ISCA: 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.
ISCA
Largest movements
- Tangible fixed assets -€47,691
down €47,691 (-2.1%), from €2.3m to €2.3m
of which Land and buildings: -€45,971
- Reserves -€500,000
down €500,000 (-24.9%), from €2.0m to €1.5m
of which Distributable reserves: -€500,000
- Profit (loss) carried forward +€471,572
up €471,572, from -€69,644 to €401,928
- Other debts -€37,261
down €37,261 (-11.2%), from €332,945 to €295,683
- Other operating charges +€2,159
up €2,159 (+79.8%), from €2,705 to €4,864
- Depreciation -€446
down €446 (-0.9%), from €48,136 to €47,691
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 | €2,431,500 | €2,365,812 | -€65,689 | -2.7% |
| Fixed assets | 21/28 | €2,404,323 | €2,356,633 | -€47,691 | -2.0% |
| Tangible fixed assets | 22/27 | €2,319,523 | €2,271,833 | -€47,691 | -2.1% |
| Land and buildings | 22 | €2,308,988 | €2,263,017 | -€45,971 | -2.0% |
| Plant, machinery and equipment | 23 | €10,535 | €8,816 | -€1,720 | -16.3% |
| Financial fixed assets | 28 | €84,800 | €84,800 | = | 0.0% |
| Current assets | 29/58 | €27,177 | €9,179 | -€17,998 | -66.2% |
| Cash at bank and in hand | 54/58 | €25,608 | €7,545 | -€18,063 | -70.5% |
| Deferred charges and accrued income | 490/1 | €1,569 | €1,634 | +€64 | +4.1% |
| Total equity and liabilities | 10/49 | €2,431,500 | €2,365,812 | -€65,689 | -2.7% |
| Equity | 10/15 | €1,998,556 | €1,970,128 | -€28,428 | -1.4% |
| 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 | €2,006,200 | €1,506,200 | -€500,000 | -24.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €2,000,000 | €1,500,000 | -€500,000 | -25.0% |
| Profit (loss) carried forward | 14 | -€69,644 | €401,928 | +€471,572 | |
| Amounts payable | 17/49 | €432,945 | €395,683 | -€37,261 | -8.6% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €332,945 | €295,683 | -€37,261 | -11.2% |
| Other amounts payable | 47/48 | €332,945 | €295,683 | -€37,261 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,136 | €47,691 | -€446 | -0.9% |
| Other operating charges | 640/8 | €2,705 | €4,864 | +€2,159 | +79.8% |
| Gross operating margin | 9900 | €24,029 | €24,257 | +€228 | +0.9% |
| Operating profit (loss) | 9901 | -€26,813 | -€28,298 | -€1,485 | -5.5% |
| Financial charges | 65/66B | €101 | €130 | +€29 | +28.3% |
| Recurring financial charges | 65 | €101 | €130 | +€29 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,914 | -€28,428 | -€1,514 | -5.6% |
| Profit (loss) for the period | 9904 | -€26,914 | -€28,428 | -€1,514 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,914 | -€28,428 | -€1,514 | -5.6% |
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 1 October 2026 via checked.be.