Isminie: 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.
Isminie
Largest movements
- Receivables within one year +€40,057
up €40,057 (+99.2%), from €40,391 to €80,448
of which Trade receivables: +€30,000
- Cash -€8,302
down €8,302 (-43.1%), from €19,260 to €10,958
mainly Receivables within one year (-€40,057) and Debts after one year (-€20,467)
- Tangible fixed assets -€3,919
down €3,919 (-9.5%), from €41,442 to €37,523
of which Furniture and vehicles: -€7,555
- Reserves +€41,023
up €41,023 (+35.0%), from €117,309 to €158,332
- Debts after one year -€20,467
down €20,467 (-20.8%), from €98,345 to €77,878
- Other debts +€4,134
new in 2025: €4,134
- Current portion of long-term debt +€2,997
up €2,997 (+13.0%), from €23,104 to €26,100
- Gross operating margin -€9,422
down €9,422 (-10.7%), from €87,664 to €78,241
- Taxes -€5,952
down €5,952 (-21.4%), from €27,752 to €21,800
- Depreciation +€2,027
up €2,027 (+23.8%), from €8,506 to €10,533
- Other operating charges -€1,073
down €1,073 (-80.8%), from €1,328 to €254
- Financial charges -€1,055
down €1,055 (-17.9%), from €5,898 to €4,844
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 | €251,321 | €279,160 | +€27,840 | +11.1% |
| Fixed assets | 21/28 | €191,442 | €187,523 | -€3,919 | -2.0% |
| Tangible fixed assets | 22/27 | €41,442 | €37,523 | -€3,919 | -9.5% |
| Plant, machinery and equipment | 23 | €1,633 | €5,633 | +€3,999 | +245% |
| Furniture and vehicles | 24 | €36,207 | €28,652 | -€7,555 | -20.9% |
| Other tangible fixed assets | 26 | €3,601 | €3,238 | -€363 | -10.1% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €59,879 | €91,638 | +€31,759 | +53.0% |
| Amounts receivable within one year | 40/41 | €40,391 | €80,448 | +€40,057 | +99.2% |
| Trade receivables | 40 | €25,000 | €55,000 | +€30,000 | +120% |
| Other amounts receivable | 41 | €15,391 | €25,448 | +€10,057 | +65.3% |
| Cash at bank and in hand | 54/58 | €19,260 | €10,958 | -€8,302 | -43.1% |
| Deferred charges and accrued income | 490/1 | €227 | €231 | +€4 | +1.7% |
| Total equity and liabilities | 10/49 | €251,321 | €279,160 | +€27,840 | +11.1% |
| Equity | 10/15 | €127,309 | €168,332 | +€41,023 | +32.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €117,309 | €158,332 | +€41,023 | +35.0% |
| Distributable reserves | 133 | €117,309 | €158,332 | +€41,023 | +35.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €124,011 | €110,828 | -€13,183 | -10.6% |
| Amounts payable after more than one year | 17 | €98,345 | €77,878 | -€20,467 | -20.8% |
| Financial debts | 170/4 | €98,345 | €77,878 | -€20,467 | -20.8% |
| Amounts payable within one year | 42/48 | €25,666 | €32,950 | +€7,284 | +28.4% |
| Current portion of amounts payable after more than one year | 42 | €23,104 | €26,100 | +€2,997 | +13.0% |
| Trade debts | 44 | €2,562 | €2,715 | +€153 | +6.0% |
| Suppliers | 440/4 | €2,562 | €2,715 | +€153 | +6.0% |
| Other amounts payable | 47/48 | - | €4,134 | +€4,134 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,506 | €10,533 | +€2,027 | +23.8% |
| Other operating charges | 640/8 | €1,328 | €254 | -€1,073 | -80.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €87,664 | €78,241 | -€9,422 | -10.7% |
| Operating profit (loss) | 9901 | €77,830 | €67,454 | -€10,376 | -13.3% |
| Financial income | 75/76B | - | €212 | +€212 | |
| Recurring financial income | 75 | - | €212 | +€212 | |
| Financial charges | 65/66B | €5,898 | €4,844 | -€1,055 | -17.9% |
| Recurring financial charges | 65 | €5,898 | €4,844 | -€1,055 | -17.9% |
| Profit (loss) for the period before taxes | 9903 | €71,932 | €62,823 | -€9,109 | -12.7% |
| Income taxes | 67/77 | €27,752 | €21,800 | -€5,952 | -21.4% |
| Profit (loss) for the period | 9904 | €44,179 | €41,023 | -€3,157 | -7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,179 | €41,023 | -€3,157 | -7.1% |
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.