2isy: 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.
2isy
Largest movements
- Intangible fixed assets +€58,948
new in 2025: €58,948
- Cash -€29,702
down €29,702 (-52.3%), from €56,808 to €27,106
mainly Investment in fixed assets (net) (-€72,941) and Trade debts (-€20,735)
- Tangible fixed assets +€12,879
up €12,879 (+286.6%), from €4,493 to €17,373
- Formation expenses -€4,059
no longer reported in 2025 (was €4,059)
- Reserves +€48,992
new in 2025: €48,992
- Trade debts -€20,735
down €20,735 (-25.3%), from €82,097 to €61,362
- Tax, wage and social debts +€9,757
up €9,757 (+342358.2%), from €3 to €9,760
- Gross operating margin +€65,788
up €65,788 (+5937.8%), from €1,108 to €66,896
- Taxes +€11,757
up €11,757 (+412533.7%), from €3 to €11,760
- Depreciation +€4,666
up €4,666 (+920.5%), from €507 to €5,173
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €202,112 | €240,114 | +€38,002 | +18.8% |
| Formation expenses | 20 | €4,059 | - | -€4,059 | |
| Fixed assets | 21/28 | €4,493 | €76,321 | +€71,827 | +1598.6% |
| Intangible fixed assets | 21 | - | €58,948 | +€58,948 | |
| Tangible fixed assets | 22/27 | €4,493 | €17,373 | +€12,879 | +286.6% |
| Plant, machinery and equipment | 23 | €4,493 | €17,373 | +€12,879 | +286.6% |
| Current assets | 29/58 | €193,560 | €163,794 | -€29,766 | -15.4% |
| Stocks and contracts in progress | 3 | €135,520 | €136,599 | +€1,079 | +0.8% |
| Stocks | 30/36 | €135,520 | €136,599 | +€1,079 | +0.8% |
| Amounts receivable within one year | 40/41 | €1,232 | €89 | -€1,143 | -92.8% |
| Other amounts receivable | 41 | €1,232 | €89 | -€1,143 | -92.8% |
| Cash at bank and in hand | 54/58 | €56,808 | €27,106 | -€29,702 | -52.3% |
| Total equity and liabilities | 10/49 | €202,112 | €240,114 | +€38,002 | +18.8% |
| Equity | 10/15 | €20,011 | €68,992 | +€48,980 | +244.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €48,992 | +€48,992 | |
| Distributable reserves | 133 | - | €48,992 | +€48,992 | |
| Profit (loss) carried forward | 14 | €11 | - | -€11 | |
| Amounts payable | 17/49 | €182,100 | €171,123 | -€10,978 | -6.0% |
| Amounts payable within one year | 42/48 | €182,100 | €171,123 | -€10,978 | -6.0% |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 439 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €82,097 | €61,362 | -€20,735 | -25.3% |
| Suppliers | 440/4 | €82,097 | €61,362 | -€20,735 | -25.3% |
| Taxes, remuneration and social security | 45 | €3 | €9,760 | +€9,757 | +342358.2% |
| Taxes | 450/3 | €3 | €9,760 | +€9,757 | +342358.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €507 | €5,173 | +€4,666 | +920.5% |
| Other operating charges | 640/8 | €492 | €255 | -€237 | -48.2% |
| Gross operating margin | 9900 | €1,108 | €66,896 | +€65,788 | +5937.8% |
| Operating profit (loss) | 9901 | €109 | €61,469 | +€61,360 | +56298.5% |
| Financial charges | 65/66B | €95 | €728 | +€634 | +668.9% |
| Recurring financial charges | 65 | €95 | €728 | +€634 | +668.9% |
| Profit (loss) for the period before taxes | 9903 | €14 | €60,740 | +€60,726 | +426147.2% |
| Income taxes | 67/77 | €3 | €11,760 | +€11,757 | +412533.7% |
| Profit (loss) for the period | 9904 | €11 | €48,980 | +€48,969 | +429550.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11 | €48,980 | +€48,969 | +429550.5% |
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 4 October 2026 via checked.be.