ISYTEC: 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.
ISYTEC
Largest movements
- Current investments +€167,134
up €167,134 (+75.3%), from €221,982 to €389,116
- Receivables within one year -€152,087
down €152,087 (-27.6%), from €551,850 to €399,763
of which Trade receivables: -€82,532
- Stocks and contracts -€45,304
down €45,304 (-4.7%), from €963,485 to €918,181
of which Contracts in progress: -€240,721
- Cash -€37,231
down €37,231 (-9.9%), from €374,804 to €337,573
mainly Contributions, distributions and other (-€781,231) and Current investments (-€167,134)
- Reserves -€154,290
down €154,290 (-7.3%), from €2.1m to €2.0m
of which Distributable reserves: -€259,540
- Debts after one year +€89,069
new in 2025: €89,069
- Trade debts +€31,104
up €31,104 (+29.2%), from €106,601 to €137,705
- Tax, wage and social debts -€30,630
down €30,630 (-22.6%), from €135,730 to €105,099
of which Taxes: -€26,387
- Gross operating margin +€473,113
up €473,113 (+51.2%), from €924,361 to €1.4m
- Taxes +€171,876
up €171,876 (+420.3%), from €40,896 to €212,772
- Staff costs -€127,301
down €127,301 (-16.2%), from €787,349 to €660,048
- Financial income -€58,213
down €58,213 (-21.0%), from €276,867 to €218,653
- Financial charges +€14,175
up €14,175 (+108.9%), from €13,017 to €27,191
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 | €2,471,662 | €2,423,752 | -€47,910 | -1.9% |
| Fixed assets | 21/28 | €327,045 | €334,553 | +€7,508 | +2.3% |
| Tangible fixed assets | 22/27 | €289,745 | €297,253 | +€7,508 | +2.6% |
| Land and buildings | 22 | €176,939 | €190,498 | +€13,559 | +7.7% |
| Furniture and vehicles | 24 | €112,806 | €106,756 | -€6,051 | -5.4% |
| Financial fixed assets | 28 | €37,300 | €37,300 | = | 0.0% |
| Current assets | 29/58 | €2,144,617 | €2,089,199 | -€55,418 | -2.6% |
| Stocks and contracts in progress | 3 | €963,485 | €918,181 | -€45,304 | -4.7% |
| Stocks | 30/36 | €486,823 | €682,239 | +€195,416 | +40.1% |
| Contracts in progress | 37 | €476,662 | €235,941 | -€240,721 | -50.5% |
| Amounts receivable within one year | 40/41 | €551,850 | €399,763 | -€152,087 | -27.6% |
| Trade receivables | 40 | €290,553 | €208,021 | -€82,532 | -28.4% |
| Other amounts receivable | 41 | €261,297 | €191,742 | -€69,555 | -26.6% |
| Current investments | 50/53 | €221,982 | €389,116 | +€167,134 | +75.3% |
| Cash at bank and in hand | 54/58 | €374,804 | €337,573 | -€37,231 | -9.9% |
| Deferred charges and accrued income | 490/1 | €32,495 | €44,566 | +€12,071 | +37.1% |
| Total equity and liabilities | 10/49 | €2,471,662 | €2,423,752 | -€47,910 | -1.9% |
| Equity | 10/15 | €2,229,331 | €2,075,041 | -€154,290 | -6.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,119,027 | €1,964,737 | -€154,290 | -7.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €105,250 | +€105,250 | |
| Distributable reserves | 133 | €2,117,027 | €1,857,487 | -€259,540 | -12.3% |
| Profit (loss) carried forward | 14 | €90,304 | €90,304 | = | 0.0% |
| Amounts payable | 17/49 | €242,331 | €348,711 | +€106,380 | +43.9% |
| Amounts payable after more than one year | 17 | - | €89,069 | +€89,069 | |
| Other amounts payable | 178/9 | - | €89,069 | +€89,069 | |
| Amounts payable within one year | 42/48 | €242,331 | €259,643 | +€17,312 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | - | €16,838 | +€16,838 | |
| Trade debts | 44 | €106,601 | €137,705 | +€31,104 | +29.2% |
| Suppliers | 440/4 | €106,601 | €137,705 | +€31,104 | +29.2% |
| Taxes, remuneration and social security | 45 | €135,730 | €105,099 | -€30,630 | -22.6% |
| Taxes | 450/3 | €63,556 | €37,169 | -€26,387 | -41.5% |
| Remuneration and social security | 454/9 | €72,174 | €67,930 | -€4,243 | -5.9% |
| Remuneration, social security and pensions | 62 | €787,349 | €660,048 | -€127,301 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,719 | €81,341 | -€1,379 | -1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€526 | -€526 | |
| Other operating charges | 640/8 | €8,300 | €8,359 | +€60 | +0.7% |
| Gross operating margin | 9900 | €924,361 | €1,397,473 | +€473,113 | +51.2% |
| Operating profit (loss) | 9901 | €45,993 | €648,251 | +€602,258 | +1309.5% |
| Financial income | 75/76B | €276,867 | €218,653 | -€58,213 | -21.0% |
| Recurring financial income | 75 | €276,867 | €218,653 | -€58,213 | -21.0% |
| Financial charges | 65/66B | €13,017 | €27,191 | +€14,175 | +108.9% |
| Recurring financial charges | 65 | €13,017 | €27,191 | +€14,175 | +108.9% |
| Profit (loss) for the period before taxes | 9903 | €309,843 | €839,713 | +€529,870 | +171.0% |
| Income taxes | 67/77 | €40,896 | €212,772 | +€171,876 | +420.3% |
| Profit (loss) for the period | 9904 | €268,947 | €626,941 | +€357,994 | +133.1% |
| Transfer to tax-exempt reserves | 689 | - | €105,250 | +€105,250 | |
| Profit (loss) for the period to be appropriated | 9905 | €268,947 | €521,691 | +€252,744 | +94.0% |
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 30 September 2026 via checked.be.