ISSA: 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.
ISSA
Largest movements
- Receivables within one year -€117,450
down €117,450 (-31.2%), from €376,236 to €258,786
of which Trade receivables: -€93,579
- Other debts -€144,778
down €144,778 (-22.1%), from €655,375 to €510,597
- Profit (loss) carried forward +€30,500
up €30,500 (+9.7%), from -€314,890 to -€284,390
- Gross operating margin +€223,790
up €223,790, from -€12,832 to €210,958
- Staff costs +€56,197
up €56,197 (+52.2%), from €107,574 to €163,771
- Other operating charges -€4,965
down €4,965 (-75.7%), from €6,559 to €1,594
- Financial charges -€4,195
down €4,195 (-31.6%), from €13,290 to €9,095
of which Non-recurring financial charges: -€8,983
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 | €400,702 | €282,119 | -€118,583 | -29.6% |
| Fixed assets | 21/28 | €13,072 | €14,934 | +€1,862 | +14.2% |
| Tangible fixed assets | 22/27 | €13,072 | €14,934 | +€1,862 | +14.2% |
| Plant, machinery and equipment | 23 | €6,334 | €4,043 | -€2,291 | -36.2% |
| Furniture and vehicles | 24 | €6,738 | €10,891 | +€4,153 | +61.6% |
| Current assets | 29/58 | €387,630 | €267,185 | -€120,445 | -31.1% |
| Amounts receivable within one year | 40/41 | €376,236 | €258,786 | -€117,450 | -31.2% |
| Trade receivables | 40 | €270,851 | €177,272 | -€93,579 | -34.6% |
| Other amounts receivable | 41 | €105,385 | €81,514 | -€23,871 | -22.7% |
| Cash at bank and in hand | 54/58 | €11,148 | €7,781 | -€3,367 | -30.2% |
| Deferred charges and accrued income | 490/1 | €246 | €619 | +€373 | +151% |
| Total equity and liabilities | 10/49 | €400,702 | €282,119 | -€118,583 | -29.6% |
| Equity | 10/15 | -€294,890 | -€264,390 | +€30,500 | +10.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€314,890 | -€284,390 | +€30,500 | +9.7% |
| Amounts payable | 17/49 | €695,592 | €546,508 | -€149,084 | -21.4% |
| Amounts payable within one year | 42/48 | €695,592 | €546,508 | -€149,084 | -21.4% |
| Trade debts | 44 | €30,878 | €27,135 | -€3,743 | -12.1% |
| Suppliers | 440/4 | €30,878 | €27,135 | -€3,743 | -12.1% |
| Taxes, remuneration and social security | 45 | €9,339 | €8,777 | -€562 | -6.0% |
| Taxes | 450/3 | €326 | €321 | -€5 | -1.7% |
| Remuneration and social security | 454/9 | €9,013 | €8,456 | -€557 | -6.2% |
| Other amounts payable | 47/48 | €655,375 | €510,597 | -€144,778 | -22.1% |
| Non-recurring operating income | 76A | - | €7,955 | +€7,955 | |
| Remuneration, social security and pensions | 62 | €107,574 | €163,771 | +€56,197 | +52.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,825 | €7,518 | -€307 | -3.9% |
| Other operating charges | 640/8 | €6,559 | €1,594 | -€4,965 | -75.7% |
| Gross operating margin | 9900 | -€12,832 | €210,958 | +€223,790 | |
| Operating profit (loss) | 9901 | -€134,790 | €38,076 | +€172,866 | |
| Financial income | 75/76B | €44 | €1,799 | +€1,755 | +3,988% |
| Recurring financial income | 75 | €44 | €1,799 | +€1,755 | +3,988% |
| Non-recurring financial income | 76B | €44 | €0 | -€44 | -100% |
| Financial charges | 65/66B | €13,290 | €9,095 | -€4,195 | -31.6% |
| Recurring financial charges | 65 | €4,307 | €9,095 | +€4,788 | +111% |
| Non-recurring financial charges | 66B | €8,983 | €0 | -€8,983 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€148,036 | €30,780 | +€178,816 | |
| Income taxes | 67/77 | €323 | €279 | -€44 | -13.5% |
| Profit (loss) for the period | 9904 | -€148,359 | €30,500 | +€178,859 | |
| Profit (loss) for the period to be appropriated | 9905 | -€148,359 | €30,500 | +€178,859 |
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 16 October 2026 via checked.be.