ISAMI: 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.
ISAMI
Largest movements
- Cash +€29,311
up €29,311 (+242.8%), from €12,071 to €41,382
mainly Net result for the year (+€39,520) and Depreciation (+€9,877)
- Receivables within one year +€10,085
up €10,085 (+21.1%), from €47,851 to €57,936
of which Other amounts receivable: +€7,173
- Deferred charges and accrued income +€7,033
up €7,033 (+49.1%), from €14,315 to €21,348
- Tangible fixed assets -€6,607
down €6,607 (-33.5%), from €19,725 to €13,118
of which Furniture and vehicles: -€8,148
- Reserves +€39,520
up €39,520 (+54.8%), from €72,145 to €111,665
- Tax, wage and social debts +€9,543
up €9,543 (+378.0%), from €2,525 to €12,068
of which Taxes: +€9,529
- Current portion of long-term debt -€7,848
down €7,848 (-100.0%), from €7,848 to €0
- Gross operating margin +€41,781
up €41,781 (+114.8%), from €36,401 to €78,182
- Taxes +€16,119
up €16,119 (+219.0%), from €7,361 to €23,480
- Financial charges -€1,095
down €1,095 (-28.1%), from €3,893 to €2,798
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 | €93,962 | €133,784 | +€39,822 | +42.4% |
| Fixed assets | 21/28 | €19,725 | €13,118 | -€6,607 | -33.5% |
| Tangible fixed assets | 22/27 | €19,725 | €13,118 | -€6,607 | -33.5% |
| Furniture and vehicles | 24 | €14,969 | €6,822 | -€8,148 | -54.4% |
| Other tangible fixed assets | 26 | €4,756 | €6,297 | +€1,541 | +32.4% |
| Current assets | 29/58 | €74,237 | €120,666 | +€46,429 | +62.5% |
| Amounts receivable within one year | 40/41 | €47,851 | €57,936 | +€10,085 | +21.1% |
| Trade receivables | 40 | €14,563 | €17,475 | +€2,912 | +20.0% |
| Other amounts receivable | 41 | €33,288 | €40,461 | +€7,173 | +21.5% |
| Cash at bank and in hand | 54/58 | €12,071 | €41,382 | +€29,311 | +242.8% |
| Deferred charges and accrued income | 490/1 | €14,315 | €21,348 | +€7,033 | +49.1% |
| Total equity and liabilities | 10/49 | €93,962 | €133,784 | +€39,822 | +42.4% |
| Equity | 10/15 | €75,145 | €114,665 | +€39,520 | +52.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €72,145 | €111,665 | +€39,520 | +54.8% |
| Distributable reserves | 133 | €72,145 | €111,665 | +€39,520 | +54.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €18,818 | €19,119 | +€301 | +1.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,818 | €19,119 | +€301 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | €7,848 | €0 | -€7,848 | -100.0% |
| Financial debts | 43 | €390 | €328 | -€62 | -15.9% |
| Credit institutions | 430/8 | €390 | €328 | -€62 | -15.9% |
| Trade debts | 44 | €8,055 | €6,723 | -€1,332 | -16.5% |
| Suppliers | 440/4 | €8,055 | €6,723 | -€1,332 | -16.5% |
| Taxes, remuneration and social security | 45 | €2,525 | €12,068 | +€9,543 | +378.0% |
| Taxes | 450/3 | €295 | €9,824 | +€9,529 | +3233.2% |
| Remuneration and social security | 454/9 | €2,230 | €2,244 | +€14 | +0.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,205 | €9,877 | -€328 | -3.2% |
| Other operating charges | 640/8 | €3,327 | €2,744 | -€583 | -17.5% |
| Gross operating margin | 9900 | €36,401 | €78,182 | +€41,781 | +114.8% |
| Operating profit (loss) | 9901 | €22,869 | €65,561 | +€42,693 | +186.7% |
| Financial income | 75/76B | €0 | €237 | +€237 | |
| Recurring financial income | 75 | €0 | €237 | +€237 | |
| Financial charges | 65/66B | €3,893 | €2,798 | -€1,095 | -28.1% |
| Recurring financial charges | 65 | €3,893 | €2,798 | -€1,095 | -28.1% |
| Profit (loss) for the period before taxes | 9903 | €18,975 | €63,000 | +€44,025 | +232.0% |
| Income taxes | 67/77 | €7,361 | €23,480 | +€16,119 | +219.0% |
| Profit (loss) for the period | 9904 | €11,614 | €39,520 | +€27,906 | +240.3% |
| Profit (loss) for the period to be appropriated | 9905 | €11,614 | €39,520 | +€27,906 | +240.3% |
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 11 October 2026 via checked.be.