ISSIFY: 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.
ISSIFY
Largest movements
- Cash +€52,149
up €52,149 (+24.5%), from €213,027 to €265,176
mainly Net result for the year (+€48,214) and Tax, wage and social debts (+€17,345)
- Tangible fixed assets -€5,093
down €5,093 (-5.1%), from €99,314 to €94,221
of which Furniture and vehicles: -€3,882
- Reserves +€19,214
up €19,214 (+19.8%), from €97,177 to €116,391
- Tax, wage and social debts +€17,345
up €17,345 (+403%), from €4,305 to €21,650
- Other debts +€13,596
up €13,596 (+88.3%), from €15,404 to €29,000
- Gross operating margin -€25,861
down €25,861 (-22.8%), from €113,575 to €87,714
- Taxes +€2,954
up €2,954 (+15.1%), from €19,506 to €22,460
- Other operating charges +€1,650
up €1,650 (+84.2%), from €1,960 to €3,610
- Depreciation -€1,324
down €1,324 (-9.0%), from €14,675 to €13,351
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 | €369,766 | €414,874 | +€45,109 | +12.2% |
| Fixed assets | 21/28 | €99,314 | €94,221 | -€5,093 | -5.1% |
| Tangible fixed assets | 22/27 | €99,314 | €94,221 | -€5,093 | -5.1% |
| Land and buildings | 22 | €57,586 | €55,316 | -€2,270 | -3.9% |
| Plant, machinery and equipment | 23 | €7,672 | €6,459 | -€1,212 | -15.8% |
| Furniture and vehicles | 24 | €25,997 | €22,116 | -€3,882 | -14.9% |
| Other tangible fixed assets | 26 | €8,058 | €10,330 | +€2,271 | +28.2% |
| Current assets | 29/58 | €270,452 | €320,653 | +€50,201 | +18.6% |
| Amounts receivable within one year | 40/41 | €49,895 | €48,448 | -€1,447 | -2.9% |
| Trade receivables | 40 | €31,866 | €28,883 | -€2,983 | -9.4% |
| Other amounts receivable | 41 | €18,029 | €19,565 | +€1,535 | +8.5% |
| Cash at bank and in hand | 54/58 | €213,027 | €265,176 | +€52,149 | +24.5% |
| Deferred charges and accrued income | 490/1 | €7,530 | €7,029 | -€501 | -6.6% |
| Total equity and liabilities | 10/49 | €369,766 | €414,874 | +€45,109 | +12.2% |
| Equity | 10/15 | €341,692 | €360,907 | +€19,214 | +5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,177 | €116,391 | +€19,214 | +19.8% |
| Distributable reserves | 133 | €97,177 | €116,391 | +€19,214 | +19.8% |
| Profit (loss) carried forward | 14 | €238,316 | €238,316 | = | 0.0% |
| Amounts payable | 17/49 | €28,073 | €53,967 | +€25,894 | +92.2% |
| Amounts payable after more than one year | 17 | €50 | €50 | = | 0.0% |
| Other amounts payable | 178/9 | €50 | €50 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,682 | €53,917 | +€26,235 | +94.8% |
| Financial debts | 43 | €4,293 | €975 | -€3,318 | -77.3% |
| Credit institutions | 430/8 | €4,293 | €975 | -€3,318 | -77.3% |
| Trade debts | 44 | €3,681 | €2,293 | -€1,388 | -37.7% |
| Suppliers | 440/4 | €3,681 | €2,293 | -€1,388 | -37.7% |
| Taxes, remuneration and social security | 45 | €4,305 | €21,650 | +€17,345 | +403% |
| Taxes | 450/3 | €4,305 | €21,650 | +€17,345 | +403% |
| Other amounts payable | 47/48 | €15,404 | €29,000 | +€13,596 | +88.3% |
| Accrued charges and deferred income | 492/3 | €341 | - | -€341 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,675 | €13,351 | -€1,324 | -9.0% |
| Other operating charges | 640/8 | €1,960 | €3,610 | +€1,650 | +84.2% |
| Gross operating margin | 9900 | €113,575 | €87,714 | -€25,861 | -22.8% |
| Operating profit (loss) | 9901 | €96,940 | €70,753 | -€26,187 | -27.0% |
| Financial income | 75/76B | €672 | €562 | -€110 | -16.3% |
| Recurring financial income | 75 | €672 | €562 | -€110 | -16.3% |
| Financial charges | 65/66B | €360 | €641 | +€281 | +78.0% |
| Recurring financial charges | 65 | €360 | €641 | +€281 | +78.0% |
| Profit (loss) for the period before taxes | 9903 | €97,252 | €70,675 | -€26,577 | -27.3% |
| Income taxes | 67/77 | €19,506 | €22,460 | +€2,954 | +15.1% |
| Profit (loss) for the period | 9904 | €77,746 | €48,214 | -€29,531 | -38.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,746 | €48,214 | -€29,531 | -38.0% |
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 14 October 2026 via checked.be.