ISB GROUP: 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.
ISB GROUP
Largest movements
- Receivables within one year +€38,949
up €38,949 (+84.0%), from €46,346 to €85,295
of which Trade receivables: +€29,753
- Cash -€26,708
down €26,708 (-95.6%), from €27,930 to €1,222
mainly Receivables within one year (-€38,949) and Net result for the year (-€33,434)
- Tangible fixed assets -€9,766
down €9,766 (-74.3%), from €13,140 to €3,374
- Trade debts +€35,909
up €35,909 (+92.8%), from €38,706 to €74,616
- Profit (loss) carried forward -€33,434
down €33,434 (-55.8%), from €59,868 to €26,434
- Taxes +€7,067
up €7,067 (+684%), from €1,033 to €8,100
- Gross operating margin -€6,840
down €6,840 (-115%), from -€5,928 to -€12,768
- Staff costs -€1,128
no longer reported in 2025 (was €1,128)
- Other operating charges -€480
down €480 (-34.1%), from €1,407 to €927
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 | €103,574 | €106,049 | +€2,475 | +2.4% |
| Fixed assets | 21/28 | €13,840 | €4,074 | -€9,766 | -70.6% |
| Tangible fixed assets | 22/27 | €13,140 | €3,374 | -€9,766 | -74.3% |
| Furniture and vehicles | 24 | €13,140 | €3,374 | -€9,766 | -74.3% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €89,734 | €101,975 | +€12,241 | +13.6% |
| Stocks and contracts in progress | 3 | €15,458 | €15,458 | = | 0.0% |
| Stocks | 30/36 | €15,458 | €15,458 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €46,346 | €85,295 | +€38,949 | +84.0% |
| Trade receivables | 40 | €32,860 | €62,614 | +€29,753 | +90.5% |
| Other amounts receivable | 41 | €13,486 | €22,681 | +€9,195 | +68.2% |
| Cash at bank and in hand | 54/58 | €27,930 | €1,222 | -€26,708 | -95.6% |
| Total equity and liabilities | 10/49 | €103,574 | €106,049 | +€2,475 | +2.4% |
| Equity | 10/15 | €64,868 | €31,434 | -€33,434 | -51.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,868 | €26,434 | -€33,434 | -55.8% |
| Amounts payable | 17/49 | €38,706 | €74,616 | +€35,909 | +92.8% |
| Amounts payable within one year | 42/48 | €38,706 | €74,616 | +€35,909 | +92.8% |
| Trade debts | 44 | €38,706 | €74,616 | +€35,909 | +92.8% |
| Suppliers | 440/4 | €38,706 | €74,616 | +€35,909 | +92.8% |
| Remuneration, social security and pensions | 62 | €1,128 | - | -€1,128 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,892 | €10,786 | -€106 | -1.0% |
| Other operating charges | 640/8 | €1,407 | €927 | -€480 | -34.1% |
| Gross operating margin | 9900 | -€5,928 | -€12,768 | -€6,840 | -115% |
| Operating profit (loss) | 9901 | -€19,354 | -€24,481 | -€5,127 | -26.5% |
| Financial charges | 65/66B | €796 | €853 | +€57 | +7.2% |
| Recurring financial charges | 65 | €796 | €853 | +€57 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,150 | -€25,334 | -€5,184 | -25.7% |
| Income taxes | 67/77 | €1,033 | €8,100 | +€7,067 | +684% |
| Profit (loss) for the period | 9904 | -€21,183 | -€33,434 | -€12,251 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,183 | -€33,434 | -€12,251 | -57.8% |
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 19 October 2026 via checked.be.