ISMATICS: 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.
ISMATICS
Largest movements
- Tangible fixed assets +€138,957
up €138,957 (+29.6%), from €469,454 to €608,412
of which Leasing and similar rights: +€152,650
- Cash -€50,519
down €50,519 (-61.4%), from €82,225 to €31,706
mainly Investment in fixed assets (net) (-€219,594) and Receivables within one year (-€43,524)
- Receivables within one year +€43,524
up €43,524 (+30.1%), from €144,425 to €187,949
of which Other amounts receivable: +€49,127
- Reserves +€94,000
up €94,000 (+36.3%), from €259,120 to €353,120
- Debts after one year +€31,029
up €31,029 (+8.0%), from €386,109 to €417,138
- Other debts -€30,000
no longer reported in 2025 (was €30,000)
- Tax, wage and social debts +€29,486
up €29,486 (+114.9%), from €25,653 to €55,139
- Current portion of long-term debt +€23,206
up €23,206 (+50.7%), from €45,765 to €68,971
- Gross operating margin +€42,038
up €42,038 (+21.3%), from €197,350 to €239,388
- Depreciation +€40,449
up €40,449 (+100.6%), from €40,188 to €80,636
- Taxes +€9,253
up €9,253 (+22.7%), from €40,801 to €50,054
- Financial charges +€3,490
up €3,490 (+34.9%), from €10,008 to €13,498
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 | €775,963 | €907,925 | +€131,962 | +17.0% |
| Fixed assets | 21/28 | €469,454 | €608,412 | +€138,957 | +29.6% |
| Tangible fixed assets | 22/27 | €469,454 | €608,412 | +€138,957 | +29.6% |
| Land and buildings | 22 | €21,688 | €29,888 | +€8,201 | +37.8% |
| Plant, machinery and equipment | 23 | €3,949 | €3,155 | -€795 | -20.1% |
| Furniture and vehicles | 24 | €139,861 | €118,762 | -€21,099 | -15.1% |
| Leasing and similar rights | 25 | €303,957 | €456,607 | +€152,650 | +50.2% |
| Current assets | 29/58 | €306,509 | €299,513 | -€6,996 | -2.3% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €144,425 | €187,949 | +€43,524 | +30.1% |
| Trade receivables | 40 | €70,885 | €65,281 | -€5,604 | -7.9% |
| Other amounts receivable | 41 | €73,540 | €122,668 | +€49,127 | +66.8% |
| Current investments | 50/53 | €4,859 | €4,859 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,225 | €31,706 | -€50,519 | -61.4% |
| Total equity and liabilities | 10/49 | €775,963 | €907,925 | +€131,962 | +17.0% |
| Equity | 10/15 | €266,320 | €361,096 | +€94,776 | +35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €259,120 | €353,120 | +€94,000 | +36.3% |
| Distributable reserves | 133 | €259,120 | €353,120 | +€94,000 | +36.3% |
| Profit (loss) carried forward | 14 | €1,000 | €1,776 | +€776 | +77.6% |
| Amounts payable | 17/49 | €509,643 | €546,829 | +€37,185 | +7.3% |
| Amounts payable after more than one year | 17 | €386,109 | €417,138 | +€31,029 | +8.0% |
| Financial debts | 170/4 | €386,109 | €417,138 | +€31,029 | +8.0% |
| Amounts payable within one year | 42/48 | €123,534 | €129,690 | +€6,156 | +5.0% |
| Current portion of amounts payable after more than one year | 42 | €45,765 | €68,971 | +€23,206 | +50.7% |
| Trade debts | 44 | €22,116 | €5,580 | -€16,535 | -74.8% |
| Suppliers | 440/4 | €22,116 | €5,580 | -€16,535 | -74.8% |
| Taxes, remuneration and social security | 45 | €25,653 | €55,139 | +€29,486 | +114.9% |
| Taxes | 450/3 | €25,653 | €55,139 | +€29,486 | +114.9% |
| Other amounts payable | 47/48 | €30,000 | - | -€30,000 | |
| Non-recurring operating income | 76A | €15,791 | - | -€15,791 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,188 | €80,636 | +€40,449 | +100.6% |
| Other operating charges | 640/8 | €3,300 | €4,141 | +€840 | +25.5% |
| Gross operating margin | 9900 | €197,350 | €239,388 | +€42,038 | +21.3% |
| Operating profit (loss) | 9901 | €153,862 | €154,611 | +€749 | +0.5% |
| Financial income | 75/76B | €2,009 | €3,717 | +€1,708 | +85.0% |
| Recurring financial income | 75 | €2,009 | €3,717 | +€1,708 | +85.0% |
| Financial charges | 65/66B | €10,008 | €13,498 | +€3,490 | +34.9% |
| Recurring financial charges | 65 | €10,008 | €13,498 | +€3,490 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €145,863 | €144,830 | -€1,032 | -0.7% |
| Income taxes | 67/77 | €40,801 | €50,054 | +€9,253 | +22.7% |
| Profit (loss) for the period | 9904 | €105,061 | €94,776 | -€10,285 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €105,061 | €94,776 | -€10,285 | -9.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.