ISMARA: 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.
ISMARA
Largest movements
- Cash +€10,879
up €10,879 (+180.5%), from €6,027 to €16,906
mainly Net result for the year (+€14,189) and Receivables within one year (+€3,657)
- Tangible fixed assets +€8,159
up €8,159 (+284.7%), from €2,866 to €11,025
of which Other tangible fixed assets: +€8,108
- Receivables within one year -€3,657
down €3,657 (-90.3%), from €4,050 to €393
- Financial fixed assets -€1,050
no longer reported in 2025 (was €1,050)
- Deferred charges and accrued income -€525
no longer reported in 2025 (was €525)
- Reserves +€14,189
up €14,189 (+239.4%), from €5,926 to €20,115
- Tax, wage and social debts +€2,744
up €2,744 (+174.6%), from €1,572 to €4,316
- Other debts -€2,000
down €2,000 (-68.6%), from €2,916 to €916
- Trade debts -€1,127
down €1,127 (-70.3%), from €1,604 to €477
- Gross operating margin +€14,995
up €14,995 (+193.8%), from €7,738 to €22,733
- Taxes +€2,744
up €2,744 (+174.6%), from €1,572 to €4,316
- Depreciation +€704
up €704 (+70.7%), from €995 to €1,699
- Other operating charges -€348
down €348 (-23.2%), from €1,500 to €1,153
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,517 | €28,324 | +€13,806 | +95.1% |
| Fixed assets | 21/28 | €3,916 | €11,025 | +€7,109 | +181.5% |
| Tangible fixed assets | 22/27 | €2,866 | €11,025 | +€8,159 | +284.7% |
| Plant, machinery and equipment | 23 | €1,404 | €1,847 | +€443 | +31.6% |
| Furniture and vehicles | 24 | €1,462 | €1,069 | -€392 | -26.8% |
| Other tangible fixed assets | 26 | - | €8,108 | +€8,108 | |
| Financial fixed assets | 28 | €1,050 | - | -€1,050 | |
| Current assets | 29/58 | €10,602 | €17,299 | +€6,697 | +63.2% |
| Amounts receivable within one year | 40/41 | €4,050 | €393 | -€3,657 | -90.3% |
| Trade receivables | 40 | €4,050 | €393 | -€3,657 | -90.3% |
| Cash at bank and in hand | 54/58 | €6,027 | €16,906 | +€10,879 | +180.5% |
| Deferred charges and accrued income | 490/1 | €525 | - | -€525 | |
| Total equity and liabilities | 10/49 | €14,517 | €28,324 | +€13,806 | +95.1% |
| Equity | 10/15 | €8,426 | €22,615 | +€14,189 | +168.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €5,926 | €20,115 | +€14,189 | +239.4% |
| Distributable reserves | 133 | €5,926 | €20,115 | +€14,189 | +239.4% |
| Amounts payable | 17/49 | €6,092 | €5,709 | -€383 | -6.3% |
| Amounts payable within one year | 42/48 | €6,092 | €5,709 | -€383 | -6.3% |
| Trade debts | 44 | €1,604 | €477 | -€1,127 | -70.3% |
| Suppliers | 440/4 | €1,604 | €477 | -€1,127 | -70.3% |
| Taxes, remuneration and social security | 45 | €1,572 | €4,316 | +€2,744 | +174.6% |
| Taxes | 450/3 | €1,572 | €4,316 | +€2,744 | +174.6% |
| Other amounts payable | 47/48 | €2,916 | €916 | -€2,000 | -68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €995 | €1,699 | +€704 | +70.7% |
| Other operating charges | 640/8 | €1,500 | €1,153 | -€348 | -23.2% |
| Gross operating margin | 9900 | €7,738 | €22,733 | +€14,995 | +193.8% |
| Operating profit (loss) | 9901 | €5,242 | €19,881 | +€14,639 | +279.3% |
| Financial charges | 65/66B | €1,332 | €1,377 | +€45 | +3.4% |
| Recurring financial charges | 65 | €1,332 | €1,377 | +€45 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €3,910 | €18,505 | +€14,594 | +373.2% |
| Income taxes | 67/77 | €1,572 | €4,316 | +€2,744 | +174.6% |
| Profit (loss) for the period | 9904 | €2,339 | €14,189 | +€11,850 | +506.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,339 | €14,189 | +€11,850 | +506.7% |
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 1 October 2026 via checked.be.