ISDACO: 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.
ISDACO
Largest movements
- Cash +€65,151
up €65,151 (+151.4%), from €43,022 to €108,174
mainly Net result for the year (+€48,412) and Tax, wage and social debts (+€25,393)
- Receivables within one year +€13,085
up €13,085 (+5276.2%), from €248 to €13,333
of which Trade receivables: +€13,333
- Current investments -€1,367
no longer reported in 2025 (was €1,367)
- Reserves +€48,412
up €48,412 (+175.7%), from €27,558 to €75,971
of which Distributable reserves: +€48,412
- Tax, wage and social debts +€25,393
up €25,393 (+257.6%), from €9,859 to €35,252
of which Taxes: +€22,393
- Other debts +€4,175
new in 2025: €4,175
- Gross operating margin +€59,546
up €59,546 (+148.1%), from €40,194 to €99,740
- Write-downs +€34,292
new in 2025: €34,292
- Taxes +€3,228
up €3,228 (+32.7%), from €9,859 to €13,088
- Staff costs +€2,059
up €2,059 (+614.3%), from €335 to €2,394
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 | €44,637 | €121,507 | +€76,869 | +172.2% |
| Current assets | 29/58 | €44,637 | €121,507 | +€76,869 | +172.2% |
| Amounts receivable within one year | 40/41 | €248 | €13,333 | +€13,085 | +5276.2% |
| Trade receivables | 40 | - | €13,333 | +€13,333 | |
| Other amounts receivable | 41 | €248 | - | -€248 | |
| Current investments | 50/53 | €1,367 | - | -€1,367 | |
| Cash at bank and in hand | 54/58 | €43,022 | €108,174 | +€65,151 | +151.4% |
| Total equity and liabilities | 10/49 | €44,637 | €121,507 | +€76,869 | +172.2% |
| Equity | 10/15 | €30,558 | €78,971 | +€48,412 | +158.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Capital | 10 | - | €3,000 | +€3,000 | |
| Issued capital | 100 | - | €3,000 | +€3,000 | |
| Reserves | 13 | €27,558 | €75,971 | +€48,412 | +175.7% |
| Non-distributable reserves | 130/1 | €300 | €300 | = | 0.0% |
| Legal reserve | 130 | - | €300 | +€300 | |
| Reserves not available under the articles | 1311 | €300 | - | -€300 | |
| Distributable reserves | 133 | €27,258 | €75,671 | +€48,412 | +177.6% |
| Amounts payable | 17/49 | €14,079 | €42,536 | +€28,457 | +202.1% |
| Amounts payable within one year | 42/48 | €14,079 | €42,536 | +€28,457 | +202.1% |
| Trade debts | 44 | €4,219 | €3,109 | -€1,111 | -26.3% |
| Suppliers | 440/4 | €4,219 | €3,109 | -€1,111 | -26.3% |
| Taxes, remuneration and social security | 45 | €9,859 | €35,252 | +€25,393 | +257.6% |
| Taxes | 450/3 | €9,859 | €32,252 | +€22,393 | +227.1% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Other amounts payable | 47/48 | - | €4,175 | +€4,175 | |
| Remuneration, social security and pensions | 62 | €335 | €2,394 | +€2,059 | +614.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €34,292 | +€34,292 | |
| Other operating charges | 640/8 | €2,286 | €1,445 | -€841 | -36.8% |
| Gross operating margin | 9900 | €40,194 | €99,740 | +€59,546 | +148.1% |
| Operating profit (loss) | 9901 | €37,573 | €61,609 | +€24,036 | +64.0% |
| Financial charges | 65/66B | €155 | €109 | -€46 | -29.6% |
| Recurring financial charges | 65 | €155 | €109 | -€46 | -29.6% |
| Profit (loss) for the period before taxes | 9903 | €37,418 | €61,500 | +€24,082 | +64.4% |
| Income taxes | 67/77 | €9,859 | €13,088 | +€3,228 | +32.7% |
| Profit (loss) for the period | 9904 | €27,558 | €48,412 | +€20,854 | +75.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,558 | €48,412 | +€20,854 | +75.7% |
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 12 October 2026 via checked.be.