ISP Trading: 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.
ISP Trading
Largest movements
- Deferred charges and accrued income +€42,286
up €42,286 (+8408.1%), from €503 to €42,789
- Receivables within one year -€25,781
down €25,781 (-50.5%), from €51,067 to €25,286
of which Trade receivables: -€29,344
- Cash +€17,292
up €17,292 (+466.5%), from €3,707 to €20,999
mainly Trade debts (+€26,812) and Receivables within one year (+€25,781)
- Stocks and contracts +€5,599
up €5,599 (+4.9%), from €114,515 to €120,114
of which Contracts in progress: +€3,006
- Trade debts +€26,812
up €26,812 (+63.7%), from €42,110 to €68,922
- Advances received +€23,946
up €23,946 (+96.1%), from €24,909 to €48,855
- Debts after one year -€19,973
down €19,973 (-17.9%), from €111,646 to €91,673
of which Financial debts: -€11,366
- Other debts +€12,818
up €12,818 (+31.0%), from €41,289 to €54,107
- Current portion of long-term debt -€3,703
down €3,703 (-24.1%), from €15,363 to €11,660
- Gross operating margin -€4,910
down €4,910 (-14.7%), from €33,312 to €28,402
- Financial income +€1,107
up €1,107 (+354.1%), from €313 to €1,420
of which Financial income: +€753
- Other operating charges -€1,097
down €1,097 (-13.2%), from €8,314 to €7,217
- Depreciation +€680
up €680 (+6.3%), from €10,847 to €11,527
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €324,509 | €363,971 | +€39,462 | +12.2% |
| Fixed assets | 21/28 | €154,717 | €154,783 | +€66 | 0.0% |
| Tangible fixed assets | 22/27 | €154,717 | €154,783 | +€66 | 0.0% |
| Land and buildings | 22 | €103,836 | €99,680 | -€4,156 | -4.0% |
| Plant, machinery and equipment | 23 | €20,631 | €18,083 | -€2,548 | -12.3% |
| Furniture and vehicles | 24 | €7,733 | €16,953 | +€9,220 | +119.2% |
| Leasing and similar rights | 25 | €22,518 | €20,067 | -€2,451 | -10.9% |
| Current assets | 29/58 | €169,792 | €209,188 | +€39,396 | +23.2% |
| Stocks and contracts in progress | 3 | €114,515 | €120,114 | +€5,599 | +4.9% |
| Stocks | 30/36 | €87,125 | €89,718 | +€2,593 | +3.0% |
| Contracts in progress | 37 | €27,390 | €30,396 | +€3,006 | +11.0% |
| Amounts receivable within one year | 40/41 | €51,067 | €25,286 | -€25,781 | -50.5% |
| Trade receivables | 40 | €51,037 | €21,693 | -€29,344 | -57.5% |
| Other amounts receivable | 41 | €30 | €3,593 | +€3,563 | +11876.7% |
| Cash at bank and in hand | 54/58 | €3,707 | €20,999 | +€17,292 | +466.5% |
| Deferred charges and accrued income | 490/1 | €503 | €42,789 | +€42,286 | +8408.1% |
| Total equity and liabilities | 10/49 | €324,509 | €363,971 | +€39,462 | +12.2% |
| Equity | 10/15 | €55,081 | €55,168 | +€87 | +0.2% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €4,161 | €4,162 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €642 | €642 | +€0 | +0.1% |
| Reserves not available under the articles | 1311 | €642 | €642 | +€0 | +0.1% |
| Distributable reserves | 133 | €3,520 | €3,520 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€9,080 | -€8,994 | +€86 | +0.9% |
| Amounts payable | 17/49 | €269,428 | €308,803 | +€39,375 | +14.6% |
| Amounts payable after more than one year | 17 | €111,646 | €91,673 | -€19,973 | -17.9% |
| Financial debts | 170/4 | €78,027 | €66,661 | -€11,366 | -14.6% |
| Trade debts | 175 | €33,619 | €25,012 | -€8,607 | -25.6% |
| Amounts payable within one year | 42/48 | €157,594 | €216,619 | +€59,025 | +37.5% |
| Current portion of amounts payable after more than one year | 42 | €15,363 | €11,660 | -€3,703 | -24.1% |
| Financial debts | 43 | €22,423 | €23,252 | +€829 | +3.7% |
| Credit institutions | 430/8 | €22,423 | €23,252 | +€829 | +3.7% |
| Trade debts | 44 | €42,110 | €68,922 | +€26,812 | +63.7% |
| Suppliers | 440/4 | €42,110 | €68,922 | +€26,812 | +63.7% |
| Advances received on contracts in progress | 46 | €24,909 | €48,855 | +€23,946 | +96.1% |
| Taxes, remuneration and social security | 45 | €11,501 | €9,823 | -€1,678 | -14.6% |
| Taxes | 450/3 | €11,501 | €9,823 | -€1,678 | -14.6% |
| Other amounts payable | 47/48 | €41,289 | €54,107 | +€12,818 | +31.0% |
| Accrued charges and deferred income | 492/3 | €188 | €511 | +€323 | +172.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,847 | €11,527 | +€680 | +6.3% |
| Other operating charges | 640/8 | €8,314 | €7,217 | -€1,097 | -13.2% |
| Non-recurring operating charges | 66A | €1,220 | - | -€1,220 | |
| Gross operating margin | 9900 | €33,312 | €28,402 | -€4,910 | -14.7% |
| Operating profit (loss) | 9901 | €12,930 | €9,658 | -€3,272 | -25.3% |
| Financial income | 75/76B | €313 | €1,420 | +€1,107 | +354.1% |
| Recurring financial income | 75 | €313 | €1,066 | +€753 | +240.9% |
| Non-recurring financial income | 76B | - | €354 | +€354 | |
| Financial charges | 65/66B | €11,169 | €10,992 | -€177 | -1.6% |
| Recurring financial charges | 65 | €11,169 | €10,992 | -€177 | -1.6% |
| Profit (loss) for the period before taxes | 9903 | €2,074 | €86 | -€1,988 | -95.9% |
| Profit (loss) for the period | 9904 | €2,074 | €86 | -€1,988 | -95.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,074 | €86 | -€1,988 | -95.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.