ISOSEGHERS: 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.
ISOSEGHERS
Largest movements
- Stocks and contracts -€68,000
down €68,000 (-48.9%), from €139,000 to €71,000
of which Stocks: -€68,000
- Tangible fixed assets -€63,428
down €63,428 (-91.9%), from €68,998 to €5,570
of which Furniture and vehicles: -€60,702
- Receivables within one year +€59,690
up €59,690 (+21.1%), from €283,268 to €342,957
of which Trade receivables: +€50,113
- Cash +€32,760
up €32,760, from €0 to €32,760
mainly Other debts (+€237,367) and Stocks and contracts (+€68,000)
- Deferred charges and accrued income +€12,512
up €12,512 (+104%), from €12,035 to €24,547
- Other debts +€237,367
up €237,367 (+131%), from €181,538 to €418,904
- Trade debts -€155,113
down €155,113 (-78.4%), from €197,724 to €42,611
- Debts after one year -€56,217
down €56,217 (-100%), from €56,217 to €0
- Current portion of long-term debt -€39,185
down €39,185 (-100%), from €39,185 to €0
- Profit (loss) carried forward +€10,718
up €10,718, from -€10,718 to €0
- Staff costs -€160,429
down €160,429 (-84.7%), from €189,434 to €29,005
- Gross operating margin -€134,295
down €134,295 (-60.3%), from €222,778 to €88,483
- Depreciation +€17,842
up €17,842 (+122%), from €14,619 to €32,461
- Financial charges +€6,860
up €6,860 (+148%), from €4,650 to €11,510
- Taxes +€4,888
up €4,888 (+466%), from €1,049 to €5,936
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 | €503,470 | €485,282 | -€18,188 | -3.6% |
| Fixed assets | 21/28 | €69,168 | €14,018 | -€55,149 | -79.7% |
| Intangible fixed assets | 21 | - | €8,413 | +€8,413 | |
| Tangible fixed assets | 22/27 | €68,998 | €5,570 | -€63,428 | -91.9% |
| Land and buildings | 22 | €4,787 | €3,902 | -€885 | -18.5% |
| Plant, machinery and equipment | 23 | €3,509 | €1,668 | -€1,841 | -52.5% |
| Furniture and vehicles | 24 | €60,702 | €0 | -€60,702 | -100% |
| Financial fixed assets | 28 | €170 | €35 | -€135 | -79.4% |
| Current assets | 29/58 | €434,303 | €471,264 | +€36,961 | +8.5% |
| Stocks and contracts in progress | 3 | €139,000 | €71,000 | -€68,000 | -48.9% |
| Stocks | 30/36 | €118,000 | €50,000 | -€68,000 | -57.6% |
| Contracts in progress | 37 | €21,000 | €21,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €283,268 | €342,957 | +€59,690 | +21.1% |
| Trade receivables | 40 | €282,954 | €333,067 | +€50,113 | +17.7% |
| Other amounts receivable | 41 | €314 | €9,891 | +€9,577 | +3,053% |
| Cash at bank and in hand | 54/58 | €0 | €32,760 | +€32,760 | |
| Deferred charges and accrued income | 490/1 | €12,035 | €24,547 | +€12,512 | +104% |
| Total equity and liabilities | 10/49 | €503,470 | €485,282 | -€18,188 | -3.6% |
| Equity | 10/15 | €16,390 | €21,173 | +€4,783 | +29.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €14,709 | €8,773 | -€5,936 | -40.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €12,849 | €6,913 | -€5,936 | -46.2% |
| Profit (loss) carried forward | 14 | -€10,718 | €0 | +€10,718 | |
| Amounts payable | 17/49 | €487,080 | €464,109 | -€22,971 | -4.7% |
| Amounts payable after more than one year | 17 | €56,217 | €0 | -€56,217 | -100% |
| Financial debts | 170/4 | €56,217 | €0 | -€56,217 | -100% |
| Amounts payable within one year | 42/48 | €430,863 | €464,109 | +€33,246 | +7.7% |
| Current portion of amounts payable after more than one year | 42 | €39,185 | €0 | -€39,185 | -100% |
| Financial debts | 43 | €2,950 | €0 | -€2,950 | -100% |
| Credit institutions | 430/8 | €2,950 | €0 | -€2,950 | -100% |
| Trade debts | 44 | €197,724 | €42,611 | -€155,113 | -78.4% |
| Suppliers | 440/4 | €197,724 | €42,611 | -€155,113 | -78.4% |
| Taxes, remuneration and social security | 45 | €9,466 | €2,594 | -€6,872 | -72.6% |
| Taxes | 450/3 | €0 | €2,594 | +€2,594 | |
| Remuneration and social security | 454/9 | €9,466 | €0 | -€9,466 | -100% |
| Other amounts payable | 47/48 | €181,538 | €418,904 | +€237,367 | +131% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €189,434 | €29,005 | -€160,429 | -84.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,619 | €32,461 | +€17,842 | +122% |
| Other operating charges | 640/8 | €3,782 | €4,823 | +€1,041 | +27.5% |
| Gross operating margin | 9900 | €222,778 | €88,483 | -€134,295 | -60.3% |
| Operating profit (loss) | 9901 | €14,943 | €22,195 | +€7,251 | +48.5% |
| Financial income | 75/76B | €41 | €35 | -€7 | -15.9% |
| Recurring financial income | 75 | €41 | €35 | -€7 | -15.9% |
| Financial charges | 65/66B | €4,650 | €11,510 | +€6,860 | +148% |
| Recurring financial charges | 65 | €4,650 | €11,510 | +€6,860 | +148% |
| Profit (loss) for the period before taxes | 9903 | €10,334 | €10,719 | +€385 | +3.7% |
| Income taxes | 67/77 | €1,049 | €5,936 | +€4,888 | +466% |
| Profit (loss) for the period | 9904 | €9,286 | €4,783 | -€4,503 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,286 | €4,783 | -€4,503 | -48.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.