ISCARAB: 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.
ISCARAB
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Tangible fixed assets +€71,906
up €71,906 (+66.9%), from €107,450 to €179,356
of which Furniture and vehicles: +€77,716
- Receivables within one year +€34,375
up €34,375 (+66.4%), from €51,788 to €86,163
of which Trade receivables: +€38,519
- Cash -€21,437
down €21,437 (-36.5%), from €58,736 to €37,299
mainly Contributions, distributions and other (-€282,249) and Investment in fixed assets (net) (-€88,967)
- Reserves -€176,560
down €176,560 (-74.7%), from €236,396 to €59,836
- Other debts +€102,405
up €102,405 (+722.7%), from €14,170 to €116,575
- Debts after one year +€42,127
up €42,127 (+145.6%), from €28,933 to €71,061
- Tax, wage and social debts +€9,517
up €9,517 (+251.3%), from €3,787 to €13,304
- Trade debts +€7,416
up €7,416 (+14278.3%), from €52 to €7,468
- Other operating charges -€25,764
down €25,764 (-96.1%), from €26,819 to €1,056
- Gross operating margin +€24,714
up €24,714 (+18.3%), from €134,934 to €159,649
- Taxes +€14,083
up €14,083 (+85.5%), from €16,480 to €30,563
- Depreciation -€4,973
down €4,973 (-22.6%), from €22,034 to €17,061
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 | €321,581 | €306,717 | -€14,864 | -4.6% |
| Fixed assets | 21/28 | €107,450 | €179,356 | +€71,906 | +66.9% |
| Tangible fixed assets | 22/27 | €107,450 | €179,356 | +€71,906 | +66.9% |
| Land and buildings | 22 | €85,799 | €79,989 | -€5,810 | -6.8% |
| Furniture and vehicles | 24 | €18,951 | €96,667 | +€77,716 | +410.1% |
| Other tangible fixed assets | 26 | €2,700 | €2,700 | = | 0.0% |
| Current assets | 29/58 | €214,131 | €127,361 | -€86,771 | -40.5% |
| Amounts receivable within one year | 40/41 | €51,788 | €86,163 | +€34,375 | +66.4% |
| Trade receivables | 40 | €46,769 | €85,288 | +€38,519 | +82.4% |
| Other amounts receivable | 41 | €5,020 | €875 | -€4,145 | -82.6% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €58,736 | €37,299 | -€21,437 | -36.5% |
| Deferred charges and accrued income | 490/1 | €3,607 | €3,899 | +€291 | +8.1% |
| Total equity and liabilities | 10/49 | €321,581 | €306,717 | -€14,864 | -4.6% |
| Equity | 10/15 | €254,996 | €78,436 | -€176,560 | -69.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €236,396 | €59,836 | -€176,560 | -74.7% |
| Distributable reserves | 133 | €236,396 | €59,836 | -€176,560 | -74.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €66,585 | €228,281 | +€161,695 | +242.8% |
| Amounts payable after more than one year | 17 | €28,933 | €71,061 | +€42,127 | +145.6% |
| Financial debts | 170/4 | €28,933 | €71,061 | +€42,127 | +145.6% |
| Amounts payable within one year | 42/48 | €37,652 | €157,220 | +€119,568 | +317.6% |
| Current portion of amounts payable after more than one year | 42 | €19,643 | €19,873 | +€230 | +1.2% |
| Trade debts | 44 | €52 | €7,468 | +€7,416 | +14278.3% |
| Suppliers | 440/4 | €52 | €7,468 | +€7,416 | +14278.3% |
| Taxes, remuneration and social security | 45 | €3,787 | €13,304 | +€9,517 | +251.3% |
| Taxes | 450/3 | €3,787 | €13,304 | +€9,517 | +251.3% |
| Other amounts payable | 47/48 | €14,170 | €116,575 | +€102,405 | +722.7% |
| Non-recurring operating income | 76A | - | €13,673 | +€13,673 | |
| Remuneration, social security and pensions | 62 | €4,119 | €5,317 | +€1,198 | +29.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,034 | €17,061 | -€4,973 | -22.6% |
| Other operating charges | 640/8 | €26,819 | €1,056 | -€25,764 | -96.1% |
| Gross operating margin | 9900 | €134,934 | €159,649 | +€24,714 | +18.3% |
| Operating profit (loss) | 9901 | €81,962 | €136,215 | +€54,253 | +66.2% |
| Financial income | 75/76B | €0 | €864 | +€864 | |
| Recurring financial income | 75 | €0 | €864 | +€864 | |
| Financial charges | 65/66B | €759 | €826 | +€67 | +8.9% |
| Recurring financial charges | 65 | €759 | €826 | +€67 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €81,203 | €136,253 | +€55,050 | +67.8% |
| Income taxes | 67/77 | €16,480 | €30,563 | +€14,083 | +85.5% |
| Profit (loss) for the period | 9904 | €64,722 | €105,689 | +€40,967 | +63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €64,722 | €105,689 | +€40,967 | +63.3% |
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 2 October 2026 via checked.be.