ISE GROUPS: 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.
ISE GROUPS
Largest movements
- Cash -€62,789
down €62,789 (-79.0%), from €79,460 to €16,672
mainly Receivables within one year (-€47,332) and Stocks and contracts (-€10,454)
- Receivables within one year +€47,332
up €47,332 (+149.7%), from €31,627 to €78,959
of which Other amounts receivable: +€53,210
- Stocks and contracts +€10,454
new in 2025: €10,454
- Tangible fixed assets +€4,364
up €4,364 (+142.4%), from €3,066 to €7,430
of which Furniture and vehicles: +€3,528
- Other debts -€7,791
no longer reported in 2025 (was €7,791)
- Profit (loss) carried forward +€6,080
up €6,080 (+8.3%), from €73,114 to €79,194
- Trade debts +€3,872
up €3,872 (+65.7%), from €5,893 to €9,765
- Tax, wage and social debts -€3,718
down €3,718 (-19.4%), from €19,138 to €15,420
- Gross operating margin -€43,240
down €43,240 (-69.9%), from €61,826 to €18,587
- Taxes -€10,014
down €10,014 (-65.4%), from €15,320 to €5,306
- Other operating charges +€2,974
up €2,974 (+124.3%), from €2,392 to €5,366
- Depreciation +€1,631
up €1,631 (+119.5%), from €1,365 to €2,996
- Financial income +€1,528
up €1,528 (+235060.0%), from €1 to €1,529
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 | €126,395 | €124,839 | -€1,556 | -1.2% |
| Fixed assets | 21/28 | €15,308 | €18,430 | +€3,122 | +20.4% |
| Intangible fixed assets | 21 | €12,242 | €11,000 | -€1,242 | -10.1% |
| Tangible fixed assets | 22/27 | €3,066 | €7,430 | +€4,364 | +142.4% |
| Plant, machinery and equipment | 23 | - | €836 | +€836 | |
| Furniture and vehicles | 24 | €3,066 | €6,594 | +€3,528 | +115.1% |
| Current assets | 29/58 | €111,087 | €106,409 | -€4,678 | -4.2% |
| Stocks and contracts in progress | 3 | - | €10,454 | +€10,454 | |
| Contracts in progress | 37 | - | €10,454 | +€10,454 | |
| Amounts receivable within one year | 40/41 | €31,627 | €78,959 | +€47,332 | +149.7% |
| Trade receivables | 40 | €24,587 | €18,709 | -€5,878 | -23.9% |
| Other amounts receivable | 41 | €7,040 | €60,250 | +€53,210 | +755.8% |
| Cash at bank and in hand | 54/58 | €79,460 | €16,672 | -€62,789 | -79.0% |
| Deferred charges and accrued income | 490/1 | - | €325 | +€325 | |
| Total equity and liabilities | 10/49 | €126,395 | €124,839 | -€1,556 | -1.2% |
| Equity | 10/15 | €93,574 | €99,654 | +€6,080 | +6.5% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,114 | €79,194 | +€6,080 | +8.3% |
| Amounts payable | 17/49 | €32,821 | €25,185 | -€7,636 | -23.3% |
| Amounts payable within one year | 42/48 | €32,821 | €25,185 | -€7,636 | -23.3% |
| Trade debts | 44 | €5,893 | €9,765 | +€3,872 | +65.7% |
| Suppliers | 440/4 | €5,893 | €9,765 | +€3,872 | +65.7% |
| Taxes, remuneration and social security | 45 | €19,138 | €15,420 | -€3,718 | -19.4% |
| Taxes | 450/3 | €19,138 | €15,420 | -€3,718 | -19.4% |
| Other amounts payable | 47/48 | €7,791 | - | -€7,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,365 | €2,996 | +€1,631 | +119.5% |
| Other operating charges | 640/8 | €2,392 | €5,366 | +€2,974 | +124.3% |
| Non-recurring operating charges | 66A | €8,317 | - | -€8,317 | |
| Gross operating margin | 9900 | €61,826 | €18,587 | -€43,240 | -69.9% |
| Operating profit (loss) | 9901 | €49,752 | €10,225 | -€39,527 | -79.4% |
| Financial income | 75/76B | €1 | €1,529 | +€1,528 | +235060.0% |
| Recurring financial income | 75 | €1 | €1,529 | +€1,528 | +235060.0% |
| Financial charges | 65/66B | €1,875 | €367 | -€1,508 | -80.4% |
| Recurring financial charges | 65 | €1,875 | €367 | -€1,508 | -80.4% |
| Profit (loss) for the period before taxes | 9903 | €47,878 | €11,386 | -€36,492 | -76.2% |
| Income taxes | 67/77 | €15,320 | €5,306 | -€10,014 | -65.4% |
| Profit (loss) for the period | 9904 | €32,558 | €6,080 | -€26,478 | -81.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,558 | €6,080 | -€26,478 | -81.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.