I.S.A.T.: 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.
I.S.A.T.
Largest movements
- Receivables within one year -€14,854
down €14,854 (-76.7%), from €19,358 to €4,504
of which Trade receivables: -€14,854
- Other debts -€22,842
down €22,842 (-24.6%), from €92,892 to €70,051
- Profit (loss) carried forward +€7,188
up €7,188, from -€6,486 to €702
- Accrued charges and deferred income +€5,698
up €5,698 (+406%), from €1,402 to €7,100
- Debts after one year -€5,593
down €5,593 (-1.4%), from €394,026 to €388,433
- Gross operating margin +€48,510
up €48,510 (+323%), from €15,008 to €63,518
- Financial charges +€24,145
up €24,145 (+270%), from €8,934 to €33,079
- Depreciation -€2,420
down €2,420 (-10.4%), from €23,197 to €20,777
- Other operating charges +€1,156
up €1,156 (+87.7%), from €1,319 to €2,475
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 | €509,147 | €490,841 | -€18,306 | -3.6% |
| Fixed assets | 21/28 | €486,724 | €483,042 | -€3,681 | -0.8% |
| Tangible fixed assets | 22/27 | €419,224 | €415,542 | -€3,681 | -0.9% |
| Land and buildings | 22 | €394,938 | €385,888 | -€9,050 | -2.3% |
| Plant, machinery and equipment | 23 | €16,935 | €16,315 | -€620 | -3.7% |
| Furniture and vehicles | 24 | €7,350 | €13,339 | +€5,988 | +81.5% |
| Financial fixed assets | 28 | €67,500 | €67,500 | = | 0.0% |
| Current assets | 29/58 | €22,423 | €7,799 | -€14,625 | -65.2% |
| Amounts receivable within one year | 40/41 | €19,358 | €4,504 | -€14,854 | -76.7% |
| Trade receivables | 40 | €19,358 | €4,504 | -€14,854 | -76.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €837 | €633 | -€204 | -24.4% |
| Deferred charges and accrued income | 490/1 | €2,228 | €2,661 | +€433 | +19.4% |
| Total equity and liabilities | 10/49 | €509,147 | €490,841 | -€18,306 | -3.6% |
| Equity | 10/15 | -€4,486 | €2,702 | +€7,188 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,486 | €702 | +€7,188 | |
| Amounts payable | 17/49 | €513,633 | €488,139 | -€25,494 | -5.0% |
| Amounts payable after more than one year | 17 | €394,026 | €388,433 | -€5,593 | -1.4% |
| Financial debts | 170/4 | €394,026 | €388,433 | -€5,593 | -1.4% |
| Amounts payable within one year | 42/48 | €118,205 | €92,606 | -€25,599 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | €5,155 | €5,593 | +€438 | +8.5% |
| Trade debts | 44 | €7,222 | €7,503 | +€281 | +3.9% |
| Suppliers | 440/4 | €7,222 | €7,503 | +€281 | +3.9% |
| Taxes, remuneration and social security | 45 | €12,936 | €9,460 | -€3,476 | -26.9% |
| Taxes | 450/3 | €12,903 | €9,325 | -€3,578 | -27.7% |
| Remuneration and social security | 454/9 | €33 | €135 | +€102 | +312% |
| Other amounts payable | 47/48 | €92,892 | €70,051 | -€22,842 | -24.6% |
| Accrued charges and deferred income | 492/3 | €1,402 | €7,100 | +€5,698 | +406% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,197 | €20,777 | -€2,420 | -10.4% |
| Other operating charges | 640/8 | €1,319 | €2,475 | +€1,156 | +87.7% |
| Gross operating margin | 9900 | €15,008 | €63,518 | +€48,510 | +323% |
| Operating profit (loss) | 9901 | -€9,508 | €40,266 | +€49,774 | |
| Financial income | 75/76B | €131 | €0 | -€131 | -100% |
| Recurring financial income | 75 | €131 | €0 | -€131 | -100% |
| Financial charges | 65/66B | €8,934 | €33,079 | +€24,145 | +270% |
| Recurring financial charges | 65 | €8,934 | €33,079 | +€24,145 | +270% |
| Profit (loss) for the period before taxes | 9903 | -€18,311 | €7,188 | +€25,498 | |
| Income taxes | 67/77 | €89 | €0 | -€89 | -100% |
| Profit (loss) for the period | 9904 | -€18,400 | €7,188 | +€25,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€18,400 | €7,188 | +€25,587 |
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.