Isimco: 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.
Isimco
Largest movements
- Cash +€46,858
up €46,858 (+473.4%), from €9,898 to €56,756
mainly Net result for the year (+€35,151) and Depreciation (+€30,307)
- Tangible fixed assets -€23,289
down €23,289 (-4.1%), from €566,113 to €542,824
of which Land and buildings: -€22,109
- Receivables within one year -€17,601
down €17,601 (-55.1%), from €31,925 to €14,324
of which Trade receivables: -€17,763
- Debts after one year -€39,452
down €39,452 (-11.6%), from €338,852 to €299,400
- Profit (loss) carried forward -€25,682
down €25,682 (-49.8%), from €51,558 to €25,877
- Reserves +€25,000
up €25,000 (+35.8%), from €69,794 to €94,794
of which Distributable reserves: +€26,860
- Tax, wage and social debts +€16,876
up €16,876 (+50.3%), from €33,570 to €50,445
of which Taxes: +€10,260
- Other debts +€15,262
up €15,262 (+22.3%), from €68,511 to €83,773
- Gross operating margin +€13,970
up €13,970 (+12.4%), from €112,262 to €126,231
- Staff costs +€1,585
up €1,585 (+4.8%), from €33,079 to €34,664
- Financial charges -€1,451
down €1,451 (-11.3%), from €12,855 to €11,404
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 | €609,109 | €614,960 | +€5,850 | +1.0% |
| Fixed assets | 21/28 | €566,113 | €542,824 | -€23,289 | -4.1% |
| Tangible fixed assets | 22/27 | €566,113 | €542,824 | -€23,289 | -4.1% |
| Land and buildings | 22 | €563,632 | €541,524 | -€22,109 | -3.9% |
| Plant, machinery and equipment | 23 | €1,504 | €933 | -€570 | -37.9% |
| Furniture and vehicles | 24 | €977 | €367 | -€610 | -62.5% |
| Current assets | 29/58 | €42,996 | €72,136 | +€29,140 | +67.8% |
| Amounts receivable within one year | 40/41 | €31,925 | €14,324 | -€17,601 | -55.1% |
| Trade receivables | 40 | €31,925 | €14,161 | -€17,763 | -55.6% |
| Other amounts receivable | 41 | - | €162 | +€162 | |
| Cash at bank and in hand | 54/58 | €9,898 | €56,756 | +€46,858 | +473.4% |
| Deferred charges and accrued income | 490/1 | €1,173 | €1,056 | -€117 | -10.0% |
| Total equity and liabilities | 10/49 | €609,109 | €614,960 | +€5,850 | +1.0% |
| Equity | 10/15 | €127,553 | €139,271 | +€11,718 | +9.2% |
| Contributions | 10/11 | €6,200 | €18,600 | +€12,400 | +200.0% |
| Outside capital | 11 | €6,200 | - | -€6,200 | |
| Other | 1109/19 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €69,794 | €94,794 | +€25,000 | +35.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Tax-exempt reserves | 132 | €36,534 | €36,534 | = | 0.0% |
| Distributable reserves | 133 | €31,400 | €58,260 | +€26,860 | +85.5% |
| Profit (loss) carried forward | 14 | €51,558 | €25,877 | -€25,682 | -49.8% |
| Amounts payable | 17/49 | €481,557 | €475,689 | -€5,868 | -1.2% |
| Amounts payable after more than one year | 17 | €338,852 | €299,400 | -€39,452 | -11.6% |
| Financial debts | 170/4 | €338,852 | €299,400 | -€39,452 | -11.6% |
| Amounts payable within one year | 42/48 | €142,705 | €176,288 | +€33,584 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €38,722 | €39,452 | +€730 | +1.9% |
| Trade debts | 44 | €1,901 | €2,618 | +€717 | +37.7% |
| Suppliers | 440/4 | €1,901 | €2,618 | +€717 | +37.7% |
| Taxes, remuneration and social security | 45 | €33,570 | €50,445 | +€16,876 | +50.3% |
| Taxes | 450/3 | €23,236 | €33,497 | +€10,260 | +44.2% |
| Remuneration and social security | 454/9 | €10,333 | €16,949 | +€6,615 | +64.0% |
| Other amounts payable | 47/48 | €68,511 | €83,773 | +€15,262 | +22.3% |
| Non-recurring operating income | 76A | €579 | €0 | -€579 | -100.0% |
| Remuneration, social security and pensions | 62 | €33,079 | €34,664 | +€1,585 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,682 | €30,307 | +€624 | +2.1% |
| Other operating charges | 640/8 | €4,048 | €4,318 | +€270 | +6.7% |
| Gross operating margin | 9900 | €112,262 | €126,231 | +€13,970 | +12.4% |
| Operating profit (loss) | 9901 | €45,452 | €56,943 | +€11,490 | +25.3% |
| Financial income | 75/76B | €37 | €0 | -€37 | -99.1% |
| Recurring financial income | 75 | €37 | €0 | -€37 | -99.1% |
| Financial charges | 65/66B | €12,855 | €11,404 | -€1,451 | -11.3% |
| Recurring financial charges | 65 | €12,855 | €11,404 | -€1,451 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €32,634 | €45,539 | +€12,905 | +39.5% |
| Income taxes | 67/77 | €10,301 | €10,388 | +€87 | +0.8% |
| Profit (loss) for the period | 9904 | €22,333 | €35,151 | +€12,818 | +57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €22,333 | €35,151 | +€12,818 | +57.4% |
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 8 October 2026 via checked.be.