ISRA: 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.
ISRA
Largest movements
- Receivables within one year +€68,705
up €68,705 (+163.0%), from €42,143 to €110,847
of which Trade receivables: +€51,523
- Cash -€38,400
down €38,400 (-41.7%), from €91,978 to €53,577
mainly Receivables within one year (-€68,705) and Deferred charges and accrued income (-€4,146)
- Tangible fixed assets -€4,404
down €4,404 (-26.8%), from €16,424 to €12,020
of which Furniture and vehicles: -€3,115
- Deferred charges and accrued income +€4,146
new in 2025: €4,146
- Advances received +€23,723
new in 2025: €23,723
- Trade debts +€6,796
up €6,796 (+111.2%), from €6,110 to €12,906
- Tax, wage and social debts -€3,613
down €3,613 (-14.4%), from €25,112 to €21,499
of which Taxes: -€15,166
- Profit (loss) carried forward +€3,141
up €3,141 (+2.6%), from €119,321 to €122,462
- Purchases and services -€159,158
no longer reported in 2025 (was €159,158)
- Gross operating margin -€33,847
down €33,847 (-9.1%), from €373,480 to €339,634
- Staff costs -€14,342
down €14,342 (-4.3%), from €334,367 to €320,025
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 | €150,544 | €180,591 | +€30,047 | +20.0% |
| Fixed assets | 21/28 | €16,424 | €12,020 | -€4,404 | -26.8% |
| Tangible fixed assets | 22/27 | €16,424 | €12,020 | -€4,404 | -26.8% |
| Plant, machinery and equipment | 23 | €10,186 | €8,897 | -€1,289 | -12.7% |
| Furniture and vehicles | 24 | €6,238 | €3,123 | -€3,115 | -49.9% |
| Current assets | 29/58 | €134,120 | €168,571 | +€34,450 | +25.7% |
| Amounts receivable within one year | 40/41 | €42,143 | €110,847 | +€68,705 | +163.0% |
| Trade receivables | 40 | €7,614 | €59,137 | +€51,523 | +676.7% |
| Other amounts receivable | 41 | €34,529 | €51,711 | +€17,182 | +49.8% |
| Cash at bank and in hand | 54/58 | €91,978 | €53,577 | -€38,400 | -41.7% |
| Deferred charges and accrued income | 490/1 | - | €4,146 | +€4,146 | |
| Total equity and liabilities | 10/49 | €150,544 | €180,591 | +€30,047 | +20.0% |
| Equity | 10/15 | €119,322 | €122,463 | +€3,141 | +2.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,321 | €122,462 | +€3,141 | +2.6% |
| Amounts payable | 17/49 | €31,223 | €58,128 | +€26,906 | +86.2% |
| Amounts payable within one year | 42/48 | €31,223 | €58,128 | +€26,906 | +86.2% |
| Trade debts | 44 | €6,110 | €12,906 | +€6,796 | +111.2% |
| Suppliers | 440/4 | €6,110 | €12,906 | +€6,796 | +111.2% |
| Advances received on contracts in progress | 46 | - | €23,723 | +€23,723 | |
| Taxes, remuneration and social security | 45 | €25,112 | €21,499 | -€3,613 | -14.4% |
| Taxes | 450/3 | €25,112 | €9,946 | -€15,166 | -60.4% |
| Remuneration and social security | 454/9 | - | €11,553 | +€11,553 | |
| Goods, raw materials, services and sundry goods | 60/61 | €159,158 | - | -€159,158 | |
| Remuneration, social security and pensions | 62 | €334,367 | €320,025 | -€14,342 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,404 | €4,404 | = | 0.0% |
| Other operating charges | 640/8 | €6,699 | €3,649 | -€3,050 | -45.5% |
| Gross operating margin | 9900 | €373,480 | €339,634 | -€33,847 | -9.1% |
| Operating profit (loss) | 9901 | €28,011 | €11,556 | -€16,455 | -58.7% |
| Financial income | 75/76B | €3 | €4 | +€2 | +55.3% |
| Recurring financial income | 75 | €3 | €4 | +€2 | +55.3% |
| Financial charges | 65/66B | €42 | €1,175 | +€1,133 | +2703.8% |
| Recurring financial charges | 65 | €42 | €1,175 | +€1,133 | +2703.8% |
| Profit (loss) for the period before taxes | 9903 | €27,972 | €10,385 | -€17,587 | -62.9% |
| Income taxes | 67/77 | €6,805 | €7,244 | +€439 | +6.4% |
| Profit (loss) for the period | 9904 | €21,167 | €3,141 | -€18,026 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,167 | €3,141 | -€18,026 | -85.2% |
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 8 October 2026 via checked.be.