ISACOR: 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.
ISACOR
Largest movements
- Cash -€2,559
down €2,559 (-29.3%), from €8,732 to €6,173
mainly Debts after one year (-€14,447) and Other debts (-€11,169)
- Receivables within one year -€2,213
down €2,213 (-12.8%), from €17,316 to €15,103
of which Trade receivables: -€2,112
- Profit (loss) carried forward +€28,174
up €28,174 (+22.0%), from €128,199 to €156,373
- Debts after one year -€14,447
down €14,447 (-100%), from €14,447 to €0
- Other debts -€11,169
down €11,169 (-59.5%), from €18,758 to €7,590
- Current portion of long-term debt -€7,264
down €7,264 (-31.3%), from €23,210 to €15,947
- Trade debts +€5,174
up €5,174 (+137%), from €3,790 to €8,964
- Gross operating margin -€11,570
down €11,570 (-91.8%), from €12,608 to €1,038
- Financial income +€1,900
up €1,900 (+6.6%), from €28,580 to €30,480
- Financial charges +€1,005
up €1,005 (+75.5%), from €1,331 to €2,335
- Depreciation +€212
new in 2025: €212
- Other operating charges +€190
up €190 (+40.8%), from €464 to €654
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 | €201,536 | €197,361 | -€4,175 | -2.1% |
| Fixed assets | 21/28 | €175,056 | €176,071 | +€1,015 | +0.6% |
| Tangible fixed assets | 22/27 | - | €1,015 | +€1,015 | |
| Furniture and vehicles | 24 | - | €1,015 | +€1,015 | |
| Financial fixed assets | 28 | €175,056 | €175,056 | = | 0.0% |
| Current assets | 29/58 | €26,479 | €21,290 | -€5,190 | -19.6% |
| Amounts receivable within one year | 40/41 | €17,316 | €15,103 | -€2,213 | -12.8% |
| Trade receivables | 40 | €17,214 | €15,103 | -€2,112 | -12.3% |
| Other amounts receivable | 41 | €102 | €0 | -€102 | -100% |
| Cash at bank and in hand | 54/58 | €8,732 | €6,173 | -€2,559 | -29.3% |
| Deferred charges and accrued income | 490/1 | €432 | €14 | -€418 | -96.8% |
| Total equity and liabilities | 10/49 | €201,536 | €197,361 | -€4,175 | -2.1% |
| Equity | 10/15 | €136,259 | €164,433 | +€28,174 | +20.7% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €128,199 | €156,373 | +€28,174 | +22.0% |
| Amounts payable | 17/49 | €65,277 | €32,928 | -€32,349 | -49.6% |
| Amounts payable after more than one year | 17 | €14,447 | €0 | -€14,447 | -100% |
| Financial debts | 170/4 | €14,447 | €0 | -€14,447 | -100% |
| Amounts payable within one year | 42/48 | €50,830 | €32,803 | -€18,027 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €23,210 | €15,947 | -€7,264 | -31.3% |
| Trade debts | 44 | €3,790 | €8,964 | +€5,174 | +137% |
| Suppliers | 440/4 | €3,790 | €8,964 | +€5,174 | +137% |
| Advances received on contracts in progress | 46 | €4,750 | €0 | -€4,750 | -100% |
| Taxes, remuneration and social security | 45 | €321 | €302 | -€19 | -5.9% |
| Taxes | 450/3 | €321 | €302 | -€19 | -5.9% |
| Other amounts payable | 47/48 | €18,758 | €7,590 | -€11,169 | -59.5% |
| Accrued charges and deferred income | 492/3 | - | €125 | +€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €212 | +€212 | |
| Other operating charges | 640/8 | €464 | €654 | +€190 | +40.8% |
| Gross operating margin | 9900 | €12,608 | €1,038 | -€11,570 | -91.8% |
| Operating profit (loss) | 9901 | €12,144 | €172 | -€11,971 | -98.6% |
| Financial income | 75/76B | €28,580 | €30,480 | +€1,900 | +6.6% |
| Recurring financial income | 75 | €28,580 | €30,480 | +€1,900 | +6.6% |
| Financial charges | 65/66B | €1,331 | €2,335 | +€1,005 | +75.5% |
| Recurring financial charges | 65 | €1,331 | €2,335 | +€1,005 | +75.5% |
| Profit (loss) for the period before taxes | 9903 | €39,393 | €28,317 | -€11,076 | -28.1% |
| Income taxes | 67/77 | €165 | €143 | -€22 | -13.4% |
| Profit (loss) for the period | 9904 | €39,228 | €28,174 | -€11,054 | -28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €39,228 | €28,174 | -€11,054 | -28.2% |
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 19 October 2026 via checked.be.