ISSERA: what changed
What changed
ISSERA
NACE 66.199, Other activities auxiliary to financial services, excluding insurance and pension funding
filed annual accounts (NBB)
Net result for the year
€23,277
2024 · €13,201+€10,076
Equity
€246,974
2024 · €244,069+€2,905
Cash
€9,140
2024 · €10,500-€1,360
Balance sheet total
€1.3m
2024 · €1.3m-€37,118
Largest movements
Assets
- Tangible fixed assets -€35,327
down €35,327 (-2.7%), from €1.3m to €1.3m
of which Land and buildings: -€41,314
Equity and liabilities
- Debts after one year -€45,250
down €45,250 (-4.8%), from €945,931 to €900,682
Income statement
- Gross operating margin +€19,427
up €19,427 (+34.3%), from €56,680 to €76,107
- Other operating charges +€9,095
up €9,095 (+747%), from €1,218 to €10,314
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€13,201
Gross operating margin
+€19,427
Depreciation
-€517
Other operating charges
-€9,095
Financial charges
+€328
Taxes
-€66
Result 2025
€23,277
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€73,858
Investment
-€9,969
Financing
-€65,248
Cash 2024
€10,500
From operations (derived)
+€73,858
Net result for the year
+€23,277
Depreciation
+€45,296
Receivables within one year
+€494
Deferred charges and accrued income
-€63
Provisions
-€1,488
Trade debts
+€6,718
Tax, wage and social debts
-€378
Investment (derived)
-€9,969
Investment in fixed assets (net)
-€9,969
Financing
-€65,248
Debts after one year
-€45,250
Current portion of long-term debt
+€374
Contributions, distributions and other
-€20,372
Cash 2025
€9,140
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,303,027 | €1,265,909 | -€37,118 | -2.8% |
| Fixed assets | 21/28 | €1,289,776 | €1,254,450 | -€35,327 | -2.7% |
| Tangible fixed assets | 22/27 | €1,289,776 | €1,254,450 | -€35,327 | -2.7% |
| Land and buildings | 22 | €1,262,855 | €1,221,541 | -€41,314 | -3.3% |
| Plant, machinery and equipment | 23 | €26,922 | €32,909 | +€5,987 | +22.2% |
| Current assets | 29/58 | €13,251 | €11,460 | -€1,791 | -13.5% |
| Amounts receivable within one year | 40/41 | €796 | €301 | -€494 | -62.1% |
| Other amounts receivable | 41 | €796 | €301 | -€494 | -62.1% |
| Cash at bank and in hand | 54/58 | €10,500 | €9,140 | -€1,360 | -13.0% |
| Deferred charges and accrued income | 490/1 | €1,955 | €2,018 | +€63 | +3.2% |
| Total equity and liabilities | 10/49 | €1,303,027 | €1,265,909 | -€37,118 | -2.8% |
| Equity | 10/15 | €244,069 | €246,974 | +€2,905 | +1.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €5,718 | €13,086 | +€7,368 | +129% |
| Distributable reserves | 133 | €5,718 | €13,086 | +€7,368 | +129% |
| Investment grants | 15 | €138,350 | €133,888 | -€4,463 | -3.2% |
| Provisions and deferred taxes | 16 | €46,117 | €44,629 | -€1,488 | -3.2% |
| Deferred taxes | 168 | €46,117 | €44,629 | -€1,488 | -3.2% |
| Amounts payable | 17/49 | €1,012,842 | €974,306 | -€38,536 | -3.8% |
| Amounts payable after more than one year | 17 | €945,931 | €900,682 | -€45,250 | -4.8% |
| Financial debts | 170/4 | €945,931 | €900,682 | -€45,250 | -4.8% |
| Amounts payable within one year | 42/48 | €66,911 | €73,625 | +€6,714 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €64,931 | €65,305 | +€374 | +0.6% |
| Trade debts | 44 | €357 | €7,075 | +€6,718 | +1,881% |
| Suppliers | 440/4 | €357 | €7,075 | +€6,718 | +1,881% |
| Taxes, remuneration and social security | 45 | €1,623 | €1,245 | -€378 | -23.3% |
| Taxes | 450/3 | €1,623 | €1,245 | -€378 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,778 | €45,296 | +€517 | +1.2% |
| Other operating charges | 640/8 | €1,218 | €10,314 | +€9,095 | +747% |
| Gross operating margin | 9900 | €56,680 | €76,107 | +€19,427 | +34.3% |
| Operating profit (loss) | 9901 | €10,683 | €20,497 | +€9,814 | +91.9% |
| Financial income | 75/76B | €4,463 | €4,463 | = | 0.0% |
| Recurring financial income | 75 | €4,463 | €4,463 | = | 0.0% |
| Financial charges | 65/66B | €3,432 | €3,104 | -€328 | -9.6% |
| Recurring financial charges | 65 | €3,432 | €3,104 | -€328 | -9.6% |
| Profit (loss) for the period before taxes | 9903 | €11,714 | €21,856 | +€10,142 | +86.6% |
| Transfer from deferred taxes | 780 | €1,488 | €1,488 | = | 0.0% |
| Income taxes | 67/77 | - | €66 | +€66 | |
| Profit (loss) for the period | 9904 | €13,201 | €23,277 | +€10,076 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,201 | €23,277 | +€10,076 | +76.3% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.