ISETTA: 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.
ISETTA
Largest movements
- Tangible fixed assets -€26,693
down €26,693 (-6.9%), from €386,886 to €360,194
of which Land and buildings: -€24,306
- Debts after one year -€48,856
down €48,856 (-36.6%), from €133,531 to €84,676
- Other debts +€22,739
up €22,739 (+66.4%), from €34,242 to €56,981
- Tax, wage and social debts -€10,480
down €10,480 (-42.5%), from €24,681 to €14,201
of which Remuneration and social security: -€10,006
- Reserves +€9,688
up €9,688 (+15.3%), from €63,371 to €73,059
of which Distributable reserves: +€9,688
- Gross operating margin -€8,044
down €8,044 (-11.5%), from €70,001 to €61,957
- Financial charges +€3,706
up €3,706 (+61.8%), from €5,994 to €9,700
- Depreciation -€2,579
down €2,579 (-8.2%), from €31,510 to €28,932
- Taxes +€1,404
up €1,404 (+15.1%), from €9,298 to €10,702
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €398,597 | €371,552 | -€27,045 | -6.8% |
| Fixed assets | 21/28 | €386,886 | €360,194 | -€26,693 | -6.9% |
| Tangible fixed assets | 22/27 | €386,886 | €360,194 | -€26,693 | -6.9% |
| Land and buildings | 22 | €381,576 | €357,270 | -€24,306 | -6.4% |
| Plant, machinery and equipment | 23 | €0 | €1,844 | +€1,844 | |
| Furniture and vehicles | 24 | €3,872 | €0 | -€3,872 | -100% |
| Other tangible fixed assets | 26 | €1,439 | €1,079 | -€360 | -25.0% |
| Current assets | 29/58 | €11,711 | €11,359 | -€352 | -3.0% |
| Amounts receivable within one year | 40/41 | €11,495 | €11,132 | -€363 | -3.2% |
| Trade receivables | 40 | €11,495 | €11,132 | -€363 | -3.2% |
| Deferred charges and accrued income | 490/1 | €216 | €227 | +€11 | +5.0% |
| Total equity and liabilities | 10/49 | €398,597 | €371,552 | -€27,045 | -6.8% |
| Equity | 10/15 | €146,611 | €156,299 | +€9,688 | +6.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €63,371 | €73,059 | +€9,688 | +15.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,517 | €27,517 | = | 0.0% |
| Distributable reserves | 133 | €33,994 | €43,682 | +€9,688 | +28.5% |
| Profit (loss) carried forward | 14 | €64,640 | €64,640 | = | 0.0% |
| Amounts payable | 17/49 | €251,986 | €215,254 | -€36,733 | -14.6% |
| Amounts payable after more than one year | 17 | €133,531 | €84,676 | -€48,856 | -36.6% |
| Financial debts | 170/4 | €133,531 | €84,676 | -€48,856 | -36.6% |
| Amounts payable within one year | 42/48 | €118,455 | €130,578 | +€12,123 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €47,934 | €48,856 | +€922 | +1.9% |
| Financial debts | 43 | €4,889 | €3,964 | -€924 | -18.9% |
| Credit institutions | 430/8 | €4,889 | €3,964 | -€924 | -18.9% |
| Trade debts | 44 | €6,710 | €6,577 | -€133 | -2.0% |
| Suppliers | 440/4 | €6,710 | €6,577 | -€133 | -2.0% |
| Taxes, remuneration and social security | 45 | €24,681 | €14,201 | -€10,480 | -42.5% |
| Taxes | 450/3 | €14,674 | €14,201 | -€474 | -3.2% |
| Remuneration and social security | 454/9 | €10,006 | €0 | -€10,006 | -100% |
| Other amounts payable | 47/48 | €34,242 | €56,981 | +€22,739 | +66.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,510 | €28,932 | -€2,579 | -8.2% |
| Other operating charges | 640/8 | €2,844 | €2,936 | +€92 | +3.2% |
| Gross operating margin | 9900 | €70,001 | €61,957 | -€8,044 | -11.5% |
| Operating profit (loss) | 9901 | €35,647 | €30,089 | -€5,557 | -15.6% |
| Financial income | 75/76B | €1 | €0 | -€0 | -46.4% |
| Recurring financial income | 75 | €1 | €0 | -€0 | -46.4% |
| Financial charges | 65/66B | €5,994 | €9,700 | +€3,706 | +61.8% |
| Recurring financial charges | 65 | €5,994 | €9,700 | +€3,706 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €29,653 | €20,389 | -€9,264 | -31.2% |
| Income taxes | 67/77 | €9,298 | €10,702 | +€1,404 | +15.1% |
| Profit (loss) for the period | 9904 | €20,356 | €9,688 | -€10,668 | -52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,356 | €9,688 | -€10,668 | -52.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.