ISA Advies: 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.
ISA Advies
Largest movements
- Receivables within one year +€113,015
up €113,015 (+48.4%), from €233,296 to €346,311
of which Other amounts receivable: +€68,020
- Cash +€99,915
up €99,915 (+18.0%), from €556,008 to €655,923
mainly Net result for the year (+€330,134) and Current portion of long-term debt (+€46,106)
- Reserves +€322,634
up €322,634 (+51.5%), from €626,764 to €949,397
- Debts after one year -€85,206
down €85,206 (-23.4%), from €364,264 to €279,058
of which Other amounts payable: -€55,373
- Tax, wage and social debts -€69,357
down €69,357 (-43.6%), from €158,996 to €89,639
of which Taxes: -€57,828
- Current portion of long-term debt +€46,106
up €46,106 (+85.2%), from €54,144 to €100,251
- Gross operating margin +€277,166
up €277,166 (+102%), from €270,555 to €547,721
- Taxes +€91,814
up €91,814 (+160%), from €57,430 to €149,243
- Depreciation -€40,991
down €40,991 (-72.9%), from €56,267 to €15,275
- Staff costs +€20,797
up €20,797 (+108%), from €19,169 to €39,967
- Financial charges +€11,895
up €11,895 (+508%), from €2,340 to €14,235
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 | €1,234,064 | €1,456,095 | +€222,032 | +18.0% |
| Fixed assets | 21/28 | €441,490 | €449,040 | +€7,550 | +1.7% |
| Tangible fixed assets | 22/27 | €441,190 | €448,740 | +€7,550 | +1.7% |
| Land and buildings | 22 | €400,000 | €400,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,423 | €993 | -€1,430 | -59.0% |
| Furniture and vehicles | 24 | €38,767 | €47,747 | +€8,980 | +23.2% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €792,574 | €1,007,055 | +€214,481 | +27.1% |
| Stocks and contracts in progress | 3 | €468 | €1,084 | +€615 | +131% |
| Stocks | 30/36 | €468 | €1,084 | +€615 | +131% |
| Amounts receivable within one year | 40/41 | €233,296 | €346,311 | +€113,015 | +48.4% |
| Trade receivables | 40 | €195,091 | €240,085 | +€44,995 | +23.1% |
| Other amounts receivable | 41 | €38,205 | €106,226 | +€68,020 | +178% |
| Cash at bank and in hand | 54/58 | €556,008 | €655,923 | +€99,915 | +18.0% |
| Deferred charges and accrued income | 490/1 | €2,802 | €3,738 | +€936 | +33.4% |
| Total equity and liabilities | 10/49 | €1,234,064 | €1,456,095 | +€222,032 | +18.0% |
| Equity | 10/15 | €645,764 | €968,397 | +€322,634 | +50.0% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €626,764 | €949,397 | +€322,634 | +51.5% |
| Distributable reserves | 133 | €626,764 | €949,397 | +€322,634 | +51.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €588,300 | €487,698 | -€100,602 | -17.1% |
| Amounts payable after more than one year | 17 | €364,264 | €279,058 | -€85,206 | -23.4% |
| Financial debts | 170/4 | €308,891 | €279,058 | -€29,833 | -9.7% |
| Other amounts payable | 178/9 | €55,373 | €0 | -€55,373 | -100% |
| Amounts payable within one year | 42/48 | €224,036 | €208,640 | -€15,396 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €54,144 | €100,251 | +€46,106 | +85.2% |
| Trade debts | 44 | €6,854 | €12,687 | +€5,833 | +85.1% |
| Suppliers | 440/4 | €6,854 | €12,687 | +€5,833 | +85.1% |
| Taxes, remuneration and social security | 45 | €158,996 | €89,639 | -€69,357 | -43.6% |
| Taxes | 450/3 | €138,349 | €80,521 | -€57,828 | -41.8% |
| Remuneration and social security | 454/9 | €20,646 | €9,118 | -€11,528 | -55.8% |
| Other amounts payable | 47/48 | €4,042 | €6,063 | +€2,021 | +50.0% |
| Remuneration, social security and pensions | 62 | €19,169 | €39,967 | +€20,797 | +108% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,267 | €15,275 | -€40,991 | -72.9% |
| Other operating charges | 640/8 | €861 | €3,198 | +€2,337 | +272% |
| Gross operating margin | 9900 | €270,555 | €547,721 | +€277,166 | +102% |
| Operating profit (loss) | 9901 | €194,258 | €489,281 | +€295,023 | +152% |
| Financial income | 75/76B | €0 | €4,331 | +€4,331 | +1,312,421% |
| Recurring financial income | 75 | €0 | €4,331 | +€4,331 | +1,312,421% |
| Financial charges | 65/66B | €2,340 | €14,235 | +€11,895 | +508% |
| Recurring financial charges | 65 | €2,340 | €14,235 | +€11,895 | +508% |
| Profit (loss) for the period before taxes | 9903 | €191,918 | €479,377 | +€287,459 | +150% |
| Income taxes | 67/77 | €57,430 | €149,243 | +€91,814 | +160% |
| Profit (loss) for the period | 9904 | €134,489 | €330,134 | +€195,645 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €134,489 | €330,134 | +€195,645 | +145% |
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.