ISAS CONSTRUCT: 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.
ISAS CONSTRUCT
Largest movements
- Stocks and contracts +€130,352
new in 2025: €130,352
- Tangible fixed assets +€28,706
up €28,706 (+113.2%), from €25,356 to €54,063
of which Leasing and similar rights: +€27,673
- Receivables within one year -€2,833
down €2,833 (-3.9%), from €72,027 to €69,194
of which Trade receivables: -€3,137
- Debts after one year +€151,623
new in 2025: €151,623
- Reserves +€22,400
up €22,400 (+67.9%), from €33,010 to €55,410
of which Distributable reserves: +€22,400
- Short-term financial debts -€11,357
down €11,357 (-45.4%), from €24,989 to €13,632
- Current portion of long-term debt -€5,443
down €5,443 (-39.4%), from €13,822 to €8,380
- Trade debts +€4,113
up €4,113 (+475.2%), from €865 to €4,978
- Gross operating margin +€9,600
up €9,600 (+28.5%), from €33,705 to €43,305
- Depreciation +€3,555
up €3,555 (+207.9%), from €1,710 to €5,265
- Financial charges +€2,475
up €2,475 (+66.5%), from €3,723 to €6,198
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 | €98,426 | €254,558 | +€156,131 | +158.6% |
| Fixed assets | 21/28 | €25,356 | €54,063 | +€28,706 | +113.2% |
| Tangible fixed assets | 22/27 | €25,356 | €54,063 | +€28,706 | +113.2% |
| Land and buildings | 22 | €23,976 | €22,743 | -€1,233 | -5.1% |
| Furniture and vehicles | 24 | €1,381 | €3,646 | +€2,265 | +164.1% |
| Leasing and similar rights | 25 | - | €27,673 | +€27,673 | |
| Current assets | 29/58 | €73,070 | €200,495 | +€127,425 | +174.4% |
| Stocks and contracts in progress | 3 | - | €130,352 | +€130,352 | |
| Stocks | 30/36 | - | €130,352 | +€130,352 | |
| Amounts receivable within one year | 40/41 | €72,027 | €69,194 | -€2,833 | -3.9% |
| Trade receivables | 40 | €70,860 | €67,723 | -€3,137 | -4.4% |
| Other amounts receivable | 41 | €1,167 | €1,471 | +€304 | +26.0% |
| Cash at bank and in hand | 54/58 | €73 | €20 | -€53 | -73.0% |
| Deferred charges and accrued income | 490/1 | €970 | €929 | -€40 | -4.2% |
| Total equity and liabilities | 10/49 | €98,426 | €254,558 | +€156,131 | +158.6% |
| Equity | 10/15 | €52,406 | €74,813 | +€22,407 | +42.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,010 | €55,410 | +€22,400 | +67.9% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €33,000 | €55,400 | +€22,400 | +67.9% |
| Profit (loss) carried forward | 14 | €796 | €803 | +€7 | +0.9% |
| Amounts payable | 17/49 | €46,020 | €179,744 | +€133,724 | +290.6% |
| Amounts payable after more than one year | 17 | - | €151,623 | +€151,623 | |
| Financial debts | 170/4 | - | €151,623 | +€151,623 | |
| Amounts payable within one year | 42/48 | €46,020 | €28,122 | -€17,898 | -38.9% |
| Current portion of amounts payable after more than one year | 42 | €13,822 | €8,380 | -€5,443 | -39.4% |
| Financial debts | 43 | €24,989 | €13,632 | -€11,357 | -45.4% |
| Credit institutions | 430/8 | €24,989 | €13,632 | -€11,357 | -45.4% |
| Trade debts | 44 | €865 | €4,978 | +€4,113 | +475.2% |
| Suppliers | 440/4 | €865 | €4,978 | +€4,113 | +475.2% |
| Taxes, remuneration and social security | 45 | €4,078 | €517 | -€3,561 | -87.3% |
| Taxes | 450/3 | €4,078 | €517 | -€3,561 | -87.3% |
| Other amounts payable | 47/48 | €2,265 | €615 | -€1,651 | -72.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,710 | €5,265 | +€3,555 | +207.9% |
| Other operating charges | 640/8 | €710 | €610 | -€99 | -14.0% |
| Gross operating margin | 9900 | €33,705 | €43,305 | +€9,600 | +28.5% |
| Operating profit (loss) | 9901 | €31,285 | €37,429 | +€6,144 | +19.6% |
| Financial income | 75/76B | €0 | €5 | +€5 | +4472.7% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +4472.7% |
| Financial charges | 65/66B | €3,723 | €6,198 | +€2,475 | +66.5% |
| Recurring financial charges | 65 | €3,723 | €6,198 | +€2,475 | +66.5% |
| Profit (loss) for the period before taxes | 9903 | €27,562 | €31,236 | +€3,674 | +13.3% |
| Income taxes | 67/77 | €9,133 | €8,829 | -€304 | -3.3% |
| Profit (loss) for the period | 9904 | €18,429 | €22,407 | +€3,978 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,429 | €22,407 | +€3,978 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.