ISSAC: what changed
Two fiscal 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.
ISSAC
Largest movements
- Receivables within one year -€659,022
down €659,022 (-38.9%), from €1.7m to €1.0m
of which Trade receivables: -€630,117
- Stocks and contracts -€39,126
down €39,126 (-84.3%), from €46,437 to €7,311
- Tangible fixed assets +€31,955
up €31,955 (+4488.2%), from €712 to €32,667
of which Furniture and vehicles: +€31,766
- Cash -€31,655
down €31,655 (-33.1%), from €95,502 to €63,846
mainly Advances received (-€1.1m) and Investment in fixed assets (net) (-€34,129)
- Advances received -€1.1m
down €1.1m (-99.4%), from €1.1m to €6,903
- Trade debts +€367,864
up €367,864 (+52.9%), from €694,739 to €1.1m
- Turnover +€2.6m
new in 2024: €2.6m
- Purchases and services +€2.5m
new in 2024: €2.5m
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 | €1,835,502 | €1,137,654 | -€697,848 | -38.0% |
| Fixed assets | 21/28 | €712 | €32,667 | +€31,955 | +4488.2% |
| Tangible fixed assets | 22/27 | €712 | €32,667 | +€31,955 | +4488.2% |
| Plant, machinery and equipment | 23 | €712 | €901 | +€189 | +26.5% |
| Furniture and vehicles | 24 | - | €31,766 | +€31,766 | |
| Current assets | 29/58 | €1,834,790 | €1,104,987 | -€729,803 | -39.8% |
| Stocks and contracts in progress | 3 | €46,437 | €7,311 | -€39,126 | -84.3% |
| Stocks | 30/36 | €46,437 | €7,311 | -€39,126 | -84.3% |
| Amounts receivable within one year | 40/41 | €1,692,851 | €1,033,829 | -€659,022 | -38.9% |
| Trade receivables | 40 | €1,549,911 | €919,793 | -€630,117 | -40.7% |
| Other amounts receivable | 41 | €142,941 | €114,036 | -€28,905 | -20.2% |
| Cash at bank and in hand | 54/58 | €95,502 | €63,846 | -€31,655 | -33.1% |
| Total equity and liabilities | 10/49 | €1,835,502 | €1,137,654 | -€697,848 | -38.0% |
| Equity | 10/15 | €2,940 | €9,498 | +€6,558 | +223.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €940 | €7,498 | +€6,558 | +698.0% |
| Amounts payable | 17/49 | €1,832,562 | €1,128,156 | -€704,406 | -38.4% |
| Amounts payable within one year | 42/48 | €1,832,562 | €1,128,156 | -€704,406 | -38.4% |
| Trade debts | 44 | €694,739 | €1,062,604 | +€367,864 | +52.9% |
| Suppliers | 440/4 | €694,739 | €1,062,604 | +€367,864 | +52.9% |
| Advances received on contracts in progress | 46 | €1,072,888 | €6,903 | -€1.1m | -99.4% |
| Taxes, remuneration and social security | 45 | €4,543 | €3,784 | -€758 | -16.7% |
| Taxes | 450/3 | €3,784 | €3,784 | = | 0.0% |
| Remuneration and social security | 454/9 | €758 | - | -€758 | |
| Other amounts payable | 47/48 | €60,392 | €54,865 | -€5,528 | -9.2% |
| Turnover | 70 | - | €2,566,593 | +€2.6m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,465,172 | +€2.5m | |
| Remuneration, social security and pensions | 62 | €78,931 | €87,646 | +€8,715 | +11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,095 | €2,174 | +€1,079 | +98.5% |
| Other operating charges | 640/8 | €100 | - | -€100 | |
| Non-recurring operating charges | 66A | €7,046 | - | -€7,046 | |
| Gross operating margin | 9900 | €89,236 | €101,422 | +€12,186 | +13.7% |
| Operating profit (loss) | 9901 | €2,063 | €11,602 | +€9,538 | +462.3% |
| Financial income | 75/76B | €2 | €2 | -€0 | -12.0% |
| Recurring financial income | 75 | €2 | €2 | -€0 | -12.0% |
| Financial charges | 65/66B | €1,126 | €756 | -€369 | -32.8% |
| Recurring financial charges | 65 | €1,126 | €756 | -€369 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €940 | €10,847 | +€9,908 | +1054.4% |
| Income taxes | 67/77 | - | €4,289 | +€4,289 | |
| Profit (loss) for the period | 9904 | €940 | €6,558 | +€5,619 | +598.0% |
| Profit (loss) for the period to be appropriated | 9905 | €940 | €6,558 | +€5,619 | +598.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.