IUSTA INVEST: what changed
IUSTA INVEST
Largest movements
- Cash +€116,044
up €116,044 (+35.3%), from €329,190 to €445,234
mainly Net result for the year (+€182,982) and Depreciation (+€69,141)
- Receivables within one year +€103,835
up €103,835 (+937%), from €11,086 to €114,921
of which Other amounts receivable: +€103,505
- Tangible fixed assets -€68,424
down €68,424 (-3.7%), from €1.8m to €1.8m
of which Land and buildings: -€51,255
- Reserves +€182,982
up €182,982 (+32.5%), from €562,896 to €745,878
of which Distributable reserves: +€182,982
- Debts after one year -€72,484
down €72,484 (-5.6%), from €1.3m to €1.2m
- Current portion of long-term debt +€44,818
new in 2025: €44,818
- Trade debts -€31,539
down €31,539 (-88.9%), from €35,492 to €3,953
- Tax, wage and social debts +€28,106
up €28,106 (+38.8%), from €72,359 to €100,465
- Gross operating margin +€102,993
up €102,993 (+38.8%), from €265,342 to €368,335
- Depreciation -€98,679
down €98,679 (-58.8%), from €167,820 to €69,141
- Taxes +€51,030
up €51,030 (+466%), from €10,948 to €61,978
- Financial charges +€4,695
up €4,695 (+9.5%), from €49,483 to €54,178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,293,944 | €2,446,761 | +€152,817 | +6.7% |
| Fixed assets | 21/28 | €1,950,742 | €1,882,318 | -€68,424 | -3.5% |
| Tangible fixed assets | 22/27 | €1,842,213 | €1,773,789 | -€68,424 | -3.7% |
| Land and buildings | 22 | €1,773,679 | €1,722,424 | -€51,255 | -2.9% |
| Furniture and vehicles | 24 | €68,534 | €51,365 | -€17,169 | -25.1% |
| Financial fixed assets | 28 | €108,529 | €108,529 | = | 0.0% |
| Current assets | 29/58 | €343,202 | €564,443 | +€221,241 | +64.5% |
| Amounts receivable within one year | 40/41 | €11,086 | €114,921 | +€103,835 | +937% |
| Trade receivables | 40 | €9,130 | €9,460 | +€330 | +3.6% |
| Other amounts receivable | 41 | €1,956 | €105,461 | +€103,505 | +5,292% |
| Cash at bank and in hand | 54/58 | €329,190 | €445,234 | +€116,044 | +35.3% |
| Deferred charges and accrued income | 490/1 | €2,926 | €4,288 | +€1,362 | +46.5% |
| Total equity and liabilities | 10/49 | €2,293,944 | €2,446,761 | +€152,817 | +6.7% |
| Equity | 10/15 | €890,896 | €1,073,878 | +€182,982 | +20.5% |
| Contributions | 10/11 | €328,000 | €328,000 | = | 0.0% |
| Capital | 10 | €328,000 | €328,000 | = | 0.0% |
| Issued capital | 100 | €328,000 | €328,000 | = | 0.0% |
| Reserves | 13 | €562,896 | €745,878 | +€182,982 | +32.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €556,696 | €739,678 | +€182,982 | +32.9% |
| Amounts payable | 17/49 | €1,403,048 | €1,372,883 | -€30,165 | -2.1% |
| Amounts payable after more than one year | 17 | €1,295,197 | €1,222,713 | -€72,484 | -5.6% |
| Financial debts | 170/4 | €1,295,197 | €1,222,713 | -€72,484 | -5.6% |
| Amounts payable within one year | 42/48 | €107,851 | €150,170 | +€42,319 | +39.2% |
| Current portion of amounts payable after more than one year | 42 | - | €44,818 | +€44,818 | |
| Financial debts | 43 | - | €934 | +€934 | |
| Credit institutions | 430/8 | - | €934 | +€934 | |
| Trade debts | 44 | €35,492 | €3,953 | -€31,539 | -88.9% |
| Suppliers | 440/4 | €35,492 | €3,953 | -€31,539 | -88.9% |
| Taxes, remuneration and social security | 45 | €72,359 | €100,465 | +€28,106 | +38.8% |
| Taxes | 450/3 | €72,359 | €100,465 | +€28,106 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €167,820 | €69,141 | -€98,679 | -58.8% |
| Other operating charges | 640/8 | €5,814 | €3,560 | -€2,254 | -38.8% |
| Gross operating margin | 9900 | €265,342 | €368,335 | +€102,993 | +38.8% |
| Operating profit (loss) | 9901 | €91,708 | €295,634 | +€203,926 | +222% |
| Financial income | 75/76B | €175 | €3,504 | +€3,329 | +1,902% |
| Recurring financial income | 75 | €175 | €3,504 | +€3,329 | +1,902% |
| Financial charges | 65/66B | €49,483 | €54,178 | +€4,695 | +9.5% |
| Recurring financial charges | 65 | €49,483 | €54,178 | +€4,695 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | €42,400 | €244,960 | +€202,560 | +478% |
| Income taxes | 67/77 | €10,948 | €61,978 | +€51,030 | +466% |
| Profit (loss) for the period | 9904 | €31,452 | €182,982 | +€151,530 | +482% |
| Profit (loss) for the period to be appropriated | 9905 | €31,452 | €182,982 | +€151,530 | +482% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.