ISAL: 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.
ISAL
Largest movements
- Cash -€5,696
down €5,696 (-67.2%), from €8,482 to €2,786
mainly Stocks and contracts (-€4,703) and Tax, wage and social debts (-€3,216)
- Stocks and contracts +€4,703
up €4,703 (+10.8%), from €43,393 to €48,095
- Other debts +€5,372
up €5,372 (+129.1%), from €4,162 to €9,534
- Tax, wage and social debts -€3,216
down €3,216 (-42.1%), from €7,642 to €4,426
of which Remuneration and social security: -€1,800
- Current portion of long-term debt -€2,600
no longer reported in 2025 (was €2,600)
- Trade debts -€902
down €902 (-14.3%), from €6,300 to €5,397
- Depreciation -€3,666
no longer reported in 2025 (was €3,666)
- Write-downs +€1,548
up €1,548, from -€815 to €733
- Financial income -€1,439
down €1,439 (-97.5%), from €1,477 to €37
- Gross operating margin +€1,309
up €1,309 (+76.9%), from €1,703 to €3,012
- Other operating charges -€292
down €292 (-24.2%), from €1,208 to €916
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 | €52,513 | €51,482 | -€1,031 | -2.0% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €52,513 | €51,482 | -€1,031 | -2.0% |
| Stocks and contracts in progress | 3 | €43,393 | €48,095 | +€4,703 | +10.8% |
| Stocks | 30/36 | €43,393 | €48,095 | +€4,703 | +10.8% |
| Amounts receivable within one year | 40/41 | €242 | - | -€242 | |
| Trade receivables | 40 | €236 | - | -€236 | |
| Other amounts receivable | 41 | €5 | - | -€5 | |
| Cash at bank and in hand | 54/58 | €8,482 | €2,786 | -€5,696 | -67.2% |
| Deferred charges and accrued income | 490/1 | €397 | €600 | +€204 | +51.4% |
| Total equity and liabilities | 10/49 | €52,513 | €51,482 | -€1,031 | -2.0% |
| Equity | 10/15 | €31,809 | €32,124 | +€315 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €4,432 | €4,432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €4,432 | €4,432 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,178 | €21,493 | +€315 | +1.5% |
| Amounts payable | 17/49 | €20,704 | €19,358 | -€1,346 | -6.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €20,704 | €19,358 | -€1,346 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €2,600 | - | -€2,600 | |
| Trade debts | 44 | €6,300 | €5,397 | -€902 | -14.3% |
| Suppliers | 440/4 | €6,300 | €5,397 | -€902 | -14.3% |
| Taxes, remuneration and social security | 45 | €7,642 | €4,426 | -€3,216 | -42.1% |
| Taxes | 450/3 | €5,842 | €4,426 | -€1,416 | -24.2% |
| Remuneration and social security | 454/9 | €1,800 | - | -€1,800 | |
| Other amounts payable | 47/48 | €4,162 | €9,534 | +€5,372 | +129.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,666 | - | -€3,666 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€815 | €733 | +€1,548 | |
| Other operating charges | 640/8 | €1,208 | €916 | -€292 | -24.2% |
| Gross operating margin | 9900 | €1,703 | €3,012 | +€1,309 | +76.9% |
| Operating profit (loss) | 9901 | -€2,357 | €1,363 | +€3,720 | |
| Financial income | 75/76B | €1,477 | €37 | -€1,439 | -97.5% |
| Recurring financial income | 75 | €1,477 | €37 | -€1,439 | -97.5% |
| Financial charges | 65/66B | €369 | €551 | +€182 | +49.4% |
| Recurring financial charges | 65 | €369 | €551 | +€182 | +49.4% |
| Profit (loss) for the period before taxes | 9903 | -€1,249 | €849 | +€2,098 | |
| Income taxes | 67/77 | €314 | €534 | +€220 | +70.0% |
| Profit (loss) for the period | 9904 | -€1,563 | €315 | +€1,878 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,563 | €315 | +€1,878 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.