ISALYS CONSULTING: 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.
What changed
ISALYS CONSULTING
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€277,043
2024 · €362,119-€85,076
Equity
€1.5m
2024 · €1.2m+€277,043
Cash
€570,777
2024 · €864,704-€293,926
Balance sheet total
€6.5m
2024 · €5.6m+€872,357
Largest movements
Assets
- Receivables within one year +€983,692
up €983,692 (+24.4%), from €4.0m to €5.0m
of which Trade receivables: +€963,513
- Cash -€293,926
down €293,926 (-34.0%), from €864,704 to €570,777
mainly Receivables within one year (-€983,692) and Investment in fixed assets (net) (-€298,496)
- Intangible fixed assets +€279,847
new in 2025: €279,847
- Tangible fixed assets -€77,117
down €77,117 (-12.7%), from €608,599 to €531,482
of which Other tangible fixed assets: -€68,328
Equity and liabilities
- Short-term financial debts +€547,175
up €547,175 (+38.0%), from €1.4m to €2.0m
- Tax, wage and social debts +€283,086
up €283,086 (+23.0%), from €1.2m to €1.5m
of which Remuneration and social security: +€308,727
- Profit (loss) carried forward +€277,043
up €277,043 (+24.8%), from €1.1m to €1.4m
- Current portion of long-term debt -€273,433
down €273,433 (-79.6%), from €343,317 to €69,884
- Trade debts +€104,340
up €104,340 (+8.4%), from €1.2m to €1.4m
Income statement
- Turnover +€2.1m
up €2.1m (+14.8%), from €14.2m to €16.3m
- Services and other goods +€1.3m
up €1.3m (+23.4%), from €5.5m to €6.8m
- Staff costs +€1.2m
up €1.2m (+15.7%), from €7.9m to €9.1m
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.
Result 2024
€362,119
Turnover
+€2.1m
Other operating income
+€9,252
Services and other goods
-€1.3m
Staff costs
-€1.2m
Depreciation
-€1,575
Other operating charges
+€6,271
Other operating items
+€317,903
Financial income
+€25
Financial charges
-€27,695
Taxes
+€35,970
Result 2025
€277,043
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€202,426
Investment
-€298,496
Financing
+€206,996
Cash 2024
€864,704
From operations (derived)
-€202,426
Net result for the year
+€277,043
Depreciation
+€95,766
Receivables within one year
-€983,692
Deferred charges and accrued income
+€20,139
Trade debts
+€104,340
Tax, wage and social debts
+€283,086
Other debts
+€892
Investment (derived)
-€298,496
Investment in fixed assets (net)
-€298,496
Financing
+€206,996
Debts after one year
-€66,746
Current portion of long-term debt
-€273,433
Short-term financial debts
+€547,175
Cash 2025
€570,777
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,637,470 | €6,509,827 | +€872,357 | +15.5% |
| Fixed assets | 21/28 | €684,569 | €887,299 | +€202,730 | +29.6% |
| Intangible fixed assets | 21 | - | €279,847 | +€279,847 | |
| Tangible fixed assets | 22/27 | €608,599 | €531,482 | -€77,117 | -12.7% |
| Plant, machinery and equipment | 23 | €4,351 | €2,977 | -€1,375 | -31.6% |
| Furniture and vehicles | 24 | €29,926 | €22,512 | -€7,414 | -24.8% |
| Other tangible fixed assets | 26 | €574,321 | €505,994 | -€68,328 | -11.9% |
| Financial fixed assets | 28 | €75,970 | €75,970 | = | 0.0% |
| Affiliated companies | 280/1 | €6,470 | €6,470 | = | 0.0% |
| Participating interests | 280 | €6,470 | €6,470 | = | 0.0% |
| Other financial fixed assets | 284/8 | €69,500 | €69,500 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €69,500 | €69,500 | = | 0.0% |
| Current assets | 29/58 | €4,952,902 | €5,622,529 | +€669,627 | +13.5% |
| Amounts receivable within one year | 40/41 | €4,028,011 | €5,011,704 | +€983,692 | +24.4% |
| Trade receivables | 40 | €3,482,776 | €4,446,289 | +€963,513 | +27.7% |
