I.S. MANAGEMENT: 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. MANAGEMENT
Largest movements
- Tangible fixed assets -€20,956
down €20,956 (-21.0%), from €99,771 to €78,815
of which Land and buildings: -€20,956
- Cash -€3,740
down €3,740 (-31.2%), from €11,989 to €8,249
mainly Net result for the year (-€12,921) and Other debts (-€7,925)
- Receivables within one year +€3,720
up €3,720 (+4.1%), from €90,348 to €94,068
- Profit (loss) carried forward -€12,921
down €12,921 (-7.8%), from -€165,660 to -€178,581
- Other debts -€7,925
down €7,925 (-7.5%), from €105,936 to €98,011
- Depreciation -€10,106
down €10,106 (-32.5%), from €31,062 to €20,956
- Gross operating margin -€381
down €381 (-4.7%), from €8,142 to €7,761
- Other operating charges +€105
up €105 (+3.2%), from €3,313 to €3,418
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 | €203,217 | €182,281 | -€20,936 | -10.3% |
| Fixed assets | 21/28 | €99,789 | €78,834 | -€20,956 | -21.0% |
| Tangible fixed assets | 22/27 | €99,771 | €78,815 | -€20,956 | -21.0% |
| Land and buildings | 22 | €97,766 | €76,810 | -€20,956 | -21.4% |
| Other tangible fixed assets | 26 | €2,005 | €2,005 | = | 0.0% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €103,428 | €103,447 | +€19 | 0.0% |
| Amounts receivable within one year | 40/41 | €90,348 | €94,068 | +€3,720 | +4.1% |
| Other amounts receivable | 41 | €90,348 | €94,068 | +€3,720 | +4.1% |
| Cash at bank and in hand | 54/58 | €11,989 | €8,249 | -€3,740 | -31.2% |
| Deferred charges and accrued income | 490/1 | €1,091 | €1,130 | +€39 | +3.6% |
| Total equity and liabilities | 10/49 | €203,217 | €182,281 | -€20,936 | -10.3% |
| Equity | 10/15 | -€103,336 | -€116,257 | -€12,921 | -12.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €824 | €824 | = | 0.0% |
| Non-distributable reserves | 130/1 | €824 | €824 | = | 0.0% |
| Legal reserve | 130 | €824 | €824 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€165,660 | -€178,581 | -€12,921 | -7.8% |
| Amounts payable | 17/49 | €306,554 | €298,539 | -€8,015 | -2.6% |
| Amounts payable after more than one year | 17 | €200,000 | €200,000 | = | 0.0% |
| Financial debts | 170/4 | €200,000 | €200,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €106,554 | €98,539 | -€8,015 | -7.5% |
| Trade debts | 44 | €618 | €528 | -€91 | -14.6% |
| Suppliers | 440/4 | €618 | €528 | -€91 | -14.6% |
| Other amounts payable | 47/48 | €105,936 | €98,011 | -€7,925 | -7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,062 | €20,956 | -€10,106 | -32.5% |
| Other operating charges | 640/8 | €3,313 | €3,418 | +€105 | +3.2% |
| Gross operating margin | 9900 | €8,142 | €7,761 | -€381 | -4.7% |
| Operating profit (loss) | 9901 | -€26,233 | -€16,613 | +€9,620 | +36.7% |
| Financial income | 75/76B | €3,753 | €3,723 | -€30 | -0.8% |
| Recurring financial income | 75 | €3,753 | €3,723 | -€30 | -0.8% |
| Financial charges | 65/66B | €36 | €30 | -€6 | -15.5% |
| Recurring financial charges | 65 | €36 | €30 | -€6 | -15.5% |
| Profit (loss) for the period before taxes | 9903 | -€22,516 | -€12,920 | +€9,596 | +42.6% |
| Income taxes | 67/77 | €1 | €1 | +€0 | +11.3% |
| Profit (loss) for the period | 9904 | -€22,517 | -€12,921 | +€9,596 | +42.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,517 | -€12,921 | +€9,596 | +42.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.