ISADA: 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.
ISADA
Largest movements
- Receivables within one year +€19,326
up €19,326 (+102%), from €19,003 to €38,329
- Cash -€5,134
down €5,134 (-19.9%), from €25,830 to €20,696
mainly Net result for the year (-€53,737) and Receivables within one year (-€19,326)
- Tangible fixed assets -€2,009
down €2,009 (-19.4%), from €10,371 to €8,362
- Stocks and contracts +€1,580
up €1,580 (+15.6%), from €10,125 to €11,705
- Profit (loss) carried forward -€53,737
down €53,737 (-411%), from -€13,084 to -€66,820
- Trade debts +€46,227
up €46,227 (+137%), from €33,674 to €79,901
- Other debts +€20,784
up €20,784 (+147%), from €14,139 to €34,923
- Tax, wage and social debts +€3,198
up €3,198 (+12.8%), from €24,969 to €28,166
of which Remuneration and social security: +€8,008
- Debts after one year -€2,940
down €2,940 (-28.8%), from €10,197 to €7,257
- Gross operating margin -€23,253
down €23,253 (-21.6%), from €107,437 to €84,183
- Staff costs +€20,745
up €20,745 (+19.0%), from €109,451 to €130,196
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 | €75,603 | €89,366 | +€13,763 | +18.2% |
| Fixed assets | 21/28 | €20,646 | €18,637 | -€2,009 | -9.7% |
| Tangible fixed assets | 22/27 | €10,371 | €8,362 | -€2,009 | -19.4% |
| Plant, machinery and equipment | 23 | €10,371 | €8,362 | -€2,009 | -19.4% |
| Financial fixed assets | 28 | €10,275 | €10,275 | = | 0.0% |
| Current assets | 29/58 | €54,958 | €70,730 | +€15,772 | +28.7% |
| Stocks and contracts in progress | 3 | €10,125 | €11,705 | +€1,580 | +15.6% |
| Stocks | 30/36 | €10,125 | €11,705 | +€1,580 | +15.6% |
| Amounts receivable within one year | 40/41 | €19,003 | €38,329 | +€19,326 | +102% |
| Other amounts receivable | 41 | €19,003 | €38,329 | +€19,326 | +102% |
| Cash at bank and in hand | 54/58 | €25,830 | €20,696 | -€5,134 | -19.9% |
| Total equity and liabilities | 10/49 | €75,603 | €89,366 | +€13,763 | +18.2% |
| Equity | 10/15 | -€10,084 | -€63,820 | -€53,737 | -533% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,084 | -€66,820 | -€53,737 | -411% |
| Amounts payable | 17/49 | €85,687 | €153,187 | +€67,500 | +78.8% |
| Amounts payable after more than one year | 17 | €10,197 | €7,257 | -€2,940 | -28.8% |
| Financial debts | 170/4 | €10,197 | €7,257 | -€2,940 | -28.8% |
| Amounts payable within one year | 42/48 | €75,490 | €145,930 | +€70,439 | +93.3% |
| Current portion of amounts payable after more than one year | 42 | €2,709 | €2,940 | +€231 | +8.5% |
| Trade debts | 44 | €33,674 | €79,901 | +€46,227 | +137% |
| Suppliers | 440/4 | €33,674 | €79,901 | +€46,227 | +137% |
| Taxes, remuneration and social security | 45 | €24,969 | €28,166 | +€3,198 | +12.8% |
| Taxes | 450/3 | €24,969 | €20,158 | -€4,810 | -19.3% |
| Remuneration and social security | 454/9 | - | €8,008 | +€8,008 | |
| Other amounts payable | 47/48 | €14,139 | €34,923 | +€20,784 | +147% |
| Remuneration, social security and pensions | 62 | €109,451 | €130,196 | +€20,745 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,756 | €2,009 | +€253 | +14.4% |
| Other operating charges | 640/8 | €2,487 | €2,889 | +€402 | +16.2% |
| Non-recurring operating charges | 66A | €3,243 | €960 | -€2,283 | -70.4% |
| Gross operating margin | 9900 | €107,437 | €84,183 | -€23,253 | -21.6% |
| Operating profit (loss) | 9901 | -€9,500 | -€51,870 | -€42,370 | -446% |
| Financial income | 75/76B | €404 | €1,255 | +€851 | +211% |
| Recurring financial income | 75 | €404 | €1,255 | +€851 | +211% |
| Financial charges | 65/66B | €3,987 | €3,121 | -€866 | -21.7% |
| Recurring financial charges | 65 | €3,774 | €1,143 | -€2,631 | -69.7% |
| Non-recurring financial charges | 66B | €213 | €1,978 | +€1,765 | +828% |
| Profit (loss) for the period before taxes | 9903 | -€13,084 | -€53,737 | -€40,653 | -311% |
| Profit (loss) for the period | 9904 | -€13,084 | -€53,737 | -€40,653 | -311% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,084 | -€53,737 | -€40,653 | -311% |
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 18 October 2026 via checked.be.