ISV: 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.
ISV
Largest movements
- Tangible fixed assets +€25,287
up €25,287 (+197.9%), from €12,775 to €38,062
of which Furniture and vehicles: +€26,176
- Receivables within one year +€7,762
up €7,762 (+110.1%), from €7,047 to €14,809
of which Other amounts receivable: +€7,289
- Cash -€5,205
down €5,205 (-85.3%), from €6,104 to €899
mainly Investment in fixed assets (net) (-€29,902) and Trade debts (-€17,566)
- Other debts +€24,736
new in 2025: €24,736
- Trade debts -€17,566
down €17,566 (-79.2%), from €22,189 to €4,623
- Profit (loss) carried forward +€17,441
up €17,441 (+4747.6%), from €367 to €17,808
- Tax, wage and social debts +€3,234
up €3,234 (+136.4%), from €2,370 to €5,604
of which Taxes: +€1,990
- Purchases and services -€69,409
no longer reported in 2025 (was €69,409)
- Turnover -€69,368
no longer reported in 2025 (was €69,368)
- Gross operating margin +€27,703
up €27,703, from -€41 to €27,661
- Taxes +€4,360
new in 2025: €4,360
- Depreciation +€2,029
up €2,029 (+78.4%), from €2,587 to €4,616
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 | €25,926 | €53,770 | +€27,844 | +107.4% |
| Fixed assets | 21/28 | €12,775 | €38,062 | +€25,287 | +197.9% |
| Tangible fixed assets | 22/27 | €12,775 | €38,062 | +€25,287 | +197.9% |
| Plant, machinery and equipment | 23 | €1,668 | €779 | -€889 | -53.3% |
| Furniture and vehicles | 24 | €11,107 | €37,283 | +€26,176 | +235.7% |
| Current assets | 29/58 | €13,151 | €15,709 | +€2,557 | +19.4% |
| Amounts receivable within one year | 40/41 | €7,047 | €14,809 | +€7,762 | +110.1% |
| Trade receivables | 40 | €6,162 | €6,635 | +€473 | +7.7% |
| Other amounts receivable | 41 | €885 | €8,174 | +€7,289 | +823.8% |
| Cash at bank and in hand | 54/58 | €6,104 | €899 | -€5,205 | -85.3% |
| Total equity and liabilities | 10/49 | €25,926 | €53,770 | +€27,844 | +107.4% |
| Equity | 10/15 | €1,367 | €18,808 | +€17,441 | +1275.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €367 | €17,808 | +€17,441 | +4747.6% |
| Amounts payable | 17/49 | €24,559 | €34,962 | +€10,403 | +42.4% |
| Amounts payable within one year | 42/48 | €24,559 | €34,962 | +€10,403 | +42.4% |
| Trade debts | 44 | €22,189 | €4,623 | -€17,566 | -79.2% |
| Suppliers | 440/4 | €22,189 | €4,623 | -€17,566 | -79.2% |
| Taxes, remuneration and social security | 45 | €2,370 | €5,604 | +€3,234 | +136.4% |
| Taxes | 450/3 | €2,370 | €4,360 | +€1,990 | +84.0% |
| Remuneration and social security | 454/9 | - | €1,243 | +€1,243 | |
| Other amounts payable | 47/48 | - | €24,736 | +€24,736 | |
| Turnover | 70 | €69,368 | - | -€69,368 | |
| Goods, raw materials, services and sundry goods | 60/61 | €69,409 | - | -€69,409 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,587 | €4,616 | +€2,029 | +78.4% |
| Other operating charges | 640/8 | €1,443 | €1,142 | -€302 | -20.9% |
| Gross operating margin | 9900 | -€41 | €27,661 | +€27,703 | |
| Operating profit (loss) | 9901 | -€4,072 | €21,904 | +€25,976 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €67 | €104 | +€37 | +54.7% |
| Recurring financial charges | 65 | €67 | €104 | +€37 | +54.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,139 | €21,801 | +€25,940 | |
| Income taxes | 67/77 | - | €4,360 | +€4,360 | |
| Profit (loss) for the period | 9904 | -€4,139 | €17,441 | +€21,580 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,139 | €17,441 | +€21,580 |
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 2 October 2026 via checked.be.