ISASTAGE: 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.
ISASTAGE
Largest movements
- Cash +€11,161
up €11,161 (+11.0%), from €101,146 to €112,307
mainly Net result for the year (+€31,683) and Depreciation (+€8,006)
- Receivables within one year -€7,255
down €7,255 (-99.9%), from €7,260 to €5
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€657
up €657 (+1.4%), from €48,170 to €48,827
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.
Derived cash bridge
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 | €408,304 | €409,611 | +€1,307 | +0.3% |
| Fixed assets | 21/28 | €298,505 | €295,956 | -€2,549 | -0.9% |
| Tangible fixed assets | 22/27 | €298,505 | €295,956 | -€2,549 | -0.9% |
| Land and buildings | 22 | €253,794 | €257,640 | +€3,846 | +1.5% |
| Plant, machinery and equipment | 23 | €44,711 | €36,991 | -€7,720 | -17.3% |
| Furniture and vehicles | 24 | - | €1,325 | +€1,325 | |
| Current assets | 29/58 | €109,798 | €113,655 | +€3,856 | +3.5% |
| Amounts receivable within one year | 40/41 | €7,260 | €5 | -€7,255 | -99.9% |
| Trade receivables | 40 | €7,260 | €5 | -€7,255 | -99.9% |
| Cash at bank and in hand | 54/58 | €101,146 | €112,307 | +€11,161 | +11.0% |
| Deferred charges and accrued income | 490/1 | €1,393 | €1,342 | -€50 | -3.6% |
| Total equity and liabilities | 10/49 | €408,304 | €409,611 | +€1,307 | +0.3% |
| Equity | 10/15 | €374,971 | €376,654 | +€1,683 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €312,971 | €314,654 | +€1,683 | +0.5% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €306,771 | €308,454 | +€1,683 | +0.5% |
| Amounts payable | 17/49 | €33,332 | €32,957 | -€376 | -1.1% |
| Amounts payable within one year | 42/48 | €33,332 | €32,957 | -€376 | -1.1% |
| Trade debts | 44 | €2,250 | €1,507 | -€743 | -33.0% |
| Suppliers | 440/4 | €2,250 | €1,507 | -€743 | -33.0% |
| Taxes, remuneration and social security | 45 | €913 | €1,280 | +€367 | +40.3% |
| Taxes | 450/3 | €913 | €1,280 | +€367 | +40.3% |
| Other amounts payable | 47/48 | €30,169 | €30,169 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,720 | €8,006 | +€286 | +3.7% |
| Other operating charges | 640/8 | €8,483 | €8,492 | +€9 | +0.1% |
| Gross operating margin | 9900 | €48,170 | €48,827 | +€657 | +1.4% |
| Operating profit (loss) | 9901 | €31,967 | €32,329 | +€363 | +1.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €42 | €180 | +€138 | +332% |
| Recurring financial charges | 65 | €42 | €180 | +€138 | +332% |
| Profit (loss) for the period before taxes | 9903 | €31,925 | €32,149 | +€225 | +0.7% |
| Income taxes | 67/77 | €525 | €467 | -€58 | -11.1% |
| Profit (loss) for the period | 9904 | €31,400 | €31,683 | +€283 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €31,400 | €31,683 | +€283 | +0.9% |
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 20 October 2026 via checked.be.