ISHOJO: 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.
ISHOJO
Largest movements
- Receivables within one year +€54,179
up €54,179 (+159.0%), from €34,083 to €88,262
- Tangible fixed assets -€5,333
down €5,333 (-78.2%), from €6,821 to €1,488
- Cash +€4,469
up €4,469 (+176.9%), from €2,527 to €6,996
mainly Net result for the year (+€26,788) and Tax, wage and social debts (+€11,545)
- Profit (loss) carried forward +€26,788
up €26,788 (+379.5%), from €7,059 to €33,847
- Tax, wage and social debts +€11,545
up €11,545 (+481.5%), from €2,398 to €13,942
of which Taxes: +€9,045
- Debts after one year +€9,077
new in 2025: €9,077
- Current portion of long-term debt +€4,549
new in 2025: €4,549
- Gross operating margin +€15,702
up €15,702 (+57.5%), from €27,321 to €43,023
- Depreciation -€5,097
down €5,097 (-48.9%), from €10,429 to €5,333
- Taxes +€4,647
up €4,647 (+193.8%), from €2,398 to €7,045
- Other operating charges -€4,611
down €4,611 (-78.9%), from €5,846 to €1,235
- Financial charges +€1,034
up €1,034 (+65.1%), from €1,588 to €2,622
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 | €43,431 | €96,747 | +€53,316 | +122.8% |
| Fixed assets | 21/28 | €6,821 | €1,488 | -€5,333 | -78.2% |
| Tangible fixed assets | 22/27 | €6,821 | €1,488 | -€5,333 | -78.2% |
| Furniture and vehicles | 24 | €6,821 | €1,488 | -€5,333 | -78.2% |
| Current assets | 29/58 | €36,610 | €95,259 | +€58,648 | +160.2% |
| Amounts receivable within one year | 40/41 | €34,083 | €88,262 | +€54,179 | +159.0% |
| Other amounts receivable | 41 | €34,083 | €88,262 | +€54,179 | +159.0% |
| Cash at bank and in hand | 54/58 | €2,527 | €6,996 | +€4,469 | +176.9% |
| Total equity and liabilities | 10/49 | €43,431 | €96,747 | +€53,316 | +122.8% |
| Equity | 10/15 | €12,059 | €38,847 | +€26,788 | +222.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,059 | €33,847 | +€26,788 | +379.5% |
| Amounts payable | 17/49 | €31,372 | €57,899 | +€26,528 | +84.6% |
| Amounts payable after more than one year | 17 | - | €9,077 | +€9,077 | |
| Financial debts | 170/4 | - | €9,077 | +€9,077 | |
| Amounts payable within one year | 42/48 | €30,600 | €47,650 | +€17,051 | +55.7% |
| Current portion of amounts payable after more than one year | 42 | - | €4,549 | +€4,549 | |
| Trade debts | 44 | €3,477 | €4,210 | +€733 | +21.1% |
| Suppliers | 440/4 | €3,477 | €4,210 | +€733 | +21.1% |
| Taxes, remuneration and social security | 45 | €2,398 | €13,942 | +€11,545 | +481.5% |
| Taxes | 450/3 | €2,398 | €11,442 | +€9,045 | +377.2% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €24,725 | €24,949 | +€224 | +0.9% |
| Accrued charges and deferred income | 492/3 | €772 | €1,172 | +€400 | +51.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,429 | €5,333 | -€5,097 | -48.9% |
| Other operating charges | 640/8 | €5,846 | €1,235 | -€4,611 | -78.9% |
| Gross operating margin | 9900 | €27,321 | €43,023 | +€15,702 | +57.5% |
| Operating profit (loss) | 9901 | €11,045 | €36,455 | +€25,409 | +230.0% |
| Financial charges | 65/66B | €1,588 | €2,622 | +€1,034 | +65.1% |
| Recurring financial charges | 65 | €1,588 | €2,622 | +€1,034 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €9,457 | €33,833 | +€24,375 | +257.7% |
| Income taxes | 67/77 | €2,398 | €7,045 | +€4,647 | +193.8% |
| Profit (loss) for the period | 9904 | €7,059 | €26,788 | +€19,728 | +279.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,059 | €26,788 | +€19,728 | +279.5% |
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 3 October 2026 via checked.be.