P-ISO: 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.
P-ISO
Largest movements
- Receivables within one year +€129,246
up €129,246 (+33.8%), from €382,636 to €511,882
of which Trade receivables: +€139,629
- Cash -€10,296
down €10,296 (-97.1%), from €10,604 to €308
mainly Receivables within one year (-€129,246) and Net result for the year (-€12,178)
- Tangible fixed assets -€7,508
down €7,508 (-29.4%), from €25,496 to €17,989
of which Furniture and vehicles: -€6,805
- Other debts +€91,137
up €91,137 (+102%), from €89,603 to €180,740
- Trade debts +€35,909
up €35,909 (+12.7%), from €283,413 to €319,322
- Profit (loss) carried forward -€12,178
down €12,178, from €11,096 to -€1,082
- Debts after one year -€7,942
no longer reported in 2025 (was €7,942)
- Staff costs +€4,949
up €4,949 (+2.6%), from €189,683 to €194,632
- Gross operating margin -€2,984
down €2,984 (-1.5%), from €198,391 to €195,407
- Financial charges +€2,310
up €2,310 (+105%), from €2,201 to €4,511
of which Non-recurring financial charges: +€3,185
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.
Derived cash bridge
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 | €420,475 | €532,006 | +€111,531 | +26.5% |
| Fixed assets | 21/28 | €25,700 | €18,193 | -€7,508 | -29.2% |
| Tangible fixed assets | 22/27 | €25,496 | €17,989 | -€7,508 | -29.4% |
| Land and buildings | 22 | €657 | €139 | -€518 | -78.8% |
| Plant, machinery and equipment | 23 | €696 | €511 | -€185 | -26.6% |
| Furniture and vehicles | 24 | €24,144 | €17,339 | -€6,805 | -28.2% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €394,774 | €513,813 | +€119,039 | +30.2% |
| Amounts receivable within one year | 40/41 | €382,636 | €511,882 | +€129,246 | +33.8% |
| Trade receivables | 40 | €368,069 | €507,698 | +€139,629 | +37.9% |
| Other amounts receivable | 41 | €14,568 | €4,184 | -€10,384 | -71.3% |
| Cash at bank and in hand | 54/58 | €10,604 | €308 | -€10,296 | -97.1% |
| Deferred charges and accrued income | 490/1 | €1,534 | €1,623 | +€89 | +5.8% |
| Total equity and liabilities | 10/49 | €420,475 | €532,006 | +€111,531 | +26.5% |
| Equity | 10/15 | €19,156 | €6,978 | -€12,178 | -63.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,096 | -€1,082 | -€12,178 | |
| Amounts payable | 17/49 | €401,318 | €525,028 | +€123,710 | +30.8% |
| Amounts payable after more than one year | 17 | €7,942 | - | -€7,942 | |
| Financial debts | 170/4 | €7,942 | - | -€7,942 | |
| Amounts payable within one year | 42/48 | €393,377 | €525,028 | +€131,652 | +33.5% |
| Current portion of amounts payable after more than one year | 42 | €7,777 | €7,942 | +€165 | +2.1% |
| Trade debts | 44 | €283,413 | €319,322 | +€35,909 | +12.7% |
| Suppliers | 440/4 | €283,413 | €319,322 | +€35,909 | +12.7% |
| Taxes, remuneration and social security | 45 | €12,583 | €17,025 | +€4,441 | +35.3% |
| Taxes | 450/3 | €645 | €4,402 | +€3,757 | +583% |
| Remuneration and social security | 454/9 | €11,939 | €12,623 | +€684 | +5.7% |
| Other amounts payable | 47/48 | €89,603 | €180,740 | +€91,137 | +102% |
| Remuneration, social security and pensions | 62 | €189,683 | €194,632 | +€4,949 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,769 | €7,508 | -€261 | -3.4% |
| Other operating charges | 640/8 | €869 | €961 | +€92 | +10.6% |
| Gross operating margin | 9900 | €198,391 | €195,407 | -€2,984 | -1.5% |
| Operating profit (loss) | 9901 | €71 | -€7,694 | -€7,765 | |
| Financial income | 75/76B | €0 | €26 | +€26 | +132,350% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +132,350% |
| Financial charges | 65/66B | €2,201 | €4,511 | +€2,310 | +105% |
| Recurring financial charges | 65 | €2,201 | €1,326 | -€875 | -39.7% |
| Non-recurring financial charges | 66B | - | €3,185 | +€3,185 | |
| Profit (loss) for the period before taxes | 9903 | -€2,130 | -€12,178 | -€10,048 | -472% |
| Income taxes | 67/77 | -€5 | - | +€5 | |
| Profit (loss) for the period | 9904 | -€2,125 | -€12,178 | -€10,054 | -473% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,125 | -€12,178 | -€10,054 | -473% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.