ISAFLOR: 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.
ISAFLOR
Largest movements
- Deferred charges and accrued income +€60,555
up €60,555 (+3242.1%), from €1,868 to €62,423
- Tangible fixed assets -€53,094
down €53,094 (-8.5%), from €626,424 to €573,330
of which Plant, machinery and equipment: -€37,112
- Cash +€10,378
up €10,378 (+74.8%), from €13,876 to €24,253
mainly Depreciation (+€63,095) and Accrued charges and deferred income (+€50,528)
- Receivables within one year -€9,371
down €9,371 (-14.3%), from €65,581 to €56,211
of which Other amounts receivable: -€15,528
- Accrued charges and deferred income +€50,528
up €50,528 (+826.4%), from €6,114 to €56,643
- Trade debts -€26,798
down €26,798 (-59.8%), from €44,814 to €18,016
- Debts after one year -€16,786
down €16,786 (-4.4%), from €382,500 to €365,714
- Profit (loss) carried forward -€14,373
down €14,373 (-126.3%), from -€11,379 to -€25,752
- Other debts +€13,767
up €13,767 (+3.5%), from €389,944 to €403,710
- Staff costs +€42,443
up €42,443 (+158.6%), from €26,767 to €69,210
- Gross operating margin +€31,742
up €31,742 (+32.5%), from €97,766 to €129,508
- Depreciation -€16,527
down €16,527 (-20.8%), from €79,622 to €63,095
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 | €850,012 | €858,480 | +€8,468 | +1.0% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €627,374 | €574,280 | -€53,094 | -8.5% |
| Tangible fixed assets | 22/27 | €626,424 | €573,330 | -€53,094 | -8.5% |
| Land and buildings | 22 | €281,606 | €268,244 | -€13,362 | -4.7% |
| Plant, machinery and equipment | 23 | €113,179 | €76,067 | -€37,112 | -32.8% |
| Furniture and vehicles | 24 | €4,019 | €1,454 | -€2,566 | -63.8% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Other tangible fixed assets | 26 | €227,620 | €227,565 | -€54 | 0.0% |
| Financial fixed assets | 28 | €950 | €950 | = | 0.0% |
| Current assets | 29/58 | €222,638 | €284,200 | +€61,562 | +27.7% |
| Stocks and contracts in progress | 3 | €141,314 | €141,314 | = | 0.0% |
| Stocks | 30/36 | €141,314 | €141,314 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €65,581 | €56,211 | -€9,371 | -14.3% |
| Trade receivables | 40 | €30,258 | €36,415 | +€6,157 | +20.3% |
| Other amounts receivable | 41 | €35,323 | €19,796 | -€15,528 | -44.0% |
| Cash at bank and in hand | 54/58 | €13,876 | €24,253 | +€10,378 | +74.8% |
| Deferred charges and accrued income | 490/1 | €1,868 | €62,423 | +€60,555 | +3242.1% |
| Total equity and liabilities | 10/49 | €850,012 | €858,480 | +€8,468 | +1.0% |
| Equity | 10/15 | €9,072 | -€5,301 | -€14,373 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Other | 1109/19 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,379 | -€25,752 | -€14,373 | -126.3% |
| Amounts payable | 17/49 | €840,940 | €863,781 | +€22,841 | +2.7% |
| Amounts payable after more than one year | 17 | €382,500 | €365,714 | -€16,786 | -4.4% |
| Financial debts | 170/4 | €382,500 | €365,714 | -€16,786 | -4.4% |
| Amounts payable within one year | 42/48 | €452,326 | €441,425 | -€10,901 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €16,786 | €16,786 | = | 0.0% |
| Trade debts | 44 | €44,814 | €18,016 | -€26,798 | -59.8% |
| Suppliers | 440/4 | €44,814 | €18,016 | -€26,798 | -59.8% |
| Taxes, remuneration and social security | 45 | €782 | €2,912 | +€2,130 | +272.4% |
| Taxes | 450/3 | €782 | €724 | -€58 | -7.4% |
| Remuneration and social security | 454/9 | - | €2,188 | +€2,188 | |
| Other amounts payable | 47/48 | €389,944 | €403,710 | +€13,767 | +3.5% |
| Accrued charges and deferred income | 492/3 | €6,114 | €56,643 | +€50,528 | +826.4% |
| Non-recurring operating income | 76A | €9,871 | €7,650 | -€2,221 | -22.5% |
| Remuneration, social security and pensions | 62 | €26,767 | €69,210 | +€42,443 | +158.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,622 | €63,095 | -€16,527 | -20.8% |
| Other operating charges | 640/8 | €3,485 | €4,247 | +€762 | +21.9% |
| Non-recurring operating charges | 66A | €19,381 | €1,864 | -€17,517 | -90.4% |
| Gross operating margin | 9900 | €97,766 | €129,508 | +€31,742 | +32.5% |
| Operating profit (loss) | 9901 | -€31,488 | -€8,908 | +€22,580 | +71.7% |
| Financial income | 75/76B | €2 | €28 | +€26 | +1131.4% |
| Recurring financial income | 75 | €2 | €28 | +€26 | +1131.4% |
| Financial charges | 65/66B | €5,721 | €5,493 | -€228 | -4.0% |
| Recurring financial charges | 65 | €5,721 | €5,493 | -€228 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€37,207 | -€14,373 | +€22,834 | +61.4% |
| Profit (loss) for the period | 9904 | -€37,207 | -€14,373 | +€22,834 | +61.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,207 | -€14,373 | +€22,834 | +61.4% |
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 5 October 2026 via checked.be.