M.ISIK: 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.
M.ISIK
Largest movements
- Receivables within one year +€51,443
up €51,443 (+294%), from €17,502 to €68,945
of which Trade receivables: +€48,265
- Stocks and contracts -€27,001
down €27,001 (-24.4%), from €110,457 to €83,456
- Tangible fixed assets -€12,704
down €12,704 (-77.5%), from €16,385 to €3,681
- Cash +€6,097
up €6,097 (+1,621%), from €376 to €6,473
mainly Stocks and contracts (+€27,001) and Tax, wage and social debts (+€22,095)
- Tax, wage and social debts +€22,095
up €22,095 (+203%), from €10,902 to €32,997
of which Taxes: +€28,095
- Trade debts -€18,307
down €18,307 (-24.7%), from €74,177 to €55,870
- Other debts +€11,250
new in 2024: €11,250
- Profit (loss) carried forward +€7,388
up €7,388 (+45.3%), from €16,326 to €23,714
- Debts after one year -€5,866
down €5,866 (-17.5%), from €33,447 to €27,581
- Turnover +€286,180
new in 2024: €286,180
- Purchases and services +€265,413
new in 2024: €265,413
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 | €146,853 | €163,618 | +€16,765 | +11.4% |
| Fixed assets | 21/28 | €16,385 | €3,681 | -€12,704 | -77.5% |
| Tangible fixed assets | 22/27 | €16,385 | €3,681 | -€12,704 | -77.5% |
| Furniture and vehicles | 24 | €16,385 | €3,681 | -€12,704 | -77.5% |
| Current assets | 29/58 | €130,468 | €159,937 | +€29,469 | +22.6% |
| Stocks and contracts in progress | 3 | €110,457 | €83,456 | -€27,001 | -24.4% |
| Stocks | 30/36 | €110,457 | €83,456 | -€27,001 | -24.4% |
| Amounts receivable within one year | 40/41 | €17,502 | €68,945 | +€51,443 | +294% |
| Trade receivables | 40 | €15,919 | €64,184 | +€48,265 | +303% |
| Other amounts receivable | 41 | €1,583 | €4,761 | +€3,178 | +201% |
| Cash at bank and in hand | 54/58 | €376 | €6,473 | +€6,097 | +1,621% |
| Deferred charges and accrued income | 490/1 | €2,134 | €1,063 | -€1,071 | -50.2% |
| Total equity and liabilities | 10/49 | €146,853 | €163,618 | +€16,765 | +11.4% |
| Equity | 10/15 | €22,606 | €29,994 | +€7,388 | +32.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €80 | €80 | +€0 | +0.1% |
| Non-distributable reserves | 130/1 | €80 | €80 | +€0 | +0.1% |
| Reserves not available under the articles | 1311 | €80 | €80 | +€0 | +0.1% |
| Profit (loss) carried forward | 14 | €16,326 | €23,714 | +€7,388 | +45.3% |
| Amounts payable | 17/49 | €124,247 | €133,624 | +€9,377 | +7.5% |
| Amounts payable after more than one year | 17 | €33,447 | €27,581 | -€5,866 | -17.5% |
| Financial debts | 170/4 | €33,447 | €27,581 | -€5,866 | -17.5% |
| Amounts payable within one year | 42/48 | €90,799 | €106,043 | +€15,244 | +16.8% |
| Current portion of amounts payable after more than one year | 42 | €5,720 | €5,926 | +€206 | +3.6% |
| Trade debts | 44 | €74,177 | €55,870 | -€18,307 | -24.7% |
| Suppliers | 440/4 | €74,177 | €55,870 | -€18,307 | -24.7% |
| Taxes, remuneration and social security | 45 | €10,902 | €32,997 | +€22,095 | +203% |
| Taxes | 450/3 | €4,902 | €32,997 | +€28,095 | +573% |
| Remuneration and social security | 454/9 | €6,000 | - | -€6,000 | |
| Other amounts payable | 47/48 | - | €11,250 | +€11,250 | |
| Turnover | 70 | - | €286,180 | +€286,180 | |
| Non-recurring operating income | 76A | €42,747 | - | -€42,747 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €265,413 | +€265,413 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,534 | €8,479 | -€55 | -0.6% |
| Other operating charges | 640/8 | €3,422 | €1,216 | -€2,206 | -64.5% |
| Gross operating margin | 9900 | €18,130 | €20,768 | +€2,638 | +14.6% |
| Operating profit (loss) | 9901 | €6,174 | €11,073 | +€4,899 | +79.3% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,589 | €3,684 | +€1,095 | +42.3% |
| Recurring financial charges | 65 | €2,589 | €3,684 | +€1,095 | +42.3% |
| Profit (loss) for the period before taxes | 9903 | €3,586 | €7,389 | +€3,803 | +106% |
| Income taxes | 67/77 | €1,954 | - | -€1,954 | |
| Profit (loss) for the period | 9904 | €1,632 | €7,389 | +€5,757 | +353% |
| Profit (loss) for the period to be appropriated | 9905 | €1,632 | €7,389 | +€5,757 | +353% |
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.