ISLER & PARTNERS: 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.
What changed
ISLER & PARTNERS
NACE 69.201, Certified accountants and tax accountants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€119,329
2024 · €155,553-€36,223
Equity
€407,928
2024 · €335,658+€72,271
Cash
€208,309
2024 · €39,620+€168,689
Balance sheet total
€1.1m
2024 · €1.1m+€10,201
Largest movements
Assets
- Cash +€168,689
up €168,689 (+426%), from €39,620 to €208,309
mainly Receivables after one year (+€150,000) and Net result for the year (+€119,329)
- Receivables after one year -€150,000
no longer reported in 2025 (was €150,000)
- Deferred charges and accrued income -€15,520
down €15,520 (-22.7%), from €68,412 to €52,893
Equity and liabilities
- Debts after one year -€73,401
down €73,401 (-15.6%), from €471,009 to €397,608
- Profit (loss) carried forward +€72,271
up €72,271 (+22.9%), from €315,198 to €387,468
- Tax, wage and social debts +€14,264
up €14,264 (+33.6%), from €42,515 to €56,779
of which Remuneration and social security: +€8,346
- Trade debts -€11,272
down €11,272 (-43.9%), from €25,655 to €14,384
Income statement
- Staff costs +€34,974
up €34,974 (+24.4%), from €143,466 to €178,439
- Provisions +€20,142
up €20,142, from -€15,000 to €5,142
- Taxes -€16,540
down €16,540 (-30.6%), from €54,026 to €37,486
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
€155,553
Gross operating margin
-€1,948
Staff costs
-€34,974
Depreciation
+€2,311
Provisions
-€20,142
Other operating charges
-€627
Financial income
+€653
Financial charges
+€1,962
Taxes
+€16,540
Result 2025
€119,329
raises the resultlowers the result
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.
From operations
+€317,344
Investment
-€31,707
Financing
-€116,948
Cash 2024
€39,620
From operations (derived)
+€317,344
Net result for the year
+€119,329
Depreciation
+€32,106
Receivables after one year
+€150,000
Receivables within one year
-€7,431
Deferred charges and accrued income
+€15,520
Provisions
+€5,142
Trade debts
-€11,272
Tax, wage and social debts
+€14,264
Other debts
-€315
Investment (derived)
-€31,707
Investment in fixed assets (net)
-€31,707
Financing
-€116,948
Debts after one year
-€73,401
Current portion of long-term debt
+€3,834
Short-term financial debts
-€322
Contributions, distributions and other
-€47,059
Cash 2025
€208,309
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,053,054 | €1,063,255 | +€10,201 | +1.0% |
| Fixed assets | 21/28 | €708,945 | €708,546 | -€399 | -0.1% |
| Tangible fixed assets | 22/27 | €69,190 | €68,791 | -€399 | -0.6% |
| Furniture and vehicles | 24 | €32,488 | €17,226 | -€15,262 | -47.0% |
| Other tangible fixed assets | 26 | €36,702 | €51,565 | +€14,863 | +40.5% |
| Financial fixed assets | 28 | €639,755 | €639,755 | = | 0.0% |
| Current assets | 29/58 | €344,110 | €354,709 | +€10,599 | +3.1% |
| Amounts receivable after more than one year | 29 | €150,000 | - | -€150,000 | |
| Other amounts receivable | 291 | €150,000 | - | -€150,000 | |
| Amounts receivable within one year | 40/41 | €86,077 | €93,508 | +€7,431 | +8.6% |
| Trade receivables | 40 | €82,115 | €63,220 | -€18,894 | -23.0% |
| Other amounts receivable | 41 | €3,963 | €30,288 | +€26,325 | +664% |
| Cash at bank and in hand | 54/58 | €39,620 | €208,309 | +€168,689 | +426% |
| Deferred charges and accrued income | 490/1 | €68,412 | €52,893 | -€15,520 | -22.7% |
| Total equity and liabilities | 10/49 | €1,053,054 | €1,063,255 | +€10,201 | +1.0% |
| Equity | 10/15 | €335,658 | €407,928 | +€72,271 | +21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €315,198 | €387,468 | +€72,271 | +22.9% |
| Provisions and deferred taxes | 16 | €25,000 | €30,142 | +€5,142 | +20.6% |
| Provisions for liabilities and charges | 160/5 | €25,000 | €30,142 | +€5,142 | +20.6% |
| Other liabilities and charges | 164/5 | €25,000 | €30,142 | +€5,142 | +20.6% |
| Amounts payable | 17/49 | €692,397 | €625,185 | -€67,212 | -9.7% |
| Amounts payable after more than one year | 17 | €471,009 | €397,608 | -€73,401 | -15.6% |
| Financial debts | 170/4 | €471,009 | €397,608 | -€73,401 | -15.6% |
| Amounts payable within one year | 42/48 | €221,388 | €227,578 | +€6,190 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €108,871 | €112,705 | +€3,834 | +3.5% |
| Financial debts | 43 | €342 | €20 | -€322 | -94.2% |
| Credit institutions | 430/8 | €342 | €20 | -€322 | -94.2% |
| Trade debts | 44 | €25,655 | €14,384 | -€11,272 | -43.9% |
| Suppliers | 440/4 | €25,655 | €14,384 | -€11,272 | -43.9% |
| Taxes, remuneration and social security | 45 | €42,515 | €56,779 | +€14,264 | +33.6% |
| Taxes | 450/3 | €26,133 | €32,051 | +€5,918 | +22.6% |
| Remuneration and social security | 454/9 | €16,382 | €24,728 | +€8,346 | +50.9% |
| Other amounts payable | 47/48 | €44,005 | €43,690 | -€315 | -0.7% |
| Remuneration, social security and pensions | 62 | €143,466 | €178,439 | +€34,974 | +24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,417 | €32,106 | -€2,311 | -6.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€15,000 | €5,142 | +€20,142 | |
| Other operating charges | 640/8 | €873 | €1,501 | +€627 | +71.8% |
| Gross operating margin | 9900 | €393,646 | €391,698 | -€1,948 | -0.5% |
| Operating profit (loss) | 9901 | €229,889 | €174,510 | -€55,379 | -24.1% |
| Financial income | 75/76B | €28 | €681 | +€653 | +2,360% |
| Recurring financial income | 75 | €28 | €681 | +€653 | +2,360% |
| Financial charges | 65/66B | €20,338 | €18,376 | -€1,962 | -9.6% |
| Recurring financial charges | 65 | €20,338 | €18,376 | -€1,962 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €209,579 | €156,815 | -€52,764 | -25.2% |
| Income taxes | 67/77 | €54,026 | €37,486 | -€16,540 | -30.6% |
| Profit (loss) for the period | 9904 | €155,553 | €119,329 | -€36,223 | -23.3% |
| Profit (loss) for the period to be appropriated | 9905 | €155,553 | €119,329 | -€36,223 | -23.3% |
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 17 October 2026 via checked.be.