ISM CONCEPT: what changed
ISM CONCEPT
Largest movements
- Receivables within one year -€18,197
down €18,197 (-40.4%), from €45,043 to €26,845
of which Trade receivables: -€32,328
- Cash +€3,888
up €3,888 (+2,043%), from €190 to €4,078
mainly Receivables within one year (+€18,197) and Tax, wage and social debts (+€1,096)
- Trade debts -€12,964
down €12,964 (-42.7%), from €30,329 to €17,365
- Other debts -€3,049
no longer reported in 2025 (was €3,049)
- Tax, wage and social debts +€1,096
up €1,096 (+54.5%), from €2,013 to €3,109
- Profit (loss) carried forward +€606
up €606 (+15.9%), from €3,814 to €4,420
- Gross operating margin -€2,054
down €2,054 (-46.7%), from €4,401 to €2,348
- Financial charges +€770
up €770 (+473%), from €163 to €932
- Other operating charges -€485
down €485 (-59.9%), from €810 to €325
- Taxes -€428
down €428 (-46.9%), from €912 to €485
- Staff costs -€77
no longer reported in 2025 (was €77)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €45,233 | €30,923 | -€14,310 | -31.6% |
| Current assets | 29/58 | €45,233 | €30,923 | -€14,310 | -31.6% |
| Amounts receivable within one year | 40/41 | €45,043 | €26,845 | -€18,197 | -40.4% |
| Trade receivables | 40 | €45,043 | €12,715 | -€32,328 | -71.8% |
| Other amounts receivable | 41 | - | €14,130 | +€14,130 | |
| Cash at bank and in hand | 54/58 | €190 | €4,078 | +€3,888 | +2,043% |
| Total equity and liabilities | 10/49 | €45,233 | €30,923 | -€14,310 | -31.6% |
| Equity | 10/15 | €9,814 | €10,420 | +€606 | +6.2% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,814 | €4,420 | +€606 | +15.9% |
| Amounts payable | 17/49 | €35,419 | €20,503 | -€14,916 | -42.1% |
| Amounts payable within one year | 42/48 | €35,419 | €20,503 | -€14,916 | -42.1% |
| Financial debts | 43 | €29 | €29 | +€1 | +2.0% |
| Credit institutions | 430/8 | €29 | €29 | +€1 | +2.0% |
| Trade debts | 44 | €30,329 | €17,365 | -€12,964 | -42.7% |
| Suppliers | 440/4 | €30,329 | €17,365 | -€12,964 | -42.7% |
| Taxes, remuneration and social security | 45 | €2,013 | €3,109 | +€1,096 | +54.5% |
| Taxes | 450/3 | €2,013 | €3,109 | +€1,096 | +54.5% |
| Other amounts payable | 47/48 | €3,049 | - | -€3,049 | |
| Remuneration, social security and pensions | 62 | €77 | - | -€77 | |
| Other operating charges | 640/8 | €810 | €325 | -€485 | -59.9% |
| Gross operating margin | 9900 | €4,401 | €2,348 | -€2,054 | -46.7% |
| Operating profit (loss) | 9901 | €3,514 | €2,023 | -€1,491 | -42.4% |
| Financial charges | 65/66B | €163 | €932 | +€770 | +473% |
| Recurring financial charges | 65 | €163 | €932 | +€770 | +473% |
| Profit (loss) for the period before taxes | 9903 | €3,351 | €1,090 | -€2,261 | -67.5% |
| Income taxes | 67/77 | €912 | €485 | -€428 | -46.9% |
| Profit (loss) for the period | 9904 | €2,439 | €606 | -€1,833 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,439 | €606 | -€1,833 | -75.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.