ISA-BEAU: 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-BEAU
Largest movements
- Tangible fixed assets -€15,896
down €15,896 (-29.0%), from €54,819 to €38,923
of which Leasing and similar rights: -€9,074
- Cash +€4,016
up €4,016 (+67.6%), from €5,940 to €9,956
mainly Depreciation (+€17,646) and Other debts (+€14,062)
- Stocks and contracts +€2,378
up €2,378 (+1.9%), from €125,226 to €127,604
- Other debts +€14,062
up €14,062 (+9.9%), from €142,727 to €156,789
- Profit (loss) carried forward -€11,339
down €11,339 (-39.0%), from -€29,071 to -€40,410
- Trade debts -€6,605
down €6,605 (-18.4%), from €35,825 to €29,221
- Debts after one year -€4,780
down €4,780 (-100%), from €4,780 to €0
- Current portion of long-term debt -€4,062
down €4,062 (-45.9%), from €8,841 to €4,780
- Gross operating margin -€10,909
down €10,909 (-52.6%), from €20,746 to €9,837
- Other operating charges -€756
down €756 (-23.2%), from €3,253 to €2,497
- Depreciation -€619
down €619 (-3.4%), from €18,265 to €17,646
- Financial charges +€319
up €319 (+93.8%), from €340 to €660
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 | €195,392 | €182,585 | -€12,807 | -6.6% |
| Fixed assets | 21/28 | €59,929 | €42,283 | -€17,646 | -29.4% |
| Intangible fixed assets | 21 | €5,110 | €3,360 | -€1,750 | -34.2% |
| Tangible fixed assets | 22/27 | €54,819 | €38,923 | -€15,896 | -29.0% |
| Land and buildings | 22 | €41,931 | €35,255 | -€6,676 | -15.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €358 | €213 | -€145 | -40.6% |
| Leasing and similar rights | 25 | €12,530 | €3,456 | -€9,074 | -72.4% |
| Current assets | 29/58 | €135,463 | €140,302 | +€4,839 | +3.6% |
| Stocks and contracts in progress | 3 | €125,226 | €127,604 | +€2,378 | +1.9% |
| Stocks | 30/36 | €125,226 | €127,604 | +€2,378 | +1.9% |
| Amounts receivable within one year | 40/41 | €2,313 | €362 | -€1,951 | -84.3% |
| Trade receivables | 40 | - | €92 | +€92 | |
| Other amounts receivable | 41 | €2,313 | €270 | -€2,043 | -88.3% |
| Cash at bank and in hand | 54/58 | €5,940 | €9,956 | +€4,016 | +67.6% |
| Deferred charges and accrued income | 490/1 | €1,984 | €2,380 | +€395 | +19.9% |
| Total equity and liabilities | 10/49 | €195,392 | €182,585 | -€12,807 | -6.6% |
| Equity | 10/15 | €2,831 | -€8,508 | -€11,339 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €13,302 | €13,302 | = | 0.0% |
| Distributable reserves | 133 | €13,302 | €13,302 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€29,071 | -€40,410 | -€11,339 | -39.0% |
| Amounts payable | 17/49 | €192,561 | €191,093 | -€1,468 | -0.8% |
| Amounts payable after more than one year | 17 | €4,780 | €0 | -€4,780 | -100% |
| Financial debts | 170/4 | €4,780 | €0 | -€4,780 | -100% |
| Amounts payable within one year | 42/48 | €187,394 | €191,093 | +€3,699 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €8,841 | €4,780 | -€4,062 | -45.9% |
| Trade debts | 44 | €35,825 | €29,221 | -€6,605 | -18.4% |
| Suppliers | 440/4 | €35,825 | €29,221 | -€6,605 | -18.4% |
| Taxes, remuneration and social security | 45 | - | €304 | +€304 | |
| Taxes | 450/3 | - | €304 | +€304 | |
| Other amounts payable | 47/48 | €142,727 | €156,789 | +€14,062 | +9.9% |
| Accrued charges and deferred income | 492/3 | €387 | €0 | -€387 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,265 | €17,646 | -€619 | -3.4% |
| Other operating charges | 640/8 | €3,253 | €2,497 | -€756 | -23.2% |
| Gross operating margin | 9900 | €20,746 | €9,837 | -€10,909 | -52.6% |
| Operating profit (loss) | 9901 | -€772 | -€10,306 | -€9,534 | -1,234% |
| Financial income | 75/76B | €49 | €141 | +€92 | +185% |
| Recurring financial income | 75 | €49 | €141 | +€92 | +185% |
| Financial charges | 65/66B | €340 | €660 | +€319 | +93.8% |
| Recurring financial charges | 65 | €340 | €660 | +€319 | +93.8% |
| Profit (loss) for the period before taxes | 9903 | -€1,063 | -€10,825 | -€9,761 | -918% |
| Income taxes | 67/77 | €537 | €514 | -€23 | -4.3% |
| Profit (loss) for the period | 9904 | -€1,601 | -€11,339 | -€9,738 | -608% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,601 | -€11,339 | -€9,738 | -608% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.