ISV Construct: 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 Construct
Largest movements
- Cash -€11,650
down €11,650 (-43.6%), from €26,693 to €15,043
mainly Net result for the year (-€16,035) and Receivables within one year (-€856)
- Tangible fixed assets -€5,380
down €5,380 (-23.5%), from €22,925 to €17,545
- Receivables within one year +€856
up €856 (+61.3%), from €1,397 to €2,253
of which Other amounts receivable: +€856
- Profit (loss) carried forward -€10,344
down €10,344 (-100.0%), from €10,344 to €0
- Reserves -€5,692
down €5,692 (-20.0%), from €28,469 to €22,777
- Turnover -€88,615
down €88,615 (-80.5%), from €110,014 to €21,399
- Purchases and services -€50,935
down €50,935 (-62.1%), from €82,046 to €31,111
- Gross operating margin -€37,679
down €37,679, from €27,967 to -€9,712
- Taxes -€3,350
no longer reported in 2025 (was €3,350)
- Depreciation +€1,405
up €1,405 (+35.3%), from €3,975 to €5,380
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 | €51,472 | €35,045 | -€16,427 | -31.9% |
| Fixed assets | 21/28 | €23,129 | €17,749 | -€5,380 | -23.3% |
| Tangible fixed assets | 22/27 | €22,925 | €17,545 | -€5,380 | -23.5% |
| Furniture and vehicles | 24 | €22,925 | €17,545 | -€5,380 | -23.5% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €28,343 | €17,296 | -€11,047 | -39.0% |
| Amounts receivable within one year | 40/41 | €1,397 | €2,253 | +€856 | +61.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €1,397 | €2,253 | +€856 | +61.3% |
| Cash at bank and in hand | 54/58 | €26,693 | €15,043 | -€11,650 | -43.6% |
| Deferred charges and accrued income | 490/1 | €253 | €0 | -€253 | -100.0% |
| Total equity and liabilities | 10/49 | €51,472 | €35,045 | -€16,427 | -31.9% |
| Equity | 10/15 | €45,013 | €28,977 | -€16,036 | -35.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €28,469 | €22,777 | -€5,692 | -20.0% |
| Distributable reserves | 133 | €28,469 | €22,777 | -€5,692 | -20.0% |
| Profit (loss) carried forward | 14 | €10,344 | €0 | -€10,344 | -100.0% |
| Amounts payable | 17/49 | €6,459 | €6,068 | -€391 | -6.1% |
| Amounts payable within one year | 42/48 | €6,459 | €6,068 | -€391 | -6.1% |
| Trade debts | 44 | €391 | €0 | -€391 | -100.0% |
| Suppliers | 440/4 | €391 | €0 | -€391 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,185 | €3,185 | = | 0.0% |
| Taxes | 450/3 | €3,185 | €3,185 | = | 0.0% |
| Other amounts payable | 47/48 | €2,883 | €2,883 | = | 0.0% |
| Turnover | 70 | €110,014 | €21,399 | -€88,615 | -80.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €82,046 | €31,111 | -€50,935 | -62.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,975 | €5,380 | +€1,405 | +35.3% |
| Other operating charges | 640/8 | €781 | €889 | +€108 | +13.8% |
| Gross operating margin | 9900 | €27,967 | -€9,712 | -€37,679 | |
| Operating profit (loss) | 9901 | €23,211 | -€15,981 | -€39,192 | |
| Financial charges | 65/66B | €146 | €54 | -€92 | -63.0% |
| Recurring financial charges | 65 | €146 | €54 | -€92 | -63.0% |
| Profit (loss) for the period before taxes | 9903 | €23,065 | -€16,035 | -€39,100 | |
| Income taxes | 67/77 | €3,350 | - | -€3,350 | |
| Profit (loss) for the period | 9904 | €19,715 | -€16,035 | -€35,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,715 | -€16,035 | -€35,750 |
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 6 October 2026 via checked.be.