ishiatros: 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.
ishiatros
Largest movements
- Cash -€46,089
down €46,089 (-74.2%), from €62,118 to €16,029
mainly Contributions, distributions and other (-€266,325) and Tax, wage and social debts (-€59,147)
- Receivables within one year +€19,434
up €19,434 (+2,286%), from €850 to €20,284
of which Other amounts receivable: +€19,434
- Other debts +€273,430
up €273,430 (+297%), from €91,916 to €365,347
- Reserves -€215,020
down €215,020 (-54.3%), from €396,334 to €181,315
of which Distributable reserves: -€215,020
- Tax, wage and social debts -€59,147
down €59,147 (-67.0%), from €88,247 to €29,100
- Debts after one year -€23,872
down €23,872 (-35.2%), from €67,773 to €43,901
- Gross operating margin -€129,434
down €129,434 (-60.7%), from €213,125 to €83,691
- Taxes -€119,273
down €119,273 (-95.5%), from €124,851 to €5,578
- Financial income -€47,663
down €47,663 (-97.9%), from €48,697 to €1,034
of which Non-recurring financial income: -€47,910
- Depreciation +€9,049
up €9,049 (+72.1%), from €12,553 to €21,602
From the 2025 result to the 2026 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
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €691,701 | €663,085 | -€28,617 | -4.1% |
| Fixed assets | 21/28 | €573,923 | €568,842 | -€5,080 | -0.9% |
| Tangible fixed assets | 22/27 | €572,373 | €567,292 | -€5,080 | -0.9% |
| Land and buildings | 22 | €504,053 | €508,605 | +€4,552 | +0.9% |
| Plant, machinery and equipment | 23 | - | €8,711 | +€8,711 | |
| Furniture and vehicles | 24 | €68,320 | €49,977 | -€18,343 | -26.8% |
| Financial fixed assets | 28 | €1,550 | €1,550 | = | 0.0% |
| Current assets | 29/58 | €117,779 | €94,242 | -€23,537 | -20.0% |
| Amounts receivable within one year | 40/41 | €850 | €20,284 | +€19,434 | +2,286% |
| Trade receivables | 40 | €850 | €850 | = | 0.0% |
| Other amounts receivable | 41 | - | €19,434 | +€19,434 | |
| Current investments | 50/53 | €49,098 | €50,000 | +€902 | +1.8% |
| Cash at bank and in hand | 54/58 | €62,118 | €16,029 | -€46,089 | -74.2% |
| Deferred charges and accrued income | 490/1 | €5,713 | €7,929 | +€2,216 | +38.8% |
| Total equity and liabilities | 10/49 | €691,701 | €663,085 | -€28,617 | -4.1% |
| Equity | 10/15 | €414,934 | €199,915 | -€215,020 | -51.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €396,334 | €181,315 | -€215,020 | -54.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €394,474 | €179,455 | -€215,020 | -54.5% |
| Amounts payable | 17/49 | €276,767 | €463,170 | +€186,403 | +67.3% |
| Amounts payable after more than one year | 17 | €67,773 | €43,901 | -€23,872 | -35.2% |
| Financial debts | 170/4 | €67,773 | €43,901 | -€23,872 | -35.2% |
| Amounts payable within one year | 42/48 | €208,994 | €419,269 | +€210,274 | +101% |
| Current portion of amounts payable after more than one year | 42 | €23,027 | €23,872 | +€844 | +3.7% |
| Trade debts | 44 | €5,803 | €950 | -€4,853 | -83.6% |
| Suppliers | 440/4 | €5,803 | €950 | -€4,853 | -83.6% |
| Taxes, remuneration and social security | 45 | €88,247 | €29,100 | -€59,147 | -67.0% |
| Taxes | 450/3 | €88,247 | €29,100 | -€59,147 | -67.0% |
| Other amounts payable | 47/48 | €91,916 | €365,347 | +€273,430 | +297% |
| Remuneration, social security and pensions | 62 | €968 | - | -€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,553 | €21,602 | +€9,049 | +72.1% |
| Other operating charges | 640/8 | €2,582 | €2,696 | +€114 | +4.4% |
| Gross operating margin | 9900 | €213,125 | €83,691 | -€129,434 | -60.7% |
| Operating profit (loss) | 9901 | €197,022 | €59,393 | -€137,629 | -69.9% |
| Financial income | 75/76B | €48,697 | €1,034 | -€47,663 | -97.9% |
| Recurring financial income | 75 | €787 | €1,034 | +€247 | +31.4% |
| Non-recurring financial income | 76B | €47,910 | - | -€47,910 | |
| Financial charges | 65/66B | €3,648 | €3,543 | -€105 | -2.9% |
| Recurring financial charges | 65 | €3,648 | €3,543 | -€105 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €242,070 | €56,884 | -€185,186 | -76.5% |
| Income taxes | 67/77 | €124,851 | €5,578 | -€119,273 | -95.5% |
| Profit (loss) for the period | 9904 | €117,219 | €51,305 | -€65,913 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €117,219 | €51,305 | -€65,913 | -56.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.