| Other amounts receivable | 41 | €545,235 | €565,414 | +€20,179 | +3.7% |
| Cash at bank and in hand | 54/58 | €864,704 | €570,777 | -€293,926 | -34.0% |
| Deferred charges and accrued income | 490/1 | €60,187 | €40,048 | -€20,139 | -33.5% |
| Total equity and liabilities | 10/49 | €5,637,470 | €6,509,827 | +€872,357 | +15.5% |
| Equity | 10/15 | €1,193,888 | €1,470,931 | +€277,043 | +23.2% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €7,000 | €7,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,116,888 | €1,393,931 | +€277,043 | +24.8% |
| Amounts payable | 17/49 | €4,443,582 | €5,038,896 | +€595,314 | +13.4% |
| Amounts payable after more than one year | 17 | €181,561 | €114,815 | -€66,746 | -36.8% |
| Financial debts | 170/4 | €181,561 | €114,815 | -€66,746 | -36.8% |
| Credit institutions | 173 | €117,350 | €88,797 | -€28,553 | -24.3% |
| Other loans | 174 | €64,212 | €26,019 | -€38,193 | -59.5% |
| Amounts payable within one year | 42/48 | €4,262,021 | €4,924,081 | +€662,060 | +15.5% |
| Current portion of amounts payable after more than one year | 42 | €343,317 | €69,884 | -€273,433 | -79.6% |
| Financial debts | 43 | €1,440,897 | €1,988,072 | +€547,175 | +38.0% |
| Credit institutions | 430/8 | €1,440,897 | €1,988,072 | +€547,175 | +38.0% |
| Trade debts | 44 | €1,247,141 | €1,351,481 | +€104,340 | +8.4% |
| Suppliers | 440/4 | €1,247,141 | €1,351,481 | +€104,340 | +8.4% |
| Taxes, remuneration and social security | 45 | €1,229,185 | €1,512,272 | +€283,086 | +23.0% |
| Taxes | 450/3 | €408,604 | €382,962 | -€25,641 | -6.3% |
| Remuneration and social security | 454/9 | €820,582 | €1,129,309 | +€308,727 | +37.6% |
| Other amounts payable | 47/48 | €1,480 | €2,372 | +€892 | +60.3% |
| Operating income | 70/76A | €14,378,967 | €16,763,384 | +€2.4m | +16.6% |
| Turnover | 70 | €14,159,188 | €16,254,353 | +€2.1m | +14.8% |
| Own construction capitalised | 72 | - | €280,000 | +€280,000 | |
| Other operating income | 74 | €219,779 | €229,031 | +€9,252 | +4.2% |
| Operating charges | 60/66A | €13,484,386 | €15,962,179 | +€2.5m | +18.4% |
| Services and other goods | 61 | €5,478,123 | €6,761,783 | +€1.3m | +23.4% |
| Remuneration, social security and pensions | 62 | €7,855,402 | €9,092,135 | +€1.2m | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,192 | €95,766 | +€1,575 | +1.7% |
| Other operating charges | 640/8 | €15,670 | €9,398 | -€6,271 | -40.0% |
| Non-recurring operating charges | 66A | €41,000 | €3,097 | -€37,903 | -92.4% |
| Operating profit (loss) | 9901 | €894,581 | €801,205 | -€93,376 | -10.4% |
| Financial income | 75/76B | €139 | €164 | +€25 | +17.7% |
| Recurring financial income | 75 | €139 | €164 | +€25 | +17.7% |
| Income from financial fixed assets | 750 | €139 | €164 | +€25 | +17.7% |
| Financial charges | 65/66B | €184,312 | €212,006 | +€27,695 | +15.0% |
| Recurring financial charges | 65 | €184,312 | €212,006 | +€27,695 | +15.0% |
| Debt charges | 650 | €184,312 | €212,006 | +€27,695 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €710,408 | €589,363 | -€121,046 | -17.0% |
| Income taxes | 67/77 | €348,289 | €312,320 | -€35,970 | -10.3% |
| Taxes | 670/3 | €362,042 | €312,320 | -€49,722 | -13.7% |
| Tax adjustments and reversals of tax provisions | 77 | €13,753 | - | -€13,753 | |
| Profit (loss) for the period | 9904 | €362,119 | €277,043 | -€85,076 | -23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €362,119 | €277,043 | -€85,076 | -23.5% |
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 27 October 2026 via checked.be.