Isegrim: 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.
Isegrim
Largest movements
- Tangible fixed assets -€7,684
down €7,684 (-4.0%), from €191,179 to €183,496
of which Land and buildings: -€10,304
- Cash -€6,521
down €6,521 (-34.9%), from €18,703 to €12,182
mainly Debts after one year (-€19,639) and Investment in fixed assets (net) (-€10,054)
- Receivables within one year -€2,978
down €2,978 (-4.9%), from €61,234 to €58,256
of which Trade receivables: -€4,852
- Debts after one year -€19,639
down €19,639 (-15.5%), from €126,344 to €106,705
of which Financial debts: -€20,214
- Reserves +€4,994
up €4,994 (+16.7%), from €29,834 to €34,828
- Gross operating margin -€8,835
down €8,835 (-22.6%), from €39,068 to €30,233
- Taxes -€2,691
down €2,691 (-61.6%), from €4,371 to €1,680
- Depreciation +€933
up €933 (+5.5%), from €16,805 to €17,738
- Financial charges -€832
down €832 (-23.6%), from €3,526 to €2,695
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 | €272,089 | €254,943 | -€17,146 | -6.3% |
| Fixed assets | 21/28 | €191,179 | €183,496 | -€7,684 | -4.0% |
| Tangible fixed assets | 22/27 | €191,179 | €183,496 | -€7,684 | -4.0% |
| Land and buildings | 22 | €165,174 | €154,870 | -€10,304 | -6.2% |
| Plant, machinery and equipment | 23 | €26,005 | €28,625 | +€2,621 | +10.1% |
| Current assets | 29/58 | €80,910 | €71,448 | -€9,462 | -11.7% |
| Amounts receivable within one year | 40/41 | €61,234 | €58,256 | -€2,978 | -4.9% |
| Trade receivables | 40 | €7,321 | €2,468 | -€4,852 | -66.3% |
| Other amounts receivable | 41 | €53,913 | €55,788 | +€1,874 | +3.5% |
| Cash at bank and in hand | 54/58 | €18,703 | €12,182 | -€6,521 | -34.9% |
| Deferred charges and accrued income | 490/1 | €974 | €1,010 | +€37 | +3.8% |
| Total equity and liabilities | 10/49 | €272,089 | €254,943 | -€17,146 | -6.3% |
| Equity | 10/15 | €36,034 | €41,028 | +€4,994 | +13.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €29,834 | €34,828 | +€4,994 | +16.7% |
| Distributable reserves | 133 | €29,834 | €34,828 | +€4,994 | +16.7% |
| Amounts payable | 17/49 | €236,055 | €213,916 | -€22,140 | -9.4% |
| Amounts payable after more than one year | 17 | €126,344 | €106,705 | -€19,639 | -15.5% |
| Financial debts | 170/4 | €125,745 | €105,531 | -€20,214 | -16.1% |
| Other amounts payable | 178/9 | €599 | €1,174 | +€575 | +96.0% |
| Amounts payable within one year | 42/48 | €109,712 | €107,211 | -€2,501 | -2.3% |
| Current portion of amounts payable after more than one year | 42 | €20,834 | €20,214 | -€621 | -3.0% |
| Trade debts | 44 | €120 | €272 | +€152 | +126.5% |
| Suppliers | 440/4 | €120 | €272 | +€152 | +126.5% |
| Taxes, remuneration and social security | 45 | €7,115 | €4,792 | -€2,324 | -32.7% |
| Taxes | 450/3 | €7,115 | €4,792 | -€2,324 | -32.7% |
| Other amounts payable | 47/48 | €81,642 | €81,934 | +€292 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,805 | €17,738 | +€933 | +5.5% |
| Other operating charges | 640/8 | €2,816 | €3,127 | +€311 | +11.0% |
| Gross operating margin | 9900 | €39,068 | €30,233 | -€8,835 | -22.6% |
| Operating profit (loss) | 9901 | €19,447 | €9,369 | -€10,079 | -51.8% |
| Financial charges | 65/66B | €3,526 | €2,695 | -€832 | -23.6% |
| Recurring financial charges | 65 | €3,526 | €2,695 | -€832 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €15,921 | €6,674 | -€9,247 | -58.1% |
| Income taxes | 67/77 | €4,371 | €1,680 | -€2,691 | -61.6% |
| Profit (loss) for the period | 9904 | €11,550 | €4,994 | -€6,556 | -56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,550 | €4,994 | -€6,556 | -56.8% |
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 11 October 2026 via checked.be.