ISSE: 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.
ISSE
Largest movements
- Stocks and contracts +€16,200
new in 2025: €16,200
- Receivables within one year -€14,247
down €14,247 (-29.0%), from €49,061 to €34,814
of which Trade receivables: -€17,177
- Tangible fixed assets -€5,473
down €5,473 (-24.8%), from €22,111 to €16,638
- Cash +€2,075
up €2,075 (+104%), from €1,999 to €4,074
mainly Receivables within one year (+€14,247) and Depreciation (+€8,846)
- Deferred charges and accrued income -€916
down €916 (-64.7%), from €1,415 to €499
- Trade debts -€9,377
down €9,377 (-39.9%), from €23,515 to €14,139
- Profit (loss) carried forward +€7,970
up €7,970 (+24.9%), from €32,020 to €39,991
- Other debts -€1,610
down €1,610 (-100%), from €1,610 to €0
- Advances received +€1,087
up €1,087 (+20.1%), from €5,413 to €6,500
- Gross operating margin -€19,994
down €19,994 (-44.2%), from €45,186 to €25,192
- Depreciation +€5,737
up €5,737 (+185%), from €3,109 to €8,846
- Taxes -€5,071
down €5,071 (-59.0%), from €8,601 to €3,530
- Financial charges +€1,565
up €1,565 (+826%), from €190 to €1,755
- Other operating charges +€1,257
up €1,257 (+140%), from €895 to €2,152
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 | €74,585 | €72,824 | -€1,761 | -2.4% |
| Fixed assets | 21/28 | €22,111 | €17,238 | -€4,873 | -22.0% |
| Tangible fixed assets | 22/27 | €22,111 | €16,638 | -€5,473 | -24.8% |
| Furniture and vehicles | 24 | €22,111 | €16,638 | -€5,473 | -24.8% |
| Financial fixed assets | 28 | - | €600 | +€600 | |
| Current assets | 29/58 | €52,474 | €55,586 | +€3,112 | +5.9% |
| Stocks and contracts in progress | 3 | - | €16,200 | +€16,200 | |
| Contracts in progress | 37 | - | €16,200 | +€16,200 | |
| Amounts receivable within one year | 40/41 | €49,061 | €34,814 | -€14,247 | -29.0% |
| Trade receivables | 40 | €45,395 | €28,218 | -€17,177 | -37.8% |
| Other amounts receivable | 41 | €3,666 | €6,596 | +€2,930 | +79.9% |
| Cash at bank and in hand | 54/58 | €1,999 | €4,074 | +€2,075 | +104% |
| Deferred charges and accrued income | 490/1 | €1,415 | €499 | -€916 | -64.7% |
| Total equity and liabilities | 10/49 | €74,585 | €72,824 | -€1,761 | -2.4% |
| Equity | 10/15 | €33,020 | €40,991 | +€7,970 | +24.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,020 | €39,991 | +€7,970 | +24.9% |
| Amounts payable | 17/49 | €41,565 | €31,834 | -€9,731 | -23.4% |
| Amounts payable within one year | 42/48 | €41,565 | €31,834 | -€9,731 | -23.4% |
| Trade debts | 44 | €23,515 | €14,139 | -€9,377 | -39.9% |
| Suppliers | 440/4 | €23,515 | €14,139 | -€9,377 | -39.9% |
| Advances received on contracts in progress | 46 | €5,413 | €6,500 | +€1,087 | +20.1% |
| Taxes, remuneration and social security | 45 | €11,027 | €11,195 | +€168 | +1.5% |
| Taxes | 450/3 | €8,851 | €11,195 | +€2,344 | +26.5% |
| Remuneration and social security | 454/9 | €2,176 | €0 | -€2,176 | -100% |
| Other amounts payable | 47/48 | €1,610 | €0 | -€1,610 | -100% |
| Remuneration, social security and pensions | 62 | €371 | €939 | +€568 | +153% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,109 | €8,846 | +€5,737 | +185% |
| Other operating charges | 640/8 | €895 | €2,152 | +€1,257 | +140% |
| Gross operating margin | 9900 | €45,186 | €25,192 | -€19,994 | -44.2% |
| Operating profit (loss) | 9901 | €40,811 | €13,255 | -€27,556 | -67.5% |
| Financial charges | 65/66B | €190 | €1,755 | +€1,565 | +826% |
| Recurring financial charges | 65 | €190 | €1,755 | +€1,565 | +826% |
| Profit (loss) for the period before taxes | 9903 | €40,622 | €11,500 | -€29,121 | -71.7% |
| Income taxes | 67/77 | €8,601 | €3,530 | -€5,071 | -59.0% |
| Profit (loss) for the period | 9904 | €32,020 | €7,970 | -€24,050 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,020 | €7,970 | -€24,050 | -75.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.