ISERA: 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.
ISERA
Largest movements
- Tangible fixed assets -€18,215
down €18,215 (-25.8%), from €70,513 to €52,298
of which Furniture and vehicles: -€17,111
- Deferred charges and accrued income +€17,000
new in 2025: €17,000
- Cash -€15,885
down €15,885 (-49.0%), from €32,388 to €16,503
mainly Net result for the year (-€18,243) and Deferred charges and accrued income (-€17,000)
- Receivables within one year -€12,131
down €12,131 (-6.0%), from €202,091 to €189,960
of which Other amounts receivable: -€15,208
- Profit (loss) carried forward -€18,243
down €18,243 (-24.8%), from €73,510 to €55,267
- Debts after one year -€12,961
down €12,961 (-74.6%), from €17,373 to €4,412
- Gross operating margin -€33,965
down €33,965 (-78.4%), from €43,308 to €9,343
- Taxes -€6,677
down €6,677 (-100.0%), from €6,677 to €0
- Depreciation -€1,793
down €1,793 (-7.1%), from €25,323 to €23,529
- Staff costs +€1,256
new in 2025: €1,256
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 | €306,492 | €277,261 | -€29,232 | -9.5% |
| Fixed assets | 21/28 | €70,513 | €52,298 | -€18,215 | -25.8% |
| Tangible fixed assets | 22/27 | €70,513 | €52,298 | -€18,215 | -25.8% |
| Plant, machinery and equipment | 23 | €6,253 | €5,149 | -€1,104 | -17.7% |
| Furniture and vehicles | 24 | €64,260 | €47,149 | -€17,111 | -26.6% |
| Current assets | 29/58 | €235,979 | €224,963 | -€11,016 | -4.7% |
| Stocks and contracts in progress | 3 | €1,500 | €1,500 | = | 0.0% |
| Stocks | 30/36 | €1,500 | €1,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €202,091 | €189,960 | -€12,131 | -6.0% |
| Trade receivables | 40 | €7,940 | €11,017 | +€3,076 | +38.7% |
| Other amounts receivable | 41 | €194,151 | €178,943 | -€15,208 | -7.8% |
| Cash at bank and in hand | 54/58 | €32,388 | €16,503 | -€15,885 | -49.0% |
| Deferred charges and accrued income | 490/1 | - | €17,000 | +€17,000 | |
| Total equity and liabilities | 10/49 | €306,492 | €277,261 | -€29,232 | -9.5% |
| Equity | 10/15 | €270,170 | €251,927 | -€18,243 | -6.8% |
| Contributions | 10/11 | €56,600 | €56,600 | = | 0.0% |
| Reserves | 13 | €140,060 | €140,060 | = | 0.0% |
| Distributable reserves | 133 | €140,060 | €140,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,510 | €55,267 | -€18,243 | -24.8% |
| Amounts payable | 17/49 | €36,322 | €25,334 | -€10,988 | -30.3% |
| Amounts payable after more than one year | 17 | €17,373 | €4,412 | -€12,961 | -74.6% |
| Financial debts | 170/4 | €17,373 | €4,412 | -€12,961 | -74.6% |
| Amounts payable within one year | 42/48 | €18,949 | €20,922 | +€1,973 | +10.4% |
| Current portion of amounts payable after more than one year | 42 | €12,558 | €12,961 | +€403 | +3.2% |
| Trade debts | 44 | €5,554 | €6,218 | +€665 | +12.0% |
| Suppliers | 440/4 | €5,554 | €6,218 | +€665 | +12.0% |
| Taxes, remuneration and social security | 45 | €837 | €1,653 | +€816 | +97.5% |
| Taxes | 450/3 | €837 | €1,653 | +€816 | +97.5% |
| Other amounts payable | 47/48 | - | €90 | +€90 | |
| Remuneration, social security and pensions | 62 | - | €1,256 | +€1,256 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,323 | €23,529 | -€1,793 | -7.1% |
| Other operating charges | 640/8 | €1,623 | €1,681 | +€58 | +3.6% |
| Gross operating margin | 9900 | €43,308 | €9,343 | -€33,965 | -78.4% |
| Operating profit (loss) | 9901 | €16,362 | -€17,123 | -€33,485 | |
| Financial charges | 65/66B | €1,283 | €1,120 | -€163 | -12.7% |
| Recurring financial charges | 65 | €1,283 | €1,120 | -€163 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | €15,079 | -€18,243 | -€33,323 | |
| Income taxes | 67/77 | €6,677 | €0 | -€6,677 | -100.0% |
| Profit (loss) for the period | 9904 | €8,402 | -€18,243 | -€26,646 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,402 | -€18,243 | -€26,646 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.