ISIK PALACE: 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.
ISIK PALACE
Largest movements
- Tangible fixed assets +€30,520
up €30,520 (+59.4%), from €51,404 to €81,923
of which Furniture and vehicles: +€32,814
- Receivables within one year -€1,694
down €1,694 (-37.9%), from €4,470 to €2,776
of which Trade receivables: -€3,473
- Cash -€1,545
down €1,545 (-16.4%), from €9,405 to €7,860
mainly Investment in fixed assets (net) (-€43,903) and Tax, wage and social debts (-€16,151)
- Current portion of long-term debt +€30,918
new in 2025: €30,918
- Other debts +€16,352
up €16,352 (+35.0%), from €46,682 to €63,034
- Tax, wage and social debts -€16,151
down €16,151 (-72.2%), from €22,367 to €6,216
of which Remuneration and social security: -€13,208
- Trade debts -€7,515
down €7,515 (-81.3%), from €9,247 to €1,732
- Profit (loss) carried forward +€3,776
up €3,776 (+28.8%), from -€13,118 to -€9,342
- Gross operating margin +€21,453
up €21,453 (+91.0%), from €23,581 to €45,035
- Taxes +€1,348
new in 2025: €1,348
- Staff costs +€861
up €861 (+3.7%), from €23,514 to €24,375
- Financial charges +€847
up €847 (+845%), from €100 to €947
- Depreciation +€803
up €803 (+6.4%), from €12,581 to €13,384
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
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 | €65,278 | €93,159 | +€27,881 | +42.7% |
| Fixed assets | 21/28 | €51,404 | €81,923 | +€30,520 | +59.4% |
| Tangible fixed assets | 22/27 | €51,404 | €81,923 | +€30,520 | +59.4% |
| Furniture and vehicles | 24 | €31,568 | €64,382 | +€32,814 | +104% |
| Other tangible fixed assets | 26 | €19,836 | €17,541 | -€2,295 | -11.6% |
| Current assets | 29/58 | €13,875 | €11,236 | -€2,639 | -19.0% |
| Stocks and contracts in progress | 3 | - | €600 | +€600 | |
| Stocks | 30/36 | - | €600 | +€600 | |
| Amounts receivable within one year | 40/41 | €4,470 | €2,776 | -€1,694 | -37.9% |
| Trade receivables | 40 | €4,393 | €920 | -€3,473 | -79.1% |
| Other amounts receivable | 41 | €77 | €1,856 | +€1,778 | +2,296% |
| Cash at bank and in hand | 54/58 | €9,405 | €7,860 | -€1,545 | -16.4% |
| Total equity and liabilities | 10/49 | €65,278 | €93,159 | +€27,881 | +42.7% |
| Equity | 10/15 | -€13,018 | -€9,242 | +€3,776 | +29.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,118 | -€9,342 | +€3,776 | +28.8% |
| Amounts payable | 17/49 | €78,296 | €102,401 | +€24,105 | +30.8% |
| Amounts payable within one year | 42/48 | €78,296 | €101,901 | +€23,605 | +30.1% |
| Current portion of amounts payable after more than one year | 42 | - | €30,918 | +€30,918 | |
| Trade debts | 44 | €9,247 | €1,732 | -€7,515 | -81.3% |
| Suppliers | 440/4 | €9,247 | €1,732 | -€7,515 | -81.3% |
| Taxes, remuneration and social security | 45 | €22,367 | €6,216 | -€16,151 | -72.2% |
| Taxes | 450/3 | €4,691 | €1,748 | -€2,944 | -62.7% |
| Remuneration and social security | 454/9 | €17,676 | €4,469 | -€13,208 | -74.7% |
| Other amounts payable | 47/48 | €46,682 | €63,034 | +€16,352 | +35.0% |
| Accrued charges and deferred income | 492/3 | - | €500 | +€500 | |
| Remuneration, social security and pensions | 62 | €23,514 | €24,375 | +€861 | +3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,581 | €13,384 | +€803 | +6.4% |
| Other operating charges | 640/8 | €604 | €1,255 | +€652 | +108% |
| Gross operating margin | 9900 | €23,581 | €45,035 | +€21,453 | +91.0% |
| Operating profit (loss) | 9901 | -€13,117 | €6,021 | +€19,139 | |
| Financial income | 75/76B | €100 | €50 | -€50 | -50.2% |
| Recurring financial income | 75 | €100 | €50 | -€50 | -50.2% |
| Financial charges | 65/66B | €100 | €947 | +€847 | +845% |
| Recurring financial charges | 65 | €100 | €947 | +€847 | +845% |
| Profit (loss) for the period before taxes | 9903 | -€13,118 | €5,124 | +€18,242 | |
| Income taxes | 67/77 | - | €1,348 | +€1,348 | |
| Profit (loss) for the period | 9904 | -€13,118 | €3,776 | +€16,894 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,118 | €3,776 | +€16,894 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.