ISMO: 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.
ISMO
Largest movements
- Cash -€19,644
down €19,644 (-84.7%), from €23,192 to €3,548
mainly Receivables within one year (-€16,979) and Current investments (-€10,218)
- Receivables within one year +€16,979
up €16,979 (+692.2%), from €2,453 to €19,432
- Tangible fixed assets -€13,621
down €13,621 (-4.1%), from €332,276 to €318,654
of which Land and buildings: -€13,249
- Current investments +€10,218
up €10,218 (+417.5%), from €2,448 to €12,665
- Reserves -€3,849
down €3,849 (-3.8%), from €100,044 to €96,195
of which Tax-exempt reserves: -€3,221
- Gross operating margin -€11,528
down €11,528 (-46.9%), from €24,581 to €13,052
- Depreciation -€4,288
down €4,288 (-23.9%), from €17,909 to €13,621
- Taxes -€1,547
down €1,547 (-72.3%), from €2,140 to €593
- Other operating charges +€658
up €658 (+18.2%), from €3,616 to €4,274
- Financial income +€402
up €402 (+616.8%), from €65 to €467
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 | €364,456 | €358,459 | -€5,997 | -1.6% |
| Fixed assets | 21/28 | €332,276 | €318,654 | -€13,621 | -4.1% |
| Tangible fixed assets | 22/27 | €332,276 | €318,654 | -€13,621 | -4.1% |
| Land and buildings | 22 | €328,850 | €315,601 | -€13,249 | -4.0% |
| Plant, machinery and equipment | 23 | €3,426 | €3,053 | -€373 | -10.9% |
| Current assets | 29/58 | €32,181 | €39,805 | +€7,624 | +23.7% |
| Amounts receivable within one year | 40/41 | €2,453 | €19,432 | +€16,979 | +692.2% |
| Other amounts receivable | 41 | €2,453 | €19,432 | +€16,979 | +692.2% |
| Current investments | 50/53 | €2,448 | €12,665 | +€10,218 | +417.5% |
| Cash at bank and in hand | 54/58 | €23,192 | €3,548 | -€19,644 | -84.7% |
| Deferred charges and accrued income | 490/1 | €4,088 | €4,160 | +€72 | +1.8% |
| Total equity and liabilities | 10/49 | €364,456 | €358,459 | -€5,997 | -1.6% |
| Equity | 10/15 | €325,044 | €321,195 | -€3,849 | -1.2% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Capital | 10 | €225,000 | €225,000 | = | 0.0% |
| Issued capital | 100 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €100,044 | €96,195 | -€3,849 | -3.8% |
| Tax-exempt reserves | 132 | €91,253 | €88,033 | -€3,221 | -3.5% |
| Distributable reserves | 133 | €8,791 | €8,162 | -€628 | -7.1% |
| Provisions and deferred taxes | 16 | €37,272 | €35,957 | -€1,316 | -3.5% |
| Deferred taxes | 168 | €37,272 | €35,957 | -€1,316 | -3.5% |
| Amounts payable | 17/49 | €2,140 | €1,307 | -€833 | -38.9% |
| Amounts payable within one year | 42/48 | €2,140 | €1,307 | -€833 | -38.9% |
| Trade debts | 44 | - | €212 | +€212 | |
| Suppliers | 440/4 | - | €212 | +€212 | |
| Taxes, remuneration and social security | 45 | €2,140 | €1,096 | -€1,044 | -48.8% |
| Taxes | 450/3 | €2,140 | €1,096 | -€1,044 | -48.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,909 | €13,621 | -€4,288 | -23.9% |
| Other operating charges | 640/8 | €3,616 | €4,274 | +€658 | +18.2% |
| Gross operating margin | 9900 | €24,581 | €13,052 | -€11,528 | -46.9% |
| Operating profit (loss) | 9901 | €3,056 | -€4,842 | -€7,898 | |
| Financial income | 75/76B | €65 | €467 | +€402 | +616.8% |
| Recurring financial income | 75 | €65 | €467 | +€402 | +616.8% |
| Financial charges | 65/66B | €143 | €196 | +€54 | +37.6% |
| Recurring financial charges | 65 | €143 | €196 | +€54 | +37.6% |
| Profit (loss) for the period before taxes | 9903 | €2,978 | -€4,571 | -€7,549 | |
| Transfer from deferred taxes | 780 | €1,316 | €1,316 | = | 0.0% |
| Income taxes | 67/77 | €2,140 | €593 | -€1,547 | -72.3% |
| Profit (loss) for the period | 9904 | €2,154 | -€3,849 | -€6,003 | |
| Transfer from tax-exempt reserves | 789 | €3,221 | €3,221 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,374 | -€628 | -€6,003 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.