iSource: 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.
iSource
Largest movements
- Receivables within one year +€33,748
up €33,748 (+82.7%), from €40,828 to €74,577
of which Trade receivables: +€17,545
- Cash +€9,654
up €9,654 (+9.2%), from €105,272 to €114,927
mainly Other debts (+€72,274) and Net result for the year (+€54,567)
- Other debts +€72,274
new in 2025: €72,274
- Reserves -€22,523
down €22,523 (-10.4%), from €215,723 to €193,200
of which Distributable reserves: -€22,523
- Tax, wage and social debts -€6,054
down €6,054 (-33.6%), from €18,031 to €11,977
- Gross operating margin +€7,939
up €7,939 (+10.3%), from €77,327 to €85,266
- Taxes +€3,093
up €3,093 (+11.8%), from €26,313 to €29,405
- Financial income +€1,242
up €1,242 (+184%), from €674 to €1,916
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 | €247,030 | €288,389 | +€41,359 | +16.7% |
| Fixed assets | 21/28 | €5,136 | €2,937 | -€2,198 | -42.8% |
| Tangible fixed assets | 22/27 | €5,136 | €2,937 | -€2,198 | -42.8% |
| Furniture and vehicles | 24 | €4,186 | €1,987 | -€2,198 | -52.5% |
| Other tangible fixed assets | 26 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €241,894 | €285,451 | +€43,557 | +18.0% |
| Amounts receivable within one year | 40/41 | €40,828 | €74,577 | +€33,748 | +82.7% |
| Trade receivables | 40 | €15,495 | €33,040 | +€17,545 | +113% |
| Other amounts receivable | 41 | €25,334 | €41,537 | +€16,204 | +64.0% |
| Current investments | 50/53 | €93,619 | €93,619 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €105,272 | €114,927 | +€9,654 | +9.2% |
| Deferred charges and accrued income | 490/1 | €2,174 | €2,329 | +€155 | +7.1% |
| Total equity and liabilities | 10/49 | €247,030 | €288,389 | +€41,359 | +16.7% |
| Equity | 10/15 | €225,723 | €203,200 | -€22,523 | -10.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €215,723 | €193,200 | -€22,523 | -10.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,654 | €33,654 | = | 0.0% |
| Distributable reserves | 133 | €180,209 | €157,686 | -€22,523 | -12.5% |
| Amounts payable | 17/49 | €21,307 | €85,189 | +€63,882 | +300% |
| Amounts payable within one year | 42/48 | €21,307 | €85,189 | +€63,882 | +300% |
| Financial debts | 43 | €2,015 | - | -€2,015 | |
| Credit institutions | 430/8 | €2,015 | - | -€2,015 | |
| Trade debts | 44 | €1,261 | €938 | -€323 | -25.6% |
| Suppliers | 440/4 | €1,261 | €938 | -€323 | -25.6% |
| Taxes, remuneration and social security | 45 | €18,031 | €11,977 | -€6,054 | -33.6% |
| Taxes | 450/3 | €18,031 | €11,977 | -€6,054 | -33.6% |
| Other amounts payable | 47/48 | - | €72,274 | +€72,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,011 | €2,198 | -€813 | -27.0% |
| Other operating charges | 640/8 | €1,179 | €427 | -€752 | -63.8% |
| Gross operating margin | 9900 | €77,327 | €85,266 | +€7,939 | +10.3% |
| Operating profit (loss) | 9901 | €73,137 | €82,641 | +€9,504 | +13.0% |
| Financial income | 75/76B | €674 | €1,916 | +€1,242 | +184% |
| Recurring financial income | 75 | €674 | €1,916 | +€1,242 | +184% |
| Financial charges | 65/66B | €456 | €585 | +€129 | +28.3% |
| Recurring financial charges | 65 | €456 | €585 | +€129 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €73,355 | €83,972 | +€10,617 | +14.5% |
| Income taxes | 67/77 | €26,313 | €29,405 | +€3,093 | +11.8% |
| Profit (loss) for the period | 9904 | €47,042 | €54,567 | +€7,525 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €47,042 | €54,567 | +€7,525 | +16.0% |
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 19 October 2026 via checked.be.