I-SYSTEM: 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-SYSTEM
Largest movements
- Cash -€28,337
down €28,337 (-59.5%), from €47,611 to €19,274
mainly Investment in fixed assets (net) (-€41,094) and Contributions, distributions and other (-€30,000)
- Tangible fixed assets +€24,757
up €24,757 (+25.5%), from €97,267 to €122,025
of which Furniture and vehicles: +€30,662
- Receivables within one year +€9,398
up €9,398 (+17.5%), from €53,806 to €63,204
of which Trade receivables: +€7,244
- Reserves -€30,000
down €30,000 (-31.6%), from €95,000 to €65,000
- Debts after one year +€25,678
up €25,678 (+39.5%), from €64,974 to €90,652
- Trade debts +€14,200
up €14,200 (+120%), from €11,875 to €26,075
- Tax, wage and social debts -€11,277
down €11,277 (-78.6%), from €14,347 to €3,069
- Other debts +€10,132
up €10,132 (+45.9%), from €22,070 to €32,202
- Gross operating margin -€11,933
down €11,933 (-43.4%), from €27,515 to €15,582
- Other operating charges -€8,621
down €8,621 (-60.0%), from €14,360 to €5,739
- Depreciation +€8,346
up €8,346 (+104%), from €7,990 to €16,337
- Taxes -€3,634
down €3,634 (-96.4%), from €3,769 to €135
- Financial charges +€1,541
up €1,541 (+79.3%), from €1,943 to €3,484
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 | €248,569 | €256,046 | +€7,476 | +3.0% |
| Fixed assets | 21/28 | €97,267 | €122,025 | +€24,757 | +25.5% |
| Tangible fixed assets | 22/27 | €97,267 | €122,025 | +€24,757 | +25.5% |
| Land and buildings | 22 | €88,618 | €85,925 | -€2,693 | -3.0% |
| Plant, machinery and equipment | 23 | €4,749 | €1,538 | -€3,211 | -67.6% |
| Furniture and vehicles | 24 | €3,900 | €34,562 | +€30,662 | +786% |
| Current assets | 29/58 | €151,302 | €134,021 | -€17,281 | -11.4% |
| Amounts receivable after more than one year | 29 | €49,000 | €49,000 | = | 0.0% |
| Other amounts receivable | 291 | €49,000 | €49,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,806 | €63,204 | +€9,398 | +17.5% |
| Trade receivables | 40 | €36,240 | €43,483 | +€7,244 | +20.0% |
| Other amounts receivable | 41 | €17,566 | €19,720 | +€2,155 | +12.3% |
| Cash at bank and in hand | 54/58 | €47,611 | €19,274 | -€28,337 | -59.5% |
| Deferred charges and accrued income | 490/1 | €885 | €2,543 | +€1,658 | +187% |
| Total equity and liabilities | 10/49 | €248,569 | €256,046 | +€7,476 | +3.0% |
| Equity | 10/15 | €121,659 | €83,745 | -€37,915 | -31.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €95,000 | €65,000 | -€30,000 | -31.6% |
| Distributable reserves | 133 | €95,000 | €65,000 | -€30,000 | -31.6% |
| Profit (loss) carried forward | 14 | €6,208 | -€1,706 | -€7,915 | |
| Amounts payable | 17/49 | €126,910 | €172,301 | +€45,391 | +35.8% |
| Amounts payable after more than one year | 17 | €64,974 | €90,652 | +€25,678 | +39.5% |
| Financial debts | 170/4 | €64,974 | €90,652 | +€25,678 | +39.5% |
| Amounts payable within one year | 42/48 | €59,926 | €77,914 | +€17,988 | +30.0% |
| Current portion of amounts payable after more than one year | 42 | €9,305 | €16,568 | +€7,262 | +78.0% |
| Financial debts | 43 | €2,329 | - | -€2,329 | |
| Credit institutions | 430/8 | €2,329 | - | -€2,329 | |
| Trade debts | 44 | €11,875 | €26,075 | +€14,200 | +120% |
| Suppliers | 440/4 | €11,875 | €26,075 | +€14,200 | +120% |
| Taxes, remuneration and social security | 45 | €14,347 | €3,069 | -€11,277 | -78.6% |
| Taxes | 450/3 | €14,347 | €3,069 | -€11,277 | -78.6% |
| Other amounts payable | 47/48 | €22,070 | €32,202 | +€10,132 | +45.9% |
| Accrued charges and deferred income | 492/3 | €2,010 | €3,735 | +€1,725 | +85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,990 | €16,337 | +€8,346 | +104% |
| Other operating charges | 640/8 | €14,360 | €5,739 | -€8,621 | -60.0% |
| Gross operating margin | 9900 | €27,515 | €15,582 | -€11,933 | -43.4% |
| Operating profit (loss) | 9901 | €5,164 | -€6,494 | -€11,658 | |
| Financial income | 75/76B | €2,400 | €2,198 | -€202 | -8.4% |
| Recurring financial income | 75 | €2,400 | €2,198 | -€202 | -8.4% |
| Financial charges | 65/66B | €1,943 | €3,484 | +€1,541 | +79.3% |
| Recurring financial charges | 65 | €1,943 | €3,484 | +€1,541 | +79.3% |
| Profit (loss) for the period before taxes | 9903 | €5,621 | -€7,780 | -€13,401 | |
| Income taxes | 67/77 | €3,769 | €135 | -€3,634 | -96.4% |
| Profit (loss) for the period | 9904 | €1,852 | -€7,915 | -€9,767 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,852 | -€7,915 | -€9,767 |
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 16 October 2026 via checked.be.