ISAPLY: 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.
ISAPLY
Largest movements
- Receivables within one year +€291,617
up €291,617 (+194.5%), from €149,919 to €441,536
- Cash -€264,877
down €264,877 (-44.8%), from €590,868 to €325,991
mainly Receivables within one year (-€291,617) and Trade debts (-€5,537)
- Tangible fixed assets -€36,659
down €36,659 (-5.6%), from €659,864 to €623,205
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€8,231
no longer reported in 2025 (was €8,231)
- Gross operating margin -€6,729
down €6,729 (-14.4%), from €46,618 to €39,889
- Other operating charges +€1,066
up €1,066 (+16.3%), from €6,547 to €7,613
- Taxes -€803
no longer reported in 2025 (was €803)
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 | €1,400,651 | €1,390,732 | -€9,919 | -0.7% |
| Fixed assets | 21/28 | €659,864 | €623,205 | -€36,659 | -5.6% |
| Tangible fixed assets | 22/27 | €659,864 | €623,205 | -€36,659 | -5.6% |
| Land and buildings | 22 | €659,864 | €623,205 | -€36,659 | -5.6% |
| Current assets | 29/58 | €740,787 | €767,527 | +€26,740 | +3.6% |
| Amounts receivable within one year | 40/41 | €149,919 | €441,536 | +€291,617 | +194.5% |
| Other amounts receivable | 41 | €149,919 | €441,536 | +€291,617 | +194.5% |
| Cash at bank and in hand | 54/58 | €590,868 | €325,991 | -€264,877 | -44.8% |
| Total equity and liabilities | 10/49 | €1,400,651 | €1,390,732 | -€9,919 | -0.7% |
| Equity | 10/15 | €1,391,139 | €1,386,757 | -€4,383 | -0.3% |
| Contributions | 10/11 | €557,000 | €557,000 | = | 0.0% |
| Capital | 10 | €557,000 | €557,000 | = | 0.0% |
| Issued capital | 100 | €557,000 | €557,000 | = | 0.0% |
| Reserves | 13 | €93,200 | €93,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €55,700 | €55,700 | = | 0.0% |
| Legal reserve | 130 | €55,700 | €55,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €740,939 | €736,557 | -€4,383 | -0.6% |
| Amounts payable | 17/49 | €9,512 | €3,975 | -€5,537 | -58.2% |
| Amounts payable within one year | 42/48 | €9,512 | €3,975 | -€5,537 | -58.2% |
| Trade debts | 44 | €6,166 | €630 | -€5,537 | -89.8% |
| Suppliers | 440/4 | €6,166 | €630 | -€5,537 | -89.8% |
| Other amounts payable | 47/48 | €3,346 | €3,346 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,659 | €36,659 | = | 0.0% |
| Other operating charges | 640/8 | €6,547 | €7,613 | +€1,066 | +16.3% |
| Gross operating margin | 9900 | €46,618 | €39,889 | -€6,729 | -14.4% |
| Operating profit (loss) | 9901 | €3,412 | -€4,383 | -€7,794 | |
| Financial income | 75/76B | €8,231 | - | -€8,231 | |
| Recurring financial income | 75 | €8,231 | - | -€8,231 | |
| Financial charges | 65/66B | €20 | - | -€20 | |
| Recurring financial charges | 65 | €20 | - | -€20 | |
| Profit (loss) for the period before taxes | 9903 | €11,623 | -€4,383 | -€16,005 | |
| Income taxes | 67/77 | €803 | - | -€803 | |
| Profit (loss) for the period | 9904 | €10,820 | -€4,383 | -€15,202 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,820 | -€4,383 | -€15,202 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.