I-SQUARED CONSULTING: 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-SQUARED CONSULTING
Largest movements
- Tangible fixed assets -€355,287
down €355,287 (-20.2%), from €1.8m to €1.4m
of which Land and buildings: -€416,243
- Current investments +€50,593
up €50,593 (+37.3%), from €135,485 to €186,078
- Receivables within one year +€38,003
up €38,003 (+1,066%), from €3,563 to €41,566
of which Other amounts receivable: +€38,003
- Deferred charges and accrued income -€28,133
down €28,133 (-63.7%), from €44,133 to €15,999
- Debts after one year -€295,904
down €295,904 (-100%), from €295,904 to €0
- Reserves +€86,507
up €86,507 (+4.7%), from €1.9m to €1.9m
of which Distributable reserves: +€94,157
- Current portion of long-term debt -€47,098
down €47,098 (-100%), from €47,098 to €0
- Other debts -€26,076
down €26,076 (-100%), from €26,076 to €0
- Gross operating margin -€91,089
down €91,089 (-35.8%), from €254,630 to €163,540
- Depreciation -€18,272
down €18,272 (-26.6%), from €68,782 to €50,510
- Other operating charges -€12,320
down €12,320 (-70.4%), from €17,511 to €5,192
- Financial income +€8,770
up €8,770 (+67.3%), from €13,035 to €21,805
- Taxes -€6,914
down €6,914 (-41.9%), from €16,499 to €9,585
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 | €2,417,823 | €2,126,858 | -€290,965 | -12.0% |
| Fixed assets | 21/28 | €1,763,168 | €1,407,881 | -€355,287 | -20.2% |
| Tangible fixed assets | 22/27 | €1,763,168 | €1,407,881 | -€355,287 | -20.2% |
| Land and buildings | 22 | €1,511,047 | €1,094,805 | -€416,243 | -27.5% |
| Plant, machinery and equipment | 23 | €1,522 | €1,284 | -€238 | -15.6% |
| Furniture and vehicles | 24 | €48,359 | €109,552 | +€61,193 | +127% |
| Other tangible fixed assets | 26 | €202,240 | €202,240 | = | 0.0% |
| Current assets | 29/58 | €654,656 | €718,977 | +€64,322 | +9.8% |
| Amounts receivable after more than one year | 29 | €444,125 | €459,000 | +€14,875 | +3.3% |
| Other amounts receivable | 291 | €444,125 | €459,000 | +€14,875 | +3.3% |
| Amounts receivable within one year | 40/41 | €3,563 | €41,566 | +€38,003 | +1,066% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €3,563 | €41,566 | +€38,003 | +1,066% |
| Current investments | 50/53 | €135,485 | €186,078 | +€50,593 | +37.3% |
| Cash at bank and in hand | 54/58 | €27,350 | €16,334 | -€11,015 | -40.3% |
| Deferred charges and accrued income | 490/1 | €44,133 | €15,999 | -€28,133 | -63.7% |
| Total equity and liabilities | 10/49 | €2,417,823 | €2,126,858 | -€290,965 | -12.0% |
| Equity | 10/15 | €1,872,899 | €1,959,406 | +€86,507 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,854,299 | €1,940,806 | +€86,507 | +4.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €193,436 | €185,786 | -€7,650 | -4.0% |
| Distributable reserves | 133 | €1,659,003 | €1,753,160 | +€94,157 | +5.7% |
| Provisions and deferred taxes | 16 | €156,942 | €155,029 | -€1,913 | -1.2% |
| Provisions for liabilities and charges | 160/5 | €105,140 | €105,140 | = | 0.0% |
| Pensions and similar obligations | 160 | €105,140 | €105,140 | = | 0.0% |
| Deferred taxes | 168 | €51,801 | €49,889 | -€1,913 | -3.7% |
| Amounts payable | 17/49 | €387,983 | €12,423 | -€375,560 | -96.8% |
| Amounts payable after more than one year | 17 | €295,904 | €0 | -€295,904 | -100% |
| Financial debts | 170/4 | €295,904 | €0 | -€295,904 | -100% |
| Amounts payable within one year | 42/48 | €90,610 | €12,423 | -€78,187 | -86.3% |
| Current portion of amounts payable after more than one year | 42 | €47,098 | €0 | -€47,098 | -100% |
| Trade debts | 44 | €88 | €2,370 | +€2,282 | +2,596% |
| Suppliers | 440/4 | €88 | €2,370 | +€2,282 | +2,596% |
| Taxes, remuneration and social security | 45 | €17,349 | €10,053 | -€7,296 | -42.1% |
| Taxes | 450/3 | €17,349 | €10,053 | -€7,296 | -42.1% |
| Other amounts payable | 47/48 | €26,076 | €0 | -€26,076 | -100% |
| Accrued charges and deferred income | 492/3 | €1,469 | €0 | -€1,469 | -100% |
| Non-recurring operating income | 76A | €195,002 | €121,364 | -€73,638 | -37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,782 | €50,510 | -€18,272 | -26.6% |
| Other operating charges | 640/8 | €17,511 | €5,192 | -€12,320 | -70.4% |
| Non-recurring operating charges | 66A | - | €25,535 | +€25,535 | |
| Gross operating margin | 9900 | €254,630 | €163,540 | -€91,089 | -35.8% |
| Operating profit (loss) | 9901 | €168,336 | €82,304 | -€86,033 | -51.1% |
| Financial income | 75/76B | €13,035 | €21,805 | +€8,770 | +67.3% |
| Recurring financial income | 75 | €13,035 | €21,805 | +€8,770 | +67.3% |
| Financial charges | 65/66B | €10,954 | €9,929 | -€1,025 | -9.4% |
| Recurring financial charges | 65 | €10,954 | €9,929 | -€1,025 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €170,417 | €94,180 | -€76,238 | -44.7% |
| Transfer from deferred taxes | 780 | €1,913 | €1,913 | = | 0.0% |
| Income taxes | 67/77 | €16,499 | €9,585 | -€6,914 | -41.9% |
| Profit (loss) for the period | 9904 | €155,831 | €86,507 | -€69,324 | -44.5% |
| Transfer from tax-exempt reserves | 789 | €7,650 | €7,650 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €163,481 | €94,157 | -€69,324 | -42.4% |
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 20 October 2026 via checked.be.