Isalie: 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.
Isalie
Largest movements
- Tangible fixed assets +€908,284
up €908,284 (+479%), from €189,451 to €1.1m
- Debts after one year +€983,134
new in 2025: €983,134
- Profit (loss) carried forward -€87,154
down €87,154 (-488%), from -€17,860 to -€105,014
- Trade debts -€70,432
down €70,432 (-38.4%), from €183,606 to €113,174
- Other debts +€67,414
up €67,414 (+344%), from €19,601 to €87,015
- Current portion of long-term debt +€16,866
new in 2025: €16,866
- Depreciation +€31,398
up €31,398 (+3,583%), from €876 to €32,274
- Financial charges +€28,126
up €28,126 (+46,124%), from €61 to €28,187
- Gross operating margin -€16,825
down €16,825 (-315%), from -€5,335 to -€22,160
- Other operating charges +€4,342
up €4,342 (+2,279%), from €191 to €4,532
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 | €191,547 | €1,101,729 | +€910,181 | +475% |
| Fixed assets | 21/28 | €189,451 | €1,097,736 | +€908,284 | +479% |
| Tangible fixed assets | 22/27 | €189,451 | €1,097,736 | +€908,284 | +479% |
| Assets under construction and advance payments | 27 | €189,451 | €1,097,736 | +€908,284 | +479% |
| Current assets | 29/58 | €2,096 | €3,993 | +€1,897 | +90.5% |
| Amounts receivable within one year | 40/41 | €374 | €3,154 | +€2,780 | +743% |
| Other amounts receivable | 41 | €374 | €3,154 | +€2,780 | +743% |
| Cash at bank and in hand | 54/58 | €1,722 | €839 | -€883 | -51.3% |
| Total equity and liabilities | 10/49 | €191,547 | €1,101,729 | +€910,181 | +475% |
| Equity | 10/15 | -€11,660 | -€98,814 | -€87,154 | -747% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,860 | -€105,014 | -€87,154 | -488% |
| Amounts payable | 17/49 | €203,207 | €1,200,542 | +€997,335 | +491% |
| Amounts payable after more than one year | 17 | - | €983,134 | +€983,134 | |
| Financial debts | 170/4 | - | €983,134 | +€983,134 | |
| Amounts payable within one year | 42/48 | €203,207 | €217,408 | +€14,201 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,866 | +€16,866 | |
| Trade debts | 44 | €183,606 | €113,174 | -€70,432 | -38.4% |
| Suppliers | 440/4 | €183,606 | €113,174 | -€70,432 | -38.4% |
| Taxes, remuneration and social security | 45 | - | €354 | +€354 | |
| Taxes | 450/3 | - | €354 | +€354 | |
| Other amounts payable | 47/48 | €19,601 | €87,015 | +€67,414 | +344% |
| Non-recurring operating income | 76A | €400 | €0 | -€400 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €876 | €32,274 | +€31,398 | +3,583% |
| Other operating charges | 640/8 | €191 | €4,532 | +€4,342 | +2,279% |
| Gross operating margin | 9900 | -€5,335 | -€22,160 | -€16,825 | -315% |
| Operating profit (loss) | 9901 | -€6,402 | -€58,967 | -€52,565 | -821% |
| Financial charges | 65/66B | €61 | €28,187 | +€28,126 | +46,124% |
| Recurring financial charges | 65 | €61 | €28,187 | +€28,126 | +46,124% |
| Profit (loss) for the period before taxes | 9903 | -€6,463 | -€87,154 | -€80,691 | -1,249% |
| Profit (loss) for the period | 9904 | -€6,463 | -€87,154 | -€80,691 | -1,249% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,463 | -€87,154 | -€80,691 | -1,249% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.