Iskra Smart Solutions: 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.
Iskra Smart Solutions
Largest movements
- Deferred charges and accrued income -€70,020
down €70,020 (-80.0%), from €87,489 to €17,469
- Receivables within one year +€58,510
up €58,510 (+474%), from €12,346 to €70,856
of which Trade receivables: +€44,961
- Cash -€19,176
down €19,176 (-37.6%), from €51,036 to €31,859
mainly Receivables within one year (-€58,510) and Investment in fixed assets (net) (-€19,305)
- Tangible fixed assets +€12,399
up €12,399 (+10.4%), from €118,756 to €131,155
of which Furniture and vehicles: +€14,815
- Debts after one year -€11,330
down €11,330 (-79.8%), from €14,197 to €2,868
- Trade debts -€5,973
down €5,973 (-56.3%), from €10,601 to €4,628
- Tax, wage and social debts -€5,961
down €5,961 (-17.9%), from €33,325 to €27,365
of which Taxes: -€4,655
- Accrued charges and deferred income +€4,473
up €4,473 (+28.4%), from €15,774 to €20,247
- Gross operating margin -€58,554
down €58,554 (-77.5%), from €75,520 to €16,965
- Taxes -€17,683
down €17,683 (-86.3%), from €20,484 to €2,802
- Financial income -€2,828
down €2,828 (-99.6%), from €2,838 to €10
- Other operating charges +€2,716
up €2,716 (+77.9%), from €3,487 to €6,203
- Depreciation +€863
up €863 (+14.3%), from €6,043 to €6,905
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 | €269,626 | €251,339 | -€18,288 | -6.8% |
| Fixed assets | 21/28 | €118,756 | €131,155 | +€12,399 | +10.4% |
| Tangible fixed assets | 22/27 | €118,756 | €131,155 | +€12,399 | +10.4% |
| Land and buildings | 22 | €109,244 | €106,086 | -€3,158 | -2.9% |
| Plant, machinery and equipment | 23 | €1,783 | €2,526 | +€743 | +41.6% |
| Furniture and vehicles | 24 | €7,729 | €22,544 | +€14,815 | +192% |
| Current assets | 29/58 | €150,871 | €120,184 | -€30,687 | -20.3% |
| Amounts receivable within one year | 40/41 | €12,346 | €70,856 | +€58,510 | +474% |
| Trade receivables | 40 | €12,346 | €57,307 | +€44,961 | +364% |
| Other amounts receivable | 41 | €0 | €13,548 | +€13,548 | |
| Cash at bank and in hand | 54/58 | €51,036 | €31,859 | -€19,176 | -37.6% |
| Deferred charges and accrued income | 490/1 | €87,489 | €17,469 | -€70,020 | -80.0% |
| Total equity and liabilities | 10/49 | €269,626 | €251,339 | -€18,288 | -6.8% |
| Equity | 10/15 | €175,263 | €175,414 | +€151 | +0.1% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €113,725 | €113,725 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €111,865 | €111,865 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,238 | €55,388 | +€151 | +0.3% |
| Amounts payable | 17/49 | €94,363 | €75,925 | -€18,438 | -19.5% |
| Amounts payable after more than one year | 17 | €14,197 | €2,868 | -€11,330 | -79.8% |
| Financial debts | 170/4 | €14,197 | €2,868 | -€11,330 | -79.8% |
| Amounts payable within one year | 42/48 | €64,392 | €52,811 | -€11,582 | -18.0% |
| Current portion of amounts payable after more than one year | 42 | €11,104 | €11,330 | +€225 | +2.0% |
| Trade debts | 44 | €10,601 | €4,628 | -€5,973 | -56.3% |
| Suppliers | 440/4 | €10,601 | €4,628 | -€5,973 | -56.3% |
| Advances received on contracts in progress | 46 | - | €934 | +€934 | |
| Taxes, remuneration and social security | 45 | €33,325 | €27,365 | -€5,961 | -17.9% |
| Taxes | 450/3 | €30,709 | €26,054 | -€4,655 | -15.2% |
| Remuneration and social security | 454/9 | €2,617 | €1,311 | -€1,306 | -49.9% |
| Other amounts payable | 47/48 | €9,361 | €8,554 | -€807 | -8.6% |
| Accrued charges and deferred income | 492/3 | €15,774 | €20,247 | +€4,473 | +28.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,043 | €6,905 | +€863 | +14.3% |
| Other operating charges | 640/8 | €3,487 | €6,203 | +€2,716 | +77.9% |
| Gross operating margin | 9900 | €75,520 | €16,965 | -€58,554 | -77.5% |
| Operating profit (loss) | 9901 | €65,990 | €3,857 | -€62,133 | -94.2% |
| Financial income | 75/76B | €2,838 | €10 | -€2,828 | -99.6% |
| Recurring financial income | 75 | €2,838 | €10 | -€2,828 | -99.6% |
| Financial charges | 65/66B | €1,104 | €915 | -€188 | -17.1% |
| Recurring financial charges | 65 | €1,104 | €915 | -€188 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €67,725 | €2,952 | -€64,772 | -95.6% |
| Income taxes | 67/77 | €20,484 | €2,802 | -€17,683 | -86.3% |
| Profit (loss) for the period | 9904 | €47,240 | €151 | -€47,090 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €47,240 | €151 | -€47,090 | -99.7% |
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 26 October 2026 via checked.be.