,674 (-15.3%), from €102,437 to €86,763
of which Other amounts receivable: -€15,462
- Tangible fixed assets +€1,682
up €1,682 (+95.1%), from €1,768 to €3,451
of which Furniture and vehicles: +€2,214
- Tax, wage and social debts -€68,053
down €68,053 (-54.8%), from €124,212 to €56,160
- Profit (loss) carried forward +€9,664
up €9,664 (+51.8%), from €18,646 to €28,310
- Trade debts -€4,628
no longer reported in 2025 (was €4,628)
- Gross operating margin +€48,532
up €48,532, from -€4,594 to €43,938
- Financial charges +€16,879
up €16,879 (+371%), from €4,555 to €21,435
- Taxes +€5,344
up €5,344 (+1,637%), from €327 to €5,671
- Other operating charges +€2,574
up €2,574 (+76.4%), from €3,370 to €5,944
- Depreciation +€811
up €811 (+196%), from €414 to €1,225
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 | €167,946 | €104,929 | -€63,017 | -37.5% |
| Fixed assets | 21/28 | €1,768 | €3,451 | +€1,682 | +95.1% |
| Tangible fixed assets | 22/27 | €1,768 | €3,451 | +€1,682 | +95.1% |
| Plant, machinery and equipment | 23 | €1,768 | €1,237 | -€531 | -30.0% |
| Furniture and vehicles | 24 | - | €2,214 | +€2,214 | |
| Current assets | 29/58 | €166,178 | €101,479 | -€64,699 | -38.9% |
| Amounts receivable within one year | 40/41 | €102,437 | €86,763 | -€15,674 | -15.3% |
| Trade receivables | 40 | €27,745 | €27,532 | -€213 | -0.8% |
| Other amounts receivable | 41 | €74,692 | €59,230 | -€15,462 | -20.7% |
| Current investments | 50/53 | €58 | €59 | +€0 | +0.5% |
| Cash at bank and in hand | 54/58 | €63,683 | €14,658 | -€49,025 | -77.0% |
| Total equity and liabilities | 10/49 | €167,946 | €104,929 | -€63,017 | -37.5% |
| Equity | 10/15 | €39,106 | €48,770 | +€9,664 | +24.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,646 | €28,310 | +€9,664 | +51.8% |
| Amounts payable | 17/49 | €128,840 | €56,160 | -€72,681 | -56.4% |
| Amounts payable within one year | 42/48 | €128,840 | €56,160 | -€72,681 | -56.4% |
| Trade debts | 44 | €4,628 | - | -€4,628 | |
| Suppliers | 440/4 | €4,628 | - | -€4,628 | |
| Taxes, remuneration and social security | 45 | €124,212 | €56,160 | -€68,053 | -54.8% |
| Taxes | 450/3 | €124,212 | €56,160 | -€68,053 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €414 | €1,225 | +€811 | +196% |
| Other operating charges | 640/8 | €3,370 | €5,944 | +€2,574 | +76.4% |
| Gross operating margin | 9900 | -€4,594 | €43,938 | +€48,532 | |
| Operating profit (loss) | 9901 | -€8,378 | €36,769 | +€45,147 | |
| Financial income | 75/76B | €0 | €0 | +€0 | +139% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +139% |
| Financial charges | 65/66B | €4,555 | €21,435 | +€16,879 | +371% |
| Recurring financial charges | 65 | €4,555 | €21,435 | +€16,879 | +371% |
| Profit (loss) for the period before taxes | 9903 | -€12,934 | €15,334 | +€28,268 | |
| Income taxes | 67/77 | €327 | €5,671 | +€5,344 | +1,637% |
| Profit (loss) for the period | 9904 | -€13,260 | €9,664 | +€22,924 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,260 | €9,664 | +€22,924 |
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.