I.S ELEC: 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.
I.S ELEC
Largest movements
- Receivables within one year +€36,180
up €36,180 (+48.3%), from €74,962 to €111,142
of which Trade receivables: +€30,926
- Deferred charges and accrued income +€3,755
new in 2025: €3,755
- Tangible fixed assets +€2,789
up €2,789 (+12.7%), from €21,879 to €24,667
of which Furniture and vehicles: +€2,143
- Trade debts +€22,170
up €22,170 (+37.1%), from €59,722 to €81,892
- Profit (loss) carried forward +€13,702
up €13,702 (+91.7%), from €14,943 to €28,645
- Advances received +€9,000
new in 2025: €9,000
- Tax, wage and social debts -€5,823
down €5,823 (-51.3%), from €11,349 to €5,526
of which Taxes: -€5,743
- Other debts +€3,528
new in 2025: €3,528
- Gross operating margin +€19,960
up €19,960 (+58.7%), from €34,030 to €53,991
- Staff costs -€9,405
down €9,405 (-31.6%), from €29,805 to €20,400
- Depreciation +€5,867
up €5,867 (+48.4%), from €12,131 to €17,998
- Taxes +€1,543
up €1,543, from -€440 to €1,102
- Other operating charges -€1,405
down €1,405 (-61.4%), from €2,287 to €882
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 | €101,514 | €144,091 | +€42,577 | +41.9% |
| Fixed assets | 21/28 | €21,974 | €24,762 | +€2,789 | +12.7% |
| Tangible fixed assets | 22/27 | €21,879 | €24,667 | +€2,789 | +12.7% |
| Plant, machinery and equipment | 23 | €3,438 | €4,084 | +€646 | +18.8% |
| Furniture and vehicles | 24 | €18,440 | €20,584 | +€2,143 | +11.6% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €79,540 | €119,328 | +€39,788 | +50.0% |
| Amounts receivable within one year | 40/41 | €74,962 | €111,142 | +€36,180 | +48.3% |
| Trade receivables | 40 | €68,943 | €99,869 | +€30,926 | +44.9% |
| Other amounts receivable | 41 | €6,018 | €11,273 | +€5,254 | +87.3% |
| Cash at bank and in hand | 54/58 | €4,579 | €4,432 | -€147 | -3.2% |
| Deferred charges and accrued income | 490/1 | - | €3,755 | +€3,755 | |
| Total equity and liabilities | 10/49 | €101,514 | €144,091 | +€42,577 | +41.9% |
| Equity | 10/15 | €30,443 | €44,145 | +€13,702 | +45.0% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,943 | €28,645 | +€13,702 | +91.7% |
| Amounts payable | 17/49 | €71,071 | €99,946 | +€28,875 | +40.6% |
| Amounts payable within one year | 42/48 | €71,071 | €99,946 | +€28,875 | +40.6% |
| Trade debts | 44 | €59,722 | €81,892 | +€22,170 | +37.1% |
| Suppliers | 440/4 | €59,722 | €81,892 | +€22,170 | +37.1% |
| Advances received on contracts in progress | 46 | - | €9,000 | +€9,000 | |
| Taxes, remuneration and social security | 45 | €11,349 | €5,526 | -€5,823 | -51.3% |
| Taxes | 450/3 | €6,845 | €1,102 | -€5,743 | -83.9% |
| Remuneration and social security | 454/9 | €4,504 | €4,423 | -€80 | -1.8% |
| Other amounts payable | 47/48 | - | €3,528 | +€3,528 | |
| Non-recurring operating income | 76A | €205 | - | -€205 | |
| Remuneration, social security and pensions | 62 | €29,805 | €20,400 | -€9,405 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,131 | €17,998 | +€5,867 | +48.4% |
| Other operating charges | 640/8 | €2,287 | €882 | -€1,405 | -61.4% |
| Non-recurring operating charges | 66A | €1,626 | - | -€1,626 | |
| Gross operating margin | 9900 | €34,030 | €53,991 | +€19,960 | +58.7% |
| Operating profit (loss) | 9901 | -€11,817 | €14,711 | +€26,529 | |
| Financial income | 75/76B | €179 | €301 | +€122 | +68.3% |
| Recurring financial income | 75 | €179 | €301 | +€122 | +68.3% |
| Financial charges | 65/66B | €155 | €208 | +€53 | +34.0% |
| Recurring financial charges | 65 | €155 | €208 | +€53 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,794 | €14,804 | +€26,598 | |
| Income taxes | 67/77 | -€440 | €1,102 | +€1,543 | |
| Profit (loss) for the period | 9904 | -€11,354 | €13,702 | +€25,055 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,354 | €13,702 | +€25,055 |
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 31 October 2026 via checked.be.