ISELCO: 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.
ISELCO
Largest movements
- Receivables within one year +€11,706
up €11,706 (+2511.2%), from €466 to €12,172
of which Trade receivables: +€12,172
- Tangible fixed assets -€1,798
down €1,798 (-24.9%), from €7,226 to €5,428
- Tax, wage and social debts +€5,996
up €5,996 (+545.2%), from €1,100 to €7,096
- Other debts +€2,680
up €2,680 (+3.7%), from €72,608 to €75,288
- Profit (loss) carried forward +€1,935
up €1,935 (+3.3%), from -€58,172 to -€56,236
- Trade debts -€621
down €621 (-46.2%), from €1,344 to €723
- Gross operating margin +€61,742
up €61,742, from -€56,017 to €5,725
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 | €21,880 | €31,871 | +€9,991 | +45.7% |
| Fixed assets | 21/28 | €7,226 | €5,428 | -€1,798 | -24.9% |
| Tangible fixed assets | 22/27 | €7,226 | €5,428 | -€1,798 | -24.9% |
| Furniture and vehicles | 24 | €7,226 | €5,428 | -€1,798 | -24.9% |
| Current assets | 29/58 | €14,654 | €26,442 | +€11,789 | +80.4% |
| Amounts receivable within one year | 40/41 | €466 | €12,172 | +€11,706 | +2511.2% |
| Trade receivables | 40 | - | €12,172 | +€12,172 | |
| Other amounts receivable | 41 | €466 | - | -€466 | |
| Cash at bank and in hand | 54/58 | €14,187 | €14,270 | +€83 | +0.6% |
| Total equity and liabilities | 10/49 | €21,880 | €31,871 | +€9,991 | +45.7% |
| Equity | 10/15 | -€53,172 | -€51,236 | +€1,935 | +3.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Outside capital | 11 | - | €5,000 | +€5,000 | |
| Other | 1109/19 | - | €5,000 | +€5,000 | |
| Profit (loss) carried forward | 14 | -€58,172 | -€56,236 | +€1,935 | +3.3% |
| Amounts payable | 17/49 | €75,051 | €83,107 | +€8,055 | +10.7% |
| Amounts payable within one year | 42/48 | €75,051 | €83,107 | +€8,055 | +10.7% |
| Trade debts | 44 | €1,344 | €723 | -€621 | -46.2% |
| Suppliers | 440/4 | €1,344 | €723 | -€621 | -46.2% |
| Taxes, remuneration and social security | 45 | €1,100 | €7,096 | +€5,996 | +545.2% |
| Taxes | 450/3 | €1,100 | €7,096 | +€5,996 | +545.2% |
| Other amounts payable | 47/48 | €72,608 | €75,288 | +€2,680 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,913 | €2,896 | -€17 | -0.6% |
| Other operating charges | 640/8 | €875 | €716 | -€159 | -18.1% |
| Gross operating margin | 9900 | -€56,017 | €5,725 | +€61,742 | |
| Operating profit (loss) | 9901 | -€59,805 | €2,113 | +€61,918 | |
| Financial charges | 65/66B | €69 | €75 | +€6 | +9.3% |
| Recurring financial charges | 65 | €69 | €75 | +€6 | +9.3% |
| Profit (loss) for the period before taxes | 9903 | -€59,874 | €2,037 | +€61,912 | |
| Income taxes | 67/77 | €197 | €102 | -€95 | -48.2% |
| Profit (loss) for the period | 9904 | -€60,072 | €1,935 | +€62,007 | |
| Profit (loss) for the period to be appropriated | 9905 | -€60,072 | €1,935 | +€62,007 |
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.