ISARA: 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.
ISARA
Largest movements
- Financial fixed assets -€413,478
down €413,478 (-34.5%), from €1.2m to €785,060
- Reserves -€477,703
down €477,703 (-76.7%), from €622,828 to €145,125
- Tax, wage and social debts +€47,998
up €47,998 (+554.4%), from €8,658 to €56,656
- Other debts +€18,173
up €18,173 (+15.9%), from €114,300 to €132,473
- Financial income +€135,564
up €135,564 (+262.0%), from €51,739 to €187,303
- Taxes +€42,872
up €42,872 (+121.0%), from €35,423 to €78,296
- Gross operating margin -€11,738
down €11,738 (-14.0%), from €83,913 to €72,174
- Financial charges -€3,497
down €3,497 (-5.1%), from €67,911 to €64,414
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,246,661 | €831,285 | -€415,376 | -33.3% |
| Fixed assets | 21/28 | €1,198,538 | €785,060 | -€413,478 | -34.5% |
| Financial fixed assets | 28 | €1,198,538 | €785,060 | -€413,478 | -34.5% |
| Current assets | 29/58 | €48,123 | €46,225 | -€1,898 | -3.9% |
| Stocks and contracts in progress | 3 | €1,905 | €1,843 | -€63 | -3.3% |
| Stocks | 30/36 | €1,905 | €1,843 | -€63 | -3.3% |
| Amounts receivable within one year | 40/41 | €12,340 | €13,486 | +€1,146 | +9.3% |
| Trade receivables | 40 | €12,340 | €13,486 | +€1,146 | +9.3% |
| Cash at bank and in hand | 54/58 | €33,878 | €30,896 | -€2,981 | -8.8% |
| Total equity and liabilities | 10/49 | €1,246,661 | €831,285 | -€415,376 | -33.3% |
| Equity | 10/15 | €1,081,724 | €604,022 | -€477,703 | -44.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €622,828 | €145,125 | -€477,703 | -76.7% |
| Distributable reserves | 133 | €622,828 | €145,125 | -€477,703 | -76.7% |
| Profit (loss) carried forward | 14 | €440,346 | €440,346 | = | 0.0% |
| Amounts payable | 17/49 | €164,936 | €227,263 | +€62,327 | +37.8% |
| Amounts payable within one year | 42/48 | €123,769 | €190,355 | +€66,587 | +53.8% |
| Trade debts | 44 | €811 | €1,226 | +€415 | +51.2% |
| Suppliers | 440/4 | €811 | €1,226 | +€415 | +51.2% |
| Taxes, remuneration and social security | 45 | €8,658 | €56,656 | +€47,998 | +554.4% |
| Taxes | 450/3 | €8,658 | €56,656 | +€47,998 | +554.4% |
| Other amounts payable | 47/48 | €114,300 | €132,473 | +€18,173 | +15.9% |
| Accrued charges and deferred income | 492/3 | €41,168 | €36,908 | -€4,260 | -10.3% |
| Other operating charges | 640/8 | €2,924 | €2,890 | -€34 | -1.2% |
| Gross operating margin | 9900 | €83,913 | €72,174 | -€11,738 | -14.0% |
| Operating profit (loss) | 9901 | €80,989 | €69,284 | -€11,704 | -14.5% |
| Financial income | 75/76B | €51,739 | €187,303 | +€135,564 | +262.0% |
| Recurring financial income | 75 | €51,739 | €187,303 | +€135,564 | +262.0% |
| Financial charges | 65/66B | €67,911 | €64,414 | -€3,497 | -5.1% |
| Recurring financial charges | 65 | €67,911 | €64,414 | -€3,497 | -5.1% |
| Profit (loss) for the period before taxes | 9903 | €64,817 | €192,173 | +€127,356 | +196.5% |
| Income taxes | 67/77 | €35,423 | €78,296 | +€42,872 | +121.0% |
| Profit (loss) for the period | 9904 | €29,393 | €113,877 | +€84,484 | +287.4% |
| Profit (loss) for the period to be appropriated | 9905 | €29,393 | €113,877 | +€84,484 | +287.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.