ISALYS.D: 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.
ISALYS.D
Largest movements
- Cash +€28,026
up €28,026 (+63.8%), from €43,910 to €71,936
mainly Depreciation (+€19,880) and Net result for the year (+€16,178)
- Tangible fixed assets -€19,880
down €19,880 (-14.9%), from €133,854 to €113,974
of which Land and buildings: -€11,697
- Receivables within one year +€2,145
new in 2025: €2,145
- Deferred charges and accrued income +€2,076
new in 2025: €2,076
- Reserves +€70,000
up €70,000 (+233.3%), from €30,000 to €100,000
- Profit (loss) carried forward -€53,822
down €53,822 (-91.8%), from €58,610 to €4,788
- Debts after one year -€3,750
down €3,750 (-6.9%), from €54,450 to €50,700
of which Financial debts: -€3,750
- Depreciation +€7,341
up €7,341 (+58.5%), from €12,539 to €19,880
- Taxes -€2,467
down €2,467 (-32.0%), from €7,705 to €5,239
- Gross operating margin -€723
down €723 (-1.5%), from €48,564 to €47,841
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 | €177,764 | €190,130 | +€12,366 | +7.0% |
| Fixed assets | 21/28 | €133,854 | €113,974 | -€19,880 | -14.9% |
| Tangible fixed assets | 22/27 | €133,854 | €113,974 | -€19,880 | -14.9% |
| Land and buildings | 22 | €108,933 | €97,236 | -€11,697 | -10.7% |
| Plant, machinery and equipment | 23 | €1,515 | €1,002 | -€513 | -33.9% |
| Furniture and vehicles | 24 | €23,406 | €15,736 | -€7,671 | -32.8% |
| Current assets | 29/58 | €43,910 | €76,157 | +€32,246 | +73.4% |
| Amounts receivable within one year | 40/41 | - | €2,145 | +€2,145 | |
| Other amounts receivable | 41 | - | €2,145 | +€2,145 | |
| Cash at bank and in hand | 54/58 | €43,910 | €71,936 | +€28,026 | +63.8% |
| Deferred charges and accrued income | 490/1 | - | €2,076 | +€2,076 | |
| Total equity and liabilities | 10/49 | €177,764 | €190,130 | +€12,366 | +7.0% |
| Equity | 10/15 | €113,399 | €129,577 | +€16,178 | +14.3% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €30,000 | €100,000 | +€70,000 | +233.3% |
| Distributable reserves | 133 | €30,000 | €100,000 | +€70,000 | +233.3% |
| Profit (loss) carried forward | 14 | €58,610 | €4,788 | -€53,822 | -91.8% |
| Amounts payable | 17/49 | €64,365 | €60,553 | -€3,812 | -5.9% |
| Amounts payable after more than one year | 17 | €54,450 | €50,700 | -€3,750 | -6.9% |
| Financial debts | 170/4 | €3,750 | - | -€3,750 | |
| Other amounts payable | 178/9 | €50,700 | €50,700 | = | 0.0% |
| Amounts payable within one year | 42/48 | €9,915 | €8,353 | -€1,562 | -15.8% |
| Current portion of amounts payable after more than one year | 42 | €5,000 | €3,750 | -€1,250 | -25.0% |
| Trade debts | 44 | €1,529 | €1,667 | +€138 | +9.0% |
| Suppliers | 440/4 | €1,529 | €1,667 | +€138 | +9.0% |
| Taxes, remuneration and social security | 45 | €450 | - | -€450 | |
| Taxes | 450/3 | €450 | - | -€450 | |
| Other amounts payable | 47/48 | €2,936 | €2,936 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,539 | €19,880 | +€7,341 | +58.5% |
| Other operating charges | 640/8 | €4,680 | €4,805 | +€125 | +2.7% |
| Gross operating margin | 9900 | €48,564 | €47,841 | -€723 | -1.5% |
| Operating profit (loss) | 9901 | €31,345 | €23,156 | -€8,189 | -26.1% |
| Financial charges | 65/66B | €1,810 | €1,739 | -€71 | -3.9% |
| Recurring financial charges | 65 | €1,810 | €1,739 | -€71 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €29,535 | €21,417 | -€8,118 | -27.5% |
| Income taxes | 67/77 | €7,705 | €5,239 | -€2,467 | -32.0% |
| Profit (loss) for the period | 9904 | €21,829 | €16,178 | -€5,651 | -25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €21,829 | €16,178 | -€5,651 | -25.9% |
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 29 September 2026 via checked.be.