ISABELLE HAECK: 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.
ISABELLE HAECK
Largest movements
- Receivables within one year +€6,969
up €6,969 (+80.4%), from €8,669 to €15,638
- Current investments +€6,000
up €6,000 (+74.9%), from €8,014 to €14,014
- Tangible fixed assets +€3,057
up €3,057 (+289%), from €1,057 to €4,114
- Cash +€1,910
up €1,910 (+7.6%), from €25,287 to €27,197
mainly Net result for the year (+€16,363) and Accrued charges and deferred income (+€3,750)
- Reserves +€16,363
up €16,363 (+51.8%), from €31,619 to €47,983
- Accrued charges and deferred income +€3,750
up €3,750 (+227%), from €1,650 to €5,400
- Tax, wage and social debts -€1,969
down €1,969 (-26.4%), from €7,457 to €5,488
of which Remuneration and social security: -€2,000
- Gross operating margin -€3,898
down €3,898 (-14.0%), from €27,843 to €23,945
- Depreciation +€572
up €572 (+283%), from €202 to €774
- Taxes -€520
down €520 (-7.5%), from €6,918 to €6,398
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 | €43,455 | €61,644 | +€18,189 | +41.9% |
| Fixed assets | 21/28 | €1,057 | €4,114 | +€3,057 | +289% |
| Tangible fixed assets | 22/27 | €1,057 | €4,114 | +€3,057 | +289% |
| Furniture and vehicles | 24 | €1,057 | €4,114 | +€3,057 | +289% |
| Current assets | 29/58 | €42,398 | €57,531 | +€15,132 | +35.7% |
| Amounts receivable within one year | 40/41 | €8,669 | €15,638 | +€6,969 | +80.4% |
| Trade receivables | 40 | €8,669 | €15,638 | +€6,969 | +80.4% |
| Current investments | 50/53 | €8,014 | €14,014 | +€6,000 | +74.9% |
| Cash at bank and in hand | 54/58 | €25,287 | €27,197 | +€1,910 | +7.6% |
| Deferred charges and accrued income | 490/1 | €429 | €683 | +€254 | +59.3% |
| Total equity and liabilities | 10/49 | €43,455 | €61,644 | +€18,189 | +41.9% |
| Equity | 10/15 | €34,119 | €50,483 | +€16,363 | +48.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €31,619 | €47,983 | +€16,363 | +51.8% |
| Distributable reserves | 133 | €31,619 | €47,983 | +€16,363 | +51.8% |
| Amounts payable | 17/49 | €9,336 | €11,162 | +€1,826 | +19.6% |
| Amounts payable within one year | 42/48 | €7,686 | €5,762 | -€1,924 | -25.0% |
| Trade debts | 44 | €230 | €274 | +€45 | +19.5% |
| Suppliers | 440/4 | €230 | €274 | +€45 | +19.5% |
| Taxes, remuneration and social security | 45 | €7,457 | €5,488 | -€1,969 | -26.4% |
| Taxes | 450/3 | €5,457 | €5,488 | +€31 | +0.6% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Accrued charges and deferred income | 492/3 | €1,650 | €5,400 | +€3,750 | +227% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €774 | +€572 | +283% |
| Other operating charges | 640/8 | €419 | €441 | +€22 | +5.2% |
| Gross operating margin | 9900 | €27,843 | €23,945 | -€3,898 | -14.0% |
| Operating profit (loss) | 9901 | €27,222 | €22,730 | -€4,492 | -16.5% |
| Financial income | 75/76B | €26 | €31 | +€5 | +20.9% |
| Recurring financial income | 75 | €26 | €31 | +€5 | +20.9% |
| Financial charges | 65/66B | €0 | - | -€0 | |
| Recurring financial charges | 65 | €0 | - | -€0 | |
| Profit (loss) for the period before taxes | 9903 | €27,247 | €22,761 | -€4,486 | -16.5% |
| Income taxes | 67/77 | €6,918 | €6,398 | -€520 | -7.5% |
| Profit (loss) for the period | 9904 | €20,329 | €16,363 | -€3,966 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,329 | €16,363 | -€3,966 | -19.5% |
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 1 November 2026 via checked.be.