Is@bel: what changed
Two fiscal 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.
Is@bel
Largest movements
- Tangible fixed assets -€4,909
down €4,909 (-27.4%), from €17,934 to €13,025
- Receivables within one year -€3,242
down €3,242 (-20.0%), from €16,200 to €12,958
of which Other amounts receivable: -€4,724
- Other debts +€21,068
up €21,068 (+210.7%), from €10,000 to €31,068
- Reserves -€17,869
down €17,869 (-21.5%), from €83,179 to €65,309
of which Distributable reserves: -€17,869
- Tax, wage and social debts -€5,525
down €5,525 (-81.9%), from €6,749 to €1,223
- Trade debts -€3,575
no longer reported in 2025 (was €3,575)
- Gross operating margin -€20,602
down €20,602 (-44.1%), from €46,741 to €26,139
- Taxes -€6,647
down €6,647 (-47.9%), from €13,871 to €7,224
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.
Cash bridge derived
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 | €132,839 | €126,113 | -€6,726 | -5.1% |
| Fixed assets | 21/28 | €17,934 | €13,025 | -€4,909 | -27.4% |
| Tangible fixed assets | 22/27 | €17,934 | €13,025 | -€4,909 | -27.4% |
| Furniture and vehicles | 24 | €17,934 | €13,025 | -€4,909 | -27.4% |
| Current assets | 29/58 | €114,906 | €113,088 | -€1,817 | -1.6% |
| Amounts receivable within one year | 40/41 | €16,200 | €12,958 | -€3,242 | -20.0% |
| Trade receivables | 40 | €9,700 | €11,182 | +€1,482 | +15.3% |
| Other amounts receivable | 41 | €6,500 | €1,776 | -€4,724 | -72.7% |
| Cash at bank and in hand | 54/58 | €97,278 | €98,507 | +€1,229 | +1.3% |
| Deferred charges and accrued income | 490/1 | €1,428 | €1,624 | +€195 | +13.7% |
| Total equity and liabilities | 10/49 | €132,839 | €126,113 | -€6,726 | -5.1% |
| Equity | 10/15 | €112,225 | €93,523 | -€18,702 | -16.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €83,179 | €65,309 | -€17,869 | -21.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €81,319 | €63,449 | -€17,869 | -22.0% |
| Profit (loss) carried forward | 14 | €16,646 | €15,813 | -€833 | -5.0% |
| Amounts payable | 17/49 | €20,614 | €32,591 | +€11,976 | +58.1% |
| Amounts payable within one year | 42/48 | €20,324 | €32,291 | +€11,967 | +58.9% |
| Trade debts | 44 | €3,575 | - | -€3,575 | |
| Suppliers | 440/4 | €3,575 | - | -€3,575 | |
| Taxes, remuneration and social security | 45 | €6,749 | €1,223 | -€5,525 | -81.9% |
| Taxes | 450/3 | €6,749 | €1,223 | -€5,525 | -81.9% |
| Other amounts payable | 47/48 | €10,000 | €31,068 | +€21,068 | +210.7% |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,767 | €6,055 | +€288 | +5.0% |
| Other operating charges | 640/8 | €839 | €764 | -€75 | -8.9% |
| Gross operating margin | 9900 | €46,741 | €26,139 | -€20,602 | -44.1% |
| Operating profit (loss) | 9901 | €40,135 | €19,321 | -€20,814 | -51.9% |
| Financial income | 75/76B | €264 | €197 | -€67 | -25.3% |
| Recurring financial income | 75 | €264 | €197 | -€67 | -25.3% |
| Financial charges | 65/66B | €240 | €242 | +€2 | +0.9% |
| Recurring financial charges | 65 | €240 | €242 | +€2 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €40,159 | €19,276 | -€20,883 | -52.0% |
| Income taxes | 67/77 | €13,871 | €7,224 | -€6,647 | -47.9% |
| Profit (loss) for the period | 9904 | €26,288 | €12,052 | -€14,236 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €26,288 | €12,052 | -€14,236 | -54.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.