ISABEAU: 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.
ISABEAU
Largest movements
- Cash +€23,440
up €23,440 (+142%), from €16,515 to €39,954
mainly Net result for the year (+€24,116) and Other debts (+€15,747)
- Stocks and contracts -€15,682
down €15,682 (-79.8%), from €19,650 to €3,967
- Receivables within one year +€14,466
up €14,466 (+225%), from €6,424 to €20,890
of which Trade receivables: +€10,319
- Deferred charges and accrued income -€2,851
no longer reported in 2025 (was €2,851)
- Tangible fixed assets +€899
up €899 (+32.9%), from €2,732 to €3,631
of which Furniture and vehicles: +€1,187
- Other debts +€15,747
up €15,747 (+82.6%), from €19,056 to €34,803
- Reserves +€6,416
up €6,416 (+6,416%), from €100 to €6,516
- Tax, wage and social debts -€3,283
down €3,283 (-36.7%), from €8,936 to €5,653
- Profit (loss) carried forward +€2,699
no longer reported in 2025 (was -€2,699)
- Trade debts -€1,309
down €1,309 (-39.9%), from €3,279 to €1,970
- Gross operating margin +€30,563
up €30,563, from -€3,924 to €26,638
- Depreciation +€408
up €408 (+275%), from €149 to €557
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.
Derived cash bridge
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 | €49,872 | €70,143 | +€20,271 | +40.6% |
| Fixed assets | 21/28 | €4,432 | €5,331 | +€899 | +20.3% |
| Tangible fixed assets | 22/27 | €2,732 | €3,631 | +€899 | +32.9% |
| Plant, machinery and equipment | 23 | €2,732 | €2,444 | -€288 | -10.5% |
| Furniture and vehicles | 24 | - | €1,187 | +€1,187 | |
| Financial fixed assets | 28 | €1,700 | €1,700 | = | 0.0% |
| Current assets | 29/58 | €45,440 | €64,812 | +€19,372 | +42.6% |
| Stocks and contracts in progress | 3 | €19,650 | €3,967 | -€15,682 | -79.8% |
| Stocks | 30/36 | €19,650 | €3,967 | -€15,682 | -79.8% |
| Amounts receivable within one year | 40/41 | €6,424 | €20,890 | +€14,466 | +225% |
| Trade receivables | 40 | €5,814 | €16,133 | +€10,319 | +177% |
| Other amounts receivable | 41 | €610 | €4,757 | +€4,147 | +680% |
| Cash at bank and in hand | 54/58 | €16,515 | €39,954 | +€23,440 | +142% |
| Deferred charges and accrued income | 490/1 | €2,851 | - | -€2,851 | |
| Total equity and liabilities | 10/49 | €49,872 | €70,143 | +€20,271 | +40.6% |
| Equity | 10/15 | €3,601 | €12,716 | +€9,116 | +253% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €100 | €6,516 | +€6,416 | +6,416% |
| Distributable reserves | 133 | €100 | €6,516 | +€6,416 | +6,416% |
| Profit (loss) carried forward | 14 | -€2,699 | - | +€2,699 | |
| Amounts payable | 17/49 | €46,271 | €57,427 | +€11,155 | +24.1% |
| Amounts payable after more than one year | 17 | €15,000 | €15,000 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €31,271 | €42,427 | +€11,155 | +35.7% |
| Trade debts | 44 | €3,279 | €1,970 | -€1,309 | -39.9% |
| Suppliers | 440/4 | €3,279 | €1,970 | -€1,309 | -39.9% |
| Taxes, remuneration and social security | 45 | €8,936 | €5,653 | -€3,283 | -36.7% |
| Taxes | 450/3 | €8,936 | €5,653 | -€3,283 | -36.7% |
| Other amounts payable | 47/48 | €19,056 | €34,803 | +€15,747 | +82.6% |
| Non-recurring operating income | 76A | €1,226 | - | -€1,226 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149 | €557 | +€408 | +275% |
| Other operating charges | 640/8 | €803 | €774 | -€29 | -3.6% |
| Non-recurring operating charges | 66A | €1,703 | - | -€1,703 | |
| Gross operating margin | 9900 | -€3,924 | €26,638 | +€30,563 | |
| Operating profit (loss) | 9901 | -€6,579 | €25,308 | +€31,886 | |
| Financial income | 75/76B | €130 | - | -€130 | |
| Recurring financial income | 75 | €130 | - | -€130 | |
| Financial charges | 65/66B | €375 | €550 | +€175 | +46.8% |
| Recurring financial charges | 65 | €375 | €550 | +€175 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,824 | €24,757 | +€31,581 | |
| Income taxes | 67/77 | €686 | €642 | -€44 | -6.4% |
| Profit (loss) for the period | 9904 | -€7,509 | €24,116 | +€31,625 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,509 | €24,116 | +€31,625 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.