Pierre ISTA: 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.
Pierre ISTA
Largest movements
- Tangible fixed assets -€61,217
down €61,217 (-9.9%), from €618,864 to €557,646
of which Plant, machinery and equipment: -€126,999
- Cash +€27,197
up €27,197 (+32.0%), from €84,920 to €112,117
mainly Depreciation (+€164,282) and Net result for the year (+€45,765)
- Receivables within one year +€18,901
up €18,901 (+26.2%), from €72,119 to €91,020
of which Trade receivables: +€17,547
- Reserves +€45,765
up €45,765 (+54.4%), from €84,197 to €129,962
of which Distributable reserves: +€45,765
- Debts after one year -€39,276
down €39,276 (-13.4%), from €293,962 to €254,686
- Trade debts -€14,398
down €14,398 (-41.7%), from €34,568 to €20,170
- Gross operating margin +€111,424
up €111,424 (+67.6%), from €164,787 to €276,211
- Taxes +€7,745
up €7,745 (+2,535%), from €306 to €8,050
- Staff costs +€6,936
up €6,936 (+19.3%), from €35,985 to €42,921
- Other operating charges +€5,026
up €5,026 (+197%), from €2,554 to €7,580
- Depreciation +€4,125
up €4,125 (+2.6%), from €160,157 to €164,282
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 | €781,563 | €767,623 | -€13,940 | -1.8% |
| Fixed assets | 21/28 | €618,864 | €557,646 | -€61,217 | -9.9% |
| Tangible fixed assets | 22/27 | €618,864 | €557,646 | -€61,217 | -9.9% |
| Land and buildings | 22 | €300,407 | €289,766 | -€10,641 | -3.5% |
| Plant, machinery and equipment | 23 | €207,623 | €80,623 | -€126,999 | -61.2% |
| Furniture and vehicles | 24 | €43,288 | €133,861 | +€90,573 | +209% |
| Leasing and similar rights | 25 | €65,931 | €51,782 | -€14,150 | -21.5% |
| Other tangible fixed assets | 26 | €1,614 | €1,614 | = | 0.0% |
| Current assets | 29/58 | €162,700 | €209,977 | +€47,277 | +29.1% |
| Amounts receivable within one year | 40/41 | €72,119 | €91,020 | +€18,901 | +26.2% |
| Trade receivables | 40 | €62,578 | €80,125 | +€17,547 | +28.0% |
| Other amounts receivable | 41 | €9,541 | €10,895 | +€1,354 | +14.2% |
| Cash at bank and in hand | 54/58 | €84,920 | €112,117 | +€27,197 | +32.0% |
| Deferred charges and accrued income | 490/1 | €5,660 | €6,840 | +€1,179 | +20.8% |
| Total equity and liabilities | 10/49 | €781,563 | €767,623 | -€13,940 | -1.8% |
| Equity | 10/15 | €308,489 | €352,120 | +€43,632 | +14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,197 | €129,962 | +€45,765 | +54.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €84,197 | €129,962 | +€45,765 | +54.4% |
| Profit (loss) carried forward | 14 | €182,887 | €182,054 | -€833 | -0.5% |
| Investment grants | 15 | €22,805 | €21,504 | -€1,301 | -5.7% |
| Amounts payable | 17/49 | €473,074 | €415,503 | -€57,572 | -12.2% |
| Amounts payable after more than one year | 17 | €293,962 | €254,686 | -€39,276 | -13.4% |
| Financial debts | 170/4 | €293,962 | €254,686 | -€39,276 | -13.4% |
| Amounts payable within one year | 42/48 | €178,595 | €160,817 | -€17,778 | -10.0% |
| Current portion of amounts payable after more than one year | 42 | €126,148 | €127,867 | +€1,718 | +1.4% |
| Trade debts | 44 | €34,568 | €20,170 | -€14,398 | -41.7% |
| Suppliers | 440/4 | €34,568 | €20,170 | -€14,398 | -41.7% |
| Taxes, remuneration and social security | 45 | €9,827 | €10,882 | +€1,055 | +10.7% |
| Taxes | 450/3 | €4,156 | €4,414 | +€258 | +6.2% |
| Remuneration and social security | 454/9 | €5,671 | €6,468 | +€797 | +14.1% |
| Other amounts payable | 47/48 | €8,051 | €1,898 | -€6,153 | -76.4% |
| Accrued charges and deferred income | 492/3 | €518 | €0 | -€518 | -100% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €35,985 | €42,921 | +€6,936 | +19.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,157 | €164,282 | +€4,125 | +2.6% |
| Other operating charges | 640/8 | €2,554 | €7,580 | +€5,026 | +197% |
| Non-recurring operating charges | 66A | €87 | €638 | +€551 | +634% |
| Gross operating margin | 9900 | €164,787 | €276,211 | +€111,424 | +67.6% |
| Operating profit (loss) | 9901 | -€33,996 | €60,789 | +€94,785 | |
| Financial income | 75/76B | €1,571 | €1,686 | +€116 | +7.4% |
| Recurring financial income | 75 | €1,571 | €1,686 | +€116 | +7.4% |
| Financial charges | 65/66B | €9,938 | €8,660 | -€1,278 | -12.9% |
| Recurring financial charges | 65 | €9,938 | €8,660 | -€1,278 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | -€42,363 | €53,816 | +€96,179 | |
| Income taxes | 67/77 | €306 | €8,050 | +€7,745 | +2,535% |
| Profit (loss) for the period | 9904 | -€42,669 | €45,765 | +€88,434 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,669 | €45,765 | +€88,434 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.