ISI-WAY: 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-WAY
Largest movements
- Cash +€32,774
up €32,774 (+69.5%), from €47,160 to €79,934
mainly Trade debts (+€34,564) and Receivables within one year (+€3,748)
- Tangible fixed assets +€5,023
new in 2025: €5,023
- Receivables within one year -€3,748
down €3,748 (-27.1%), from €13,819 to €10,072
of which Trade receivables: -€7,220
- Trade debts +€34,564
new in 2025: €34,564
- Tax, wage and social debts -€3,532
down €3,532 (-22.4%), from €15,758 to €12,226
of which Taxes: -€5,842
- Profit (loss) carried forward +€2,768
up €2,768 (+17.4%), from €15,870 to €18,638
- Turnover +€190,068
new in 2025: €190,068
- Purchases and services +€131,575
new in 2025: €131,575
- Gross operating margin -€19,110
down €19,110 (-23.6%), from €80,984 to €61,873
- Taxes -€4,806
down €4,806 (-65.0%), from €7,389 to €2,583
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 | €61,445 | €95,245 | +€33,800 | +55.0% |
| Formation expenses | 20 | €366 | €117 | -€249 | -68.1% |
| Fixed assets | 21/28 | €100 | €5,123 | +€5,023 | +5,023% |
| Tangible fixed assets | 22/27 | - | €5,023 | +€5,023 | |
| Other tangible fixed assets | 26 | - | €5,023 | +€5,023 | |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €60,979 | €90,005 | +€29,026 | +47.6% |
| Amounts receivable within one year | 40/41 | €13,819 | €10,072 | -€3,748 | -27.1% |
| Trade receivables | 40 | €11,999 | €4,780 | -€7,220 | -60.2% |
| Other amounts receivable | 41 | €1,820 | €5,292 | +€3,472 | +191% |
| Cash at bank and in hand | 54/58 | €47,160 | €79,934 | +€32,774 | +69.5% |
| Total equity and liabilities | 10/49 | €61,445 | €95,245 | +€33,800 | +55.0% |
| Equity | 10/15 | €45,687 | €48,455 | +€2,768 | +6.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €9,817 | €9,817 | = | 0.0% |
| Distributable reserves | 133 | €9,817 | €9,817 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,870 | €18,638 | +€2,768 | +17.4% |
| Amounts payable | 17/49 | €15,758 | €46,790 | +€31,032 | +197% |
| Amounts payable within one year | 42/48 | €15,758 | €46,790 | +€31,032 | +197% |
| Trade debts | 44 | - | €34,564 | +€34,564 | |
| Suppliers | 440/4 | - | €34,564 | +€34,564 | |
| Taxes, remuneration and social security | 45 | €15,758 | €12,226 | -€3,532 | -22.4% |
| Taxes | 450/3 | €7,021 | €1,180 | -€5,842 | -83.2% |
| Remuneration and social security | 454/9 | €8,737 | €11,047 | +€2,310 | +26.4% |
| Turnover | 70 | - | €190,068 | +€190,068 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €131,575 | +€131,575 | |
| Remuneration, social security and pensions | 62 | €55,857 | €54,460 | -€1,397 | -2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €513 | +€264 | +106% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €80,984 | €61,873 | -€19,110 | -23.6% |
| Operating profit (loss) | 9901 | €24,877 | €6,500 | -€18,377 | -73.9% |
| Financial income | 75/76B | €76 | €32 | -€44 | -58.0% |
| Recurring financial income | 75 | €76 | €32 | -€44 | -58.0% |
| Financial charges | 65/66B | €1,695 | €1,181 | -€513 | -30.3% |
| Recurring financial charges | 65 | €1,695 | €1,181 | -€513 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €23,258 | €5,350 | -€17,908 | -77.0% |
| Income taxes | 67/77 | €7,389 | €2,583 | -€4,806 | -65.0% |
| Profit (loss) for the period | 9904 | €15,870 | €2,768 | -€13,102 | -82.6% |
| Profit (loss) for the period to be appropriated | 9905 | €15,870 | €2,768 | -€13,102 | -82.6% |
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 19 October 2026 via checked.be.