ISARC: 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.
ISARC
Largest movements
- Cash +€29,290
up €29,290 (+31.1%), from €94,305 to €123,595
mainly Trade debts (+€37,640) and Net result for the year (+€24,989)
- Current investments +€15,903
up €15,903 (+11.6%), from €137,342 to €153,244
- Deferred charges and accrued income +€8,869
up €8,869 (+40.5%), from €21,881 to €30,750
- Tangible fixed assets -€8,769
down €8,769 (-24.3%), from €36,050 to €27,281
- Trade debts +€37,640
up €37,640 (+1327.0%), from €2,837 to €40,477
- Other debts +€11,887
up €11,887 (+40.4%), from €29,442 to €41,328
- Reserves +€10,833
up €10,833 (+5.3%), from €203,050 to €213,883
of which Distributable reserves: +€12,688
- Debts after one year -€10,688
down €10,688 (-65.9%), from €16,213 to €5,525
- Tax, wage and social debts -€8,659
down €8,659 (-39.2%), from €22,086 to €13,427
- Financial charges +€40,470
up €40,470 (+3579.0%), from €1,131 to €41,601
- Other operating charges -€35,105
down €35,105 (-99.7%), from €35,203 to €98
- Gross operating margin -€15,845
down €15,845 (-14.4%), from €109,779 to €93,934
- Taxes -€2,471
down €2,471 (-10.9%), from €22,627 to €20,155
- Depreciation +€2,227
up €2,227 (+34.0%), from €6,541 to €8,769
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €308,357 | €351,889 | +€43,532 | +14.1% |
| Fixed assets | 21/28 | €36,050 | €27,281 | -€8,769 | -24.3% |
| Tangible fixed assets | 22/27 | €36,050 | €27,281 | -€8,769 | -24.3% |
| Furniture and vehicles | 24 | €36,050 | €27,281 | -€8,769 | -24.3% |
| Current assets | 29/58 | €272,307 | €324,608 | +€52,301 | +19.2% |
| Amounts receivable within one year | 40/41 | €18,780 | €17,019 | -€1,761 | -9.4% |
| Trade receivables | 40 | €18,779 | €17,019 | -€1,761 | -9.4% |
| Other amounts receivable | 41 | €1 | - | -€1 | |
| Current investments | 50/53 | €137,342 | €153,244 | +€15,903 | +11.6% |
| Cash at bank and in hand | 54/58 | €94,305 | €123,595 | +€29,290 | +31.1% |
| Deferred charges and accrued income | 490/1 | €21,881 | €30,750 | +€8,869 | +40.5% |
| Total equity and liabilities | 10/49 | €308,357 | €351,889 | +€43,532 | +14.1% |
| Equity | 10/15 | €227,415 | €240,404 | +€12,989 | +5.7% |
| Contributions | 10/11 | €6,200 | €8,055 | +€1,855 | +29.9% |
| Reserves | 13 | €203,050 | €213,883 | +€10,833 | +5.3% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Tax-exempt reserves | 132 | €59,045 | €59,045 | = | 0.0% |
| Distributable reserves | 133 | €142,150 | €154,838 | +€12,688 | +8.9% |
| Profit (loss) carried forward | 14 | €18,165 | €18,466 | +€301 | +1.7% |
| Amounts payable | 17/49 | €80,942 | €111,485 | +€30,543 | +37.7% |
| Amounts payable after more than one year | 17 | €16,213 | €5,525 | -€10,688 | -65.9% |
| Financial debts | 170/4 | €16,213 | €5,525 | -€10,688 | -65.9% |
| Amounts payable within one year | 42/48 | €64,586 | €105,920 | +€41,333 | +64.0% |
| Current portion of amounts payable after more than one year | 42 | €10,222 | €10,688 | +€465 | +4.6% |
| Trade debts | 44 | €2,837 | €40,477 | +€37,640 | +1327.0% |
| Suppliers | 440/4 | €2,837 | €40,477 | +€37,640 | +1327.0% |
| Taxes, remuneration and social security | 45 | €22,086 | €13,427 | -€8,659 | -39.2% |
| Taxes | 450/3 | €22,086 | €13,427 | -€8,659 | -39.2% |
| Other amounts payable | 47/48 | €29,442 | €41,328 | +€11,887 | +40.4% |
| Accrued charges and deferred income | 492/3 | €142 | €40 | -€102 | -71.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,541 | €8,769 | +€2,227 | +34.0% |
| Other operating charges | 640/8 | €35,203 | €98 | -€35,105 | -99.7% |
| Gross operating margin | 9900 | €109,779 | €93,934 | -€15,845 | -14.4% |
| Operating profit (loss) | 9901 | €68,035 | €85,068 | +€17,033 | +25.0% |
| Financial income | 75/76B | €1,615 | €1,677 | +€62 | +3.9% |
| Recurring financial income | 75 | €1,615 | €1,677 | +€62 | +3.9% |
| Financial charges | 65/66B | €1,131 | €41,601 | +€40,470 | +3579.0% |
| Recurring financial charges | 65 | €1,131 | €41,601 | +€40,470 | +3579.0% |
| Profit (loss) for the period before taxes | 9903 | €68,519 | €45,144 | -€23,374 | -34.1% |
| Income taxes | 67/77 | €22,627 | €20,155 | -€2,471 | -10.9% |
| Profit (loss) for the period | 9904 | €45,892 | €24,989 | -€20,903 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €45,892 | €24,989 | -€20,903 | -45.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.