ISMT: 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.
ISMT
Largest movements
- Cash +€5,101
up €5,101 (+329.5%), from €1,548 to €6,649
mainly Trade debts (+€4,267) and Depreciation (+€2,785)
- Tangible fixed assets -€2,785
down €2,785 (-25.0%), from €11,141 to €8,355
- Receivables within one year -€1,810
down €1,810 (-24.5%), from €7,385 to €5,575
of which Trade receivables: -€3,000
- Debts after one year -€5,197
down €5,197 (-85.4%), from €6,087 to €890
- Trade debts +€4,267
up €4,267 (+948.5%), from €450 to €4,716
- Profit (loss) carried forward +€1,197
up €1,197 (+33.4%), from €3,579 to €4,776
- Current portion of long-term debt +€240
up €240 (+4.8%), from €4,957 to €5,197
- Staff costs +€9,291
new in 2025: €9,291
- Gross operating margin +€6,951
up €6,951 (+91.3%), from €7,613 to €14,563
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 | €20,074 | €20,580 | +€506 | +2.5% |
| Fixed assets | 21/28 | €11,141 | €8,355 | -€2,785 | -25.0% |
| Tangible fixed assets | 22/27 | €11,141 | €8,355 | -€2,785 | -25.0% |
| Furniture and vehicles | 24 | €11,141 | €8,355 | -€2,785 | -25.0% |
| Current assets | 29/58 | €8,933 | €12,224 | +€3,291 | +36.8% |
| Amounts receivable within one year | 40/41 | €7,385 | €5,575 | -€1,810 | -24.5% |
| Trade receivables | 40 | €3,000 | - | -€3,000 | |
| Other amounts receivable | 41 | €4,385 | €5,575 | +€1,190 | +27.1% |
| Cash at bank and in hand | 54/58 | €1,548 | €6,649 | +€5,101 | +329.5% |
| Total equity and liabilities | 10/49 | €20,074 | €20,580 | +€506 | +2.5% |
| Equity | 10/15 | €8,579 | €9,776 | +€1,197 | +13.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | €5,000 | = | 0.0% |
| Other | 1109/19 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,579 | €4,776 | +€1,197 | +33.4% |
| Amounts payable | 17/49 | €11,494 | €10,804 | -€690 | -6.0% |
| Amounts payable after more than one year | 17 | €6,087 | €890 | -€5,197 | -85.4% |
| Financial debts | 170/4 | €6,087 | €890 | -€5,197 | -85.4% |
| Amounts payable within one year | 42/48 | €5,407 | €9,914 | +€4,507 | +83.3% |
| Current portion of amounts payable after more than one year | 42 | €4,957 | €5,197 | +€240 | +4.8% |
| Trade debts | 44 | €450 | €4,716 | +€4,267 | +948.5% |
| Suppliers | 440/4 | €450 | €4,716 | +€4,267 | +948.5% |
| Remuneration, social security and pensions | 62 | - | €9,291 | +€9,291 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,785 | €2,785 | = | 0.0% |
| Other operating charges | 640/8 | €726 | €781 | +€55 | +7.6% |
| Gross operating margin | 9900 | €7,613 | €14,563 | +€6,951 | +91.3% |
| Operating profit (loss) | 9901 | €4,102 | €1,706 | -€2,396 | -58.4% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €522 | €510 | -€13 | -2.4% |
| Recurring financial charges | 65 | €522 | €510 | -€13 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €3,579 | €1,197 | -€2,383 | -66.6% |
| Profit (loss) for the period | 9904 | €3,579 | €1,197 | -€2,383 | -66.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,579 | €1,197 | -€2,383 | -66.6% |
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 9 October 2026 via checked.be.