GREFFE ISABELLE: 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.
GREFFE ISABELLE
Largest movements
- Receivables within one year +€85,406
up €85,406 (+12.2%), from €702,182 to €787,587
of which Other amounts receivable: +€95,637
- Tangible fixed assets -€13,248
down €13,248 (-22.2%), from €59,560 to €46,313
- Profit (loss) carried forward +€148,002
up €148,002 (+29.0%), from €509,824 to €657,827
- Tax, wage and social debts -€67,225
down €67,225 (-30.5%), from €220,639 to €153,414
of which Taxes: -€66,060
- Trade debts -€9,180
down €9,180 (-92.6%), from €9,919 to €739
- Gross operating margin +€47,067
up €47,067 (+31.0%), from €151,832 to €198,899
- Taxes +€17,692
up €17,692 (+44.5%), from €39,748 to €57,440
- Staff costs +€14,842
up €14,842 (+491%), from €3,022 to €17,864
- Depreciation +€6,569
up €6,569 (+98.4%), from €6,678 to €13,248
- Financial income +€3,710
up €3,710 (+10.2%), from €36,378 to €40,089
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 | €768,986 | €834,132 | +€65,146 | +8.5% |
| Fixed assets | 21/28 | €59,560 | €46,313 | -€13,248 | -22.2% |
| Tangible fixed assets | 22/27 | €59,560 | €46,313 | -€13,248 | -22.2% |
| Furniture and vehicles | 24 | €59,560 | €46,313 | -€13,248 | -22.2% |
| Current assets | 29/58 | €709,425 | €787,819 | +€78,394 | +11.1% |
| Amounts receivable within one year | 40/41 | €702,182 | €787,587 | +€85,406 | +12.2% |
| Trade receivables | 40 | €10,232 | - | -€10,232 | |
| Other amounts receivable | 41 | €691,950 | €787,587 | +€95,637 | +13.8% |
| Cash at bank and in hand | 54/58 | €7,244 | €232 | -€7,012 | -96.8% |
| Total equity and liabilities | 10/49 | €768,986 | €834,132 | +€65,146 | +8.5% |
| Equity | 10/15 | €512,824 | €660,827 | +€148,002 | +28.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €509,824 | €657,827 | +€148,002 | +29.0% |
| Amounts payable | 17/49 | €256,161 | €173,305 | -€82,856 | -32.3% |
| Amounts payable after more than one year | 17 | €19,152 | €12,186 | -€6,966 | -36.4% |
| Financial debts | 170/4 | €19,152 | €12,186 | -€6,966 | -36.4% |
| Amounts payable within one year | 42/48 | €237,009 | €161,119 | -€75,890 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €6,451 | €6,966 | +€515 | +8.0% |
| Trade debts | 44 | €9,919 | €739 | -€9,180 | -92.6% |
| Suppliers | 440/4 | €9,919 | €739 | -€9,180 | -92.6% |
| Taxes, remuneration and social security | 45 | €220,639 | €153,414 | -€67,225 | -30.5% |
| Taxes | 450/3 | €219,474 | €153,414 | -€66,060 | -30.1% |
| Remuneration and social security | 454/9 | €1,165 | - | -€1,165 | |
| Remuneration, social security and pensions | 62 | €3,022 | €17,864 | +€14,842 | +491% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,678 | €13,248 | +€6,569 | +98.4% |
| Other operating charges | 640/8 | - | €321 | +€321 | |
| Gross operating margin | 9900 | €151,832 | €198,899 | +€47,067 | +31.0% |
| Operating profit (loss) | 9901 | €142,131 | €167,465 | +€25,334 | +17.8% |
| Financial income | 75/76B | €36,378 | €40,089 | +€3,710 | +10.2% |
| Recurring financial income | 75 | €36,378 | €40,089 | +€3,710 | +10.2% |
| Financial charges | 65/66B | €1,152 | €2,112 | +€960 | +83.3% |
| Recurring financial charges | 65 | €1,152 | €2,112 | +€960 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | €177,358 | €205,442 | +€28,084 | +15.8% |
| Income taxes | 67/77 | €39,748 | €57,440 | +€17,692 | +44.5% |
| Profit (loss) for the period | 9904 | €137,610 | €148,002 | +€10,393 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €137,610 | €148,002 | +€10,393 | +7.6% |
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 19 October 2026 via checked.be.