ISN Logistic: 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.
ISN Logistic
Largest movements
- Cash +€87,952
up €87,952 (+808%), from €10,880 to €98,831
mainly Depreciation (+€172,664) and Trade debts (+€82,562)
- Receivables within one year +€79,708
up €79,708 (+53.1%), from €150,199 to €229,907
of which Other amounts receivable: +€45,261
- Financial fixed assets -€50,120
down €50,120 (-13.2%), from €379,261 to €329,141
- Deferred charges and accrued income -€42,201
down €42,201 (-95.9%), from €43,999 to €1,798
- Tangible fixed assets -€38,021
down €38,021 (-11.2%), from €340,584 to €302,563
of which Furniture and vehicles: -€31,855
- Debts after one year -€113,700
down €113,700 (-17.9%), from €635,511 to €521,811
- Trade debts +€82,562
up €82,562 (+146%), from €56,650 to €139,212
- Accrued charges and deferred income +€26,990
up €26,990 (+87.5%), from €30,832 to €57,823
- Other debts +€21,950
up €21,950 (+56.5%), from €38,854 to €60,804
- Tax, wage and social debts +€10,090
up €10,090 (+255%), from €3,962 to €14,052
of which Taxes: +€10,090
- Depreciation +€28,760
up €28,760 (+20.0%), from €143,904 to €172,664
- Staff costs -€22,839
down €22,839 (-99.9%), from €22,866 to €28
- Gross operating margin +€20,929
up €20,929 (+9.3%), from €226,096 to €247,026
- Financial charges -€7,092
down €7,092 (-18.5%), from €38,407 to €31,315
of which Financial charges: -€5,776
- Taxes +€6,052
up €6,052 (+150%), from €4,038 to €10,090
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 | €924,923 | €962,241 | +€37,318 | +4.0% |
| Fixed assets | 21/28 | €719,845 | €631,704 | -€88,140 | -12.2% |
| Tangible fixed assets | 22/27 | €340,584 | €302,563 | -€38,021 | -11.2% |
| Plant, machinery and equipment | 23 | €27,024 | €21,214 | -€5,811 | -21.5% |
| Furniture and vehicles | 24 | €310,361 | €278,506 | -€31,855 | -10.3% |
| Other tangible fixed assets | 26 | €3,199 | €2,844 | -€355 | -11.1% |
| Financial fixed assets | 28 | €379,261 | €329,141 | -€50,120 | -13.2% |
| Current assets | 29/58 | €205,078 | €330,536 | +€125,458 | +61.2% |
| Amounts receivable within one year | 40/41 | €150,199 | €229,907 | +€79,708 | +53.1% |
| Trade receivables | 40 | €51,980 | €86,427 | +€34,447 | +66.3% |
| Other amounts receivable | 41 | €98,219 | €143,480 | +€45,261 | +46.1% |
| Cash at bank and in hand | 54/58 | €10,880 | €98,831 | +€87,952 | +808% |
| Deferred charges and accrued income | 490/1 | €43,999 | €1,798 | -€42,201 | -95.9% |
| Total equity and liabilities | 10/49 | €924,923 | €962,241 | +€37,318 | +4.0% |
| Equity | 10/15 | €63,014 | €72,439 | +€9,425 | +15.0% |
| Profit (loss) carried forward | 14 | €63,014 | €72,439 | +€9,425 | +15.0% |
| Amounts payable | 17/49 | €861,909 | €889,802 | +€27,893 | +3.2% |
| Amounts payable after more than one year | 17 | €635,511 | €521,811 | -€113,700 | -17.9% |
| Financial debts | 170/4 | €635,511 | €521,811 | -€113,700 | -17.9% |
| Amounts payable within one year | 42/48 | €195,566 | €310,168 | +€114,603 | +58.6% |
| Current portion of amounts payable after more than one year | 42 | €96,100 | €96,100 | = | 0.0% |
| Trade debts | 44 | €56,650 | €139,212 | +€82,562 | +146% |
| Suppliers | 440/4 | €56,650 | €139,212 | +€82,562 | +146% |
| Taxes, remuneration and social security | 45 | €3,962 | €14,052 | +€10,090 | +255% |
| Taxes | 450/3 | €3,962 | €14,052 | +€10,090 | +255% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €38,854 | €60,804 | +€21,950 | +56.5% |
| Accrued charges and deferred income | 492/3 | €30,832 | €57,823 | +€26,990 | +87.5% |
| Remuneration, social security and pensions | 62 | €22,866 | €28 | -€22,839 | -99.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €143,904 | €172,664 | +€28,760 | +20.0% |
| Other operating charges | 640/8 | €19,278 | €23,532 | +€4,254 | +22.1% |
| Gross operating margin | 9900 | €226,096 | €247,026 | +€20,929 | +9.3% |
| Operating profit (loss) | 9901 | €40,048 | €50,802 | +€10,754 | +26.9% |
| Financial income | 75/76B | €4 | €28 | +€25 | +667% |
| Recurring financial income | 75 | €4 | €28 | +€25 | +667% |
| Financial charges | 65/66B | €38,407 | €31,315 | -€7,092 | -18.5% |
| Recurring financial charges | 65 | €37,091 | €31,315 | -€5,776 | -15.6% |
| Non-recurring financial charges | 66B | €1,316 | €0 | -€1,316 | -100% |
| Profit (loss) for the period before taxes | 9903 | €1,644 | €19,515 | +€17,871 | +1,087% |
| Income taxes | 67/77 | €4,038 | €10,090 | +€6,052 | +150% |
| Profit (loss) for the period | 9904 | -€2,394 | €9,425 | +€11,819 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,394 | €9,425 | +€11,819 |
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 16 October 2026 via checked.be.