ISED: 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.
ISED
Largest movements
- Receivables within one year -€11,145
down €11,145 (-95.3%), from €11,690 to €545
- Tangible fixed assets +€10,000
up €10,000 (+27.2%), from €36,715 to €46,715
of which Land and buildings: +€10,000
- Cash +€1,666
up €1,666 (+12.0%), from €13,942 to €15,608
mainly Receivables within one year (+€11,145) and Other debts (+€3,000)
- Other debts +€3,000
up €3,000 (+17.5%), from €17,165 to €20,165
- Reserves -€2,047
down €2,047 (-5.1%), from €40,070 to €38,022
of which Tax-exempt reserves: -€2,047
- Gross operating margin -€1,384
down €1,384 (-646.8%), from -€214 to -€1,598
- Other operating charges +€345
up €345 (+461.5%), from €75 to €420
- Financial charges -€236
down €236 (-27.8%), from €848 to €612
- Financial income +€126
up €126 (+101.7%), from €124 to €249
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,784 | €70,305 | +€521 | +0.7% |
| Fixed assets | 21/28 | €44,151 | €54,151 | +€10,000 | +22.6% |
| Tangible fixed assets | 22/27 | €36,715 | €46,715 | +€10,000 | +27.2% |
| Land and buildings | 22 | €36,715 | €46,715 | +€10,000 | +27.2% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Financial fixed assets | 28 | €7,437 | €7,437 | = | 0.0% |
| Current assets | 29/58 | €25,632 | €16,154 | -€9,479 | -37.0% |
| Amounts receivable within one year | 40/41 | €11,690 | €545 | -€11,145 | -95.3% |
| Other amounts receivable | 41 | €11,690 | €545 | -€11,145 | -95.3% |
| Cash at bank and in hand | 54/58 | €13,942 | €15,608 | +€1,666 | +12.0% |
| Total equity and liabilities | 10/49 | €69,784 | €70,305 | +€521 | +0.7% |
| Equity | 10/15 | €52,191 | €49,687 | -€2,505 | -4.8% |
| Contributions | 10/11 | €51,150 | €51,150 | = | 0.0% |
| Outside capital | 11 | €51,150 | - | -€51,150 | |
| Share premium | 1100/10 | €51,150 | - | -€51,150 | |
| Reserves | 13 | €40,070 | €38,022 | -€2,047 | -5.1% |
| Tax-exempt reserves | 132 | €37,535 | €35,488 | -€2,047 | -5.5% |
| Distributable reserves | 133 | €2,534 | €2,534 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,029 | -€39,486 | -€457 | -1.2% |
| Amounts payable | 17/49 | €17,593 | €20,619 | +€3,026 | +17.2% |
| Amounts payable within one year | 42/48 | €17,593 | €20,619 | +€3,026 | +17.2% |
| Trade debts | 44 | €427 | €453 | +€26 | +6.1% |
| Suppliers | 440/4 | €427 | €453 | +€26 | +6.1% |
| Other amounts payable | 47/48 | €17,165 | €20,165 | +€3,000 | +17.5% |
| Other operating charges | 640/8 | €75 | €420 | +€345 | +461.5% |
| Non-recurring operating charges | 66A | €1,250 | €128 | -€1,122 | -89.7% |
| Gross operating margin | 9900 | -€214 | -€1,598 | -€1,384 | -646.8% |
| Operating profit (loss) | 9901 | -€1,539 | -€2,146 | -€608 | -39.5% |
| Financial income | 75/76B | €124 | €249 | +€126 | +101.7% |
| Recurring financial income | 75 | €124 | €249 | +€126 | +101.7% |
| Financial charges | 65/66B | €848 | €612 | -€236 | -27.8% |
| Recurring financial charges | 65 | €848 | €612 | -€236 | -27.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,263 | -€2,509 | -€246 | -10.9% |
| Income taxes | 67/77 | €1 | -€5 | -€6 | |
| Profit (loss) for the period | 9904 | -€2,264 | -€2,505 | -€241 | -10.6% |
| Transfer from tax-exempt reserves | 789 | €2,047 | €2,047 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€217 | -€457 | -€241 | -111.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.