ISSOE: 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.
ISSOE
Largest movements
- Cash -€165
down €165 (-11.1%), from €1,483 to €1,318
mainly Net result for the year (-€165)
- Profit (loss) carried forward -€165
down €165 (-1.8%), from -€9,391 to -€9,556
- Depreciation -€610
no longer reported in 2025 (was €610)
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
- Purchases and services -€64
no longer reported in 2025 (was €64)
- Gross operating margin -€24
no longer reported in 2025 (was €24)
- Financial charges -€4
down €4 (-7.2%), from €49 to €45
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 | €10,159 | €9,994 | -€165 | -1.6% |
| Current assets | 29/58 | €10,159 | €9,994 | -€165 | -1.6% |
| Stocks and contracts in progress | 3 | €8,094 | €8,094 | = | 0.0% |
| Stocks | 30/36 | €8,094 | €8,094 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €582 | €582 | = | 0.0% |
| Other amounts receivable | 41 | €582 | €582 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,483 | €1,318 | -€165 | -11.1% |
| Total equity and liabilities | 10/49 | €10,159 | €9,994 | -€165 | -1.6% |
| Equity | 10/15 | €5,609 | €5,444 | -€165 | -2.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,391 | -€9,556 | -€165 | -1.8% |
| Amounts payable | 17/49 | €4,550 | €4,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,550 | €4,550 | = | 0.0% |
| Other amounts payable | 47/48 | €4,550 | €4,550 | = | 0.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €64 | - | -€64 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €610 | - | -€610 | |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | €24 | - | -€24 | |
| Operating profit (loss) | 9901 | -€1,091 | -€120 | +€971 | +89.0% |
| Financial charges | 65/66B | €49 | €45 | -€4 | -7.2% |
| Recurring financial charges | 65 | €49 | €45 | -€4 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,140 | -€165 | +€975 | +85.5% |
| Profit (loss) for the period | 9904 | -€1,140 | -€165 | +€975 | +85.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,140 | -€165 | +€975 | +85.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.