ISADIR: 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.
ISADIR
Largest movements
- Tangible fixed assets -€26,404
down €26,404 (-3.9%), from €668,570 to €642,166
of which Land and buildings: -€26,110
- Other debts -€749,410
down €749,410 (-98.6%), from €760,406 to €10,996
- Debts after one year +€700,000
new in 2024: €700,000
- Accrued charges and deferred income +€30,801
up €30,801 (+6374.3%), from €483 to €31,284
- Gross operating margin +€37,429
up €37,429 (+50.7%), from €73,789 to €111,217
- Financial charges +€30,882
up €30,882 (+2306.1%), from €1,339 to €32,221
of which Financial charges: +€31,301
- Staff costs +€9,571
up €9,571 (+45.4%), from €21,065 to €30,635
- Other operating charges +€6,005
up €6,005 (+818.8%), from €733 to €6,739
- Depreciation +€2,310
up €2,310 (+6.0%), from €38,313 to €40,624
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,652 | €694,944 | -€20,709 | -2.9% |
| Fixed assets | 21/28 | €668,570 | €642,166 | -€26,404 | -3.9% |
| Tangible fixed assets | 22/27 | €668,570 | €642,166 | -€26,404 | -3.9% |
| Land and buildings | 22 | €638,295 | €612,185 | -€26,110 | -4.1% |
| Plant, machinery and equipment | 23 | €30,275 | €29,980 | -€294 | -1.0% |
| Current assets | 29/58 | €47,082 | €52,778 | +€5,696 | +12.1% |
| Amounts receivable within one year | 40/41 | €425 | €8 | -€417 | -98.1% |
| Other amounts receivable | 41 | €425 | €8 | -€417 | -98.1% |
| Cash at bank and in hand | 54/58 | €41,035 | €46,893 | +€5,858 | +14.3% |
| Deferred charges and accrued income | 490/1 | €5,622 | €5,878 | +€255 | +4.5% |
| Total equity and liabilities | 10/49 | €715,652 | €694,944 | -€20,709 | -2.9% |
| Equity | 10/15 | -€52,403 | -€52,025 | +€377 | +0.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€62,403 | -€62,025 | +€377 | +0.6% |
| Amounts payable | 17/49 | €768,055 | €746,969 | -€21,086 | -2.7% |
| Amounts payable after more than one year | 17 | - | €700,000 | +€700,000 | |
| Financial debts | 170/4 | - | €700,000 | +€700,000 | |
| Amounts payable within one year | 42/48 | €767,572 | €15,685 | -€751,887 | -98.0% |
| Trade debts | 44 | €4,787 | €994 | -€3,793 | -79.2% |
| Suppliers | 440/4 | €4,787 | €994 | -€3,793 | -79.2% |
| Taxes, remuneration and social security | 45 | €2,379 | €3,695 | +€1,316 | +55.3% |
| Taxes | 450/3 | €0 | €219 | +€219 | |
| Remuneration and social security | 454/9 | €2,379 | €3,476 | +€1,097 | +46.1% |
| Other amounts payable | 47/48 | €760,406 | €10,996 | -€749,410 | -98.6% |
| Accrued charges and deferred income | 492/3 | €483 | €31,284 | +€30,801 | +6374.3% |
| Remuneration, social security and pensions | 62 | €21,065 | €30,635 | +€9,571 | +45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,313 | €40,624 | +€2,310 | +6.0% |
| Other operating charges | 640/8 | €733 | €6,739 | +€6,005 | +818.8% |
| Non-recurring operating charges | 66A | - | €774 | +€774 | |
| Gross operating margin | 9900 | €73,789 | €111,217 | +€37,429 | +50.7% |
| Operating profit (loss) | 9901 | €13,677 | €32,446 | +€18,768 | +137.2% |
| Financial income | 75/76B | €1,686 | €153 | -€1,533 | -90.9% |
| Recurring financial income | 75 | €78 | €153 | +€75 | +95.7% |
| Non-recurring financial income | 76B | €1,608 | €0 | -€1,608 | -100.0% |
| Financial charges | 65/66B | €1,339 | €32,221 | +€30,882 | +2306.1% |
| Recurring financial charges | 65 | €920 | €32,221 | +€31,301 | +3401.6% |
| Non-recurring financial charges | 66B | €419 | €0 | -€419 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €14,024 | €377 | -€13,647 | -97.3% |
| Profit (loss) for the period | 9904 | €14,024 | €377 | -€13,647 | -97.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,024 | €377 | -€13,647 | -97.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.