I.S.I.: 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.I.
Largest movements
- Tangible fixed assets -€19,214
down €19,214 (-11.1%), from €172,923 to €153,709
of which Land and buildings: -€17,086
- Cash +€5,913
up €5,913 (+13.8%), from €42,844 to €48,757
mainly Net result for the year (+€21,420) and Depreciation (+€19,214)
- Profit (loss) carried forward -€8,580
down €8,580 (-8.3%), from €102,816 to €94,236
- Trade debts -€7,005
down €7,005 (-73.4%), from €9,545 to €2,540
- Tax, wage and social debts +€4,045
up €4,045 (+75.5%), from €5,355 to €9,400
- Other debts -€2,712
down €2,712 (-7.8%), from €34,804 to €32,092
- Gross operating margin +€10,615
up €10,615 (+22.5%), from €47,223 to €57,837
- Taxes +€3,740
up €3,740 (+80.0%), from €4,675 to €8,415
- Other operating charges -€908
down €908 (-10.0%), from €9,042 to €8,135
- Depreciation -€594
down €594 (-3.0%), from €19,807 to €19,214
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 | €224,853 | €210,940 | -€13,913 | -6.2% |
| Fixed assets | 21/28 | €172,923 | €153,709 | -€19,214 | -11.1% |
| Tangible fixed assets | 22/27 | €172,923 | €153,709 | -€19,214 | -11.1% |
| Land and buildings | 22 | €170,795 | €153,709 | -€17,086 | -10.0% |
| Furniture and vehicles | 24 | €2,128 | €0 | -€2,128 | -100% |
| Current assets | 29/58 | €51,931 | €57,231 | +€5,301 | +10.2% |
| Amounts receivable within one year | 40/41 | €1,261 | €0 | -€1,261 | -100% |
| Other amounts receivable | 41 | €1,261 | €0 | -€1,261 | -100% |
| Cash at bank and in hand | 54/58 | €42,844 | €48,757 | +€5,913 | +13.8% |
| Deferred charges and accrued income | 490/1 | €7,825 | €8,474 | +€649 | +8.3% |
| Total equity and liabilities | 10/49 | €224,853 | €210,940 | -€13,913 | -6.2% |
| Equity | 10/15 | €175,149 | €166,569 | -€8,580 | -4.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €10,333 | €10,333 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,133 | €4,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | €102,816 | €94,236 | -€8,580 | -8.3% |
| Amounts payable | 17/49 | €49,704 | €44,371 | -€5,333 | -10.7% |
| Amounts payable within one year | 42/48 | €49,704 | €44,032 | -€5,672 | -11.4% |
| Trade debts | 44 | €9,545 | €2,540 | -€7,005 | -73.4% |
| Suppliers | 440/4 | €9,545 | €2,540 | -€7,005 | -73.4% |
| Taxes, remuneration and social security | 45 | €5,355 | €9,400 | +€4,045 | +75.5% |
| Taxes | 450/3 | €5,355 | €9,400 | +€4,045 | +75.5% |
| Other amounts payable | 47/48 | €34,804 | €32,092 | -€2,712 | -7.8% |
| Accrued charges and deferred income | 492/3 | - | €339 | +€339 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,807 | €19,214 | -€594 | -3.0% |
| Other operating charges | 640/8 | €9,042 | €8,135 | -€908 | -10.0% |
| Gross operating margin | 9900 | €47,223 | €57,837 | +€10,615 | +22.5% |
| Operating profit (loss) | 9901 | €18,373 | €30,489 | +€12,116 | +65.9% |
| Financial charges | 65/66B | €877 | €653 | -€224 | -25.5% |
| Recurring financial charges | 65 | €877 | €653 | -€224 | -25.5% |
| Profit (loss) for the period before taxes | 9903 | €17,496 | €29,836 | +€12,340 | +70.5% |
| Income taxes | 67/77 | €4,675 | €8,415 | +€3,740 | +80.0% |
| Profit (loss) for the period | 9904 | €12,820 | €21,420 | +€8,600 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,820 | €21,420 | +€8,600 | +67.1% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.