ISAPLY SERVICES: 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.
ISAPLY SERVICES
Largest movements
- Tangible fixed assets +€960,649
up €960,649 (+25.3%), from €3.8m to €4.8m
of which Plant, machinery and equipment: +€1.2m
- Receivables within one year -€546,317
down €546,317 (-28.8%), from €1.9m to €1.4m
of which Trade receivables: -€562,352
- Cash +€217,488
up €217,488 (+55.7%), from €390,580 to €608,068
mainly Depreciation (+€703,019) and Receivables within one year (+€546,317)
- Stocks and contracts +€80,404
up €80,404 (+58.8%), from €136,734 to €217,139
- Debts after one year +€407,160
up €407,160 (+14.5%), from €2.8m to €3.2m
of which Financial debts: +€407,160
- Current portion of long-term debt +€177,882
up €177,882 (+53.2%), from €334,313 to €512,195
- Trade debts -€133,749
down €133,749 (-23.8%), from €561,582 to €427,833
- Reserves +€100,000
up €100,000 (+21.7%), from €460,000 to €560,000
of which Distributable reserves: +€100,000
- Financial income +€203,671
up €203,671 (+145.2%), from €140,295 to €343,967
of which Non-recurring financial income: +€301,951
- Gross operating margin -€153,590
down €153,590 (-14.1%), from €1.1m to €937,925
- Depreciation +€111,032
up €111,032 (+18.8%), from €591,988 to €703,019
- Staff costs +€34,472
up €34,472 (+12.5%), from €275,011 to €309,483
- Financial charges +€14,752
up €14,752 (+15.1%), from €97,650 to €112,402
of which Financial charges: +€30,940
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 | €6,225,431 | €6,937,791 | +€712,360 | +11.4% |
| Fixed assets | 21/28 | €3,801,763 | €4,762,548 | +€960,784 | +25.3% |
| Tangible fixed assets | 22/27 | €3,800,543 | €4,761,193 | +€960,649 | +25.3% |
| Plant, machinery and equipment | 23 | €1,317,389 | €2,469,808 | +€1.2m | +87.5% |
| Furniture and vehicles | 24 | €21,493 | €6,457 | -€15,036 | -70.0% |
| Other tangible fixed assets | 26 | €2,461,661 | €2,284,927 | -€176,734 | -7.2% |
| Financial fixed assets | 28 | €1,220 | €1,355 | +€135 | +11.1% |
| Current assets | 29/58 | €2,423,667 | €2,175,243 | -€248,424 | -10.2% |
| Stocks and contracts in progress | 3 | €136,734 | €217,139 | +€80,404 | +58.8% |
| Stocks | 30/36 | €136,734 | €217,139 | +€80,404 | +58.8% |
| Amounts receivable within one year | 40/41 | €1,896,353 | €1,350,037 | -€546,317 | -28.8% |
| Trade receivables | 40 | €1,862,822 | €1,300,470 | -€562,352 | -30.2% |
| Other amounts receivable | 41 | €33,531 | €49,567 | +€16,035 | +47.8% |
| Cash at bank and in hand | 54/58 | €390,580 | €608,068 | +€217,488 | +55.7% |
| Total equity and liabilities | 10/49 | €6,225,431 | €6,937,791 | +€712,360 | +11.4% |
| Equity | 10/15 | €2,364,814 | €2,536,080 | +€171,266 | +7.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €460,000 | €560,000 | +€100,000 | +21.7% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €450,000 | €550,000 | +€100,000 | +22.2% |
| Profit (loss) carried forward | 14 | €1,804,814 | €1,810,800 | +€5,986 | +0.3% |
| Investment grants | 15 | - | €65,280 | +€65,280 | |
| Amounts payable | 17/49 | €3,860,617 | €4,401,711 | +€541,094 | +14.0% |
| Amounts payable after more than one year | 17 | €2,810,718 | €3,217,878 | +€407,160 | +14.5% |
| Financial debts | 170/4 | €2,250,838 | €2,657,998 | +€407,160 | +18.1% |
| Other amounts payable | 178/9 | €559,880 | €559,880 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,031,899 | €1,112,775 | +€80,876 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | €334,313 | €512,195 | +€177,882 | +53.2% |
| Trade debts | 44 | €561,582 | €427,833 | -€133,749 | -23.8% |
| Suppliers | 440/4 | €561,582 | €427,833 | -€133,749 | -23.8% |
| Advances received on contracts in progress | 46 | €4,102 | €11,086 | +€6,984 | +170.3% |
| Taxes, remuneration and social security | 45 | €65,747 | €61,556 | -€4,191 | -6.4% |
| Taxes | 450/3 | €42,604 | €42,617 | +€13 | 0.0% |
| Remuneration and social security | 454/9 | €23,143 | €18,939 | -€4,204 | -18.2% |
| Other amounts payable | 47/48 | €66,155 | €100,105 | +€33,949 | +51.3% |
| Accrued charges and deferred income | 492/3 | €18,000 | €71,058 | +€53,058 | +294.8% |
| Remuneration, social security and pensions | 62 | €275,011 | €309,483 | +€34,472 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €591,988 | €703,019 | +€111,032 | +18.8% |
| Other operating charges | 640/8 | €49,777 | €40,584 | -€9,193 | -18.5% |
| Gross operating margin | 9900 | €1,091,515 | €937,925 | -€153,590 | -14.1% |
| Operating profit (loss) | 9901 | €174,740 | -€115,161 | -€289,901 | |
| Financial income | 75/76B | €140,295 | €343,967 | +€203,671 | +145.2% |
| Recurring financial income | 75 | €99,247 | €967 | -€98,280 | -99.0% |
| Non-recurring financial income | 76B | €41,048 | €342,999 | +€301,951 | +735.6% |
| Financial charges | 65/66B | €97,650 | €112,402 | +€14,752 | +15.1% |
| Recurring financial charges | 65 | €81,462 | €112,402 | +€30,940 | +38.0% |
| Non-recurring financial charges | 66B | €16,188 | - | -€16,188 | |
| Profit (loss) for the period before taxes | 9903 | €217,386 | €116,403 | -€100,982 | -46.5% |
| Income taxes | 67/77 | €16,785 | €10,417 | -€6,367 | -37.9% |
| Profit (loss) for the period | 9904 | €200,601 | €105,986 | -€94,615 | -47.2% |
| Profit (loss) for the period to be appropriated | 9905 | €200,601 | €105,986 | -€94,615 | -47.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.