M & ISA: 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.
M & ISA
Largest movements
- Receivables within one year -€50,524
down €50,524 (-22.3%), from €226,768 to €176,244
of which Trade receivables: -€50,524
- Cash -€4,884
down €4,884 (-89.5%), from €5,457 to €574
mainly Other debts (-€55,000) and Net result for the year (-€408)
- Other debts -€55,000
down €55,000 (-79.4%), from €69,226 to €14,226
- Other operating charges -€920
down €920 (-100.0%), from €920 to €0
- Gross operating margin -€288
down €288, from €0 to -€288
- Financial charges +€52
up €52 (+77.0%), from €68 to €120
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 | €232,575 | €177,168 | -€55,408 | -23.8% |
| Fixed assets | 21/28 | €350 | €350 | = | 0.0% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €232,225 | €176,818 | -€55,408 | -23.9% |
| Amounts receivable within one year | 40/41 | €226,768 | €176,244 | -€50,524 | -22.3% |
| Trade receivables | 40 | €226,353 | €175,829 | -€50,524 | -22.3% |
| Other amounts receivable | 41 | €415 | €415 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €5,457 | €574 | -€4,884 | -89.5% |
| Total equity and liabilities | 10/49 | €232,575 | €177,168 | -€55,408 | -23.8% |
| Equity | 10/15 | €128,408 | €128,000 | -€408 | -0.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €114,148 | €113,740 | -€408 | -0.4% |
| Amounts payable | 17/49 | €104,168 | €49,168 | -€55,000 | -52.8% |
| Amounts payable within one year | 42/48 | €104,168 | €49,168 | -€55,000 | -52.8% |
| Trade debts | 44 | €34,942 | €34,942 | = | 0.0% |
| Suppliers | 440/4 | €34,942 | €34,942 | = | 0.0% |
| Other amounts payable | 47/48 | €69,226 | €14,226 | -€55,000 | -79.4% |
| Other operating charges | 640/8 | €920 | €0 | -€920 | -100.0% |
| Gross operating margin | 9900 | €0 | -€288 | -€288 | |
| Operating profit (loss) | 9901 | -€920 | -€288 | +€632 | +68.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €68 | €120 | +€52 | +77.0% |
| Recurring financial charges | 65 | €68 | €120 | +€52 | +77.0% |
| Profit (loss) for the period before taxes | 9903 | -€988 | -€408 | +€580 | +58.7% |
| Profit (loss) for the period | 9904 | -€988 | -€408 | +€580 | +58.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€988 | -€408 | +€580 | +58.7% |
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 11 October 2026 via checked.be.