ISANO: 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.
ISANO
Largest movements
- Cash -€308,083
down €308,083 (-38.3%), from €804,413 to €496,329
mainly Trade debts (-€357,621) and Net result for the year (-€146,222)
- Receivables within one year -€193,877
down €193,877 (-27.8%), from €696,988 to €503,111
of which Trade receivables: -€194,068
- Stocks and contracts -€29,360
down €29,360 (-87.1%), from €33,710 to €4,350
- Tangible fixed assets -€26,113
down €26,113 (-28.0%), from €93,289 to €67,176
of which Land and buildings: -€15,515
- Trade debts -€357,621
down €357,621 (-88.7%), from €402,979 to €45,358
- Reserves -€138,000
down €138,000 (-13.3%), from €1.0m to €903,262
of which Distributable reserves: -€562,137
- Other debts -€42,105
down €42,105 (-44.3%), from €95,105 to €53,000
- Gross operating margin -€57,226
down €57,226 (-113.2%), from -€50,564 to -€107,789
- Staff costs -€23,685
down €23,685 (-74.8%), from €31,645 to €7,960
- Depreciation -€15,839
down €15,839 (-37.8%), from €41,952 to €26,113
- Provisions -€3,922
down €3,922, from €69 to -€3,853
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 | €1,634,171 | €1,076,421 | -€557,750 | -34.1% |
| Fixed assets | 21/28 | €93,289 | €67,176 | -€26,113 | -28.0% |
| Tangible fixed assets | 22/27 | €93,289 | €67,176 | -€26,113 | -28.0% |
| Land and buildings | 22 | €76,992 | €61,477 | -€15,515 | -20.2% |
| Plant, machinery and equipment | 23 | €8,634 | €5,566 | -€3,068 | -35.5% |
| Furniture and vehicles | 24 | €7,663 | €134 | -€7,530 | -98.3% |
| Current assets | 29/58 | €1,540,882 | €1,009,245 | -€531,637 | -34.5% |
| Stocks and contracts in progress | 3 | €33,710 | €4,350 | -€29,360 | -87.1% |
| Stocks | 30/36 | €33,710 | €4,350 | -€29,360 | -87.1% |
| Amounts receivable within one year | 40/41 | €696,988 | €503,111 | -€193,877 | -27.8% |
| Trade receivables | 40 | €561,041 | €366,972 | -€194,068 | -34.6% |
| Other amounts receivable | 41 | €135,947 | €136,139 | +€192 | +0.1% |
| Cash at bank and in hand | 54/58 | €804,413 | €496,329 | -€308,083 | -38.3% |
| Deferred charges and accrued income | 490/1 | €5,772 | €5,455 | -€317 | -5.5% |
| Total equity and liabilities | 10/49 | €1,634,171 | €1,076,421 | -€557,750 | -34.1% |
| Equity | 10/15 | €1,112,297 | €966,074 | -€146,222 | -13.1% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €1,041,262 | €903,262 | -€138,000 | -13.3% |
| Non-distributable reserves | 130/1 | €6,197 | €430,334 | +€424,137 | +6843.9% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | - | €424,137 | +€424,137 | |
| Distributable reserves | 133 | €1,035,065 | €472,928 | -€562,137 | -54.3% |
| Profit (loss) carried forward | 14 | €9,061 | €838 | -€8,222 | -90.7% |
| Amounts payable | 17/49 | €521,875 | €110,347 | -€411,527 | -78.9% |
| Amounts payable within one year | 42/48 | €521,863 | €110,347 | -€411,515 | -78.9% |
| Current portion of amounts payable after more than one year | 42 | €2,947 | - | -€2,947 | |
| Financial debts | 43 | - | €16 | +€16 | |
| Credit institutions | 430/8 | - | €16 | +€16 | |
| Trade debts | 44 | €402,979 | €45,358 | -€357,621 | -88.7% |
| Suppliers | 440/4 | €402,979 | €45,358 | -€357,621 | -88.7% |
| Taxes, remuneration and social security | 45 | €20,831 | €11,973 | -€8,858 | -42.5% |
| Taxes | 450/3 | €12,379 | €7,288 | -€5,091 | -41.1% |
| Remuneration and social security | 454/9 | €8,452 | €4,685 | -€3,767 | -44.6% |
| Other amounts payable | 47/48 | €95,105 | €53,000 | -€42,105 | -44.3% |
| Accrued charges and deferred income | 492/3 | €12 | - | -€12 | |
| Non-recurring operating income | 76A | €43,701 | - | -€43,701 | |
| Remuneration, social security and pensions | 62 | €31,645 | €7,960 | -€23,685 | -74.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,952 | €26,113 | -€15,839 | -37.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €69 | -€3,853 | -€3,922 | |
| Other operating charges | 640/8 | €6,438 | €6,641 | +€203 | +3.1% |
| Gross operating margin | 9900 | -€50,564 | -€107,789 | -€57,226 | -113.2% |
| Operating profit (loss) | 9901 | -€130,668 | -€144,650 | -€13,982 | -10.7% |
| Financial income | 75/76B | €1 | €0 | -€0 | -36.8% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -36.8% |
| Financial charges | 65/66B | €601 | €493 | -€109 | -18.1% |
| Recurring financial charges | 65 | €601 | €493 | -€109 | -18.1% |
| Profit (loss) for the period before taxes | 9903 | -€131,269 | -€145,142 | -€13,873 | -10.6% |
| Income taxes | 67/77 | €1,492 | €1,080 | -€411 | -27.6% |
| Profit (loss) for the period | 9904 | -€132,761 | -€146,222 | -€13,462 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€132,761 | -€146,222 | -€13,462 | -10.1% |
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 10 October 2026 via checked.be.