ISHAN: 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.
ISHAN
Largest movements
- Cash -€11,074
down €11,074 (-81.1%), from €13,660 to €2,586
mainly Stocks and contracts (-€5,963) and Tax, wage and social debts (-€5,061)
- Stocks and contracts +€5,963
up €5,963 (+67.1%), from €8,887 to €14,850
- Receivables within one year +€1,576
up €1,576 (+11.8%), from €13,345 to €14,921
of which Other amounts receivable: +€1,576
- Tangible fixed assets -€484
down €484 (-100.0%), from €484 to €0
- Tax, wage and social debts -€5,061
down €5,061 (-98.9%), from €5,119 to €58
of which Taxes: -€5,061
- Trade debts +€1,451
up €1,451 (+745.7%), from €195 to €1,646
- Short-term financial debts -€620
down €620 (-100.0%), from €620 to €0
- Gross operating margin -€7,555
down €7,555 (-86.6%), from €8,724 to €1,169
- Staff costs -€2,259
down €2,259 (-100.0%), from €2,259 to €0
- Taxes -€1,050
down €1,050 (-94.8%), from €1,107 to €58
- Other operating charges -€418
down €418 (-36.7%), from €1,137 to €720
- Financial income +€294
up €294 (+66.1%), from €445 to €739
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 | €36,376 | €32,358 | -€4,018 | -11.0% |
| Fixed assets | 21/28 | €484 | €0 | -€484 | -100.0% |
| Tangible fixed assets | 22/27 | €484 | €0 | -€484 | -100.0% |
| Plant, machinery and equipment | 23 | €484 | €0 | -€484 | -100.0% |
| Current assets | 29/58 | €35,892 | €32,358 | -€3,534 | -9.8% |
| Stocks and contracts in progress | 3 | €8,887 | €14,850 | +€5,963 | +67.1% |
| Stocks | 30/36 | €8,887 | €14,850 | +€5,963 | +67.1% |
| Amounts receivable within one year | 40/41 | €13,345 | €14,921 | +€1,576 | +11.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €13,345 | €14,921 | +€1,576 | +11.8% |
| Cash at bank and in hand | 54/58 | €13,660 | €2,586 | -€11,074 | -81.1% |
| Total equity and liabilities | 10/49 | €36,376 | €32,358 | -€4,018 | -11.0% |
| Equity | 10/15 | €30,442 | €30,655 | +€213 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,842 | €12,055 | +€213 | +1.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,982 | €10,195 | +€213 | +2.1% |
| Amounts payable | 17/49 | €5,933 | €1,703 | -€4,230 | -71.3% |
| Amounts payable within one year | 42/48 | €5,933 | €1,703 | -€4,230 | -71.3% |
| Financial debts | 43 | €620 | €0 | -€620 | -100.0% |
| Credit institutions | 430/8 | €620 | €0 | -€620 | -100.0% |
| Trade debts | 44 | €195 | €1,646 | +€1,451 | +745.7% |
| Suppliers | 440/4 | €195 | €1,646 | +€1,451 | +745.7% |
| Taxes, remuneration and social security | 45 | €5,119 | €58 | -€5,061 | -98.9% |
| Taxes | 450/3 | €5,119 | €58 | -€5,061 | -98.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,259 | €0 | -€2,259 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €484 | €484 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,137 | €720 | -€418 | -36.7% |
| Gross operating margin | 9900 | €8,724 | €1,169 | -€7,555 | -86.6% |
| Operating profit (loss) | 9901 | €4,843 | -€34 | -€4,878 | |
| Financial income | 75/76B | €445 | €739 | +€294 | +66.1% |
| Recurring financial income | 75 | €445 | €739 | +€294 | +66.1% |
| Financial charges | 65/66B | €341 | €434 | +€94 | +27.5% |
| Recurring financial charges | 65 | €341 | €434 | +€94 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €4,948 | €270 | -€4,677 | -94.5% |
| Income taxes | 67/77 | €1,107 | €58 | -€1,050 | -94.8% |
| Profit (loss) for the period | 9904 | €3,840 | €213 | -€3,628 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,840 | €213 | -€3,628 | -94.5% |
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 4 October 2026 via checked.be.