ISTVAN: 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.
ISTVAN
Largest movements
- Tangible fixed assets +€136,534
up €136,534 (+1,859%), from €7,344 to €143,878
of which Land and buildings: +€133,965
- Cash -€18,426
down €18,426 (-55.5%), from €33,180 to €14,754
mainly Investment in fixed assets (net) (-€153,344) and Net result for the year (-€2,209)
- Debts after one year +€113,042
new in 2025: €113,042
- Current portion of long-term debt +€6,376
new in 2025: €6,376
- Profit (loss) carried forward -€2,209
down €2,209 (-17.7%), from €12,493 to €10,284
- Depreciation +€13,603
up €13,603 (+424%), from €3,207 to €16,810
- Gross operating margin +€11,149
up €11,149 (+274%), from €4,068 to €15,217
- Financial charges +€385
up €385 (+5,500%), from €7 to €392
- Other operating charges -€365
down €365 (-62.0%), from €589 to €224
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 | €45,077 | €161,674 | +€116,597 | +259% |
| Fixed assets | 21/28 | €7,344 | €143,878 | +€136,534 | +1,859% |
| Tangible fixed assets | 22/27 | €7,344 | €143,878 | +€136,534 | +1,859% |
| Land and buildings | 22 | - | €133,965 | +€133,965 | |
| Plant, machinery and equipment | 23 | €6,723 | €9,520 | +€2,797 | +41.6% |
| Furniture and vehicles | 24 | €621 | €393 | -€228 | -36.7% |
| Current assets | 29/58 | €37,733 | €17,796 | -€19,937 | -52.8% |
| Amounts receivable within one year | 40/41 | €4,553 | €3,042 | -€1,511 | -33.2% |
| Trade receivables | 40 | €1,220 | €2,375 | +€1,155 | +94.7% |
| Other amounts receivable | 41 | €3,333 | €667 | -€2,666 | -80.0% |
| Cash at bank and in hand | 54/58 | €33,180 | €14,754 | -€18,426 | -55.5% |
| Total equity and liabilities | 10/49 | €45,077 | €161,674 | +€116,597 | +259% |
| Equity | 10/15 | €14,493 | €12,284 | -€2,209 | -15.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,493 | €10,284 | -€2,209 | -17.7% |
| Amounts payable | 17/49 | €30,584 | €149,390 | +€118,806 | +388% |
| Amounts payable after more than one year | 17 | - | €113,042 | +€113,042 | |
| Financial debts | 170/4 | - | €113,042 | +€113,042 | |
| Amounts payable within one year | 42/48 | €30,584 | €36,348 | +€5,764 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | - | €6,376 | +€6,376 | |
| Trade debts | 44 | - | €136 | +€136 | |
| Suppliers | 440/4 | - | €136 | +€136 | |
| Taxes, remuneration and social security | 45 | €748 | - | -€748 | |
| Taxes | 450/3 | €748 | - | -€748 | |
| Other amounts payable | 47/48 | €29,836 | €29,836 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,207 | €16,810 | +€13,603 | +424% |
| Other operating charges | 640/8 | €589 | €224 | -€365 | -62.0% |
| Gross operating margin | 9900 | €4,068 | €15,217 | +€11,149 | +274% |
| Operating profit (loss) | 9901 | €272 | -€1,817 | -€2,089 | |
| Financial charges | 65/66B | €7 | €392 | +€385 | +5,500% |
| Recurring financial charges | 65 | €7 | €392 | +€385 | +5,500% |
| Profit (loss) for the period before taxes | 9903 | €265 | -€2,209 | -€2,474 | |
| Income taxes | 67/77 | €53 | - | -€53 | |
| Profit (loss) for the period | 9904 | €212 | -€2,209 | -€2,421 | |
| Profit (loss) for the period to be appropriated | 9905 | €212 | -€2,209 | -€2,421 |
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 14 October 2026 via checked.be.