ISCO: what changed
Two fiscal 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.
ISCO
Largest movements
- Receivables within one year +€17,759
up €17,759 (+99.6%), from €17,834 to €35,592
of which Trade receivables: +€16,545
- Tangible fixed assets -€15,590
down €15,590 (-23.3%), from €66,924 to €51,334
of which Furniture and vehicles: -€14,286
- Cash -€13,455
down €13,455 (-25.5%), from €52,742 to €39,287
mainly Other debts (-€32,780) and Receivables within one year (-€17,759)
- Reserves +€51,691
up €51,691 (+2779.1%), from €1,860 to €53,551
- Other debts -€32,780
down €32,780 (-43.4%), from €75,564 to €42,784
- Tax, wage and social debts -€16,089
no longer reported in 2025 (was €16,089)
- Debts after one year -€10,118
down €10,118 (-45.1%), from €22,418 to €12,300
- Current portion of long-term debt -€3,849
down €3,849 (-27.6%), from €13,967 to €10,118
- Gross operating margin -€6,847
down €6,847 (-7.6%), from €89,810 to €82,962
- Depreciation +€6,101
up €6,101 (+64.3%), from €9,489 to €15,590
- Taxes -€1,163
down €1,163 (-7.8%), from €15,002 to €13,838
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.
Cash bridge derived
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 | €138,466 | €127,411 | -€11,055 | -8.0% |
| Fixed assets | 21/28 | €66,924 | €51,334 | -€15,590 | -23.3% |
| Tangible fixed assets | 22/27 | €66,924 | €51,334 | -€15,590 | -23.3% |
| Plant, machinery and equipment | 23 | €494 | €390 | -€104 | -21.1% |
| Furniture and vehicles | 24 | €60,634 | €46,348 | -€14,286 | -23.6% |
| Other tangible fixed assets | 26 | €5,796 | €4,596 | -€1,200 | -20.7% |
| Current assets | 29/58 | €71,542 | €76,077 | +€4,535 | +6.3% |
| Amounts receivable within one year | 40/41 | €17,834 | €35,592 | +€17,759 | +99.6% |
| Trade receivables | 40 | €17,655 | €34,200 | +€16,545 | +93.7% |
| Other amounts receivable | 41 | €178 | €1,392 | +€1,214 | +680.7% |
| Cash at bank and in hand | 54/58 | €52,742 | €39,287 | -€13,455 | -25.5% |
| Deferred charges and accrued income | 490/1 | €967 | €1,199 | +€232 | +24.0% |
| Total equity and liabilities | 10/49 | €138,466 | €127,411 | -€11,055 | -8.0% |
| Equity | 10/15 | €9,059 | €60,750 | +€51,691 | +570.6% |
| Contributions | 10/11 | €7,199 | €7,199 | = | 0.0% |
| Reserves | 13 | €1,860 | €53,551 | +€51,691 | +2779.1% |
| Distributable reserves | 133 | €1,860 | €53,551 | +€51,691 | +2779.1% |
| Amounts payable | 17/49 | €129,407 | €66,661 | -€62,745 | -48.5% |
| Amounts payable after more than one year | 17 | €22,418 | €12,300 | -€10,118 | -45.1% |
| Financial debts | 170/4 | €22,418 | €12,300 | -€10,118 | -45.1% |
| Amounts payable within one year | 42/48 | €106,889 | €54,261 | -€52,627 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €13,967 | €10,118 | -€3,849 | -27.6% |
| Trade debts | 44 | €1,270 | €1,359 | +€90 | +7.1% |
| Suppliers | 440/4 | €1,270 | €1,359 | +€90 | +7.1% |
| Taxes, remuneration and social security | 45 | €16,089 | - | -€16,089 | |
| Taxes | 450/3 | €16,089 | - | -€16,089 | |
| Other amounts payable | 47/48 | €75,564 | €42,784 | -€32,780 | -43.4% |
| Accrued charges and deferred income | 492/3 | €100 | €100 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,489 | €15,590 | +€6,101 | +64.3% |
| Other operating charges | 640/8 | €785 | €673 | -€113 | -14.3% |
| Gross operating margin | 9900 | €89,810 | €82,962 | -€6,847 | -7.6% |
| Operating profit (loss) | 9901 | €79,535 | €66,700 | -€12,836 | -16.1% |
| Financial income | 75/76B | €0 | €6 | +€6 | +59900.0% |
| Recurring financial income | 75 | €0 | €6 | +€6 | +59900.0% |
| Financial charges | 65/66B | €1,490 | €1,177 | -€313 | -21.0% |
| Recurring financial charges | 65 | €1,490 | €1,177 | -€313 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €78,045 | €65,529 | -€12,516 | -16.0% |
| Income taxes | 67/77 | €15,002 | €13,838 | -€1,163 | -7.8% |
| Profit (loss) for the period | 9904 | €63,043 | €51,691 | -€11,353 | -18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,043 | €51,691 | -€11,353 | -18.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.