ISSEGA: 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
ISSEGA
NACE 68.310, Real estate agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€33,740
2024 · €186,169-€152,429
Equity
€3.3m
2024 · €3.2m+€33,740
Cash
€3,996
2024 · €2,930+€1,066
Balance sheet total
€9.7m
2024 · €9.9m-€166,952
Largest movements
Assets
- Tangible fixed assets -€279,930
down €279,930 (-3.7%), from €7.6m to €7.3m
- Receivables within one year +€112,077
up €112,077 (+4.8%), from €2.3m to €2.5m
of which Other amounts receivable: +€112,077
Equity and liabilities
- Debts after one year -€290,231
down €290,231 (-5.8%), from €5.0m to €4.7m
- Profit (loss) carried forward +€120,187
up €120,187 (+30.9%), from -€388,977 to -€268,790
Income statement
- Other operating charges +€92,886
up €92,886 (+264%), from €35,251 to €128,137
- Gross operating margin -€45,058
down €45,058 (-8.2%), from €552,398 to €507,341
- Taxes +€35,603
up €35,603 (+437%), from €8,148 to €43,751
- Financial income +€15,015
up €15,015 (+19.0%), from €79,171 to €94,186
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
€186,169
Gross operating margin
-€45,058
Depreciation
+€1,058
Other operating charges
-€92,886
Financial income
+€15,015
Financial charges
+€5,045
Taxes
-€35,603
Result 2025
€33,740
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
+€284,115
Investment
€0
Financing
-€283,049
Cash 2024
€2,930
From operations (derived)
+€284,115
Net result for the year
+€33,740
Depreciation
+€280,096
Receivables within one year
-€112,077
Provisions
-€28,815
Trade debts
+€33,198
Tax, wage and social debts
+€43,751
Other debts
+€34,223
Financing
-€283,049
Debts after one year
-€290,231
Current portion of long-term debt
+€7,183
Cash 2025
€3,996
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,912,737 | €9,745,786 | -€166,952 | -1.7% |
| Fixed assets | 21/28 | €7,569,861 | €7,289,766 | -€280,096 | -3.7% |
| Intangible fixed assets | 21 | €331 | €166 | -€166 | -50.0% |
| Tangible fixed assets | 22/27 | €7,569,530 | €7,289,600 | -€279,930 | -3.7% |
| Land and buildings | 22 | €7,569,530 | €7,289,600 | -€279,930 | -3.7% |
| Current assets | 29/58 | €2,342,876 | €2,456,020 | +€113,144 | +4.8% |
| Amounts receivable within one year | 40/41 | €2,339,946 | €2,452,024 | +€112,077 | +4.8% |
| Trade receivables | 40 | €20,000 | €20,000 | = | 0.0% |
| Other amounts receivable | 41 | €2,319,946 | €2,432,024 | +€112,077 | +4.8% |
| Cash at bank and in hand | 54/58 | €2,930 | €3,996 | +€1,066 | +36.4% |
| Total equity and liabilities | 10/49 | €9,912,737 | €9,745,786 | -€166,952 | -1.7% |
| Equity | 10/15 | €3,240,966 | €3,274,707 | +€33,740 | +1.0% |
| Contributions | 10/11 | €1,375,512 | €1,375,512 | = | 0.0% |
| Capital | 10 | €1,239,468 | €1,239,468 | = | 0.0% |
| Issued capital | 100 | €1,239,468 | €1,239,468 | = | 0.0% |
| Contributions outside capital | 11 | €136,044 | €136,044 | = | 0.0% |
| Share premium | 1100/10 | €136,044 | €136,044 | = | 0.0% |
| Reserves | 13 | €2,254,432 | €2,167,986 | -€86,446 | -3.8% |
| Non-distributable reserves | 130/1 | €123,947 | €123,947 | = | 0.0% |
| Legal reserve | 130 | €123,947 | €123,947 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,130,485 | €2,044,039 | -€86,446 | -4.1% |
| Profit (loss) carried forward | 14 | -€388,977 | -€268,790 | +€120,187 | +30.9% |
| Provisions and deferred taxes | 16 | €710,162 | €681,346 | -€28,815 | -4.1% |
| Deferred taxes | 168 | €710,162 | €681,346 | -€28,815 | -4.1% |
| Amounts payable | 17/49 | €5,961,609 | €5,789,732 | -€171,877 | -2.9% |
| Amounts payable after more than one year | 17 | €5,015,260 | €4,725,028 | -€290,231 | -5.8% |
| Financial debts | 170/4 | €5,015,260 | €4,725,028 | -€290,231 | -5.8% |
| Amounts payable within one year | 42/48 | €946,350 | €1,064,704 | +€118,355 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €783,049 | €790,232 | +€7,183 | +0.9% |
| Trade debts | 44 | €9,945 | €43,143 | +€33,198 | +334% |
| Suppliers | 440/4 | €9,945 | €43,143 | +€33,198 | +334% |
| Taxes, remuneration and social security | 45 | €8,148 | €51,899 | +€43,751 | +537% |
| Taxes | 450/3 | €8,148 | €51,899 | +€43,751 | +537% |
| Other amounts payable | 47/48 | €145,208 | €179,431 | +€34,223 | +23.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281,154 | €280,096 | -€1,058 | -0.4% |
| Other operating charges | 640/8 | €35,251 | €128,137 | +€92,886 | +264% |
| Gross operating margin | 9900 | €552,398 | €507,341 | -€45,058 | -8.2% |
| Operating profit (loss) | 9901 | €235,994 | €99,108 | -€136,886 | -58.0% |
| Financial income | 75/76B | €79,171 | €94,186 | +€15,015 | +19.0% |
| Recurring financial income | 75 | €79,171 | €94,186 | +€15,015 | +19.0% |
| Financial charges | 65/66B | €149,663 | €144,619 | -€5,045 | -3.4% |
| Recurring financial charges | 65 | €149,663 | €144,619 | -€5,045 | -3.4% |
| Profit (loss) for the period before taxes | 9903 | €165,502 | €48,676 | -€116,826 | -70.6% |
| Transfer from deferred taxes | 780 | €28,815 | €28,815 | = | 0.0% |
| Income taxes | 67/77 | €8,148 | €43,751 | +€35,603 | +437% |
| Profit (loss) for the period | 9904 | €186,169 | €33,740 | -€152,429 | -81.9% |
| Transfer from tax-exempt reserves | 789 | €86,446 | €86,446 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €272,616 | €120,187 | -€152,429 | -55.9% |
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 18 October 2026 via checked.be.