Isabella: 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.
Isabella
Largest movements
- Cash -€335,002
down €335,002 (-89.9%), from €372,488 to €37,486
mainly Other debts (-€337,935) and Trade debts (-€60,913)
- Receivables within one year -€63,846
down €63,846 (-99.5%), from €64,193 to €347
of which Trade receivables: -€63,492
- Other debts -€337,935
down €337,935 (-96.5%), from €350,257 to €12,322
- Trade debts -€60,913
down €60,913 (-77.6%), from €78,487 to €17,573
- Gross operating margin -€319,774
down €319,774 (-100%), from €319,774 to €0
- Financial charges -€11,627
down €11,627 (-100%), from €11,627 to €0
- Financial income -€8,071
down €8,071 (-100%), from €8,071 to €0
- Taxes -€7,782
down €7,782 (-100%), from €7,782 to €0
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 | €436,681 | €37,833 | -€398,848 | -91.3% |
| Current assets | 29/58 | €436,681 | €37,833 | -€398,848 | -91.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €64,193 | €347 | -€63,846 | -99.5% |
| Trade receivables | 40 | €63,492 | €0 | -€63,492 | -100% |
| Other amounts receivable | 41 | €701 | €347 | -€354 | -50.5% |
| Cash at bank and in hand | 54/58 | €372,488 | €37,486 | -€335,002 | -89.9% |
| Total equity and liabilities | 10/49 | €436,681 | €37,833 | -€398,848 | -91.3% |
| Equity | 10/15 | €155 | €155 | = | 0.0% |
| Contributions | 10/11 | €3 | €3 | = | 0.0% |
| Reserves | 13 | €152 | €152 | = | 0.0% |
| Distributable reserves | 133 | €152 | €152 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €436,526 | €37,678 | -€398,848 | -91.4% |
| Amounts payable within one year | 42/48 | €436,526 | €37,678 | -€398,848 | -91.4% |
| Trade debts | 44 | €78,487 | €17,573 | -€60,913 | -77.6% |
| Suppliers | 440/4 | €78,487 | €17,573 | -€60,913 | -77.6% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,782 | €7,782 | = | 0.0% |
| Taxes | 450/3 | €7,782 | €7,782 | = | 0.0% |
| Other amounts payable | 47/48 | €350,257 | €12,322 | -€337,935 | -96.5% |
| Other operating charges | 640/8 | €1,108 | €0 | -€1,108 | -100% |
| Gross operating margin | 9900 | €319,774 | €0 | -€319,774 | -100% |
| Operating profit (loss) | 9901 | €318,666 | €0 | -€318,666 | -100% |
| Financial income | 75/76B | €8,071 | €0 | -€8,071 | -100% |
| Recurring financial income | 75 | €8,071 | €0 | -€8,071 | -100% |
| Financial charges | 65/66B | €11,627 | €0 | -€11,627 | -100% |
| Recurring financial charges | 65 | €11,627 | €0 | -€11,627 | -100% |
| Profit (loss) for the period before taxes | 9903 | €315,110 | €0 | -€315,110 | -100% |
| Income taxes | 67/77 | €7,782 | €0 | -€7,782 | -100% |
| Profit (loss) for the period | 9904 | €307,328 | €0 | -€307,328 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €307,328 | €0 | -€307,328 | -100% |
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 15 October 2026 via checked.be.