ISA Immo: 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 Immo
Largest movements
- Tangible fixed assets +€1.4m
up €1.4m (+53.8%), from €2.7m to €4.1m
of which Land and buildings: +€1.3m
- Receivables within one year -€564,641
down €564,641 (-39.2%), from €1.4m to €874,618
of which Other amounts receivable: -€878,648
- Stocks and contracts +€558,049
up €558,049 (+44.5%), from €1.3m to €1.8m
- Other debts +€465,907
up €465,907 (+17.9%), from €2.6m to €3.1m
- Trade debts +€317,345
up €317,345 (+218.3%), from €145,380 to €462,725
- Current portion of long-term debt +€289,522
up €289,522 (+575.4%), from €50,315 to €339,836
- Debts after one year +€153,843
up €153,843 (+4.8%), from €3.2m to €3.3m
- Accrued charges and deferred income +€91,273
up €91,273 (+143.8%), from €63,458 to €154,732
- Financial income +€280,672
up €280,672 (+1156.8%), from €24,264 to €304,936
- Gross operating margin -€82,508
down €82,508, from €31,220 to -€51,289
- Other operating charges -€44,532
down €44,532 (-86.8%), from €51,312 to €6,780
- Financial charges +€26,237
up €26,237 (+16.0%), from €163,748 to €189,985
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 | €5,434,622 | €6,826,654 | +€1.4m | +25.6% |
| Fixed assets | 21/28 | €2,688,647 | €4,135,192 | +€1.4m | +53.8% |
| Tangible fixed assets | 22/27 | €2,687,647 | €4,134,192 | +€1.4m | +53.8% |
| Land and buildings | 22 | €2,682,543 | €3,988,728 | +€1.3m | +48.7% |
| Furniture and vehicles | 24 | €5,104 | €145,464 | +€140,360 | +2750.0% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €2,745,974 | €2,691,462 | -€54,512 | -2.0% |
| Stocks and contracts in progress | 3 | €1,254,039 | €1,812,087 | +€558,049 | +44.5% |
| Stocks | 30/36 | €1,254,039 | €1,812,087 | +€558,049 | +44.5% |
| Amounts receivable within one year | 40/41 | €1,439,259 | €874,618 | -€564,641 | -39.2% |
| Trade receivables | 40 | €127,863 | €441,871 | +€314,007 | +245.6% |
| Other amounts receivable | 41 | €1,311,396 | €432,747 | -€878,648 | -67.0% |
| Cash at bank and in hand | 54/58 | €51,821 | €2,749 | -€49,072 | -94.7% |
| Deferred charges and accrued income | 490/1 | €856 | €2,008 | +€1,152 | +134.5% |
| Total equity and liabilities | 10/49 | €5,434,622 | €6,826,654 | +€1.4m | +25.6% |
| Equity | 10/15 | -€636,850 | -€587,364 | +€49,486 | +7.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€649,250 | -€599,764 | +€49,486 | +7.6% |
| Amounts payable | 17/49 | €6,071,472 | €7,414,018 | +€1.3m | +22.1% |
| Amounts payable after more than one year | 17 | €3,195,281 | €3,349,124 | +€153,843 | +4.8% |
| Financial debts | 170/4 | €3,195,281 | €3,349,124 | +€153,843 | +4.8% |
| Amounts payable within one year | 42/48 | €2,812,733 | €3,910,162 | +€1.1m | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €50,315 | €339,836 | +€289,522 | +575.4% |
| Trade debts | 44 | €145,380 | €462,725 | +€317,345 | +218.3% |
| Suppliers | 440/4 | €145,380 | €462,725 | +€317,345 | +218.3% |
| Taxes, remuneration and social security | 45 | €15,622 | €40,278 | +€24,656 | +157.8% |
| Taxes | 450/3 | €15,622 | €40,278 | +€24,656 | +157.8% |
| Other amounts payable | 47/48 | €2,601,417 | €3,067,323 | +€465,907 | +17.9% |
| Accrued charges and deferred income | 492/3 | €63,458 | €154,732 | +€91,273 | +143.8% |
| Non-recurring operating income | 76A | €68,018 | €0 | -€68,018 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,998 | €7,396 | +€399 | +5.7% |
| Other operating charges | 640/8 | €51,312 | €6,780 | -€44,532 | -86.8% |
| Gross operating margin | 9900 | €31,220 | -€51,289 | -€82,508 | |
| Operating profit (loss) | 9901 | -€27,090 | -€65,465 | -€38,375 | -141.7% |
| Financial income | 75/76B | €24,264 | €304,936 | +€280,672 | +1156.8% |
| Recurring financial income | 75 | €24,264 | €304,936 | +€280,672 | +1156.8% |
| Financial charges | 65/66B | €163,748 | €189,985 | +€26,237 | +16.0% |
| Recurring financial charges | 65 | €163,748 | €189,985 | +€26,237 | +16.0% |
| Profit (loss) for the period before taxes | 9903 | -€166,574 | €49,486 | +€216,060 | |
| Profit (loss) for the period | 9904 | -€166,574 | €49,486 | +€216,060 | |
| Profit (loss) for the period to be appropriated | 9905 | -€166,574 | €49,486 | +€216,060 |
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 3 October 2026 via checked.be.