International Solution 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.
International Solution Management
Largest movements
- Receivables within one year +€16,380
up €16,380 (+10.7%), from €153,537 to €169,917
of which Other amounts receivable: +€27,157
- Cash +€6,171
up €6,171 (+345%), from €1,788 to €7,959
mainly Trade debts (+€88,679) and Other debts (+€58,733)
- Profit (loss) carried forward -€107,050
new in 2025: -€107,050
- Trade debts +€88,679
up €88,679 (+234%), from €37,972 to €126,651
- Other debts +€58,733
up €58,733 (+1,587%), from €3,700 to €62,433
- Tax, wage and social debts -€21,213
down €21,213 (-97.0%), from €21,858 to €645
- Gross operating margin -€147,579
down €147,579, from €56,574 to -€91,005
- Taxes -€17,036
no longer reported in 2025 (was €17,036)
- Other operating charges +€2,611
up €2,611 (+291%), from €898 to €3,509
- Depreciation +€1,357
up €1,357 (+58.2%), from €2,332 to €3,689
- Financial charges +€943
up €943 (+11.9%), from €7,904 to €8,847
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 | €405,663 | €425,138 | +€19,475 | +4.8% |
| Fixed assets | 21/28 | €6,749 | €6,977 | +€228 | +3.4% |
| Tangible fixed assets | 22/27 | €6,749 | €6,977 | +€228 | +3.4% |
| Land and buildings | 22 | €5,591 | €3,632 | -€1,959 | -35.0% |
| Furniture and vehicles | 24 | €1,158 | €3,345 | +€2,187 | +189% |
| Current assets | 29/58 | €398,914 | €418,161 | +€19,247 | +4.8% |
| Amounts receivable after more than one year | 29 | €235,000 | €235,000 | = | 0.0% |
| Trade receivables | 290 | €235,000 | €235,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €153,537 | €169,917 | +€16,380 | +10.7% |
| Trade receivables | 40 | €27,351 | €16,574 | -€10,777 | -39.4% |
| Other amounts receivable | 41 | €126,186 | €153,343 | +€27,157 | +21.5% |
| Cash at bank and in hand | 54/58 | €1,788 | €7,959 | +€6,171 | +345% |
| Deferred charges and accrued income | 490/1 | €8,589 | €5,285 | -€3,304 | -38.5% |
| Total equity and liabilities | 10/49 | €405,663 | €425,138 | +€19,475 | +4.8% |
| Equity | 10/15 | €306,674 | €199,624 | -€107,050 | -34.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €288,074 | €288,074 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €286,214 | €286,214 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€107,050 | -€107,050 | |
| Amounts payable | 17/49 | €98,989 | €225,514 | +€126,525 | +128% |
| Amounts payable within one year | 42/48 | €98,989 | €224,988 | +€125,999 | +127% |
| Current portion of amounts payable after more than one year | 42 | - | €659 | +€659 | |
| Financial debts | 43 | €35,459 | €34,600 | -€859 | -2.4% |
| Credit institutions | 430/8 | €35,459 | €34,600 | -€859 | -2.4% |
| Trade debts | 44 | €37,972 | €126,651 | +€88,679 | +234% |
| Suppliers | 440/4 | €37,972 | €126,651 | +€88,679 | +234% |
| Taxes, remuneration and social security | 45 | €21,858 | €645 | -€21,213 | -97.0% |
| Taxes | 450/3 | €21,858 | €645 | -€21,213 | -97.0% |
| Other amounts payable | 47/48 | €3,700 | €62,433 | +€58,733 | +1,587% |
| Accrued charges and deferred income | 492/3 | - | €526 | +€526 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,332 | €3,689 | +€1,357 | +58.2% |
| Other operating charges | 640/8 | €898 | €3,509 | +€2,611 | +291% |
| Gross operating margin | 9900 | €56,574 | -€91,005 | -€147,579 | |
| Operating profit (loss) | 9901 | €53,344 | -€98,203 | -€151,547 | |
| Financial charges | 65/66B | €7,904 | €8,847 | +€943 | +11.9% |
| Recurring financial charges | 65 | €7,904 | €8,847 | +€943 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €45,440 | -€107,050 | -€152,490 | |
| Income taxes | 67/77 | €17,036 | - | -€17,036 | |
| Profit (loss) for the period | 9904 | €28,404 | -€107,050 | -€135,454 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,404 | -€107,050 | -€135,454 |
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 24 October 2026 via checked.be.