ISEF: 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.
ISEF
Largest movements
- Cash -€706
down €706 (-36.5%), from €1,934 to €1,228
mainly Net result for the year (-€16,691) and Trade debts (-€1,344)
- Receivables within one year -€108
down €108 (-14.8%), from €731 to €623
- Profit (loss) carried forward -€16,691
down €16,691 (-34.3%), from -€48,595 to -€65,287
- Other debts +€10,714
up €10,714 (+40.0%), from €26,771 to €37,485
- Tax, wage and social debts +€4,489
new in 2023: €4,489
of which Remuneration and social security: +€3,297
- Short-term financial debts +€1,991
new in 2023: €1,991
- Trade debts -€1,344
down €1,344 (-8.7%), from €15,444 to €14,100
- Gross operating margin -€7,710
down €7,710 (-121.4%), from -€6,350 to -€14,060
- Other operating charges +€543
up €543 (+63.4%), from €856 to €1,398
- Financial charges -€253
down €253 (-17.0%), from €1,487 to €1,233
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,880 | €7,038 | -€841 | -10.7% |
| Fixed assets | 21/28 | €50 | €50 | = | 0.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €7,830 | €6,988 | -€841 | -10.7% |
| Stocks and contracts in progress | 3 | €5,057 | €5,057 | = | 0.0% |
| Stocks | 30/36 | €5,057 | €5,057 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €731 | €623 | -€108 | -14.8% |
| Other amounts receivable | 41 | €731 | €623 | -€108 | -14.8% |
| Cash at bank and in hand | 54/58 | €1,934 | €1,228 | -€706 | -36.5% |
| Deferred charges and accrued income | 490/1 | €108 | €81 | -€27 | -25.2% |
| Total equity and liabilities | 10/49 | €7,880 | €7,038 | -€841 | -10.7% |
| Equity | 10/15 | -€34,335 | -€51,027 | -€16,691 | -48.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,595 | -€65,287 | -€16,691 | -34.3% |
| Amounts payable | 17/49 | €42,215 | €58,065 | +€15,850 | +37.5% |
| Amounts payable within one year | 42/48 | €42,215 | €58,065 | +€15,850 | +37.5% |
| Financial debts | 43 | - | €1,991 | +€1,991 | |
| Credit institutions | 430/8 | - | €1,991 | +€1,991 | |
| Trade debts | 44 | €15,444 | €14,100 | -€1,344 | -8.7% |
| Suppliers | 440/4 | €15,444 | €14,100 | -€1,344 | -8.7% |
| Taxes, remuneration and social security | 45 | - | €4,489 | +€4,489 | |
| Taxes | 450/3 | - | €1,192 | +€1,192 | |
| Remuneration and social security | 454/9 | - | €3,297 | +€3,297 | |
| Other amounts payable | 47/48 | €26,771 | €37,485 | +€10,714 | +40.0% |
| Other operating charges | 640/8 | €856 | €1,398 | +€543 | +63.4% |
| Gross operating margin | 9900 | -€6,350 | -€14,060 | -€7,710 | -121.4% |
| Operating profit (loss) | 9901 | -€7,205 | -€15,458 | -€8,253 | -114.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,487 | €1,233 | -€253 | -17.0% |
| Recurring financial charges | 65 | €1,487 | €1,233 | -€253 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,692 | -€16,691 | -€8,000 | -92.0% |
| Profit (loss) for the period | 9904 | -€8,692 | -€16,691 | -€8,000 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,692 | -€16,691 | -€8,000 | -92.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.