I.S.C. TEAM: what changed
I.S.C. TEAM
Largest movements
- Receivables within one year +€127,884
up €127,884 (+100%), from €127,677 to €255,561
of which Other amounts receivable: +€89,479
- Tangible fixed assets +€50,847
up €50,847 (+105%), from €48,427 to €99,274
of which Plant, machinery and equipment: +€27,048
- Cash -€15,160
down €15,160 (-20.4%), from €74,234 to €59,074
mainly Receivables within one year (-€127,884) and Investment in fixed assets (net) (-€69,800)
- Profit (loss) carried forward +€64,545
up €64,545 (+860%), from €7,507 to €72,052
- Debts after one year +€62,438
up €62,438 (+150%), from €41,742 to €104,180
- Advances received +€28,817
up €28,817 (+222%), from €12,966 to €41,783
- Trade debts +€17,625
up €17,625 (+31.1%), from €56,595 to €74,220
- Current portion of long-term debt +€15,686
up €15,686 (+130%), from €12,094 to €27,780
- Gross operating margin +€80,680
up €80,680 (+149%), from €54,023 to €134,703
- Taxes +€16,734
up €16,734 (+136%), from €12,309 to €29,043
- Depreciation +€14,600
up €14,600 (+335%), from €4,353 to €18,953
- Other operating charges +€9,529
up €9,529 (+1,115%), from €854 to €10,383
- Financial charges +€6,205
up €6,205 (+328%), from €1,893 to €8,098
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 | €250,455 | €414,025 | +€163,571 | +65.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €48,507 | €99,354 | +€50,847 | +105% |
| Tangible fixed assets | 22/27 | €48,427 | €99,274 | +€50,847 | +105% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €10,447 | €37,495 | +€27,048 | +259% |
| Furniture and vehicles | 24 | €37,980 | €61,780 | +€23,800 | +62.7% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €201,948 | €314,671 | +€112,723 | +55.8% |
| Amounts receivable within one year | 40/41 | €127,677 | €255,561 | +€127,884 | +100% |
| Trade receivables | 40 | €93,855 | €132,260 | +€38,405 | +40.9% |
| Other amounts receivable | 41 | €33,822 | €123,301 | +€89,479 | +265% |
| Cash at bank and in hand | 54/58 | €74,234 | €59,074 | -€15,160 | -20.4% |
| Deferred charges and accrued income | 490/1 | €36 | €36 | = | 0.0% |
| Total equity and liabilities | 10/49 | €250,455 | €414,025 | +€163,571 | +65.3% |
| Equity | 10/15 | €20,067 | €84,612 | +€64,545 | +322% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €6,360 | €6,360 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,507 | €72,052 | +€64,545 | +860% |
| Amounts payable | 17/49 | €230,387 | €329,413 | +€99,026 | +43.0% |
| Amounts payable after more than one year | 17 | €41,742 | €104,180 | +€62,438 | +150% |
| Financial debts | 170/4 | €41,742 | €104,180 | +€62,438 | +150% |
| Amounts payable within one year | 42/48 | €125,176 | €176,483 | +€51,307 | +41.0% |
| Current portion of amounts payable after more than one year | 42 | €12,094 | €27,780 | +€15,686 | +130% |
| Trade debts | 44 | €56,595 | €74,220 | +€17,625 | +31.1% |
| Suppliers | 440/4 | €56,595 | €74,220 | +€17,625 | +31.1% |
| Advances received on contracts in progress | 46 | €12,966 | €41,783 | +€28,817 | +222% |
| Taxes, remuneration and social security | 45 | €43,521 | €32,700 | -€10,821 | -24.9% |
| Taxes | 450/3 | €42,126 | €31,294 | -€10,832 | -25.7% |
| Remuneration and social security | 454/9 | €1,395 | €1,406 | +€11 | +0.8% |
| Accrued charges and deferred income | 492/3 | €63,469 | €48,750 | -€14,719 | -23.2% |
| Remuneration, social security and pensions | 62 | €7,880 | €3,684 | -€4,196 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,353 | €18,953 | +€14,600 | +335% |
| Other operating charges | 640/8 | €854 | €10,383 | +€9,529 | +1,115% |
| Gross operating margin | 9900 | €54,023 | €134,703 | +€80,680 | +149% |
| Operating profit (loss) | 9901 | €40,936 | €101,684 | +€60,748 | +148% |
| Financial income | 75/76B | €1 | €2 | +€1 | +69.5% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +69.5% |
| Financial charges | 65/66B | €1,893 | €8,098 | +€6,205 | +328% |
| Recurring financial charges | 65 | €1,893 | €8,098 | +€6,205 | +328% |
| Profit (loss) for the period before taxes | 9903 | €39,044 | €93,588 | +€54,544 | +140% |
| Income taxes | 67/77 | €12,309 | €29,043 | +€16,734 | +136% |
| Profit (loss) for the period | 9904 | €26,735 | €64,545 | +€37,810 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €26,735 | €64,545 | +€37,810 | +141% |
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 1 November 2026 via checked.be.