ISALAIN: 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.
ISALAIN
Largest movements
- Tangible fixed assets -€16,666
down €16,666 (-48.2%), from €34,546 to €17,880
of which Other tangible fixed assets: -€9,198
- Cash -€5,428
down €5,428 (-96.1%), from €5,649 to €221
mainly Tax, wage and social debts (-€18,812) and Trade debts (-€10,287)
- Receivables within one year -€1,174
down €1,174 (-22.8%), from €5,147 to €3,973
of which Trade receivables: -€5,147
- Stocks and contracts -€850
down €850 (-7.0%), from €12,120 to €11,270
- Tax, wage and social debts -€18,812
down €18,812 (-94.1%), from €19,981 to €1,169
of which Remuneration and social security: -€16,986
- Trade debts -€10,287
down €10,287 (-48.2%), from €21,358 to €11,071
- Profit (loss) carried forward +€8,579
up €8,579 (+24.5%), from -€35,077 to -€26,498
- Current portion of long-term debt -€3,598
down €3,598 (-37.7%), from €9,545 to €5,947
- Staff costs -€29,550
down €29,550 (-24.4%), from €121,211 to €91,661
- Gross operating margin -€12,333
down €12,333 (-11.2%), from €110,235 to €97,902
- Depreciation -€9,695
down €9,695 (-36.8%), from €26,361 to €16,666
- Taxes -€7,007
down €7,007 (-41.7%), from -€16,808 to -€23,815
- Other operating charges -€1,834
down €1,834 (-41.2%), from €4,447 to €2,613
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 | €57,462 | €33,344 | -€24,118 | -42.0% |
| Fixed assets | 21/28 | €34,546 | €17,880 | -€16,666 | -48.2% |
| Tangible fixed assets | 22/27 | €34,546 | €17,880 | -€16,666 | -48.2% |
| Land and buildings | 22 | €1,998 | €1,525 | -€473 | -23.7% |
| Plant, machinery and equipment | 23 | €21,738 | €15,374 | -€6,364 | -29.3% |
| Furniture and vehicles | 24 | €1,612 | €981 | -€631 | -39.1% |
| Other tangible fixed assets | 26 | €9,198 | - | -€9,198 | |
| Current assets | 29/58 | €22,916 | €15,464 | -€7,452 | -32.5% |
| Stocks and contracts in progress | 3 | €12,120 | €11,270 | -€850 | -7.0% |
| Stocks | 30/36 | €12,120 | €11,270 | -€850 | -7.0% |
| Amounts receivable within one year | 40/41 | €5,147 | €3,973 | -€1,174 | -22.8% |
| Trade receivables | 40 | €5,147 | - | -€5,147 | |
| Other amounts receivable | 41 | - | €3,973 | +€3,973 | |
| Cash at bank and in hand | 54/58 | €5,649 | €221 | -€5,428 | -96.1% |
| Total equity and liabilities | 10/49 | €57,462 | €33,344 | -€24,118 | -42.0% |
| Equity | 10/15 | -€14,372 | -€5,793 | +€8,579 | +59.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,105 | €2,105 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €245 | €245 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,077 | -€26,498 | +€8,579 | +24.5% |
| Amounts payable | 17/49 | €71,834 | €39,137 | -€32,697 | -45.5% |
| Amounts payable after more than one year | 17 | €20,950 | €20,950 | = | 0.0% |
| Financial debts | 170/4 | €20,950 | €20,950 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,884 | €18,187 | -€32,697 | -64.3% |
| Current portion of amounts payable after more than one year | 42 | €9,545 | €5,947 | -€3,598 | -37.7% |
| Trade debts | 44 | €21,358 | €11,071 | -€10,287 | -48.2% |
| Suppliers | 440/4 | €21,358 | €11,071 | -€10,287 | -48.2% |
| Taxes, remuneration and social security | 45 | €19,981 | €1,169 | -€18,812 | -94.1% |
| Taxes | 450/3 | €2,995 | €1,169 | -€1,826 | -61.0% |
| Remuneration and social security | 454/9 | €16,986 | - | -€16,986 | |
| Remuneration, social security and pensions | 62 | €121,211 | €91,661 | -€29,550 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,361 | €16,666 | -€9,695 | -36.8% |
| Other operating charges | 640/8 | €4,447 | €2,613 | -€1,834 | -41.2% |
| Gross operating margin | 9900 | €110,235 | €97,902 | -€12,333 | -11.2% |
| Operating profit (loss) | 9901 | -€41,784 | -€13,038 | +€28,746 | +68.8% |
| Financial charges | 65/66B | €2,237 | €2,198 | -€39 | -1.7% |
| Recurring financial charges | 65 | €2,237 | €2,198 | -€39 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€44,021 | -€15,236 | +€28,785 | +65.4% |
| Income taxes | 67/77 | -€16,808 | -€23,815 | -€7,007 | -41.7% |
| Profit (loss) for the period | 9904 | -€27,213 | €8,579 | +€35,792 | |
| Profit (loss) for the period to be appropriated | 9905 | -€27,213 | €8,579 | +€35,792 |
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 21 October 2026 via checked.be.