ISAVER: 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.
ISAVER
Largest movements
- Tangible fixed assets -€4,689
down €4,689 (-8.0%), from €58,586 to €53,897
of which Other tangible fixed assets: -€2,784
- Cash -€613
down €613 (-46.8%), from €1,312 to €698
mainly Debts after one year (-€11,245) and Current portion of long-term debt (-€3,190)
- Debts after one year -€11,245
no longer reported in 2025 (was €11,245)
- Other debts +€9,306
up €9,306 (+132.0%), from €7,050 to €16,355
- Current portion of long-term debt -€3,190
down €3,190 (-20.4%), from €15,664 to €12,474
- Gross operating margin -€942
down €942 (-13.2%), from €7,160 to €6,217
- Financial charges -€606
down €606 (-40.9%), from €1,480 to €874
- Other operating charges +€162
up €162 (+17.1%), from €943 to €1,105
- Financial income -€144
no longer reported in 2025 (was €144)
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 | €60,223 | €54,595 | -€5,628 | -9.3% |
| Fixed assets | 21/28 | €58,586 | €53,897 | -€4,689 | -8.0% |
| Tangible fixed assets | 22/27 | €58,586 | €53,897 | -€4,689 | -8.0% |
| Land and buildings | 22 | €38,495 | €36,590 | -€1,905 | -4.9% |
| Other tangible fixed assets | 26 | €20,091 | €17,307 | -€2,784 | -13.9% |
| Current assets | 29/58 | €1,637 | €698 | -€939 | -57.3% |
| Amounts receivable within one year | 40/41 | €181 | - | -€181 | |
| Other amounts receivable | 41 | €181 | - | -€181 | |
| Cash at bank and in hand | 54/58 | €1,312 | €698 | -€613 | -46.8% |
| Deferred charges and accrued income | 490/1 | €144 | - | -€144 | |
| Total equity and liabilities | 10/49 | €60,223 | €54,595 | -€5,628 | -9.3% |
| Equity | 10/15 | €26,176 | €25,725 | -€451 | -1.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €42,600 | €42,600 | = | 0.0% |
| Distributable reserves | 133 | €42,600 | €42,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,424 | -€41,875 | -€451 | -1.1% |
| Amounts payable | 17/49 | €34,047 | €28,870 | -€5,177 | -15.2% |
| Amounts payable after more than one year | 17 | €11,245 | - | -€11,245 | |
| Financial debts | 170/4 | €11,245 | - | -€11,245 | |
| Amounts payable within one year | 42/48 | €22,713 | €28,829 | +€6,116 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €15,664 | €12,474 | -€3,190 | -20.4% |
| Other amounts payable | 47/48 | €7,050 | €16,355 | +€9,306 | +132.0% |
| Accrued charges and deferred income | 492/3 | €89 | €41 | -€48 | -53.6% |
| Non-recurring operating income | 76A | €2,800 | - | -€2,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,689 | €4,689 | = | 0.0% |
| Other operating charges | 640/8 | €943 | €1,105 | +€162 | +17.1% |
| Gross operating margin | 9900 | €7,160 | €6,217 | -€942 | -13.2% |
| Operating profit (loss) | 9901 | €1,527 | €423 | -€1,104 | -72.3% |
| Financial income | 75/76B | €144 | - | -€144 | |
| Recurring financial income | 75 | €144 | - | -€144 | |
| Financial charges | 65/66B | €1,480 | €874 | -€606 | -40.9% |
| Recurring financial charges | 65 | €1,480 | €874 | -€606 | -40.9% |
| Profit (loss) for the period before taxes | 9903 | €191 | -€451 | -€642 | |
| Income taxes | 67/77 | €19 | - | -€19 | |
| Profit (loss) for the period | 9904 | €172 | -€451 | -€623 | |
| Profit (loss) for the period to be appropriated | 9905 | €172 | -€451 | -€623 |
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 11 October 2026 via checked.be.