ISABEL GOMEZ STUDIO: 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.
ISABEL GOMEZ STUDIO
Largest movements
- Tangible fixed assets +€320,166
up €320,166 (+189%), from €169,777 to €489,943
of which Land and buildings: +€329,996
- Receivables within one year +€175,466
up €175,466 (+21.3%), from €822,269 to €997,735
- Stocks and contracts +€78,220
up €78,220 (+7.4%), from €1.1m to €1.1m
- Deferred charges and accrued income -€77,295
down €77,295 (-97.8%), from €79,021 to €1,726
- Cash +€35,438
up €35,438 (+32.5%), from €108,995 to €144,433
mainly Debts after one year (+€395,476) and Trade debts (+€162,568)
- Debts after one year +€395,476
up €395,476 (+49.9%), from €793,033 to €1.2m
of which Financial debts: +€371,465
- Trade debts +€162,568
up €162,568 (+16.5%), from €984,194 to €1.1m
- Short-term financial debts -€52,165
no longer reported in 2025 (was €52,165)
- Staff costs +€66,389
up €66,389 (+20.7%), from €320,884 to €387,272
- Gross operating margin +€51,927
up €51,927 (+10.6%), from €488,031 to €539,958
- Financial charges -€32,767
down €32,767 (-41.5%), from €78,875 to €46,108
- Other operating charges +€27,095
up €27,095 (+99.2%), from €27,303 to €54,398
- Taxes -€11,274
down €11,274 (-67.5%), from €16,703 to €5,429
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 | €2,261,896 | €2,786,122 | +€524,227 | +23.2% |
| Fixed assets | 21/28 | €199,149 | €511,547 | +€312,398 | +157% |
| Intangible fixed assets | 21 | €27,372 | €19,604 | -€7,768 | -28.4% |
| Tangible fixed assets | 22/27 | €169,777 | €489,943 | +€320,166 | +189% |
| Land and buildings | 22 | €141,717 | €471,713 | +€329,996 | +233% |
| Plant, machinery and equipment | 23 | €11,244 | €9,861 | -€1,383 | -12.3% |
| Furniture and vehicles | 24 | €16,815 | €8,369 | -€8,446 | -50.2% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €2,062,747 | €2,274,576 | +€211,829 | +10.3% |
| Stocks and contracts in progress | 3 | €1,052,462 | €1,130,682 | +€78,220 | +7.4% |
| Stocks | 30/36 | €1,052,462 | €1,130,682 | +€78,220 | +7.4% |
| Amounts receivable within one year | 40/41 | €822,269 | €997,735 | +€175,466 | +21.3% |
| Trade receivables | 40 | €822,269 | €997,735 | +€175,466 | +21.3% |
| Cash at bank and in hand | 54/58 | €108,995 | €144,433 | +€35,438 | +32.5% |
| Deferred charges and accrued income | 490/1 | €79,021 | €1,726 | -€77,295 | -97.8% |
| Total equity and liabilities | 10/49 | €2,261,896 | €2,786,122 | +€524,227 | +23.2% |
| Equity | 10/15 | €285,793 | €295,146 | +€9,353 | +3.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €25,000 | €25,000 | = | 0.0% |
| Distributable reserves | 133 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €230,910 | €243,084 | +€12,174 | +5.3% |
| Investment grants | 15 | €11,283 | €8,462 | -€2,821 | -25.0% |
| Amounts payable | 17/49 | €1,976,103 | €2,490,977 | +€514,874 | +26.1% |
| Amounts payable after more than one year | 17 | €793,033 | €1,188,509 | +€395,476 | +49.9% |
| Financial debts | 170/4 | €711,152 | €1,082,617 | +€371,465 | +52.2% |
| Other amounts payable | 178/9 | €81,880 | €105,892 | +€24,012 | +29.3% |
| Amounts payable within one year | 42/48 | €1,183,071 | €1,302,468 | +€119,397 | +10.1% |
| Current portion of amounts payable after more than one year | 42 | €31,886 | €51,045 | +€19,159 | +60.1% |
| Financial debts | 43 | €52,165 | - | -€52,165 | |
| Credit institutions | 430/8 | €52,165 | - | -€52,165 | |
| Trade debts | 44 | €984,194 | €1,146,763 | +€162,568 | +16.5% |
| Suppliers | 440/4 | €984,194 | €1,146,763 | +€162,568 | +16.5% |
| Taxes, remuneration and social security | 45 | €114,825 | €104,660 | -€10,165 | -8.9% |
| Taxes | 450/3 | €68,468 | €52,742 | -€15,725 | -23.0% |
| Remuneration and social security | 454/9 | €46,358 | €51,918 | +€5,560 | +12.0% |
| Remuneration, social security and pensions | 62 | €320,884 | €387,272 | +€66,389 | +20.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,624 | €37,602 | +€9,978 | +36.1% |
| Other operating charges | 640/8 | €27,303 | €54,398 | +€27,095 | +99.2% |
| Gross operating margin | 9900 | €488,031 | €539,958 | +€51,927 | +10.6% |
| Operating profit (loss) | 9901 | €112,221 | €60,686 | -€51,535 | -45.9% |
| Financial income | 75/76B | €2,829 | €3,025 | +€196 | +6.9% |
| Recurring financial income | 75 | €2,829 | €3,025 | +€196 | +6.9% |
| Financial charges | 65/66B | €78,875 | €46,108 | -€32,767 | -41.5% |
| Recurring financial charges | 65 | €78,875 | €46,108 | -€32,767 | -41.5% |
| Profit (loss) for the period before taxes | 9903 | €36,174 | €17,602 | -€18,572 | -51.3% |
| Income taxes | 67/77 | €16,703 | €5,429 | -€11,274 | -67.5% |
| Profit (loss) for the period | 9904 | €19,472 | €12,174 | -€7,298 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,472 | €12,174 | -€7,298 | -37.5% |
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 21 October 2026 via checked.be.