IsabelleM: 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.
IsabelleM
Largest movements
- Receivables within one year -€78,833
down €78,833 (-82.6%), from €95,389 to €16,556
of which Trade receivables: -€94,037
- Tangible fixed assets -€4,932
down €4,932 (-49.1%), from €10,034 to €5,102
of which Furniture and vehicles: -€3,571
- Trade debts -€67,690
down €67,690 (-85.3%), from €79,377 to €11,687
- Tax, wage and social debts -€9,070
down €9,070 (-52.0%), from €17,432 to €8,362
- Debts after one year -€6,180
down €6,180 (-66.3%), from €9,317 to €3,137
- Current portion of long-term debt -€5,814
down €5,814 (-48.5%), from €11,994 to €6,180
- Profit (loss) carried forward +€4,931
up €4,931 (+24.9%), from -€19,799 to -€14,868
- Gross operating margin +€17,873
up €17,873 (+1864.1%), from €959 to €18,832
- Depreciation -€6,791
down €6,791 (-57.9%), from €11,723 to €4,932
- Taxes +€3,383
up €3,383 (+687.1%), from €492 to €3,875
- Other operating charges +€1,210
up €1,210 (+41.1%), from €2,943 to €4,153
- Financial charges -€371
down €371 (-27.9%), from €1,328 to €957
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.
Cash bridge derived
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 | €116,429 | €33,279 | -€83,149 | -71.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €10,034 | €5,102 | -€4,932 | -49.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €10,034 | €5,102 | -€4,932 | -49.1% |
| Furniture and vehicles | 24 | €6,264 | €2,693 | -€3,571 | -57.0% |
| Other tangible fixed assets | 26 | €3,770 | €2,409 | -€1,361 | -36.1% |
| Current assets | 29/58 | €106,395 | €28,177 | -€78,218 | -73.5% |
| Stocks and contracts in progress | 3 | €10,969 | €11,621 | +€652 | +5.9% |
| Stocks | 30/36 | €10,969 | €11,621 | +€652 | +5.9% |
| Amounts receivable within one year | 40/41 | €95,389 | €16,556 | -€78,833 | -82.6% |
| Trade receivables | 40 | €94,227 | €190 | -€94,037 | -99.8% |
| Other amounts receivable | 41 | €1,162 | €16,366 | +€15,204 | +1308.0% |
| Cash at bank and in hand | 54/58 | €37 | €0 | -€37 | -100.0% |
| Total equity and liabilities | 10/49 | €116,429 | €33,279 | -€83,149 | -71.4% |
| Equity | 10/15 | -€9,799 | -€4,868 | +€4,931 | +50.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,799 | -€14,868 | +€4,931 | +24.9% |
| Amounts payable | 17/49 | €126,227 | €38,148 | -€88,080 | -69.8% |
| Amounts payable after more than one year | 17 | €9,317 | €3,137 | -€6,180 | -66.3% |
| Financial debts | 170/4 | €9,317 | €3,137 | -€6,180 | -66.3% |
| Amounts payable within one year | 42/48 | €114,880 | €35,011 | -€79,869 | -69.5% |
| Current portion of amounts payable after more than one year | 42 | €11,994 | €6,180 | -€5,814 | -48.5% |
| Financial debts | 43 | €0 | €3,875 | +€3,875 | |
| Credit institutions | 430/8 | €0 | €3,875 | +€3,875 | |
| Trade debts | 44 | €79,377 | €11,687 | -€67,690 | -85.3% |
| Suppliers | 440/4 | €79,377 | €11,687 | -€67,690 | -85.3% |
| Advances received on contracts in progress | 46 | €4,907 | €4,907 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,432 | €8,362 | -€9,070 | -52.0% |
| Taxes | 450/3 | €17,432 | €8,362 | -€9,070 | -52.0% |
| Other amounts payable | 47/48 | €1,170 | €0 | -€1,170 | -100.0% |
| Accrued charges and deferred income | 492/3 | €2,031 | €0 | -€2,031 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,723 | €4,932 | -€6,791 | -57.9% |
| Other operating charges | 640/8 | €2,943 | €4,153 | +€1,210 | +41.1% |
| Gross operating margin | 9900 | €959 | €18,832 | +€17,873 | +1864.1% |
| Operating profit (loss) | 9901 | -€13,707 | €9,748 | +€23,454 | |
| Financial income | 75/76B | €0 | €16 | +€16 | +155100.0% |
| Recurring financial income | 75 | €0 | €16 | +€16 | +155100.0% |
| Financial charges | 65/66B | €1,328 | €957 | -€371 | -27.9% |
| Recurring financial charges | 65 | €1,328 | €957 | -€371 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | -€15,035 | €8,806 | +€23,841 | |
| Income taxes | 67/77 | €492 | €3,875 | +€3,383 | +687.1% |
| Profit (loss) for the period | 9904 | -€15,527 | €4,931 | +€20,458 | |
| Profit (loss) for the period to be appropriated | 9905 | -€15,527 | €4,931 | +€20,458 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.