ISSAB: 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.
ISSAB
Largest movements
- Tangible fixed assets -€29,473
down €29,473 (-87.9%), from €33,538 to €4,064
of which Furniture and vehicles: -€28,323
- Stocks and contracts -€19,674
no longer reported in 2025 (was €19,674)
- Cash -€15,311
down €15,311 (-91.2%), from €16,782 to €1,472
mainly Net result for the year (-€44,546) and Receivables within one year (-€12,873)
- Receivables within one year +€12,873
up €12,873 (+44.5%), from €28,905 to €41,777
of which Trade receivables: +€11,596
- Profit (loss) carried forward -€44,546
down €44,546, from €24,949 to -€19,597
- Trade debts -€9,698
down €9,698 (-95.7%), from €10,130 to €432
- Other debts +€2,761
up €2,761 (+21.0%), from €13,148 to €15,909
- Gross operating margin -€67,751
down €67,751 (-54.2%), from €124,988 to €57,237
- Staff costs -€41,322
down €41,322 (-33.9%), from €121,958 to €80,636
- Financial charges +€13,598
up €13,598 (+2269.9%), from €599 to €14,197
of which Non-recurring financial charges: +€13,136
- Depreciation -€12,249
down €12,249 (-52.3%), from €23,437 to €11,188
- Financial income +€5,180
up €5,180 (+4316283.3%), from €0 to €5,180
of which Non-recurring financial income: +€5,177
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.
Cash bridge derived
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 | €99,049 | €48,335 | -€50,713 | -51.2% |
| Fixed assets | 21/28 | €33,688 | €4,214 | -€29,473 | -87.5% |
| Tangible fixed assets | 22/27 | €33,538 | €4,064 | -€29,473 | -87.9% |
| Plant, machinery and equipment | 23 | €2,441 | €1,291 | -€1,150 | -47.1% |
| Furniture and vehicles | 24 | €31,097 | €2,774 | -€28,323 | -91.1% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €65,361 | €44,121 | -€21,240 | -32.5% |
| Stocks and contracts in progress | 3 | €19,674 | - | -€19,674 | |
| Stocks | 30/36 | €19,674 | - | -€19,674 | |
| Amounts receivable within one year | 40/41 | €28,905 | €41,777 | +€12,873 | +44.5% |
| Trade receivables | 40 | €22,358 | €33,953 | +€11,596 | +51.9% |
| Other amounts receivable | 41 | €6,547 | €7,824 | +€1,277 | +19.5% |
| Cash at bank and in hand | 54/58 | €16,782 | €1,472 | -€15,311 | -91.2% |
| Deferred charges and accrued income | 490/1 | - | €872 | +€872 | |
| Total equity and liabilities | 10/49 | €99,049 | €48,335 | -€50,713 | -51.2% |
| Equity | 10/15 | €26,949 | -€17,597 | -€44,546 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,949 | -€19,597 | -€44,546 | |
| Amounts payable | 17/49 | €72,100 | €65,933 | -€6,167 | -8.6% |
| Amounts payable within one year | 42/48 | €72,100 | €65,933 | -€6,167 | -8.6% |
| Trade debts | 44 | €10,130 | €432 | -€9,698 | -95.7% |
| Suppliers | 440/4 | €10,130 | €432 | -€9,698 | -95.7% |
| Taxes, remuneration and social security | 45 | €48,822 | €49,592 | +€769 | +1.6% |
| Taxes | 450/3 | €15,886 | €1,244 | -€14,642 | -92.2% |
| Remuneration and social security | 454/9 | €32,937 | €48,348 | +€15,412 | +46.8% |
| Other amounts payable | 47/48 | €13,148 | €15,909 | +€2,761 | +21.0% |
| Remuneration, social security and pensions | 62 | €121,958 | €80,636 | -€41,322 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,437 | €11,188 | -€12,249 | -52.3% |
| Other operating charges | 640/8 | €2,390 | €745 | -€1,646 | -68.8% |
| Gross operating margin | 9900 | €124,988 | €57,237 | -€67,751 | -54.2% |
| Operating profit (loss) | 9901 | -€22,798 | -€35,332 | -€12,534 | -55.0% |
| Financial income | 75/76B | €0 | €5,180 | +€5,180 | +4316283.3% |
| Recurring financial income | 75 | €0 | €2 | +€2 | +1975.0% |
| Non-recurring financial income | 76B | - | €5,177 | +€5,177 | |
| Financial charges | 65/66B | €599 | €14,197 | +€13,598 | +2269.9% |
| Recurring financial charges | 65 | €599 | €1,061 | +€462 | +77.2% |
| Non-recurring financial charges | 66B | - | €13,136 | +€13,136 | |
| Profit (loss) for the period before taxes | 9903 | -€23,397 | -€44,350 | -€20,952 | -89.6% |
| Income taxes | 67/77 | €180 | €196 | +€16 | +9.0% |
| Profit (loss) for the period | 9904 | -€23,577 | -€44,546 | -€20,969 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,577 | -€44,546 | -€20,969 | -88.9% |
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 12 October 2026 via checked.be.