JISABEL: 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.
JISABEL
Largest movements
- Receivables within one year +€26,591
up €26,591 (+904.3%), from €2,940 to €29,531
of which Trade receivables: +€21,175
- Tangible fixed assets -€17,660
down €17,660 (-3.8%), from €461,582 to €443,923
of which Land and buildings: -€12,326
- Cash +€8,677
up €8,677 (+7.3%), from €118,291 to €126,968
mainly Net result for the year (+€77,812) and Depreciation (+€26,635)
- Reserves +€77,500
up €77,500 (+16.1%), from €482,180 to €559,680
of which Distributable reserves: +€77,500
- Current portion of long-term debt -€44,641
down €44,641 (-80.6%), from €55,376 to €10,736
- Debts after one year -€12,380
down €12,380 (-57.6%), from €21,489 to €9,109
- Tax, wage and social debts -€8,055
down €8,055 (-52.7%), from €15,277 to €7,222
- Gross operating margin -€25,793
down €25,793 (-15.1%), from €170,517 to €144,724
- Depreciation -€6,102
down €6,102 (-18.6%), from €32,737 to €26,635
- Taxes -€5,268
down €5,268 (-13.5%), from €39,060 to €33,792
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 | €582,940 | €600,593 | +€17,653 | +3.0% |
| Fixed assets | 21/28 | €461,582 | €443,923 | -€17,660 | -3.8% |
| Tangible fixed assets | 22/27 | €461,582 | €443,923 | -€17,660 | -3.8% |
| Land and buildings | 22 | €436,702 | €424,377 | -€12,326 | -2.8% |
| Plant, machinery and equipment | 23 | €21,373 | €15,199 | -€6,174 | -28.9% |
| Furniture and vehicles | 24 | €3,507 | €4,347 | +€840 | +23.9% |
| Current assets | 29/58 | €121,358 | €156,671 | +€35,313 | +29.1% |
| Amounts receivable within one year | 40/41 | €2,940 | €29,531 | +€26,591 | +904.3% |
| Trade receivables | 40 | - | €21,175 | +€21,175 | |
| Other amounts receivable | 41 | €2,940 | €8,356 | +€5,416 | +184.2% |
| Cash at bank and in hand | 54/58 | €118,291 | €126,968 | +€8,677 | +7.3% |
| Deferred charges and accrued income | 490/1 | €127 | €171 | +€45 | +35.4% |
| Total equity and liabilities | 10/49 | €582,940 | €600,593 | +€17,653 | +3.0% |
| Equity | 10/15 | €488,380 | €566,192 | +€77,812 | +15.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €482,180 | €559,680 | +€77,500 | +16.1% |
| Non-distributable reserves | 130/1 | €14,600 | €14,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,600 | €14,600 | = | 0.0% |
| Distributable reserves | 133 | €467,580 | €545,080 | +€77,500 | +16.6% |
| Profit (loss) carried forward | 14 | - | €312 | +€312 | |
| Amounts payable | 17/49 | €94,560 | €34,401 | -€60,159 | -63.6% |
| Amounts payable after more than one year | 17 | €21,489 | €9,109 | -€12,380 | -57.6% |
| Financial debts | 170/4 | €21,489 | €9,109 | -€12,380 | -57.6% |
| Amounts payable within one year | 42/48 | €73,071 | €25,292 | -€47,778 | -65.4% |
| Current portion of amounts payable after more than one year | 42 | €55,376 | €10,736 | -€44,641 | -80.6% |
| Trade debts | 44 | €66 | €5,027 | +€4,961 | +7482.7% |
| Suppliers | 440/4 | €66 | €5,027 | +€4,961 | +7482.7% |
| Taxes, remuneration and social security | 45 | €15,277 | €7,222 | -€8,055 | -52.7% |
| Taxes | 450/3 | €15,277 | €7,222 | -€8,055 | -52.7% |
| Other amounts payable | 47/48 | €2,351 | €2,307 | -€44 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,737 | €26,635 | -€6,102 | -18.6% |
| Other operating charges | 640/8 | €4,090 | €2,416 | -€1,675 | -40.9% |
| Gross operating margin | 9900 | €170,517 | €144,724 | -€25,793 | -15.1% |
| Operating profit (loss) | 9901 | €133,690 | €115,674 | -€18,016 | -13.5% |
| Financial income | 75/76B | €0 | €494 | +€494 | +4941000.0% |
| Recurring financial income | 75 | €0 | €494 | +€494 | +4941000.0% |
| Financial charges | 65/66B | €5,528 | €4,565 | -€963 | -17.4% |
| Recurring financial charges | 65 | €5,528 | €4,565 | -€963 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €128,162 | €111,603 | -€16,559 | -12.9% |
| Income taxes | 67/77 | €39,060 | €33,792 | -€5,268 | -13.5% |
| Profit (loss) for the period | 9904 | €89,103 | €77,812 | -€11,291 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €89,103 | €77,812 | -€11,291 | -12.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.