ISABELGIUM: 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.
ISABELGIUM
Largest movements
- Receivables within one year -€19,200
down €19,200 (-91.6%), from €20,971 to €1,772
of which Other amounts receivable: -€16,537
- Tangible fixed assets +€2,039
up €2,039 (+26.4%), from €7,717 to €9,756
of which Furniture and vehicles: +€4,221
- Cash -€1,075
down €1,075 (-4.5%), from €24,141 to €23,067
mainly Other debts (-€19,447) and Investment in fixed assets (net) (-€6,450)
- Other debts -€19,447
down €19,447 (-78.1%), from €24,889 to €5,442
- Reserves +€7,185
up €7,185 (+66.7%), from €10,774 to €17,959
- Tax, wage and social debts -€3,177
down €3,177 (-27.7%), from €11,471 to €8,294
- Trade debts -€2,797
down €2,797 (-41.3%), from €6,766 to €3,970
- Gross operating margin -€2,306
down €2,306 (-11.7%), from €19,688 to €17,383
- Depreciation +€1,631
up €1,631 (+58.6%), from €2,781 to €4,411
- Other operating charges +€728
up €728 (+210.7%), from €345 to €1,073
- Financial income +€694
up €694 (+152.5%), from €455 to €1,149
- Financial charges -€320
down €320 (-15.6%), from €2,055 to €1,735
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 | €56,400 | €38,164 | -€18,235 | -32.3% |
| Fixed assets | 21/28 | €11,287 | €13,326 | +€2,039 | +18.1% |
| Tangible fixed assets | 22/27 | €7,717 | €9,756 | +€2,039 | +26.4% |
| Plant, machinery and equipment | 23 | €4,003 | €1,820 | -€2,183 | -54.5% |
| Furniture and vehicles | 24 | €3,714 | €7,935 | +€4,221 | +113.7% |
| Financial fixed assets | 28 | €3,570 | €3,570 | = | 0.0% |
| Current assets | 29/58 | €45,113 | €24,838 | -€20,274 | -44.9% |
| Amounts receivable within one year | 40/41 | €20,971 | €1,772 | -€19,200 | -91.6% |
| Trade receivables | 40 | €4,029 | €1,366 | -€2,663 | -66.1% |
| Other amounts receivable | 41 | €16,942 | €406 | -€16,537 | -97.6% |
| Cash at bank and in hand | 54/58 | €24,141 | €23,067 | -€1,075 | -4.5% |
| Total equity and liabilities | 10/49 | €56,400 | €38,164 | -€18,235 | -32.3% |
| Equity | 10/15 | €13,274 | €20,459 | +€7,185 | +54.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €10,774 | €17,959 | +€7,185 | +66.7% |
| Distributable reserves | 133 | €10,774 | €17,959 | +€7,185 | +66.7% |
| Amounts payable | 17/49 | €43,126 | €17,705 | -€25,421 | -58.9% |
| Amounts payable within one year | 42/48 | €43,126 | €17,705 | -€25,421 | -58.9% |
| Trade debts | 44 | €6,766 | €3,970 | -€2,797 | -41.3% |
| Suppliers | 440/4 | €6,766 | €3,970 | -€2,797 | -41.3% |
| Taxes, remuneration and social security | 45 | €11,471 | €8,294 | -€3,177 | -27.7% |
| Taxes | 450/3 | €11,471 | €8,294 | -€3,177 | -27.7% |
| Other amounts payable | 47/48 | €24,889 | €5,442 | -€19,447 | -78.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,781 | €4,411 | +€1,631 | +58.6% |
| Other operating charges | 640/8 | €345 | €1,073 | +€728 | +210.7% |
| Gross operating margin | 9900 | €19,688 | €17,383 | -€2,306 | -11.7% |
| Operating profit (loss) | 9901 | €16,562 | €11,899 | -€4,664 | -28.2% |
| Financial income | 75/76B | €455 | €1,149 | +€694 | +152.5% |
| Recurring financial income | 75 | €455 | €1,149 | +€694 | +152.5% |
| Financial charges | 65/66B | €2,055 | €1,735 | -€320 | -15.6% |
| Recurring financial charges | 65 | €2,055 | €1,735 | -€320 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €14,963 | €11,313 | -€3,650 | -24.4% |
| Income taxes | 67/77 | €4,189 | €4,128 | -€62 | -1.5% |
| Profit (loss) for the period | 9904 | €10,774 | €7,185 | -€3,588 | -33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,774 | €7,185 | -€3,588 | -33.3% |
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 5 October 2026 via checked.be.