ISITEC: 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.
ISITEC
Largest movements
- Cash +€165,078
up €165,078 (+140.7%), from €117,317 to €282,395
mainly Net result for the year (+€122,124) and Tax, wage and social debts (+€50,660)
- Reserves +€122,124
up €122,124 (+67.6%), from €180,583 to €302,707
of which Distributable reserves: +€155,919
- Tax, wage and social debts +€50,660
new in 2025: €50,660
- Provisions -€8,130
down €8,130 (-100.0%), from €8,130 to €0
- Gross operating margin +€150,075
up €150,075 (+847.8%), from €17,701 to €167,777
- Taxes +€50,660
up €50,660, from €0 to €50,660
- Depreciation -€8,505
down €8,505 (-94.0%), from €9,045 to €540
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 | €358,687 | €523,226 | +€164,538 | +45.9% |
| Fixed assets | 21/28 | €241,371 | €240,831 | -€540 | -0.2% |
| Tangible fixed assets | 22/27 | €241,371 | €240,831 | -€540 | -0.2% |
| Land and buildings | 22 | €241,371 | €240,831 | -€540 | -0.2% |
| Current assets | 29/58 | €117,317 | €282,395 | +€165,078 | +140.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €117,317 | €282,395 | +€165,078 | +140.7% |
| Total equity and liabilities | 10/49 | €358,687 | €523,226 | +€164,538 | +45.9% |
| Equity | 10/15 | €346,510 | €468,634 | +€122,124 | +35.2% |
| Contributions | 10/11 | €165,927 | €165,927 | = | 0.0% |
| Capital | 10 | €165,927 | €165,927 | = | 0.0% |
| Issued capital | 100 | €165,927 | €165,927 | = | 0.0% |
| Reserves | 13 | €180,583 | €302,707 | +€122,124 | +67.6% |
| Non-distributable reserves | 130/1 | €2,670 | €2,670 | = | 0.0% |
| Legal reserve | 130 | €2,670 | €2,670 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,795 | €0 | -€33,795 | -100.0% |
| Distributable reserves | 133 | €144,118 | €300,037 | +€155,919 | +108.2% |
| Provisions and deferred taxes | 16 | €8,130 | €0 | -€8,130 | -100.0% |
| Deferred taxes | 168 | €8,130 | €0 | -€8,130 | -100.0% |
| Amounts payable | 17/49 | €4,047 | €54,591 | +€50,545 | +1249.0% |
| Amounts payable within one year | 42/48 | €4,047 | €54,591 | +€50,545 | +1249.0% |
| Trade debts | 44 | €1,424 | €1,309 | -€115 | -8.1% |
| Suppliers | 440/4 | €1,424 | €1,309 | -€115 | -8.1% |
| Taxes, remuneration and social security | 45 | - | €50,660 | +€50,660 | |
| Taxes | 450/3 | - | €50,660 | +€50,660 | |
| Other amounts payable | 47/48 | €2,623 | €2,623 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,045 | €540 | -€8,505 | -94.0% |
| Other operating charges | 640/8 | €2,328 | €1,828 | -€500 | -21.5% |
| Gross operating margin | 9900 | €17,701 | €167,777 | +€150,075 | +847.8% |
| Operating profit (loss) | 9901 | €6,328 | €165,408 | +€159,080 | +2513.9% |
| Financial charges | 65/66B | €1,786 | €755 | -€1,031 | -57.7% |
| Recurring financial charges | 65 | €1,786 | €755 | -€1,031 | -57.7% |
| Profit (loss) for the period before taxes | 9903 | €4,542 | €164,653 | +€160,112 | +3525.3% |
| Transfer from deferred taxes | 780 | - | €8,130 | +€8,130 | |
| Income taxes | 67/77 | €0 | €50,660 | +€50,660 | |
| Profit (loss) for the period | 9904 | €4,542 | €122,124 | +€117,582 | +2588.9% |
| Transfer from tax-exempt reserves | 789 | - | €33,795 | +€33,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,542 | €155,919 | +€151,377 | +3333.0% |
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 28 September 2026 via checked.be.