I-SAN: 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-SAN
Largest movements
- Receivables within one year +€4,887
up €4,887 (+6.0%), from €81,462 to €86,349
of which Trade receivables: +€4,659
- Cash +€2,076
up €2,076 (+409%), from €508 to €2,584
mainly Depreciation (+€13,919) and Net result for the year (+€8,095)
- Tangible fixed assets -€1,674
down €1,674 (-45.1%), from €3,712 to €2,038
of which Furniture and vehicles: -€1,191
- Reserves +€52,974
up €52,974 (+9,253%), from €572 to €53,547
of which Distributable reserves: +€52,974
- Profit (loss) carried forward -€44,879
no longer reported in 2025 (was €44,879)
- Short-term financial debts -€4,108
down €4,108 (-22.9%), from €17,908 to €13,800
- Depreciation +€11,958
up €11,958 (+610%), from €1,961 to €13,919
- Gross operating margin +€11,450
up €11,450 (+59.6%), from €19,208 to €30,657
- Financial charges -€6,821
down €6,821 (-75.9%), from €8,988 to €2,167
of which Non-recurring financial charges: -€7,946
- Financial income -€2,762
no longer reported in 2025 (was €2,762)
- Taxes +€1,487
up €1,487 (+65.9%), from €2,257 to €3,744
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 | €87,187 | €92,476 | +€5,289 | +6.1% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €5,012 | €3,338 | -€1,674 | -33.4% |
| Tangible fixed assets | 22/27 | €3,712 | €2,038 | -€1,674 | -45.1% |
| Plant, machinery and equipment | 23 | €943 | €460 | -€484 | -51.3% |
| Furniture and vehicles | 24 | €2,769 | €1,578 | -€1,191 | -43.0% |
| Financial fixed assets | 28 | €1,300 | €1,300 | = | 0.0% |
| Current assets | 29/58 | €82,174 | €89,138 | +€6,963 | +8.5% |
| Amounts receivable within one year | 40/41 | €81,462 | €86,349 | +€4,887 | +6.0% |
| Trade receivables | 40 | €18,589 | €23,247 | +€4,659 | +25.1% |
| Other amounts receivable | 41 | €62,873 | €63,102 | +€228 | +0.4% |
| Cash at bank and in hand | 54/58 | €508 | €2,584 | +€2,076 | +409% |
| Deferred charges and accrued income | 490/1 | €205 | €205 | = | 0.0% |
| Total equity and liabilities | 10/49 | €87,187 | €92,476 | +€5,289 | +6.1% |
| Equity | 10/15 | €64,052 | €72,147 | +€8,095 | +12.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €572 | €53,547 | +€52,974 | +9,253% |
| Non-distributable reserves | 130/1 | €572 | €572 | = | 0.0% |
| Reserves not available under the articles | 1311 | €572 | €572 | = | 0.0% |
| Distributable reserves | 133 | - | €52,974 | +€52,974 | |
| Profit (loss) carried forward | 14 | €44,879 | - | -€44,879 | |
| Amounts payable | 17/49 | €23,135 | €20,329 | -€2,806 | -12.1% |
| Amounts payable within one year | 42/48 | €23,135 | €20,329 | -€2,806 | -12.1% |
| Financial debts | 43 | €17,908 | €13,800 | -€4,108 | -22.9% |
| Credit institutions | 430/8 | €17,908 | €13,800 | -€4,108 | -22.9% |
| Trade debts | 44 | €900 | €1,381 | +€481 | +53.5% |
| Suppliers | 440/4 | €900 | €1,381 | +€481 | +53.5% |
| Taxes, remuneration and social security | 45 | €4,327 | €5,148 | +€821 | +19.0% |
| Taxes | 450/3 | €4,327 | €5,148 | +€821 | +19.0% |
| Non-recurring operating income | 76A | - | €12,245 | +€12,245 | |
| Remuneration, social security and pensions | 62 | €77 | - | -€77 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,961 | €13,919 | +€11,958 | +610% |
| Other operating charges | 640/8 | €3,549 | €2,732 | -€817 | -23.0% |
| Gross operating margin | 9900 | €19,208 | €30,657 | +€11,450 | +59.6% |
| Operating profit (loss) | 9901 | €13,621 | €14,007 | +€385 | +2.8% |
| Financial income | 75/76B | €2,762 | - | -€2,762 | |
| Recurring financial income | 75 | €2,762 | - | -€2,762 | |
| Financial charges | 65/66B | €8,988 | €2,167 | -€6,821 | -75.9% |
| Recurring financial charges | 65 | €1,042 | €2,167 | +€1,125 | +108% |
| Non-recurring financial charges | 66B | €7,946 | - | -€7,946 | |
| Profit (loss) for the period before taxes | 9903 | €7,394 | €11,839 | +€4,445 | +60.1% |
| Income taxes | 67/77 | €2,257 | €3,744 | +€1,487 | +65.9% |
| Profit (loss) for the period | 9904 | €5,137 | €8,095 | +€2,958 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,137 | €8,095 | +€2,958 | +57.6% |
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 26 October 2026 via checked.be.