ISKH: 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.
ISKH
Largest movements
- Cash +€215,301
up €215,301 (+222.1%), from €96,952 to €312,253
mainly Net result for the year (+€191,866) and Trade debts (+€117,054)
- Tangible fixed assets -€33,631
down €33,631 (-4.1%), from €819,048 to €785,417
of which Land and buildings: -€28,445
- Trade debts +€117,054
up €117,054 (+672.5%), from €17,406 to €134,460
- Tax, wage and social debts +€72,476
up €72,476 (+754.9%), from €9,601 to €82,077
of which Taxes: +€64,475
- Debts after one year -€60,216
down €60,216 (-11.0%), from €549,193 to €488,978
- Other debts +€46,498
up €46,498 (+25.0%), from €185,707 to €232,204
- Gross operating margin +€91,229
up €91,229 (+28.9%), from €315,372 to €406,601
- Taxes +€34,848
up €34,848 (+97.4%), from €35,767 to €70,615
- Staff costs +€33,694
up €33,694 (+111.5%), from €30,206 to €63,900
- Depreciation +€8,226
up €8,226 (+14.9%), from €55,202 to €63,428
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 | €925,238 | €1,101,084 | +€175,846 | +19.0% |
| Fixed assets | 21/28 | €819,048 | €785,417 | -€33,631 | -4.1% |
| Tangible fixed assets | 22/27 | €819,048 | €785,417 | -€33,631 | -4.1% |
| Land and buildings | 22 | €609,720 | €581,275 | -€28,445 | -4.7% |
| Plant, machinery and equipment | 23 | €189,223 | €189,735 | +€512 | +0.3% |
| Furniture and vehicles | 24 | €20,105 | €14,406 | -€5,698 | -28.3% |
| Current assets | 29/58 | €106,190 | €315,667 | +€209,477 | +197.3% |
| Amounts receivable within one year | 40/41 | €7,794 | €3,414 | -€4,380 | -56.2% |
| Trade receivables | 40 | €3,561 | - | -€3,561 | |
| Other amounts receivable | 41 | €4,233 | €3,414 | -€819 | -19.3% |
| Cash at bank and in hand | 54/58 | €96,952 | €312,253 | +€215,301 | +222.1% |
| Deferred charges and accrued income | 490/1 | €1,444 | - | -€1,444 | |
| Total equity and liabilities | 10/49 | €925,238 | €1,101,084 | +€175,846 | +19.0% |
| Equity | 10/15 | €98,400 | €98,400 | = | 0.0% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €38,400 | €38,400 | = | 0.0% |
| Distributable reserves | 133 | €38,400 | €38,400 | = | 0.0% |
| Amounts payable | 17/49 | €826,838 | €1,002,684 | +€175,846 | +21.3% |
| Amounts payable after more than one year | 17 | €549,193 | €488,978 | -€60,216 | -11.0% |
| Financial debts | 170/4 | €549,193 | €488,978 | -€60,216 | -11.0% |
| Amounts payable within one year | 42/48 | €273,545 | €509,556 | +€236,012 | +86.3% |
| Current portion of amounts payable after more than one year | 42 | €60,831 | €60,816 | -€16 | 0.0% |
| Trade debts | 44 | €17,406 | €134,460 | +€117,054 | +672.5% |
| Suppliers | 440/4 | €17,406 | €134,460 | +€117,054 | +672.5% |
| Taxes, remuneration and social security | 45 | €9,601 | €82,077 | +€72,476 | +754.9% |
| Taxes | 450/3 | €5,320 | €69,796 | +€64,475 | +1211.9% |
| Remuneration and social security | 454/9 | €4,281 | €12,281 | +€8,000 | +186.9% |
| Other amounts payable | 47/48 | €185,707 | €232,204 | +€46,498 | +25.0% |
| Accrued charges and deferred income | 492/3 | €4,100 | €4,150 | +€50 | +1.2% |
| Remuneration, social security and pensions | 62 | €30,206 | €63,900 | +€33,694 | +111.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,202 | €63,428 | +€8,226 | +14.9% |
| Other operating charges | 640/8 | €4,214 | €6,747 | +€2,533 | +60.1% |
| Gross operating margin | 9900 | €315,372 | €406,601 | +€91,229 | +28.9% |
| Operating profit (loss) | 9901 | €225,750 | €272,527 | +€46,777 | +20.7% |
| Financial income | 75/76B | €409 | €8 | -€401 | -98.1% |
| Recurring financial income | 75 | €409 | €8 | -€401 | -98.1% |
| Financial charges | 65/66B | €10,050 | €10,054 | +€4 | 0.0% |
| Recurring financial charges | 65 | €10,050 | €10,054 | +€4 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €216,109 | €262,480 | +€46,371 | +21.5% |
| Income taxes | 67/77 | €35,767 | €70,615 | +€34,848 | +97.4% |
| Profit (loss) for the period | 9904 | €180,342 | €191,866 | +€11,524 | +6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €180,342 | €191,866 | +€11,524 | +6.4% |
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 30 September 2026 via checked.be.