Dr PAGE Isaline: 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.
Dr PAGE Isaline
Largest movements
- Cash +€77,956
up €77,956 (+79.9%), from €97,609 to €175,565
mainly Net result for the year (+€89,230) and Other debts (+€10,377)
- Deferred charges and accrued income +€18,195
up €18,195 (+46.3%), from €39,271 to €57,466
- Tangible fixed assets -€8,033
down €8,033 (-21.9%), from €36,727 to €28,694
of which Furniture and vehicles: -€7,579
- Profit (loss) carried forward +€89,230
up €89,230 (+154%), from €57,840 to €147,070
- Other debts +€10,377
up €10,377 (+931%), from €1,114 to €11,491
- Tax, wage and social debts -€7,384
down €7,384 (-98.4%), from €7,503 to €119
- Debts after one year -€6,849
down €6,849 (-35.1%), from €19,510 to €12,661
- Gross operating margin +€41,479
up €41,479 (+49.7%), from €83,533 to €125,012
- Taxes +€9,157
up €9,157 (+60.1%), from €15,223 to €24,380
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.
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 | €181,383 | €267,345 | +€85,961 | +47.4% |
| Fixed assets | 21/28 | €36,727 | €28,694 | -€8,033 | -21.9% |
| Tangible fixed assets | 22/27 | €36,727 | €28,694 | -€8,033 | -21.9% |
| Land and buildings | 22 | €4,193 | €3,739 | -€454 | -10.8% |
| Furniture and vehicles | 24 | €32,534 | €24,955 | -€7,579 | -23.3% |
| Current assets | 29/58 | €144,656 | €238,651 | +€93,994 | +65.0% |
| Amounts receivable within one year | 40/41 | €7,777 | €5,620 | -€2,157 | -27.7% |
| Other amounts receivable | 41 | €7,777 | €5,620 | -€2,157 | -27.7% |
| Cash at bank and in hand | 54/58 | €97,609 | €175,565 | +€77,956 | +79.9% |
| Deferred charges and accrued income | 490/1 | €39,271 | €57,466 | +€18,195 | +46.3% |
| Total equity and liabilities | 10/49 | €181,383 | €267,345 | +€85,961 | +47.4% |
| Equity | 10/15 | €144,292 | €233,522 | +€89,230 | +61.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €81,452 | €81,452 | = | 0.0% |
| Distributable reserves | 133 | €81,452 | €81,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,840 | €147,070 | +€89,230 | +154% |
| Amounts payable | 17/49 | €37,091 | €33,822 | -€3,269 | -8.8% |
| Amounts payable after more than one year | 17 | €19,510 | €12,661 | -€6,849 | -35.1% |
| Financial debts | 170/4 | €19,510 | €12,661 | -€6,849 | -35.1% |
| Amounts payable within one year | 42/48 | €17,581 | €21,161 | +€3,580 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €6,581 | €6,849 | +€267 | +4.1% |
| Trade debts | 44 | €2,383 | €2,702 | +€319 | +13.4% |
| Suppliers | 440/4 | €2,383 | €2,702 | +€319 | +13.4% |
| Taxes, remuneration and social security | 45 | €7,503 | €119 | -€7,384 | -98.4% |
| Taxes | 450/3 | €7,503 | €119 | -€7,384 | -98.4% |
| Other amounts payable | 47/48 | €1,114 | €11,491 | +€10,377 | +931% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,337 | €9,131 | +€793 | +9.5% |
| Other operating charges | 640/8 | €822 | €753 | -€70 | -8.5% |
| Gross operating margin | 9900 | €83,533 | €125,012 | +€41,479 | +49.7% |
| Operating profit (loss) | 9901 | €74,373 | €115,128 | +€40,755 | +54.8% |
| Financial charges | 65/66B | €1,310 | €1,519 | +€209 | +16.0% |
| Recurring financial charges | 65 | €1,310 | €1,519 | +€209 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | €73,064 | €113,610 | +€40,546 | +55.5% |
| Income taxes | 67/77 | €15,223 | €24,380 | +€9,157 | +60.1% |
| Profit (loss) for the period | 9904 | €57,840 | €89,230 | +€31,390 | +54.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,840 | €89,230 | +€31,390 | +54.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.