ISARA: 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.
ISARA
Largest movements
- Cash -€53,206
down €53,206 (-46.9%), from €113,458 to €60,252
mainly Net result for the year (-€24,395) and Tax, wage and social debts (-€17,401)
- Deferred charges and accrued income +€10,517
new in 2025: €10,517
- Profit (loss) carried forward -€24,395
down €24,395 (-433.2%), from -€5,631 to -€30,026
- Tax, wage and social debts -€17,401
down €17,401 (-82.7%), from €21,034 to €3,633
- Gross operating margin -€36,628
down €36,628, from €12,874 to -€23,753
- Taxes -€3,633
down €3,633 (-100.0%), from €3,633 to €0
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 | €114,609 | €72,879 | -€41,731 | -36.4% |
| Current assets | 29/58 | €114,609 | €72,879 | -€41,731 | -36.4% |
| Stocks and contracts in progress | 3 | €1,152 | €1,357 | +€205 | +17.8% |
| Stocks | 30/36 | €1,152 | €1,357 | +€205 | +17.8% |
| Amounts receivable within one year | 40/41 | €0 | €752 | +€752 | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | €752 | +€752 | |
| Cash at bank and in hand | 54/58 | €113,458 | €60,252 | -€53,206 | -46.9% |
| Deferred charges and accrued income | 490/1 | - | €10,517 | +€10,517 | |
| Total equity and liabilities | 10/49 | €114,609 | €72,879 | -€41,731 | -36.4% |
| Equity | 10/15 | €93,575 | €69,180 | -€24,395 | -26.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €80,614 | €80,614 | = | 0.0% |
| Distributable reserves | 133 | €80,614 | €80,614 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,631 | -€30,026 | -€24,395 | -433.2% |
| Amounts payable | 17/49 | €21,034 | €3,699 | -€17,336 | -82.4% |
| Amounts payable within one year | 42/48 | €21,034 | €3,699 | -€17,336 | -82.4% |
| Taxes, remuneration and social security | 45 | €21,034 | €3,633 | -€17,401 | -82.7% |
| Taxes | 450/3 | €21,034 | €3,633 | -€17,401 | -82.7% |
| Other amounts payable | 47/48 | - | €66 | +€66 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €12,874 | -€23,753 | -€36,628 | |
| Operating profit (loss) | 9901 | €12,369 | -€24,273 | -€36,642 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €143 | €122 | -€21 | -14.6% |
| Recurring financial charges | 65 | €143 | €122 | -€21 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €12,226 | -€24,395 | -€36,621 | |
| Income taxes | 67/77 | €3,633 | €0 | -€3,633 | -100.0% |
| Profit (loss) for the period | 9904 | €8,593 | -€24,395 | -€32,988 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,593 | -€24,395 | -€32,988 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.