ISA CONCEPT: 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.
ISA CONCEPT
Largest movements
- Receivables within one year +€15,809
up €15,809 (+29.3%), from €53,889 to €69,698
of which Trade receivables: +€10,625
- Cash -€5,105
down €5,105 (-17.6%), from €28,943 to €23,838
mainly Receivables within one year (-€15,809) and Investment in fixed assets (net) (-€7,864)
- Deferred charges and accrued income -€1,691
down €1,691 (-57.0%), from €2,966 to €1,275
- Profit (loss) carried forward +€9,638
up €9,638 (+15.4%), from €62,384 to €72,022
- Current portion of long-term debt +€3,818
up €3,818 (+81.4%), from €4,691 to €8,509
- Trade debts -€3,115
down €3,115 (-80.3%), from €3,881 to €766
- Gross operating margin -€34,994
down €34,994 (-64.0%), from €54,700 to €19,707
- Taxes -€8,222
down €8,222 (-75.9%), from €10,828 to €2,606
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 | €101,891 | €111,560 | +€9,668 | +9.5% |
| Fixed assets | 21/28 | €16,094 | €16,748 | +€654 | +4.1% |
| Tangible fixed assets | 22/27 | €16,094 | €16,748 | +€654 | +4.1% |
| Plant, machinery and equipment | 23 | €779 | €339 | -€440 | -56.4% |
| Furniture and vehicles | 24 | €15,315 | €16,409 | +€1,094 | +7.1% |
| Current assets | 29/58 | €85,797 | €94,811 | +€9,014 | +10.5% |
| Amounts receivable within one year | 40/41 | €53,889 | €69,698 | +€15,809 | +29.3% |
| Trade receivables | 40 | €53,801 | €64,426 | +€10,625 | +19.7% |
| Other amounts receivable | 41 | €88 | €5,272 | +€5,184 | +5925.1% |
| Cash at bank and in hand | 54/58 | €28,943 | €23,838 | -€5,105 | -17.6% |
| Deferred charges and accrued income | 490/1 | €2,966 | €1,275 | -€1,691 | -57.0% |
| Total equity and liabilities | 10/49 | €101,891 | €111,560 | +€9,668 | +9.5% |
| Equity | 10/15 | €80,444 | €90,082 | +€9,638 | +12.0% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,384 | €72,022 | +€9,638 | +15.4% |
| Amounts payable | 17/49 | €21,448 | €21,478 | +€30 | +0.1% |
| Amounts payable after more than one year | 17 | €8,846 | €7,889 | -€956 | -10.8% |
| Financial debts | 170/4 | €8,846 | €7,889 | -€956 | -10.8% |
| Amounts payable within one year | 42/48 | €12,602 | €13,589 | +€987 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €4,691 | €8,509 | +€3,818 | +81.4% |
| Trade debts | 44 | €3,881 | €766 | -€3,115 | -80.3% |
| Suppliers | 440/4 | €3,881 | €766 | -€3,115 | -80.3% |
| Taxes, remuneration and social security | 45 | €3,828 | €4,313 | +€486 | +12.7% |
| Taxes | 450/3 | €3,828 | €2,550 | -€1,278 | -33.4% |
| Remuneration and social security | 454/9 | - | €1,763 | +€1,763 | |
| Other amounts payable | 47/48 | €202 | - | -€202 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,879 | €7,209 | +€330 | +4.8% |
| Other operating charges | 640/8 | €182 | €138 | -€44 | -24.4% |
| Gross operating margin | 9900 | €54,700 | €19,707 | -€34,994 | -64.0% |
| Operating profit (loss) | 9901 | €47,639 | €12,360 | -€35,279 | -74.1% |
| Financial income | 75/76B | €6 | €65 | +€59 | +916.9% |
| Recurring financial income | 75 | €6 | €65 | +€59 | +916.9% |
| Financial charges | 65/66B | €190 | €181 | -€9 | -4.7% |
| Recurring financial charges | 65 | €190 | €181 | -€9 | -4.7% |
| Profit (loss) for the period before taxes | 9903 | €47,455 | €12,244 | -€35,212 | -74.2% |
| Income taxes | 67/77 | €10,828 | €2,606 | -€8,222 | -75.9% |
| Profit (loss) for the period | 9904 | €36,627 | €9,638 | -€26,989 | -73.7% |
| Profit (loss) for the period to be appropriated | 9905 | €36,627 | €9,638 | -€26,989 | -73.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.