ISCS TECHNICAL: 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.
ISCS TECHNICAL
Largest movements
- Receivables within one year -€231,075
down €231,075 (-37.7%), from €613,537 to €382,462
of which Trade receivables: -€307,949
- Cash -€135,818
down €135,818 (-12.4%), from €1.1m to €958,092
mainly Contributions, distributions and other (-€941,176) and Investment in fixed assets (net) (-€58,454)
- Tangible fixed assets +€27,681
up €27,681 (+48.9%), from €56,619 to €84,299
of which Plant, machinery and equipment: +€19,637
- Profit (loss) carried forward -€635,732
down €635,732 (-47.3%), from €1.3m to €709,254
- Trade debts +€203,877
up €203,877 (+53.0%), from €384,777 to €588,654
- Short-term financial debts +€99,302
up €99,302 (+1,073%), from €9,250 to €108,552
- Gross operating margin -€163,369
down €163,369 (-22.1%), from €739,849 to €576,480
- Taxes -€49,867
down €49,867 (-32.3%), from €154,541 to €104,674
- Staff costs +€12,671
up €12,671 (+12.3%), from €102,716 to €115,387
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 | €1,776,873 | €1,440,506 | -€336,367 | -18.9% |
| Fixed assets | 21/28 | €61,140 | €86,979 | +€25,838 | +42.3% |
| Intangible fixed assets | 21 | €4,522 | €2,680 | -€1,842 | -40.7% |
| Tangible fixed assets | 22/27 | €56,619 | €84,299 | +€27,681 | +48.9% |
| Plant, machinery and equipment | 23 | €56,619 | €76,255 | +€19,637 | +34.7% |
| Furniture and vehicles | 24 | - | €8,044 | +€8,044 | |
| Current assets | 29/58 | €1,715,733 | €1,353,527 | -€362,206 | -21.1% |
| Amounts receivable within one year | 40/41 | €613,537 | €382,462 | -€231,075 | -37.7% |
| Trade receivables | 40 | €515,293 | €207,344 | -€307,949 | -59.8% |
| Other amounts receivable | 41 | €98,244 | €175,118 | +€76,874 | +78.2% |
| Cash at bank and in hand | 54/58 | €1,093,910 | €958,092 | -€135,818 | -12.4% |
| Deferred charges and accrued income | 490/1 | €8,286 | €12,973 | +€4,687 | +56.6% |
| Total equity and liabilities | 10/49 | €1,776,873 | €1,440,506 | -€336,367 | -18.9% |
| Equity | 10/15 | €1,365,446 | €729,714 | -€635,732 | -46.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,344,986 | €709,254 | -€635,732 | -47.3% |
| Amounts payable | 17/49 | €411,427 | €710,792 | +€299,364 | +72.8% |
| Amounts payable within one year | 42/48 | €406,149 | €710,792 | +€304,643 | +75.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €9,250 | €108,552 | +€99,302 | +1,073% |
| Credit institutions | 430/8 | €9,250 | €108,552 | +€99,302 | +1,073% |
| Trade debts | 44 | €384,777 | €588,654 | +€203,877 | +53.0% |
| Suppliers | 440/4 | €384,777 | €588,654 | +€203,877 | +53.0% |
| Taxes, remuneration and social security | 45 | €12,121 | €13,586 | +€1,464 | +12.1% |
| Taxes | 450/3 | €0 | - | = | |
| Remuneration and social security | 454/9 | €12,121 | €13,586 | +€1,464 | +12.1% |
| Accrued charges and deferred income | 492/3 | €5,278 | €0 | -€5,278 | -100% |
| Non-recurring operating income | 76A | €10,862 | €0 | -€10,862 | -100% |
| Remuneration, social security and pensions | 62 | €102,716 | €115,387 | +€12,671 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,493 | €32,616 | +€7,122 | +27.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,392 | €1,756 | +€364 | +26.1% |
| Gross operating margin | 9900 | €739,849 | €576,480 | -€163,369 | -22.1% |
| Operating profit (loss) | 9901 | €610,248 | €426,722 | -€183,526 | -30.1% |
| Financial income | 75/76B | €8,133 | €2,026 | -€6,107 | -75.1% |
| Recurring financial income | 75 | €8,133 | €2,026 | -€6,107 | -75.1% |
| Financial charges | 65/66B | €15,503 | €18,630 | +€3,127 | +20.2% |
| Recurring financial charges | 65 | €15,503 | €18,630 | +€3,127 | +20.2% |
| Profit (loss) for the period before taxes | 9903 | €602,878 | €410,118 | -€192,760 | -32.0% |
| Income taxes | 67/77 | €154,541 | €104,674 | -€49,867 | -32.3% |
| Profit (loss) for the period | 9904 | €448,337 | €305,445 | -€142,892 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €448,337 | €305,445 | -€142,892 | -31.9% |
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 18 October 2026 via checked.be.