ISNZ: 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.
ISNZ
Largest movements
- Tangible fixed assets +€190,384
new in 2025: €190,384
of which Land and buildings: +€146,384
- Cash -€163,481
down €163,481 (-66.5%), from €245,905 to €82,424
mainly Investment in fixed assets (net) (-€234,545) and Trade debts (-€83,588)
- Financial fixed assets +€27,225
up €27,225 (+209%), from €13,000 to €40,225
- Receivables after one year +€5,000
new in 2025: €5,000
- Trade debts -€83,588
down €83,588 (-99.2%), from €84,297 to €709
- Debts after one year +€81,600
new in 2025: €81,600
- Reserves +€49,675
new in 2025: €49,675
- Other debts +€18,849
up €18,849 (+43.5%), from €43,291 to €62,140
- Tax, wage and social debts -€9,422
down €9,422 (-21.8%), from €43,275 to €33,853
- Gross operating margin -€49,279
down €49,279 (-33.5%), from €147,197 to €97,918
- Depreciation +€16,936
new in 2025: €16,936
- Taxes -€12,877
down €12,877 (-38.8%), from €33,192 to €20,315
- Financial charges +€4,513
up €4,513 (+237%), from €1,905 to €6,419
- Other operating charges +€2,538
up €2,538 (+125%), from €2,036 to €4,574
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 | €338,720 | €394,834 | +€56,114 | +16.6% |
| Fixed assets | 21/28 | €13,000 | €230,609 | +€217,609 | +1,674% |
| Tangible fixed assets | 22/27 | - | €190,384 | +€190,384 | |
| Land and buildings | 22 | - | €146,384 | +€146,384 | |
| Plant, machinery and equipment | 23 | - | €44,000 | +€44,000 | |
| Financial fixed assets | 28 | €13,000 | €40,225 | +€27,225 | +209% |
| Current assets | 29/58 | €325,720 | €164,225 | -€161,495 | -49.6% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €77,108 | €76,801 | -€307 | -0.4% |
| Trade receivables | 40 | €57,286 | €76,801 | +€19,515 | +34.1% |
| Other amounts receivable | 41 | €19,822 | - | -€19,822 | |
| Cash at bank and in hand | 54/58 | €245,905 | €82,424 | -€163,481 | -66.5% |
| Deferred charges and accrued income | 490/1 | €2,707 | - | -€2,707 | |
| Total equity and liabilities | 10/49 | €338,720 | €394,834 | +€56,114 | +16.6% |
| Equity | 10/15 | €166,856 | €216,531 | +€49,675 | +29.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | - | €49,675 | +€49,675 | |
| Distributable reserves | 133 | - | €49,675 | +€49,675 | |
| Profit (loss) carried forward | 14 | €141,856 | €141,856 | = | 0.0% |
| Amounts payable | 17/49 | €171,863 | €178,303 | +€6,439 | +3.7% |
| Amounts payable after more than one year | 17 | - | €81,600 | +€81,600 | |
| Financial debts | 170/4 | - | €81,600 | +€81,600 | |
| Amounts payable within one year | 42/48 | €170,863 | €96,703 | -€74,161 | -43.4% |
| Trade debts | 44 | €84,297 | €709 | -€83,588 | -99.2% |
| Suppliers | 440/4 | €84,297 | €709 | -€83,588 | -99.2% |
| Taxes, remuneration and social security | 45 | €43,275 | €33,853 | -€9,422 | -21.8% |
| Taxes | 450/3 | €43,275 | €33,853 | -€9,422 | -21.8% |
| Other amounts payable | 47/48 | €43,291 | €62,140 | +€18,849 | +43.5% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Non-recurring operating income | 76A | €8,490 | - | -€8,490 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €16,936 | +€16,936 | |
| Other operating charges | 640/8 | €2,036 | €4,574 | +€2,538 | +125% |
| Gross operating margin | 9900 | €147,197 | €97,918 | -€49,279 | -33.5% |
| Operating profit (loss) | 9901 | €145,161 | €76,408 | -€68,753 | -47.4% |
| Financial income | 75/76B | €80 | - | -€80 | |
| Recurring financial income | 75 | €80 | - | -€80 | |
| Financial charges | 65/66B | €1,905 | €6,419 | +€4,513 | +237% |
| Recurring financial charges | 65 | €1,905 | €6,419 | +€4,513 | +237% |
| Profit (loss) for the period before taxes | 9903 | €143,337 | €69,990 | -€73,347 | -51.2% |
| Income taxes | 67/77 | €33,192 | €20,315 | -€12,877 | -38.8% |
| Profit (loss) for the period | 9904 | €110,144 | €49,675 | -€60,470 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,144 | €49,675 | -€60,470 | -54.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.