l'Institut: what changed
Two fiscal 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.
What changed
l'Institut
NACE 96.220, Beauty care and other beauty treatments
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€269
2024 · -€12,356+€12,087
Equity
-€26,378
2024 · -€26,109-€269
Cash
€1,486
2024 · €3,048-€1,562
Balance sheet total
€265,917
2024 · €274,143-€8,226
Largest movements
Assets
- Tangible fixed assets -€9,101
down €9,101 (-3.6%), from €253,843 to €244,742
of which Land and buildings: -€12,698
- Deferred charges and accrued income +€2,908
up €2,908 (+309.2%), from €940 to €3,848
Equity and liabilities
- Debts after one year -€19,631
down €19,631 (-8.3%), from €235,871 to €216,240
- Tax, wage and social debts +€6,230
up €6,230 (+19.9%), from €31,305 to €37,535
of which Remuneration and social security: +€5,512
- Current portion of long-term debt +€5,071
up €5,071 (+24.2%), from €20,959 to €26,030
Income statement
- Staff costs -€9,633
down €9,633 (-10.0%), from €95,980 to €86,346
- Gross operating margin +€4,029
up €4,029 (+3.6%), from €110,431 to €114,460
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.
Result 2024
-€12,356
Gross operating margin
+€4,029
Staff costs
+€9,633
Depreciation
-€417
Other operating charges
-€1,141
Financial income
+€6
Financial charges
-€24
Result 2025
-€269
Cash bridge derived
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.
From operations
+€21,543
Investment
-€8,900
Financing
-€14,205
Cash 2024
€3,048
From operations (derived)
+€21,543
Net result for the year
-€269
Depreciation
+€18,001
Stocks and contracts
+€586
Receivables within one year
-€116
Deferred charges and accrued income
-€2,908
Trade debts
-€1,427
Tax, wage and social debts
+€6,230
Other debts
+€1,594
Accrued charges and deferred income
-€148
Investment (derived)
-€8,900
Investment in fixed assets (net)
-€8,900
Financing
-€14,205
Debts after one year
-€19,631
Current portion of long-term debt
+€5,071
Short-term financial debts
+€355
Cash 2025
€1,486
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €274,143 | €265,917 | -€8,226 | -3.0% |
| Fixed assets | 21/28 | €255,765 | €246,664 | -€9,101 | -3.6% |
| Intangible fixed assets | 21 | €1,807 | €1,807 | = | 0.0% |
| Tangible fixed assets | 22/27 | €253,843 | €244,742 | -€9,101 | -3.6% |
| Land and buildings | 22 | €232,758 | €220,060 | -€12,698 | -5.5% |
| Plant, machinery and equipment | 23 | €14,691 | €21,305 | +€6,614 | +45.0% |
| Furniture and vehicles | 24 | €6,395 | €3,376 | -€3,018 | -47.2% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €18,377 | €19,253 | +€876 | +4.8% |
| Stocks and contracts in progress | 3 | €13,865 | €13,279 | -€586 | -4.2% |
| Stocks | 30/36 | €13,865 | €13,279 | -€586 | -4.2% |
| Amounts receivable within one year | 40/41 | €524 | €640 | +€116 | +22.1% |
| Trade receivables | 40 | €524 | €635 | +€111 | +21.1% |
| Other amounts receivable | 41 | €0 | €5 | +€5 | |
| Cash at bank and in hand | 54/58 | €3,048 | €1,486 | -€1,562 | -51.3% |
| Deferred charges and accrued income | 490/1 | €940 | €3,848 | +€2,908 | +309.2% |
| Total equity and liabilities | 10/49 | €274,143 | €265,917 | -€8,226 | -3.0% |
| Equity | 10/15 | -€26,109 | -€26,378 | -€269 | -1.0% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,609 | -€32,878 | -€269 | -0.8% |
| Amounts payable | 17/49 | €300,251 | €292,295 | -€7,956 | -2.6% |
| Amounts payable after more than one year | 17 | €235,871 | €216,240 | -€19,631 | -8.3% |
| Financial debts | 170/4 | €235,871 | €216,240 | -€19,631 | -8.3% |
| Amounts payable within one year | 42/48 | €64,232 | €76,055 | +€11,823 | +18.4% |
| Current portion of amounts payable after more than one year | 42 | €20,959 | €26,030 | +€5,071 | +24.2% |
| Financial debts | 43 | €2,576 | €2,931 | +€355 | +13.8% |
| Credit institutions | 430/8 | €2,576 | €2,931 | +€355 | +13.8% |
| Trade debts | 44 | €9,345 | €7,918 | -€1,427 | -15.3% |
| Suppliers | 440/4 | €9,345 | €7,918 | -€1,427 | -15.3% |
| Taxes, remuneration and social security | 45 | €31,305 | €37,535 | +€6,230 | +19.9% |
| Taxes | 450/3 | €15,964 | €16,683 | +€718 | +4.5% |
| Remuneration and social security | 454/9 | €15,340 | €20,852 | +€5,512 | +35.9% |
| Other amounts payable | 47/48 | €48 | €1,641 | +€1,594 | +3340.1% |
| Accrued charges and deferred income | 492/3 | €148 | €0 | -€148 | -100.0% |
| Remuneration, social security and pensions | 62 | €95,980 | €86,346 | -€9,633 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,584 | €18,001 | +€417 | +2.4% |
| Other operating charges | 640/8 | €2,997 | €4,139 | +€1,141 | +38.1% |
| Gross operating margin | 9900 | €110,431 | €114,460 | +€4,029 | +3.6% |
| Operating profit (loss) | 9901 | -€6,130 | €5,974 | +€12,104 | |
| Financial income | 75/76B | €5 | €11 | +€6 | +122.0% |
| Recurring financial income | 75 | €5 | €11 | +€6 | +122.0% |
| Financial charges | 65/66B | €6,231 | €6,255 | +€24 | +0.4% |
| Recurring financial charges | 65 | €6,231 | €6,255 | +€24 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€12,356 | -€269 | +€12,087 | +97.8% |
| Profit (loss) for the period | 9904 | -€12,356 | -€269 | +€12,087 | +97.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,356 | -€269 | +€12,087 | +97.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.