ISI_IN: what changed
Two financial 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.
ISI_IN
Largest movements
- Cash +€97,577
up €97,577 (+39.0%), from €249,987 to €347,564
mainly Net result for the year (+€89,370) and Depreciation (+€11,712)
- Receivables within one year +€17,551
up €17,551 (+95.2%), from €18,428 to €35,978
of which Other amounts receivable: +€14,417
- Tangible fixed assets -€11,712
down €11,712 (-31.6%), from €37,027 to €25,315
- Reserves +€89,370
up €89,370 (+32.8%), from €272,448 to €361,819
- Tax, wage and social debts +€8,454
up €8,454 (+30.9%), from €27,365 to €35,818
of which Taxes: +€8,454
- Short-term financial debts +€5,183
new in 2025: €5,183
- Gross operating margin +€33,135
up €33,135 (+25.2%), from €131,268 to €164,403
- Write-downs +€16,188
new in 2025: €16,188
- Taxes +€5,145
up €5,145 (+12.6%), from €40,854 to €45,999
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.
Derived cash bridge
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 | €306,173 | €409,182 | +€103,009 | +33.6% |
| Fixed assets | 21/28 | €37,027 | €25,315 | -€11,712 | -31.6% |
| Tangible fixed assets | 22/27 | €37,027 | €25,315 | -€11,712 | -31.6% |
| Land and buildings | 22 | €12,720 | €10,176 | -€2,544 | -20.0% |
| Furniture and vehicles | 24 | €6,137 | €1,528 | -€4,609 | -75.1% |
| Other tangible fixed assets | 26 | €18,169 | €13,610 | -€4,559 | -25.1% |
| Current assets | 29/58 | €269,146 | €383,867 | +€114,721 | +42.6% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €18,428 | €35,978 | +€17,551 | +95.2% |
| Trade receivables | 40 | €16,188 | €19,322 | +€3,134 | +19.4% |
| Other amounts receivable | 41 | €2,240 | €16,656 | +€14,417 | +644% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €249,987 | €347,564 | +€97,577 | +39.0% |
| Deferred charges and accrued income | 490/1 | €731 | €325 | -€406 | -55.6% |
| Total equity and liabilities | 10/49 | €306,173 | €409,182 | +€103,009 | +33.6% |
| Equity | 10/15 | €278,748 | €368,119 | +€89,370 | +32.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €272,448 | €361,819 | +€89,370 | +32.8% |
| Distributable reserves | 133 | €272,448 | €361,819 | +€89,370 | +32.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €27,424 | €41,063 | +€13,639 | +49.7% |
| Amounts payable within one year | 42/48 | €27,424 | €41,063 | +€13,639 | +49.7% |
| Financial debts | 43 | - | €5,183 | +€5,183 | |
| Credit institutions | 430/8 | - | €5,183 | +€5,183 | |
| Trade debts | 44 | €60 | €62 | +€2 | +3.7% |
| Suppliers | 440/4 | €60 | €62 | +€2 | +3.7% |
| Taxes, remuneration and social security | 45 | €27,365 | €35,818 | +€8,454 | +30.9% |
| Taxes | 450/3 | €27,365 | €35,818 | +€8,454 | +30.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,712 | €11,712 | +€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €16,188 | +€16,188 | |
| Other operating charges | 640/8 | €1,046 | €1,439 | +€393 | +37.5% |
| Gross operating margin | 9900 | €131,268 | €164,403 | +€33,135 | +25.2% |
| Operating profit (loss) | 9901 | €118,509 | €135,063 | +€16,554 | +14.0% |
| Financial income | 75/76B | €867 | €512 | -€355 | -40.9% |
| Recurring financial income | 75 | €867 | €512 | -€355 | -40.9% |
| Financial charges | 65/66B | €264 | €206 | -€58 | -22.0% |
| Recurring financial charges | 65 | €264 | €206 | -€58 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | €119,112 | €135,369 | +€16,258 | +13.6% |
| Income taxes | 67/77 | €40,854 | €45,999 | +€5,145 | +12.6% |
| Profit (loss) for the period | 9904 | €78,258 | €89,370 | +€11,112 | +14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,258 | €89,370 | +€11,112 | +14.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.