ISEA INVEST: 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.
ISEA INVEST
Largest movements
- Receivables within one year +€27,604
up €27,604 (+223%), from €12,396 to €40,000
of which Other amounts receivable: +€40,000
- Debts after one year -€102,219
down €102,219 (-18.4%), from €554,291 to €452,072
- Other debts +€88,424
up €88,424 (+501%), from €17,649 to €106,073
- Profit (loss) carried forward +€28,126
up €28,126 (+26.1%), from €107,615 to €135,742
- Accrued charges and deferred income +€17,670
up €17,670 (+88.8%), from €19,905 to €37,575
- Financial income -€90,000
down €90,000 (-69.2%), from €130,000 to €40,000
- Financial charges -€16,595
down €16,595 (-34.7%), from €47,876 to €31,281
- Gross operating margin -€7,648
down €7,648 (-27.7%), from €27,575 to €19,927
- Other operating charges -€1,564
down €1,564 (-75.1%), from €2,084 to €520
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 | €1,013,680 | €1,047,543 | +€33,863 | +3.3% |
| Fixed assets | 21/28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Financial fixed assets | 28 | €1,000,000 | €1,000,000 | = | 0.0% |
| Current assets | 29/58 | €13,680 | €47,543 | +€33,863 | +248% |
| Amounts receivable within one year | 40/41 | €12,396 | €40,000 | +€27,604 | +223% |
| Trade receivables | 40 | €12,396 | €0 | -€12,396 | -100% |
| Other amounts receivable | 41 | - | €40,000 | +€40,000 | |
| Cash at bank and in hand | 54/58 | €1,284 | €7,543 | +€6,259 | +487% |
| Total equity and liabilities | 10/49 | €1,013,680 | €1,047,543 | +€33,863 | +3.3% |
| Equity | 10/15 | €307,615 | €335,742 | +€28,126 | +9.1% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €107,615 | €135,742 | +€28,126 | +26.1% |
| Amounts payable | 17/49 | €706,065 | €711,801 | +€5,737 | +0.8% |
| Amounts payable after more than one year | 17 | €554,291 | €452,072 | -€102,219 | -18.4% |
| Financial debts | 170/4 | €554,291 | €452,072 | -€102,219 | -18.4% |
| Amounts payable within one year | 42/48 | €131,869 | €222,155 | +€90,286 | +68.5% |
| Current portion of amounts payable after more than one year | 42 | €106,172 | €110,553 | +€4,381 | +4.1% |
| Trade debts | 44 | €4,794 | €3,200 | -€1,594 | -33.3% |
| Suppliers | 440/4 | €4,794 | €3,200 | -€1,594 | -33.3% |
| Taxes, remuneration and social security | 45 | €3,253 | €2,329 | -€924 | -28.4% |
| Taxes | 450/3 | €3,253 | €2,329 | -€924 | -28.4% |
| Other amounts payable | 47/48 | €17,649 | €106,073 | +€88,424 | +501% |
| Accrued charges and deferred income | 492/3 | €19,905 | €37,575 | +€17,670 | +88.8% |
| Other operating charges | 640/8 | €2,084 | €520 | -€1,564 | -75.1% |
| Gross operating margin | 9900 | €27,575 | €19,927 | -€7,648 | -27.7% |
| Operating profit (loss) | 9901 | €25,491 | €19,407 | -€6,084 | -23.9% |
| Financial income | 75/76B | €130,000 | €40,000 | -€90,000 | -69.2% |
| Recurring financial income | 75 | €130,000 | €40,000 | -€90,000 | -69.2% |
| Financial charges | 65/66B | €47,876 | €31,281 | -€16,595 | -34.7% |
| Recurring financial charges | 65 | €47,876 | €31,281 | -€16,595 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €107,615 | €28,126 | -€79,489 | -73.9% |
| Profit (loss) for the period | 9904 | €107,615 | €28,126 | -€79,489 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,615 | €28,126 | -€79,489 | -73.9% |
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 24 October 2026 via checked.be.