ISM Procession Projet: 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.
ISM Procession Projet
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+670%), from €153,766 to €1.2m
- Other debts +€706,392
new in 2025: €706,392
- Trade debts +€202,348
up €202,348 (+115%), from €176,515 to €378,863
- Short-term financial debts +€137,943
new in 2025: €137,943
- Gross operating margin +€4,652
up €4,652 (+37.9%), from -€12,281 to -€7,629
- Financial charges +€838
up €838 (+640%), from €131 to €969
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 | €160,199 | €1,197,885 | +€1.0m | +648% |
| Fixed assets | 21/28 | €153,766 | €1,184,368 | +€1.0m | +670% |
| Tangible fixed assets | 22/27 | €153,766 | €1,184,368 | +€1.0m | +670% |
| Land and buildings | 22 | €153,766 | €1,184,368 | +€1.0m | +670% |
| Current assets | 29/58 | €6,433 | €13,516 | +€7,084 | +110% |
| Amounts receivable within one year | 40/41 | €6,389 | €9,336 | +€2,947 | +46.1% |
| Other amounts receivable | 41 | €6,389 | €9,336 | +€2,947 | +46.1% |
| Cash at bank and in hand | 54/58 | €43 | - | -€43 | |
| Deferred charges and accrued income | 490/1 | - | €4,180 | +€4,180 | |
| Total equity and liabilities | 10/49 | €160,199 | €1,197,885 | +€1.0m | +648% |
| Equity | 10/15 | -€16,643 | -€25,640 | -€8,998 | -54.1% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€81,643 | -€90,640 | -€8,998 | -11.0% |
| Amounts payable | 17/49 | €176,841 | €1,223,525 | +€1.0m | +592% |
| Amounts payable within one year | 42/48 | €176,515 | €1,223,198 | +€1.0m | +593% |
| Financial debts | 43 | - | €137,943 | +€137,943 | |
| Credit institutions | 430/8 | - | €137,943 | +€137,943 | |
| Trade debts | 44 | €176,515 | €378,863 | +€202,348 | +115% |
| Suppliers | 440/4 | €176,515 | €378,863 | +€202,348 | +115% |
| Other amounts payable | 47/48 | - | €706,392 | +€706,392 | |
| Accrued charges and deferred income | 492/3 | €327 | €327 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€12,281 | -€7,629 | +€4,652 | +37.9% |
| Operating profit (loss) | 9901 | -€12,668 | -€8,029 | +€4,639 | +36.6% |
| Financial charges | 65/66B | €131 | €969 | +€838 | +640% |
| Recurring financial charges | 65 | €131 | €969 | +€838 | +640% |
| Profit (loss) for the period before taxes | 9903 | -€12,799 | -€8,998 | +€3,802 | +29.7% |
| Profit (loss) for the period | 9904 | -€12,799 | -€8,998 | +€3,802 | +29.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,799 | -€8,998 | +€3,802 | +29.7% |
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 15 October 2026 via checked.be.