ISA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Receivables within one year +€38,163
up €38,163 (+24.8%), from €153,826 to €191,989
of which Other amounts receivable: +€23,203
- Receivables after one year +€8,434
up €8,434 (+5.3%), from €160,440 to €168,874
- Trade debts +€29,762
up €29,762 (+10.6%), from €281,424 to €311,186
- Profit (loss) carried forward +€15,151
up €15,151 (+60.2%), from €25,177 to €40,327
- Gross operating margin -€5,153
down €5,153 (-33.0%), from €15,624 to €10,470
- Financial income +€2,294
up €2,294 (+30.0%), from €7,640 to €9,934
- Financial charges -€970
down €970 (-100.0%), from €970 to €0
- Taxes -€401
down €401 (-9.1%), from €4,381 to €3,980
- Other operating charges +€357
up €357 (+44.3%), from €805 to €1,162
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 | €316,347 | €362,874 | +€46,528 | +14.7% |
| Fixed assets | 21/28 | - | €363 | +€363 | |
| Tangible fixed assets | 22/27 | - | €363 | +€363 | |
| Furniture and vehicles | 24 | - | €363 | +€363 | |
| Current assets | 29/58 | €316,347 | €362,511 | +€46,164 | +14.6% |
| Amounts receivable after more than one year | 29 | €160,440 | €168,874 | +€8,434 | +5.3% |
| Other amounts receivable | 291 | €160,440 | €168,874 | +€8,434 | +5.3% |
| Amounts receivable within one year | 40/41 | €153,826 | €191,989 | +€38,163 | +24.8% |
| Trade receivables | 40 | €16,175 | €31,135 | +€14,960 | +92.5% |
| Other amounts receivable | 41 | €137,651 | €160,854 | +€23,203 | +16.9% |
| Cash at bank and in hand | 54/58 | €2,081 | €1,648 | -€433 | -20.8% |
| Total equity and liabilities | 10/49 | €316,347 | €362,874 | +€46,528 | +14.7% |
| Equity | 10/15 | €28,177 | €43,327 | +€15,151 | +53.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,177 | €40,327 | +€15,151 | +60.2% |
| Amounts payable | 17/49 | €288,170 | €319,547 | +€31,377 | +10.9% |
| Amounts payable within one year | 42/48 | €288,170 | €319,547 | +€31,377 | +10.9% |
| Trade debts | 44 | €281,424 | €311,186 | +€29,762 | +10.6% |
| Suppliers | 440/4 | €281,424 | €311,186 | +€29,762 | +10.6% |
| Taxes, remuneration and social security | 45 | €6,746 | €8,361 | +€1,615 | +23.9% |
| Taxes | 450/3 | €6,746 | €8,361 | +€1,615 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €111 | +€111 | |
| Other operating charges | 640/8 | €805 | €1,162 | +€357 | +44.3% |
| Gross operating margin | 9900 | €15,624 | €10,470 | -€5,153 | -33.0% |
| Operating profit (loss) | 9901 | €14,818 | €9,197 | -€5,621 | -37.9% |
| Financial income | 75/76B | €7,640 | €9,934 | +€2,294 | +30.0% |
| Recurring financial income | 75 | €7,640 | €9,934 | +€2,294 | +30.0% |
| Financial charges | 65/66B | €970 | €0 | -€970 | -100.0% |
| Recurring financial charges | 65 | €970 | €0 | -€970 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €21,488 | €19,131 | -€2,358 | -11.0% |
| Income taxes | 67/77 | €4,381 | €3,980 | -€401 | -9.1% |
| Profit (loss) for the period | 9904 | €17,108 | €15,151 | -€1,957 | -11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €17,108 | €15,151 | -€1,957 | -11.4% |
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 4 October 2026 via checked.be.