VAN ISACKER: 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.
VAN ISACKER
Largest movements
- Receivables within one year +€134,302
up €134,302 (+105.8%), from €126,918 to €261,220
of which Other amounts receivable: +€96,703
- Tangible fixed assets +€33,189
up €33,189 (+4.7%), from €706,342 to €739,532
of which Land and buildings: +€18,235
- Other debts +€265,023
up €265,023 (+65.7%), from €403,608 to €668,632
- Profit (loss) carried forward -€61,673
down €61,673 (-125.0%), from -€49,322 to -€110,994
- Debts after one year -€29,788
down €29,788 (-8.6%), from €346,321 to €316,533
- Gross operating margin -€26,779
down €26,779, from €15,673 to -€11,107
- Financial charges +€2,690
up €2,690 (+34.0%), from €7,917 to €10,608
- Depreciation +€1,523
up €1,523 (+7.0%), from €21,769 to €23,291
- Other operating charges +€904
up €904 (+5.7%), from €15,777 to €16,681
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 | €835,117 | €1,002,266 | +€167,149 | +20.0% |
| Fixed assets | 21/28 | €707,842 | €741,032 | +€33,189 | +4.7% |
| Tangible fixed assets | 22/27 | €706,342 | €739,532 | +€33,189 | +4.7% |
| Land and buildings | 22 | €706,342 | €724,577 | +€18,235 | +2.6% |
| Other tangible fixed assets | 26 | - | €14,954 | +€14,954 | |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €127,275 | €261,234 | +€133,959 | +105.3% |
| Amounts receivable within one year | 40/41 | €126,918 | €261,220 | +€134,302 | +105.8% |
| Trade receivables | 40 | €83,501 | €121,100 | +€37,599 | +45.0% |
| Other amounts receivable | 41 | €43,417 | €140,120 | +€96,703 | +222.7% |
| Cash at bank and in hand | 54/58 | €357 | €14 | -€343 | -96.0% |
| Total equity and liabilities | 10/49 | €835,117 | €1,002,266 | +€167,149 | +20.0% |
| Equity | 10/15 | €38,959 | -€22,714 | -€61,673 | |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Capital | 10 | €85,000 | €85,000 | = | 0.0% |
| Issued capital | 100 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €3,281 | €3,281 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,308 | €1,308 | = | 0.0% |
| Legal reserve | 130 | €1,308 | €1,308 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,972 | €1,972 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,322 | -€110,994 | -€61,673 | -125.0% |
| Amounts payable | 17/49 | €796,158 | €1,024,980 | +€228,821 | +28.7% |
| Amounts payable after more than one year | 17 | €346,321 | €316,533 | -€29,788 | -8.6% |
| Financial debts | 170/4 | €346,321 | €316,533 | -€29,788 | -8.6% |
| Amounts payable within one year | 42/48 | €449,837 | €708,446 | +€258,609 | +57.5% |
| Current portion of amounts payable after more than one year | 42 | €45,258 | €38,391 | -€6,868 | -15.2% |
| Trade debts | 44 | €916 | €1,424 | +€508 | +55.5% |
| Suppliers | 440/4 | €916 | €1,424 | +€508 | +55.5% |
| Taxes, remuneration and social security | 45 | €55 | - | -€55 | |
| Taxes | 450/3 | €55 | - | -€55 | |
| Other amounts payable | 47/48 | €403,608 | €668,632 | +€265,023 | +65.7% |
| Non-recurring operating income | 76A | - | €18,342 | +€18,342 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,769 | €23,291 | +€1,523 | +7.0% |
| Other operating charges | 640/8 | €15,777 | €16,681 | +€904 | +5.7% |
| Gross operating margin | 9900 | €15,673 | -€11,107 | -€26,779 | |
| Operating profit (loss) | 9901 | -€21,873 | -€51,079 | -€29,206 | -133.5% |
| Financial income | 75/76B | €1 | €14 | +€13 | +984.8% |
| Recurring financial income | 75 | €1 | €14 | +€13 | +984.8% |
| Financial charges | 65/66B | €7,917 | €10,608 | +€2,690 | +34.0% |
| Recurring financial charges | 65 | €7,917 | €10,608 | +€2,690 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | -€29,789 | -€61,672 | -€31,883 | -107.0% |
| Income taxes | 67/77 | €0 | €0 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€29,789 | -€61,673 | -€31,883 | -107.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,789 | -€61,673 | -€31,883 | -107.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.