ISEVA: 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.
ISEVA
Largest movements
- Cash +€18,168
up €18,168 (+30.8%), from €58,974 to €77,142
mainly Net result for the year (+€22,580) and Depreciation (+€9,309)
- Tangible fixed assets -€9,309
down €9,309 (-23.0%), from €40,532 to €31,223
of which Leasing and similar rights: -€8,804
- Receivables within one year +€4,193
up €4,193 (+25.2%), from €16,607 to €20,800
of which Other amounts receivable: +€4,545
- Profit (loss) carried forward +€22,580
up €22,580 (+28.8%), from €78,373 to €100,953
- Debts after one year -€9,565
down €9,565 (-30.5%), from €31,348 to €21,783
- Trade debts +€1,486
new in 2025: €1,486
- Taxes -€10,649
down €10,649 (-54.2%), from €19,642 to €8,993
- Gross operating margin -€4,401
down €4,401 (-9.9%), from €44,504 to €40,104
- Depreciation +€4,259
up €4,259 (+84.3%), from €5,051 to €9,309
- Other operating charges -€1,231
down €1,231 (-83.8%), from €1,470 to €239
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 | €117,040 | €131,248 | +€14,208 | +12.1% |
| Fixed assets | 21/28 | €40,582 | €31,273 | -€9,309 | -22.9% |
| Tangible fixed assets | 22/27 | €40,532 | €31,223 | -€9,309 | -23.0% |
| Furniture and vehicles | 24 | €914 | €409 | -€505 | -55.3% |
| Leasing and similar rights | 25 | €39,618 | €30,814 | -€8,804 | -22.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €76,458 | €99,975 | +€23,517 | +30.8% |
| Amounts receivable within one year | 40/41 | €16,607 | €20,800 | +€4,193 | +25.2% |
| Trade receivables | 40 | €353 | - | -€353 | |
| Other amounts receivable | 41 | €16,254 | €20,800 | +€4,545 | +28.0% |
| Cash at bank and in hand | 54/58 | €58,974 | €77,142 | +€18,168 | +30.8% |
| Deferred charges and accrued income | 490/1 | €877 | €2,033 | +€1,156 | +131.9% |
| Total equity and liabilities | 10/49 | €117,040 | €131,248 | +€14,208 | +12.1% |
| Equity | 10/15 | €84,573 | €107,153 | +€22,580 | +26.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,373 | €100,953 | +€22,580 | +28.8% |
| Amounts payable | 17/49 | €32,467 | €24,095 | -€8,372 | -25.8% |
| Amounts payable after more than one year | 17 | €31,348 | €21,783 | -€9,565 | -30.5% |
| Financial debts | 170/4 | €31,348 | €21,783 | -€9,565 | -30.5% |
| Amounts payable within one year | 42/48 | €1,118 | €2,311 | +€1,193 | +106.7% |
| Trade debts | 44 | - | €1,486 | +€1,486 | |
| Suppliers | 440/4 | - | €1,486 | +€1,486 | |
| Taxes, remuneration and social security | 45 | €1,118 | €826 | -€293 | -26.2% |
| Taxes | 450/3 | €1,118 | €826 | -€293 | -26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,051 | €9,309 | +€4,259 | +84.3% |
| Other operating charges | 640/8 | €1,470 | €239 | -€1,231 | -83.8% |
| Gross operating margin | 9900 | €44,504 | €40,104 | -€4,401 | -9.9% |
| Operating profit (loss) | 9901 | €37,984 | €30,556 | -€7,428 | -19.6% |
| Financial income | 75/76B | €877 | €1,156 | +€279 | +31.9% |
| Recurring financial income | 75 | €877 | €1,156 | +€279 | +31.9% |
| Financial charges | 65/66B | €151 | €139 | -€12 | -7.6% |
| Recurring financial charges | 65 | €151 | €139 | -€12 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €38,710 | €31,573 | -€7,137 | -18.4% |
| Income taxes | 67/77 | €19,642 | €8,993 | -€10,649 | -54.2% |
| Profit (loss) for the period | 9904 | €19,068 | €22,580 | +€3,512 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,068 | €22,580 | +€3,512 | +18.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.