ISTS: 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.
ISTS
Largest movements
- Cash +€117,333
up €117,333 (+125.0%), from €93,838 to €211,171
mainly Net result for the year (+€34,812) and Receivables within one year (+€24,665)
- Receivables within one year -€24,665
down €24,665 (-21.9%), from €112,636 to €87,971
of which Trade receivables: -€17,072
- Tangible fixed assets -€6,295
down €6,295 (-75.1%), from €8,376 to €2,081
- Trade debts +€24,419
up €24,419 (+337.2%), from €7,243 to €31,661
- Profit (loss) carried forward +€22,874
up €22,874 (+12.4%), from €183,840 to €206,714
- Tax, wage and social debts +€21,237
new in 2025: €21,237
- Other debts +€17,455
up €17,455 (+381.7%), from €4,573 to €22,029
- Turnover +€85,495
up €85,495 (+24.0%), from €356,434 to €441,929
- Taxes +€75,699
up €75,699, from -€53,759 to €21,940
- Gross operating margin +€65,196
up €65,196 (+900.2%), from €7,242 to €72,438
- Purchases and services +€15,422
up €15,422 (+4.4%), from €354,068 to €369,491
- Other operating charges -€9,631
down €9,631 (-51.4%), from €18,754 to €9,123
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 | €216,116 | €302,101 | +€85,985 | +39.8% |
| Fixed assets | 21/28 | €8,531 | €2,081 | -€6,450 | -75.6% |
| Tangible fixed assets | 22/27 | €8,376 | €2,081 | -€6,295 | -75.1% |
| Furniture and vehicles | 24 | €8,376 | €2,081 | -€6,295 | -75.1% |
| Financial fixed assets | 28 | €155 | €0 | -€155 | -100.0% |
| Current assets | 29/58 | €207,585 | €300,020 | +€92,435 | +44.5% |
| Amounts receivable within one year | 40/41 | €112,636 | €87,971 | -€24,665 | -21.9% |
| Trade receivables | 40 | €99,778 | €82,706 | -€17,072 | -17.1% |
| Other amounts receivable | 41 | €12,858 | €5,264 | -€7,593 | -59.1% |
| Cash at bank and in hand | 54/58 | €93,838 | €211,171 | +€117,333 | +125.0% |
| Deferred charges and accrued income | 490/1 | €1,111 | €878 | -€233 | -21.0% |
| Total equity and liabilities | 10/49 | €216,116 | €302,101 | +€85,985 | +39.8% |
| Equity | 10/15 | €204,300 | €227,174 | +€22,874 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €183,840 | €206,714 | +€22,874 | +12.4% |
| Amounts payable | 17/49 | €11,816 | €74,927 | +€63,111 | +534.1% |
| Amounts payable within one year | 42/48 | €11,816 | €74,927 | +€63,111 | +534.1% |
| Trade debts | 44 | €7,243 | €31,661 | +€24,419 | +337.2% |
| Suppliers | 440/4 | €7,243 | €31,661 | +€24,419 | +337.2% |
| Taxes, remuneration and social security | 45 | - | €21,237 | +€21,237 | |
| Taxes | 450/3 | - | €21,237 | +€21,237 | |
| Other amounts payable | 47/48 | €4,573 | €22,029 | +€17,455 | +381.7% |
| Turnover | 70 | €356,434 | €441,929 | +€85,495 | +24.0% |
| Non-recurring operating income | 76A | €4,876 | - | -€4,876 | |
| Goods, raw materials, services and sundry goods | 60/61 | €354,068 | €369,491 | +€15,422 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,003 | €6,295 | -€2,708 | -30.1% |
| Other operating charges | 640/8 | €18,754 | €9,123 | -€9,631 | -51.4% |
| Non-recurring operating charges | 66A | €227 | €275 | +€48 | +21.1% |
| Gross operating margin | 9900 | €7,242 | €72,438 | +€65,196 | +900.2% |
| Operating profit (loss) | 9901 | -€20,741 | €56,746 | +€77,487 | |
| Financial income | 75/76B | €50 | €7 | -€43 | -86.1% |
| Recurring financial income | 75 | €50 | €7 | -€43 | -86.1% |
| Financial charges | 65/66B | €85 | €1 | -€84 | -99.2% |
| Recurring financial charges | 65 | €85 | €1 | -€84 | -99.2% |
| Profit (loss) for the period before taxes | 9903 | -€20,776 | €56,753 | +€77,528 | |
| Income taxes | 67/77 | -€53,759 | €21,940 | +€75,699 | |
| Profit (loss) for the period | 9904 | €32,983 | €34,812 | +€1,829 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,983 | €34,812 | +€1,829 | +5.5% |
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 29 September 2026 via checked.be.