ISALA: 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.
ISALA
Largest movements
- Tangible fixed assets -€17,548
down €17,548 (-5.5%), from €318,797 to €301,249
of which Land and buildings: -€15,973
- Cash -€11,915
down €11,915 (-61.3%), from €19,437 to €7,522
mainly Debts after one year (-€16,415) and Other debts (-€5,621)
- Debts after one year -€16,415
down €16,415 (-6.1%), from €269,068 to €252,653
- Other debts -€5,621
down €5,621 (-18.4%), from €30,480 to €24,858
- Gross operating margin -€6,147
down €6,147 (-19.4%), from €31,704 to €25,557
- Depreciation -€2,245
down €2,245 (-11.4%), from €19,714 to €17,469
- Financial charges -€1,048
down €1,048 (-14.6%), from €7,176 to €6,128
- Staff costs -€566
down €566 (-100.0%), from €566 to €0
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 | €341,996 | €314,121 | -€27,875 | -8.2% |
| Formation expenses | 20 | €378 | €0 | -€378 | -100.0% |
| Fixed assets | 21/28 | €318,797 | €301,249 | -€17,548 | -5.5% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €318,797 | €301,249 | -€17,548 | -5.5% |
| Land and buildings | 22 | €316,322 | €300,348 | -€15,973 | -5.0% |
| Plant, machinery and equipment | 23 | €457 | €0 | -€457 | -100.0% |
| Furniture and vehicles | 24 | €2,018 | €900 | -€1,118 | -55.4% |
| Current assets | 29/58 | €22,821 | €12,872 | -€9,949 | -43.6% |
| Amounts receivable within one year | 40/41 | €2,115 | €4,085 | +€1,970 | +93.1% |
| Trade receivables | 40 | €2,115 | €4,085 | +€1,970 | +93.1% |
| Cash at bank and in hand | 54/58 | €19,437 | €7,522 | -€11,915 | -61.3% |
| Deferred charges and accrued income | 490/1 | €1,269 | €1,266 | -€4 | -0.3% |
| Total equity and liabilities | 10/49 | €341,996 | €314,121 | -€27,875 | -8.2% |
| Equity | 10/15 | €17,115 | €15,874 | -€1,241 | -7.2% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,885 | -€24,126 | -€1,241 | -5.4% |
| Amounts payable | 17/49 | €324,881 | €298,247 | -€26,634 | -8.2% |
| Amounts payable after more than one year | 17 | €269,068 | €252,653 | -€16,415 | -6.1% |
| Financial debts | 170/4 | €269,068 | €252,653 | -€16,415 | -6.1% |
| Amounts payable within one year | 42/48 | €53,129 | €43,635 | -€9,494 | -17.9% |
| Current portion of amounts payable after more than one year | 42 | €18,067 | €16,415 | -€1,652 | -9.1% |
| Trade debts | 44 | €3,778 | €1,557 | -€2,221 | -58.8% |
| Suppliers | 440/4 | €3,778 | €1,557 | -€2,221 | -58.8% |
| Advances received on contracts in progress | 46 | €805 | €805 | = | 0.0% |
| Other amounts payable | 47/48 | €30,480 | €24,858 | -€5,621 | -18.4% |
| Accrued charges and deferred income | 492/3 | €2,684 | €1,959 | -€725 | -27.0% |
| Remuneration, social security and pensions | 62 | €566 | €0 | -€566 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,714 | €17,469 | -€2,245 | -11.4% |
| Other operating charges | 640/8 | €2,528 | €2,743 | +€215 | +8.5% |
| Non-recurring operating charges | 66A | - | €457 | +€457 | |
| Gross operating margin | 9900 | €31,704 | €25,557 | -€6,147 | -19.4% |
| Operating profit (loss) | 9901 | €8,895 | €4,888 | -€4,008 | -45.1% |
| Financial charges | 65/66B | €7,176 | €6,128 | -€1,048 | -14.6% |
| Recurring financial charges | 65 | €7,176 | €6,128 | -€1,048 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €1,719 | -€1,241 | -€2,960 | |
| Profit (loss) for the period | 9904 | €1,719 | -€1,241 | -€2,960 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,719 | -€1,241 | -€2,960 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.