ISCOFUNDIS: 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.
ISCOFUNDIS
Largest movements
- Tangible fixed assets -€215,001
down €215,001 (-23.4%), from €918,700 to €703,699
of which Land and buildings: -€206,704
- Receivables within one year -€18,583
down €18,583 (-90.5%), from €20,532 to €1,949
of which Other amounts receivable: -€18,583
- Debts after one year -€197,804
down €197,804 (-34.6%), from €572,032 to €374,228
- Profit (loss) carried forward -€53,722
down €53,722 (-42.2%), from -€127,234 to -€180,956
- Trade debts +€17,454
up €17,454 (+54.1%), from €32,288 to €49,742
- Financial income -€19,430
down €19,430 (-88.6%), from €21,922 to €2,492
- Financial charges -€12,565
down €12,565 (-24.0%), from €52,391 to €39,826
- Depreciation -€7,709
down €7,709 (-13.1%), from €58,807 to €51,098
- Staff costs -€7,035
down €7,035 (-39.5%), from €17,792 to €10,757
- Other operating charges -€3,205
down €3,205 (-24.8%), from €12,935 to €9,730
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 | €941,583 | €709,316 | -€232,267 | -24.7% |
| Fixed assets | 21/28 | €919,500 | €704,499 | -€215,001 | -23.4% |
| Tangible fixed assets | 22/27 | €918,700 | €703,699 | -€215,001 | -23.4% |
| Land and buildings | 22 | €905,718 | €699,014 | -€206,704 | -22.8% |
| Plant, machinery and equipment | 23 | €7,317 | €3,288 | -€4,029 | -55.1% |
| Furniture and vehicles | 24 | €5,665 | €1,398 | -€4,267 | -75.3% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €22,084 | €4,817 | -€17,267 | -78.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €20,532 | €1,949 | -€18,583 | -90.5% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €20,532 | €1,949 | -€18,583 | -90.5% |
| Cash at bank and in hand | 54/58 | €1,552 | €1,573 | +€21 | +1.4% |
| Deferred charges and accrued income | 490/1 | €0 | €1,295 | +€1,295 | |
| Total equity and liabilities | 10/49 | €941,583 | €709,316 | -€232,267 | -24.7% |
| Equity | 10/15 | €122,784 | €69,061 | -€53,722 | -43.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,417 | €231,417 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €229,557 | €231,417 | +€1,860 | +0.8% |
| Profit (loss) carried forward | 14 | -€127,234 | -€180,956 | -€53,722 | -42.2% |
| Amounts payable | 17/49 | €818,800 | €640,255 | -€178,545 | -21.8% |
| Amounts payable after more than one year | 17 | €572,032 | €374,228 | -€197,804 | -34.6% |
| Financial debts | 170/4 | €572,032 | €374,228 | -€197,804 | -34.6% |
| Amounts payable within one year | 42/48 | €243,855 | €263,113 | +€19,259 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €55,962 | €51,116 | -€4,846 | -8.7% |
| Trade debts | 44 | €32,288 | €49,742 | +€17,454 | +54.1% |
| Suppliers | 440/4 | €32,288 | €49,742 | +€17,454 | +54.1% |
| Taxes, remuneration and social security | 45 | €2,240 | €2,135 | -€105 | -4.7% |
| Taxes | 450/3 | €1,985 | €2,135 | +€150 | +7.6% |
| Remuneration and social security | 454/9 | €256 | €0 | -€256 | -100% |
| Other amounts payable | 47/48 | €153,365 | €160,120 | +€6,755 | +4.4% |
| Accrued charges and deferred income | 492/3 | €2,913 | €2,913 | = | 0.0% |
| Non-recurring operating income | 76A | €22,062 | €1,097 | -€20,965 | -95.0% |
| Remuneration, social security and pensions | 62 | €17,792 | €10,757 | -€7,035 | -39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,807 | €51,098 | -€7,709 | -13.1% |
| Other operating charges | 640/8 | €12,935 | €9,730 | -€3,205 | -24.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €53,260 | €55,828 | +€2,568 | +4.8% |
| Operating profit (loss) | 9901 | -€36,273 | -€15,756 | +€20,517 | +56.6% |
| Financial income | 75/76B | €21,922 | €2,492 | -€19,430 | -88.6% |
| Recurring financial income | 75 | €21,922 | €2,492 | -€19,430 | -88.6% |
| Financial charges | 65/66B | €52,391 | €39,826 | -€12,565 | -24.0% |
| Recurring financial charges | 65 | €52,391 | €39,826 | -€12,565 | -24.0% |
| Profit (loss) for the period before taxes | 9903 | -€66,743 | -€53,091 | +€13,652 | +20.5% |
| Income taxes | 67/77 | €477 | €631 | +€154 | +32.3% |
| Profit (loss) for the period | 9904 | -€67,220 | -€53,722 | +€13,497 | +20.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€67,220 | -€53,722 | +€13,497 | +20.1% |
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 23 October 2026 via checked.be.