ISATIS FINE ARTS: 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.
ISATIS FINE ARTS
Largest movements
- Stocks and contracts +€203,808
up €203,808 (+19.2%), from €1.1m to €1.3m
- Receivables within one year +€62,387
up €62,387 (+39.7%), from €157,342 to €219,729
of which Trade receivables: +€52,300
- Other debts +€220,000
up €220,000 (+259%), from €84,835 to €304,835
- Trade debts +€45,762
up €45,762 (+19.9%), from €229,832 to €275,594
- Gross operating margin -€19,782
down €19,782, from €16,837 to -€2,946
- Taxes -€3,857
down €3,857 (-97.4%), from €3,959 to €102
- Financial income +€432
up €432 (+151%), from €285 to €718
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.
Derived cash bridge
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 | €1,246,820 | €1,508,959 | +€262,139 | +21.0% |
| Current assets | 29/58 | €1,246,820 | €1,508,959 | +€262,139 | +21.0% |
| Stocks and contracts in progress | 3 | €1,060,334 | €1,264,141 | +€203,808 | +19.2% |
| Stocks | 30/36 | €1,060,334 | €1,264,141 | +€203,808 | +19.2% |
| Amounts receivable within one year | 40/41 | €157,342 | €219,729 | +€62,387 | +39.7% |
| Trade receivables | 40 | €140,750 | €193,050 | +€52,300 | +37.2% |
| Other amounts receivable | 41 | €16,592 | €26,679 | +€10,087 | +60.8% |
| Cash at bank and in hand | 54/58 | €28,768 | €24,687 | -€4,081 | -14.2% |
| Deferred charges and accrued income | 490/1 | €376 | €401 | +€25 | +6.6% |
| Total equity and liabilities | 10/49 | €1,246,820 | €1,508,959 | +€262,139 | +21.0% |
| Equity | 10/15 | €928,180 | €924,791 | -€3,389 | -0.4% |
| Contributions | 10/11 | €900,000 | €900,000 | = | 0.0% |
| Reserves | 13 | €282 | €282 | = | 0.0% |
| Non-distributable reserves | 130/1 | €282 | €282 | = | 0.0% |
| Reserves not available under the articles | 1311 | €282 | €282 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,898 | €24,509 | -€3,389 | -12.1% |
| Amounts payable | 17/49 | €318,640 | €584,168 | +€265,528 | +83.3% |
| Amounts payable within one year | 42/48 | €318,640 | €584,168 | +€265,528 | +83.3% |
| Trade debts | 44 | €229,832 | €275,594 | +€45,762 | +19.9% |
| Suppliers | 440/4 | €229,832 | €275,594 | +€45,762 | +19.9% |
| Taxes, remuneration and social security | 45 | €3,973 | €3,739 | -€234 | -5.9% |
| Taxes | 450/3 | €3,973 | €3,739 | -€234 | -5.9% |
| Other amounts payable | 47/48 | €84,835 | €304,835 | +€220,000 | +259% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Gross operating margin | 9900 | €16,837 | -€2,946 | -€19,782 | |
| Operating profit (loss) | 9901 | €15,869 | -€3,944 | -€19,813 | |
| Financial income | 75/76B | €285 | €718 | +€432 | +151% |
| Recurring financial income | 75 | €285 | €718 | +€432 | +151% |
| Financial charges | 65/66B | €74 | €60 | -€14 | -18.9% |
| Recurring financial charges | 65 | €74 | €60 | -€14 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €16,080 | -€3,287 | -€19,367 | |
| Income taxes | 67/77 | €3,959 | €102 | -€3,857 | -97.4% |
| Profit (loss) for the period | 9904 | €12,122 | -€3,389 | -€15,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,122 | -€3,389 | -€15,510 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.