ISABO: 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.
ISABO
Largest movements
- Cash -€237,428
down €237,428 (-99.7%), from €238,084 to €656
mainly Receivables within one year (-€208,089) and Other debts (-€62,431)
- Receivables within one year +€208,089
up €208,089 (+169.1%), from €123,070 to €331,159
of which Other amounts receivable: +€207,565
- Tangible fixed assets -€18,321
down €18,321 (-2.6%), from €707,729 to €689,408
of which Land and buildings: -€17,436
- Deferred charges and accrued income +€14,750
new in 2025: €14,750
- Other debts -€62,431
down €62,431 (-83.5%), from €74,756 to €12,325
- Current portion of long-term debt +€27,857
up €27,857 (+312.6%), from €8,912 to €36,769
- Reserves +€17,340
up €17,340 (+26.7%), from €64,918 to €82,257
of which Distributable reserves: +€17,340
- Debts after one year -€14,682
down €14,682 (-3.0%), from €495,488 to €480,806
- Gross operating margin +€88,582
up €88,582, from -€7,493 to €81,089
- Depreciation +€9,438
up €9,438 (+106.2%), from €8,883 to €18,321
- Taxes +€3,031
up €3,031 (+5052183.3%), from €0 to €3,031
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 | €1,068,883 | €1,035,974 | -€32,909 | -3.1% |
| Fixed assets | 21/28 | €707,729 | €689,408 | -€18,321 | -2.6% |
| Tangible fixed assets | 22/27 | €707,729 | €689,408 | -€18,321 | -2.6% |
| Land and buildings | 22 | €706,544 | €689,108 | -€17,436 | -2.5% |
| Furniture and vehicles | 24 | €1,185 | €300 | -€884 | -74.6% |
| Current assets | 29/58 | €361,154 | €346,565 | -€14,589 | -4.0% |
| Amounts receivable within one year | 40/41 | €123,070 | €331,159 | +€208,089 | +169.1% |
| Trade receivables | 40 | €728 | €1,252 | +€524 | +72.0% |
| Other amounts receivable | 41 | €122,342 | €329,907 | +€207,565 | +169.7% |
| Cash at bank and in hand | 54/58 | €238,084 | €656 | -€237,428 | -99.7% |
| Deferred charges and accrued income | 490/1 | - | €14,750 | +€14,750 | |
| Total equity and liabilities | 10/49 | €1,068,883 | €1,035,974 | -€32,909 | -3.1% |
| Equity | 10/15 | €91,665 | €109,005 | +€17,340 | +18.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €64,918 | €82,257 | +€17,340 | +26.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €58,718 | €76,057 | +€17,340 | +29.5% |
| Profit (loss) carried forward | 14 | -€35,253 | -€35,253 | = | 0.0% |
| Amounts payable | 17/49 | €977,218 | €926,969 | -€50,249 | -5.1% |
| Amounts payable after more than one year | 17 | €495,488 | €480,806 | -€14,682 | -3.0% |
| Financial debts | 170/4 | €495,488 | €480,806 | -€14,682 | -3.0% |
| Amounts payable within one year | 42/48 | €481,730 | €446,163 | -€35,567 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €8,912 | €36,769 | +€27,857 | +312.6% |
| Trade debts | 44 | €398,000 | €396,411 | -€1,589 | -0.4% |
| Suppliers | 440/4 | €398,000 | €396,411 | -€1,589 | -0.4% |
| Taxes, remuneration and social security | 45 | €62 | €657 | +€595 | +961.1% |
| Taxes | 450/3 | €62 | €657 | +€595 | +961.1% |
| Other amounts payable | 47/48 | €74,756 | €12,325 | -€62,431 | -83.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,883 | €18,321 | +€9,438 | +106.2% |
| Other operating charges | 640/8 | €10,052 | €10,361 | +€309 | +3.1% |
| Gross operating margin | 9900 | -€7,493 | €81,089 | +€88,582 | |
| Operating profit (loss) | 9901 | -€26,428 | €52,407 | +€78,835 | |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €19,707 | €19,062 | -€644 | -3.3% |
| Recurring financial charges | 65 | €19,707 | €19,062 | -€644 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€46,134 | €33,345 | +€79,479 | |
| Income taxes | 67/77 | €0 | €3,031 | +€3,031 | +5052183.3% |
| Profit (loss) for the period | 9904 | -€46,134 | €30,314 | +€76,448 | |
| Profit (loss) for the period to be appropriated | 9905 | -€46,134 | €30,314 | +€76,448 |
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 9 October 2026 via checked.be.