iSystems: 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.
iSystems
Largest movements
- Receivables within one year +€34,597
up €34,597 (+6.0%), from €580,710 to €615,307
of which Other amounts receivable: +€34,597
- Deferred charges and accrued income -€17,208
down €17,208 (-21.1%), from €81,698 to €64,490
- Trade debts -€29,263
down €29,263 (-80.2%), from €36,508 to €7,245
- Tax, wage and social debts +€28,518
up €28,518 (+58.8%), from €48,459 to €76,977
- Profit (loss) carried forward +€10,254
up €10,254 (+2.6%), from -€401,308 to -€391,055
- Write-downs -€163,000
no longer reported in 2024 (was €163,000)
- Gross operating margin +€83,101
up €83,101, from -€62,612 to €20,490
- Taxes -€25,268
down €25,268 (-69.1%), from €36,573 to €11,304
- Financial charges -€1,061
down €1,061 (-8.5%), from €12,446 to €11,385
- Financial income +€932
up €932 (+6.7%), from €13,965 to €14,897
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.
Cash bridge derived
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 | €886,626 | €905,158 | +€18,531 | +2.1% |
| Fixed assets | 21/28 | €207,173 | €207,080 | -€93 | 0.0% |
| Tangible fixed assets | 22/27 | €118 | €0 | -€118 | -100.0% |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | €118 | €0 | -€118 | -100.0% |
| Financial fixed assets | 28 | €207,055 | €207,080 | +€25 | 0.0% |
| Current assets | 29/58 | €679,453 | €698,078 | +€18,624 | +2.7% |
| Amounts receivable within one year | 40/41 | €580,710 | €615,307 | +€34,597 | +6.0% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €580,710 | €615,307 | +€34,597 | +6.0% |
| Cash at bank and in hand | 54/58 | €17,045 | €18,280 | +€1,235 | +7.2% |
| Deferred charges and accrued income | 490/1 | €81,698 | €64,490 | -€17,208 | -21.1% |
| Total equity and liabilities | 10/49 | €886,626 | €905,158 | +€18,531 | +2.1% |
| Equity | 10/15 | €307,449 | €317,703 | +€10,254 | +3.3% |
| Contributions | 10/11 | €700,000 | €700,000 | = | 0.0% |
| Capital | 10 | €700,000 | €700,000 | = | 0.0% |
| Issued capital | 100 | €700,000 | €700,000 | = | 0.0% |
| Reserves | 13 | €8,757 | €8,757 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,757 | €8,757 | = | 0.0% |
| Legal reserve | 130 | €8,757 | €8,757 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€401,308 | -€391,055 | +€10,254 | +2.6% |
| Amounts payable | 17/49 | €579,178 | €587,455 | +€8,277 | +1.4% |
| Amounts payable after more than one year | 17 | €402,244 | €409,374 | +€7,130 | +1.8% |
| Financial debts | 170/4 | €402,244 | €409,374 | +€7,130 | +1.8% |
| Amounts payable within one year | 42/48 | €171,136 | €165,342 | -€5,794 | -3.4% |
| Trade debts | 44 | €36,508 | €7,245 | -€29,263 | -80.2% |
| Suppliers | 440/4 | €36,508 | €7,245 | -€29,263 | -80.2% |
| Taxes, remuneration and social security | 45 | €48,459 | €76,977 | +€28,518 | +58.8% |
| Taxes | 450/3 | €48,459 | €76,977 | +€28,518 | +58.8% |
| Other amounts payable | 47/48 | €86,169 | €81,120 | -€5,049 | -5.9% |
| Accrued charges and deferred income | 492/3 | €5,798 | €12,739 | +€6,941 | +119.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123 | €118 | -€5 | -4.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €163,000 | - | -€163,000 | |
| Other operating charges | 640/8 | €1,969 | €2,326 | +€358 | +18.2% |
| Gross operating margin | 9900 | -€62,612 | €20,490 | +€83,101 | |
| Operating profit (loss) | 9901 | -€227,704 | €18,046 | +€245,749 | |
| Financial income | 75/76B | €13,965 | €14,897 | +€932 | +6.7% |
| Recurring financial income | 75 | €13,965 | €14,897 | +€932 | +6.7% |
| Financial charges | 65/66B | €12,446 | €11,385 | -€1,061 | -8.5% |
| Recurring financial charges | 65 | €12,446 | €11,385 | -€1,061 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | -€226,184 | €21,558 | +€247,742 | |
| Income taxes | 67/77 | €36,573 | €11,304 | -€25,268 | -69.1% |
| Profit (loss) for the period | 9904 | -€262,757 | €10,254 | +€273,011 | |
| Profit (loss) for the period to be appropriated | 9905 | -€262,757 | €10,254 | +€273,011 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.