IsaVi: 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.
IsaVi
Largest movements
- Receivables within one year +€9,366
up €9,366 (+47.4%), from €19,762 to €29,128
of which Other amounts receivable: +€6,711
- Cash -€7,277
down €7,277 (-19.8%), from €36,684 to €29,407
mainly Receivables within one year (-€9,366) and Debts after one year (-€6,742)
- Tangible fixed assets -€6,291
down €6,291 (-22.9%), from €27,494 to €21,203
- Profit (loss) carried forward +€9,795
up €9,795 (+22.5%), from €43,495 to €53,290
- Debts after one year -€6,742
down €6,742 (-56.1%), from €12,018 to €5,275
- Tax, wage and social debts -€4,365
down €4,365 (-39.5%), from €11,062 to €6,697
- Other debts -€2,055
no longer reported in 2025 (was €2,055)
- Trade debts -€1,474
down €1,474 (-29.8%), from €4,950 to €3,475
- Depreciation +€4,037
up €4,037 (+139.7%), from €2,889 to €6,925
- Gross operating margin -€1,288
down €1,288 (-5.1%), from €25,266 to €23,978
- Financial charges +€1,138
up €1,138 (+123.4%), from €922 to €2,060
- Taxes -€838
down €838 (-14.1%), from €5,934 to €5,096
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 | €85,003 | €80,480 | -€4,523 | -5.3% |
| Fixed assets | 21/28 | €27,494 | €21,203 | -€6,291 | -22.9% |
| Tangible fixed assets | 22/27 | €27,494 | €21,203 | -€6,291 | -22.9% |
| Furniture and vehicles | 24 | €27,494 | €21,203 | -€6,291 | -22.9% |
| Current assets | 29/58 | €57,509 | €59,278 | +€1,768 | +3.1% |
| Amounts receivable within one year | 40/41 | €19,762 | €29,128 | +€9,366 | +47.4% |
| Trade receivables | 40 | €19,762 | €22,416 | +€2,654 | +13.4% |
| Other amounts receivable | 41 | - | €6,711 | +€6,711 | |
| Cash at bank and in hand | 54/58 | €36,684 | €29,407 | -€7,277 | -19.8% |
| Deferred charges and accrued income | 490/1 | €1,063 | €743 | -€320 | -30.1% |
| Total equity and liabilities | 10/49 | €85,003 | €80,480 | -€4,523 | -5.3% |
| Equity | 10/15 | €48,495 | €58,290 | +€9,795 | +20.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,495 | €53,290 | +€9,795 | +22.5% |
| Amounts payable | 17/49 | €36,508 | €22,190 | -€14,318 | -39.2% |
| Amounts payable after more than one year | 17 | €12,018 | €5,275 | -€6,742 | -56.1% |
| Financial debts | 170/4 | €12,018 | €5,275 | -€6,742 | -56.1% |
| Amounts payable within one year | 42/48 | €24,490 | €16,915 | -€7,575 | -30.9% |
| Current portion of amounts payable after more than one year | 42 | €6,424 | €6,742 | +€318 | +5.0% |
| Trade debts | 44 | €4,950 | €3,475 | -€1,474 | -29.8% |
| Suppliers | 440/4 | €4,950 | €3,475 | -€1,474 | -29.8% |
| Taxes, remuneration and social security | 45 | €11,062 | €6,697 | -€4,365 | -39.5% |
| Taxes | 450/3 | €11,062 | €6,697 | -€4,365 | -39.5% |
| Other amounts payable | 47/48 | €2,055 | - | -€2,055 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,889 | €6,925 | +€4,037 | +139.7% |
| Other operating charges | 640/8 | €34 | - | -€34 | |
| Non-recurring operating charges | 66A | - | €101 | +€101 | |
| Gross operating margin | 9900 | €25,266 | €23,978 | -€1,288 | -5.1% |
| Operating profit (loss) | 9901 | €22,344 | €16,952 | -€5,392 | -24.1% |
| Financial charges | 65/66B | €922 | €2,060 | +€1,138 | +123.4% |
| Recurring financial charges | 65 | €922 | €2,060 | +€1,138 | +123.4% |
| Profit (loss) for the period before taxes | 9903 | €21,421 | €14,891 | -€6,530 | -30.5% |
| Income taxes | 67/77 | €5,934 | €5,096 | -€838 | -14.1% |
| Profit (loss) for the period | 9904 | €15,487 | €9,795 | -€5,692 | -36.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,487 | €9,795 | -€5,692 | -36.8% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.