ISD CONSULT: 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.
ISD CONSULT
Largest movements
- Cash +€55,018
up €55,018 (+23.6%), from €232,824 to €287,841
mainly Net result for the year (+€79,849) and Other debts (+€48,687)
- Financial fixed assets +€17,000
new in 2025: €17,000
- Receivables within one year +€12,113
up €12,113 (+236%), from €5,134 to €17,246
- Tangible fixed assets -€11,316
down €11,316 (-17.5%), from €64,733 to €53,416
of which Plant, machinery and equipment: -€6,121
- Profit (loss) carried forward +€79,849
up €79,849 (+93.9%), from €85,041 to €164,890
- Other debts +€48,687
up €48,687 (+45.1%), from €108,001 to €156,688
- Trade debts -€34,806
down €34,806 (-67.7%), from €51,382 to €16,576
- Tax, wage and social debts -€19,309
down €19,309 (-31.1%), from €62,166 to €42,858
of which Remuneration and social security: -€28,823
- Gross operating margin +€60,556
up €60,556 (+34.7%), from €174,362 to €234,918
- Staff costs -€23,919
down €23,919 (-15.3%), from €156,290 to €132,370
- Taxes -€14,200
down €14,200 (-67.6%), from €20,998 to €6,797
- Depreciation +€4,473
up €4,473 (+47.2%), from €9,486 to €13,959
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 | €308,591 | €383,012 | +€74,421 | +24.1% |
| Fixed assets | 21/28 | €64,733 | €70,416 | +€5,684 | +8.8% |
| Tangible fixed assets | 22/27 | €64,733 | €53,416 | -€11,316 | -17.5% |
| Plant, machinery and equipment | 23 | €25,519 | €19,398 | -€6,121 | -24.0% |
| Furniture and vehicles | 24 | €4,602 | €2,956 | -€1,646 | -35.8% |
| Other tangible fixed assets | 26 | €34,613 | €31,063 | -€3,550 | -10.3% |
| Financial fixed assets | 28 | - | €17,000 | +€17,000 | |
| Current assets | 29/58 | €243,859 | €312,596 | +€68,737 | +28.2% |
| Stocks and contracts in progress | 3 | €5,330 | €7,471 | +€2,141 | +40.2% |
| Stocks | 30/36 | €5,330 | €7,471 | +€2,141 | +40.2% |
| Amounts receivable within one year | 40/41 | €5,134 | €17,246 | +€12,113 | +236% |
| Trade receivables | 40 | €5,134 | €17,246 | +€12,113 | +236% |
| Cash at bank and in hand | 54/58 | €232,824 | €287,841 | +€55,018 | +23.6% |
| Deferred charges and accrued income | 490/1 | €572 | €38 | -€534 | -93.4% |
| Total equity and liabilities | 10/49 | €308,591 | €383,012 | +€74,421 | +24.1% |
| Equity | 10/15 | €87,041 | €166,890 | +€79,849 | +91.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €85,041 | €164,890 | +€79,849 | +93.9% |
| Amounts payable | 17/49 | €221,550 | €216,122 | -€5,428 | -2.4% |
| Amounts payable within one year | 42/48 | €221,550 | €216,122 | -€5,428 | -2.4% |
| Trade debts | 44 | €51,382 | €16,576 | -€34,806 | -67.7% |
| Suppliers | 440/4 | €51,382 | €16,576 | -€34,806 | -67.7% |
| Taxes, remuneration and social security | 45 | €62,166 | €42,858 | -€19,309 | -31.1% |
| Taxes | 450/3 | €4,596 | €14,110 | +€9,514 | +207% |
| Remuneration and social security | 454/9 | €57,570 | €28,748 | -€28,823 | -50.1% |
| Other amounts payable | 47/48 | €108,001 | €156,688 | +€48,687 | +45.1% |
| Remuneration, social security and pensions | 62 | €156,290 | €132,370 | -€23,919 | -15.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,486 | €13,959 | +€4,473 | +47.2% |
| Other operating charges | 640/8 | €2,418 | €213 | -€2,205 | -91.2% |
| Non-recurring operating charges | 66A | - | €984 | +€984 | |
| Gross operating margin | 9900 | €174,362 | €234,918 | +€60,556 | +34.7% |
| Operating profit (loss) | 9901 | €6,168 | €87,392 | +€81,223 | +1,317% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €363 | €746 | +€382 | +105% |
| Recurring financial charges | 65 | €363 | €746 | +€382 | +105% |
| Profit (loss) for the period before taxes | 9903 | €5,805 | €86,646 | +€80,841 | +1,393% |
| Income taxes | 67/77 | €20,998 | €6,797 | -€14,200 | -67.6% |
| Profit (loss) for the period | 9904 | -€15,192 | €79,849 | +€95,041 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,192 | €79,849 | +€95,041 |
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 26 October 2026 via checked.be.