VAN ISACKER NATALIE: 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.
VAN ISACKER NATALIE
Largest movements
- Cash +€26,794
up €26,794 (+164%), from €16,372 to €43,167
mainly Net result for the year (+€98,479) and Depreciation (+€63,222)
- Tangible fixed assets -€21,733
down €21,733 (-2.8%), from €784,891 to €763,158
of which Plant, machinery and equipment: -€18,237
- Current investments +€16,000
up €16,000, from €0 to €16,000
- Reserves +€49,029
up €49,029 (+12.5%), from €392,860 to €441,889
- Debts after one year -€37,643
down €37,643 (-12.4%), from €303,206 to €265,564
- Tax, wage and social debts +€17,711
up €17,711 (+94.6%), from €18,720 to €36,431
of which Taxes: +€13,177
- Gross operating margin +€32,894
up €32,894 (+13.0%), from €253,944 to €286,838
- Depreciation +€13,916
up €13,916 (+28.2%), from €49,306 to €63,222
- Taxes +€12,484
up €12,484 (+44.4%), from €28,147 to €40,631
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €819,323 | €846,347 | +€27,024 | +3.3% |
| Fixed assets | 21/28 | €795,693 | €774,447 | -€21,246 | -2.7% |
| Intangible fixed assets | 21 | €10,802 | €11,289 | +€487 | +4.5% |
| Tangible fixed assets | 22/27 | €784,891 | €763,158 | -€21,733 | -2.8% |
| Land and buildings | 22 | €659,856 | €655,878 | -€3,978 | -0.6% |
| Plant, machinery and equipment | 23 | €124,535 | €106,298 | -€18,237 | -14.6% |
| Furniture and vehicles | 24 | €500 | €982 | +€482 | +96.5% |
| Current assets | 29/58 | €23,630 | €71,900 | +€48,270 | +204% |
| Amounts receivable within one year | 40/41 | €657 | €7,636 | +€6,980 | +1,063% |
| Trade receivables | 40 | €657 | €3,534 | +€2,878 | +438% |
| Other amounts receivable | 41 | - | €4,102 | +€4,102 | |
| Current investments | 50/53 | €0 | €16,000 | +€16,000 | |
| Cash at bank and in hand | 54/58 | €16,372 | €43,167 | +€26,794 | +164% |
| Deferred charges and accrued income | 490/1 | €6,601 | €5,097 | -€1,504 | -22.8% |
| Total equity and liabilities | 10/49 | €819,323 | €846,347 | +€27,024 | +3.3% |
| Equity | 10/15 | €444,486 | €493,515 | +€49,029 | +11.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €392,860 | €441,889 | +€49,029 | +12.5% |
| Distributable reserves | 133 | €392,860 | €441,889 | +€49,029 | +12.5% |
| Profit (loss) carried forward | 14 | €33,026 | €33,026 | = | 0.0% |
| Amounts payable | 17/49 | €374,837 | €352,832 | -€22,005 | -5.9% |
| Amounts payable after more than one year | 17 | €303,206 | €265,564 | -€37,643 | -12.4% |
| Financial debts | 170/4 | €303,206 | €265,564 | -€37,643 | -12.4% |
| Amounts payable within one year | 42/48 | €67,644 | €83,053 | +€15,408 | +22.8% |
| Current portion of amounts payable after more than one year | 42 | €36,527 | €37,643 | +€1,116 | +3.1% |
| Trade debts | 44 | €10,819 | €8,979 | -€1,841 | -17.0% |
| Suppliers | 440/4 | €10,819 | €8,979 | -€1,841 | -17.0% |
| Taxes, remuneration and social security | 45 | €18,720 | €36,431 | +€17,711 | +94.6% |
| Taxes | 450/3 | €7,423 | €20,600 | +€13,177 | +178% |
| Remuneration and social security | 454/9 | €11,297 | €15,832 | +€4,534 | +40.1% |
| Other amounts payable | 47/48 | €1,578 | €0 | -€1,578 | -100% |
| Accrued charges and deferred income | 492/3 | €3,986 | €4,216 | +€230 | +5.8% |
| Remuneration, social security and pensions | 62 | €70,517 | €69,373 | -€1,144 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,306 | €63,222 | +€13,916 | +28.2% |
| Other operating charges | 640/8 | €2,590 | €3,576 | +€986 | +38.0% |
| Gross operating margin | 9900 | €253,944 | €286,838 | +€32,894 | +13.0% |
| Operating profit (loss) | 9901 | €131,531 | €150,668 | +€19,136 | +14.5% |
| Financial income | 75/76B | €748 | €221 | -€527 | -70.4% |
| Recurring financial income | 75 | €748 | €221 | -€527 | -70.4% |
| Financial charges | 65/66B | €10,183 | €11,778 | +€1,595 | +15.7% |
| Recurring financial charges | 65 | €10,183 | €11,778 | +€1,595 | +15.7% |
| Profit (loss) for the period before taxes | 9903 | €122,096 | €139,110 | +€17,014 | +13.9% |
| Income taxes | 67/77 | €28,147 | €40,631 | +€12,484 | +44.4% |
| Profit (loss) for the period | 9904 | €93,949 | €98,479 | +€4,530 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €93,949 | €98,479 | +€4,530 | +4.8% |
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 14 October 2026 via checked.be.