ISUTIA: 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.
ISUTIA
Largest movements
- Cash -€80,425
down €80,425 (-44.9%), from €179,122 to €98,697
mainly Net result for the year (-€202,296) and Other debts (-€99,461)
- Receivables within one year +€67,133
up €67,133 (+108%), from €62,421 to €129,554
of which Other amounts receivable: +€104,727
- Tangible fixed assets -€24,999
down €24,999 (-4.6%), from €540,963 to €515,964
of which Other tangible fixed assets: -€56,410
- Accrued charges and deferred income +€229,092
new in 2024: €229,092
- Profit (loss) carried forward -€202,296
down €202,296 (-49.3%), from -€410,009 to -€612,305
- Trade debts +€138,077
up €138,077 (+269%), from €51,364 to €189,441
- Other debts -€99,461
down €99,461 (-10.6%), from €935,395 to €835,935
- Tax, wage and social debts -€98,448
down €98,448 (-43.4%), from €226,826 to €128,378
of which Taxes: -€98,825
- Gross operating margin -€81,232
down €81,232 (-27.6%), from €294,725 to €213,493
- Financial income -€76,638
down €76,638 (-99.7%), from €76,849 to €210
of which Non-recurring financial income: -€64,658
- Staff costs +€51,239
up €51,239 (+20.7%), from €247,324 to €298,563
- Other operating charges +€17,295
new in 2024: €17,295
- Financial charges -€10,840
down €10,840 (-47.3%), from €22,937 to €12,097
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.
Derived cash bridge
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 | €809,777 | €776,741 | -€33,036 | -4.1% |
| Fixed assets | 21/28 | €540,963 | €515,964 | -€24,999 | -4.6% |
| Tangible fixed assets | 22/27 | €540,963 | €515,964 | -€24,999 | -4.6% |
| Land and buildings | 22 | €6,625 | €5,385 | -€1,240 | -18.7% |
| Plant, machinery and equipment | 23 | €43,754 | €40,763 | -€2,992 | -6.8% |
| Furniture and vehicles | 24 | €18,558 | €54,201 | +€35,643 | +192% |
| Other tangible fixed assets | 26 | €408,733 | €352,323 | -€56,410 | -13.8% |
| Assets under construction and advance payments | 27 | €63,293 | €63,293 | = | 0.0% |
| Current assets | 29/58 | €268,814 | €260,778 | -€8,037 | -3.0% |
| Stocks and contracts in progress | 3 | €27,250 | €28,790 | +€1,540 | +5.7% |
| Stocks | 30/36 | €27,250 | €28,790 | +€1,540 | +5.7% |
| Amounts receivable within one year | 40/41 | €62,421 | €129,554 | +€67,133 | +108% |
| Trade receivables | 40 | €62,292 | €24,698 | -€37,594 | -60.4% |
| Other amounts receivable | 41 | €129 | €104,857 | +€104,727 | +81,077% |
| Cash at bank and in hand | 54/58 | €179,122 | €98,697 | -€80,425 | -44.9% |
| Deferred charges and accrued income | 490/1 | €22 | €3,736 | +€3,715 | +17,245% |
| Total equity and liabilities | 10/49 | €809,777 | €776,741 | -€33,036 | -4.1% |
| Equity | 10/15 | -€403,809 | -€606,105 | -€202,296 | -50.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €6,200 | - | -€6,200 | |
| Profit (loss) carried forward | 14 | -€410,009 | -€612,305 | -€202,296 | -49.3% |
| Amounts payable | 17/49 | €1,213,586 | €1,382,846 | +€169,260 | +13.9% |
| Amounts payable within one year | 42/48 | €1,213,586 | €1,153,755 | -€59,831 | -4.9% |
| Trade debts | 44 | €51,364 | €189,441 | +€138,077 | +269% |
| Suppliers | 440/4 | €51,364 | €189,441 | +€138,077 | +269% |
| Taxes, remuneration and social security | 45 | €226,826 | €128,378 | -€98,448 | -43.4% |
| Taxes | 450/3 | €183,476 | €84,651 | -€98,825 | -53.9% |
| Remuneration and social security | 454/9 | €43,351 | €43,728 | +€377 | +0.9% |
| Other amounts payable | 47/48 | €935,395 | €835,935 | -€99,461 | -10.6% |
| Accrued charges and deferred income | 492/3 | - | €229,092 | +€229,092 | |
| Remuneration, social security and pensions | 62 | €247,324 | €298,563 | +€51,239 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,654 | €88,044 | +€9,390 | +11.9% |
| Other operating charges | 640/8 | - | €17,295 | +€17,295 | |
| Non-recurring operating charges | 66A | €10,000 | €0 | -€10,000 | -100% |
| Gross operating margin | 9900 | €294,725 | €213,493 | -€81,232 | -27.6% |
| Operating profit (loss) | 9901 | -€41,253 | -€190,409 | -€149,156 | -362% |
| Financial income | 75/76B | €76,849 | €210 | -€76,638 | -99.7% |
| Recurring financial income | 75 | €12,190 | €210 | -€11,980 | -98.3% |
| Non-recurring financial income | 76B | €64,658 | - | -€64,658 | |
| Financial charges | 65/66B | €22,937 | €12,097 | -€10,840 | -47.3% |
| Recurring financial charges | 65 | €22,937 | €12,097 | -€10,840 | -47.3% |
| Profit (loss) for the period before taxes | 9903 | €12,659 | -€202,296 | -€214,955 | |
| Profit (loss) for the period | 9904 | €12,659 | -€202,296 | -€214,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,659 | -€202,296 | -€214,955 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.