ISAAC: 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.
ISAAC
Largest movements
- Tangible fixed assets -€24,546
down €24,546 (-3.5%), from €702,667 to €678,121
of which Land and buildings: -€27,810
- Cash +€24,025
up €24,025 (+13346983.3%), from €0 to €24,025
mainly Net result for the year (+€37,318) and Depreciation (+€32,543)
- Receivables within one year +€8,182
up €8,182 (+50.0%), from €16,374 to €24,556
of which Trade receivables: +€9,069
- Debts after one year -€52,279
down €52,279 (-18.6%), from €281,269 to €228,990
- Reserves +€37,318
up €37,318 (+142.5%), from €26,197 to €63,516
of which Distributable reserves: +€37,318
- Tax, wage and social debts +€18,295
up €18,295 (+727.9%), from €2,514 to €20,809
- Taxes +€8,175
up €8,175 (+335.9%), from €2,434 to €10,609
- Financial charges -€4,762
down €4,762 (-22.5%), from €21,201 to €16,439
- Gross operating margin -€3,334
down €3,334 (-3.1%), from €106,599 to €103,265
- Other operating charges +€2,324
up €2,324 (+57.6%), from €4,032 to €6,356
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €720,060 | €728,255 | +€8,195 | +1.1% |
| Fixed assets | 21/28 | €702,667 | €678,121 | -€24,546 | -3.5% |
| Tangible fixed assets | 22/27 | €702,667 | €678,121 | -€24,546 | -3.5% |
| Land and buildings | 22 | €687,345 | €659,535 | -€27,810 | -4.0% |
| Furniture and vehicles | 24 | €15,322 | €18,585 | +€3,263 | +21.3% |
| Current assets | 29/58 | €17,393 | €50,135 | +€32,742 | +188.2% |
| Amounts receivable within one year | 40/41 | €16,374 | €24,556 | +€8,182 | +50.0% |
| Trade receivables | 40 | €15,397 | €24,466 | +€9,069 | +58.9% |
| Other amounts receivable | 41 | €977 | €90 | -€887 | -90.8% |
| Cash at bank and in hand | 54/58 | €0 | €24,025 | +€24,025 | +13346983.3% |
| Deferred charges and accrued income | 490/1 | €1,019 | €1,554 | +€535 | +52.5% |
| Total equity and liabilities | 10/49 | €720,060 | €728,255 | +€8,195 | +1.1% |
| Equity | 10/15 | €44,797 | €82,116 | +€37,318 | +83.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €26,197 | €63,516 | +€37,318 | +142.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €24,337 | €61,656 | +€37,318 | +153.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €675,262 | €646,139 | -€29,123 | -4.3% |
| Amounts payable after more than one year | 17 | €281,269 | €228,990 | -€52,279 | -18.6% |
| Financial debts | 170/4 | €281,269 | €228,990 | -€52,279 | -18.6% |
| Amounts payable within one year | 42/48 | €393,994 | €417,150 | +€23,156 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €50,490 | €52,279 | +€1,789 | +3.5% |
| Financial debts | 43 | €3,928 | €0 | -€3,928 | -100.0% |
| Credit institutions | 430/8 | €3,928 | €0 | -€3,928 | -100.0% |
| Trade debts | 44 | €4,131 | €11,355 | +€7,225 | +174.9% |
| Suppliers | 440/4 | €4,131 | €11,355 | +€7,225 | +174.9% |
| Taxes, remuneration and social security | 45 | €2,514 | €20,809 | +€18,295 | +727.9% |
| Taxes | 450/3 | €2,514 | €20,809 | +€18,295 | +727.9% |
| Other amounts payable | 47/48 | €332,932 | €332,707 | -€225 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,487 | €32,543 | +€56 | +0.2% |
| Other operating charges | 640/8 | €4,032 | €6,356 | +€2,324 | +57.6% |
| Gross operating margin | 9900 | €106,599 | €103,265 | -€3,334 | -3.1% |
| Operating profit (loss) | 9901 | €70,081 | €64,366 | -€5,714 | -8.2% |
| Financial income | 75/76B | €367 | €0 | -€367 | -100.0% |
| Recurring financial income | 75 | €367 | €0 | -€367 | -100.0% |
| Financial charges | 65/66B | €21,201 | €16,439 | -€4,762 | -22.5% |
| Recurring financial charges | 65 | €21,201 | €16,439 | -€4,762 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €49,247 | €47,927 | -€1,320 | -2.7% |
| Income taxes | 67/77 | €2,434 | €10,609 | +€8,175 | +335.9% |
| Profit (loss) for the period | 9904 | €46,813 | €37,318 | -€9,495 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €46,813 | €37,318 | -€9,495 | -20.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.