ISPIWI: 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.
ISPIWI
Largest movements
- Receivables within one year -€25,178
down €25,178 (-38.3%), from €65,815 to €40,637
of which Other amounts receivable: -€16,280
- Tangible fixed assets -€13,999
down €13,999 (-6.4%), from €220,207 to €206,208
of which Land and buildings: -€10,832
- Cash -€9,898
down €9,898 (-57.3%), from €17,262 to €7,364
mainly Net result for the year (-€24,000) and Trade debts (-€14,471)
- Profit (loss) carried forward -€24,000
down €24,000, from €4 to -€23,996
- Trade debts -€14,471
down €14,471 (-59.1%), from €24,465 to €9,995
- Debts after one year -€9,800
down €9,800 (-5.6%), from €174,011 to €164,211
- Tax, wage and social debts +€3,256
up €3,256 (+13.6%), from €23,981 to €27,237
of which Remuneration and social security: +€3,606
- Gross operating margin -€48,756
down €48,756 (-37.3%), from €130,771 to €82,016
- Staff costs +€46,681
up €46,681 (+123.8%), from €37,695 to €84,377
- Taxes -€22,006
down €22,006 (-98.9%), from €22,245 to €239
- Financial charges -€1,972
down €1,972 (-17.8%), from €11,106 to €9,134
- Depreciation +€1,806
up €1,806 (+14.8%), from €12,192 to €13,999
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 | €303,876 | €256,441 | -€47,435 | -15.6% |
| Fixed assets | 21/28 | €220,207 | €206,208 | -€13,999 | -6.4% |
| Tangible fixed assets | 22/27 | €220,207 | €206,208 | -€13,999 | -6.4% |
| Land and buildings | 22 | €208,041 | €197,209 | -€10,832 | -5.2% |
| Plant, machinery and equipment | 23 | €12,117 | €9,000 | -€3,117 | -25.7% |
| Furniture and vehicles | 24 | €49 | - | -€49 | |
| Current assets | 29/58 | €83,669 | €50,233 | -€33,437 | -40.0% |
| Amounts receivable within one year | 40/41 | €65,815 | €40,637 | -€25,178 | -38.3% |
| Trade receivables | 40 | €9,723 | €825 | -€8,898 | -91.5% |
| Other amounts receivable | 41 | €56,092 | €39,812 | -€16,280 | -29.0% |
| Cash at bank and in hand | 54/58 | €17,262 | €7,364 | -€9,898 | -57.3% |
| Deferred charges and accrued income | 490/1 | €592 | €2,232 | +€1,639 | +276.8% |
| Total equity and liabilities | 10/49 | €303,876 | €256,441 | -€47,435 | -15.6% |
| Equity | 10/15 | €64,609 | €40,609 | -€24,000 | -37.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €46,005 | €46,005 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €44,145 | €44,145 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4 | -€23,996 | -€24,000 | |
| Amounts payable | 17/49 | €239,268 | €215,832 | -€23,435 | -9.8% |
| Amounts payable after more than one year | 17 | €174,011 | €164,211 | -€9,800 | -5.6% |
| Financial debts | 170/4 | €174,011 | €164,211 | -€9,800 | -5.6% |
| Amounts payable within one year | 42/48 | €65,257 | €51,621 | -€13,635 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €16,810 | €14,389 | -€2,421 | -14.4% |
| Trade debts | 44 | €24,465 | €9,995 | -€14,471 | -59.1% |
| Suppliers | 440/4 | €24,465 | €9,995 | -€14,471 | -59.1% |
| Taxes, remuneration and social security | 45 | €23,981 | €27,237 | +€3,256 | +13.6% |
| Taxes | 450/3 | €17,245 | €16,895 | -€350 | -2.0% |
| Remuneration and social security | 454/9 | €6,737 | €10,343 | +€3,606 | +53.5% |
| Remuneration, social security and pensions | 62 | €37,695 | €84,377 | +€46,681 | +123.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,192 | €13,999 | +€1,806 | +14.8% |
| Other operating charges | 640/8 | €1,328 | €887 | -€440 | -33.2% |
| Gross operating margin | 9900 | €130,771 | €82,016 | -€48,756 | -37.3% |
| Operating profit (loss) | 9901 | €79,556 | -€17,247 | -€96,803 | |
| Financial income | 75/76B | €2,058 | €2,620 | +€562 | +27.3% |
| Recurring financial income | 75 | €2,058 | €2,620 | +€562 | +27.3% |
| Financial charges | 65/66B | €11,106 | €9,134 | -€1,972 | -17.8% |
| Recurring financial charges | 65 | €11,106 | €9,134 | -€1,972 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €70,508 | -€23,761 | -€94,269 | |
| Income taxes | 67/77 | €22,245 | €239 | -€22,006 | -98.9% |
| Profit (loss) for the period | 9904 | €48,264 | -€24,000 | -€72,263 | |
| Profit (loss) for the period to be appropriated | 9905 | €48,264 | -€24,000 | -€72,263 |
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 12 October 2026 via checked.be.