Ismafa: 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.
Ismafa
Largest movements
- Receivables within one year -€14,150
down €14,150 (-58.0%), from €24,399 to €10,248
of which Trade receivables: -€16,271
- Tangible fixed assets -€3,909
down €3,909 (-15.0%), from €25,987 to €22,079
of which Furniture and vehicles: -€4,449
- Tax, wage and social debts -€16,719
down €16,719 (-74.6%), from €22,425 to €5,706
of which Taxes: -€11,844
- Trade debts -€2,252
down €2,252 (-74.3%), from €3,030 to €778
- Gross operating margin -€69,500
down €69,500 (-81.6%), from €85,214 to €15,714
- Staff costs -€45,829
down €45,829 (-81.9%), from €55,982 to €10,153
- Depreciation -€3,329
down €3,329 (-42.6%), from €7,807 to €4,478
- Taxes -€3,039
down €3,039 (-94.6%), from €3,214 to €175
- Other operating charges -€1,370
down €1,370 (-91.8%), from €1,493 to €123
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,205 | €46,698 | -€18,507 | -28.4% |
| Fixed assets | 21/28 | €39,987 | €36,079 | -€3,909 | -9.8% |
| Tangible fixed assets | 22/27 | €25,987 | €22,079 | -€3,909 | -15.0% |
| Plant, machinery and equipment | 23 | €781 | €1,321 | +€540 | +69.2% |
| Furniture and vehicles | 24 | €25,207 | €20,758 | -€4,449 | -17.7% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €25,218 | €10,620 | -€14,598 | -57.9% |
| Amounts receivable within one year | 40/41 | €24,399 | €10,248 | -€14,150 | -58.0% |
| Trade receivables | 40 | €18,164 | €1,893 | -€16,271 | -89.6% |
| Other amounts receivable | 41 | €6,234 | €8,355 | +€2,121 | +34.0% |
| Cash at bank and in hand | 54/58 | €819 | €371 | -€448 | -54.7% |
| Total equity and liabilities | 10/49 | €65,205 | €46,698 | -€18,507 | -28.4% |
| Equity | 10/15 | €39,750 | €40,215 | +€464 | +1.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,750 | €32,215 | +€464 | +1.5% |
| Amounts payable | 17/49 | €25,455 | €6,484 | -€18,971 | -74.5% |
| Amounts payable within one year | 42/48 | €25,455 | €6,484 | -€18,971 | -74.5% |
| Trade debts | 44 | €3,030 | €778 | -€2,252 | -74.3% |
| Suppliers | 440/4 | €3,030 | €778 | -€2,252 | -74.3% |
| Taxes, remuneration and social security | 45 | €22,425 | €5,706 | -€16,719 | -74.6% |
| Taxes | 450/3 | €17,550 | €5,706 | -€11,844 | -67.5% |
| Remuneration and social security | 454/9 | €4,875 | - | -€4,875 | |
| Non-recurring operating income | 76A | - | €569 | +€569 | |
| Remuneration, social security and pensions | 62 | €55,982 | €10,153 | -€45,829 | -81.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,807 | €4,478 | -€3,329 | -42.6% |
| Other operating charges | 640/8 | €1,493 | €123 | -€1,370 | -91.8% |
| Non-recurring operating charges | 66A | €3,729 | - | -€3,729 | |
| Gross operating margin | 9900 | €85,214 | €15,714 | -€69,500 | -81.6% |
| Operating profit (loss) | 9901 | €16,203 | €960 | -€15,243 | -94.1% |
| Financial income | 75/76B | €1 | €227 | +€227 | +37773.3% |
| Recurring financial income | 75 | €1 | €227 | +€227 | +37773.3% |
| Financial charges | 65/66B | €1,575 | €548 | -€1,027 | -65.2% |
| Recurring financial charges | 65 | €1,575 | €548 | -€1,027 | -65.2% |
| Profit (loss) for the period before taxes | 9903 | €14,628 | €639 | -€13,989 | -95.6% |
| Income taxes | 67/77 | €3,214 | €175 | -€3,039 | -94.6% |
| Profit (loss) for the period | 9904 | €11,415 | €464 | -€10,950 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,415 | €464 | -€10,950 | -95.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.