I.S. CONSULT: 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.
What changed
I.S. CONSULT
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€19,351
2024 · €6,766-€26,117
Equity
€185,995
2024 · €205,345-€19,351
Cash
€16,743
2024 · €917+€15,827
Balance sheet total
€2.0m
2024 · €924,145+€1.1m
Largest movements
Assets
- Stocks and contracts +€1.1m
up €1.1m (+238%), from €470,876 to €1.6m
Equity and liabilities
- Short-term financial debts +€1.2m
new in 2025: €1.2m
- Debts after one year -€29,529
down €29,529 (-18.9%), from €155,944 to €126,415
Income statement
- Financial charges +€26,517
up €26,517 (+450%), from €5,897 to €32,414
- Gross operating margin -€4,086
down €4,086 (-11.5%), from €35,626 to €31,541
- Taxes -€4,009
no longer reported in 2025 (was €4,009)
- Other operating charges -€477
down €477 (-12.4%), from €3,855 to €3,378
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
€6,766
Gross operating margin
-€4,086
Other operating charges
+€477
Financial income
+€0
Financial charges
-€26,517
Taxes
+€4,009
Result 2025
-€19,351
raises the resultlowers the result
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.
From operations
-€1.1m
Investment
€0
Financing
+€1.2m
Cash 2024
€917
From operations (derived)
-€1.1m
Net result for the year
-€19,351
Depreciation
+€16,434
Stocks and contracts
-€1.1m
Receivables within one year
-€6,925
Smaller working-capital items
-€1,414
Trade debts
-€4,706
Tax, wage and social debts
-€4,009
Other debts
-€3,437
Financing
+€1.2m
Debts after one year
-€29,529
Current portion of long-term debt
+€865
Short-term financial debts
+€1.2m
Cash 2025
€16,743
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €924,145 | €2,049,844 | +€1.1m | +122% |
| Fixed assets | 21/28 | €365,964 | €349,529 | -€16,434 | -4.5% |
| Tangible fixed assets | 22/27 | €365,964 | €349,529 | -€16,434 | -4.5% |
| Land and buildings | 22 | €365,964 | €349,529 | -€16,434 | -4.5% |
| Current assets | 29/58 | €558,181 | €1,700,314 | +€1.1m | +205% |
| Stocks and contracts in progress | 3 | €470,876 | €1,590,178 | +€1.1m | +238% |
| Stocks | 30/36 | €470,876 | €1,590,178 | +€1.1m | +238% |
| Amounts receivable within one year | 40/41 | €84,758 | €91,683 | +€6,925 | +8.2% |
| Trade receivables | 40 | - | €3,678 | +€3,678 | |
| Other amounts receivable | 41 | €84,758 | €88,005 | +€3,247 | +3.8% |
| Cash at bank and in hand | 54/58 | €917 | €16,743 | +€15,827 | +1,726% |
| Deferred charges and accrued income | 490/1 | €1,630 | €1,710 | +€79 | +4.9% |
| Total equity and liabilities | 10/49 | €924,145 | €2,049,844 | +€1.1m | +122% |
| Equity | 10/15 | €205,345 | €185,995 | -€19,351 | -9.4% |
| Contributions | 10/11 | €8,059 | €8,059 | = | 0.0% |
| Reserves | 13 | €93,216 | €89,382 | -€3,834 | -4.1% |
| Tax-exempt reserves | 132 | €93,216 | €89,382 | -€3,834 | -4.1% |
| Profit (loss) carried forward | 14 | €104,070 | €88,553 | -€15,517 | -14.9% |
| Provisions and deferred taxes | 16 | €30,844 | €29,509 | -€1,335 | -4.3% |
| Deferred taxes | 168 | €30,844 | €29,509 | -€1,335 | -4.3% |
| Amounts payable | 17/49 | €687,956 | €1,834,340 | +€1.1m | +167% |
| Amounts payable after more than one year | 17 | €155,944 | €126,415 | -€29,529 | -18.9% |
| Financial debts | 170/4 | €155,944 | €126,415 | -€29,529 | -18.9% |
| Amounts payable within one year | 42/48 | €532,012 | €1,707,925 | +€1.2m | +221% |
| Current portion of amounts payable after more than one year | 42 | €28,663 | €29,529 | +€865 | +3.0% |
| Financial debts | 43 | - | €1,187,200 | +€1.2m | |
| Credit institutions | 430/8 | - | €1,187,200 | +€1.2m | |
| Trade debts | 44 | €5,902 | €1,196 | -€4,706 | -79.7% |
| Suppliers | 440/4 | €5,902 | €1,196 | -€4,706 | -79.7% |
| Taxes, remuneration and social security | 45 | €4,009 | - | -€4,009 | |
| Taxes | 450/3 | €4,009 | - | -€4,009 | |
| Other amounts payable | 47/48 | €493,437 | €490,000 | -€3,437 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,434 | €16,434 | = | 0.0% |
| Other operating charges | 640/8 | €3,855 | €3,378 | -€477 | -12.4% |
| Gross operating margin | 9900 | €35,626 | €31,541 | -€4,086 | -11.5% |
| Operating profit (loss) | 9901 | €15,337 | €11,728 | -€3,608 | -23.5% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €5,897 | €32,414 | +€26,517 | +450% |
| Recurring financial charges | 65 | €5,897 | €32,414 | +€26,517 | +450% |
| Profit (loss) for the period before taxes | 9903 | €9,440 | -€20,686 | -€30,125 | |
| Transfer from deferred taxes | 780 | €1,335 | €1,335 | = | 0.0% |
| Income taxes | 67/77 | €4,009 | - | -€4,009 | |
| Profit (loss) for the period | 9904 | €6,766 | -€19,351 | -€26,117 | |
| Transfer from tax-exempt reserves | 789 | €3,834 | €3,834 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,600 | -€15,517 | -€26,117 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.