Isa & Roza: 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 & Roza
Largest movements
- Tangible fixed assets -€25,829
down €25,829 (-14.8%), from €175,010 to €149,181
of which Furniture and vehicles: -€13,998
- Cash +€25,249
up €25,249 (+199%), from €12,701 to €37,950
mainly Depreciation (+€26,673) and Net result for the year (+€8,813)
- Stocks and contracts +€2,818
up €2,818 (+19.3%), from €14,618 to €17,436
- Debts after one year -€16,481
down €16,481 (-11.4%), from €144,768 to €128,288
- Reserves +€8,646
new in 2026: €8,646
- Tax, wage and social debts +€5,731
up €5,731 (+572%), from €1,002 to €6,732
of which Taxes: +€6,732
- Other debts +€5,672
up €5,672 (+13.0%), from €43,796 to €49,468
- Trade debts -€2,582
down €2,582 (-36.0%), from €7,178 to €4,596
- Gross operating margin +€12,620
up €12,620 (+33.7%), from €37,400 to €50,020
- Taxes +€3,094
up €3,094 (+283%), from €1,091 to €4,185
- Write-downs +€2,386
new in 2026: €2,386
- Depreciation -€1,904
down €1,904 (-6.7%), from €28,577 to €26,673
- Financial charges +€1,112
up €1,112 (+20.4%), from €5,451 to €6,563
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,949 | €219,211 | +€2,262 | +1.0% |
| Fixed assets | 21/28 | €175,239 | €149,181 | -€26,058 | -14.9% |
| Intangible fixed assets | 21 | €229 | - | -€229 | |
| Tangible fixed assets | 22/27 | €175,010 | €149,181 | -€25,829 | -14.8% |
| Land and buildings | 22 | €86,639 | €80,526 | -€6,113 | -7.1% |
| Plant, machinery and equipment | 23 | €5,688 | €5,511 | -€176 | -3.1% |
| Furniture and vehicles | 24 | €53,846 | €39,848 | -€13,998 | -26.0% |
| Other tangible fixed assets | 26 | €28,836 | €23,296 | -€5,541 | -19.2% |
| Current assets | 29/58 | €41,710 | €70,030 | +€28,320 | +67.9% |
| Stocks and contracts in progress | 3 | €14,618 | €17,436 | +€2,818 | +19.3% |
| Stocks | 30/36 | €14,618 | €17,436 | +€2,818 | +19.3% |
| Amounts receivable within one year | 40/41 | €12,527 | €14,644 | +€2,117 | +16.9% |
| Trade receivables | 40 | €10,100 | €13,725 | +€3,625 | +35.9% |
| Other amounts receivable | 41 | €2,427 | €919 | -€1,508 | -62.1% |
| Cash at bank and in hand | 54/58 | €12,701 | €37,950 | +€25,249 | +199% |
| Deferred charges and accrued income | 490/1 | €1,865 | - | -€1,865 | |
| Total equity and liabilities | 10/49 | €216,949 | €219,211 | +€2,262 | +1.0% |
| Equity | 10/15 | €4,834 | €13,646 | +€8,813 | +182% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €8,646 | +€8,646 | |
| Distributable reserves | 133 | - | €8,646 | +€8,646 | |
| Profit (loss) carried forward | 14 | -€166 | - | +€166 | |
| Amounts payable | 17/49 | €212,115 | €205,565 | -€6,551 | -3.1% |
| Amounts payable after more than one year | 17 | €144,768 | €128,288 | -€16,481 | -11.4% |
| Financial debts | 170/4 | €144,768 | €128,288 | -€16,481 | -11.4% |
| Amounts payable within one year | 42/48 | €67,347 | €77,277 | +€9,930 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €15,371 | €16,481 | +€1,110 | +7.2% |
| Trade debts | 44 | €7,178 | €4,596 | -€2,582 | -36.0% |
| Suppliers | 440/4 | €7,178 | €4,596 | -€2,582 | -36.0% |
| Taxes, remuneration and social security | 45 | €1,002 | €6,732 | +€5,731 | +572% |
| Taxes | 450/3 | - | €6,732 | +€6,732 | |
| Remuneration and social security | 454/9 | €1,002 | - | -€1,002 | |
| Other amounts payable | 47/48 | €43,796 | €49,468 | +€5,672 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,577 | €26,673 | -€1,904 | -6.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,386 | +€2,386 | |
| Other operating charges | 640/8 | €825 | €1,598 | +€773 | +93.7% |
| Gross operating margin | 9900 | €37,400 | €50,020 | +€12,620 | +33.7% |
| Operating profit (loss) | 9901 | €7,998 | €19,363 | +€11,365 | +142% |
| Financial income | 75/76B | €461 | €199 | -€263 | -57.0% |
| Recurring financial income | 75 | €461 | €199 | -€263 | -57.0% |
| Financial charges | 65/66B | €5,451 | €6,563 | +€1,112 | +20.4% |
| Recurring financial charges | 65 | €5,451 | €6,563 | +€1,112 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €3,008 | €12,998 | +€9,990 | +332% |
| Income taxes | 67/77 | €1,091 | €4,185 | +€3,094 | +283% |
| Profit (loss) for the period | 9904 | €1,916 | €8,813 | +€6,896 | +360% |
| Profit (loss) for the period to be appropriated | 9905 | €1,916 | €8,813 | +€6,896 | +360% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.