ISDE: 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.
ISDE
Largest movements
- Cash +€4,662
up €4,662 (+83.1%), from €5,609 to €10,271
mainly Net result for the year (+€9,350) and Depreciation (+€4,562)
- Tangible fixed assets -€3,225
down €3,225 (-25.1%), from €12,861 to €9,636
- Receivables within one year +€1,445
up €1,445 (+6.5%), from €22,360 to €23,805
of which Other amounts receivable: +€2,100
- Profit (loss) carried forward +€9,350
up €9,350 (+48.8%), from -€19,161 to -€9,811
- Trade debts -€7,724
down €7,724 (-61.1%), from €12,639 to €4,916
- Tax, wage and social debts +€1,255
up €1,255 (+15.6%), from €8,053 to €9,308
of which Remuneration and social security: +€2,454
- Gross operating margin -€10,344
down €10,344 (-26.1%), from €39,637 to €29,292
- Staff costs -€5,434
down €5,434 (-33.7%), from €16,142 to €10,708
- Other operating charges -€1,896
down €1,896 (-72.6%), from €2,612 to €716
- Taxes -€1,042
down €1,042 (-22.9%), from €4,542 to €3,500
- Depreciation +€759
up €759 (+19.9%), from €3,804 to €4,562
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 | €41,131 | €44,013 | +€2,881 | +7.0% |
| Fixed assets | 21/28 | €12,861 | €9,636 | -€3,225 | -25.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €12,861 | €9,636 | -€3,225 | -25.1% |
| Land and buildings | 22 | €1,047 | €398 | -€649 | -62.0% |
| Plant, machinery and equipment | 23 | €4,834 | €3,722 | -€1,112 | -23.0% |
| Furniture and vehicles | 24 | €6,981 | €5,517 | -€1,464 | -21.0% |
| Current assets | 29/58 | €28,270 | €34,376 | +€6,107 | +21.6% |
| Amounts receivable within one year | 40/41 | €22,360 | €23,805 | +€1,445 | +6.5% |
| Trade receivables | 40 | €13,256 | €12,600 | -€655 | -4.9% |
| Other amounts receivable | 41 | €9,105 | €11,205 | +€2,100 | +23.1% |
| Cash at bank and in hand | 54/58 | €5,609 | €10,271 | +€4,662 | +83.1% |
| Deferred charges and accrued income | 490/1 | €300 | €300 | = | 0.0% |
| Total equity and liabilities | 10/49 | €41,131 | €44,013 | +€2,881 | +7.0% |
| Equity | 10/15 | €20,439 | €29,789 | +€9,350 | +45.7% |
| Contributions | 10/11 | €36,000 | €36,000 | = | 0.0% |
| Reserves | 13 | €3,600 | €3,600 | = | 0.0% |
| Distributable reserves | 133 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,161 | -€9,811 | +€9,350 | +48.8% |
| Amounts payable | 17/49 | €20,692 | €14,223 | -€6,469 | -31.3% |
| Amounts payable within one year | 42/48 | €20,692 | €14,223 | -€6,469 | -31.3% |
| Trade debts | 44 | €12,639 | €4,916 | -€7,724 | -61.1% |
| Suppliers | 440/4 | €12,639 | €4,916 | -€7,724 | -61.1% |
| Taxes, remuneration and social security | 45 | €8,053 | €9,308 | +€1,255 | +15.6% |
| Taxes | 450/3 | €8,053 | €6,854 | -€1,199 | -14.9% |
| Remuneration and social security | 454/9 | - | €2,454 | +€2,454 | |
| Remuneration, social security and pensions | 62 | €16,142 | €10,708 | -€5,434 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,804 | €4,562 | +€759 | +19.9% |
| Other operating charges | 640/8 | €2,612 | €716 | -€1,896 | -72.6% |
| Gross operating margin | 9900 | €39,637 | €29,292 | -€10,344 | -26.1% |
| Operating profit (loss) | 9901 | €17,079 | €13,307 | -€3,773 | -22.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €353 | €457 | +€104 | +29.5% |
| Recurring financial charges | 65 | €353 | €457 | +€104 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | €16,727 | €12,850 | -€3,877 | -23.2% |
| Income taxes | 67/77 | €4,542 | €3,500 | -€1,042 | -22.9% |
| Profit (loss) for the period | 9904 | €12,185 | €9,350 | -€2,835 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €12,185 | €9,350 | -€2,835 | -23.3% |
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 15 October 2026 via checked.be.