ISL Immobilien: 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.
ISL Immobilien
Largest movements
- Tangible fixed assets -€54,086
down €54,086 (-7.0%), from €767,524 to €713,438
- Receivables within one year +€31,761
up €31,761 (+1,453%), from €2,186 to €33,946
of which Trade receivables: +€32,138
- Cash +€25,409
up €25,409 (+150%), from €16,934 to €42,343
mainly Net result for the year (+€188,065) and Depreciation (+€54,086)
- Debts after one year -€240,000
down €240,000 (-43.5%), from €551,900 to €311,900
- Profit (loss) carried forward +€188,065
up €188,065 (+128%), from €146,840 to €334,905
- Tax, wage and social debts +€49,833
up €49,833 (+267%), from €18,671 to €68,504
- Trade debts +€8,198
up €8,198 (+684%), from €1,199 to €9,397
- Gross operating margin +€128,160
up €128,160 (+57.9%), from €221,466 to €349,625
- Taxes +€51,294
up €51,294 (+344%), from €14,909 to €66,203
- Depreciation -€36,860
down €36,860 (-40.5%), from €90,946 to €54,086
- Other operating charges -€17,802
down €17,802 (-49.6%), from €35,885 to €18,083
- Financial charges -€17,725
down €17,725 (-43.3%), from €40,924 to €23,199
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 | €786,810 | €792,906 | +€6,096 | +0.8% |
| Fixed assets | 21/28 | €767,524 | €713,438 | -€54,086 | -7.0% |
| Tangible fixed assets | 22/27 | €767,524 | €713,438 | -€54,086 | -7.0% |
| Land and buildings | 22 | €767,524 | €713,438 | -€54,086 | -7.0% |
| Current assets | 29/58 | €19,286 | €79,468 | +€60,182 | +312% |
| Amounts receivable within one year | 40/41 | €2,186 | €33,946 | +€31,761 | +1,453% |
| Trade receivables | 40 | €1,808 | €33,946 | +€32,138 | +1,777% |
| Other amounts receivable | 41 | €377 | - | -€377 | |
| Cash at bank and in hand | 54/58 | €16,934 | €42,343 | +€25,409 | +150% |
| Deferred charges and accrued income | 490/1 | €167 | €3,179 | +€3,012 | +1,807% |
| Total equity and liabilities | 10/49 | €786,810 | €792,906 | +€6,096 | +0.8% |
| Equity | 10/15 | €215,040 | €403,105 | +€188,065 | +87.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Contributions outside capital | 11 | €62,000 | - | -€62,000 | |
| Other | 1109/19 | €62,000 | - | -€62,000 | |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,840 | €334,905 | +€188,065 | +128% |
| Amounts payable | 17/49 | €571,770 | €389,801 | -€181,969 | -31.8% |
| Amounts payable after more than one year | 17 | €551,900 | €311,900 | -€240,000 | -43.5% |
| Other amounts payable | 178/9 | €551,900 | €311,900 | -€240,000 | -43.5% |
| Amounts payable within one year | 42/48 | €19,870 | €77,901 | +€58,031 | +292% |
| Trade debts | 44 | €1,199 | €9,397 | +€8,198 | +684% |
| Suppliers | 440/4 | €1,199 | €9,397 | +€8,198 | +684% |
| Taxes, remuneration and social security | 45 | €18,671 | €68,504 | +€49,833 | +267% |
| Taxes | 450/3 | €18,671 | €68,504 | +€49,833 | +267% |
| Non-recurring operating income | 76A | €3,401 | - | -€3,401 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,946 | €54,086 | -€36,860 | -40.5% |
| Other operating charges | 640/8 | €35,885 | €18,083 | -€17,802 | -49.6% |
| Gross operating margin | 9900 | €221,466 | €349,625 | +€128,160 | +57.9% |
| Operating profit (loss) | 9901 | €94,634 | €277,457 | +€182,822 | +193% |
| Financial income | 75/76B | €1,003 | €10 | -€994 | -99.0% |
| Recurring financial income | 75 | €1,003 | €10 | -€994 | -99.0% |
| Financial charges | 65/66B | €40,924 | €23,199 | -€17,725 | -43.3% |
| Recurring financial charges | 65 | €40,924 | €23,199 | -€17,725 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €54,714 | €254,268 | +€199,554 | +365% |
| Income taxes | 67/77 | €14,909 | €66,203 | +€51,294 | +344% |
| Profit (loss) for the period | 9904 | €39,804 | €188,065 | +€148,260 | +372% |
| Profit (loss) for the period to be appropriated | 9905 | €39,804 | €188,065 | +€148,260 | +372% |
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 31 October 2026 via checked.be.