ISAR VENTURES: 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.
ISAR VENTURES
Largest movements
- Cash -€221,255
down €221,255 (-88.8%), from €249,116 to €27,861
mainly Current investments (-€150,000) and Net result for the year (-€36,578)
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year +€29,115
up €29,115 (+961%), from €3,029 to €32,144
of which Other amounts receivable: +€17,816
- Profit (loss) carried forward -€36,578
down €36,578, from €25 to -€36,552
- Other debts -€3,530
no longer reported in 2025 (was €3,530)
- Gross operating margin -€125,884
down €125,884, from €90,293 to -€35,591
- Taxes -€24,261
down €24,261 (-99.2%), from €24,447 to €186
- Financial income +€1,014
up €1,014 (+1,150%), from €88 to €1,102
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.
Derived cash bridge
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 | €255,091 | €212,028 | -€43,063 | -16.9% |
| Fixed assets | 21/28 | €2,662 | €1,512 | -€1,150 | -43.2% |
| Tangible fixed assets | 22/27 | €2,662 | €1,512 | -€1,150 | -43.2% |
| Furniture and vehicles | 24 | €2,662 | €1,512 | -€1,150 | -43.2% |
| Current assets | 29/58 | €252,429 | €210,516 | -€41,913 | -16.6% |
| Amounts receivable within one year | 40/41 | €3,029 | €32,144 | +€29,115 | +961% |
| Trade receivables | 40 | - | €11,299 | +€11,299 | |
| Other amounts receivable | 41 | €3,029 | €20,845 | +€17,816 | +588% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €249,116 | €27,861 | -€221,255 | -88.8% |
| Deferred charges and accrued income | 490/1 | €284 | €511 | +€227 | +79.9% |
| Total equity and liabilities | 10/49 | €255,091 | €212,028 | -€43,063 | -16.9% |
| Equity | 10/15 | €240,481 | €203,904 | -€36,578 | -15.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €221,856 | €221,856 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €219,996 | €219,996 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25 | -€36,552 | -€36,578 | |
| Amounts payable | 17/49 | €14,610 | €8,124 | -€6,485 | -44.4% |
| Amounts payable within one year | 42/48 | €12,760 | €7,654 | -€5,106 | -40.0% |
| Trade debts | 44 | €101 | €776 | +€675 | +667% |
| Suppliers | 440/4 | €101 | €776 | +€675 | +667% |
| Taxes, remuneration and social security | 45 | €9,128 | €6,878 | -€2,250 | -24.7% |
| Taxes | 450/3 | €9,128 | €6,878 | -€2,250 | -24.7% |
| Other amounts payable | 47/48 | €3,530 | - | -€3,530 | |
| Accrued charges and deferred income | 492/3 | €1,850 | €470 | -€1,380 | -74.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,278 | €1,150 | -€129 | -10.1% |
| Other operating charges | 640/8 | €673 | €712 | +€40 | +5.9% |
| Gross operating margin | 9900 | €90,293 | -€35,591 | -€125,884 | |
| Operating profit (loss) | 9901 | €88,342 | -€37,453 | -€125,794 | |
| Financial income | 75/76B | €88 | €1,102 | +€1,014 | +1,150% |
| Recurring financial income | 75 | €88 | €1,102 | +€1,014 | +1,150% |
| Financial charges | 65/66B | €51 | €40 | -€10 | -20.0% |
| Recurring financial charges | 65 | €51 | €40 | -€10 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | €88,379 | -€36,391 | -€124,771 | |
| Income taxes | 67/77 | €24,447 | €186 | -€24,261 | -99.2% |
| Profit (loss) for the period | 9904 | €63,932 | -€36,578 | -€100,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €63,932 | -€36,578 | -€100,510 |
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 16 October 2026 via checked.be.