ISNNDX: 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.
ISNNDX
Largest movements
- Cash +€73,082
up €73,082 (+140%), from €52,273 to €125,355
mainly Depreciation (+€36,306) and Net result for the year (+€33,245)
- Intangible fixed assets -€35,000
down €35,000 (-66.8%), from €52,356 to €17,356
- Tangible fixed assets +€10,874
up €10,874 (+1,231%), from €883 to €11,757
- Profit (loss) carried forward +€33,245
up €33,245 (+227%), from €14,663 to €47,908
- Tax, wage and social debts +€18,001
up €18,001 (+166%), from €10,842 to €28,843
of which Taxes: +€18,129
- Debts after one year -€2,015
down €2,015 (-2.3%), from €86,976 to €84,962
- Gross operating margin +€40,079
up €40,079 (+78.1%), from €51,314 to €91,393
- Taxes +€17,929
up €17,929 (+688%), from €2,604 to €20,534
- Depreciation -€2,517
down €2,517 (-6.5%), from €38,823 to €36,306
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 | €130,429 | €180,331 | +€49,902 | +38.3% |
| Fixed assets | 21/28 | €53,239 | €29,114 | -€24,126 | -45.3% |
| Intangible fixed assets | 21 | €52,356 | €17,356 | -€35,000 | -66.8% |
| Tangible fixed assets | 22/27 | €883 | €11,757 | +€10,874 | +1,231% |
| Furniture and vehicles | 24 | €883 | €11,757 | +€10,874 | +1,231% |
| Current assets | 29/58 | €77,190 | €151,217 | +€74,027 | +95.9% |
| Amounts receivable within one year | 40/41 | €24,637 | €25,555 | +€918 | +3.7% |
| Trade receivables | 40 | €24,637 | €25,555 | +€918 | +3.7% |
| Cash at bank and in hand | 54/58 | €52,273 | €125,355 | +€73,082 | +140% |
| Deferred charges and accrued income | 490/1 | €280 | €307 | +€26 | +9.4% |
| Total equity and liabilities | 10/49 | €130,429 | €180,331 | +€49,902 | +38.3% |
| Equity | 10/15 | €31,047 | €64,292 | +€33,245 | +107% |
| Contributions | 10/11 | €16,384 | €16,384 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,663 | €47,908 | +€33,245 | +227% |
| Amounts payable | 17/49 | €99,382 | €116,039 | +€16,657 | +16.8% |
| Amounts payable after more than one year | 17 | €86,976 | €84,962 | -€2,015 | -2.3% |
| Other amounts payable | 178/9 | €86,976 | €84,962 | -€2,015 | -2.3% |
| Amounts payable within one year | 42/48 | €12,405 | €31,077 | +€18,672 | +151% |
| Trade debts | 44 | €1,563 | €2,234 | +€670 | +42.9% |
| Suppliers | 440/4 | €1,563 | €2,234 | +€670 | +42.9% |
| Taxes, remuneration and social security | 45 | €10,842 | €28,843 | +€18,001 | +166% |
| Taxes | 450/3 | €9,498 | €27,627 | +€18,129 | +191% |
| Remuneration and social security | 454/9 | €1,344 | €1,216 | -€128 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,823 | €36,306 | -€2,517 | -6.5% |
| Other operating charges | 640/8 | €486 | €697 | +€211 | +43.5% |
| Gross operating margin | 9900 | €51,314 | €91,393 | +€40,079 | +78.1% |
| Operating profit (loss) | 9901 | €12,006 | €54,390 | +€42,384 | +353% |
| Financial charges | 65/66B | €726 | €612 | -€114 | -15.7% |
| Recurring financial charges | 65 | €726 | €612 | -€114 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €11,280 | €53,778 | +€42,498 | +377% |
| Income taxes | 67/77 | €2,604 | €20,534 | +€17,929 | +688% |
| Profit (loss) for the period | 9904 | €8,675 | €33,245 | +€24,569 | +283% |
| Profit (loss) for the period to be appropriated | 9905 | €8,675 | €33,245 | +€24,569 | +283% |
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 21 October 2026 via checked.be.