Maison ISTACE: 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.
Maison ISTACE
Largest movements
- Receivables within one year -€37,507
down €37,507 (-50.1%), from €74,939 to €37,432
of which Trade receivables: -€29,628
- Cash -€37,503
down €37,503 (-45.5%), from €82,398 to €44,895
mainly Investment in fixed assets (net) (-€105,686) and Advances received (-€89,159)
- Advances received -€89,159
no longer reported in 2024 (was €89,159)
- Other debts -€34,862
down €34,862 (-25.6%), from €136,221 to €101,358
- Current portion of long-term debt -€26,974
down €26,974 (-35.2%), from €76,672 to €49,699
- Reserves +€26,495
up €26,495 (+121%), from €21,900 to €48,395
of which Distributable reserves: +€26,495
- Trade debts +€25,977
up €25,977 (+2,954%), from €879 to €26,856
- Gross operating margin +€41,255
up €41,255 (+24.2%), from €170,433 to €211,688
- Depreciation +€13,822
up €13,822 (+15.5%), from €89,238 to €103,060
- Taxes +€5,696
up €5,696 (+999%), from €570 to €6,266
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,118,806 | €1,050,013 | -€68,793 | -6.1% |
| Fixed assets | 21/28 | €875,773 | €878,399 | +€2,627 | +0.3% |
| Tangible fixed assets | 22/27 | €875,773 | €878,399 | +€2,627 | +0.3% |
| Land and buildings | 22 | €780,592 | €752,395 | -€28,197 | -3.6% |
| Plant, machinery and equipment | 23 | €58,989 | €74,635 | +€15,647 | +26.5% |
| Furniture and vehicles | 24 | €27,000 | €27,651 | +€650 | +2.4% |
| Leasing and similar rights | 25 | €9,192 | €23,718 | +€14,526 | +158% |
| Current assets | 29/58 | €243,033 | €171,614 | -€71,420 | -29.4% |
| Stocks and contracts in progress | 3 | €85,696 | €89,287 | +€3,591 | +4.2% |
| Stocks | 30/36 | €85,696 | €89,287 | +€3,591 | +4.2% |
| Amounts receivable within one year | 40/41 | €74,939 | €37,432 | -€37,507 | -50.1% |
| Trade receivables | 40 | €61,877 | €32,249 | -€29,628 | -47.9% |
| Other amounts receivable | 41 | €13,062 | €5,182 | -€7,879 | -60.3% |
| Cash at bank and in hand | 54/58 | €82,398 | €44,895 | -€37,503 | -45.5% |
| Total equity and liabilities | 10/49 | €1,118,806 | €1,050,013 | -€68,793 | -6.1% |
| Equity | 10/15 | €360,366 | €398,195 | +€37,829 | +10.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,900 | €48,395 | +€26,495 | +121% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €15,700 | €42,195 | +€26,495 | +169% |
| Profit (loss) carried forward | 14 | €258,006 | €258,007 | +€1 | 0.0% |
| Investment grants | 15 | €18,459 | €29,793 | +€11,333 | +61.4% |
| Amounts payable | 17/49 | €758,440 | €651,818 | -€106,622 | -14.1% |
| Amounts payable after more than one year | 17 | €439,583 | €444,880 | +€5,297 | +1.2% |
| Financial debts | 170/4 | €439,583 | €444,880 | +€5,297 | +1.2% |
| Amounts payable within one year | 42/48 | €310,919 | €198,069 | -€112,850 | -36.3% |
| Current portion of amounts payable after more than one year | 42 | €76,672 | €49,699 | -€26,974 | -35.2% |
| Financial debts | 43 | - | €1,622 | +€1,622 | |
| Credit institutions | 430/8 | - | €1,622 | +€1,622 | |
| Trade debts | 44 | €879 | €26,856 | +€25,977 | +2,954% |
| Suppliers | 440/4 | €879 | €26,856 | +€25,977 | +2,954% |
| Advances received on contracts in progress | 46 | €89,159 | - | -€89,159 | |
| Taxes, remuneration and social security | 45 | €7,988 | €18,534 | +€10,546 | +132% |
| Taxes | 450/3 | €1,570 | €10,722 | +€9,152 | +583% |
| Remuneration and social security | 454/9 | €6,418 | €7,812 | +€1,394 | +21.7% |
| Other amounts payable | 47/48 | €136,221 | €101,358 | -€34,862 | -25.6% |
| Accrued charges and deferred income | 492/3 | €7,938 | €8,869 | +€931 | +11.7% |
| Non-recurring operating income | 76A | €542 | - | -€542 | |
| Remuneration, social security and pensions | 62 | €47,369 | €48,477 | +€1,107 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,238 | €103,060 | +€13,822 | +15.5% |
| Other operating charges | 640/8 | €6,992 | €7,782 | +€789 | +11.3% |
| Non-recurring operating charges | 66A | €1,650 | - | -€1,650 | |
| Gross operating margin | 9900 | €170,433 | €211,688 | +€41,255 | +24.2% |
| Operating profit (loss) | 9901 | €25,184 | €52,370 | +€27,186 | +108% |
| Financial income | 75/76B | €5 | €292 | +€286 | +5,289% |
| Recurring financial income | 75 | €5 | €292 | +€286 | +5,289% |
| Financial charges | 65/66B | €18,916 | €19,899 | +€983 | +5.2% |
| Recurring financial charges | 65 | €18,916 | €19,899 | +€983 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €6,273 | €32,762 | +€26,489 | +422% |
| Income taxes | 67/77 | €570 | €6,266 | +€5,696 | +999% |
| Profit (loss) for the period | 9904 | €5,703 | €26,496 | +€20,793 | +365% |
| Profit (loss) for the period to be appropriated | 9905 | €5,703 | €26,496 | +€20,793 | +365% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.