ISIS PROJECTS: 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.
What changed
ISIS PROJECTS
NACE 68.321, Property management for co-owned buildings (syndics)
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€5,453
2024 · -€5,308+€10,761
Equity
€990,349
2024 · €984,896+€5,453
Cash
€362
2024 · €64+€298
Balance sheet total
€1.3m
2024 · €1.4m-€107,371
Largest movements
Assets
- Receivables within one year -€68,128
down €68,128 (-37.8%), from €180,059 to €111,931
- Tangible fixed assets -€39,540
down €39,540 (-3.2%), from €1.2m to €1.2m
Equity and liabilities
- Other debts -€101,783
down €101,783 (-76.1%), from €133,694 to €31,911
Income statement
- Gross operating margin +€15,367
up €15,367 (+29.5%), from €52,015 to €67,381
- Taxes +€3,253
up €3,253 (+32.1%), from €10,139 to €13,393
- Depreciation +€1,085
up €1,085 (+2.0%), from €53,665 to €54,750
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.
Result 2024
-€5,308
Gross operating margin
+€15,367
Depreciation
-€1,085
Other operating charges
-€200
Financial income
-€69
Financial charges
+€2
Taxes
-€3,253
Result 2025
€5,453
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.
From operations
+€15,508
Investment
-€15,210
Financing
€0
Cash 2024
€64
From operations (derived)
+€15,508
Net result for the year
+€5,453
Depreciation
+€54,750
Receivables within one year
+€68,128
Provisions
-€11,909
Trade debts
-€292
Tax, wage and social debts
-€52
Other debts
-€101,783
Accrued charges and deferred income
+€1,212
Investment (derived)
-€15,210
Investment in fixed assets (net)
-€15,210
Cash 2025
€362
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,399,794 | €1,292,423 | -€107,371 | -7.7% |
| Fixed assets | 21/28 | €1,219,671 | €1,180,131 | -€39,540 | -3.2% |
| Tangible fixed assets | 22/27 | €1,219,671 | €1,180,131 | -€39,540 | -3.2% |
| Land and buildings | 22 | €1,219,671 | €1,180,131 | -€39,540 | -3.2% |
| Current assets | 29/58 | €180,123 | €112,293 | -€67,830 | -37.7% |
| Amounts receivable within one year | 40/41 | €180,059 | €111,931 | -€68,128 | -37.8% |
| Other amounts receivable | 41 | €180,059 | €111,931 | -€68,128 | -37.8% |
| Cash at bank and in hand | 54/58 | €64 | €362 | +€298 | +465.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,399,794 | €1,292,423 | -€107,371 | -7.7% |
| Equity | 10/15 | €984,896 | €990,349 | +€5,453 | +0.6% |
| Contributions | 10/11 | €149,000 | €149,000 | = | 0.0% |
| Capital | 10 | €149,000 | €149,000 | = | 0.0% |
| Issued capital | 100 | €149,000 | €149,000 | = | 0.0% |
| Reserves | 13 | €835,784 | €841,349 | +€5,564 | +0.7% |
| Non-distributable reserves | 130/1 | €14,900 | €14,900 | = | 0.0% |
| Legal reserve | 130 | €14,900 | €14,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €820,884 | €785,158 | -€35,726 | -4.4% |
| Distributable reserves | 133 | - | €41,290 | +€41,290 | |
| Profit (loss) carried forward | 14 | €112 | €0 | -€112 | -100.0% |
| Provisions and deferred taxes | 16 | €273,628 | €261,719 | -€11,909 | -4.4% |
| Deferred taxes | 168 | €273,628 | €261,719 | -€11,909 | -4.4% |
| Amounts payable | 17/49 | €141,270 | €40,355 | -€100,915 | -71.4% |
| Amounts payable within one year | 42/48 | €139,950 | €37,823 | -€102,127 | -73.0% |
| Trade debts | 44 | €4,672 | €4,380 | -€292 | -6.3% |
| Suppliers | 440/4 | €4,672 | €4,380 | -€292 | -6.3% |
| Taxes, remuneration and social security | 45 | €1,584 | €1,532 | -€52 | -3.3% |
| Taxes | 450/3 | €1,584 | €1,532 | -€52 | -3.3% |
| Other amounts payable | 47/48 | €133,694 | €31,911 | -€101,783 | -76.1% |
| Accrued charges and deferred income | 492/3 | €1,321 | €2,532 | +€1,212 | +91.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,665 | €54,750 | +€1,085 | +2.0% |
| Other operating charges | 640/8 | €6,361 | €6,561 | +€200 | +3.1% |
| Gross operating margin | 9900 | €52,015 | €67,381 | +€15,367 | +29.5% |
| Operating profit (loss) | 9901 | -€8,012 | €6,070 | +€14,082 | |
| Financial income | 75/76B | €1,020 | €951 | -€69 | -6.8% |
| Recurring financial income | 75 | €1,020 | €951 | -€69 | -6.8% |
| Financial charges | 65/66B | €86 | €84 | -€2 | -2.1% |
| Recurring financial charges | 65 | €86 | €84 | -€2 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,077 | €6,937 | +€14,015 | |
| Transfer from deferred taxes | 780 | €11,909 | €11,909 | = | 0.0% |
| Income taxes | 67/77 | €10,139 | €13,393 | +€3,253 | +32.1% |
| Profit (loss) for the period | 9904 | -€5,308 | €5,453 | +€10,761 | |
| Transfer from tax-exempt reserves | 789 | €35,726 | €35,726 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,417 | €41,179 | +€10,761 | +35.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.